Quality Investor

Luxfer Holdings PLC

Rank #316Value

LXFR · NYSE · Industrials

Luxfer Holdings PLC (LXFR) — Rank #316 by gross profitability (GP/assets 0.23) · ROE 3.4% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001096056 · all metrics point-in-time as of the filing date.

About

Luxfer Holdings PLC, together with its subsidiaries, develops and manufactures high-performance materials, components, and high-pressure gas containment devices.

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The company operates through two segments: Gas Cylinders and Elektron. The Gas Cylinders segment manufactures and markets specialized highly engineered containment solutions using aluminum alloys and carbon composite technologies. It offers carbon composite high-pressure, aerospace and aviation, space-related, aluminum and composite medical gas, and specialty aluminum cylinders used for emergency response, healthcare, alternative fuel transportation, aerospace comprising commercial aviation, defense, and space markets. The Elektron segment focuses on specialty materials based primarily on magnesium and zirconium. This segment offers advanced lightweight magnesium alloys; magnesium powders for use in countermeasure flares, defense applications, infrared decoys, and heater meals; and zirconium-based chemicals and oxides used as catalysts converters, industrial catalysis, advanced ceramics, specialty glass, fuel cell components, pharmaceuticals, and other performance-critical applications. The company operates in the United States, the United Kingdom, Japan, Canada, Germany, rest of Europe, the Asia Pacific, and the rest of the world.

Luxfer Holdings PLC was founded in 1898 and is based in Riverside, California.

Industry
Specialty Industrial Machinery
Sector
Industrials
State
X0
Filer Category
Accelerated filer
Fiscal Year End
December 31
Website
luxfer.com

Price History

LXFR-0.6% · -0.1% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

$462.13M

P/E (annual)

61.7

P/S (annual)

1.2

P/B

2.1

P/OCF (annual)

13.6

Shareholder Yield

2.4%

Employees

1,350

Industry

Specialty Industrial Machinery

Exchange

NYSE

Signal Flags

2 green2 red
Revenue growth acceleratingGrowth rate increasing year over year
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Revenue declining YoYRevenue contracted year over year
Operating margin decliningOperating margin lower than prior year

Quality Profile

Profitability

1/1 pass
GP / assets
0.23
Return on equity
3.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.76
Current ratio
1.75×
Net cash
-$42.90M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.9%

Growth

1/2 pass
Revenue growth
-1.9%
Piotroski F-Score
6 / 9
Share dilution
0.6%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

6.2%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 0.6% — per-share value needs a total required return of 6.8% once share-count change is priced in.

vs. own 6-year median revenue growth: -2.5%

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

2.0%

r = 10% (base)

6.2%

r = 12%

9.9%

Net debt / market cap: 9.1%

Base FCF: $26.2M3Y mean FCF: $28M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

55.6xExpensive
15.0xmed 27.2x128.3x

P / S

Price / revenue per share

1.1xFair
0.5xmed 1.1x1.7x

P / B

Price / book value per share

1.9xCheap
1.0xmed 2.2x3.7x

P / GP

Price / gross profit per share

4.8xFair
2.7xmed 4.7x6.8x

P / FCF

Price / free cash flow per share

16.2xFair
9.2xmed 16.2x137.3x

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Gross profitability (GP / assets)

0.23

Primary signal (Novy-Marx).

52nd pctl of 34 SIC 28 peers

Return on equity

3.4%

Gross margin

23.2%

15th pctl of 34 SIC 28 peers

Revenue growth (YoY)

-1.9%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-3.2%

Revenue CAGR (5Y)

3.4%

Earnings CAGR (3Y)

-34.1%

FCF CAGR (3Y)

51.1%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.76

53rd pctl of 31 SIC 28 peers (best = lowest)

Current ratio

1.75×

21st pctl of 34 SIC 28 peers

Quick ratio

0.55×

Net cash

-$42.90M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$26.20M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

2.40

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.9%

Stock-based comp intensity.

Dividend safety

Composite score

1.2 / 5

Weak
Payout ratio
180.5%0/5 Weak
FCF coverage
1.88×3/5 Good
Dividend growth streak
0 yr0/5 Weak
Balance-sheet health
D/E 0.76 · IC N/A2/5 Fair

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Value
Capital Return
Startup