Luxfer Holdings PLC (LXFR) Stock

Luxfer Holdings PLC (LXFR) is a Materials stock trading at $17.20 (as of 2026-09-02), with a market capitalization of $460.26M and a trailing P/E of 79.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Luxfer Holdings PLC and its subsidiaries design, manufacture, and supply specialty materials, components, and high-pressure gas containment devices for defense and emergency response, healthcare, transportation, and other industrial uses. It operates in two segments: Elektron (magnesium- and zirconium-based materials) and Gas Cylinders (specialized pressurized cylinders and related products for applications including SCBA, medical gases, and alternative fuel vehicles).

Understand Luxfer Holdings PLC: how it makes money

Luxfer engineeres magnesium and zirconium specialty alloys and high-pressure gas cylinders, selling certified components to defense, healthcare, and industrial buyers. Revenue splits roughly 50/40 between its Elektron materials line and Gas Cylinders unit, with end-customers spanning regulated and commercial markets.

The margin comes from transforming base metals (magnesium, zirconium, steel) into certified specialty components, but the 7.4% operating margin shows that engineering costs and SG&A consume most of the 26% gross edge.

Revenue by segment (latest quarter)
Elektron	$0.1B
Gas Cylinders	$0.0B
Other	$0.0B

Business quality (Weak): Weak: revenue down 14% year over year, operating margin at 7.4%, and ROE of 6% signal a cyclical materials business with limited pricing power and modest capital returns.

Valuation: At 32× earnings, LXFR trades in line with the Chemicals average (31×).

Bull case

Valuation not punishing the dip: At 31.8x earnings the multiple sits just 2% above the 31.2x chemicals industry average, so the market is not charging a premium to wait out the current revenue trough.
Two distinct product engines: Elektron ($50M, 50% of revenue) serves defense and graphics markets with magnesium and zirconium alloys, while Gas Cylinders ($40M, 40%) serves medical and transport buyers, so a soft cycle in one end-market does not shut off the other.

Bear case

Revenue shrinkage on thin margins: Quarterly revenue fell 14% year over year to $100M while operating margin sits at just 7.4%, meaning the top-line decline flows almost entirely to the bottom line with little fixed-cost cushion to absorb it.
Capital returns lagging the sector: ROE of 6.0% on shrinking revenue suggests the company is not compounding capital in a way visible to shareholders, a gap that widens against higher-quality materials peers.

Valuation — source: SEC EDGAR (first-party)
Price	$17.20
Market Cap	$460.26M
P/E Ratio	79.4
EV / EBITDA	15.5
Price / Book	2.06
Price / Sales	1.24
FCF Yield	5.7%
DCF Value (model)	$4.86
DCF Upside vs Price	-71.8%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$384.60M
Net Margin	2.0%
Revenue Growth (YoY)	-13.5%
EPS Growth (YoY)	-33.3%
FCF Growth (YoY)	-245.2%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.77 (safe)
Piotroski F-Score	7/9 (strong)

Valuation vs Sector & Industry
Stock P/E	79.4
Sector P/E (Materials)	23.9
Industry P/E (Chemicals)	32.1
vs Sector	232.0%
vs Industry	147.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	FMR LLC ($32.45M)
Institutional Holders Tracked	10

Company
Sector	Materials
Industry	Chemicals
CEO	Andrew William John Butcher
Employees	1,450
Country	US
IPO Date	2012-10-03

Related Companies (Chemicals; 8 comparable chemical companies)

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.