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Employees: 2,098
Size Luceco (LUCE.L) is a United Kingdom Information Technology company (Electronic Equipment/Instruments) with a market value of $403M, the 325th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £194.50 on 6 Nov 2026.
Performance Over six months the shares fell 16.2%, against -25.4% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 11.5% over the last twelve months (peer median +7.3%); the operating margin is 11.0% (peer median 8.3%).
Valuation It trades at 10.8× forward earnings against a peer median of 13.5× (4th cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points above its cost of capital (10.6% WACC).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £288M | £271M | £242M | £209M | £206M |
| Revenue growth | — | +12% | +16% | +1% | — |
| Gross profit | £118M | £112M | £94.1M | £79.4M | £71.4M |
| EBITDA | £44.2M | £46.0M | £33.7M | £31.5M | £27.9M |
| Net income | £20.6M | £20.3M | £14.6M | £16.7M | £11.0M |
| Free cash flow | £19.4M | £33.4M | £5.60M | £19.8M | £31.8M |
| Capital expenditure | £10.0M | £8.70M | £7.90M | £8.20M | £5.80M |
| Total debt | n/a | £63.2M | £79.2M | £27.4M | £34.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LUCE.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.7% | -17.4% | 3rd highest of 21 |
| 6-month return | -16.2% | -25.4% | 7th highest of 20 |
| Distance from 52-week high | -33.4% | -45.4% | 4th highest of 21 |
| Revenue growth (TTM) | +11.5% | +7.3% | 10th highest of 21 |
| Operating margin | 11.0% | 8.3% | 9th highest of 21 |
| Forward P/E | 10.8× | 13.5× | 4th cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 7.8% | 13.1% | 5th least demanding of 14 |
| Growth delivered (Del g) | +9.0% | +3.7% | 5th highest of 14 |
| Hurdle (Req g minus delivered) | -1.2 pp | -1.5 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | +2.5 pp | -1.9 pp | 4th highest of 20 |
| EV / EBITDA | 8.5× | 13.5× | 4th cheapest of 8 |
| Net debt / EBITDA | 1.7× | -1.0× | 3rd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Luceco LUCE.L | United Kingdom | $403M | -16% | +11% | 11% | 10.8× | 7.8% | +9.0% |
| Shanghai Sk Petroleum & Chemical Equipment 002278.SZ | China | $404M | -31% | +2% | 6% | n/a | 13.7% | +3.7% |
| Ceyear Technologies 301689.SZ | China | $411M | n/a | +17% | 13% | n/a | n/a | n/a |
| Hangzhou Everfine Photo-E-Info 300306.SZ | China | $394M | -23% | -3% | 10% | n/a | 11.2% | +0.2% |
| DI Corporation 003160.KS | South Korea | $415M | -25% | +40% | 21% | 9.4× | -11.4% | +21.6% |
| Red Phase 300427.SZ | China | $391M | -53% | +13% | -15% | n/a | 36.9% | -13.7% |
| SKS Technologies SKS.AX | Australia | $420M | -40% | +33% | 11% | 14.0× | 13.1% | +57.8% |
| A&D HOLON Holdings Company 7745.T | Japan | $420M | -15% | +2% | 12% | 12.5× | 4.7% | +7.4% |
| Exicon 092870.KS | South Korea | $383M | +13% | +273% | 11% | 36.9× | n/a | n/a |
| C.C.P. Contact Probes 6217.TWO | Taiwan | $383M | -63% | +26% | -3% | 24.3× | n/a | n/a |
| SmartGen (Zhengzhou) Technology 301361.SZ | China | $380M | -19% | +22% | 27% | n/a | 9.0% | +10.6% |
| Xingyuan Environment Technology 300266.SZ | China | $378M | -33% | -27% | -22% | n/a | n/a | n/a |
| Global PMX 4551.TW | Taiwan | $430M | -13% | +6% | 13% | 9.8× | -9.8% | +1.8% |
| Beijing Beetech 300667.SZ | China | $435M | -26% | +8% | -12% | 64.4× | 29.1% | -0.3% |
| Hangzhou Huaxing Chuangye Communication Technology 300025.SZ | China | $373M | -15% | -16% | -24% | n/a | 36.0% | -6.5% |
| Shanghai Zizhu High-Tech Science And Technology 002058.SZ | China | $437M | -22% | +159% | 12% | n/a | 20.7% | +34.5% |
| NEOSEM 253590.KS | South Korea | $369M | -37% | -31% | 5% | 13.0× | n/a | n/a |
| Beijing Labtech Instruments 688056.SS | China | $368M | -1% | 0% | 5% | 66.2× | 34.7% | +2.8% |
| Nagano Keiki 7715.T | Japan | $364M | +1% | +2% | 11% | 8.1× | -0.4% | +8.6% |
| Shenzhen Bestek Technology 300822.SZ | China | $448M | -37% | -19% | -6% | n/a | n/a | n/a |
| Beijing AriTime Intelligent Control 600560.SS | China | $359M | -26% | +33% | 4% | n/a | n/a | n/a |