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NXR Norcros Plc

277.00
3.00 (1.09%)
Share Name Share Symbol Market Type Share ISIN Share Description
Norcros Plc LSE:NXR London Ordinary Share GB00BYYJL418 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  3.00 1.09% 277.00 1,392,510 13:28:41
Bid Price Offer Price High Price Low Price Open Price
273.00 277.00 277.00 277.00 277.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ceramic Wall And Floor Tile 392.1M 26.8M 0.2984 9.28 246.1M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:25:36 O 200,000 275.00 GBX

Norcros (NXR) Latest News

Norcros (NXR) Discussions and Chat

Norcros Forums and Chat

Date Time Title Posts
17/6/202508:53Time to take a shower in Norcros shares.3,649
26/11/202412:31INVESTOR PRESENTATION TODAY AT 3:15PM -
21/6/201619:19Norcros plc NXR144
27/2/200822:05Do they make RAIN showerheads ? !20

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Norcros (NXR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:25:37275.00200,000550,000.00O
12:25:31275.00300,000825,000.00O
12:25:23275.0050,000137,500.00O
12:25:19275.00400,0001,100,000.00O
11:20:39276.4010,00027,640.00O

Norcros (NXR) Top Chat Posts

Top Posts
Posted at 19/6/2025 09:20 by Norcros Daily Update
Norcros Plc is listed in the Ceramic Wall And Floor Tile sector of the London Stock Exchange with ticker NXR. The last closing price for Norcros was 274p.
Norcros currently has 89,818,983 shares in issue. The market capitalisation of Norcros is £248,798,583.
Norcros has a price to earnings ratio (PE ratio) of 9.28.
This morning NXR shares opened at 277p
Posted at 17/6/2025 08:08 by edmonda
Norcros FY25 results showed strategic actions are working. With leading market positions + strong balance sheet, new note from Equity Development says it has good scope for both organic and acquisitive growth.
ED fair value rises to 300p/share from 254p – free access to full note here:


CEO and CFO are hosting a webinar on results and outlook at 2pm tomorrow Wed 18th. All investors are welcome, simply register here:
Posted at 13/6/2025 10:54 by pj84
Shore Capital: Key concerns alleviated at Norcros

Full-year results from Norcros (NXR) prove the shares are worthy of a much higher valuation, notes Shore Capital.

Analyst Tom Fraine maintained a ‘buy’ recommendation on the company, which describes itself as the UK and Ireland’s number one bathroom products group, but also derives about 30% of its revenue from southern Africa.

‘Key investor concerns have recently alleviated, with the strategic review of Johnson Tiles South Africa close to completion, and pension contributions ending within two years,’ said Fraine.

The analyst said the current valuation, trading at 8.1 times estimated earnings for the next year, ‘fails to recognise Norcros’s resilient operating performance over recent years, particularly given the scope for a market recovery to drive materially higher earnings’.

Fraine is clearly more optimistic than the wider market, with Norcros shares falling 6.2% on Thursday morning to trade at 251p.
Posted at 12/6/2025 13:46 by rmillaree
Its a fact of life that for tyhe last 5 years at least - NXR has traded mostly on p/e of below 8 (often closer to 6) - with the slightly tepid update factored in.

trying to be more positive broker updates i have show expectations of 32.5p eps for new year - that is an increase compared to then 2025 number of 30.7p.
perhaps that just losing the losses of Johnsons rather than anything particularly positive.
so i dont blame anyone for moving onto something that might do better short term.

Persoanlly i think with increasing eps reducing debt reducing pension issues and possibilities of boost from acquisition i think p/e of 8 is still undemanding enough for me particulalry as i trust managemengemt
Posted at 12/6/2025 08:59 by rmillaree
i would agree its all very anaemic and start to the year is depressing ref lfl numbers - its only small period though and drop is small and they have confirmed they aqre on target. all the relevant coists and w/offs have been previously flagged - so its very much business as usual here - albeit i would have liked a "better start to the year" - alwsays better if expectations are they will upgrade in year rather than downgrade. NXR are pretty reliable though and play a straight bat - so they dont generally over promise.

sweeping the bad stuff under the carpet we do have some good news

record uk underlying numbers
margins heading in right direction
roce heading in tehn right direction - pivoting towards capital light is good news.
debt coming down nicely - that wil reduce finance costs and provide ammunition for acquisitions
pension payments stop 2027 (that may be temporary)]
another £17 mill drop in pension scheme liabilities - the more the scheme liabilities drop - the lower the chances are scheme assets may show material shortfall ref their returns.
they seem be doing ok behind teh scenes modernising - eg warehouses in uk down from 25 to 16 - that still seems a high number but may make sense.

they are very much working their behinds of to go nowhere but at least the core uk business model isnt broken - and perhaps may ahve never been better places - even if profit increases arent easy to come by. i think moving away from individual tiles (hard work) to large panels - show they can get the basics right. tiles arent ever going to go away - but larger panles are much less hard work - and can get nice shiny new feel without the hassle.

i cant see anyone getting excited with this share but i will continue to hold for now and pick up my 4%
Posted at 11/4/2025 21:51 by pj84
Nice to have some positive news in the current turmoil caused by Trump's tariffs



Norcros poised for recovery, says Berenberg

Bathroom supplies group Norcros (NXR) has a navigated subdued environment and will benefit from a recovery when it arrives, says Berenberg.

Analyst Robert Chantry retained his ‘buy’ recommendation and target price of 350p on the stock, which was trading up 6.3% on Thursday morning at 211p and has increased 20% over the past 12 months.

A trading update for the full year to March was in line with market expectations, and the group delivered 0.8% like-for-like growth despite the ‘tough market backdrop’, with the UK trading in particular ‘benefiting from exposure to the more resilient mid-premium part of the market’.

‘Group adjusted Ebit margins also show ongoing improvement,’ said Chantry.

‘Norcros has navigated the current subdued markets well, and remains well positioned for an uptick in end-market demand, as and when it arrives.’
Posted at 14/3/2025 13:05 by shbgetreal
(hxxps://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=7357787&lang=en-GB&companycode=uk-nxr&v=r2024)

Norcros expects annual cash contributions to legacy DB scheme to be less than £1m pa from June 2027, down from £3.8m pa.
Posted at 26/11/2024 14:39 by edmonda
There has been no change to NXR strategy or targets set at the time of the Capital Markets Day. As you can hear from Thomas and James themselves, who are also hosting an ED webinar tomorrow morning , Wed 27th, with a 10am start. All are welcome, and it will be recorded.

To attend, just register here:
Posted at 25/11/2024 15:12 by edmonda
"Steady H1, building for the future"

Continuing businesses delivered H125 revenues, in line with last year’s comparator. Underlying profitability was also similar prior to costs taken above the line from a couple of discrete actions in the period. Net debt rose to 1x EBITDA, being in line with H124, and the company’s strong balance sheet position allowed it to absorb short-term working capital movements. Management expectations are unchanged and Norcros remains keenly focused on delivering strategic progress to achieve targets set out in May.

The Norcros share price has substantially out-performed the FTSE All-Share Index YTD. Nevertheless, across our estimate horizon, Norcros still sits on valuation discounts to its peer group averages ranging from 40-50% on a P/E basis and 25-30% for EV/EBITDA whilst offering a 25% dividend yield premium. We believe that sector sentiment will improve and this will support share price progress generally but Norcros offers more than cyclical recovery in our view. As strategic action outcomes become more apparent (e.g. in EBIT margins) we would expect to see further share price outperformance for Norcros. Under our DCF approach, the current share price is equivalent to ‘steady state’ EBITDA of c£63m; so some progress beyond our FY27E estimate is being factored in but not yet the higher potential levels that we have highlighted previously.

Link to research report:
Posted at 25/11/2024 10:45 by pj84
Buy’ Norcros, says Berenberg

Bathroom supplies group Norcros (NXR) is succeeding in gaining share in a difficult market and Berenberg says it can manage the downturn well.

Analyst Robert Chantry retained his ‘buy’ recommendation and target price of 325p on the stock, which fell 8.6% to 245.6p last week following first-half results.

Chantry said they were ‘consistent with the commentary and guidance given at the first half trading update on 10 October’.

‘Revenue is effectively in line with the prior year on a constant currency like-for-like basis, while underlying operating profit at £19.7m is slightly ahead of the guidance in that trading update,’ he said.

‘As such, the company expects full-year underlying operating profit to be in line with market expectations.’

Chantry said the company is expecting to make 54% of its profit in the second half, which ‘assumes the subdued market conditions continue for the rest of the year’.

‘We leave our numbers unchanged and remain of the view that the business can manage the current downturn well, take share, improve margins and look to consolidate parts of the end-market in time,’ he said.
Posted at 10/10/2024 10:47 by edmonda
"Steering a steady course in H1'25"

Norcros’ H1'25 pre-close statement infers that headline trading in Q2 was similar to Q1, leaving group revenue flat overall y-o-y for continuing businesses. On the same basis, while profitability looks to be slightly lower - which may reflect mix effects - company expectations for the full year are unchanged.

While easing inflation and interest rates have been welcomed in Norcros’s primary markets, any significant pick-up in economic activity is still pending as new governments bed in in both cases. H125 LFL revenues nudged ahead in the UK (continuing operations +1%) and declined modestly in South Africa (-2% at constant currency) giving a flat y-o-y performance at group level, excluding the exited Johnson Tiles UK and Norcros Adhesive businesses.

Our expectation is that management will report more fully on strategic actions taken to date with the H124 results. The completion of Vado’s warehouse consolidation moves and streamlining Grant Westfield’s distribution are two examples of positioning these businesses for growth with more efficient service platforms and greater alignment in these areas across operating companies.

We make no changes to our estimates or fair value ahead of the H1 results due out in November. As before, we believe that translating strategy into enhanced earnings growth can be the catalyst for generating share price upside that could be well in excess of our current fair value of 253.5p / share.

Link to research:
Norcros share price data is direct from the London Stock Exchange

Norcros Frequently Asked Questions (FAQ)

What is the current Norcros share price?
The current share price of Norcros is 277.00p
How many Norcros shares are in issue?
Norcros has 89,818,983 shares in issue
What is the market cap of Norcros?
The market capitalisation of Norcros is GBP 246.1M
What is the 1 year trading range for Norcros share price?
Norcros has traded in the range of 185.00p to 283.00p during the past year
What is the PE ratio of Norcros?
The price to earnings ratio of Norcros is 9.28
What is the cash to sales ratio of Norcros?
The cash to sales ratio of Norcros is 0.63
What is the reporting currency for Norcros?
Norcros reports financial results in GBP
What is the latest annual turnover for Norcros?
The latest annual turnover of Norcros is GBP 392.1M
What is the latest annual profit for Norcros?
The latest annual profit of Norcros is GBP 26.8M
What is the registered address of Norcros?
The registered address for Norcros is LADYFIELD HOUSE, STATION ROAD, WILMSLOW, CHESHIRE, SK9 1BU
What is the Norcros website address?
The website address for Norcros is www.norcros.com
Which industry sector does Norcros operate in?
Norcros operates in the CERAMIC WALL AND FLOOR TILE sector

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