Norcros Plc
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 sho… Read more
Norcros Plc (NXR) - Net Assets
Latest net assets as of September 2025: GBX202.50 Million GBX
Based on the latest financial reports, Norcros Plc (NXR) has net assets worth GBX202.50 Million GBX as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX377.50 Million) and total liabilities (GBX175.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX202.50 Million |
| % of Total Assets | 53.64% |
| Annual Growth Rate | N/A |
| 5-Year Change | 40.09% |
| 10-Year Change | 336.76% |
| Growth Volatility | 26.93 |
Norcros Plc - Net Assets Trend (2005–2025)
This chart illustrates how Norcros Plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Norcros Plc (2005–2025)
The table below shows the annual net assets of Norcros Plc from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX207.90 Million | -6.52% |
| 2024-03-31 | GBX222.40 Million | +5.70% |
| 2023-03-31 | GBX210.40 Million | +5.04% |
| 2022-03-31 | GBX200.30 Million | +34.97% |
| 2021-03-31 | GBX148.40 Million | +42.15% |
| 2020-03-31 | GBX104.40 Million | -16.95% |
| 2019-03-31 | GBX125.70 Million | +20.17% |
| 2018-03-31 | GBX104.60 Million | +84.81% |
| 2017-03-31 | GBX56.60 Million | +18.91% |
| 2016-03-31 | GBX47.60 Million | -9.68% |
| 2015-03-31 | GBX52.70 Million | -19.54% |
| 2014-03-31 | GBX65.50 Million | +6.33% |
| 2013-03-31 | GBX61.60 Million | -13.36% |
| 2012-03-31 | GBX71.10 Million | -10.45% |
| 2011-03-31 | GBX79.40 Million | +11.52% |
| 2010-03-31 | GBX71.20 Million | +41.55% |
| 2009-03-31 | GBX50.30 Million | -14.89% |
| 2008-03-31 | GBX59.10 Million | +464.81% |
| 2007-03-31 | GBX-16.20 Million | -100.00% |
| 2006-03-31 | GBX-8.10 Million | +75.82% |
| 2005-03-31 | GBX-33.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Norcros Plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 19090000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX151.40 Million | 72.82% |
| Common Stock | GBX8.90 Million | 4.28% |
| Other Components | GBX47.60 Million | 22.90% |
| Total Equity | GBX207.90 Million | 100.00% |
Norcros Plc Competitors by Market Cap
The table below lists competitors of Norcros Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TC Unterhaltungselektronik AG
F:TCU
|
$34.60K |
|
DRB Holding Co. Ltd.
KQ:004840
|
$34.62K |
|
Hunter & Company PLC
CM:HUNTN0000
|
$34.63K |
|
GHANA COMMERCIAL BANK LTD.
GSE:GCB
|
$34.64K |
|
Pangrim Co. Ltd.
KQ:003610
|
$34.59K |
|
POLYTEC HOLDING (P4N.SG)
STU:P4N
|
$34.58K |
|
Mivne Real Estate (K.D) Ltd
TA:IBLD
|
$34.56K |
|
Bradespar SA
STU:FXM
|
$34.49K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norcros Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 222,400,000 to 207,900,000, a change of -14,500,000 (-6.5%).
- Net income of 3,500,000 contributed positively to equity growth.
- Dividend payments of 9,200,000 reduced retained earnings.
- Share repurchases of 100,000 reduced equity.
- Other comprehensive income increased equity by 26,800,000.
- Other factors decreased equity by 35,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX3.50 Million | +1.68% |
| Dividends Paid | GBX9.20 Million | -4.43% |
| Share Repurchases | GBX100.00K | -0.05% |
| Other Comprehensive Income | GBX26.80 Million | +12.89% |
| Other Changes | GBX-35.50 Million | -17.08% |
| Total Change | GBX- | -6.52% |
Book Value vs Market Value Analysis
This analysis compares Norcros Plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 135.95x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | GBX-0.49 | GBX314.00 | x |
| 2006-03-31 | GBX-0.12 | GBX314.00 | x |
| 2007-03-31 | GBX-0.24 | GBX314.00 | x |
| 2008-03-31 | GBX0.87 | GBX314.00 | x |
| 2009-03-31 | GBX0.74 | GBX314.00 | x |
| 2010-03-31 | GBX1.05 | GBX314.00 | x |
| 2011-03-31 | GBX1.17 | GBX314.00 | x |
| 2012-03-31 | GBX1.04 | GBX314.00 | x |
| 2013-03-31 | GBX0.91 | GBX314.00 | x |
| 2014-03-31 | GBX0.96 | GBX314.00 | x |
| 2015-03-31 | GBX0.77 | GBX314.00 | x |
| 2016-03-31 | GBX0.70 | GBX314.00 | x |
| 2017-03-31 | GBX0.83 | GBX314.00 | x |
| 2018-03-31 | GBX1.50 | GBX314.00 | x |
| 2019-03-31 | GBX1.55 | GBX314.00 | x |
| 2020-03-31 | GBX1.29 | GBX314.00 | x |
| 2021-03-31 | GBX1.84 | GBX314.00 | x |
| 2022-03-31 | GBX2.43 | GBX314.00 | x |
| 2023-03-31 | GBX2.35 | GBX314.00 | x |
| 2024-03-31 | GBX2.48 | GBX314.00 | x |
| 2025-03-31 | GBX2.31 | GBX314.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norcros Plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.95%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.87x
- Recent ROE (1.68%) is below the historical average (8.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.00% | -0.61% | 0.78x | 0.00x | GBX2.45 Million |
| 2006 | 0.00% | 16.30% | 1.00x | 0.00x | GBX26.71 Million |
| 2007 | 0.00% | 3.02% | 1.07x | 0.00x | GBX6.52 Million |
| 2008 | 16.07% | 5.66% | 1.06x | 2.68x | GBX3.59 Million |
| 2009 | -12.52% | -4.09% | 0.97x | 3.16x | GBX-11.33 Million |
| 2010 | -14.04% | -5.90% | 1.04x | 2.28x | GBX-17.12 Million |
| 2011 | 8.44% | 3.42% | 1.12x | 2.21x | GBX-1.24 Million |
| 2012 | 13.22% | 4.69% | 1.18x | 2.39x | GBX2.29 Million |
| 2013 | 14.77% | 4.32% | 1.10x | 3.11x | GBX2.94 Million |
| 2014 | 13.28% | 3.98% | 1.20x | 2.78x | GBX2.15 Million |
| 2015 | 15.56% | 3.69% | 1.24x | 3.39x | GBX2.93 Million |
| 2016 | 27.31% | 5.51% | 1.02x | 4.88x | GBX8.24 Million |
| 2017 | 15.02% | 3.13% | 1.03x | 4.67x | GBX2.84 Million |
| 2018 | 9.46% | 3.30% | 0.96x | 2.99x | GBX-560.00K |
| 2019 | 15.43% | 5.86% | 1.08x | 2.45x | GBX6.83 Million |
| 2020 | 10.44% | 3.19% | 0.99x | 3.30x | GBX460.00K |
| 2021 | 10.11% | 4.63% | 1.04x | 2.10x | GBX160.00K |
| 2022 | 12.83% | 6.48% | 1.10x | 1.79x | GBX5.67 Million |
| 2023 | 7.98% | 3.81% | 0.99x | 2.12x | GBX-4.24 Million |
| 2024 | 12.05% | 6.83% | 0.92x | 1.91x | GBX4.56 Million |
| 2025 | 1.68% | 0.95% | 0.95x | 1.87x | GBX-17.29 Million |
Industry Comparison
This section compares Norcros Plc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $118,593,125
- Average return on equity (ROE) among peers: 7.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Norcros Plc (NXR) | GBX202.50 Million | 0.00% | 0.86x | $34.59K |
| Epwin Group PLC (EPWN) | $88.80 Million | 12.05% | 2.09x | $19.79K |
| Volution Group plc (FAN) | $165.21 Million | 8.06% | 0.98x | $158.12K |
| Genuit Group plc (GEN) | $627.10 Million | 5.82% | 0.64x | $99.88K |
| James Halstead PLC (JHD) | $13.33 Million | 24.05% | 0.87x | $68.97K |
| LifeSafe Holdings PLC (LIFS) | $-158.00K | 0.00% | 0.00x | $158.65 |
| Northern Bear Plc (NTBR) | $21.06 Million | 7.16% | 0.69x | $1.72K |
| Stelrad Group PLC (SRAD) | $22.90 Million | -5.48% | 5.14x | $22.16K |
| Titon Holdings Plc (TON) | $10.50 Million | 10.34% | 0.30x | $1.30K |