Added to YB: 2025-02-18
Pitch date: 2025-02-15
NOMD [bullish]
Nomad Foods Limited
-27.69%
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
$1.6B
Pitch Price
$17.35
Price Target
N/A
Dividend
5.51%
EV/EBITDA
6.82
P/E
8.22
EV/Sales
1.14
Sector
Food Products
Category
turnaround
Nomad Foods Limited - $NOMD
NOMD: Leading EU frozen food co. w/ strong brands. Q3 rev +0.8%, vol +0.7%, EBITDA +19%. 'Must Win Battles' strategy driving turnaround. 17.7% insider ownership. $250-300M FCF, new dividend, buybacks. 3.7-4x debt/EBITDA. 5-7% EPS growth expected. Potential 10%+ IRR. Risks: EU consumer spending, high debt.
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