Company Valuation: Nichols plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 550.2 391.2 415.8 463.9 348.9 420.6 - -
Change - -28.89% 6.3% 11.56% -24.8% 20.55% - -
Enterprise Value (EV) 1 493.5 334.9 348.8 408.8 293.1 416.6 404.6 391.8
Change - -32.13% 4.15% 17.18% -28.28% 42.11% -2.87% -3.17%
P/E -24.9x 33.7x 22.7x 26x 16.4x 17.1x 13.9x 13.1x
PBR 5.92x 4.42x 4.27x 5.52x 3.7x 3.97x 3.6x 3.28x
PEG - -0x 0.4x -8.66x 0.8x 1.1x 0.6x 1.96x
Capitalization / Revenue 3.81x 2.37x 2.44x 2.68x 1.99x 2.2x 1.95x 1.85x
EV / Revenue 3.42x 2.03x 2.04x 2.37x 1.67x 2.18x 1.88x 1.72x
EV / EBITDA 20.8x 11.5x 12.7x 13.3x 8.67x 11.3x 9.51x 8.7x
EV / EBIT 22.5x 13.6x 13.8x 14.2x 9.25x 12.1x 9.94x 9.09x
EV / FCF 26.4x 22.2x 17.9x 25.5x 22.9x 15.2x 13.3x 11.6x
FCF Yield 3.78% 4.51% 5.6% 3.93% 4.37% 6.57% 7.54% 8.65%
Dividend per Share 2 0.231 0.277 0.282 0.32 0.337 0.479 0.5473 0.5885
Rate of return 1.55% 2.58% 2.47% 2.52% 3.53% 4.17% 4.76% 5.12%
EPS 2 -0.6004 0.3182 0.5032 0.4881 0.5833 0.6712 0.8255 0.8807
Distribution rate -38.5% 87.1% 56% 65.6% 57.8% 71.4% 66.3% 66.8%
Net sales 1 144.3 164.9 170.7 172.8 175.1 191 215.2 227.3
EBITDA 1 23.7 29.12 27.54 30.77 33.8 36.8 42.57 45.02
EBIT 1 21.92 24.6 25.19 28.86 31.7 34.52 40.7 43.1
Net income 1 -22.17 11.64 18.36 17.84 21.44 25.08 30.59 32.78
Net Debt 1 -56.67 -56.3 -67.03 -55.18 -55.74 -3.966 -15.92 -28.74
Reference price 2 14.92 10.72 11.40 12.70 9.54 11.50 11.50 11.50
Nbr of stocks (in thousands) 36,861 36,476 36,478 36,530 36,570 36,570 - -
Announcement Date 3/2/22 3/1/23 3/6/24 3/11/25 3/11/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.21x8.11x23.23x2.42% 378B
19.49x2.73x10.65x2.95% 43.27B
18.5x1.63x10.2x2.44% 22.47B
16.89x1.48x7.28x4.84% 19.77B
9.84x1.78x9.68x4.24% 15.32B
40.54x5.38x23.34x0.45% 14.47B
15.72x0.66x4.99x2.65% 9.02B
24.96x1.79x8.26x2.27% 7.66B
Average 21.52x 2.95x 12.20x 2.78% 63.76B
Weighted average by Cap. 24.65x 6.62x 20.02x 2.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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