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Norcros plcNXR.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Industrials›Building Products
Momentum weak 26
Mkt cap
$356M
US dollars, full cap
Free float
94%
of shares outstanding
$/day
$321,416
20-day average traded
Fwd P/E
7.7×
forward earnings
ROIC−WACC
-5.4 pp
WACC 11.0%
Hurdle
+9 pp
Req g minus delivered
Next earnings
13 days
19 Nov 2026
Close · GBP£294.00
1D-4.8%
1W-2.0%
1M+0.7%
3M-9.5%
6M0.0%
YTD-12.2%
1Y+1.4%
ATR %3.9%
52w lowhigh21.4% off high

What Norcros does

No business profile yet.

Norcros at a glance

Size Norcros (NXR.L) is a United Kingdom Industrials company (Building Products) with a market value of $356M, the 338th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £294.00 on 6 Nov 2026.

Performance Over six months the shares was unchanged, against -18.6% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 6.9% over the last twelve months (peer median -3.0%); the operating margin is 5.6% (peer median 3.3%).

Valuation It trades at 7.7× forward earnings against a peer median of 17.4× (cheapest of 7).

Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 5.4 points below its cost of capital (11.0% WACC).

Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026NXR.L 100Peer median 82
Six months, rebased to 100: Norcros against the median of its 20 peers (local-currency closes).

Norcros financials

Reported figures in GBP; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£393M£393M£356M£392M£441M
Revenue growth—+11%-9%-11%—
Gross profitn/a£182M£158M£165M£169M
EBITDA£41.1M£56.1M£29.6M£53.3M£54.5M
Net income£300,000£300,000£3.50M£26.8M£16.8M
Free cash flow£25.5M£25.5M£11.6M£29.3M£18.5M
Capital expenditure£6.80M£6.80M£6.90M£7.30M£6.00M
Total debtn/a£129M£80.1M£90.3M£104M

Quarterly statements and history in the cockpit →

Norcros competitor charts

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.

Performance: 6-month against 1-month return

-20%0%+20%+40%-30%-20%-10%0%002722GREENPLY002084301083603578002652003011VIB3ARBN6033213010560000550026896226002162FMM-B3009310029185VSNXR.L6-month return →1-month return →
Up and to the right = strong over both horizons. Norcros is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%10×20×002722GREENPLY0030116226FMM-B002918NXR.LRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Norcros is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%002722GREENPLY002084301083603578003011VIB3301056000055002689002162FMM-B3009310029185VSNXR.LGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Norcros is the large dot.

Norcros competitors and peer comparison

How Norcros compares with its peers

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.

Norcros against its 20 peers (data as of 6 Nov 2026)
MeasureNXR.LPeer medianRank in peer set
1-month return+0.7%-13.6%3rd highest of 21
6-month return0.0%-18.6%4th highest of 20
Distance from 52-week high-21.4%-37.6%5th highest of 21
Revenue growth (TTM)+6.9%-3.0%7th highest of 20
Operating margin5.6%3.3%7th highest of 20
Forward P/E7.7×17.4×cheapest of 7
Growth the price implies (Req g, 7 yrs)12.7%11.7%8th most demanding of 16
Growth delivered (Del g)+3.9%+0.6%7th highest of 16
Hurdle (Req g minus delivered)+8.7 pp+10.7 pp8th least demanding of 16
ROIC minus cost of capital-5.4 pp-3.8 pp9th lowest of 19
EV / EBITDA8.8×11.7×3rd cheapest of 10
Net debt / EBITDA2.4×1.1×5th most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Norcros NXR.LUnited Kingdom$356M0%+7%6%7.7×12.7%+3.9%
Wuchan Zhongda Geron 002722.SZChina$353M-22%+13%4%12.4×1.1%+0.4%
Greenply Industries GREENPLY.NSIndia$352M0%+17%8%19.5×29.4%+18.6%
Guangzhou Seagull Kitchen and Bath Products 002084.SZChina$375M+10%-11%-3%n/a-0.3%-4.7%
JiangXi BaiSheng Intelligent Technology 301083.SZChina$337M-28%-3%-1%n/a29.4%-6.8%
Zhejiang Three Stars New Materials 603578.SSChina$335M-30%+1%-13%n/a45.5%+21.8%
Varmora Granito VARMORA.NSIndia$331Mn/an/an/an/an/an/a
Suzhou Yangtze New Materials 002652.SZChina$328M-28%+32%-1%n/an/an/a
Zhejiang Walrus New Material 003011.SZChina$325M-29%-9%8%10.9×11.7%-0.3%
Villeroy & Boch AG Pref VIB3.DEGermany$323M-33%-11%3%n/a1.8%+12.6%
Arbonia ARBN.SWSwitzerland$322M-4%+9%-1%n/an/an/a
Zhejiang Meilun Elevator 603321.SSChina$320M-21%-10%0%n/an/an/a
Sicher Elevator 301056.SZChina$418M-26%-6%10%n/a20.5%+0.6%
China Fangda 000055.SZChina$422M-5%-15%-5%n/a4.9%+2.4%
Shenyang Yuanda Intellectual Industry 002689.SZChina$437M-22%+11%4%n/a23.5%+8.3%
Moriya Transportation Engineering and Manufacturing 6226.TJapan$448M-4%+20%26%15.4×n/an/a
Everjoy Health 002162.SZChina$502M-19%-2%2%n/a29.9%-2.3%
FM Mattsson FMM-B.STSweden$516M+45%+6%10%24.7×0.9%+5.1%
General Elevator 300931.SZChina$526M-5%-16%-19%n/a38.0%-1.5%
Monalisa 002918.SZChina$553M-17%-7%3%26.1×3.2%-4.2%
Hafary 5VS.SISingapore$214M+37%-4%13%n/a-2.4%+27.8%

Questions

Which companies are Norcros's closest peers?
The cockpit's peer set: Wuchan Zhongda Geron (002722.SZ), Greenply Industries (GREENPLY.NS), Guangzhou Seagull Kitchen and Bath Products (002084.SZ), JiangXi BaiSheng Intelligent Technology (301083.SZ), Zhejiang Three Stars New Materials (603578.SS), Varmora Granito (VARMORA.NS), Suzhou Yangtze New Materials (002652.SZ), Zhejiang Walrus New Material (003011.SZ).
Is Norcros expensive compared with its peers?
On forward p/e it trades at 7.7× against a peer median of 17.4×, cheapest of 7 in its peer set. For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Norcros stock performed?
Over six months to 6 Nov 2026 the shares returned 0.0% against -18.6% for the median peer; over one year +1.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.