Added to YB: 2026-05-05
Pitch date: 2026-05-01
MICC [neutral]
The Magnum Ice Cream Company N.V.
+19.26%
current return
Author Info
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Company Info
The Magnum Ice Cream Company N.V. engages in the ice cream business in the Netherlands. The company offers its products under the Magnum, Ben & Jerry's, Cornetto, and Wall's brands.
Market Cap
EUR 9.5B
Pitch Price
EUR 12.65
Price Target
38.00 (+152%)
Dividend
N/A
EV/EBITDA
10.25
P/E
N/A
EV/Sales
1.57
Sector
Food Products
Category
special_situation
Quick Value - Magnum Ice Cream (MICC)
MICC (overview): Unilever Dec '25 ice cream spin, 21% global mkt share, trades 13x NTM P/E & 8x EBITDA. FY25 revs flat €7.9bn, EBITDA margins fell to 15.9%, FCF near zero on €800M separation costs (€365M '26, €150M '27). Mgmt targets 3-5% organic growth, 40-60bps annual margin expansion to 17-18%, €800M-€1bn FCF by '28-'29 via €500M cost savings. Upside to €25-38/sh (67-150%) if plan works; downside to $10 (33%) if EBITDA stalls. Cocoa cost risk.
Read full article (6 min)