Nichols (NICL)

Sector:

Beverages

Index:

FTSE AIM 50

998.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 1,200.00
  • 52 Week Low: 882.00
  • Currency: UK Pounds
  • Shares Issued: 36.97m
  • Volume: 12,573
  • Market Cap: £368.95m
  • RiskGrade: 263

Key Financials

  £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Annualisation Factor 1.0 1.0 1.0
Dividend Yield 3.0% 4.0% 5.5%
       
Continuing Operations      
PE Ratio - Adjusted 14.9 12.8 10.2
PE Ratio - Diluted 15.3
14.6		 13.3
13.0		 25.2
10.2
PEG - Adjusted 0.5 0.8 n/a
PEG - Diluted 0.5
0.4		 0.1
0.8		 n/a
n/a
Return on Capital Employed 80.86%
83.77%		 83.24%
85.32%		 32.47%
82.55%
Operating Margin 17.67%
18.31%		 16.87%
17.29%		 6.87%
17.47%
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted 14.9 12.8 10.2
PE Ratio - Diluted 15.3
14.6		 13.3
13.0		 25.2
10.2
PEG - Adjusted 0.5 0.8 n/a
PEG - Diluted 0.5
0.4		 0.1
0.8		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09 31-Dec-08
Net Gearing n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Price/Book Value 9.0 7.6 6.3
Price/Tangible Book Value 9.0 7.6 6.3
Price/ Cash Flow 14.4 10.0 10.9
Price/Revenue 1.97 1.52 1.32
Price/R&D n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 49.99p 39.86p 32.20p
Net Cash per Share n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09 31-Dec-08
Continuing Operations      
Revenue 83.90 72.38 56.22
EBITDA 15.37
15.90		 12.83
13.13		 4.52
10.48
Depreciation (0.54)
(0.54)		 (0.62)
(0.62)		 (0.66)
(0.66)
Net Interest (0.03)
(0.03)		 (0.28)
(0.28)		 0.23
0.23
Profit Before Tax 14.79
15.32		 11.93
12.23		 4.10
10.06
       
Revenue per Share 229.66p 198.03p 154.11p
Pre-Tax Profit per Share 40.49p
41.95p		 32.63p
33.47p		 11.23p
27.57p
Market Capitalisation £ (Millions) 166.91 111.28 75.42
Enterprise Value (EV) £ (Millions) 166.91 111.28 75.42
EBITDA/EV 9.21%
9.53%		 11.53%
11.80%		 5.99%
13.90%
Operating Margin 17.67%
18.31%		 16.87%
17.29%		 6.87%
17.47%
Capital Employed £ (Millions) 18.33 14.67 11.90
Return on Capital Employed 80.86%
83.77%		 83.24%
85.32%		 32.47%
82.55%
Invested Equity Capital £ (Millions) 30.25 24.56 21.42
       
Earnings per Share - Basic 29.63p
30.88p		 22.86p
23.48p		 8.10p
20.08p
Earnings per Share - Diluted 29.59p
30.84p		 22.57p
23.19p		 8.10p
20.07p
Earnings per Share - Adjusted 30.23p 23.44p 20.03p
Earnings per Share Growth - Basic 30%
32%		 182%
17%		 n/a
n/a
Earnings per Share Growth - Diluted 31%
33%		 179%
16%		 n/a
n/a
Earnings per Share Growth - Adjusted 29% 17% n/a
PE Ratio - Diluted 15.3
14.6		 13.3
13.0		 25.2
10.2
PEG - Diluted 0.5
0.4		 0.1
0.8		 n/a
n/a
Tax Rate 26.82% 29.95% 27.84%
Dividend Cover 2.23
2.28		 1.93
1.93		 1.80
1.80
Interest Cover 91.74
95.01		 34.13
34.97		 76.89
187.26
       
Continuing & Discontinued Operations      
Earnings per Share - Basic 29.63p
30.88p		 22.86p
23.48p		 8.10p
20.08p
Earnings per Share - Diluted 29.59p
30.84p		 22.57p
23.19p		 8.10p
20.07p
Earnings per Share - Adjusted 30.23p 23.44p 20.03p
Earnings per Share Growth - Basic 30%
32%		 182%
17%		 n/a
n/a
Earnings per Share Growth - Diluted 31%
33%		 179%
16%		 n/a
n/a
Earnings per Share Growth - Adjusted 29% 17% n/a
PE Ratio - Diluted 15.3
14.6		 13.3
13.0		 25.2
10.2
PEG - Diluted 0.5
0.4		 0.1
0.8		 n/a
n/a
Dividend Cover 2.23
2.28		 1.93
1.93		 1.80
1.80
Return on Equity (ROE) 35.78%
37.30%		 34.02%
34.94%		 13.80%
34.20%
Operating Cash Flow per Share 31.33p 30.17p 18.69p
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share 10.27p 14.14p (4.84p)
Capital Expenditure per Share n/a n/a n/a
Dividend per Share 13.55p 12.15p 11.15p
Dividend per Share Growth 11.52% 8.97% n/a
Dividend Yield 3.0% 4.0% 5.5%
Shareholders Funds 30.18 24.46 21.27
Net Borrowings £ (Millions) (14.97) (11.22) (6.05)
Net Asset Value per Share (inc. Intangibles) 49.99p 39.86p 32.20p

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds inc Intangibles 30.18 24.46 21.27
Net Borrowings £ (Millions) (14.97) (11.22) (6.05)
Net Gearing n/a n/a n/a
Cash & Near Cash 14.97 11.22 6.05
Cash 49.60% 45.85% 28.44%
Gross Borrowings n/a n/a n/a
Gross Gearing n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a
Under 5 years n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds exc Intangibles 18.26 14.57 11.75
Net Borrowings £ (Millions) (14.97) (11.22) (6.05)
Net Gearing n/a n/a n/a
Cash & Near Cash 14.97 11.22 6.05
Cash 81.96% 76.99% 51.49%
Gross Borrowings n/a n/a n/a
Gross Gearing n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a
Under 5 years n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-10 31-Dec-09 31-Dec-08
Quick Ratio 1.94 1.90 1.69
Current Ratio 2.16 2.10 1.93

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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