Added to YB: 2026-07-14
Pitch date: 2026-07-10
NOMD [bullish]
Nomad Foods Limited
-1.2%
current return
Author Info
No bio for this author
Company Info
Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally.
Market Cap
$1.4B
Pitch Price
$11.62
Price Target
23.00 (+99%)
Dividend
5.90%
EV/EBITDA
7.03
P/E
11.18
EV/Sales
1.15
Sector
Food Products
Category
value
Nomad Foods $NOMD: The Deep Value Frozen Food Giant
NOMD: European frozen food leader (Birds Eye, Iglo, Findus), 75%+ core brand share. Q1'26 rev €715M (-5.9% YoY) on temp inventory drag, retail sell-out flat. Trades <6x fwd earnings, ~$1.56B cap, €1.8B net debt. FCF conversion 36%, ~6.7% div yield + buybacks. 2030 EBITDA ~€550M at 8.5x EV/EBITDA implies >100% upside. Insiders 16.2%. Prime PE/strategic M&A target. Risks: supply chain, FX, Ukraine.
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