Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. It offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers. The company also provides meal products that include ready-to-cook noodles, pasta, lasagna, pancakes, and other ready-made meals; ice creams, such as in-home and out-of-home ice creams; and other products consisting of soups, pizzas, bakery goods, and meat substitutes. It sells its products to supermarkets and food retail chains primarily under the Birds Eye, Green Cuisine, iglo, Findus, Aunt Bessie's, Goodfella's, Frikom, Ledo, La Cocinera, and Belviva brand names. Nomad Foods Limited was founded in 2014 and is headquartered in Woking, the United Kingdom.
Growth Catalysts | Delve into Nomad's anticipated H2 2024 revenue inflection and new CFO appointment, with analyst targets suggesting a 35% upside potential |
Market Dynamics | Explore Nomad Foods' position in a neutral industry, boasting a 29.33% gross margin and 12% free cash flow yield, as it navigates competitive pressures |
Financial Forecast | Analysts project EPS growth from $1.80 in FY2024 to $1.97 in FY2025, with a P/E of 13.57 suggesting attractive valuation for this Buy-rated stock |
Frozen Food Titan | Nomad Foods, a $2.79B market cap European frozen food leader, faces growth challenges amid market complexities and strategic shifts in 2024 |
Metrics to compare | NOMD | Sector Sector - Average of metrics from a broad group of related Consumer Non-Cyclicals sector companies | Relationship RelationshipNOMDPeersSector | |
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P/E Ratio | 11.5x | 23.9x | 11.6x | |
PEG Ratio | 0.48 | 0.00 | 0.03 | |
Price / Book | 1.0x | 2.7x | 1.5x | |
Price / LTM Sales | 0.8x | 1.0x | 0.9x | |
Upside (Analyst Target) | 29.3% | 27.1% | 19.6% | |
Fair Value Upside | Unlock | 9.7% | 11.2% | Unlock |