# Norcros plc (NXR.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Building Products. Price 319p, market value 285 millionp.

## Valuation
- **P/E (trailing): 29.0×**. Norcros plc trades at 29.0× trailing earnings. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 7.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.3×**. Enterprise value is 4.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 13.0%** (5-yr avg 0.1%). Free cash flow equals 13.0% 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: 3.4%**. The inverse of the P/E: 3.4% of the price is earned each year.

## Profitability
- **Gross margin: 100.0%**. Norcros plc keeps 100.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 4.0%**. 4.0% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 0.1%**. 0.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 0.2%**. 0.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.4%**. Return on all capital, debt included, is 8.4%.
- **Return on assets: 0.9%**. Each dollar of assets produces 0.9% of profit.

## Growth
- **Revenue growth (1 yr): 6.9%** (3-yr -3.7%/yr, 5-yr 3.9%/yr). Revenue grew 6.9% over the last year, against 3.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -91.5%** (3-yr -74.1%/yr, 5-yr -55.5%/yr). Earnings per share fell 91.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 11.3%/yr**. Free cash flow has compounded at 11.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.65**. Debt is 0.65 times equity, moderate leverage.
- **Net debt / EBITDA: 1.1×**. It would take 1.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.1×**. Operating profit covers interest 2.1×, thin but manageable.
- **Current ratio: 1.92** (quick 1.09). Current assets cover the next year's liabilities 1.92 times.
- **Altman Z-score: 2.72**. A Z-score of 2.72 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.65%** (0p per share, trailing). Norcros plc yields 3.65%, an income-level yield.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Shareholder yield: 4.3%**. Dividends plus net buybacks return 4.3% of the market value a year.

## Price and momentum
- **Total return (1 yr): 20.9%** (YTD -4.8%, 3-mo 15.2%). The shares are up 20.9% over twelve months including dividends.
- **From 52-week high: -14.7%** (26.6% above the low). Trading 15% 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): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.78** (volatility 37%). Beta of 0.78 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.