Added to YB: 2025-03-31
Pitch date: 2025-03-27
LUCE.L [neutral]
Luceco plc
-1.64%
current return
Author Info
Valuing Dutchman is a value investor specializing in European family owned businesses and worldwide Deep Value. Full time investor since 2010, Investment writer since 2011 and co-founder Chess Capital fund. Sign up for the newsletter.
Company Info
Luceco plc manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.
Market Cap
GBP 179.6M
Pitch Price
GBP 1.32
Price Target
2.40 (+85%)
Dividend
4.24%
EV/EBITDA
8.13
P/E
12.40
EV/Sales
1.05
Sector
Electrical Equipment
Category
growth
Luceco: Convincing
LUCE.L (buy below 1.40): UK electrical materials co. 16% rev growth to £242.5M, 5.8% organic. Strong intl expansion (Dubai +28%, Ireland +55%). Gaining UK market share. Acquisitions (D-Line, CMD) boost revenue but impact profits. EV charging +25.6%. Net profit -12.6% on higher interest/taxes. Fair value £2.40, buy below £1.40.
Read full article (4 min)