Nomad Foods Limited (NOMD) 10-Year Financial Performance & Capital Metrics

NOMD • • Industrial / General

Consumer DefensivePackaged FoodsTraditional Packaged FoodsFrozen & Refrigerated Foods

AboutNomad Foods Limited manufactures, markets, and distributes frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, 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; ice-creams; and other products, such as soups, pizzas, bakery goods, and meat substitutes. 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, Ledo, Frikom, San Marco, and Aunt Bessie's brands. Nomad Foods Limited is headquartered in Feltham, the United Kingdom.Show more

Revenue $3.1B +1.8%
EBITDA $484M +11.1%
Net Income $227M +17.9%
EPS (Diluted) 1.40 +23.9%
Gross Margin 29.61% +5.0%
EBITDA Margin 15.61% +9.2%
Operating Margin 12.48% +11.7%
Net Margin 7.33% +15.8%
ROE 8.64% +16.6%
ROIC 6.62% +13.3%
Debt/Equity 0.82 -1.3%
Interest Coverage 2.70 +14.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 4.6%
✓Share count reduced 4.7% through buybacks
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak momentum: RS Rating 18 (bottom 18%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y5.93%

3Y5.95%

TTM-0.47%

Profit (Net Income) CAGR

10Y-

5Y8.08%

3Y7.86%

TTM-0.8%

EPS CAGR

10Y-

5Y12.7%

3Y9.72%

TTM5.74%

ROCE

10Y Avg6.9%

5Y Avg6.99%

3Y Avg6.88%

Latest7.24%

Peer Comparison

Frozen & Refrigerated Foods

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MAMAMama's Creations, Inc.	558.17M	13.73	145.91	19.41%	3.08%	9.38%	0.01%	0.41
SENEASeneca Foods Corporation	629.84M	119.22	20.21	8.25%	3.73%	8.9%	47.35%	0.59
LWLamb Weston Holdings, Inc.	6.1B	43.93	17.57	-0.25%	4.56%	16.43%	3.77%	2.39
PPCPilgrim's Pride Corporation	9.89B	41.63	9.11	2.97%	6.71%	34.65%	15.31%	0.81
NOMDNomad Foods Limited	1.75B	11.91	8.51	1.82%	6.51%	7.78%	20.33%	0.82
BRIDBridgford Foods Corporation	74.52M	8.21	-22.19	-11.12%	-3.19%	-5.97%		0.05
WYHGWing Yip Food Holdings Group Limited American Depositary Shares	29.95M	0.60		23.79%	4.51%	56.18%	7.95%	0.16

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.21B	1.93B	1.96B	2.17B	2.32B	2.52B	2.61B	2.94B	3.04B	3.1B
Revenue Growth %	-	0.59%	0.01%	0.11%	0.07%	0.08%	0.04%	0.13%	0.04%	0.02%
Cost of Goods Sold+	901.72M	1.36B	1.36B	1.52B	1.63B	1.75B	1.86B	2.12B	2.19B	2.18B
COGS % of Revenue	0.74%	0.7%	0.69%	0.7%	0.7%	0.7%	0.71%	0.72%	0.72%	0.7%
Gross Profit+	311.7M	571M	599.4M	653.5M	697.9M	762.5M	744.3M	815.3M	858.7M	917.8M
Gross Margin %	0.26%	0.3%	0.31%	0.3%	0.3%	0.3%	0.29%	0.28%	0.28%	0.3%
Gross Profit Growth %	-	0.83%	0.05%	0.09%	0.07%	0.09%	-0.02%	0.1%	0.05%	0.07%
Operating Expenses+	61.74M	432.9M	356.5M	370.4M	414.4M	403.3M	401.6M	439.9M	518.3M	530.8M
OpEx % of Revenue	0.05%	0.22%	0.18%	0.17%	0.18%	0.16%	0.15%	0.15%	0.17%	0.17%
Selling, General & Admin	38M	0	5.6M	0	0	0	0	0	0	0
SG&A % of Revenue	0.03%	-	0%	-	-	-	-	-	-	-
Research & Development	16.42M	0	0	0	0	0	0	0	0	0
R&D % of Revenue	0.01%	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-7.33M	432.9M	350.9M	370.4M	414.4M	403.3M	401.6M	439.9M	518.3M	530.8M
Operating Income+	249.96M	138.1M	242.9M	283.1M	283.5M	359.2M	342.7M	375.4M	340.4M	387M
Operating Margin %	0.21%	0.07%	0.12%	0.13%	0.12%	0.14%	0.13%	0.13%	0.11%	0.12%
Operating Income Growth %	8.85%	-0.45%	0.76%	0.17%	0%	0.27%	-0.05%	0.1%	-0.09%	0.14%
EBITDA+	279.54M	189.2M	285.3M	329.4M	351.8M	426.8M	414.3M	464M	435.4M	483.9M
EBITDA Margin %	0.23%	0.1%	0.15%	0.15%	0.15%	0.17%	0.16%	0.16%	0.14%	0.16%
EBITDA Growth %	193.12%	-0.32%	0.51%	0.15%	0.07%	0.21%	-0.03%	0.12%	-0.06%	0.11%
D&A (Non-Cash Add-back)	29.58M	51.1M	42.4M	46.3M	68.3M	67.6M	71.6M	88.6M	95M	96.9M
EBIT	-418.9M	153M	227.3M	296.4M	293.1M	362.2M	298.2M	403.6M	385.5M	408.2M
Net Interest Income+	36.5M	-78.1M	-81.4M	-71.7M	-82.3M	-60.68M	-82.96M	-86.07M	-138.27M	-132.62M
Interest Income	36.5M	6.53M	200K	200K	2.5M	732.73K	121.3K	630.58K	6.27M	10.82M
Interest Expense	0	84.62M	58.8M	69.3M	82.8M	61.42M	83.08M	86.71M	144.55M	143.43M
Other Income/Expense	-724.36M	-62.1M	-74.4M	-56M	-73.2M	-63.7M	-106M	-54.4M	-86.8M	-109.1M
Pretax Income+	-474.4M	76M	168.5M	227.1M	210.3M	295.5M	236.7M	321M	253.6M	277.9M
Pretax Margin %	-0.39%	0.04%	0.09%	0.1%	0.09%	0.12%	0.09%	0.11%	0.08%	0.09%
Income Tax+	-16.69M	39.6M	32M	56.6M	56.7M	70.4M	55.7M	71.2M	60.9M	50.8M
Effective Tax Rate %	0.96%	0.48%	0.81%	0.75%	0.73%	0.76%	0.76%	0.78%	0.76%	0.82%
Net Income+	-457.71M	36.4M	136.5M	171.2M	154M	225.2M	181M	249.8M	192.7M	227.1M
Net Margin %	-0.38%	0.02%	0.07%	0.08%	0.07%	0.09%	0.07%	0.08%	0.06%	0.07%
Net Income Growth %	-13.41%	1.08%	2.75%	0.25%	-0.1%	0.46%	-0.2%	0.38%	-0.23%	0.18%
Net Income (Continuing)	-457.71M	36.4M	136.5M	170.5M	153.6M	225.1M	181M	249.8M	192.7M	227.1M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	-800K	-1.2M	0	0	0	0	0
EPS (Diluted)+	-3.77	0.20	0.74	0.97	0.77	1.06	1.06	1.41	1.13	1.40
EPS Growth %	-16.14%	1.05%	2.7%	0.31%	-0.21%	0.38%	0%	0.33%	-0.2%	0.24%
EPS (Basic)	-3.77	0.20	0.78	0.97	0.80	1.08	1.06	1.41	1.13	1.41
Diluted Shares Outstanding	121.7M	183.53M	184.8M	175.8M	198.43M	197.89M	178.07M	174.28M	171.2M	163.1M
Basic Shares Outstanding	121.54M	183.52M	176.1M	175.6M	192M	197.54M	178.07M	174.28M	170.57M	164.88M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	0.39%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.14B	873.8M	749.1M	936.8M	1.42B	968.4M	929.1M	1.12B	1.17B	1.23B
Cash & Short-Term Investments	618.7M	325.3M	219M	327.5M	851M	418.1M	254M	369.4M	412.7M	403M
Cash Only	618.7M	325.3M	219M	327.5M	826M	393.1M	254M	369.4M	412.7M	403M
Short-Term Investments	0	0	0	0	25M	25M	0	0	0	0
Accounts Receivable	70.1M	135.7M	147.1M	173.9M	206.7M	185M	234.6M	266.8M	304.1M	371.7M
Days Sales Outstanding	21.09	25.69	27.44	29.21	32.46	26.84	32.85	33.13	36.46	43.77
Inventory	319.6M	325M	306.9M	342.5M	323.2M	344.3M	410.6M	457.1M	446.4M	441.5M
Days Inventory Outstanding	129.37	87.44	82.54	82.28	72.53	71.67	80.48	78.54	74.54	73.85
Other Current Assets	127.9M	79.8M	66M	83.7M	31.4M	11.8M	14.5M	6.1M	1.9M	17.7M
Total Non-Current Assets+	3.79B	3.84B	3.85B	4.4B	4.48B	4.61B	5.24B	5.21B	5.25B	5.2B
Property, Plant & Equipment	318.2M	298.2M	295.4M	348.8M	422.4M	422.2M	549.4M	542.9M	563.7M	591.1M
Fixed Asset Turnover	3.81x	6.46x	6.62x	6.23x	5.50x	5.96x	4.74x	5.41x	5.40x	5.24x
Goodwill	1.68B	1.75B	1.75B	1.86B	1.86B	1.9B	2.1B	2.1B	2.1B	2.11B
Intangible Assets	1.73B	1.73B	1.72B	2.09B	2.08B	2.16B	2.46B	2.46B	2.47B	2.47B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	60.6M	400K	22.9M	38.3M	19.4M	18.3M	8.9M	8.3M	7.8M	12.9M
Total Assets+	4.93B	4.71B	4.6B	5.34B	5.9B	5.58B	6.17B	6.33B	6.42B	6.43B
Asset Turnover	0.25x	0.41x	0.43x	0.41x	0.39x	0.45x	0.42x	0.46x	0.47x	0.48x
Asset Growth %	10.02%	-0.04%	-0.02%	0.16%	0.11%	-0.05%	0.11%	0.03%	0.01%	0%
Total Current Liabilities+	1.04B	753.1M	701.9M	840M	823.1M	917.1M	966.2M	940.8M	1.03B	1.12B
Accounts Payable	252.6M	345M	328.9M	400.6M	365.9M	453.4M	507M	496.7M	476.1M	521.6M
Days Payables Outstanding	102.25	92.82	88.45	96.24	82.12	94.38	99.37	85.34	79.5	87.25
Short-Term Debt	432.6M	0	3.3M	21.4M	10.1M	16.5M	6.5M	3.2M	13.2M	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	162.3M	118.1M	75.8M	45.8M	53M	81.2M	46.6M	39.8M	47.3M	41.5M
Current Ratio	1.10x	1.16x	1.07x	1.12x	1.73x	1.06x	0.96x	1.19x	1.13x	1.10x
Quick Ratio	0.79x	0.73x	0.63x	0.71x	1.33x	0.68x	0.54x	0.70x	0.70x	0.71x
Cash Conversion Cycle	48.21	20.31	21.52	15.25	22.88	4.13	13.96	26.32	31.5	30.37
Total Non-Current Liabilities+	2B	2.05B	2.05B	2.44B	2.52B	2.54B	2.91B	2.78B	2.8B	2.65B
Long-Term Debt	1.49B	1.45B	1.4B	1.74B	1.76B	1.68B	2.14B	2.1B	2.06B	2.08B
Capital Lease Obligations	1.6M	1M	0	0	90.1M	53.7M	58.3M	44.3M	57.4M	68.1M
Deferred Tax Liabilities	0	333.2M	327.7M	392.1M	398.2M	427.1M	437.6M	445.7M	425.1M	292.7M
Other Non-Current Liabilities	508.2M	267.9M	324.4M	306.7M	278.9M	374M	269.7M	191.1M	258M	201.7M
Total Liabilities	3.04B	2.81B	2.75B	3.28B	3.35B	3.45B	3.87B	3.72B	3.82B	3.77B
Total Debt+	1.93B	1.45B	1.4B	1.76B	1.88B	1.77B	2.23B	2.17B	2.15B	2.18B
Net Debt	1.31B	1.13B	1.18B	1.44B	1.05B	1.38B	1.97B	1.8B	1.74B	1.77B
Debt / Equity	1.02x	0.76x	0.75x	0.86x	0.73x	0.83x	0.97x	0.83x	0.83x	0.82x
Debt / EBITDA	6.89x	7.68x	4.90x	5.36x	5.33x	4.15x	5.38x	4.67x	4.93x	4.50x
Net Debt / EBITDA	4.68x	5.96x	4.13x	4.36x	2.99x	3.22x	4.76x	3.88x	3.99x	3.67x
Interest Coverage	-	1.63x	4.13x	4.09x	3.42x	5.85x	4.12x	4.33x	2.35x	2.70x
Total Equity+	1.89B	1.9B	1.85B	2.06B	2.56B	2.13B	2.3B	2.61B	2.59B	2.66B
Equity Growth %	5.87%	0.01%	-0.03%	0.11%	0.24%	-0.17%	0.08%	0.13%	-0.01%	0.03%
Book Value per Share	15.51	10.37	10.02	11.71	12.88	10.74	12.91	14.95	15.14	16.32
Total Shareholders' Equity	1.89B	1.9B	1.85B	2.06B	2.56B	2.13B	2.3B	2.61B	2.59B	2.66B
Common Stock	1.77B	0	0	1.75B	2.1B	1.62B	1.62B	1.6B	1.43B	1.32B
Retained Earnings	-491.5M	-485M	-347.6M	-167.9M	-11.8M	191.6M	387.4M	886.6M	1.06B	1.2B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	72.4M	2.39B	2.2B	469.9M	451.7M	305.7M	281.6M	109.1M	76.4M	120.4M
Minority Interest	0	0	0	-800K	-1.2M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-596K	282.1M	193.8M	321.3M	315.4M	457M	306.3M	303.8M	430.8M	435.4M
Operating CF Margin %	-0%	0.15%	0.1%	0.15%	0.14%	0.18%	0.12%	0.1%	0.14%	0.14%
Operating CF Growth %	-0.47%	474.32%	-0.31%	0.66%	-0.02%	0.45%	-0.33%	-0.01%	0.42%	0.01%
Net Income	-188.77M	36.4M	136.5M	170.5M	153.6M	225.1M	181M	249.8M	192.7M	227.1M
Depreciation & Amortization	29.67M	51.1M	42.4M	46.3M	68.3M	67.6M	71.6M	88.6M	95M	96.9M
Stock-Based Compensation	100K	1.2M	2.6M	13M	14.9M	9M	5.1M	8.1M	24.1M	8.8M
Deferred Taxes	0	39.6M	32M	56.6M	56.7M	70.4M	55.7M	71.2M	60.9M	50.8M
Other Non-Cash Items	187.42M	123.2M	-52.6M	3.4M	66.8M	-9.8M	16.4M	-17.1M	100K	63.4M
Working Capital Changes	719K	30.6M	32.9M	31.5M	-44.9M	94.7M	-23.5M	-96.8M	58M	-11.6M
Change in Receivables	65.64M	-8.8M	-1.6M	-10.8M	-34.4M	-1.8M	24.1M	-38.3M	300K	-75M
Change in Inventory	-16.23M	-18.1M	16.7M	-20.2M	23.5M	-12.7M	-23.8M	-61.7M	18.8M	-1.2M
Change in Payables	-44.92M	0	0	0	0	0	0	0	0	0
Cash from Investing+	-349.99M	-50.4M	-42.6M	-513.2M	-73.8M	-171.4M	-660M	-78.7M	-76.8M	-64.4M
Capital Expenditures	-21.85M	-42.4M	-42.6M	-41.6M	-47.3M	-58.7M	-79.2M	-79.1M	-82.4M	-80.3M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-10.6M	-8.39M	-4.6M	-6.5M	-1.5M	200K	16.5M	0	5.3M	10.2M
Cash from Financing+	489.05M	-67.7M	-241.8M	302.7M	251.4M	-714.8M	214.4M	-108.1M	-321.5M	-366.4M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-89.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	353.5M	-67M	-63.6M	-47.1M	-60.7M	-55M	-57.3M	65M	-106.8M	-114.9M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-22.44M	239.7M	151.2M	279.7M	268.1M	398.3M	227.1M	224.7M	348.4M	355.1M
FCF Margin %	-0.02%	0.12%	0.08%	0.13%	0.12%	0.16%	0.09%	0.08%	0.11%	0.11%
FCF Growth %	0.16%	11.68%	-0.37%	0.85%	-0.04%	0.49%	-0.43%	-0.01%	0.55%	0.02%
FCF per Share	-0.18	1.31	0.82	1.59	1.35	2.01	1.28	1.29	2.03	2.18
FCF Conversion (FCF/Net Income)	0.00x	7.75x	1.42x	1.88x	2.05x	2.03x	1.69x	1.22x	2.24x	1.92x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-42.32%	1.92%	7.27%	8.75%	6.67%	9.62%	8.18%	10.19%	7.41%	8.64%
Return on Invested Capital (ROIC)	11.21%	3.33%	6.01%	6.51%	5.99%	7.58%	6.61%	6.49%	5.85%	6.62%
Gross Margin	25.69%	29.62%	30.63%	30.08%	30.03%	30.31%	28.55%	27.73%	28.21%	29.61%
Net Margin	-37.72%	1.89%	6.98%	7.88%	6.63%	8.95%	6.94%	8.5%	6.33%	7.33%
Debt / Equity	1.02x	0.76x	0.75x	0.86x	0.73x	0.83x	0.97x	0.83x	0.83x	0.82x
Interest Coverage	-	1.63x	4.13x	4.09x	3.42x	5.85x	4.12x	4.33x	2.35x	2.70x
FCF Conversion	0.00x	7.75x	1.42x	1.88x	2.05x	2.03x	1.69x	1.22x	2.24x	1.92x
Revenue Growth	-	58.87%	1.5%	11.05%	6.97%	8.24%	3.61%	12.78%	3.56%	1.82%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Rest Of Europe	-	-	-	260.5M	371.3M	359.6M	384.7M	406M
Rest Of Europe Growth	-	-	-	-	42.53%	-3.15%	6.98%	5.54%
ITALY	371.4M	383.6M	394.1M	426.3M	417.9M	408.5M	377.8M	392.5M
ITALY Growth	-	3.28%	2.74%	8.17%	-1.97%	-2.25%	-7.52%	3.89%
GERMANY	300.3M	310.2M	329.6M	393.2M	396.3M	385.4M	397.2M	384.8M
GERMANY Growth	-	3.30%	6.25%	19.30%	0.79%	-2.75%	3.06%	-3.12%
FRANCE	-	-	-	203.8M	188.6M	192.4M	209.3M	212.6M
FRANCE Growth	-	-	-	-	-7.46%	2.01%	8.78%	1.58%
CROATIA	-	-	-	-	-	122.7M	136.3M	141.8M
CROATIA Growth	-	-	-	-	-	-	11.08%	4.04%
SWEDEN	208M	174.1M	175.7M	158.7M	148.1M	149.4M	138.1M	134.6M
SWEDEN Growth	-	-16.30%	0.92%	-9.68%	-6.68%	0.88%	-7.56%	-2.53%
AUSTRIA	-	-	-	127.9M	129.3M	122M	126.9M	132.1M
AUSTRIA Growth	-	-	-	-	1.09%	-5.65%	4.02%	4.10%
SERBIA	-	-	-	-	-	108.2M	117.5M	130.8M
SERBIA Growth	-	-	-	-	-	-	8.60%	11.32%
NORWAY	-	-	-	115.6M	121.7M	126.6M	124.2M	121.1M
NORWAY Growth	-	-	-	-	5.28%	4.03%	-1.90%	-2.50%
SPAIN	-	-	-	82.6M	75.1M	78.6M	82.7M	83.2M
SPAIN Growth	-	-	-	-	-9.08%	4.66%	5.22%	0.60%
SWITZERLAND	-	-	-	-	-	80.1M	80.4M	80.7M
SWITZERLAND Growth	-	-	-	-	-	-	0.37%	0.37%
Austria	96.7M	102.4M	108.2M	-	-	-	-	-
Austria Growth	-	5.89%	5.66%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Nomad Foods Limited (NOMD) has a price-to-earnings (P/E) ratio of 8.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Nomad Foods Limited (NOMD) reported $3.05B in revenue for fiscal year 2024.

Nomad Foods Limited (NOMD) grew revenue by 1.8% over the past year. Growth has been modest.

Yes, Nomad Foods Limited (NOMD) is profitable, generating $198.8M in net income for fiscal year 2024 (7.3% net margin).

Dividend & Returns

Yes, Nomad Foods Limited (NOMD) pays a dividend with a yield of 4.59%. This makes it attractive for income-focused investors.

Nomad Foods Limited (NOMD) has a return on equity (ROE) of 8.6%. This is below average, suggesting room for improvement.

Nomad Foods Limited (NOMD) generated $316.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Nomad Foods Limited (NOMD) 10-Year Financial Performance & Capital Metrics

NOMD • • Industrial / General

Consumer DefensivePackaged FoodsTraditional Packaged FoodsFrozen & Refrigerated Foods

Revenue $3.1B +1.8%
EBITDA $484M +11.1%
Net Income $227M +17.9%
EPS (Diluted) 1.40 +23.9%
Gross Margin 29.61% +5.0%
EBITDA Margin 15.61% +9.2%
Operating Margin 12.48% +11.7%
Net Margin 7.33% +15.8%
ROE 8.64% +16.6%
ROIC 6.62% +13.3%
Debt/Equity 0.82 -1.3%
Interest Coverage 2.70 +14.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 4.6%
✓Share count reduced 4.7% through buybacks
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak momentum: RS Rating 18 (bottom 18%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y5.93%

3Y5.95%

TTM-0.47%

Profit (Net Income) CAGR

10Y-

5Y8.08%

3Y7.86%

TTM-0.8%

EPS CAGR

10Y-

5Y12.7%

3Y9.72%

TTM5.74%

ROCE

10Y Avg6.9%

5Y Avg6.99%

3Y Avg6.88%

Latest7.24%

Peer Comparison

Frozen & Refrigerated Foods

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MAMAMama's Creations, Inc.	558.17M	13.73	145.91	19.41%	3.08%	9.38%	0.01%	0.41
SENEASeneca Foods Corporation	629.84M	119.22	20.21	8.25%	3.73%	8.9%	47.35%	0.59
LWLamb Weston Holdings, Inc.	6.1B	43.93	17.57	-0.25%	4.56%	16.43%	3.77%	2.39
PPCPilgrim's Pride Corporation	9.89B	41.63	9.11	2.97%	6.71%	34.65%	15.31%	0.81
NOMDNomad Foods Limited	1.75B	11.91	8.51	1.82%	6.51%	7.78%	20.33%	0.82
BRIDBridgford Foods Corporation	74.52M	8.21	-22.19	-11.12%	-3.19%	-5.97%		0.05
WYHGWing Yip Food Holdings Group Limited American Depositary Shares	29.95M	0.60		23.79%	4.51%	56.18%	7.95%	0.16

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.21B	1.93B	1.96B	2.17B	2.32B	2.52B	2.61B	2.94B	3.04B	3.1B
Revenue Growth %	-	0.59%	0.01%	0.11%	0.07%	0.08%	0.04%	0.13%	0.04%	0.02%
Cost of Goods Sold+	901.72M	1.36B	1.36B	1.52B	1.63B	1.75B	1.86B	2.12B	2.19B	2.18B
COGS % of Revenue	0.74%	0.7%	0.69%	0.7%	0.7%	0.7%	0.71%	0.72%	0.72%	0.7%
Gross Profit+	311.7M	571M	599.4M	653.5M	697.9M	762.5M	744.3M	815.3M	858.7M	917.8M
Gross Margin %	0.26%	0.3%	0.31%	0.3%	0.3%	0.3%	0.29%	0.28%	0.28%	0.3%
Gross Profit Growth %	-	0.83%	0.05%	0.09%	0.07%	0.09%	-0.02%	0.1%	0.05%	0.07%
Operating Expenses+	61.74M	432.9M	356.5M	370.4M	414.4M	403.3M	401.6M	439.9M	518.3M	530.8M
OpEx % of Revenue	0.05%	0.22%	0.18%	0.17%	0.18%	0.16%	0.15%	0.15%	0.17%	0.17%
Selling, General & Admin	38M	0	5.6M	0	0	0	0	0	0	0
SG&A % of Revenue	0.03%	-	0%	-	-	-	-	-	-	-
Research & Development	16.42M	0	0	0	0	0	0	0	0	0
R&D % of Revenue	0.01%	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-7.33M	432.9M	350.9M	370.4M	414.4M	403.3M	401.6M	439.9M	518.3M	530.8M
Operating Income+	249.96M	138.1M	242.9M	283.1M	283.5M	359.2M	342.7M	375.4M	340.4M	387M
Operating Margin %	0.21%	0.07%	0.12%	0.13%	0.12%	0.14%	0.13%	0.13%	0.11%	0.12%
Operating Income Growth %	8.85%	-0.45%	0.76%	0.17%	0%	0.27%	-0.05%	0.1%	-0.09%	0.14%
EBITDA+	279.54M	189.2M	285.3M	329.4M	351.8M	426.8M	414.3M	464M	435.4M	483.9M
EBITDA Margin %	0.23%	0.1%	0.15%	0.15%	0.15%	0.17%	0.16%	0.16%	0.14%	0.16%
EBITDA Growth %	193.12%	-0.32%	0.51%	0.15%	0.07%	0.21%	-0.03%	0.12%	-0.06%	0.11%
D&A (Non-Cash Add-back)	29.58M	51.1M	42.4M	46.3M	68.3M	67.6M	71.6M	88.6M	95M	96.9M
EBIT	-418.9M	153M	227.3M	296.4M	293.1M	362.2M	298.2M	403.6M	385.5M	408.2M
Net Interest Income+	36.5M	-78.1M	-81.4M	-71.7M	-82.3M	-60.68M	-82.96M	-86.07M	-138.27M	-132.62M
Interest Income	36.5M	6.53M	200K	200K	2.5M	732.73K	121.3K	630.58K	6.27M	10.82M
Interest Expense	0	84.62M	58.8M	69.3M	82.8M	61.42M	83.08M	86.71M	144.55M	143.43M
Other Income/Expense	-724.36M	-62.1M	-74.4M	-56M	-73.2M	-63.7M	-106M	-54.4M	-86.8M	-109.1M
Pretax Income+	-474.4M	76M	168.5M	227.1M	210.3M	295.5M	236.7M	321M	253.6M	277.9M
Pretax Margin %	-0.39%	0.04%	0.09%	0.1%	0.09%	0.12%	0.09%	0.11%	0.08%	0.09%
Income Tax+	-16.69M	39.6M	32M	56.6M	56.7M	70.4M	55.7M	71.2M	60.9M	50.8M
Effective Tax Rate %	0.96%	0.48%	0.81%	0.75%	0.73%	0.76%	0.76%	0.78%	0.76%	0.82%
Net Income+	-457.71M	36.4M	136.5M	171.2M	154M	225.2M	181M	249.8M	192.7M	227.1M
Net Margin %	-0.38%	0.02%	0.07%	0.08%	0.07%	0.09%	0.07%	0.08%	0.06%	0.07%
Net Income Growth %	-13.41%	1.08%	2.75%	0.25%	-0.1%	0.46%	-0.2%	0.38%	-0.23%	0.18%
Net Income (Continuing)	-457.71M	36.4M	136.5M	170.5M	153.6M	225.1M	181M	249.8M	192.7M	227.1M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	-800K	-1.2M	0	0	0	0	0
EPS (Diluted)+	-3.77	0.20	0.74	0.97	0.77	1.06	1.06	1.41	1.13	1.40
EPS Growth %	-16.14%	1.05%	2.7%	0.31%	-0.21%	0.38%	0%	0.33%	-0.2%	0.24%
EPS (Basic)	-3.77	0.20	0.78	0.97	0.80	1.08	1.06	1.41	1.13	1.41
Diluted Shares Outstanding	121.7M	183.53M	184.8M	175.8M	198.43M	197.89M	178.07M	174.28M	171.2M	163.1M
Basic Shares Outstanding	121.54M	183.52M	176.1M	175.6M	192M	197.54M	178.07M	174.28M	170.57M	164.88M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	0.39%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.14B	873.8M	749.1M	936.8M	1.42B	968.4M	929.1M	1.12B	1.17B	1.23B
Cash & Short-Term Investments	618.7M	325.3M	219M	327.5M	851M	418.1M	254M	369.4M	412.7M	403M
Cash Only	618.7M	325.3M	219M	327.5M	826M	393.1M	254M	369.4M	412.7M	403M
Short-Term Investments	0	0	0	0	25M	25M	0	0	0	0
Accounts Receivable	70.1M	135.7M	147.1M	173.9M	206.7M	185M	234.6M	266.8M	304.1M	371.7M
Days Sales Outstanding	21.09	25.69	27.44	29.21	32.46	26.84	32.85	33.13	36.46	43.77
Inventory	319.6M	325M	306.9M	342.5M	323.2M	344.3M	410.6M	457.1M	446.4M	441.5M
Days Inventory Outstanding	129.37	87.44	82.54	82.28	72.53	71.67	80.48	78.54	74.54	73.85
Other Current Assets	127.9M	79.8M	66M	83.7M	31.4M	11.8M	14.5M	6.1M	1.9M	17.7M
Total Non-Current Assets+	3.79B	3.84B	3.85B	4.4B	4.48B	4.61B	5.24B	5.21B	5.25B	5.2B
Property, Plant & Equipment	318.2M	298.2M	295.4M	348.8M	422.4M	422.2M	549.4M	542.9M	563.7M	591.1M
Fixed Asset Turnover	3.81x	6.46x	6.62x	6.23x	5.50x	5.96x	4.74x	5.41x	5.40x	5.24x
Goodwill	1.68B	1.75B	1.75B	1.86B	1.86B	1.9B	2.1B	2.1B	2.1B	2.11B
Intangible Assets	1.73B	1.73B	1.72B	2.09B	2.08B	2.16B	2.46B	2.46B	2.47B	2.47B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	60.6M	400K	22.9M	38.3M	19.4M	18.3M	8.9M	8.3M	7.8M	12.9M
Total Assets+	4.93B	4.71B	4.6B	5.34B	5.9B	5.58B	6.17B	6.33B	6.42B	6.43B
Asset Turnover	0.25x	0.41x	0.43x	0.41x	0.39x	0.45x	0.42x	0.46x	0.47x	0.48x
Asset Growth %	10.02%	-0.04%	-0.02%	0.16%	0.11%	-0.05%	0.11%	0.03%	0.01%	0%
Total Current Liabilities+	1.04B	753.1M	701.9M	840M	823.1M	917.1M	966.2M	940.8M	1.03B	1.12B
Accounts Payable	252.6M	345M	328.9M	400.6M	365.9M	453.4M	507M	496.7M	476.1M	521.6M
Days Payables Outstanding	102.25	92.82	88.45	96.24	82.12	94.38	99.37	85.34	79.5	87.25
Short-Term Debt	432.6M	0	3.3M	21.4M	10.1M	16.5M	6.5M	3.2M	13.2M	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	162.3M	118.1M	75.8M	45.8M	53M	81.2M	46.6M	39.8M	47.3M	41.5M
Current Ratio	1.10x	1.16x	1.07x	1.12x	1.73x	1.06x	0.96x	1.19x	1.13x	1.10x
Quick Ratio	0.79x	0.73x	0.63x	0.71x	1.33x	0.68x	0.54x	0.70x	0.70x	0.71x
Cash Conversion Cycle	48.21	20.31	21.52	15.25	22.88	4.13	13.96	26.32	31.5	30.37
Total Non-Current Liabilities+	2B	2.05B	2.05B	2.44B	2.52B	2.54B	2.91B	2.78B	2.8B	2.65B
Long-Term Debt	1.49B	1.45B	1.4B	1.74B	1.76B	1.68B	2.14B	2.1B	2.06B	2.08B
Capital Lease Obligations	1.6M	1M	0	0	90.1M	53.7M	58.3M	44.3M	57.4M	68.1M
Deferred Tax Liabilities	0	333.2M	327.7M	392.1M	398.2M	427.1M	437.6M	445.7M	425.1M	292.7M
Other Non-Current Liabilities	508.2M	267.9M	324.4M	306.7M	278.9M	374M	269.7M	191.1M	258M	201.7M
Total Liabilities	3.04B	2.81B	2.75B	3.28B	3.35B	3.45B	3.87B	3.72B	3.82B	3.77B
Total Debt+	1.93B	1.45B	1.4B	1.76B	1.88B	1.77B	2.23B	2.17B	2.15B	2.18B
Net Debt	1.31B	1.13B	1.18B	1.44B	1.05B	1.38B	1.97B	1.8B	1.74B	1.77B
Debt / Equity	1.02x	0.76x	0.75x	0.86x	0.73x	0.83x	0.97x	0.83x	0.83x	0.82x
Debt / EBITDA	6.89x	7.68x	4.90x	5.36x	5.33x	4.15x	5.38x	4.67x	4.93x	4.50x
Net Debt / EBITDA	4.68x	5.96x	4.13x	4.36x	2.99x	3.22x	4.76x	3.88x	3.99x	3.67x
Interest Coverage	-	1.63x	4.13x	4.09x	3.42x	5.85x	4.12x	4.33x	2.35x	2.70x
Total Equity+	1.89B	1.9B	1.85B	2.06B	2.56B	2.13B	2.3B	2.61B	2.59B	2.66B
Equity Growth %	5.87%	0.01%	-0.03%	0.11%	0.24%	-0.17%	0.08%	0.13%	-0.01%	0.03%
Book Value per Share	15.51	10.37	10.02	11.71	12.88	10.74	12.91	14.95	15.14	16.32
Total Shareholders' Equity	1.89B	1.9B	1.85B	2.06B	2.56B	2.13B	2.3B	2.61B	2.59B	2.66B
Common Stock	1.77B	0	0	1.75B	2.1B	1.62B	1.62B	1.6B	1.43B	1.32B
Retained Earnings	-491.5M	-485M	-347.6M	-167.9M	-11.8M	191.6M	387.4M	886.6M	1.06B	1.2B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	72.4M	2.39B	2.2B	469.9M	451.7M	305.7M	281.6M	109.1M	76.4M	120.4M
Minority Interest	0	0	0	-800K	-1.2M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-596K	282.1M	193.8M	321.3M	315.4M	457M	306.3M	303.8M	430.8M	435.4M
Operating CF Margin %	-0%	0.15%	0.1%	0.15%	0.14%	0.18%	0.12%	0.1%	0.14%	0.14%
Operating CF Growth %	-0.47%	474.32%	-0.31%	0.66%	-0.02%	0.45%	-0.33%	-0.01%	0.42%	0.01%
Net Income	-188.77M	36.4M	136.5M	170.5M	153.6M	225.1M	181M	249.8M	192.7M	227.1M
Depreciation & Amortization	29.67M	51.1M	42.4M	46.3M	68.3M	67.6M	71.6M	88.6M	95M	96.9M
Stock-Based Compensation	100K	1.2M	2.6M	13M	14.9M	9M	5.1M	8.1M	24.1M	8.8M
Deferred Taxes	0	39.6M	32M	56.6M	56.7M	70.4M	55.7M	71.2M	60.9M	50.8M
Other Non-Cash Items	187.42M	123.2M	-52.6M	3.4M	66.8M	-9.8M	16.4M	-17.1M	100K	63.4M
Working Capital Changes	719K	30.6M	32.9M	31.5M	-44.9M	94.7M	-23.5M	-96.8M	58M	-11.6M
Change in Receivables	65.64M	-8.8M	-1.6M	-10.8M	-34.4M	-1.8M	24.1M	-38.3M	300K	-75M
Change in Inventory	-16.23M	-18.1M	16.7M	-20.2M	23.5M	-12.7M	-23.8M	-61.7M	18.8M	-1.2M
Change in Payables	-44.92M	0	0	0	0	0	0	0	0	0
Cash from Investing+	-349.99M	-50.4M	-42.6M	-513.2M	-73.8M	-171.4M	-660M	-78.7M	-76.8M	-64.4M
Capital Expenditures	-21.85M	-42.4M	-42.6M	-41.6M	-47.3M	-58.7M	-79.2M	-79.1M	-82.4M	-80.3M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-10.6M	-8.39M	-4.6M	-6.5M	-1.5M	200K	16.5M	0	5.3M	10.2M
Cash from Financing+	489.05M	-67.7M	-241.8M	302.7M	251.4M	-714.8M	214.4M	-108.1M	-321.5M	-366.4M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-89.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	353.5M	-67M	-63.6M	-47.1M	-60.7M	-55M	-57.3M	65M	-106.8M	-114.9M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-22.44M	239.7M	151.2M	279.7M	268.1M	398.3M	227.1M	224.7M	348.4M	355.1M
FCF Margin %	-0.02%	0.12%	0.08%	0.13%	0.12%	0.16%	0.09%	0.08%	0.11%	0.11%
FCF Growth %	0.16%	11.68%	-0.37%	0.85%	-0.04%	0.49%	-0.43%	-0.01%	0.55%	0.02%
FCF per Share	-0.18	1.31	0.82	1.59	1.35	2.01	1.28	1.29	2.03	2.18
FCF Conversion (FCF/Net Income)	0.00x	7.75x	1.42x	1.88x	2.05x	2.03x	1.69x	1.22x	2.24x	1.92x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-42.32%	1.92%	7.27%	8.75%	6.67%	9.62%	8.18%	10.19%	7.41%	8.64%
Return on Invested Capital (ROIC)	11.21%	3.33%	6.01%	6.51%	5.99%	7.58%	6.61%	6.49%	5.85%	6.62%
Gross Margin	25.69%	29.62%	30.63%	30.08%	30.03%	30.31%	28.55%	27.73%	28.21%	29.61%
Net Margin	-37.72%	1.89%	6.98%	7.88%	6.63%	8.95%	6.94%	8.5%	6.33%	7.33%
Debt / Equity	1.02x	0.76x	0.75x	0.86x	0.73x	0.83x	0.97x	0.83x	0.83x	0.82x
Interest Coverage	-	1.63x	4.13x	4.09x	3.42x	5.85x	4.12x	4.33x	2.35x	2.70x
FCF Conversion	0.00x	7.75x	1.42x	1.88x	2.05x	2.03x	1.69x	1.22x	2.24x	1.92x
Revenue Growth	-	58.87%	1.5%	11.05%	6.97%	8.24%	3.61%	12.78%	3.56%	1.82%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Rest Of Europe	-	-	-	260.5M	371.3M	359.6M	384.7M	406M
Rest Of Europe Growth	-	-	-	-	42.53%	-3.15%	6.98%	5.54%
ITALY	371.4M	383.6M	394.1M	426.3M	417.9M	408.5M	377.8M	392.5M
ITALY Growth	-	3.28%	2.74%	8.17%	-1.97%	-2.25%	-7.52%	3.89%
GERMANY	300.3M	310.2M	329.6M	393.2M	396.3M	385.4M	397.2M	384.8M
GERMANY Growth	-	3.30%	6.25%	19.30%	0.79%	-2.75%	3.06%	-3.12%
FRANCE	-	-	-	203.8M	188.6M	192.4M	209.3M	212.6M
FRANCE Growth	-	-	-	-	-7.46%	2.01%	8.78%	1.58%
CROATIA	-	-	-	-	-	122.7M	136.3M	141.8M
CROATIA Growth	-	-	-	-	-	-	11.08%	4.04%
SWEDEN	208M	174.1M	175.7M	158.7M	148.1M	149.4M	138.1M	134.6M
SWEDEN Growth	-	-16.30%	0.92%	-9.68%	-6.68%	0.88%	-7.56%	-2.53%
AUSTRIA	-	-	-	127.9M	129.3M	122M	126.9M	132.1M
AUSTRIA Growth	-	-	-	-	1.09%	-5.65%	4.02%	4.10%
SERBIA	-	-	-	-	-	108.2M	117.5M	130.8M
SERBIA Growth	-	-	-	-	-	-	8.60%	11.32%
NORWAY	-	-	-	115.6M	121.7M	126.6M	124.2M	121.1M
NORWAY Growth	-	-	-	-	5.28%	4.03%	-1.90%	-2.50%
SPAIN	-	-	-	82.6M	75.1M	78.6M	82.7M	83.2M
SPAIN Growth	-	-	-	-	-9.08%	4.66%	5.22%	0.60%
SWITZERLAND	-	-	-	-	-	80.1M	80.4M	80.7M
SWITZERLAND Growth	-	-	-	-	-	-	0.37%	0.37%
Austria	96.7M	102.4M	108.2M	-	-	-	-	-
Austria Growth	-	5.89%	5.66%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Nomad Foods Limited (NOMD) has a price-to-earnings (P/E) ratio of 8.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Nomad Foods Limited (NOMD) reported $3.05B in revenue for fiscal year 2024.

Nomad Foods Limited (NOMD) grew revenue by 1.8% over the past year. Growth has been modest.

Yes, Nomad Foods Limited (NOMD) is profitable, generating $198.8M in net income for fiscal year 2024 (7.3% net margin).

Dividend & Returns

Yes, Nomad Foods Limited (NOMD) pays a dividend with a yield of 4.59%. This makes it attractive for income-focused investors.

Nomad Foods Limited (NOMD) has a return on equity (ROE) of 8.6%. This is below average, suggesting room for improvement.

Nomad Foods Limited (NOMD) generated $316.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.