Nichols (LSE:NICL) ROCE %: 37.93% (As of Dec. 2025)

What is Nichols ROCE %?

Nichols LSE:NICL +1.47% 74 ROCE % is 37.93% as of Dec. 2025. GuruFocus rates LSE:NICL with a GF Score™ of 74/100 and a GF Value™ of £11.14 (Modestly Undervalued). The stock has 1 warning sign investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nichols's annualized ROCE % for the quarter that ended in Dec. 2025 was 37.93%.

Nichols (LSE:NICL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nichols ROCE % Related Terms

Nichols ROCE % Historical Data

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The historical data trend for Nichols's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nichols ROCE % Chart

Nichols Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-15.73

14.74

25.48

25.92

31.60

Nichols Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROCE %	Get a 7-Day Free Trial															27.05	23.37	26.03	26.04	37.93

74GF Score

Nichols PLC LSE:NICL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Nichols ROCE % Calculation

Nichols's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	29.359	/	( ( (121.486 - 35.026)	+	(131.561 - 32.191) )	/ 2 )
	=	29.359	/	( (86.46	+	99.37)	/ 2 )
	=	29.359	/	92.915
	=	31.60 %

Nichols's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	35.814	/	( ( (129.623 - 40.142)	+	(131.561 - 32.191) )	/ 2 )
	=	35.814	/	( ( 89.481	+	99.37 )	/ 2 )
	=	35.814	/	94.4255
	=	37.93 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 37.93% mean?

Nichols (LSE:NICL) has a ROCE % of 37.93% as of Dec. 2025.

Is Nichols' ROCE % too high?

Nichols' current ROCE % is 37.93%. The Beverages - Non-Alcoholic industry median ROCE % is 12.40. Nichols' value of 37.93% is 206% above this industry median. Overall, Nichols has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Nichols' ROCE % compare to KO and PEP?

Nichols' ROCE % of 37.93% can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median ROCE % is 12.40. Nichols' value of 37.93% is 206% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Beverages - Non-Alcoholic company?

The median ROCE % among Beverages - Non-Alcoholic companies is 12.40, based on 114 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nichols's current ROCE % of 37.93% is 206% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Beverages - Non-Alcoholic industry, the median ROCE % is 12.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichols's current ROCE % is 37.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nichols stock overvalued right now?

Based on GuruFocus' analysis, Nichols (LSE:NICL) is currently considered Modestly Undervalued. The stock's GF Value™ is £11.14, compared to a current price of £9.64 — trading 13.5% below its estimated fair value. The current ROCE % is 37.93% and 206% above the Beverages - Non-Alcoholic industry median of 12.40. Nichols' overall GF Score™ is 74/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Nichols (LSE:NICL), the current ROCE % is 37.93% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nichols (LSE:NICL) Overvalued in 2026?

Based on GuruFocus' analysis, Nichols stock appears to be undervalued. The current stock price of £9.64 is trading 13.5% below its estimated GF Value™ of £11.14. GuruFocus considers Nichols to be Modestly Undervalued.

Key valuation signals for LSE:NICL:

ROCE %: 37.93%
GF Value™: £11.14 vs. price of £9.64 (13.5% below fair value)
GF Score™: 74/100 with 1 warning sign
Industry Position: 206% above the Beverages - Non-Alcoholic median

No single metric tells the full story. See the LSE:NICL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nichols Business Description

Industry Consumer Defensive Beverages - Non-Alcoholic

Comparable Companies LSE:BAG LSE:FEVR KO PEP MNST HKSE:09633 KDP LSE:CCEP LSE:CCH COCSF MEX:AC NSE:VBL COKE SHSE:605499 HKSE:02097 PRMB TSE:2587 SHSE:603156 CELH TSE:2267

Other Exchanges NICLl:UK NRV:Germany

Address Ashton Road, Laurel House, 5 Woodlands Park, Newton-le-Willows, Merseyside, GBR, WA12 0HH

Website https://www.nicholsplc.co.uk

Nichols PLC is an international soft drinks company that sells products in both the still and carbonated categories. The company markets its products under the Vimto brand, which is popular in the UK and around the globe, particularly in the Middle East & Africa. Other brands in its portfolio include Slush Puppie, Starslush, Fryst, Icee, Levi Roots, & Sunkist. Geographically, the majority of the company's revenue comes from the United Kingdom. The company has one segment, which includes Packaged, comprising the Group's manufactured concentrate & packaged bottle & can sales for distribution through grocery stores, wholesalers, convenience stores, & independent retailers. Out of Home comprises the Group's postmix soft drinks, premium mixers, & ICEE frozen drinks for consumption out of home.

74GF Score

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£9.64

Price

£11.14

GF Value

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