Financials Norcros plc

Equities

Market Closed - London S.E. Other stock markets 11:35:14 2024-05-24 am EDT			5-day change	1st Jan Change
228 ^GBX	+3.17%		+6.05%	+18.75%

May. 24	Norcros appoints Rebecca DeNiro as non-executive director	AN
May. 24	Norcros plc Appoints Rebecca DeNiro as Independent Non-Executive Director, Effect From 1 July 2024	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	153.9	101.1	216.7	209.1	166.1	204.3	-	-
Enterprise Value (EV) ¹	188.9	137.5	230.4	224.5	240.7	261.7	263	252.9
P/E ratio	8.01 x	9.3 x	14.4 x	8.27 x	9.89 x	27.7 x	9.92 x	9.4 x
Yield	4.39%	2.47%	3.06%	3.88%	5.48%	4.48%	4.52%	4.65%
Capitalization / Revenue	0.46 x	0.3 x	0.67 x	0.53 x	0.38 x	0.52 x	0.54 x	0.53 x
EV / Revenue	0.57 x	0.4 x	0.71 x	0.57 x	0.55 x	0.66 x	0.69 x	0.66 x
EV / EBITDA	4.57 x	3.56 x	6.08 x	4.95 x	4.77 x	5.39 x	5.37 x	4.98 x
EV / FCF	8.11 x	6.49 x	4.56 x	24.4 x	13 x	12 x	15.1 x	12.9 x
FCF Yield	12.3%	15.4%	21.9%	4.1%	7.69%	8.37%	6.6%	7.76%
Price to Book	-	0.97 x	1.46 x	1.04 x	0.78 x	0.95 x	0.91 x	0.85 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	2.280	2.280	2.280
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	396.2	379.9	385.7
EBITDA ¹	41.3	38.6	37.9	45.4	50.5	48.56	49.01	50.82
EBIT ¹	34.4	32.3	33.8	41.8	47.3	42.66	43.17	45.02
Operating Margin	10.39%	9.44%	10.43%	10.55%	10.73%	10.77%	11.36%	11.67%
Earnings before Tax (EBT) ¹	25.4	15	18.5	33	21.7	17.84	27.65	29.44
Net income ¹	19.4	10.9	15	25.7	16.8	12.3	20.27	21.62
Net margin	5.86%	3.19%	4.63%	6.48%	3.81%	3.1%	5.33%	5.61%
EPS ²	0.2390	0.1350	0.1860	0.3120	0.1880	0.0823	0.2297	0.2426
Free Cash Flow ¹	23.3	21.2	50.5	9.2	18.5	21.9	17.36	19.63
FCF margin	7.04%	6.2%	15.58%	2.32%	4.2%	5.53%	4.57%	5.09%
FCF Conversion (EBITDA)	56.42%	54.92%	133.25%	20.26%	36.63%	45.1%	35.42%	38.63%
FCF Conversion (Net income)	120.1%	194.5%	336.67%	35.8%	110.12%	178.05%	85.66%	90.81%
Dividend per Share ²	0.0840	0.0310	0.0820	0.1000	0.1020	0.1021	0.1030	0.1060
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	57.4	58.7	48.6
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.8475 x	0.943 x	0.3615 x	0.3392 x	1.477 x	1.183 x	1.197 x	0.9563 x
Free Cash Flow ¹	23.3	21.2	50.5	9.2	18.5	21.9	17.4	19.6
ROE (net income / shareholders' equity)	16.8%	19.8%	19.9%	18.1%	16.3%	7.39%	11.5%	10.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	0.76%	5.27%	5.69%
Assets ¹	-	-	-	-	-	1,611	384.3	379.9
Book Value Per Share ²	-	1.300	1.840	2.480	2.390	2.400	2.500	2.670
Cash Flow per Share ²	0.3600	-	0.6600	0.1800	-	0.3600	0.3100	0.3600
Capex ¹	5.6	4.8	2.8	5.4	6	8.2	9.08	8.75
Capex / Sales	1.69%	1.4%	0.86%	1.36%	1.36%	2.07%	2.39%	2.27%
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

2.28 GBP

Average target price

3.09 GBP

Spread / Average Target

+35.53%

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