SigmaRoc PLC (GB:SRC)
LSE:SRC
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SigmaRoc
(LSE:SRC)
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Rating:60Neutral
Price Target:
125.00 p
▼(-3.40% 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
2025 Profitability Improvement
A material step-up in 2025 earnings and higher EBIT margin indicate the business can convert scale and operational improvements into sustained profit. Improved operating margin and net income provide a stronger earnings base to fund reinvestment and absorb cyclicality over the medium term.
Negative Factors
Elevated leverage and balance-sheet risk
Significant indebtedness from acquisitive expansion leaves the company with constrained financial flexibility during downturns. Elevated leverage increases interest and refinancing exposure, which can limit the ability to invest or pursue M&A when construction volumes weaken over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Profitability Improvement
A material step-up in 2025 earnings and higher EBIT margin indicate the business can convert scale and operational improvements into sustained profit. Improved operating margin and net income provide a stronger earnings base to fund reinvestment and absorb cyclicality over the medium term.
Read all positive factors
SigmaRoc (SRC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.29B
Dividend YieldN/A
Average Volume (3M)3.60M
Price to Earnings (P/E)15.9
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
SigmaRoc plc, through its subsidiaries, invests in and/or acquires projects in the construction materials sector in the United Kingdom, Northern Europe, the Channel Islands, and Belgium. The company also produces aggregates and pre-cast concrete; ...
How the Company Makes Money
SigmaRoc makes money primarily by selling industrial minerals and construction materials to customers in the construction and infrastructure value chain (e.g., contractors, asphalt and concrete producers, and other building-materials users). Its c...
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
121.01
Negative
128.91
Negative
124.04
Negative
Market Momentum
-0.91
Negative
43.92
Neutral
32.21
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 116.86, above the 50-day MA of 121.01, and above the 200-day MA of 124.04, indicating a bearish trend. The MACD of -0.91 indicates Negative momentum. The RSI at 43.92 is Neutral, neither overbought nor oversold. The STOCH value of 32.21 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 | £956.58M | 11.40 | 7.14% | 4.47% | 8.72% | -13.66% | |
62 Neutral | £285.55M | 17.14 | 7.33% | 2.13% | 12.11% | -3.00% | |
62 Neutral | £70.71M | 19.56 | 3.91% | 5.35% | -1.73% | -39.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.29B | 15.92 | 10.11% | ― | 7.62% | 248.33% | |
57 Neutral | £329.45M | 23.04 | 2.17% | 4.18% | 2.08% | -53.51% | |
48 Neutral | £376.06M | 122.78 | 0.79% | 2.39% | 1.61% | -79.69% |
* Basic Materials Sector Average
GB:SRC
SigmaRoc
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SigmaRoc Corporate Events
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...
Business Operations and Strategy
SigmaRoc Directors Boost Stakes as Lime and Minerals Group Backs Sustainable Growth
Positive
Mar 19, 2026
SigmaRoc plc, a quoted European lime and minerals producer listed on AIM, focuses on acquiring and managing lime and minerals assets in fragmented markets to build scale and efficiency. Its products support sustainability-linked applications such ...
Business Operations and Strategy
SigmaRoc Directors Lift Stakes as Lime Group Pursues Buy‑and‑Build Growth
Positive
Mar 19, 2026
SigmaRoc plc, the AIM‑quoted European lime and minerals specialist, produces lime and limestone products for industrial, construction, and environmental applications tied to the shift toward a more sustainable economy. The group grows by acq...
Business Operations and StrategyRegulatory Filings and Compliance
SigmaRoc Expands Employee Benefit Trust Stake in Share Capital
Positive
Mar 18, 2026
SigmaRoc has expanded the holdings of its employee benefit trust, with trustee JTC Employer Solutions Trustee Limited purchasing 8,540,166 ordinary shares at 116.86 pence per share. Following the transaction, the SigmaEBT now holds 11,466,889 ordi...
Business Operations and StrategyExecutive/Board Changes
SigmaRoc Aligns Executive Pay With Performance Through New Options and LTIP Grants
Positive
Mar 16, 2026
SigmaRoc has strengthened its executive incentive structure with the grant of a recruitment share option to Chief Financial Officer Jan van Beek over 2.5 million shares at an exercise price of 60 pence, vesting in January 2027 under its 2023 Share...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
SigmaRoc Delivers Record 2025 Earnings and Secures Larger Facility to Fund Next Growth Phase
Positive
Mar 16, 2026
SigmaRoc reported record audited full-year results for 2025, with revenue rising 3.8% to £1.04 billion and underlying EBITDA up 16.7% to £262 million, driving a margin increase to about 25.3% despite softer volumes in construction and st...
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.