Financials Nomad Foods Limited

Equities

NOMD

VGG6564A1057

Food Processing

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
18.69 USD +0.27% Intraday chart for Nomad Foods Limited +0.70% +10.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,881 3,713 3,945 2,780 2,562 2,849 - -
Enterprise Value (EV) 1 4,930 5,079 5,918 4,575 2,562 4,501 4,399 4,289
P/E ratio 25.6 x 18.3 x 21.9 x 11.3 x 13.6 x 10.7 x 9.41 x 9.03 x
Yield - - - - - 3.16% 2.14% 3.37%
Capitalization / Revenue 1.67 x 1.48 x 1.51 x 0.95 x 0.84 x 0.9 x 0.88 x 0.85 x
EV / Revenue 2.12 x 2.02 x 2.27 x 1.56 x 0.84 x 1.43 x 1.35 x 1.28 x
EV / EBITDA 11.4 x 10.9 x 12.2 x 8.72 x 4.79 x 8.01 x 7.48 x 7.09 x
EV / FCF 18.4 x 12.8 x 26.1 x 20.4 x - 18 x 14.1 x 14.6 x
FCF Yield 5.44% 7.84% 3.84% 4.91% - 5.55% 7.07% 6.85%
Price to Book 1.53 x 1.79 x 1.73 x - - 1.05 x 0.98 x 0.9 x
Nbr of stocks (in thousands) 194,505 178,422 176,649 172,550 166,844 162,719 - -
Reference price 2 19.95 20.81 22.33 16.11 15.36 17.51 17.51 17.51
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,324 2,516 2,607 2,940 3,044 3,151 3,251 3,348
EBITDA 1 432 466.8 486.7 524.4 535 561.8 588.4 604.7
EBIT 1 363.7 399.2 415.1 435.8 440 445.2 481.7 504.7
Operating Margin 15.65% 15.87% 15.92% 14.82% 14.45% 14.13% 14.81% 15.07%
Earnings before Tax (EBT) 1 210.3 295.5 236.7 321 253.6 338.7 385.8 403.6
Net income 1 154 225.2 181 249.8 192.7 267.3 300 316.4
Net margin 6.63% 8.95% 6.94% 8.5% 6.33% 8.48% 9.23% 9.45%
EPS 2 0.7800 1.140 1.020 1.430 1.130 1.634 1.860 1.939
Free Cash Flow 1 268.1 398.3 227.1 224.7 - 250 310.9 293.7
FCF margin 11.53% 15.83% 8.71% 7.64% - 7.93% 9.56% 8.77%
FCF Conversion (EBITDA) 62.06% 85.33% 46.66% 42.85% - 44.5% 52.84% 48.57%
FCF Conversion (Net income) 174.09% 176.87% 125.47% 89.95% - 93.52% 103.65% 92.82%
Dividend per Share 2 - - - - - 0.5528 0.3741 0.5894
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 599.4 704 732.9 697 759.6 750.2 775.1 745.1 763.5 760.8 787.9 765.1 799.8 788.3 826.5
EBITDA 1 113.2 112.9 131.5 126.7 153.2 113 146.3 132.4 139.7 116.6 132.4 135.4 155.8 137.4 140.3
EBIT 1 96.1 92 110.3 104.7 130.6 90.2 124 109.1 116.5 90.4 103.4 105.7 123.4 104.4 108.7
Operating Margin 16.03% 13.07% 15.05% 15.02% 17.19% 12.02% 16% 14.64% 15.26% 11.88% 13.13% 13.81% 15.43% 13.25% 13.15%
Earnings before Tax (EBT) 1 65.6 42.3 73 97.3 104.4 46.3 50.6 60.4 96.4 46.2 67.55 69.15 96.6 87.15 90.67
Net income 1 51.7 28.8 56 74.6 82.1 37.1 41.2 49.2 77.6 24.7 58.1 59.3 75.67 64.63 71.33
Net margin 8.63% 4.09% 7.64% 10.7% 10.81% 4.95% 5.32% 6.6% 10.16% 3.25% 7.37% 7.75% 9.46% 8.2% 8.63%
EPS 2 0.2900 0.1600 0.3200 0.4300 0.4700 0.2100 0.2400 0.2800 0.4600 0.1500 0.3467 0.3567 0.5067 0.4233 0.4367
Dividend per Share 2 - - - - - - - - - - 0.1394 0.1394 0.1394 0.1394 0.1431
Announcement Date 11/4/21 2/24/22 5/11/22 8/10/22 10/31/22 2/23/23 5/10/23 8/9/23 11/9/23 2/29/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,049 1,366 1,973 1,795 - 1,652 1,550 1,440
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.429 x 2.925 x 4.054 x 3.423 x - 2.941 x 2.634 x 2.382 x
Free Cash Flow 1 268 398 227 225 - 250 311 294
ROE (net income / shareholders' equity) 10.2% 11.2% 12.5% 12% - 10.9% 10.9% 11%
ROA (Net income/ Total Assets) 4.19% 4.58% 4.71% 4.7% - 4.43% 4.59% 4.67%
Assets 1 3,677 4,920 3,845 5,319 - 6,032 6,531 6,780
Book Value Per Share 2 13.00 11.60 12.90 - - 16.60 18.00 19.40
Cash Flow per Share 2 1.560 2.310 1.720 1.740 - 2.250 2.590 2.770
Capex 1 47.3 58.7 79.2 79.1 - 101 93.9 117
Capex / Sales 2.04% 2.33% 3.04% 2.69% - 3.22% 2.89% 3.5%
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
17.51 EUR
Average target price
22.18 EUR
Spread / Average Target
+26.71%
Consensus
  1. Stock Market
  2. Equities
  3. NOMD Stock
  4. Financials Nomad Foods Limited