The Magnum Ice Cream Company N.V.
The Magnum Ice Cream Company N.V. is a Netherlands-based packaged foods company focused on the production, marketing, and distribution of ice cream and frozen dessert products. The company serves both at-home and away-from-home consumption channels, offering a broad portfolio of well-known brands that includes Magnum, Ben & Jerry’s, Cornetto, and Wall’s. Its business spans multiple geographic regions and is centered on branded consumer products sold through retail, foodservice, and other frozen dessert channels. As a pure-play ice cream company, The Magnum Ice Cream Company N.V. holds a prominent position in the global frozen treats market and plays a significant role in the consumer staples sector by supplying widely recognized products to everyday consumers across international markets.
$18.78
+$0.34 (+1.84%)
EOD Oct 16, 2026
11.48% operating margin is respectable but not wide. ROIC at 18.14%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 0.5% YoY. The question is whether this is cyclical or a structural shift.
At 35x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 84% versus the prior year, cash generation momentum has weakened.
34.8x earnings, 83.2x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€7.91B
▼ -0.5% YoY
Net Income (TTM)
€307M
▼ -48.4% YoY
Op. Margin
11.48%
▼ -0.5pp YoY
ROIC
18.14%
▼ -8.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€123M
▼ -84.5% YoY
Op. Cash Flow (TTM)
€483M
▼ -56.6% YoY
Net Debt
€2.78B
Cash & Equiv.
€478M
3Y CAGR: -4.0%
3Y CAGR: -37.6%
Continue Research
Is Magnum Ice Cream Company (MICC) overvalued?
At a P/E of 34.8 and a price-to-free-cash-flow of 83.2, Magnum Ice Cream Company (MICC) trades above a two-stage DCF intrinsic value of about €-1.05 per share, so at €18.78 the stock looks overvalued (105.6% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Magnum Ice Cream Company scores 31/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.8%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Magnum Ice Cream Company's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €-1.05 per share for MICC, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €-0.79. At today's €18.78, that puts the stock about 105.6% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Magnum Ice Cream Company a high-quality business?+
Magnum Ice Cream Company scores 31 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 11.5% operating margin and a 18.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Magnum Ice Cream Company (MICC) pay a dividend, and how much?+
Yes, Magnum Ice Cream Company pays a regular dividend of about €0.14 per share per year (typically in quarterly installments), a yield of roughly 0.8% at the current price. That is a payout ratio of about 27.0% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MICC's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Magnum Ice Cream Company a good stock to buy right now?+
That depends on valuation and quality together, not either alone. MICC currently trades above its estimated intrinsic value and scores 31/100 on quality (lower-quality). It also yields about 0.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Packaged Foods
Spot a number that looks wrong?
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.