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Market Cap

US$5.6b

Last Updated

2021/04/17 23:12 UTC

Data Sources

Company Financials +

Executive Summary

Nomad Foods Limited produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of Europe. More Details


Snowflake Analysis

Good value with proven track record.


Similar Companies

Share Price & News

How has Nomad Foods's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

2.0%

NOMD

1.7%

US Food

1.3%

US Market


1 Year Return

43.2%

NOMD

21.1%

US Food

53.9%

US Market

Return vs Industry: NOMD exceeded the US Food industry which returned 21.1% over the past year.

Return vs Market: NOMD underperformed the US Market which returned 53.9% over the past year.


Shareholder returns

NOMDIndustryMarket
7 Day2.0%1.7%1.3%
30 Day7.5%2.4%5.3%
90 Day14.6%10.2%8.9%
1 Year43.2%43.2%24.1%21.1%56.6%53.9%
3 Year77.2%77.2%32.7%22.0%64.4%53.6%
5 Year245.3%245.3%28.2%10.4%120.4%95.7%

Long-Term Price Volatility Vs. Market

How volatile is Nomad Foods's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nomad Foods undervalued compared to its fair value and its price relative to the market?

27.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NOMD ($29.11) is trading below our estimate of fair value ($40.26)

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


Price To Earnings Ratio

PE vs Industry: NOMD is good value based on its PE Ratio (20.9x) compared to the US Food industry average (23.7x).

PE vs Market: NOMD is good value based on its PE Ratio (20.9x) compared to the US market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: NOMD is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: NOMD's PB Ratio (2.2x) is in line with the US Food industry average.


Future Growth

How is Nomad Foods forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOMD's forecast earnings growth (10% per year) is above the savings rate (2%).

Earnings vs Market: NOMD's earnings (10% per year) are forecast to grow slower than the US market (18.1% per year).

High Growth Earnings: NOMD's earnings are forecast to grow, but not significantly.

Revenue vs Market: NOMD's revenue (4.2% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: NOMD's revenue (4.2% 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 (11.8%).


Past Performance

How has Nomad Foods performed over the past 5 years?

47.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOMD has high quality earnings.

Growing Profit Margin: NOMD's current net profit margins (9%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: NOMD has become profitable over the past 5 years, growing earnings by 47.5% per year.

Accelerating Growth: NOMD's earnings growth over the past year (46%) is below its 5-year average (47.5% per year).

Earnings vs Industry: NOMD earnings growth over the past year (46%) exceeded the Food industry 10.3%.


Return on Equity

High ROE: NOMD's Return on Equity (10.6%) is considered low.


Financial Health

How is Nomad Foods's financial position?


Financial Position Analysis

Short Term Liabilities: NOMD's short term assets (€967.3M) exceed its short term liabilities (€916.3M).

Long Term Liabilities: NOMD's short term assets (€967.3M) do not cover its long term liabilities (€2.5B).


Debt to Equity History and Analysis

Debt Level: NOMD's debt to equity ratio (84.1%) is considered high.

Reducing Debt: NOMD's debt to equity ratio has reduced from 101.8% to 84.1% over the past 5 years.

Debt Coverage: NOMD's debt is well covered by operating cash flow (25.6%).

Interest Coverage: NOMD's interest payments on its debt are well covered by EBIT (6.4x 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?

2.8yrs

Average management tenure


CEO

Stefan Descheemaeker (60 yo)

5.83yrs

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 (2.8 years average tenure).


Board Members

Experienced Board: NOMD's board of directors are considered experienced (5.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Nomad Foods Limited's company bio, 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$5.648b
  • Shares outstanding: 176.35m
  • 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


Biography

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, incl...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 23:12
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.