Professional
Added to YB: 2026-07-21
Pitch date: 2026-07-17
MICC [bullish]
The Magnum Ice Cream Company N.V.
+0.38%
current return
Author Info
Upslope Capital is an alternative investment management firm based in Colorado. They manage a global long/short public equity investment strategy. Follow on Twitter/X.
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 10.1B
Pitch Price
EUR 16.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.73
P/E
34.33
EV/Sales
1.65
Sector
Food Products
Category
special_situation
Upslope Capital Management New Position: The Magnum Ice Cream Company N.V.
MICC (new position): World's largest ice cream co (~21% share, 2x #2 Froneri) spun from Unilever late 2025. Owns 4 of top 5 brands (Magnum, Ben & Jerry's). Margin upside to Froneri's ~20% EBITDA vs 16%. Trades 9.5x 2026E EBITDA (17x EPS) vs Froneri 10-11x, <2.5x net lev, PE interest rumored. Risks: GLP-1, FX, weather.
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