| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
NOMD Overview
Nomad Foods Limited produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of Europe.
Nomad Foods Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$28.07 |
| 52 Week High | US$22.44 |
| 52 Week Low | US$31.85 |
| Beta | 0.64 |
| 1 Month Change | 5.17% |
| 3 Month Change | -1.20% |
| 1 Year Change | 12.96% |
| 3 Year Change | 39.79% |
| 5 Year Change | 134.70% |
| Change since IPO | 143.03% |
Recent News & Updates
Is Now The Time To Put Nomad Foods (NYSE:NOMD) On Your Watchlist?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Is Nomad Foods (NYSE:NOMD) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Nomad Foods: A New $500M Buyback Plan Will Create Value
Nomad Foods continues to generate an abundance of free cash flow. The company's board has just authorized a new $500M buyback program. This should reduce the share count by an additional 10%. Trading at 10X its EBITDA and a moderate debt ratio, I think Nomad Foods is a buy again.
Shareholder Returns
| NOMD | US Food | US Market | |
|---|---|---|---|
| 7D | 4.5% | -0.6% | -0.5% |
| 1Y | 13.0% | 12.3% | 37.5% |
Return vs Industry: NOMD matched the US Food industry which returned 13.3% over the past year.
Return vs Market: NOMD underperformed the US Market which returned 36.2% over the past year.
Price Volatility
| NOMD volatility | |
|---|---|
| NOMD Beta | 0.64 |
| Industry Beta | 0.72 |
| Market Beta | 1 |
Stable Share Price: NOMD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NOMD's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | 4,593 | Stefan Descheemaeker | https://www.nomadfoods.com |
Nomad Foods Limited produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers. It also provides meals products that include ready to cook noodles, pasta, lasagna, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.
Nomad Foods Fundamentals Summary
| NOMD fundamental statistics | |
|---|---|
| Market Cap | €4.18b |
| Earnings (TTM) | €215.60m |
| Revenue (TTM) | €2.54b |
19.6x
P/E Ratio1.7x
P/S RatioIs NOMD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NOMD income statement (TTM) | |
|---|---|
| Revenue | €2.54b |
| Cost of Revenue | €1.76b |
| Gross Profit | €778.70m |
| Expenses | €563.10m |
| Earnings | €215.60m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.18 |
| Gross Margin | 30.69% |
| Net Profit Margin | 8.50% |
| Debt/Equity Ratio | 91.6% |
How did NOMD perform over the long term?
See historical performance and comparisonValuation
Is Nomad Foods undervalued compared to its fair value and its price relative to the market?
6.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NOMD ($28.07) is trading below our estimate of fair value ($30.16)
Significantly Below Fair Value: NOMD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NOMD is good value based on its PE Ratio (19.6x) compared to the US Food industry average (20.9x).
PE vs Market: NOMD is poor value based on its PE Ratio (19.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: NOMD is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: NOMD is good value based on its PB Ratio (2x) compared to the US Food industry average (2.3x).
Future Growth
How is Nomad Foods forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
17.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOMD's forecast earnings growth (17.1% per year) is above the savings rate (2%).
Earnings vs Market: NOMD's earnings (17.1% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: NOMD's earnings are forecast to grow, but not significantly.
Revenue vs Market: NOMD's revenue (2.2% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: NOMD's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NOMD's Return on Equity is forecast to be low in 3 years time (11.5%).
Past Performance
How has Nomad Foods performed over the past 5 years?
22.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOMD has high quality earnings.
Growing Profit Margin: NOMD's current net profit margins (8.5%) are higher than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: NOMD's earnings have grown significantly by 22.4% per year over the past 5 years.
Accelerating Growth: NOMD's earnings growth over the past year (10.4%) is below its 5-year average (22.4% per year).
Earnings vs Industry: NOMD earnings growth over the past year (10.4%) underperformed the Food industry 31.7%.
Return on Equity
High ROE: NOMD's Return on Equity (9.6%) is considered low.
Financial Health
How is Nomad Foods's financial position?
Financial Position Analysis
Short Term Liabilities: NOMD's short term assets (€1.3B) exceed its short term liabilities (€923.0M).
Long Term Liabilities: NOMD's short term assets (€1.3B) do not cover its long term liabilities (€2.7B).
Debt to Equity History and Analysis
Debt Level: NOMD's debt to equity ratio (91.6%) is considered high.
Reducing Debt: NOMD's debt to equity ratio has increased from 89.3% to 91.6% over the past 5 years.
Debt Coverage: NOMD's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: NOMD's interest payments on its debt are well covered by EBIT (7x coverage).
Balance Sheet
Dividend
What is Nomad Foods's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NOMD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NOMD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NOMD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NOMD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NOMD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Stefan Descheemaeker (61 yo)
6.25yrs
Tenure
Mr. Stefan Descheemaeker has been the Chief Executive Officer of Nomad Foods Europe Holdings Limited since June 01, 2015. Mr. Descheemaeker has been the Chief Executive Officer of Iglo Foods Group Limited...
Leadership Team
Experienced Management: NOMD's management team is considered experienced (3.2 years average tenure).
Board Members
Experienced Board: NOMD's board of directors are considered experienced (5.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Nomad Foods Limited's employee growth, exchange listings and data sources
Key Information
- Name: Nomad Foods Limited
- Ticker: NOMD
- Exchange: NYSE
- Founded: 2014
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: US$4.907b
- Shares outstanding: 176.62m
- Website: https://www.nomadfoods.com
Number of Employees
Location
- Nomad Foods Limited
- No. 1 New Square
- Bedfont Lakes Business Park
- Feltham
- Greater London
- TW14 8HA
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/23 23:07 |
| End of Day Share Price | 2021/09/23 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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 here.