Norcros
Market Cap
UK£210.0m
Last Updated
2021/03/04 18:45 UTC
Data Sources
Company Financials +
Executive Summary
Norcros plc, together with its subsidiaries, engages in the development, manufacture, and marketing of bathroom and kitchen products in the United Kingdom and South Africa. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with high growth potential.
Share Price & News
How has Norcros's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NXR is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NXR's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
6.9%
NXR
1.1%
GB Building
0.3%
GB Market
1 Year Return
15.5%
NXR
11.6%
GB Building
0.8%
GB Market
Return vs Industry: NXR exceeded the UK Building industry which returned 8.2% over the past year.
Return vs Market: NXR exceeded the UK Market which returned 1.1% over the past year.
Shareholder returns
| NXR | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.9% | 1.1% | 0.3% |
| 30 Day | 21.5% | 4.6% | 3.2% |
| 90 Day | 29.6% | 9.5% | 4.5% |
| 1 Year | 15.5%15.5% | 12.5%11.6% | 6.7%0.8% |
| 3 Year | 40.4%30.3% | 32.9%23.5% | 11.5%-1.9% |
| 5 Year | 79.9%54.4% | 43.1%24.7% | 41.8%14.5% |
Long-Term Price Volatility Vs. Market
How volatile is Norcros's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Norcros (LON:NXR) Has Compensated Shareholders With A Respectable 47% Return On Their Investment3 weeks ago | Simply Wall St
Estimating The Intrinsic Value Of Norcros plc (LON:NXR)1 month ago | Simply Wall St
We Think Norcros's (LON:NXR) Statutory Profit Might Understate Its Earnings PotentialValuation
Is Norcros undervalued compared to its fair value and its price relative to the market?
63.8x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NXR (£2.6) is trading above our estimate of fair value (£1.98)
Significantly Below Fair Value: NXR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NXR is poor value based on its PE Ratio (65.3x) compared to the GB Building industry average (44.8x).
PE vs Market: NXR is poor value based on its PE Ratio (65.3x) compared to the UK market (24.3x).
Price to Earnings Growth Ratio
PEG Ratio: NXR is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: NXR's PB Ratio (1.9x) is in line with the GB Building industry average.
Next Steps
Future Growth
How is Norcros forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
46.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NXR's forecast earnings growth (46% per year) is above the savings rate (1%).
Earnings vs Market: NXR's earnings (46% per year) are forecast to grow faster than the UK market (22.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NXR's revenue (9.2% per year) is forecast to grow faster than the UK market (7.3% per year).
High Growth Revenue: NXR's revenue (9.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NXR's Return on Equity is forecast to be high in 3 years time (26.2%)
Next Steps
Past Performance
How has Norcros performed over the past 5 years?
2.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NXR has a large one-off loss of £2.3M impacting its September 30 2020 financial results.
Growing Profit Margin: NXR's current net profit margins (1.1%) are lower than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: NXR's earnings have grown by 2.3% per year over the past 5 years.
Accelerating Growth: NXR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NXR had negative earnings growth (-81.8%) over the past year, making it difficult to compare to the Building industry average (-47%).
Return on Equity
High ROE: NXR's Return on Equity (2.9%) is considered low.
Next Steps
Financial Health
How is Norcros's financial position?
Financial Position Analysis
Short Term Liabilities: NXR's short term assets (£166.7M) exceed its short term liabilities (£93.8M).
Long Term Liabilities: NXR's short term assets (£166.7M) exceed its long term liabilities (£112.1M).
Debt to Equity History and Analysis
Debt Level: NXR's debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: NXR's debt to equity ratio has reduced from 68.7% to 34.1% over the past 5 years.
Debt Coverage: NXR's debt is well covered by operating cash flow (116.7%).
Interest Coverage: NXR's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Norcros's current dividend yield, its reliability and sustainability?
2.49%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NXR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NXR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NXR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NXR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NXR is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NXR's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
9.9yrs
Average management tenure
CEO
Nick Kelsall (63 yo)
9.92yrs
Tenure
UK£591,514
Compensation
Mr. Nicholas P. Kelsall, also known as Nick, A.C.A, has been the Chief Executive Officer at Norcros plc since April 1, 2011. Mr. Kelsall served as Group Finance Director of Norcros from October 1, 1996 to ...
CEO Compensation Analysis
Compensation vs Market: Nick's total compensation ($USD827.38K) is above average for companies of similar size in the UK market ($USD574.45K).
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 9.92yrs | UK£591.51k | 2.06% £ 4.3m | |
| Group Finance Director & Director | 4.92yrs | UK£399.70k | 0.28% £ 584.3k | |
| Group Counsel & Company Secretary | 7.75yrs | no data | no data | |
| Managing Director of Johnson Tiles | 13.17yrs | no data | no data | |
| Managing Director of Norcros SA (Pty) Ltd | 12.17yrs | no data | no data | |
| Managing Director of Norcros Adhesives | 20.17yrs | no data | no data | |
| Managing Director of Triton | 5.67yrs | no data | no data | |
| Managing Director of Croydex | 14.17yrs | no data | no data | |
| Managing Director of Merlyn | 11.17yrs | no data | no data | |
| Managing Director of Abode | 1.17yrs | no data | no data | |
| Interim Managing Director of Vado | 0.92yr | no data | no data |
9.9yrs
Average Tenure
59yo
Average Age
Experienced Management: NXR's management team is seasoned and experienced (9.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 9.92yrs | UK£591.51k | 2.06% £ 4.3m | |
| Group Finance Director & Director | 4.92yrs | UK£399.70k | 0.28% £ 584.3k | |
| Independent Non-Executive Chairman | 0.67yr | no data | 0.062% £ 130.1k | |
| Senior Independent Director | 7.67yrs | UK£46.00k | 0.022% £ 46.7k | |
| Independent Non-Executive Director | 1.83yrs | UK£46.00k | no data |
4.9yrs
Average Tenure
61yo
Average Age
Experienced Board: NXR's board of directors are considered experienced (4.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Norcros plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Norcros plc
- Ticker: NXR
- Exchange: LSE
- Founded: 1999
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: UK£210.004m
- Shares outstanding: 80.77m
- Website: https://www.norcros.com
Number of Employees
Location
- Norcros plc
- Ladyfield House
- Station Road
- Wilmslow
- Cheshire
- SK9 1BU
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NXR | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jul 2007 |
| NXRl | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jul 2007 |
Biography
Norcros plc, together with its subsidiaries, engages in the development, manufacture, and marketing of bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and dis...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 18:45 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.