Nomad Foods (NOMD) Stock Overview
Manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 1/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
NOMD Community Fair Values
Create NarrativeSee what 49 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Nomad Foods Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.43 |
| 52 Week High | US$18.33 |
| 52 Week Low | US$8.99 |
| Beta | 0.70 |
| 1 Month Change | 14.74% |
| 3 Month Change | 6.00% |
| 1 Year Change | -39.01% |
| 3 Year Change | -42.15% |
| 5 Year Change | -64.28% |
| Change since IPO | -9.70% |
Recent News & Updates
Seeking Alpha • 20h
Nomad Foods: Management Is Buying, The Company Is Buying, And The Stock Is Cheap
Summary Nomad Foods offers investors a stable, defensive business at a deeply discounted valuation, trading under six times 2026 earnings estimates. NOMD combines a 6.7% dividend yield and aggressive share buybacks signaling robust shareholder returns. Recent, substantial insider buying—led by CEO Dominic Brisby and other executives—demonstrates strong internal conviction in NOMD’s undervaluation. I am bullish on NOMD, viewing its capital returns, insider alignment, and turnaround potential as highly attractive at current levels. Read the full article on Seeking Alpha
Narrative Update • Jun 02
NOMD: Insider Buying And Buybacks Will Support Future Upside Potential
Analysts have reduced their price target on Nomad Foods to $12.87 from $16.79, reflecting revised expectations for fair value, revenue growth, profit margins, and future P/E multiples following recent research updates. Analyst Commentary Recent research reports offer a mixed view on Nomad Foods, with some focusing on potential upside if execution improves and others highlighting reasons for greater caution at the current valuation.
Narrative Update • May 17
NOMD: Reset Earnings Expectations While Aggressive Buybacks Will Drive Future Upside Potential
Analysts have nudged their blended price target for Nomad Foods slightly lower to about $15.02 from $15.16, citing recent target cuts following weaker earnings, ongoing volume pressure and modestly adjusted assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research has leaned cautious following weaker earnings, but there are still some constructive signals investors are watching.Recent updates
Seeking Alpha • 20h
Nomad Foods: Management Is Buying, The Company Is Buying, And The Stock Is Cheap
Summary Nomad Foods offers investors a stable, defensive business at a deeply discounted valuation, trading under six times 2026 earnings estimates. NOMD combines a 6.7% dividend yield and aggressive share buybacks signaling robust shareholder returns. Recent, substantial insider buying—led by CEO Dominic Brisby and other executives—demonstrates strong internal conviction in NOMD’s undervaluation. I am bullish on NOMD, viewing its capital returns, insider alignment, and turnaround potential as highly attractive at current levels. Read the full article on Seeking AlphaNarrative Update • Jun 02
NOMD: Insider Buying And Buybacks Will Support Future Upside Potential
Analysts have reduced their price target on Nomad Foods to $12.87 from $16.79, reflecting revised expectations for fair value, revenue growth, profit margins, and future P/E multiples following recent research updates. Analyst Commentary Recent research reports offer a mixed view on Nomad Foods, with some focusing on potential upside if execution improves and others highlighting reasons for greater caution at the current valuation.Narrative Update • May 17
NOMD: Reset Earnings Expectations While Aggressive Buybacks Will Drive Future Upside Potential
Analysts have nudged their blended price target for Nomad Foods slightly lower to about $15.02 from $15.16, citing recent target cuts following weaker earnings, ongoing volume pressure and modestly adjusted assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research has leaned cautious following weaker earnings, but there are still some constructive signals investors are watching.Analysis Article • May 11
Nomad Foods Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
As you might know, Nomad Foods Limited ( NYSE:NOMD ) just kicked off its latest first-quarter results with some very...Narrative Update • May 02
NOMD: Reset Expectations And Buybacks Will Support Long-Term Upside
Narrative Update The updated analyst price target for Nomad Foods moves from about $17.92 to $15.16. This reflects lower fair value estimates as analysts factor in weaker recent earnings, softer outlook commentary and reduced margin expectations.
Narrative Update • Apr 17
NOMD: Share Repurchases Will Offset Cautious Outlook And Softer Volume Trends
Nomad Foods' updated analyst fair value estimate moves from $9.95 to $10.24 as analysts weigh reduced Street price targets following weaker earnings and volume trends against modestly adjusted assumptions for margins, discount rate and future P/E multiples. Analyst Commentary Recent Street research on Nomad Foods has tilted more cautious, with several bearish analysts cutting price targets and, in one case, downgrading the stock.Narrative Update • Apr 03
NOMD: Share Repurchases Will Counter Cautious Outlook For Healthy Living Exposure
Analysts have revised Nomad Foods' fair value estimate from $12.79 to $9.95, reflecting recent price target cuts and cautious commentary on disappointing earnings, organic volume declines and lower future P/E expectations now incorporated into their models. Analyst Commentary Recent research has tilted more cautious, with several bearish analysts trimming price targets after weaker earnings, organic volume pressure and lower P/E assumptions filtered into their models.Narrative Update • Mar 20
NOMD: Share Repurchases Will Support Healthy Living Focused Recovery Potential
Analysts have nudged the fair value estimate for Nomad Foods slightly lower to about $12.79 from $12.83, reflecting reduced price targets in the $13 to $15 range as they factor in a disappointing outlook, weaker recent results, and trimmed earnings estimates. Analyst Commentary Recent Street research has shifted more cautious, with several bearish analysts trimming their price targets into a tighter US$13 to US$15 band as they reassess Nomad Foods' earnings power and execution risks.Narrative Update • Mar 05
NOMD: Healthy Living Focus And Buybacks Will Support Future Rebound
Analysts have trimmed their average price target on Nomad Foods by about $2.40, reflecting weaker recent earnings, softer volume trends and reduced margin expectations that have pulled fair value estimates down from roughly $15.27 to $12.83. Analyst Commentary Recent research notes show a clear tilt toward more cautious views on Nomad Foods, with several bearish analysts cutting their price targets following weaker earnings and softer volume trends.Narrative Update • Feb 19
NOMD: Healthy Living Categories Will Underpin Future Rebound Despite Competitive Pressure
Analysts have trimmed their price target on Nomad Foods to $15 from $17, reflecting updated 2026 sector views. Competition and macro uncertainty are seen as keeping a lid on valuation recovery, despite expectations that healthier-living categories will hold up better.Narrative Update • Feb 05
NOMD: Healthy Living Demand Will Support Rebound Despite Compressed Sector Pricing
Narrative Update Analysts have trimmed their fair value estimate for Nomad Foods to about $15.27 from $17.96, reflecting lower price targets around $15 and concern that weaker fundamentals, tougher competition and higher macro uncertainty could limit any broad recovery in sector valuations. Analyst Commentary Bearish analysts have been resetting expectations for Nomad Foods, with price targets moving closer to the mid teens.Analysis Article • Feb 02
Nomad Foods' (NYSE:NOMD) Dividend Will Be €0.17
Nomad Foods Limited ( NYSE:NOMD ) has announced that it will pay a dividend of €0.17 per share on the 26th of February...Narrative Update • Jan 22
NOMD: Healthy Living Demand And Stable Margins Will Support Future Upside
Analysts have reduced their 12 month price target for Nomad Foods to $15 from $17, citing compressed valuations in the food producers sector and concerns that weak fundamentals and elevated macro uncertainty could limit a broad recovery in the near term. Analyst Commentary Bullish Takeaways Bullish analysts point to the Outperform rating as a sign that, even with a lower US$15 target, they still see room for execution to support upside versus current trading levels.Narrative Update • Jan 07
NOMD: Leadership Transition And Conservative Outlook Will Create Long-Term Upside
Analysts have reduced their price target on Nomad Foods to €17.92 from €27.69, citing updated assumptions for revenue growth, profit margins, the discount rate, and a lower future P/E multiple. What's in the News Nomad Foods issued earnings guidance for full year 2025, indicating it expects results near the low end of its existing ranges, with organic revenue near the low end of its flat to 2% decline range (Company guidance).Narrative Update • Dec 18
NOMD: Stable Margins And New Leadership Will Support Future Earnings Upside
Analysts have raised their price target on Nomad Foods by a modest amount to reflect slightly lower long term discount rate assumptions and stable profit margin expectations, which supports a marginally higher valuation outlook in currency terms. What's in the News Nomad Foods reaffirmed earnings guidance for 2025, indicating results are expected near the low end of existing ranges.Narrative Update • Dec 03
NOMD: Increased Marketing And Cost Controls Will Support Future Profitability Rebound
Analysts have modestly lowered their fair value estimate for Nomad Foods to approximately $16.79 from about $16.88, citing trimmed sales and earnings forecasts amid European market dynamics and anticipated impacts from A&P investment and incentive compensation resets. Analyst Commentary Recent street commentary reflects a generally constructive stance on Nomad Foods, even as near term expectations are recalibrated to reflect evolving European market conditions and updated management guidance.Narrative Update • Nov 19
NOMD: Profitability Will Rebound As Marketing And Cost Actions Take Effect Next Year
Nomad Foods' analyst price target has been revised downward from $20 to $18. This change reflects analysts' more cautious outlook following lower sales and earnings forecasts due to recent market dynamics and company guidance.Analysis Article • Nov 13
We Think Nomad Foods' (NYSE:NOMD) Solid Earnings Are Understated
Nomad Foods Limited ( NYSE:NOMD ) announced a healthy earnings result recently, and the market rewarded it with a...Narrative Update • Nov 05
NOMD: Profitability Will Improve Next Year as Management Refocuses Marketing Spend
Narrative Update on Nomad Foods Analysts have trimmed their price target for Nomad Foods from $20 to $18. They cite modest reductions in sales and earnings forecasts due to ongoing market dynamics in Europe and updates to company investment plans.Narrative Update • Oct 22
Analysts Lower Nomad Foods Price Target Amid Mixed Outlook and Reduced Growth Forecasts
Analysts have reduced their price target for Nomad Foods from approximately $19.83 to $18.67 per share. They cite slightly lower forecasts for sales, profits, and revenue growth.Narrative Update • Oct 08
Frozen Food Trends Will Secure Sustainable Market Leadership
Analysts have lowered their price target for Nomad Foods, with fair value estimates declining by nearly $2 to $19.83. This change reflects modest reductions in sales and earnings projections due to European market headwinds and operational adjustments.Analysis Article • Sep 15
A Piece Of The Puzzle Missing From Nomad Foods Limited's (NYSE:NOMD) Share Price
With a price-to-earnings (or "P/E") ratio of 8.6x Nomad Foods Limited ( NYSE:NOMD ) may be sending very bullish signals...Narrative Update • Aug 08
Frozen Food Trends Will Secure Sustainable Market Leadership
The reduction in Nomad Foods' analyst price target primarily reflects lowered consensus revenue growth forecasts, with valuation multiples remaining stable, resulting in a fair value decrease from $23.92 to $22.23. What's in the News Nomad Foods Limited lowered full-year 2025 earnings guidance, now expecting organic revenue to be flat to -2% versus previous projection of 0%-2% year-on-year growth.Analysis Article • Jul 24
Nomad Foods (NYSE:NOMD) Is Experiencing Growth In Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Analysis Article • Jul 03
Nomad Foods (NYSE:NOMD) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • May 26
Nomad Foods Limited (NYSE:NOMD) Could Be Riskier Than It Looks
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...Analysis Article • May 03
At US$20.13, Is It Time To Put Nomad Foods Limited (NYSE:NOMD) On Your Watch List?
Nomad Foods Limited ( NYSE:NOMD ), might not be a large cap stock, but it saw a significant share price rise of 23% in...Analysis Article • Apr 15
Returns On Capital Are Showing Encouraging Signs At Nomad Foods (NYSE:NOMD)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Seeking Alpha • Mar 05
Nomad Foods Is Performing, But The Name Is Too Bullish On European Momentum
Summary Nomad Foods Limited reported strong Q4 2024 results with 3.1% organic sales growth, driven by volume expansion, marking its best quarter of the year. Despite solid performance, management’s 2025 guidance remains muted, with only 1%-3% organic growth expected, and continued reliance on promotions to drive share. Valuation is not attractive, trading at 13–14x GAAP earnings, with limited growth prospects and no clear catalyst for multiple expansion. I maintain my Hold rating, as NOMD stock lacks compelling reasons to buy at current levels, despite Nomad’s leading position in the European frozen food market. Read the full article on Seeking AlphaAnalysis Article • Feb 22
Investors Holding Back On Nomad Foods Limited (NYSE:NOMD)
With a price-to-earnings (or "P/E") ratio of 14.5x Nomad Foods Limited ( NYSE:NOMD ) may be sending bullish signals at...Analysis Article • Feb 02
Nomad Foods' (NYSE:NOMD) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of Nomad Foods Limited ( NYSE:NOMD ) has announced that it will be paying its dividend of €0.17 on the 26th...Analysis Article • Jan 27
Nomad Foods Limited (NYSE:NOMD) Shares Could Be 48% Below Their Intrinsic Value Estimate
Key Insights Nomad Foods' estimated fair value is US$31.91 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Jan 09
We Think Nomad Foods (NYSE:NOMD) Is Taking Some Risk With Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Seeking Alpha • Jan 04
Nomad Foods: Still Cheap At Around 9x Earnings
Summary European frozen-foods firm Nomad Foods has been a disappointing performer since my opening piece in 2023, modestly underperforming the wider global staples space. Business is by-and-large going okay, with software issues making recent growth figures look worse than they are. Analysts still have the firm growing EPS by high single-digits in 2025 and 2026. Given a ~9x price-earnings ratio, Nomad can deliver solid returns with or without a re-rate. Read the full article on Seeking AlphaAnalysis Article • Dec 06
Returns Are Gaining Momentum At Nomad Foods (NYSE:NOMD)
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...Seeking Alpha • Dec 04
Nomad Foods Had A Good Q3 2024, But I'm Less Attracted To Its Prospects
Summary Nomad Foods' 3Q24 results were mixed, with flat revenues due to ERP issues but growth in key markets like Germany and margin expansion. Despite controlled OpEx and significant A&P growth, the ERP problem impacted UK sales, which would have been up 3% otherwise. The valuation is less attractive now due to higher financing costs and lower expected returns, leading me to change the rating to Hold. NOMD might become a Buy at lower prices, but current yield and growth prospects do not justify a Buy rating. Read the full article on Seeking Alpha
New Narrative • Nov 21
Revitalized Growth Expected As Innovation And Premium Offerings Ignite European Market Expansion
Increased marketing investments and innovation in key markets are expected to drive organic sales growth and improve revenue and net margins.Seeking Alpha • Nov 21
Nomad Foods: Attractive Valuation, But Risks Remain
Summary Nomad Foods is the largest frozen food (excl. ice cream) company in Europe, trading at less than 9x forward earnings. The company has shown consistent free cash flow generation and has a portfolio of well-known brands that in some cases have been around for more than a century. Nomad Foods started as a SPAC in 2014 and acquired many brands along the way. While the company never overpaid for acquisitions, the balance sheet is stretched. At 4.5x EBITDA leverage, rating agencies rate the debt as speculative. Interest expenses equal roughly one third of the average yearly free cash flow. The frozen food industry in Europe is dominated by private label and is highly competitive. Consumers are shifting to cheaper private label goods given the inflationary environment. Nonetheless, current valuations offer a favorable risk-reward for investors who are comfortable with the risks involved. Read the full article on Seeking AlphaAnalysis Article • Sep 25
Cautious Investors Not Rewarding Nomad Foods Limited's (NYSE:NOMD) Performance Completely
With a price-to-earnings (or "P/E") ratio of 13.2x Nomad Foods Limited ( NYSE:NOMD ) may be sending bullish signals at...Seeking Alpha • Sep 13
Nomad Is Preparing For A Good H2 2024 With Volume Recovery, And The Stock Is A Buy
Summary Nomad Foods' 2Q24 results show a positive inflection with volumes growing 1.6%, marking the first increase in three years due to strategic pricing and promotions. Despite lower prices, gross margins rose 270 bps, with gross profits up 10%, primarily reinvested in A&P, leading to flat operating profits. Management is confident in achieving 5% growth in 2H24, with most orders already contracted, ensuring lower risks and strong revenue visibility. NOMD offers a compelling investment with a 10% current earnings yield and potential 3-4% growth, despite financial leverage concerns, making it a Buy. Read the full article on Seeking AlphaAnalysis Article • Sep 04
Nomad Foods (NYSE:NOMD) Takes On Some Risk With Its Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Seeking Alpha • Aug 13
Nomad Foods: A Stable Player Overlooked By The Market
Summary Nomad Foods is a leading European frozen food company with a 16% market share and strong financial health. The company's growth strategy includes organic and inorganic methods, with a focus on acquisitions to expand its market reach. Nomad Foods is undervalued by the market, with potential for growth through capital allocation, dividend payments, and share buybacks. Therefore, my recommendation is "BUY". Read the full article on Seeking AlphaAnalysis Article • Aug 10
Results: Nomad Foods Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
As you might know, Nomad Foods Limited ( NYSE:NOMD ) recently reported its quarterly numbers. It looks like a credible...Seeking Alpha • Jul 08
Nomad Foods: Expect The Free Cash Flow To Increase Throughout The Year
Summary Nomad Foods shifts focus from growth to balance sheet management due to increasing cost of debt. Q1 results show decrease in EBITDA, but stable finance costs and good debt management. Company reconfirms full-year guidance, aiming for 3-4% revenue growth and 3-4% adjusted EBITDA margin; investment thesis remains positive. Read the full article on Seeking AlphaAnalysis Article • Jun 13
Returns On Capital At Nomad Foods (NYSE:NOMD) Have Hit The Brakes
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Shareholder Returns
| NOMD | US Food | US Market | |
|---|---|---|---|
| 7D | 5.2% | 2.1% | 0.8% |
| 1Y | -39.0% | -4.8% | 24.2% |
Return vs Industry: NOMD underperformed the US Food industry which returned -4.8% over the past year.
Return vs Market: NOMD underperformed the US Market which returned 24.2% over the past year.
Price Volatility
| NOMD volatility | |
|---|---|
| NOMD Average Weekly Movement | 5.0% |
| Food Industry Average Movement | 5.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: NOMD has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: NOMD's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | 7,024 | Dominic Brisby | www.nomadfoods.com |
Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products, comprising nuggets, grills, and burgers. It also provides meal products that contain ready-to-cook noodles, pasta, lasagna, pancakes, and other ready-made meals; ice creams, such as in-home and out-of-home ice creams; and other products comprising soups, pizzas, bakery goods, and meat substitutes.
Nomad Foods Limited Fundamentals Summary
| NOMD fundamental statistics | |
|---|---|
| Market cap | US$1.45b |
| Earnings (TTM) | US$153.77m |
| Revenue (TTM) | US$3.46b |
9.5x
P/E Ratio0.4x
P/S RatioIs NOMD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NOMD income statement (TTM) | |
|---|---|
| Revenue | €2.99b |
| Cost of Revenue | €2.18b |
| Gross Profit | €804.90m |
| Other Expenses | €672.00m |
| Earnings | €132.90m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.95 |
| Gross Margin | 26.94% |
| Net Profit Margin | 4.45% |
| Debt/Equity Ratio | 88.5% |
How did NOMD perform over the long term?
See historical performance and comparisonDividends
6.4%
Current Dividend Yield63%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/12 04:32 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nomad Foods Limited is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Lazar | Barclays |
| Donald McLee | Berenberg |
| Peter Saleh | BTIG |