Market Cap
UK£525.9m
Last Updated
2020/02/23 20:54 UTC
Data Sources
Company Financials +
Executive Summary
Nichols plc, together with its subsidiaries, supplies soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Nichols's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NICL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.0%
NICL
0.4%
GB Beverage
0.3%
GB Market
1 Year Return
-7.0%
NICL
0.8%
GB Beverage
6.5%
GB Market
Return vs Industry: NICL underperformed the UK Beverage industry which returned 0.8% over the past year.
Return vs Market: NICL underperformed the UK Market which returned 6.5% over the past year.
Shareholder returns
| NICL | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 0.4% | 0.3% |
| 30 Day | 4.2% | -3.4% | -1.4% |
| 90 Day | -8.4% | -1.5% | 2.9% |
| 1 Year | -4.7%-7.0% | 3.6%0.8% | 12.0%6.5% |
| 3 Year | -10.2%-15.7% | 45.0%35.7% | 18.7%3.8% |
| 5 Year | 46.9%32.6% | 87.6%65.6% | 35.0%4.1% |
Price Volatility Vs. Market
How volatile is Nichols's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Nichols (LON:NICL) Shareholders Booked A 26% Gain In The Last Five Years3 weeks ago | Simply Wall St
Calculating The Intrinsic Value Of Nichols plc (LON:NICL)1 month ago | Simply Wall St
What Did Nichols plc's (LON:NICL) CEO Take Home Last Year?Valuation
Is Nichols undervalued compared to its fair value and its price relative to the market?
3.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NICL (£14.25) is trading below our estimate of fair value (£14.77)
Significantly Below Fair Value: NICL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NICL is good value based on its PE Ratio (20.4x) compared to the Beverage industry average (24.5x).
PE vs Market: NICL is poor value based on its PE Ratio (20.4x) compared to the UK market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: NICL is poor value based on its PEG Ratio (6.8x)
Price to Book Ratio
PB vs Industry: NICL is overvalued based on its PB Ratio (4.6x) compared to the GB Beverage industry average (3.3x).
Next Steps
Future Growth
How is Nichols forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
3.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NICL's forecast earnings growth (3% per year) is above the savings rate (0.5%).
Earnings vs Market: NICL's earnings (3% per year) are forecast to grow slower than the UK market (12.9% per year).
High Growth Earnings: NICL's earnings are forecast to grow, but not significantly.
Revenue vs Market: NICL's revenue (3.2% per year) is forecast to grow slower than the UK market (3.6% per year).
High Growth Revenue: NICL's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NICL's Return on Equity is forecast to be low in 3 years time (19.6%).
Next Steps
Past Performance
How has Nichols performed over the past 5 years?
11.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NICL has high quality earnings.
Growing Profit Margin: NICL's current net profit margins (17.4%) are lower than last year (17.6%).
Past Earnings Growth Analysis
Earnings Trend: NICL's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: NICL's earnings growth over the past year (9.2%) is below its 5-year average (11.1% per year).
Earnings vs Industry: NICL earnings growth over the past year (9.2%) exceeded the Beverage industry -3.7%.
Return on Equity
High ROE: NICL's Return on Equity (22.8%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Nichols's financial position?
Financial Position Analysis
Short Term Liabilities: NICL's short term assets (£80.7M) exceed its short term liabilities (£29.0M).
Long Term Liabilities: NICL's short term assets (£80.7M) exceed its long term liabilities (£7.3M).
Debt to Equity History and Analysis
Debt Level: NICL is debt free.
Reducing Debt: NICL has not had any debt for past 5 years.
Debt Coverage: NICL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NICL has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: NICL has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if NICL's debt is covered by short term assets.
Next Steps
Dividend
What is Nichols's current dividend yield, its reliability and sustainability?
2.67%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NICL's dividend (2.67%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).
High Dividend: NICL's dividend (2.67%) is low compared to the top 25% of dividend payers in the UK market (5.07%).
Stability and Growth of Payments
Stable Dividend: NICL's dividend payments have been volatile in the past 10 years.
Growing Dividend: NICL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56%), NICL's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NICL's dividends in 3 years are forecast to be covered by earnings (62.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Marnie-Jane Millard (54yo)
6.8yrs
Tenure
UK£502,000
Compensation
Ms. Marnie-Jane Millard, OBE has been Chief Executive Officer of Nichols plc since May 1, 2013 and also has been its Executive Director since March 7, 2013. Ms. Millard served as Managing Director of Vimto ...
CEO Compensation Analysis
Compensation vs Market: Marnie-Jane's total compensation ($USD650.89K) is below average for companies of similar size in the UK market ($USD1.18M).
Compensation vs Earnings: Marnie-Jane's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 6.8yrs | UK£502.00k | 0.028% £148.8k | |
| Group CFO | 0yrs | UK£371.00k | 0.036% £188.0k | |
| Group Chief Operating Officer & Director | 4.1yrs | UK£344.00k | 0.0025% £12.9k |
6.8yrs
Average Tenure
54yo
Average Age
Experienced Management: NICL's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 6.8yrs | UK£502.00k | 0.028% £148.8k | |
| Group CFO | 0yrs | UK£371.00k | 0.036% £188.0k | |
| Group Chief Operating Officer & Director | 4.1yrs | UK£344.00k | 0.0025% £12.9k | |
| Non Executive Chairman | 13.1yrs | UK£102.00k | 5.42% £28.5m | |
| Independent Non-Executive Director | 2.4yrs | UK£40.00k | no data | |
| Independent Non-Executive Director | 4.6yrs | UK£40.00k | 0.0035% £18.2k |
4.6yrs
Average Tenure
55yo
Average Age
Experienced Board: NICL's board of directors are considered experienced (4.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Nichols plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nichols plc
- Ticker: NICL
- Exchange: AIM
- Founded: 1929
- Industry: Soft Drinks
- Sector: Food, Beverage & Tobacco
- Market Cap: UK£525.923m
- Shares outstanding: 36.91m
- Website: https://www.nicholsplc.co.uk
Number of Employees
Location
- Nichols plc
- Laurel House
- 5 Woodlands Park
- Newton-le-Willows
- Merseyside
- WA12 0HH
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NICL | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Oct 1993 |
| NRV | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Oct 1993 |
Biography
Nichols plc, together with its subsidiaries, supplies soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom. The company operates through Still and Carbonate segments. It offers till, carbonated, post-mix, and frozen drinks categories under the Vimto, Feel Good, Levi Roots, Starslush, ICEE, Panda, and Sunkist brands. The company offers its products through supermarkets, discount retailers, cash and carries, pubs, clubs, bars, restaurants, and leisure outlets. It also exports its products to the Middle East, Africa, and internationally. The company was incorporated in 1929 and is headquartered in Newton-le-Willows, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 20:54 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.