Market Cap
UK£539.1m
Last Updated
2021/07/31 19:15 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
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 is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NICL's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.7%
NICL
1.7%
GB Beverage
0.3%
GB Market
1 Year Return
11.5%
NICL
27.1%
GB Beverage
22.4%
GB Market
Return vs Industry: NICL underperformed the UK Beverage industry which returned 27.1% over the past year.
Return vs Market: NICL underperformed the UK Market which returned 22.4% over the past year.
Shareholder returns
| NICL | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 1.7% | 0.3% |
| 30 Day | -0.3% | 2.9% | 0.3% |
| 90 Day | 0.7% | 8.8% | 1.5% |
| 1 Year | 13.0%11.5% | 30.3%27.1% | 27.9%22.4% |
| 3 Year | 6.8%0.7% | 28.8%19.5% | 12.7%-0.1% |
| 5 Year | 14.5%3.8% | 87.4%65.2% | 39.4%12.6% |
Long-Term 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
1 week ago | Simply Wall St
Do These 3 Checks Before Buying Nichols plc (LON:NICL) For Its Upcoming Dividend1 month ago | Simply Wall St
What Percentage Of Nichols plc (LON:NICL) Shares Do Insiders Own?Valuation
Is Nichols undervalued compared to its fair value and its price relative to the market?
53.1x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NICL (£14.6) is trading above our estimate of fair value (£13.1)
Significantly Below Fair Value: NICL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NICL is poor value based on its PE Ratio (53.1x) compared to the UK Beverage industry average (30.7x).
PE vs Market: NICL is poor value based on its PE Ratio (53.1x) compared to the UK market (23.6x).
Price to Earnings Growth Ratio
PEG Ratio: NICL is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: NICL is overvalued based on its PB Ratio (4.3x) compared to the GB Beverage industry average (2.8x).
Future Growth
How is Nichols forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
21.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NICL's forecast earnings growth (21.5% per year) is above the savings rate (0.9%).
Earnings vs Market: NICL's earnings (21.5% per year) are forecast to grow faster than the UK market (14.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NICL's revenue (7% per year) is forecast to grow faster than the UK market (4.7% per year).
High Growth Revenue: NICL's revenue (7% 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 (16.4%).
Past Performance
How has Nichols performed over the past 5 years?
-14.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NICL has a large one-off loss of £5.1M impacting its June 30 2021 financial results.
Growing Profit Margin: NICL's current net profit margins (8%) are lower than last year (13.1%).
Past Earnings Growth Analysis
Earnings Trend: NICL's earnings have declined by 14.2% per year over the past 5 years.
Accelerating Growth: NICL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NICL had negative earnings growth (-42.4%) over the past year, making it difficult to compare to the Beverage industry average (-3.3%).
Return on Equity
High ROE: NICL's Return on Equity (8%) is considered low.
Financial Health
How is Nichols's financial position?
Financial Position Analysis
Short Term Liabilities: NICL's short term assets (£92.0M) exceed its short term liabilities (£25.9M).
Long Term Liabilities: NICL's short term assets (£92.0M) exceed its long term liabilities (£4.7M).
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
Dividend
What is Nichols's current dividend yield, its reliability and sustainability?
1.27%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NICL's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.31%).
High Dividend: NICL's dividend (1.27%) is low compared to the top 25% of dividend payers in the UK market (4%).
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 (67.6%), 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 (52.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average board tenure
CEO
Andrew Milne (48 yo)
0.50
Tenure
UK£286,000
Compensation
Mr. Andrew Paul Milne has been the Chief Executive Officer at Nichols plc since January 1, 2021 and its Executive Director since January 1, 2016. He served as Group Chief Operating Officer of Nichols plc s...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD397.71K) is below average for companies of similar size in the UK market ($USD976.57K).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
Board Members
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: 1908
- Industry: Soft Drinks
- Sector: Food, Beverage & Tobacco
- Market Cap: UK£539.094m
- Shares outstanding: 36.92m
- 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
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 two segments, Stil...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/31 19:15 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.