Professional
Added to YB: 2026-09-03
Pitch date: 2026-09-01
SRC.L [bullish]
SigmaRoc plc
-4.43%
current return
Author Info
Tactile Fund LP makes long-term investments in companies with extraordinary physical assets. The Tactile Substack tracks the fund's progress and profiles its investment philosophy and holdings. Sign up for the newsletter.
Company Info
SigmaRoc plc, through its subsidiaries, invests, acquires, and integrates businesses in the quarried materials sector in the United Kingdom, Ireland, western Europe, Central Europe, and Nordics.
Market Cap
GBP 1.4B
Pitch Price
GBP 1.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.43
P/E
18.67
EV/Sales
1.84
Sector
Construction Materials
Category
value
Q2 Letter to Partners and a Look at Lime - SigmaRoc plc
SRC.L (hold): SigmaRoc remains attractive as an operator of scarce, geographically advantaged European lime assets, with 2.7B tons of reserves, healthy pricing power and a long acquisition runway. Revenue now exceeds £1B and EBITDA £262M, while the shares trade below 7x forward EBITDA versus roughly 14-15.5x for North American peers. Key risks are capital and energy intensity, finite reserves and cyclical European industrial demand.
Read full article (5 min)