TakeoverPE & activists

LXFRLUXFER HOLDINGS PLC

Industrial Inorganic Chemicals · $461M market cap · 1,400 employees

1.3×

More likely than average to be taken private

Top 12% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

2of 15 firedHow well they predict deals →
13 other checks
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    442% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    1% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    50% of cash flow
    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
    18% of assets
    Over 40% of assets
  • Shareholder dissentNo
    97% lowest support
    Any vote under 80% support
  • Low revenue per employeeNo
    $275K · 42nd pct
    Bottom quartile of its SIC industry
  • Net cashNo
    0.2× EBITDA net debt
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $461M market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    3 of 10
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    0 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months
  • Net insider sellingNo
    −$322K net
    Net sales over $10M in 12 months

Deal filings

FiledFormAcquirerPricePremium
Sep 17, 2026DEFM14AWynnchurch Capital, L.P.$17.3731%
Aug 26, 2026PREM14AWynnchurch Capital, L.P.$17.3731%

Key numbers

Revenue
$385MFY2021: $374MFY2022: $423MFY2023: $405MFY2024: $392MFY2025: $385M
1.9% YoY
Operating margin
6.2%FY2021: 9.7%FY2022: 10.6%FY2023: 1.0%FY2024: 7.7%FY2025: 6.2%
19% YoY
EBITDA
$34MFY2021: $52MFY2022: $58MFY2023: $17MFY2024: $40MFY2025: $34M
16% YoY
Net debt / EBITDA
0.2×
$5M net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$374M$423M$405M$392M$385M 1.9% FY2021: $374MFY2022: $423MFY2023: $405MFY2024: $392MFY2025: $385M
Operating income$36M$45M$4M$30M$24M 20% FY2021: $36MFY2022: $45MFY2023: $4MFY2024: $30MFY2025: $24M
Net income$30M$27M−$2M$18M$8M 58% FY2021: $30MFY2022: $27MFY2023: −$2MFY2024: $18MFY2025: $8M
Operating cash flow$26M$16M$26M$51M$34M 33% FY2021: $26MFY2022: $16MFY2023: $26MFY2024: $51MFY2025: $34M
Capex$9M$8M$9M$10M$8M 24% FY2021: $9MFY2022: $8MFY2023: $9MFY2024: $10MFY2025: $8M
Stock-based comp$3M$3M$3M$4M$4M 2.9% FY2021: $3MFY2022: $3MFY2023: $3MFY2024: $4MFY2025: $4M
Buybacks$6M$11M$3M$2M$3M 35% FY2021: $6MFY2022: $11MFY2023: $3MFY2024: $2MFY2025: $3M
Dividends$14M$14M$14M$14M$14M 0.7% FY2021: $14MFY2022: $14MFY2023: $14MFY2024: $14MFY2025: $14M

13D filers

None on file.

Insider trading

−$322Knet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $322K · 5 trades

Pay vs performance

YearCEO total compComp actually paidTSR (indexed)Peer TSR
FY2025——10898
FY2024——155119
FY2023——68130
FY2022——7375
FY2021——121129