# Luceco plc (LUCE.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Electrical Equipment. Price 227p, market value 334 millionp.

## Valuation
- **P/E (trailing): 17.5×** (5-yr avg 1388.0×, 3-yr avg 1164.9×). Luceco plc trades at 17.5× trailing earnings, well below its own five-year average of 1388.0×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 11.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.32**. A PEG of 0.32 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 3.3×**. The shares trade at 3.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.1×**. Enterprise value is 5.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.9%** (5-yr avg 0.1%). Free cash flow equals 12.9% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.7%**. The inverse of the P/E: 5.7% of the price is earned each year.

## Profitability
- **Gross margin: 40.5%**. Luceco plc keeps 40.5% of revenue after the direct cost of what it sells.
- **Operating margin: 10.7%**. 10.7% of revenue is left after running the business.
- **Net margin: 7.5%**. 7.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 19.5%**. 19.5% on shareholders' equity is solid.
- **Return on invested capital: 27.0%**. Return on all capital, debt included, is 27.0%: comfortably above what that capital costs.
- **Return on assets: 13.9%**. Each dollar of assets produces 13.9% of profit.

## Growth
- **Revenue growth (1 yr): 11.9%** (3-yr 9.6%/yr, 5-yr 9.0%/yr). Revenue grew 11.9% over the last year, against 9.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 37.3%** (3-yr 22.9%/yr, 5-yr -6.3%/yr). Earnings per share rose 37.3%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 3.5%/yr**. Free cash flow has compounded at 3.5% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.61**. Debt is 0.61 times equity, moderate leverage.
- **Net debt / EBITDA: 0.8×**. It would take 0.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.8×**. Operating profit covers interest 5.8× over, a safe margin.
- **Current ratio: 1.90** (quick 1.12). Current assets cover the next year's liabilities 1.90 times.
- **Altman Z-score: 3.75**. A Z-score of 3.75 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 2.74%** (0p per share, trailing). Luceco plc yields 2.74%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 38%** (35% of free cash flow). 38% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 9.8%/yr** (1-yr 4.1%). The dividend has grown 9.8% a year over five years.
- **Shareholder yield: 5.7%**. Dividends plus net buybacks return 5.7% of the market value a year.

## Price and momentum
- **Total return (1 yr): 87.7%** (YTD 67.7%, 3-mo -18.1%). The shares are up 87.7% over twelve months including dividends.
- **From 52-week high: -22.2%** (86.1% above the low). Trading 22% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 1.08** (volatility 41%). Beta of 1.08 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=LUCE.L · Page: https://foliofundamentals.com/stocks/luce.l

Not investment advice.