0.43%
-8.56%
-14.23%
0.00%
23.68%
-22.95%
-18.40%

Company Description

Norcros plc, together with its subsidiaries, designs, manufactures, and distributes bathroom and kitchen products in the United Kingdom and South Africa.The company manufactures and distributes electric and mixer showers, and accessories under the Triton brand name; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, and valves under the Vado brand name; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand name.It also offers kitchen taps, sinks, and instant hot water taps under the Abode brand name; ceramic wall and floor tiles under the Johnson Tiles brand name; and adhesives, grouts, and surface preparation products under the Norcros Adhesives brand name for fixing ceramic and porcelain tiles, mosaics, natural stones, and marbles.


In addition, the company provides tile adhesives, pourable floor coverings, and tiling tools for various types of ceramic, porcelain, or natural stone tiles; and various products for the preparation of floors before the installation of hard and soft floor coverings, including primers, additives, patching and repair compounds, and screeds and self-levelling screeds, as well as waterproofing systems under the TAL brand name, as well as specialist plumbing materials under the House of Plumbing brand name.Further, it manufactures waterproof decorative bathroom wall panels under the Home of Multipanel brand name; and retails wall and floor tiles, adhesives, showers, sanitaryware, and bathroom fittings under the Tile Africa brand name.The company serves consumers, architects, designers, developers, retailers, and wholesalers.


Norcros plc was incorporated in 1999 and is headquartered in Wilmslow, the United Kingdom.

Market Data

Last Price 235
Change Percentage 0.43%
Open 230
Previous Close 234
Market Cap ( Millions) 211
Volume 13406
Year High 283
Year Low 167.5
M A 50 250.14
M A 200 235.87

Financial Ratios

FCF Yield 13.88%
Dividend Yield 4.38%
ROE 12.35%
Debt / Equity 40.60%
Net Debt / EBIDTA 107.59%
Price To Book 0.94
Price Earnings Ratio 7.84
Price To FCF 7.2
Price To sales 0.54
EV / EBITDA 4.89

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Bathroom and Kitchen Products

Expected Growth : 4.65 %

What the company do ?

Norcros plc offers a range of bathroom and kitchen products, including sanitaryware, tiles, and adhesives, for residential and commercial projects.

Why we expect these perspectives ?

Norcros plc's Bathroom and Kitchen Products segment growth of 4.65% is driven by increasing demand for premium and water-efficient products, expansion in the UK and international markets, and strategic acquisitions. Additionally, the segment benefits from a strong brand portfolio, innovative product offerings, and a focus on sustainability, which resonates with environmentally conscious consumers.

Norcros Plc Products

Product Range What is it ?
Adhesives Norcros plc offers a range of adhesives for various applications, including tile adhesives, floor adhesives, and wall adhesives.
Grouts Norcros plc provides a variety of grouts for filling gaps between tiles, including cement-based, epoxy-based, and acrylic-based grouts.
Tile Accessories Norcros plc offers a range of tile accessories, including tile trim, tile edging, and tile spacers.
Levelling Compounds Norcros plc provides levelling compounds for creating a level and even surface for tile installation.
Waterproofing Membranes Norcros plc offers waterproofing membranes for protecting buildings and structures from water damage.
Tile Backer Boards Norcros plc provides tile backer boards for creating a solid and stable base for tile installation.

Norcros plc's Porter Forces

The threat of substitutes for Norcros plc is medium due to the availability of alternative products in the market.

The bargaining power of customers for Norcros plc is low due to the company's strong brand presence and customer loyalty.

The bargaining power of suppliers for Norcros plc is medium due to the company's dependence on a few key suppliers.

The threat of new entrants for Norcros plc is high due to the low barriers to entry in the industry.

The intensity of rivalry for Norcros plc is high due to the presence of several established competitors in the market.

Capital Structure

Value
Debt Weight 28.77%
Debt Cost 7.23%
Equity Weight 71.23%
Equity Cost 11.04%
WACC 9.95%
Leverage 40.40%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
SRAD.L Stelrad Group PLC manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally. It provides steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular …
DECB.BR Deceuninck NV engages in the design, manufacture, and recycling of multi-material window, door, and building solutions in Europe, North America, Turkey, and internationally. Its application offers PVC and aluminum windows …
GEN.L Genuit Group plc develops, manufactures, and sells water, climate, and ventilation management solutions in the United Kingdom, rest of the Europe, and internationally. The company operates through two segments, Residential …
JHD.L James Halstead plc manufactures and supplies flooring products for commercial and domestic uses in the United Kingdom, rest of Europe, Scandinavia, Australasia, Asia, and internationally. The company offers its products …
LIAB.ST Lindab International AB (publ) develops, manufactures, markets, distributes, and sells products and system solutions for construction and improved indoor climate. The company operates through three segments: Ventilation Systems, Profile Systems, …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
2.35$
Current Price
2.35$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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