Added to YB: 2024-03-12
Pitch date: 2024-03-08
NICL.L [bullish]
Nichols plc
+0.66%
current return
Author Info
No bio for this author
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 378.5M
Pitch Price
GBP 9.68
Price Target
N/A
Dividend
3.10%
EV/EBITDA
10.40
P/E
21.63
EV/Sales
1.83
Sector
Beverages
Category
growth
The Dividend Note - Unloved Value Opportunities? - Nichols plc
NICL.L (Nichols plc): Vimto brand driving 2023 success; 3.5% revenue growth to £170.7m, operating margin 13.1%, pre-tax profit +8.7% at £27.2m. FCF up 43% to £20.9m, ROCE 23.3%, net cash £67m with no debt. Shareholder returns likely from surplus cash in 2024; dividend 2.9% yield. Positive outlook, stock fairly valued with cash-adjusted P/E 14 & 5.5% FCF yield.
Read full article (3 min)