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Norcros plc (NXR) Fair Value & Analysis

Industrials · GB · Market cap 266M GBX

NP Norcros plc NXR · LSE
Price£3.04
Fair Value£0.8200
Upside-73.0%
Quality53/100
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Evidence: High Range £0.6100 – £1.02

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 9 days ago

Fair value updated Jun 24, 2026 — revised from £0.8600 to £0.8200 (−4.7%) since Jun 23, 2026. Share price +4.2% over the past month.

Price vs Fair Value (12 months)

£3.70 £2.52 Fair Value £0.8200 Jul 2025 Jul 2026

12‑month range £2.52 – £3.70 · fair‑value band £0.6100 – £1.02 · the £3.04 price screens above the £0.8200 fair value. As of Jun 24, 2026.

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Analysis

Norcros plc (NXR) currently trades at £3.04, while our model-based Fair Value estimate is £0.8200 — implying the stock looks roughly 73.0% overvalued today. We read business quality at 53/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Norcros plc generated revenue of £371M at a net margin of 3.4%. Revenue grew 1.3% year over year. It earns a return on equity of 9.8%. Net debt stands at £57.4M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 371M GBX
Revenue growth (YoY) +1.3%
Net margin 3.4%
Return on equity 9.8%
Free cash flow 11.6M GBX FY2025
P/E ratio 13.5
More key figures
Operating margin 11.2%
EPS (TTM) £0.2200
Dividend yield 3.7%
EPS growth (YoY) -31.7%
Net debt 57.4M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Norcros plc, together with its subsidiaries, designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa. The company offers electric and mixer showers under the Triton brand; shower enclosures and trays under the MERLYN brand for residential, commercial, and hospitality sectors; panelling solutions under the Grant Westfield brand; brassware ta[s, mixer showers, and accessories under the VADO brand; bathroom accessories under the Croydex brand; and kitchen taps, sinks, brassware, and instant hot water taps under the Abode brand. It also provides tiles, adhesives, sanitaryware, and bathroom fittings under the Tile Africa brand; plumbing materials under the House of Plumbing brand; tile adhesives, pourable floor coverings, and tiling tools under the TAL brand; and ceramic walls and floor tiles under the Johnson Tiles brand. The company serves consumers, architects, designers, developers, retailers, and wholesalers. Norcros plc was incorporated …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Norcros plc reported revenue of £368M in FY2025 versus £324M in FY2021, a compound +3.2%/yr. Reported net income was £3.5M in FY2025, compounding −30.5%/yr from FY2021.

Revenue +3.2%/yr
FY21 £324M
FY22 £396M
FY23 £441M
FY24 £392M
FY25 £368M
Net income −30.5%/yr
FY21 £15.0M
FY22 £25.7M
FY23 £16.8M
FY24 £26.8M
FY25 £3.5M

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6 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Trane Technologies plc TT $449.12 $197.87 -56%
Johnson Controls International plc JCI $139.36 $41.08 -71%
Carrier Global Corporation CARR $68.54 $16.53 -76%
Compagnie de Saint-Gobain S.A CODGF $89.95 $114.91 +28%
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Frequently asked questions

Is Norcros plc (NXR) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £0.8200 versus a price of £3.04 — about −73% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NXR?
Our model-based fair value for Norcros plc is £0.8200 (as of Jun 24, 2026), built from audited fundamentals. The current price is £3.04.
What is the quality score of NXR?
Norcros plc has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Norcros plc (NXR)?
Norcros plc reported trailing-twelve-month revenue of about £371M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of NXR?
The net profit margin of Norcros plc is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.
Does Norcros plc pay a dividend?
Norcros plc currently shows a dividend yield of about 3.66% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.