Financials Norcros plc

Equities

Market Closed - London S.E. Other stock markets 11:35:24 2024-05-02 am EDT			5-day change	1st Jan Change
192 ^GBX	0.00%		+8.47%	0.00%

May. 01	Norcros sets out strategic aims; Synthomer seals sale	AN
Apr. 25	Norcros sells Johnson Tiles UK; Trifast trading well	AN

Fiscal Period: März	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	153.9	101.1	216.7	209.1	166.1	172	-	-
Enterprise Value (EV) ¹	188.9	137.5	230.4	224.5	240.7	222.9	231.7	221.7
P/E ratio	8.01 x	9.3 x	14.4 x	8.27 x	9.89 x	9.1 x	8.98 x	8.13 x
Yield	4.39%	2.47%	3.06%	3.88%	5.48%	5.32%	5.36%	5.43%
Capitalization / Revenue	0.46 x	0.3 x	0.67 x	0.53 x	0.38 x	0.43 x	0.44 x	0.43 x
EV / Revenue	0.57 x	0.4 x	0.71 x	0.57 x	0.55 x	0.56 x	0.6 x	0.56 x
EV / EBITDA	4.57 x	3.56 x	6.08 x	4.95 x	4.77 x	4.5 x	4.61 x	4.24 x
EV / FCF	8.11 x	6.49 x	4.56 x	24.4 x	13 x	9.81 x	12.7 x	10.4 x
FCF Yield	12.3%	15.4%	21.9%	4.1%	7.69%	10.2%	7.86%	9.59%
Price to Book	-	0.97 x	1.46 x	1.04 x	0.78 x	0.79 x	0.77 x	0.72 x
Nbr of stocks (in thousands)	80,368	80,557	80,855	81,052	89,274	89,604	-	-
Reference price ²	1.915	1.255	2.680	2.580	1.860	1.920	1.920	1.920
Announcement Date	6/12/19	6/25/20	6/10/21	6/9/22	6/15/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	331	342	324.2	396.3	441	398	387.4	395.8
EBITDA ¹	41.3	38.6	37.9	45.4	50.5	49.56	50.23	52.3
EBIT ¹	34.4	32.3	33.8	41.8	47.3	42.74	43.1	44.68
Operating Margin	10.39%	9.44%	10.43%	10.55%	10.73%	10.74%	11.12%	11.29%
Earnings before Tax (EBT) ¹	25.4	15	18.5	33	21.7	25.4	28.08	29.73
Net income ¹	19.4	10.9	15	25.7	16.8	18.34	20.2	21.4
Net margin	5.86%	3.19%	4.63%	6.48%	3.81%	4.61%	5.21%	5.41%
EPS ²	0.2390	0.1350	0.1860	0.3120	0.1880	0.2110	0.2139	0.2361
Free Cash Flow ¹	23.3	21.2	50.5	9.2	18.5	22.73	18.22	21.25
FCF margin	7.04%	6.2%	15.58%	2.32%	4.2%	5.71%	4.7%	5.37%
FCF Conversion (EBITDA)	56.42%	54.92%	133.25%	20.26%	36.63%	45.87%	36.27%	40.63%
FCF Conversion (Net income)	120.1%	194.5%	336.67%	35.8%	110.12%	123.95%	90.18%	99.3%
Dividend per Share ²	0.0840	0.0310	0.0820	0.1000	0.1020	0.1021	0.1030	0.1043
Announcement Date	6/12/19	6/25/20	6/10/21	6/9/22	6/15/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	35	36.4	13.7	15.4	74.6	50.9	59.7	49.7
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.8475 x	0.943 x	0.3615 x	0.3392 x	1.477 x	1.027 x	1.189 x	0.9493 x
Free Cash Flow ¹	23.3	21.2	50.5	9.2	18.5	22.7	18.2	21.3
ROE (net income / shareholders' equity)	16.8%	19.8%	19.9%	18.1%	16.3%	11.3%	11%	9.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	1.300	1.840	2.480	2.390	2.430	2.490	2.660
Cash Flow per Share ²	0.3600	-	0.6600	0.1800	-	0.3000	0.2500	0.3000
Capex ¹	5.6	4.8	2.8	5.4	6	8.45	9.08	8.75
Capex / Sales	1.69%	1.4%	0.86%	1.36%	1.36%	2.12%	2.34%	2.21%
Announcement Date	6/12/19	6/25/20	6/10/21	6/9/22	6/15/23	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.92 GBP

Average target price

3.11 GBP

Spread / Average Target

+61.98%

	1st Jan change	Capi.
NORCROS PLC	+0.96%	215M
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SIMPSON MANUFACTURING CO., INC.	-10.53%	7.46B