SigmaRoc PLC (GB:SRC)
LSE:SRC
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SigmaRoc
(LSE:SRC)
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Rating:60Neutral
Price Target:
128.00 p
▼(-1.08% Downside)
Action:Downgraded
Date:03/19/26
The score is driven primarily by improving financial performance (notably stronger 2025 profitability), offset by elevated balance-sheet/cash-conversion risk and a clearly weak technical setup (price below key moving averages and negative MACD). Valuation is reasonable on P/E, but lacks dividend yield support.
Positive Factors
Improved 2025 Profitability
The material step-up in 2025 net income and EBIT margin signals restored operating leverage and better cost/pricing dynamics. Sustained higher margins improve the company's ability to fund capex and acquisitions internally, supporting balance-sheet repair and higher resilience across a 2–6 month horizon.
Negative Factors
Elevated leverage
Meaningful net debt limits financial flexibility if construction demand softens. Higher leverage increases interest and covenant pressure, constraining ability to invest or pursue opportunistic M&A without issuing equity or extending maturities, elevating execution risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved 2025 Profitability
The material step-up in 2025 net income and EBIT margin signals restored operating leverage and better cost/pricing dynamics. Sustained higher margins improve the company's ability to fund capex and acquisitions internally, supporting balance-sheet repair and higher resilience across a 2–6 month horizon.
Read all positive factors
SigmaRoc (SRC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.36B
Dividend YieldN/A
Average Volume (3M)3.60M
Price to Earnings (P/E)16.8
Beta (1Y)1.23
Revenue Growth7.62%
EPS Growth248.33%
CountryUK
Employees3,100
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.07
Shares Outstanding1,114,854,500
10 Day Avg. Volume3,653,084
30 Day Avg. Volume3,598,677
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.70
Price to Sales (P/S)1.35
P/FCF Ratio18.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£140.00Price Target Upside8.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.11
Revenue Forecast (FY)£1.07B
SigmaRoc Business Overview & Revenue Model
Company Description
Headquartered in London, UK, SigmaRoc plc, established in 1999 and previously known as Messaging International Plc until its rebranding in August 2016, is actively involved in acquiring and investing in enterprises within the construction material...
How the Company Makes Money
SigmaRoc makes money primarily by producing and selling construction materials (most notably aggregates) to customers involved in infrastructure, commercial, and residential construction. Revenue is generated from (1) sales volumes of materials ex...
SigmaRoc Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.04B | 962.51M | 541.65M | 537.99M | 271.99M |
| Gross Profit | 268.99M | 228.57M | 123.56M | 115.94M | 61.92M |
| EBITDA | 238.59M | 163.86M | 77.86M | 89.69M | 22.93M |
| Net Income | 79.86M | 23.26M | 13.53M | 31.24M | -7.56M |
Balance Sheet | |||||
| Total Assets | 2.26B | 2.15B | 1.02B | 966.93M | 769.32M |
| Cash, Cash Equivalents and Short-Term Investments | 166.67M | 131.36M | 55.87M | 68.62M | 69.92M |
| Total Debt | 639.03M | 641.83M | 238.30M | 262.48M | 233.92M |
| Total Liabilities | 1.41B | 1.39B | 500.38M | 497.08M | 358.16M |
| Stockholders Equity | 825.57M | 724.77M | 500.74M | 458.12M | 400.26M |
Cash Flow | |||||
| Free Cash Flow | 75.71M | 42.01M | 9.08M | 35.01M | 6.92M |
| Operating Cash Flow | 171.12M | 117.02M | 52.12M | 87.73M | 29.54M |
| Investing Cash Flow | -91.39M | -584.63M | -64.56M | -85.53M | -375.16M |
| Financing Cash Flow | -51.86M | 547.89M | 957.00K | 2.88M | 388.54M |
SigmaRoc Technical Analysis
Negative
129.40
Price Trends
120.92
Negative
126.93
Negative
124.23
Negative
Market Momentum
0.78
Negative
48.03
Neutral
57.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SRC, the sentiment is Negative. The current price of 129.4 is above the 20-day moving average (MA) of 119.86, above the 50-day MA of 120.92, and above the 200-day MA of 124.23, indicating a bearish trend. The MACD of 0.78 indicates Negative momentum. The RSI at 48.03 is Neutral, neither overbought nor oversold. The STOCH value of 57.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SRC.
SigmaRoc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £1.06B | 12.74 | 7.14% | 4.47% | 8.72% | -13.66% | |
62 Neutral | £275.95M | 16.50 | 7.33% | 2.13% | 12.11% | -3.00% | |
62 Neutral | £70.71M | 19.70 | 3.91% | 5.35% | -1.73% | -39.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.36B | 16.77 | 10.11% | ― | 7.62% | 248.33% | |
57 Neutral | £356.63M | 36.06 | 2.17% | 4.18% | 2.08% | -53.51% | |
48 Neutral | £361.44M | 117.31 | 0.79% | 2.39% | 1.61% | -79.69% |
* Basic Materials Sector Average
GB:SRC
SigmaRoc
118.80
13.40
12.71%
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SigmaRoc Corporate Events
Business Operations and Strategy
SigmaRoc CEO Increases Stake with Additional Share Purchase
Positive
Jun 15, 2026
SigmaRoc, the AIM-quoted European lime and minerals group, reported that its chief executive, Max Vermorken, has purchased 10,000 ordinary shares in the company at 119.65 pence per share. Following this transaction, Vermorken holds 3,271,124 share...
Business Operations and StrategyShareholder Meetings
SigmaRoc shareholders back all resolutions at London AGM
Positive
Apr 30, 2026
SigmaRoc, the AIM-quoted European lime and minerals producer, confirmed that all resolutions at its annual general meeting in London were duly passed by shareholders. The voting outcome provides formal backing for the company’s current strat...
Business Operations and StrategyFinancial Disclosures
SigmaRoc lifts Q1 profitability and keeps 2026 outlook steady despite weather hit
Positive
Apr 30, 2026
SigmaRoc reported a solid start to 2026, with Q1 revenue holding flat year on year at £251.5m despite a 3% reduction in total volumes caused by extreme winter weather in Central and Northern Europe. Improved product mix, pricing and internali...
Business Operations and Strategy
SigmaRoc Executives Increase Stakes Through Share Incentive Plan
Positive
Apr 9, 2026
SigmaRoc plc has reported awards of ordinary shares under its Share Incentive Plan to senior management, with CEO Max Vermorken and CFO Jan Van Beek each acquiring 1,421 partnership shares at 126.63 pence through salary contributions. Following th...
Business Operations and StrategyPrivate Placements and Financing
SigmaRoc Secures €825m Refinancing to Fund Next Growth Phase
Positive
Mar 31, 2026
SigmaRoc has refinanced its main banking arrangements with a new increased facility of up to €825 million on investment‑grade terms, alongside a €300 million uncommitted accordion. The package centres on a five‑year unsecur...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.