Added to YB: 2024-07-05
Pitch date: 2024-07-03
NOMD [bullish]
Nomad Foods Limited
-24.96%
current return
Author Info
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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
$15.22
Price Target
24.00 (+110%)
Dividend
5.95%
EV/EBITDA
7.00
P/E
11.06
EV/Sales
1.14
Sector
Food Products
Category
value
Show full summary:
Reiterating 'Buy' On These Picks - Nomad Foods Limited
NOMD: European frozen food maker; -4.6% since March '23 call. 2023: EPS -4.2%, volume -9.5%, pricing +14.4%. 2024 outlook: volume/mix positive, EPS +9-12%. <9x P/E, <10x FCF. Solid mgmt, aggressive share buybacks. Risks: Europe shock, perpetual low valuation. $24 PT (20%+ upside). 12x $2 2025 EPS = 50% return potential.
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