How does NRV's PE Ratio compare to its peers?

NRV is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the peer average (15.4x).

How does NRV's PE Ratio compare vs other companies in the European Beverage Industry?

NRV is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the European Beverage industry average (17.9x).

What is NRV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NRV is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.1x).

What is the Fair Price of NRV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NRV (€15.1) is trading below our estimate of [[fair value]] (€27.41)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

NRV Stock Overview

Engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally. More details

NRV fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	4/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 44.9% below our estimate of its fair value

Earnings are forecast to grow 12% per year

Earnings grew by 56% over the past year

Risk Analysis

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Nichols plc Competitors

Mineralbrunnen Überkingen-Teinach GmbH KGaA

DB:MUT

€96.7m

Südwestdeutsche Salzwerke

DB:SSH

€572.7m

FRoSTA

DB:NLM

€398.5m

Kulmbacher Brauerei Aktien-Gesellschaft

MUN:KUL

€140.4m

Price History & Performance

Summary of share price highs, lows and changes for Nichols
Historical stock prices
Current Share Price	UK£15.10
52 Week High	UK£15.60
52 Week Low	UK£10.70
Beta	0.43
1 Month Change	0.67%
3 Month Change	22.76%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	30.17%

Recent updates

Shareholder Returns

	NRV	DE Beverage	DE Market
7D	-1.3%	0.9%	-2.0%
1Y	n/a	-6.8%	6.9%

Return vs Industry: Insufficient data to determine how NRV performed against the German Beverage industry.

Return vs Market: Insufficient data to determine how NRV performed against the German Market.

Price Volatility

Is NRV's price volatile compared to industry and market?
NRV volatility
NRV Average Weekly Movement	5.5%
Beverage Industry Average Movement	3.6%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.3%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: NRV has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: NRV's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1908	307	Andrew Milne	www.nicholsplc.co.uk

Nichols plc, together with its subsidiaries, engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally. The company operates through Packaged, Out of Home, and Central. It offers squash, still, carbonates, energy, mixers, juices, cordials, post-mix, and frozen drinks under the Vimto, Levi Roots, Starslush, ICEE, SLUSH PUPPiE, CocaCola, Pepsi, IRN BRU, Old Jamaica, and Sunkist brands.

Nichols plc Fundamentals Summary

How do Nichols's earnings and revenue compare to its market cap?
NRV fundamental statistics
Market cap	€572.31m
Earnings (TTM)	€22.58m
Revenue (TTM)	€203.87m

25.3x

P/E Ratio

2.8x

P/S Ratio

Is NRV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NRV income statement (TTM)
Revenue	UK£169.17m
Cost of Revenue	UK£95.23m
Gross Profit	UK£73.94m
Other Expenses	UK£55.21m
Earnings	UK£18.73m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.51
Gross Margin	43.71%
Net Profit Margin	11.07%
Debt/Equity Ratio	0%

How did NRV perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

59%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 21:23
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nichols plc is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Robert Chantry	Berenberg
Wayne Brown	Canaccord Genuity
Doriana Russo	HSBC