Nomad Foods Limited
Nomad Foods Limited is a frozen food company that manufactures, markets, and distributes branded products across Europe. Its portfolio includes Birds Eye, Findus, iglo, Ledo, Frikom, La Cocinera, and other regional brands, covering categories such as fish, vegetables, poultry, ready meals, pizza, potatoes, and ice cream. The company serves grocery retailers and food distribution channels in the United Kingdom and multiple European markets, making it a major participant in the packaged frozen foods sector. Nomad Foods Limited focuses on convenience, shelf-stable meal solutions, and everyday grocery staples, with a business model centered on branded consumer foods rather than fresh or discretionary products. Headquartered in the United Kingdom, Nomad Foods Limited plays a significant role in the European frozen food market through a broad multi-brand platform and a geographically diversified distribution footprint.
$11.77
+$0.28 (+2.39%)
EOD Oct 16, 2026
13.32% operating margin is respectable but not wide. ROIC at 7.89%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 2.2% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 29% versus the prior year, cash generation momentum has weakened. Net debt of €1.97B represents 7.8x FCF, leverage limits flexibility.
12.0x earnings, 5.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€2.96B
▼ -2.2% YoY
Net Income (TTM)
€124M
▼ -39.8% YoY
Op. Margin
12.77%
▼ -1.4pp YoY
ROIC
7.89%
▲ +0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€251M
▼ -29.0% YoY
Op. Cash Flow (TTM)
€330M
▼ -20.9% YoY
Net Debt
€1.97B
Cash & Equiv.
€324M
3Y CAGR: +1.0%
3Y CAGR: +3.9%
Continue Research
Is Nomad Foods (NOMD) overvalued?
At a P/E of 12.0 and a price-to-free-cash-flow of 5.8, Nomad Foods (NOMD) trades below a two-stage DCF intrinsic value of about €17.24 per share, so at €11.77 the stock looks undervalued (46.6% below 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, Nomad Foods scores 45/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 6.7%; 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 Nomad Foods's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €17.24 per share for NOMD, 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 €12.93. At today's €11.77, that puts the stock about 46.6% below 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 Nomad Foods a high-quality business?+
Nomad Foods scores 45 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 12.8% operating margin and a 7.9% 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 Nomad Foods (NOMD) pay a dividend, and how much?+
Yes, Nomad Foods pays a regular dividend of about €0.70 per share per year (typically in quarterly installments), a yield of roughly 6.7% at the current price. That is a payout ratio of about 78.7% of earnings, so the dividend is covered, with less cushion. 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 NOMD's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Nomad Foods a good stock to buy right now?+
That depends on valuation and quality together, not either alone. NOMD currently trades below its estimated intrinsic value and scores 45/100 on quality (mixed). It also yields about 6.7%. 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.
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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.