Added to YB: 2026-08-21
Pitch date: 2026-08-19
MICC [bullish]
The Magnum Ice Cream Company N.V.
+2.1%
current return
Author Info
No bio for this author
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 10.2B
Pitch Price
EUR 16.64
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.12
P/E
56.34
EV/Sales
1.67
Sector
Food Products
Category
growth
Magnum Ice Cream Company, The Box in Someone Else's Shop
MICC: Unilever ice cream spinoff (Magnum, Ben&Jerry's) at ~10x EBITDA, €13.1bn EV. Bull: 3M cabinet network = distribution moat, €500m productivity plan, AMEA runway, aligned incentives. FCF thesis: €99m comparable H1 vs €800m-1bn target by 2029. Risks: Turkey regulator, GLP-1, TSA carve-out to 2027, €3bn debt.
Read full article (26 min)