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Nomad Foods

NYSE:NOMD
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NOMD
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

Nomad Foods Limited, together with its subsidiaries, produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of Europe. The last earnings update was 46 days ago. More info.


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NOMD Share Price and Events
7 Day Returns
-2%
NYSE:NOMD
-0.3%
US Food
2.2%
US Market
1 Year Returns
7.1%
NYSE:NOMD
-0.2%
US Food
3.8%
US Market
NOMD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nomad Foods (NOMD) -2% -4.9% -1.3% 7.1% 153.8% -
US Food -0.3% 2.7% 5.5% -0.2% -10.8% 23.1%
US Market 2.2% 4.2% 4.4% 3.8% 43% 40.9%
1 Year Return vs Industry and Market
  • NOMD outperformed the Food industry which returned -0.2% over the past year.
  • NOMD outperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
NOMD
Industry
5yr Volatility vs Market

Value

 Is Nomad Foods undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nomad Foods to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nomad Foods.

NYSE:NOMD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:NOMD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.546 (1 + (1- 19%) (54.67%))
0.858
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.858 * 6.65%)
8.44%

Discounted Cash Flow Calculation for NYSE:NOMD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nomad Foods is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:NOMD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.44%)
2019 292.00 Analyst x1 269.28
2020 280.00 Analyst x1 238.13
2021 274.09 Est @ -2.11% 214.96
2022 272.28 Est @ -0.66% 196.93
2023 273.25 Est @ 0.36% 182.26
2024 276.17 Est @ 1.07% 169.88
2025 280.50 Est @ 1.57% 159.11
2026 285.88 Est @ 1.92% 149.55
2027 292.05 Est @ 2.16% 140.89
2028 298.86 Est @ 2.33% 132.96
Present value of next 10 years cash flows €1,853.95
NYSE:NOMD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €298.86 × (1 + 2.73%) ÷ (8.44% – 2.73%)
€5,380.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €5,380.24 ÷ (1 + 8.44%)10
€2,393.58
NYSE:NOMD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,853.95 + €2,393.58
€4,247.53
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €4,247.53 / 194.45
€21.84
NYSE:NOMD Discount to Share Price
Calculation Result
Exchange Rate EUR/USD
(Reporting currency to currency of NYSE:NOMD)
1.132
Value per Share
(USD)
= Value per Share in EUR x Exchange Rate (EUR/USD)
= €21.84 x 1.132
$24.73
Value per share (USD) From above. $24.73
Current discount Discount to share price of $20.48
= -1 x ($20.48 - $24.73) / $24.73
17.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nomad Foods is available for.
Intrinsic value
17%
Share price is $20.48 vs Future cash flow value of $24.73
Current Discount Checks
For Nomad Foods to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nomad Foods's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Nomad Foods's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nomad Foods's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nomad Foods's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:NOMD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.74
NYSE:NOMD Share Price ** NYSE (2019-06-21) in USD $20.48
NYSE:NOMD Share Price converted to EUR reporting currency Exchange rate (USD/ EUR) 0.883 €18.09
United States of America Food Industry PE Ratio Median Figure of 43 Publicly-Listed Food Companies 24.87x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nomad Foods.

NYSE:NOMD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NOMD Share Price ÷ EPS (both in EUR)

= 18.09 ÷ 0.74

24.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nomad Foods is good value based on earnings compared to the US Food industry average.
  • Nomad Foods is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Nomad Foods's expected growth come at a high price?
Raw Data
NYSE:NOMD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
29.1%per year
United States of America Food Industry PEG Ratio Median Figure of 31 Publicly-Listed Food Companies 1.55x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NYSE:NOMD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.31x ÷ 29.1%

0.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nomad Foods is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Nomad Foods's assets?
Raw Data
NYSE:NOMD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €10.62
NYSE:NOMD Share Price * NYSE (2019-06-21) in USD $20.48
NYSE:NOMD Share Price converted to EUR reporting currency Exchange rate (USD/ EUR) 0.883 €18.09
United States of America Food Industry PB Ratio Median Figure of 70 Publicly-Listed Food Companies 1.92x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.81x
NYSE:NOMD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NOMD Share Price ÷ Book Value per Share (both in EUR)

= 18.09 ÷ 10.62

1.7x

* Primary Listing of Nomad Foods.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nomad Foods is good value based on assets compared to the US Food industry average.
X
Value checks
We assess Nomad Foods's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Nomad Foods has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Nomad Foods expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nomad Foods expected to grow at an attractive rate?
  • Nomad Foods's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Nomad Foods's earnings growth is expected to exceed the United States of America market average.
  • Nomad Foods's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:NOMD Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:NOMD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 29.1%
NYSE:NOMD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 1.9%
United States of America Food Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
United States of America Food Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:NOMD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:NOMD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,397 264 2
2020-12-31 2,381 304 249 8
2019-12-31 2,332 315 173 8
NYSE:NOMD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 2,251 341 131
2018-12-31 2,173 321 171
2018-09-30 2,066 184 157
2018-06-30 1,995 164 163
2018-03-31 1,965 207 151
2017-12-31 1,957 194 137
2017-09-30 1,934 219 107
2017-06-30 1,914 269 69
2017-03-31 1,912 277 42
2016-12-31 1,928 282 36
2016-09-30 1,918 241 92
2016-06-30 1,794 214 94

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nomad Foods's earnings are expected to grow significantly at over 20% yearly.
  • Nomad Foods's revenue is expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:NOMD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Nomad Foods Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NOMD Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.25 1.33 1.11 5.00
2019-12-31 0.90 1.00 0.82 3.00
NYSE:NOMD Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.74
2018-12-31 0.97
2018-09-30 0.91
2018-06-30 0.94
2018-03-31 0.87
2017-12-31 0.78
2017-09-30 0.59
2017-06-30 0.38
2017-03-31 0.23
2016-12-31 0.20
2016-09-30 0.50
2016-06-30 0.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nomad Foods is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nomad Foods's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nomad Foods has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Nomad Foods performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nomad Foods's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nomad Foods has delivered over 20% year on year earnings growth in the past 5 years.
  • Nomad Foods's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Nomad Foods's 1-year earnings growth is negative, it can't be compared to the US Food industry average.
Earnings and Revenue History
Nomad Foods's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nomad Foods Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NOMD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,251.40 131.20 50.00
2018-12-31 2,172.80 171.20 16.80
2018-09-30 2,066.20 157.40 206.70
2018-06-30 1,994.60 162.60 177.00
2018-03-31 1,964.50 150.90 120.20
2017-12-31 1,956.60 136.50 119.30
2017-09-30 1,933.60 107.10 5.50
2017-06-30 1,914.10 68.80 -92.20
2017-03-31 1,911.90 42.20 5.10
2016-12-31 1,927.70 36.40 5.30
2016-09-30 1,918.40 91.50 4.80
2016-06-30 1,794.40 94.20 101.70
2016-03-31 1,441.30 -295.10 3.10
2015-12-31 894.20 -481.70 1.90
2015-09-30 418.30 -534.70 1.10
2015-06-30 102.80 -543.17 1.92
2015-03-31 -167.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nomad Foods has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nomad Foods used its assets less efficiently than the US Food industry average last year based on Return on Assets.
  • Nomad Foods has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nomad Foods's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nomad Foods has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Nomad Foods's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nomad Foods's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nomad Foods is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nomad Foods's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nomad Foods's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nomad Foods Company Filings, last reported 2 months ago.

NYSE:NOMD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,445.70 1,922.90 753.20
2018-12-31 2,059.10 1,799.70 327.60
2018-09-30 2,003.40 1,810.80 156.90
2018-06-30 1,965.40 1,811.30 403.70
2018-03-31 1,916.50 1,560.40 393.80
2017-12-31 1,852.60 1,459.80 219.20
2017-09-30 1,818.80 1,407.90 178.10
2017-06-30 1,868.40 1,427.00 300.50
2017-03-31 1,945.00 1,451.20 371.60
2016-12-31 1,902.50 1,451.80 329.50
2016-09-30 1,894.40 1,449.80 271.00
2016-06-30 1,888.70 1,689.80 505.60
2016-03-31 1,910.30 1,902.10 667.90
2015-12-31 1,888.10 1,923.70 618.70
2015-09-30 1,714.60 1,631.00 842.60
2015-06-30 1,438.70 1,662.30 608.00
2015-03-31 408.00 0.00 447.40
  • Nomad Foods's level of debt (78.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Nomad Foods's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess Nomad Foods's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nomad Foods has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Nomad Foods's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Nomad Foods dividends. Estimated to be 0% next year.
If you bought $2,000 of Nomad Foods shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Nomad Foods's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nomad Foods's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:NOMD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Food Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:NOMD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Nomad Foods has not reported any payouts.
  • Unable to verify if Nomad Foods's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nomad Foods's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nomad Foods has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Nomad Foods's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Nomad Foods's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nomad Foods afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nomad Foods has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Nomad Foods's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stéfan Descheemaeker
AGE 58
TENURE AS CEO 4 years
CEO Bio

Mr. Stéfan 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 since June 1, 2015. Mr. Descheemaeker has been the Chief Executive Officer at Nomad Foods Limited since June 1, 2015, the leader of the European frozen food sector whose brands include Birds Eye, Findus & Iglo. He has a strong background in food retailing, consumer goods and corporate strategy. He served as the Chief Financial Officer of Etablissements Delhaize Frères et Cie "Le Lion" (Groupe Delhaize) SA from January 5, 2009 to January 1, 2012 and served as its Executive Vice President from January 2009 to October 31, 2013. Mr. Descheemaeker served as the Chief Executive Officer at Delhaize Europe from January 1, 2012 to October 31, 2013 and served as its Executive Vice President. He served as the Chief Financial Officer of Delhaize Group from January 5, 2009 to 2011 and served as its Executive Vice President. He served as the Chief Strategy Officer of Anheuser-Busch InBev SA/NV (formerly, InBev SA) since January 2008. Mr. Descheemaeker served as a Zone President of Western Europe at Anheuser-Busch InBev SA/NV since 2006, Zone President of Central & Eastern Europe until January 2006, Chief Business Development Officer since January 2008, Director of Corporate Strategy Division since 1996 and its Member of Executive Board of Management until April 29, 2008. In 2004, he transitioned to operational management, first in charge of Interbrew’s operations in the United States and Mexico. At InBev SA, he held various positions in Business Development and External Growth Strategy and served as Zone President of US & Latin America since September 2003. Mr. Descheemaeker started his career as Consultant for Departmental Staff of the Minister of Finance at Cobepa, Brussels since 1984. In 1996, he joined the Belgian brewer and served as an head\Executive Vice President of External Growth, where he managed its M&A operations, culminating with the merger of Interbrew AmBev in 2004, where he transitioned to operational management, successfully in charge of respectively the brewer's operations in the U.S. and Mexico, Central and Eastern Europe and Western Europe. Mr. Descheemaeker served as an Industry Advisor to Bain Capital. He served as the Chief Executive Officer of Defi financial subsidiary Definance, where he led the IPO process and built strong investment, financial and tax expertise. Mr. Descheemaeker was a Non-Executive Director of Anheuser-Busch InBev SA/NV since April 29, 2008 until April 24, 2019. Mr. Descheemaeker has been a Director of Nomad Foods Limited since June 1, 2015. He serves as a Director of Nomad Foods Europe Holdings Limited, Eugenie Patri Sebastien S.A., Stichting and Sun Interbrew Ltd. He has been a Director of Nomad Foods Europe Holdco Limited since June 23, 2015. He serves as a Non Executive Director of Alfa-Beta Vassilopoulos S.A. He served as a Director of OAO SUN InBev. Since leaving Delhaize Group SA, Mr. Descheemaeker has taken on board positions with Group Psychologies. He served as an Independent Director of Telenet Group Holding NV from April 2014 to August 11, 2015. He is a Professor in Business Strategy at the Solvay Business School. He is a Professor at the Université Libre de Bruxelles. He holds a Master's degree in Commercial Engineering from Solvay Business School, Brussels.

CEO Compensation
  • Insufficient data for Stéfan to compare compensation growth.
  • Insufficient data for Stéfan to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Noam Gottesman

TITLE
Co-Founder & Co-Chairman
AGE
57

Martin Franklin

TITLE
Co-Founder & Co-Chairman
AGE
53

Stéfan Descheemaeker

TITLE
CEO & Director
AGE
58
TENURE
4 yrs

Samy Zekhout

TITLE
CFO & Director
TENURE
1.2 yrs

Taposh Bari

TITLE
Head of Investor Relations

Anja van Kruijsbergen

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Nomad Foods board of directors in years:

3.3
Average Tenure
57
Average Age
  • The tenure for the Nomad Foods board of directors is about average.
Board of Directors

Martin Franklin

TITLE
Co-Founder & Co-Chairman
AGE
53
TENURE
4 yrs

Stéfan Descheemaeker

TITLE
CEO & Director
AGE
58
TENURE
4 yrs

Samy Zekhout

TITLE
CFO & Director
TENURE
1.2 yrs

Paul Myners

TITLE
Lead Independent Director
AGE
70

Noam Gottesman

TITLE
Co-Founder & Co-Chairman
AGE
57
TENURE
4 yrs

Jim Lillie

TITLE
Independent Non-Executive Director
AGE
57
TENURE
4.1 yrs

Jeremy Isaacs

TITLE
Independent Non-Executive Director
AGE
53
TENURE
3.3 yrs

Paul Kenyon

TITLE
Non Executive Director
AGE
54
TENURE
1.4 yrs

Victoria Parry

TITLE
Independent Non-Executive Director
AGE
52
TENURE
3.3 yrs

Ian G. Ashken

TITLE
Independent Non-Executive Director
AGE
57
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Nomad Foods's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nomad Foods has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Nomad Foods (NYSE:NOMD) Shareholders Have Enjoyed An Impressive 123% Share Price Gain

To wit, the Nomad Foods Limited (NYSE:NOMD) share price has flown 123% in the last three years. … During three years of share price growth, Nomad Foods moved from a loss to profitability. … NYSE:NOMD Past and Future Earnings, June 18th 2019 We know that Nomad Foods has improved its bottom line over the last three years, but what does the future have in store?

Simply Wall St -

What Investors Should Know About Nomad Foods Limited's (NYSE:NOMD) Financial Strength

Check out our latest analysis for Nomad Foods NOMD’s Debt (And Cash Flows) NOMD has built up its total debt levels in the last twelve months, from €1.6b to €1.9b – this includes long-term debt. … Additionally, NOMD has generated cash from operations of €341m in the last twelve months, resulting in an operating cash to total debt ratio of 18%, signalling that NOMD’s debt is not covered by operating cash. … Next Steps: NOMD’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Is Nomad Foods Limited (NYSE:NOMD) A Financially Sound Company?

NOMD’s Debt (And Cash Flows) Over the past year, NOMD has ramped up its debt from €1.5b to €1.8b , which accounts for long term debt. … Moreover, NOMD has produced cash from operations of €321m during the same period of time, leading to an operating cash to total debt ratio of 18%, indicating that NOMD’s operating cash is less than its debt. … The current ratio is calculated by dividing current assets by current liabilities.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Nomad Foods Limited (NYSE:NOMD)?

If you're interested in Nomad Foods Limited (NYSE:NOMD), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

What Do Analysts Think About Nomad Foods Limited's (NYSE:NOMD) Long Term Outlook?

The most recent earnings announcement Nomad Foods Limited's (NYSE:NOMD) released in December 2018a

Simply Wall St -

With A 8.3% Return On Equity, Is Nomad Foods Limited (NYSE:NOMD) A Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Nomad Foods has a return on equity of 8.3% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Nomad Foods Limited's (NYSE:NOMD) March Stock Price Reflect Its Future Growth?

Nomad Foods Limited (NYSE:NOMD) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $20.45 is based on unrealistic expectations. … Check out our latest analysis for Nomad Foods? … Investors in Nomad Foods have been patiently waiting for the uptick in earnings.

Simply Wall St -

Why We’re Not Impressed By Nomad Foods Limited’s (NYSE:NOMD) 6.9% ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Is Nomad Foods's 165% Share Price Increase Well Justified?

To wit, the Nomad Foods Limited (NYSE:NOMD) share price has flown 165% in the last three years. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During three years of share price growth, Nomad Foods moved from a loss to profitability.

Simply Wall St -

Read This Before You Buy Nomad Foods Limited (NYSE:NOMD) Because Of Its P/E Ratio

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 18.46 = €16.75 (Note: this is the share price in the reporting currency, namely, EUR ) ÷ €0.91

Simply Wall St -

Company Info

Description

Nomad Foods Limited, together with its subsidiaries, 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, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods. The company sells its products to supermarkets and food retail chains directly or through distribution arrangements primarily under the Birds Eye, Iglo, Findus, Goodfella's, La Cocinera, San Marco, and Aunt Bessie’s brands. Nomad Foods Limited is headquartered in Feltham, the United Kingdom.

Details
Name: Nomad Foods Limited
NOMD
Exchange: NYSE
Founded:
$3,982,378,496
194,452,075
Website: http://www.nomadfoods.com
Address: Nomad Foods Limited
No. 1 New Square,
Bedfont Lakes Business Park,
Feltham,
Middlesex, TW14 8HA,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NOMD Ordinary Shares New York Stock Exchange US USD 10. Apr 2014
DB 0NH Ordinary Shares Deutsche Boerse AG DE EUR 10. Apr 2014
BMV NOMD N Ordinary Shares Bolsa Mexicana de Valores MX MXN 10. Apr 2014
Number of employees
Current staff
Staff numbers
4,813
Nomad Foods employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 00:51
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/06/20
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.