Market Cap
UK£413.5m
Last Updated
2020/10/22 22:27 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 average dividend payer.
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
-0.7%
NICL
-0.7%
GB Beverage
-0.3%
GB Market
1 Year Return
-29.6%
NICL
-17.7%
GB Beverage
-16.6%
GB Market
Return vs Industry: NICL underperformed the UK Beverage industry which returned -18.1% over the past year.
Return vs Market: NICL underperformed the UK Market which returned -16.2% over the past year.
Shareholder returns
| NICL | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -0.7% | -0.3% |
| 30 Day | -8.8% | 2.7% | 0.7% |
| 90 Day | -15.2% | -6.7% | -3.4% |
| 1 Year | -28.1%-29.6% | -15.6%-17.7% | -13.4%-16.6% |
| 3 Year | -28.2%-32.9% | 5.1%-2.6% | -9.6%-20.8% |
| 5 Year | -9.3%-18.3% | 56.8%37.7% | 14.5%-11.3% |
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
Declining Stock and Decent Financials: Is The Market Wrong About Nichols plc (LON:NICL)?3 weeks ago | Simply Wall St
Should We Be Excited About The Trends Of Returns At Nichols (LON:NICL)?1 month ago | Simply Wall St
How Much Did Nichols'(LON:NICL) Shareholders Earn From Share Price Movements Over The Last Three Years?Valuation
Is Nichols undervalued compared to its fair value and its price relative to the market?
5.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NICL (£11.2) is trading below our estimate of fair value (£11.86)
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 (23.5x) compared to the GB Beverage industry average (24.2x).
PE vs Market: NICL is poor value based on its PE Ratio (23.5x) compared to the UK market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: NICL is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: NICL is overvalued based on its PB Ratio (3.3x) compared to the GB Beverage industry average (2.8x).
Next Steps
Future Growth
How is Nichols forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
16.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NICL's forecast earnings growth (16% per year) is above the savings rate (1.2%).
Earnings vs Market: NICL's earnings (16% per year) are forecast to grow slower than the UK market (24.1% per year).
High Growth Earnings: NICL's earnings are forecast to grow, but not significantly.
Revenue vs Market: NICL's revenue (5.5% per year) is forecast to grow slower than the UK market (6% per year).
High Growth Revenue: NICL's revenue (5.5% 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 (17.4%).
Next Steps
Past Performance
How has Nichols performed over the past 5 years?
0.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NICL has high quality earnings.
Growing Profit Margin: NICL's current net profit margins (13.1%) are lower than last year (17.4%).
Past Earnings Growth Analysis
Earnings Trend: NICL's earnings have grown by 0.8% 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 (-31.7%) over the past year, making it difficult to compare to the Beverage industry average (-25%).
Return on Equity
High ROE: NICL's Return on Equity (14.1%) is considered low.
Next Steps
Financial Health
How is Nichols's financial position?
Financial Position Analysis
Short Term Liabilities: NICL's short term assets (£87.3M) exceed its short term liabilities (£20.7M).
Long Term Liabilities: NICL's short term assets (£87.3M) exceed its long term liabilities (£6.7M).
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
Next Steps
Dividend
What is Nichols's current dividend yield, its reliability and sustainability?
3.61%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NICL's dividend (3.61%) is higher than the bottom 25% of dividend payers in the UK market (1.82%).
High Dividend: NICL's dividend (3.61%) is low compared to the top 25% of dividend payers in the UK market (5.3%).
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 (58.7%), 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 (60% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Marnie-Jane Millard (55 yo)
7.42yrs
Tenure
UK£587,000
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 ($USD768.26K) is about average for companies of similar size in the UK market ($USD918.60K).
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 | 7.42yrs | UK£587.00k | 0.028% £ 116.9k | |
| Group COO & Executive Director | 4.75yrs | UK£383.00k | 0.0025% £ 10.2k | |
| CFO & Executive Director | no data | no data | no data |
1.3yrs
Average Tenure
50yo
Average Age
Experienced Management: NICL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.42yrs | UK£587.00k | 0.028% £ 116.9k | |
| Group COO & Executive Director | 4.75yrs | UK£383.00k | 0.0025% £ 10.2k | |
| CFO & Executive Director | no data | no data | no data | |
| Non Executive Chairman | 13.75yrs | UK£102.00k | 5.42% £ 22.4m | |
| Independent Non-Executive Director | 3.08yrs | UK£40.00k | no data | |
| Independent Non-Executive Director | 5.25yrs | UK£40.00k | 0.0035% £ 14.3k | |
| Non-Independent Non-Executive Director | 0.25yr | no data | no data |
5.0yrs
Average Tenure
55yo
Average Age
Experienced Board: NICL's board of directors are considered experienced (5 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£413.511m
- 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
| 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 two segments, Stil ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 22:27 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.