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Norcros plc (NXR.L)

GBp316.00 +11.00 (+3.61%)
GB LSE Industrials Construction
Address Ladyfield House SK9 1BU
Wilmslow, GB
CEO Thomas John Willcocks
IPO 2007-01-10
ISIN GB00BYYJL418

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Description

Norcros plc stands as a leading designer, manufacturer, and distributor of a wide array of bathroom and kitchen products, operating across the United Kingdom and South Africa. The company's extensive portfolio includes electric and mixer showers, along with accessories, marketed under the Triton brand. Merlyn provides high-quality shower enclosures and trays, serving residential, commercial, and hospitality sectors. Additionally, Vado supplies a range of taps, mixer showers, bathroom accessories, and valves. For diverse bathroom furnishings and accessories such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains, Norcros caters to retail and trade clients through its Croydex line. In the kitchen domain, the Abode brand delivers innovative kitchen taps, sinks, and instant hot water solutions. Johnson Tiles is responsible for producing ceramic wall and floor tiles. Supporting tiling endeavors, Norcros Adhesives offers crucial adhesives, grouts, and surface preparation products essential for the installation of ceramic, porcelain, mosaic, natural stone, and marble tiles. Furthermore, the company manufactures waterproof decorative bathroom wall panels under the Home of Multipanel brand. Within South Africa, the TAL brand provides a comprehensive suite of tiling solutions, encompassing tile adhesives, pourable floor coverings, and tools for various tile types, alongside floor preparation items like primers, additives, patching compounds, screeds, self-levelling screeds, and waterproofing systems. Specialist plumbing materials are also distributed via the House of Plumbing brand. The company's retail footprint includes Tile Africa, which sells wall and floor tiles, adhesives, showers, sanitaryware, and bathroom fittings. Norcros serves a broad client base, including individual consumers, architects, designers, property developers, retailers, and wholesalers. Founded in 1999, Norcros plc is headquartered in Wilmslow, United Kingdom.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
GBp316.00 +11.00 (+3.61%)
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Volume Profile
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Liquidity & share structure
Average Volume
176.4K
Beta
1.04
Float Shares
84.57M
Free Float %
94.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.49% -0.73% -7.17% -16.31% -11.69% -18.81% -1.45% +60.00% -17.58% +58.76% -66.32%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
316.00
DCF (Unlevered) 604.34 +91.2%
DCF (Levered) 655.24 +107.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 5 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.51
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Construction: +2.5%
    +6.9% Q1'26: +9.8% (vs Q1'24)
  • EPS growth Construction: +11.1%
    -91.5% Q1'26: -101.1% (vs Q1'24)
  • FCF margin FCF growth · Construction: +30.9%
    +5.3% Q1'26: +6.8% (vs Q1'24)
  • EBIT margin Construction: +8.5%
    +5.6% Q1'26: +3.8% (vs Q1'24)
  • ROIC Construction: +6.4%
    +5.2% Q1'26: +6.4% (vs Q1'24)
  • Share dilution Construction: +0.4%
    +0.1% Q1'26: +2.0% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Construction: 0.05×
    3.14× Q1'26: 1.73× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.02) × ERP
WACC = 66% × Ke + 34% × Kd (6.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 602.21 Current price: 316.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2008
actual
Mar 2009
actual
Mar 2010
actual
Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
6 Rev. Ana.
5 EPS Ana.
Mar 2027
5 Rev. Ana.
5 EPS Ana.
Mar 2028
6 Rev. Ana.
5 EPS Ana.
Mar 2029
5 Rev. Ana.
1 EPS Ana.
Revenue
167.90M
est: 170.52M (-1.5%)
154.20M
est: 156.94M (-1.7%)
169.60M
est: 171.32M (-1.0%)
196.10M
est: 197.72M (-0.8%)
200.30M
est: 202.90M (-1.3%)
210.70M
est: 211.93M (-0.6%)
218.70M
est: 234.46M (-6.7%)
222.10M
est: 222.00M (+0.0%)
235.90M
est: 238.30M (-1.0%)
271.20M
est: 265.05M (+2.3%)
300.10M
est: 299.20M (+0.3%)
331.00M
est: 331.00M (+0.0%)
342.00M
est: 343.07M (-0.3%)
324.20M
est: 325.38M (-0.4%)
396.30M
est: 396.06M (+0.1%)
441.00M
est: 440.00M (+0.2%)
392.10M
est: 489.95M (-20.0%)
368.10M
est: 369.20M (-0.3%)
394.88M
389.28M – 405.59M
+7.0% YoY
442.35M
437.75M – 451.05M
+12.0% YoY
453.38M
444.84M – 469.26M
+2.5% YoY
451.00M
444.39M – 463.36M
-0.5% YoY
EBITDA
22.30M
est: 18.64M (+19.6%)
5.00M
est: 8.65M (-42.2%)
1.80M
est: -4.69M (+138.3%)
15.60M
est: 21.19M (-26.4%)
18.60M
est: 21.74M (-14.4%)
12.80M
est: 13.47M (-5.0%)
14.50M
est: 17.26M (-16.0%)
19.30M
est: 4.64M (+315.6%)
22.90M
est: 20.54M (+11.5%)
22.40M
est: 23.22M (-3.5%)
26.40M
est: 16.47M (+60.3%)
37.80M
est: 17.00M (+122.3%)
33.70M
est: 35.49M (-5.1%)
35.00M
est: 20.33M (+72.2%)
48.80M
est: 32.63M (+49.6%)
54.50M
est: 48.09M (+13.3%)
55.30M
est: 26.60M (+107.9%)
18.70M
est: 40.64M (-54.0%)
43.16M
42.55M – 44.33M
+6.2% YoY
48.35M
47.85M – 49.30M
+12.0% YoY
49.56M
48.62M – 51.29M
+2.5% YoY
49.30M
48.57M – 50.65M
-0.5% YoY
EBIT
15.90M
est: 12.65M (+25.7%)
-1.40M
est: 11.97M (-111.7%)
-4.60M
est: -764.1K (-502.0%)
9.00M
est: 14.37M (-37.4%)
30.60M
est: 14.75M (+107.5%)
7.40M
est: 11.39M (-35.0%)
12.70M
est: 9.51M (+33.5%)
9.30M
est: 12.38M (-24.9%)
15.00M
est: 10.97M (+36.8%)
14.80M
est: 18.47M (-19.8%)
18.00M
est: 18.95M (-5.0%)
23.80M
est: 21.64M (+10.0%)
18.70M
est: 26.28M (-28.8%)
21.90M
est: 14.89M (+47.1%)
35.80M
est: 22.75M (+57.4%)
27.50M
est: 32.63M (-15.7%)
39.80M
est: 19.49M (+104.2%)
8.70M
est: 24.27M (-64.2%)
29.28M
28.87M – 30.08M
+20.6% YoY
32.80M
32.46M – 33.45M
+12.0% YoY
33.62M
32.99M – 34.80M
+2.5% YoY
33.44M
32.95M – 34.36M
-0.5% YoY
Net Income
9.50M
est: 71.88M (-86.8%)
-6.30M
est: 8.74M (-172.1%)
-10.00M
est: -6.88M (-45.4%)
6.70M
est: 14.48M (-53.7%)
9.40M
est: 16.29M (-42.3%)
9.10M
est: 9.82M (-7.3%)
8.70M
est: 10.07M (-13.6%)
8.20M
est: 8.42M (-2.6%)
13.00M
est: 8.82M (+47.5%)
8.50M
est: 14.37M (-40.9%)
9.90M
est: 9.59M (+3.2%)
19.40M
est: 10.93M (+77.5%)
10.90M
est: 20.31M (-46.3%)
15.00M
est: 9.12M (+64.5%)
25.70M
est: 33.23M (-22.7%)
16.80M
est: 32.39M (-48.1%)
26.80M
est: 26.80M (+0.0%)
3.50M
est: 27.61M (-87.3%)
29.33M
28.43M – 30.23M
+6.2% YoY
34.53M
33.54M – 35.52M
+17.7% YoY
36.25M
35.00M – 37.49M
+5.0% YoY
38.61M
37.87M – 39.98M
+6.5% YoY
SGA
est: 54.75M (-100.0%)
est: 50.39M (-100.0%)
est: 55.01M (-100.0%)
est: 63.48M (-100.0%)
est: 65.14M (-100.0%)
47.40M
est: 68.04M (-30.3%)
48.60M
est: 75.28M (-35.4%)
51.30M
est: 1.35M (+3,687.2%)
55.30M
est: 1.83M (+2,925.5%)
82.70M
est: 1.88M (+4,299.7%)
90.10M
est: 2.26M (+3,893.0%)
99.10M
est: 1.55M (+6,310.6%)
106.70M
est: 1.57M (+6,694.2%)
93.50M
est: 1.25M (+7,351.4%)
104.60M
est: 128.39M (-18.5%)
141.80M
est: 141.27M (+0.4%)
125.10M
est: 1.64M (+7,517.8%)
151.80M
est: 119.37M (+27.2%)
126.78M
124.98M – 130.22M
+6.2% YoY
142.02M
140.55M – 144.82M
+12.0% YoY
145.56M
142.82M – 150.66M
+2.5% YoY
144.80M
142.68M – 148.77M
-0.5% YoY
EPS
0.78
est: 0.80 (-2.3%)
-0.09
est: 0.28 (-133.2%)
-0.15
est: -0.09 (-71.0%)
0.12
est: 0.16 (-26.5%)
0.16
est: 0.18 (-12.9%)
0.16
est: 0.19 (-13.7%)
0.17
est: 0.21 (-18.7%)
0.14
est: 0.19 (-25.6%)
0.21
est: 0.23 (-6.8%)
0.14
est: 0.25 (-44.6%)
0.15
est: 0.29 (-48.7%)
0.24
est: 0.31 (-21.7%)
0.14
est: 0.27 (-47.8%)
0.19
est: 0.28 (-31.8%)
0.32
est: 0.36 (-12.2%)
0.19
est: 0.36 (-46.5%)
0.30
est: 0.30 (+0.1%)
0.04
est: 0.31 (-87.3%)
0.33
0.32 – 0.34
+6.4% YoY
0.38
0.37 – 0.39
+17.4% YoY
0.41
0.39 – 0.42
+6.2% YoY
0.43
0.42 – 0.44
+5.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-06-11 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-06-10 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-06-09 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-06-08 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-06-05 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-06-04 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-06-03 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-06-02 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-06-01 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-29 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-28 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-27 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-26 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-22 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-21 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-20 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-19 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-18 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-15 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-14 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-13 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-12 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-11 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-08 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-06 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-05 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-01 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-29 B+ 3/5 3/5 2/5 4/5 2/5 3/5 4/5
2026-04-28 B+ 3/5 3/5 2/5 4/5 2/5 3/5 4/5
2026-04-27 B+ 3/5 3/5 2/5 4/5 2/5 3/5 4/5
2026-04-24 B 3/5 3/5 2/5 4/5 1/5 3/5 4/5
2026-04-23 B 3/5 3/5 2/5 4/5 1/5 3/5 4/5
2026-04-22 B 3/5 3/5 2/5 4/5 1/5 3/5 4/5
2026-04-21 B 3/5 3/5 2/5 4/5 1/5 3/5 4/5
2026-04-20 B 3/5 3/5 2/5 4/5 1/5 3/5 4/5
2026-04-17 B 3/5 3/5 2/5 4/5 1/5 3/5 4/5
2026-04-16 B 3/5 3/5 2/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
26.92M
OE per share TTM
0.30
Owner's Yield
10.89%
Maintenance CapEx ratio
963.78%
Maint CapEx / Avg PPE
12.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 9 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
10.6K
Shares Outstanding
89.89M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Thomas Willcocks Chief Executive Officer & Executive Director 724.8K male
James Eyre Chief Financial Officer & Executive Director 555.6K male
Chris Mulligan Director of Corporate Development & Strategy male
David Tutton Managing Director of Triton male
Helen Gopsill Chief People Officer
Andy Baines Managing Director of VADO
Kevin Swan Managing Director of South Africa male
Matthew Pitt Managing Director of Abode male
Richard H. Collins Chief Legal Officer & Company Secretary male
Charlie Soden Managing Director of Merlyn male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits