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NOMD

Nomad FoodsNYSE:NOMD Stock Report

Market Cap

US$4.9b

7D

4.5%

1Y

13.0%

Updated

23 Sep, 2021

Data

Company Financials +
NOMD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance3/6
Financial Health2/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Nomad Foods
Historical stock prices
Current Share PriceUS$28.07
52 Week HighUS$22.44
52 Week LowUS$31.85
Beta0.64
1 Month Change5.17%
3 Month Change-1.20%
1 Year Change12.96%
3 Year Change39.79%
5 Year Change134.70%
Change since IPO143.03%

Recent News & Updates

Sep 22
Is Now The Time To Put Nomad Foods (NYSE:NOMD) On Your Watchlist?

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...

Sep 07
Is Nomad Foods (NYSE:NOMD) Using Too Much Debt?

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...

Sep 04

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

NOMDUS FoodUS Market
7D4.5%-0.6%-0.5%
1Y13.0%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

Is NOMD's price volatile compared to industry and market?
NOMD volatility
NOMD Beta0.64
Industry Beta0.72
Market Beta1

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

FoundedEmployeesCEOWebsite
20144,593Stefan Descheemaekerhttps://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

How do Nomad Foods's earnings and revenue compare to its market cap?
NOMD fundamental statistics
Market Cap€4.18b
Earnings (TTM)€215.60m
Revenue (TTM)€2.54b

19.6x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
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 Margin30.69%
Net Profit Margin8.50%
Debt/Equity Ratio91.6%

How did NOMD perform over the long term?

See historical performance and comparison

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 23:07
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.