Added to YB: 2026-05-26
Pitch date: 2026-05-24
NICL.L [neutral]
Nichols plc
Author Info
Roland Head is a private investor focusing on UK dividend stocks. Sign up for the newsletter.
Company Info
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.
Market Cap
GBP 346.7M
Pitch Price
N/A
Price Target
11.50 (+21%)
Dividend
3.55%
EV/EBITDA
8.71
P/E
16.25
EV/Sales
1.69
Sector
Beverages
Category
dividend
Nichols: fizzy yield could provide durable income
NICL.L (overview): 118-yr Vimto-maker trades 13x FY26E P/E, 5.5% yield. FY25: rev +1.3% to £175M, PBT +21.5% to £29M, margin 15.6% (vs 12.4%), ROCE 27.5%, £56M net cash. Family-owned capital-light model (like Coca-Cola) drives high returns. 25% rev from exports (Africa/Middle East). Risks: ME conflict supply volatility, sugary drinks headwinds.
Read full article (11 min)