Nichols (NICL) - Net Assets
Based on the latest financial reports, Nichols (NICL) has net assets worth GBX94.75 Million GBX (≈ $11.53K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX131.56 Million ≈ $16.01K USD) and total liabilities (GBX36.81 Million ≈ $4.48K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore balance sheet size of Nichols for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX94.75 Million |
| % of Total Assets | 72.02% |
| Annual Growth Rate | 5.34% |
| 5-Year Change | 1.86% |
| 10-Year Change | 10.22% |
| Growth Volatility | 15.17 |
Nichols - Net Assets Trend (1985–2025)
This chart illustrates how Nichols's net assets have evolved over time, based on quarterly financial data. Check NICL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Nichols (1985–2025)
The table below shows the annual net assets of Nichols from 1985 to 2025. For live valuation and market cap data, see Nichols (NICL) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX94.75 Million ≈ $11.53K |
+12.74% |
| 2024-12-31 | GBX84.05 Million ≈ $10.23K |
-13.66% |
| 2023-12-31 | GBX97.34 Million ≈ $11.84K |
+9.70% |
| 2022-12-31 | GBX88.74 Million ≈ $10.80K |
-4.61% |
| 2021-12-31 | GBX93.03 Million ≈ $11.32K |
-22.40% |
| 2020-12-31 | GBX119.88 Million ≈ $14.59K |
-4.36% |
| 2019-12-31 | GBX125.34 Million ≈ $15.25K |
+11.80% |
| 2018-12-31 | GBX112.11 Million ≈ $13.64K |
+12.88% |
| 2017-12-31 | GBX99.32 Million ≈ $12.08K |
+15.53% |
| 2016-12-31 | GBX85.97 Million ≈ $10.46K |
+17.75% |
| 2015-12-31 | GBX73.01 Million ≈ $8.88K |
+25.71% |
| 2014-12-31 | GBX58.08 Million ≈ $7.07K |
+7.67% |
| 2013-12-31 | GBX53.94 Million ≈ $6.56K |
+19.88% |
| 2012-12-31 | GBX44.99 Million ≈ $5.47K |
+23.95% |
| 2011-12-31 | GBX36.30 Million ≈ $4.42K |
+20.30% |
| 2010-12-31 | GBX30.18 Million ≈ $3.67K |
+23.38% |
| 2009-12-31 | GBX24.46 Million ≈ $2.98K |
+15.01% |
| 2008-12-31 | GBX21.27 Million ≈ $2.59K |
-9.49% |
| 2007-12-31 | GBX23.50 Million ≈ $2.86K |
+17.43% |
| 2006-12-31 | GBX20.01 Million ≈ $2.43K |
+17.76% |
| 2005-12-31 | GBX16.99 Million ≈ $2.07K |
-5.90% |
| 2004-12-31 | GBX18.06 Million ≈ $2.20K |
-27.80% |
| 2003-12-31 | GBX25.01 Million ≈ $3.04K |
-7.62% |
| 2002-12-31 | GBX27.07 Million ≈ $3.29K |
-24.77% |
| 2001-12-31 | GBX35.98 Million ≈ $4.38K |
+2.32% |
| 2000-12-31 | GBX35.17 Million ≈ $4.28K |
+6.01% |
| 1999-12-31 | GBX33.17 Million ≈ $4.04K |
+10.51% |
| 1998-12-31 | GBX30.02 Million ≈ $3.65K |
+3.29% |
| 1997-12-31 | GBX29.06 Million ≈ $3.54K |
+14.27% |
| 1996-12-31 | GBX25.43 Million ≈ $3.09K |
+6.38% |
| 1995-12-31 | GBX23.91 Million ≈ $2.91K |
-6.64% |
| 1994-12-31 | GBX25.61 Million ≈ $3.12K |
+16.12% |
| 1993-12-31 | GBX22.05 Million ≈ $2.68K |
+19.84% |
| 1992-12-31 | GBX18.40 Million ≈ $2.24K |
+22.91% |
| 1991-12-31 | GBX14.97 Million ≈ $1.82K |
+25.00% |
| 1990-12-31 | GBX11.98 Million ≈ $1.46K |
+17.06% |
| 1989-12-31 | GBX10.23 Million ≈ $1.24K |
-30.31% |
| 1988-12-31 | GBX14.68 Million ≈ $1.79K |
+17.80% |
| 1987-12-31 | GBX12.46 Million ≈ $1.52K |
+13.53% |
| 1986-12-31 | GBX10.98 Million ≈ $1.34K |
-7.16% |
| 1985-12-31 | GBX11.83 Million ≈ $1.44K |
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Equity Component Analysis
This analysis shows how different components contribute to Nichols's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1175.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX82.92 Million | 87.51% |
| Common Stock | GBX3.70 Million | 3.90% |
| Other Comprehensive Income | GBX1.21 Million | 1.28% |
| Other Components | GBX6.93 Million | 7.31% |
| Total Equity | GBX94.75 Million | 100.00% |
Nichols Competitors by Market Cap
The table below lists competitors of Nichols ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Austin Metals Ltd
AU:AYT
|
$4.65 Million |
|
Kanger International Bhd
KLSE:0170
|
$4.66 Million |
|
Fidelity Asian Values
LSE:FAS
|
$4.66 Million |
|
Pacte Novation
PA:MLPAC
|
$4.66 Million |
|
zSpace, Inc. Common stock
NASDAQ:ZSPC
|
$4.65 Million |
|
PAVmed Inc
NASDAQ:PAVM
|
$4.64 Million |
|
First Helium Inc
V:HELI
|
$4.64 Million |
|
Treasure Global Inc.
NASDAQ:TGL
|
$4.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nichols's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 84,045,000 to 94,752,000, a change of 10,707,000 (12.7%).
- Net income of 21,442,000 contributed positively to equity growth.
- Dividend payments of 11,731,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,471,000.
- Other factors increased equity by 3,467,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX21.44 Million | +22.63% |
| Dividends Paid | GBX11.73 Million | -12.38% |
| Other Comprehensive Income | GBX-2.47 Million | -2.61% |
| Other Changes | GBX3.47 Million | +3.66% |
| Total Change | GBX- | 12.74% |
Book Value vs Market Value Analysis
This analysis compares Nichols's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 405.41x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4078.03x to 405.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | GBX0.26 | GBX1045.00 | x |
| 1986-12-31 | GBX0.24 | GBX1045.00 | x |
| 1987-12-31 | GBX0.27 | GBX1045.00 | x |
| 1988-12-31 | GBX0.31 | GBX1045.00 | x |
| 1989-12-31 | GBX0.24 | GBX1045.00 | x |
| 1990-12-31 | GBX0.30 | GBX1045.00 | x |
| 1991-12-31 | GBX0.38 | GBX1045.00 | x |
| 1992-12-31 | GBX0.46 | GBX1045.00 | x |
| 1993-12-31 | GBX0.56 | GBX1045.00 | x |
| 1994-12-31 | GBX0.65 | GBX1045.00 | x |
| 1995-12-31 | GBX0.60 | GBX1045.00 | x |
| 1996-12-31 | GBX0.65 | GBX1045.00 | x |
| 1997-12-31 | GBX0.76 | GBX1045.00 | x |
| 1998-12-31 | GBX0.80 | GBX1045.00 | x |
| 1999-12-31 | GBX0.87 | GBX1045.00 | x |
| 2000-12-31 | GBX0.96 | GBX1045.00 | x |
| 2001-12-31 | GBX0.99 | GBX1045.00 | x |
| 2002-12-31 | GBX0.73 | GBX1045.00 | x |
| 2003-12-31 | GBX0.69 | GBX1045.00 | x |
| 2004-12-31 | GBX0.49 | GBX1045.00 | x |
| 2005-12-31 | GBX0.46 | GBX1045.00 | x |
| 2006-12-31 | GBX0.54 | GBX1045.00 | x |
| 2007-12-31 | GBX0.64 | GBX1045.00 | x |
| 2008-12-31 | GBX0.58 | GBX1045.00 | x |
| 2009-12-31 | GBX0.66 | GBX1045.00 | x |
| 2010-12-31 | GBX0.82 | GBX1045.00 | x |
| 2011-12-31 | GBX0.99 | GBX1045.00 | x |
| 2012-12-31 | GBX1.22 | GBX1045.00 | x |
| 2013-12-31 | GBX1.46 | GBX1045.00 | x |
| 2014-12-31 | GBX1.57 | GBX1045.00 | x |
| 2015-12-31 | GBX1.98 | GBX1045.00 | x |
| 2016-12-31 | GBX2.33 | GBX1045.00 | x |
| 2017-12-31 | GBX2.69 | GBX1045.00 | x |
| 2018-12-31 | GBX3.04 | GBX1045.00 | x |
| 2019-12-31 | GBX3.40 | GBX1045.00 | x |
| 2020-12-31 | GBX3.24 | GBX1045.00 | x |
| 2021-12-31 | GBX2.52 | GBX1045.00 | x |
| 2022-12-31 | GBX2.43 | GBX1045.00 | x |
| 2023-12-31 | GBX2.67 | GBX1045.00 | x |
| 2024-12-31 | GBX2.30 | GBX1045.00 | x |
| 2025-12-31 | GBX2.58 | GBX1045.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nichols utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.25%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 1.39x
- Recent ROE (22.63%) is above the historical average (20.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 25.35% | 13.33% | 1.36x | 1.40x | GBX1.82 Million |
| 1986 | 34.88% | 13.33% | 1.49x | 1.76x | GBX2.73 Million |
| 1987 | 30.63% | 12.41% | 1.50x | 1.65x | GBX2.57 Million |
| 1988 | 28.87% | 10.77% | 1.72x | 1.56x | GBX2.77 Million |
| 1989 | 35.62% | 7.32% | 2.53x | 1.93x | GBX2.62 Million |
| 1990 | 37.87% | 9.10% | 2.40x | 1.73x | GBX3.34 Million |
| 1991 | 34.54% | 11.00% | 1.97x | 1.60x | GBX3.67 Million |
| 1992 | 30.45% | 11.91% | 1.63x | 1.56x | GBX3.76 Million |
| 1993 | 26.90% | 12.00% | 1.54x | 1.46x | GBX3.73 Million |
| 1994 | 23.39% | 10.63% | 1.50x | 1.47x | GBX3.43 Million |
| 1995 | 26.46% | 9.64% | 1.69x | 1.62x | GBX3.92 Million |
| 1996 | 25.82% | 9.04% | 1.79x | 1.60x | GBX4.02 Million |
| 1997 | 24.97% | 9.67% | 1.62x | 1.60x | GBX4.35 Million |
| 1998 | 18.28% | 7.52% | 1.41x | 1.73x | GBX2.48 Million |
| 1999 | 18.69% | 7.68% | 1.30x | 1.87x | GBX2.88 Million |
| 2000 | 14.92% | 5.80% | 1.27x | 2.03x | GBX1.73 Million |
| 2001 | 11.31% | 4.32% | 1.26x | 2.07x | GBX470.50K |
| 2002 | -20.92% | -5.88% | 1.56x | 2.28x | GBX-8.37 Million |
| 2003 | 6.95% | 1.79% | 1.64x | 2.37x | GBX-762.80K |
| 2004 | -48.19% | -9.88% | 2.33x | 2.09x | GBX-10.51 Million |
| 2005 | 23.33% | 6.26% | 1.52x | 2.45x | GBX2.26 Million |
| 2006 | 31.35% | 12.00% | 1.41x | 1.85x | GBX4.27 Million |
| 2007 | 24.13% | 10.26% | 1.45x | 1.62x | GBX3.32 Million |
| 2008 | 13.90% | 5.26% | 1.54x | 1.72x | GBX830.40K |
| 2009 | 34.16% | 11.54% | 1.69x | 1.76x | GBX5.91 Million |
| 2010 | 35.87% | 12.90% | 1.66x | 1.67x | GBX7.81 Million |
| 2011 | 36.71% | 13.47% | 1.53x | 1.78x | GBX9.70 Million |
| 2012 | 33.91% | 14.16% | 1.47x | 1.63x | GBX10.76 Million |
| 2013 | 26.16% | 12.84% | 1.38x | 1.48x | GBX8.72 Million |
| 2014 | 24.36% | 12.95% | 1.27x | 1.48x | GBX8.34 Million |
| 2015 | 30.45% | 20.35% | 1.12x | 1.34x | GBX14.93 Million |
| 2016 | 29.64% | 21.71% | 1.00x | 1.36x | GBX16.88 Million |
| 2017 | 23.33% | 17.45% | 1.04x | 1.28x | GBX13.24 Million |
| 2018 | 22.76% | 17.96% | 1.00x | 1.26x | GBX14.30 Million |
| 2019 | 21.41% | 18.26% | 0.94x | 1.25x | GBX14.30 Million |
| 2020 | 4.05% | 4.09% | 0.81x | 1.22x | GBX-7.13 Million |
| 2021 | -23.83% | -15.36% | 1.10x | 1.41x | GBX-31.47 Million |
| 2022 | 13.11% | 7.05% | 1.35x | 1.38x | GBX2.76 Million |
| 2023 | 18.86% | 10.75% | 1.30x | 1.35x | GBX8.63 Million |
| 2024 | 21.22% | 10.32% | 1.42x | 1.45x | GBX9.43 Million |
| 2025 | 22.63% | 12.25% | 1.33x | 1.39x | GBX11.97 Million |
Industry Comparison
This section compares Nichols's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $1,609,331,240
- Average return on equity (ROE) among peers: 17.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nichols (NICL) | GBX94.75 Million | 25.35% | 0.39x | $4.65 Million |
| A.G.Barr PLC (BAG) | $201.90 Million | 18.42% | 0.43x | $8.24 Million |
| Coca-Cola Europacific Partners PLC (CCEP) | $3.47 Billion | 15.49% | 4.89x | $416.71 Million |
| Coca Cola HBC AG (CCH) | $2.64 Billion | 0.00% | 0.85x | $214.01 Million |
| Fevertree Drinks Plc (FEVR) | $130.08 Million | 34.98% | 0.32x | $11.85 Million |
About Nichols
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. It operates through Packaged and Out of Home segments. The company offers squash, still drinks, flavored water and carbonates, and energy drinks under the Vimto, Levi Roots, and SLUSH… Read more