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Fundamentals snapshot

Nomad Foods Limited

NOMD · NYQ · Consumer Defensive · Packaged Foods

Current price

$11.63

52-week range

$8.99 - $13.08

Market cap

$1.63B

One-glance verdict

Undervalued

$36.03 our estimate vs market $11.63

Wall Street consensus: $13.85 (-61.6% lower than our fair-value estimate)

Balance sheet

Stretched

3.54x Stretched

Net debt $2.26B. Interest coverage shows how many times profit covers the interest bill.

What this company does

Nomad Foods Limited

Nomad Foods makes and sells frozen foods like fish sticks, vegetables, and ready-made meals under well-known brand names such as Birds Eye and iglo. Most of their sales come from supermarkets in the UK and Europe, and this matters because it shows they are a big player in the frozen food market across these regions.

Price history

How the share price has moved

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Is it cheap or expensive?

Fair value $36.03 vs current price $11.63

Wall Street consensus is the average analyst price target: $13.85 (-61.6% lower than our fair-value estimate).

Our most-likely fair value is $36.03 a share — about 209.8% above today's price of $11.63, so the stock currently looks cheap (undervalued).

undervalued

We estimate the cash this business should generate over the next 10 years and beyond, then convert it to today's money for a fair value per share, in its trading currency. Cautious, middle and optimistic growth cases give a range. Not for banks/insurers.

Base

Growth 2.5% · Discount 7.2% · Terminal 2.5%

$36.03

Bear

Growth 2.5% · Discount 7.2% · Terminal 2.5%

$36.03

Bull

Growth 5.5% · Discount 7.2% · Terminal 2.5%

$46.19

Is it drowning in debt?

Stretched

Net debt $2.3B. Interest coverage 3.5x.

Net debt $2.26B
Interest coverage 3.54x

Nomad Foods Limited's profit covers its interest bill about 3.5 times over. which is stronger than most peers shown here.

Stretched
Worse cushion Baseline Better cushion
NOMD BASELINE Nomad Foods Limited

Total debt $2.57B Interest coverage 3.54x This is the baseline the peer rows are being compared against.

3.54x
CPB The Campbell's Company

Total debt $7.45B Interest coverage 3.17x -11% vs NOMD Has roughly the same debt cushion as NOMD.

3.17x -11% vs NOMD
GIS General Mills, Inc.

Total debt $13.62B Interest coverage 4.93x +39% vs NOMD Carries about 1.4x more debt cushion than NOMD.

4.93x +39% vs NOMD
POST Post Holdings, Inc.

Total debt $7.63B Interest coverage 2.29x -35% vs NOMD Carries about 1.5x less debt cushion than NOMD.

2.29x -35% vs NOMD
KHC The Kraft Heinz Company

Total debt $18.00B Interest coverage 4.90x +38% vs NOMD Carries about 1.4x more debt cushion than NOMD.

4.90x +38% vs NOMD
LW Lamb Weston Holdings, Inc.

Total debt $3.96B Interest coverage 3.85x +9% vs NOMD Has roughly the same debt cushion as NOMD.

3.85x +9% vs NOMD

What you should know

The case for and against NOMD

3 Rewards 2 Risks

Rewards

  • Returns 5.2% on equity, ahead of 33% of its peers.
  • Free cash flow was positive in 4/10 years.
  • Trades at 10.4x P/E vs peer median 16.5x (37.3% cheaper).

Risks

  • Net debt grew 9.4% over 3 years.
  • Operating margin compressed from 14.4% to 13.0% over 3 years.

The numbers

All the key metrics, grouped by purpose

Tap any ? icon to learn what it means.

Valuation

How expensive the stock looks

P/E (TTM)
10.38x
Forward P/E
7.26x
P/B
0.56x
P/S
0.55x
EV/EBITDA
8.04x
PEG ratio
—

Profitability

How much profit each dollar creates

Gross margin
26.9%
Operating margin
13.0%
Net margin
4.5%
ROE
5.2%
ROA
3.8%

Health

Liquidity and balance-sheet strength

Debt / equity
0.89x
Current ratio
1.11x
Quick ratio
0.66x
Total debt
$2.57B
Total cash
$305.88M

Growth

How the business has been compounding

Revenue TTM
$3.31B
Revenue 5Y CAGR
1.0%
EPS TTM
1.12
EPS 5Y CAGR
-14.0%

Cash flow

How much cash the business throws off

Operating CF TTM
$367.04M
Free CF TTM
$279.91M
FCF margin
8.5%

Dividend

Shareholder payout

Yield
5.8%
Payout ratio
60.9%
Last ex-div date
2026-11-10