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Nichols plcNICL.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Consumer Staples›Beverages: Non-Alcoholic
Momentum strong 61
Mkt cap
$539M
US dollars, full cap
Free float
65%
of shares outstanding
$/day
$510,081
20-day average traded
Fwd P/E
15.1×
forward earnings
ROIC−WACC
+63.7 pp
WACC 9.8%
Hurdle
-8 pp
Req g minus delivered
Next earnings
117 days
3 Mar 2027
Close · GBP£1,095
1D+0.5%
1W+3.3%
1M+0.5%
3M+3.3%
6M+17.7%
YTD+14.8%
1Y+5.3%
ATR %4.5%
52w lowhigh8.8% off high

What Nichols does

No business profile yet.

Nichols at a glance

Size Nichols (NICL.L) is a United Kingdom Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $539M, the 289th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £1,095 on 6 Nov 2026.

Performance Over six months the shares gained 17.7%, against -3.0% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 3rd highest of 18 in its peer set.

Growth Revenue grew 2.7% over the last twelve months (peer median +2.6%); the operating margin is 18.0% (peer median 5.1%).

Valuation It trades at 15.1× forward earnings against a peer median of 14.6× (6th most expensive of 12).

Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -8 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 63.7 points above its cost of capital (9.8% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026NICL.L 116Peer median 97
Six months, rebased to 100: Nichols against the median of its 18 peers (local-currency closes).

Nichols financials

Reported figures in GBP; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£179M£175M£173M£171M£165M
Revenue growth—+1%+1%+4%—
Gross profit£82.2M£80.6M£79.0M£72.2M£70.4M
EBITDA£34.7M£33.7M£30.9M£27.6M£27.6M
Net income£24.0M£21.4M£17.8M£18.4M£11.6M
Free cash flow£17.9M£14.5M£18.5M£21.6M£15.6M
Capital expenditure£1.18M£1.01M£851,000£479,000£1.25M
Total debtn/a£4.71M£3.75M£18.1M£2.54M

Quarterly statements and history in the cockpit →

Nichols competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%-10%0%+10%+20%-10%0%+10%605337000716258825902585123400530011152573BAG007390000019Y03LAS-APRNFEVR0506NICL.L6-month return →1-month return →
Up and to the right = strong over both horizons. Nichols is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%20×40×60533725902585005300BAGY03LAS-APRNFEVR0506NICL.LRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nichols is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%000716258812340053002573000019LAS-APRNFEVR0506NICL.LGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Nichols is the large dot.

Nichols competitors and peer comparison

How Nichols compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Nichols against its 18 peers (data as of 6 Nov 2026)
MeasureNICL.LPeer medianRank in peer set
1-month return+0.5%-1.1%9th highest of 19
6-month return+17.7%-3.0%3rd highest of 18
Distance from 52-week high-8.8%-21.8%2nd highest of 19
Revenue growth (TTM)+2.7%+2.6%9th highest of 18
Operating margin18.0%5.1%2nd highest of 19
Forward P/E15.1×14.6×6th most expensive of 12
Growth the price implies (Req g, 7 yrs)0.2%1.3%6th least demanding of 11
Growth delivered (Del g)+8.1%+4.8%4th highest of 11
Hurdle (Req g minus delivered)-7.8 pp-4.6 pp6th least demanding of 11
ROIC minus cost of capital+63.7 pp-0.4 pphighest of 19
EV / EBITDA9.6×9.1×7th most expensive of 14
Net debt / EBITDA-1.9×0.7×3rd least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Nichols NICL.LUnited Kingdom$539M+18%+3%18%15.1×0.2%+8.1%
Zhe Jiang Li Zi Yuan Food 605337.SSChina$526M-17%-4%12%22.1×n/an/a
Nanfang Black Sesame 000716.SZChina$590M+2%+5%2%n/a28.5%-10.1%
Premium Water 2588.TJapan$483M+4%+4%16%n/a-11.0%+7.4%
DyDo 2590.TJapan$624M+21%+3%4%17.3×n/an/a
Lifedrink 2585.TJapan$410M-12%+21%10%14.6×n/an/a
Hey-Song 1234.TWTaiwan$389M-9%-8%5%n/a10.4%+0.7%
Suja Life SUJAUnited States$382Mn/an/a-6%57.6×n/an/a
LotteChilsung 005300.KSSouth Korea$791M-9%+1%5%11.2×-2.0%+12.0%
5100 Xizang Glacier 1115.HKHong Kong$349M-10%+67%21%n/an/an/a
Hokkaido Coca-Cola Bottling 2573.TJapan$339M-6%+4%4%n/a7.6%+2.8%
A.G. BARR p.l.c BAG.LUnited Kingdom$887M-2%+7%15%12.4×n/an/a
NATURECELL 007390.KSSouth Korea$1.04B+14%-15%-18%n/an/an/a
Shenzhen Cereals 000019.SZChina$1.04B-20%+1%6%n/a4.6%-14.3%
Yeo Hiap Seng Y03.SISingapore$259M-14%-3%-7%51.5×n/an/a
Lassonde Industries LAS-A.TOCanada$1.14B+4%+2%9%8.9×-13.2%+8.2%
Princes PRN.LUnited Kingdom$1.21B-3%+30%4%12.6×-7.1%+9.3%
Fevertree Drinks FEVR.LUnited Kingdom$1.36B+18%+2%9%33.0×27.9%+5.2%
China Foods 0506.HKHong Kong$1.43B+8%+4%8%10.1×-17.0%+4.3%

Questions

Which companies are Nichols's closest peers?
The cockpit's peer set: Zhe Jiang Li Zi Yuan Food (605337.SS), Nanfang Black Sesame (000716.SZ), Premium Water (2588.T), DyDo (2590.T), Lifedrink (2585.T), Hey-Song (1234.TW), Suja Life (SUJA), LotteChilsung (005300.KS).
Is Nichols expensive compared with its peers?
On forward p/e it trades at 15.1× against a peer median of 14.6×, 6th most expensive of 12 in its peer set. For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -8 pp: the price already allows for a slowdown.
How has Nichols stock performed?
Over six months to 6 Nov 2026 the shares returned +17.7% against -3.0% for the median peer; over one year +5.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.