Nomad Foods Valuation

Is 0NH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0NH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0NH (€16.4) is trading below our estimate of fair value (€30.2)

Significantly Below Fair Value: 0NH is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0NH?

Key metric: As 0NH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0NH. This is calculated by dividing 0NH's market cap by their current earnings.
What is 0NH's PE Ratio?
PE Ratio13.7x
Earnings€200.40m
Market Cap€2.74b

Price to Earnings Ratio vs Peers

How does 0NH's PE Ratio compare to its peers?

The above table shows the PE ratio for 0NH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.2x
SZU Südzucker
6.8x-10.2%€2.3b
SSH Südwestdeutsche Salzwerke
15.8xn/a€630.5m
NLM FRoSTA
12.2xn/a€415.6m
KWS KWS SAAT SE KGaA
9.9x-1.0%€2.0b
0NH Nomad Foods
13.7x20.4%€2.9b

Price-To-Earnings vs Peers: 0NH is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (11.2x).


Price to Earnings Ratio vs Industry

How does 0NH's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0NH 13.7xIndustry Avg. 13.4xNo. of Companies17PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NH is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the European Food industry average (13.5x).


Price to Earnings Ratio vs Fair Ratio

What is 0NH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0NH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio24.2x

Price-To-Earnings vs Fair Ratio: 0NH is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0NH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€16.40
€22.77
+38.9%
9.3%€26.09€19.85n/a8
Nov ’25€15.80
€22.33
+41.3%
8.6%€25.42€18.97n/a8
Oct ’25€16.70
€22.32
+33.6%
8.4%€25.22€18.97n/a8
Sep ’25€16.40
€22.43
+36.8%
8.2%€25.61€19.21n/a8
Aug ’25€17.30
€22.56
+30.4%
8.8%€25.92€19.25n/a8
Jul ’25€15.00
€22.67
+51.1%
7.7%€25.73€20.34n/a8
Jun ’25€15.80
€22.69
+43.6%
8.0%€26.00€20.34n/a8
May ’25€16.90
€22.14
+31.0%
7.5%€24.86€20.32n/a9
Apr ’25€17.80
€22.28
+25.2%
6.9%€24.86€20.32n/a8
Mar ’25€16.70
€22.26
+33.3%
6.8%€24.71€20.32n/a8
Feb ’25€16.30
€22.08
+35.4%
7.0%€24.71€20.27n/a9
Jan ’25€15.00
€21.41
+42.7%
10.3%€25.24€16.87n/a9
Dec ’24€15.20
€21.42
+40.9%
10.4%€25.24€16.87n/a9
Nov ’24€12.80
€21.45
+67.6%
10.1%€24.74€16.96€15.809
Oct ’24€14.20
€21.72
+53.0%
7.1%€24.74€19.66€16.709
Sep ’24€16.70
€21.92
+31.3%
5.7%€24.74€20.07€16.409
Aug ’24€15.90
€21.81
+37.2%
6.2%€25.18€20.15€17.3010
Jul ’24€16.00
€22.06
+37.9%
6.5%€25.18€20.15€15.0010
Jun ’24€16.10
€22.04
+36.9%
6.5%€25.18€20.15€15.8010
May ’24€16.90
€21.72
+28.5%
9.3%€25.53€19.00€16.9010
Apr ’24€17.40
€21.28
+22.3%
11.1%€25.53€17.06€17.8011
Mar ’24€16.50
€21.46
+30.1%
11.5%€25.36€17.06€16.7011
Feb ’24€16.10
€21.78
+35.3%
12.4%€25.36€16.64€16.3011
Jan ’24€15.90
€22.64
+42.4%
10.2%€25.36€17.71€15.0011
Dec ’23€16.40
€22.70
+38.4%
10.8%€26.12€17.71€15.2011
Nov ’23€15.30
€23.52
+53.7%
14.6%€30.23€18.20€12.8011

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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