Norcros - Edison Group

Overview
Price performance
Financials
Research
Thematics

Edison Investment Research is terminating coverage on Norcros (NXR). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Latest Insights

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Industrials |
Update

14.06.24

Norcros — Robust performance, improving outlook

Industrials |
Update

28.05.24

Norcros — Vast opportunity and new targets revealed

Industrials |
Flash note

25.04.24

Norcros — Sale of Johnson Tiles UK agreed

Industrials |
Flash note

12.04.24

Norcros — FY24 trading in line with expectations

Sector

Industrials

Balance Sheet

Forecast net debt (£m)

27.3

Forecast gearing ratio (%)

12

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	14.6	35.2	48.0
Relative	13.4	28.5	33.9
52 week high/low	238.0p/135.5p

Financials

Edison Investment Research is terminating coverage on AGBA (AGBA) and Norcros (NXR). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Previously published reports can still be accessed via our website.

Y/E Mar	Revenue (£m)	EBITDA (£m)	PBT (£m)	EPS (fd) (p)	P/E (x)	P/CF (x)
2023A	441.0	52.3	41.5	40.89	5.8	4.0
2024A	392.1	47.5	35.9	33.51	7.0	4.4
2025E	364.7	49.8	36.5	31.53	7.5	4.2
2026E	369.4	50.4	37.7	32.49	7.3	4.2

Research

Update

Industrials

20.07.22

Norcros — Key strengths undervalued, legacy issues fixed

norcros03

Update

Industrials

17.05.22

Norcros — Broadening the UK bathroom product offering

Industrials

Update

Norcros — Well placed to gain market share

Update

Industrials

21.04.22

Norcros — Record revenue and EBIT in FY22

Update

Industrials

20.12.21

Norcros — Delivering progress

Update

Industrials

18.10.21

Norcros — Sure-footed progress

Update

Industrials

19.04.21

Norcros — FY21 profitability exceeds prior year

Update

Industrials

07.04.21

Norcros — Momentum maintained

norcros03

Update

Industrials

05.03.21

Norcros — Revenue rebound has accelerated in H2

Update

Industrials

21.12.20

Norcros — Resilient business performance

Update

Industrials

19.10.20

Norcros — Plenty of positives in Q2

Update

Industrials

03.08.20

Norcros — Clear trading recovery seen

Update

Industrials

03.07.20

Norcros — Adapting to changing markets

Update

Industrials

02.04.20

Norcros — FY20 outturn affected by COVID-19

norcros03

Update

Industrials

27.02.20

Norcros — Overseas challenges reduce estimates

Update

Industrials

02.12.19

Norcros — Strength in diversity

Update

Industrials

18.10.19

Norcros — Maintaining forward progress

Update

Industrials

09.08.19

Norcros — On track for expected progress in FY20

Update

Industrials

26.04.19

Norcros — Making good organic and acquisitive progress

Update

Industrials

18.12.18

Norcros — Growing and investing

norcros03

Update

Industrials

18.10.18

Norcros — Positive progress in H1

Update

Industrials

30.07.18

Norcros — Good start to the year

Update

Industrials

29.06.18

Norcros — Explicit growth aspirations

Update

Industrials

02.01.18

Norcros — Organic and acquisitive earnings growth

Outlook

Industrials

31.08.17

Norcros — Re-rating potential

Update

Industrials

18.04.17

Norcros — Solid H2 performance

norcros03

research

Industrials

12.12.16

Norcros — Update 12 December 2016

Update

Industrials

22.04.16

Norcros — Update 22 April 2016

thematic

Industrials

27.02.23

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