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SigmaRoc
(LSE:SRC)
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Rating:60Neutral
Price Target:
129.00 p
▼(-0.31% 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 margin and profit step-up
A clear step-up in 2025 operating and net margins indicates structural improvement in cost control and pricing. Higher sustained margins increase durable earnings power, strengthen internal funding for capex or acquisitions, and improve resilience across construction cycles.
Negative Factors
Elevated leverage
Meaningful net debt versus equity leaves limited financial flexibility if construction demand weakens. Interest and refinancing exposure can constrain investment, limit downside absorption in cyclical downturns, and raise execution risk on future strategic moves.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 margin and profit step-up
A clear step-up in 2025 operating and net margins indicates structural improvement in cost control and pricing. Higher sustained margins increase durable earnings power, strengthen internal funding for capex or acquisitions, and improve resilience across construction cycles.
Read all positive factors
SigmaRoc (SRC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.37B
Dividend YieldN/A
Average Volume (3M)3.60M
Price to Earnings (P/E)16.9
Beta (1Y)1.30
Revenue Growth7.62%
EPS Growth248.33%
CountryUK
Employees3,000
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)N/A
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
£130.00Price Target Upside0.46% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SigmaRoc Business Overview & Revenue Model
Company Description
SigmaRoc plc (SRC) is a UK-listed industrial company focused on the acquisition and operation of aggregates and construction materials businesses in Europe. Through its operating subsidiaries, the group supplies essential materials used in infrast...
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 Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £1.15B | 14.18 | 6.73% | 4.76% | 7.88% | -9.34% | |
62 Neutral | £291.40M | 16.14 | 7.98% | 4.59% | -4.66% | 16.91% | |
62 Neutral | £69.81M | 19.44 | 3.91% | 5.86% | -1.73% | -39.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.37B | 16.92 | 10.11% | ― | 7.62% | 248.33% | |
57 Neutral | £407.22M | 41.17 | 2.17% | 4.44% | 2.08% | -53.51% | |
48 Neutral | £367.96M | 119.42 | 0.79% | 3.19% | 1.61% | -79.69% |
* Basic Materials Sector Average
GB:SRC
SigmaRoc
123.20
6.20
5.30%
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SigmaRoc Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
SigmaRoc Posts Strong First Half and Expands Limestone Reserves
Positive
Jul 22, 2026
SigmaRoc reported a strong first half to 30 June 2026, with like-for-like revenue up 2.5% to £523.1m and EBITDA rising 11.3%, lifting margins by 200 basis points. Core volumes grew 1% for the first time in three years, driven by improving con...
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...
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.