Norcros Future Growth

Future criteria checks 2/6

Norcros's revenue is forecast to decline at 2.6% per annum while its annual earnings are expected to grow at 12.9% per year. EPS is expected to grow by 10.9% per annum. Return on equity is forecast to be 10.2% in 3 years.

Key information

12.9%

Earnings growth rate

10.9%

EPS growth rate

Building earnings growth	13.6%
Revenue growth rate	-2.6%
Future return on equity	10.2%
Analyst coverage	Good
Last updated	01 May 2024

Recent future growth updates

Recent updates

Norcros plc's (LON:NXR) CEO Compensation Is Looking A Bit Stretched At The Moment

Jul 15

Norcros (LON:NXR) Takes On Some Risk With Its Use Of Debt

Mar 12

Norcros (LON:NXR) Has Compensated Shareholders With A Respectable 47% Return On Their Investment

Feb 22

Estimating The Intrinsic Value Of Norcros plc (LON:NXR)

Feb 08

We Think Norcros's (LON:NXR) Statutory Profit Might Understate Its Earnings Potential

Jan 25

Here's What Norcros plc's (LON:NXR) Shareholder Ownership Structure Looks Like

Jan 11

Here's What We Learned About The CEO Pay At Norcros plc (LON:NXR)

Dec 28

Should You Think About Buying Norcros plc (LON:NXR) Now?

Dec 16

Do Its Financials Have Any Role To Play In Driving Norcros plc's (LON:NXR) Stock Up Recently?

Dec 03

Have Insiders Sold Norcros plc (LON:NXR) Shares Recently?

Nov 21

Earnings and Revenue Growth Forecasts

LSE:NXR - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	377	N/A	22	N/A	1
3/31/2026	396	21	21	38	6
3/31/2025	387	20	18	35	8
3/31/2024	398	18	23	37	8
9/30/2023	423	15	30	37	N/A
6/30/2023	432	16	24	31	N/A
3/31/2023	441	17	19	25	N/A
12/31/2022	428	20	15	21	N/A
9/30/2022	415	23	12	18	N/A
6/30/2022	406	25	10	16	N/A
3/31/2022	396	26	9	15	N/A
12/31/2021	393	26	14	19	N/A
9/30/2021	390	26	20	24	N/A
6/30/2021	357	20	35	39	N/A
3/31/2021	324	15	51	53	N/A
12/31/2020	310	9	46	49	N/A
9/30/2020	296	3	41	44	N/A
6/30/2020	319	7	31	35	N/A
3/31/2020	342	11	21	26	N/A
12/31/2019	346	14	26	31	N/A
9/30/2019	350	18	31	37	N/A
6/30/2019	340	19	27	33	N/A
3/31/2019	331	19	23	29	N/A
12/31/2018	324	18	15	21	N/A
9/30/2018	318	16	6	13	N/A
6/30/2018	309	13	8	15	N/A
3/31/2018	300	10	10	18	N/A
12/31/2017	294	9	11	19	N/A
9/30/2017	287	8	11	20	N/A
6/30/2017	279	8	N/A	21	N/A
3/31/2017	271	9	N/A	23	N/A
12/31/2016	259	11	N/A	20	N/A
9/30/2016	246	14	N/A	18	N/A
6/30/2016	241	13	N/A	17	N/A
3/31/2016	236	13	N/A	17	N/A
12/31/2015	234	11	N/A	N/A	N/A
9/30/2015	232	9	N/A	17	N/A
6/30/2015	227	8	N/A	16	N/A
3/31/2015	222	8	N/A	14	N/A
12/31/2014	219	11	N/A	N/A	N/A
9/30/2014	216	15	N/A	14	N/A
6/30/2014	217	12	N/A	12	N/A
3/31/2014	219	10	N/A	10	N/A
9/30/2013	205	1	N/A	8	N/A
6/30/2013	203	3	N/A	6	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NXR's forecast earnings growth (12.9% per year) is above the savings rate (1.8%).

Earnings vs Market: NXR's earnings (12.9% per year) are forecast to grow faster than the UK market (12.4% per year).

High Growth Earnings: NXR's earnings are forecast to grow, but not significantly.

Revenue vs Market: NXR's revenue is expected to decline over the next 3 years (-2.6% per year).

High Growth Revenue: NXR's revenue is forecast to decline over the next 3 years (-2.6% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NXR's Return on Equity is forecast to be low in 3 years time (10.2%).

Norcros Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Norcros plc Provides Earnings Guidance for the Year Ended March 31, 2024

Price target decreased by 12% to UK£2.82

Consensus EPS estimates fall by 14%

Price target decreased by 7.3% to UK£2.95

Price target decreased to UK£2.83

Price target decreased to UK£3.11

Recent updates

The management of Johnsons Tiles Limited agreed to acquire Johnsons Tiles Limited from Norcros plc (LSE:NXR) in a management buyout transaction for £1 million.

Norcros plc Provides Earnings Guidance for the Year Ended March 31, 2024

CFO & Executive Director exercised options to buy UK£155k worth of stock.

Price target decreased by 12% to UK£2.82

A Look At The Intrinsic Value Of Norcros plc (LON:NXR)

Norcros plc, Annual General Meeting, Jul 24, 2024

CEO & Executive Director exercised options to buy UK£58k worth of stock.

Upcoming dividend of UK£0.034 per share at 6.1% yield

First half 2024 earnings released: EPS: UK£0.10 (vs UK£0.13 in 1H 2023)

Norcros plc Declares Interim Dividend, Payable on 16 January 2024

Norcros plc Announces Executive Changes

Norcros plc Approves Final Dividend for the Year Ended 31 March 2023

Norcros plc Announces Board Changes

Less than half of directors are independent

Consensus EPS estimates fall by 14%

Price target decreased by 7.3% to UK£2.95

Upcoming dividend of UK£0.068 per share at 5.4% yield

Norcros (LON:NXR) Is Paying Out Less In Dividends Than Last Year

New minor risk - Earnings quality

Full year 2023 earnings: EPS misses analyst expectations

Norcros plc Recommends Final Dividend for the Year Ended 31 March 2023

Norcros plc Announces Directorate Changes

Norcros plc Announces Demise of Gary Kennedy, the Board Chair and a Non-Executive Director

Norcros plc Announces Executive Changes

Norcros plc Announces Executive Changes

Less than half of directors are independent

Norcros plc Announces Change in Directorate

Norcros plc Announces Board Changes

Upcoming dividend of UK£0.034 per share

Price target decreased to UK£2.83

Norcros' (LON:NXR) Shareholders Will Receive A Bigger Dividend Than Last Year

Norcros plc to Report First Half, 2024 Results on Nov 09, 2023

First half 2023 earnings released: EPS: UK£0.13 (vs UK£0.16 in 1H 2022)

Norcros plc to Report First Half, 2023 Results on Nov 09, 2023

Norcros plc Declares Interim Dividend for the Six Months Ended 30 September 2022, Payable on 10 January 2023

Price target decreased to UK£3.11

Norcros plc Provides Revenue Guidance for the Twenty Six Weeks Ended October 2, 2022

Investor sentiment deteriorated over the past week

Norcros plc Approves Board Appointments

Price target decreased to UK£3.98

Less than half of directors are independent

Full year 2022 earnings: EPS exceeds analyst expectations

Norcros plc Recommends Final Dividend for the Year Ended 31 March 2022, Payable on 29 July 2022

Now 23% undervalued after recent price drop

Investor sentiment improved over the past week

Norcros plc (LSE:NXR) agreed to acquire Grant Westfield Limited.

Norcros plc (LSE:NXR) agreed to acquire Granfit Holdings Limited for an enterprise value of £80 million.

Norcros plc Provides Earnings Guidance for the Year to 31 March 2022

Now 20% undervalued after recent price drop

Upcoming dividend of UK£0.031 per share

First half 2022 earnings released: EPS UK£0.16 (vs UK£0.031 in 1H 2021)

Investor sentiment improved over the past week

Managing Director of South Africa Thomas Willcocks has left the company

CEO & Director exercised options and sold UK£61k worth of stock

Norcros plc's (LON:NXR) CEO Compensation Is Looking A Bit Stretched At The Moment

Upcoming dividend of UK£0.082 per share

Price target increased to UK£3.88

Full year 2021 earnings released: EPS UK£0.19 (vs UK£0.14 in FY 2020)

Price target increased to UK£3.65

Independent Non-Executive Director has left the company

Norcros plc Provides Earnings Guidance for the Full Year Ended March 31, 2021

Price target increased to UK£3.38

Norcros (LON:NXR) Takes On Some Risk With Its Use Of Debt

Analysts increase EPS estimates to UK£0.13

Norcros (LON:NXR) Has Compensated Shareholders With A Respectable 47% Return On Their Investment

New 90-day high: UK£2.19

Norcros plc, Annual General Meeting, Jul 21, 2021

Estimating The Intrinsic Value Of Norcros plc (LON:NXR)

We Think Norcros's (LON:NXR) Statutory Profit Might Understate Its Earnings Potential