Nomad Foods Ltd. (NOMD)
NYSE:NOMD
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Nomad Foods
(NYSE:NOMD)
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Rating:65Neutral
Price Target:
$11.00
▲(12.94% Upside)
Action:Reiterated
Date:06/01/26
The score is driven by stable but weakening financial performance (recent revenue and margin/return step-down) offset by strong valuation (low P/E and high dividend yield). Technicals add modest support with improving near-term momentum but a still-challenged longer-term trend, while the earnings call was moderately positive on pricing, manageable near-term inflation, and expected H2 profitability improvement despite near-term regional disruption risks.
Positive Factors
Consistent cash generation
Consistent positive operating and free cash flow provides durable financial flexibility, supporting dividends, buybacks and productivity investments. Over 2–6 months this underpins capital allocation and resilience versus peers if margins or volumes soften, enabling strategic execution.
Negative Factors
Flattening and declining revenue
A sustained flattening and recent decline in revenue reduces operating leverage and constrains reinvestment capacity. Over months this weak topline increases reliance on cost or price moves to hit targets, pressures margins and signals competitive or demand headwinds that challenge long-term growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent cash generation
Consistent positive operating and free cash flow provides durable financial flexibility, supporting dividends, buybacks and productivity investments. Over 2–6 months this underpins capital allocation and resilience versus peers if margins or volumes soften, enabling strategic execution.
Read all positive factors
Nomad Foods (NOMD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.41B
Dividend Yield5.4%
Average Volume (3M)1.67M
Price to Earnings (P/E)9.1
Beta (1Y)0.06
Revenue Growth4.84%
EPS Growth-31.84%
CountryUS
Employees6,864
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.90
Shares Outstanding142,086,090
10 Day Avg. Volume1,350,689
30 Day Avg. Volume1,669,949
Financial Highlights & Ratios
PEG Ratio-0.33
Price to Book (P/B)0.64
Price to Sales (P/S)0.53
P/FCF Ratio6.34
Enterprise Value/Market Cap2.31
Enterprise Value/Revenue1.08
Enterprise Value/Gross Profit4.08
Enterprise Value/Ebitda9.47
Forecast
1Y Price Target
$12.75Price Target Upside30.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.51
Revenue Forecast (FY)$2.93B
Nomad Foods Business Overview & Revenue Model
Company Description
Nomad 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 fis...
How the Company Makes Money
Nomad Foods makes money primarily by selling branded frozen food products to retailers and other grocery distribution customers in Europe. Revenue is generated when the company ships frozen products (e.g., vegetables, fish, poultry, prepared meals...
Nomad Foods Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed generally positive operational and topline momentum — stronger-than-expected category and volume growth, secured pricing, manageable near-term inflation, a pipeline of productivity savings, and improving retailer partnerships. These positives were tempered by regional execution disruptions (France and Germany) that depressed shipments and market share in March/April, and by medium-term inflation and supply-chain uncertainties that could pressure results in late 2026 and into 2027. Management has built conservative assumptions into guidance and expects shipments and promotions to normalize.Positive Updates
Stronger-than-expected category growth
Q1 category growth came in at 3.8% (above expectations) with volume growth of +1.5%, driving upside to top-line performance and better-than-planned P&L outcomes.
Negative Updates
Temporary disruptions in France and Germany
Some retailers in France and Germany temporarily suspended orders and canceled promotions during price negotiations, causing out-of-stocks, a dip in market share in March (continuing into April), and weighed on shipments.
Read all updates
Q1-2026 Updates
Positive
Negative
Stronger-than-expected category growth
Q1 category growth came in at 3.8% (above expectations) with volume growth of +1.5%, driving upside to top-line performance and better-than-planned P&L outcomes.
Read all positive updates
Company Guidance
Management reiterated that Q1 outperformed plans with category growth of 3.8% (volume +1.5%), but they continue to anchor planning to roughly 2% category growth for the year; COGS inflation has picked up by less than 1% so far and remains within a mid‑single‑digit outlook with most costs covered through 2026, pricing has been secured and implemented per plan, and the sell‑in/sell‑out disruptions in March/April (which management said could shave a couple of basis points from shipments and where Easter timing effects were roughly 0.5%) were anticipated and are built into full‑year guidance, shipments are back to normal from May, and the company still expects an H2 profitability step‑up and a positive margin mix in Q3 (helped by improved Adriatics ice‑cream performance) while private‑label competitors are expected to follow price moves with a time lag.Nomad Foods Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.00B | 3.03B | 3.10B | 3.04B | 2.94B | 2.61B |
| Gross Profit | 798.02M | 823.00M | 917.80M | 858.70M | 815.30M | 744.30M |
| EBITDA | 343.69M | 254.70M | 505.10M | 480.50M | 492.20M | 369.80M |
| Net Income | 133.38M | 136.70M | 227.10M | 192.70M | 249.80M | 181.00M |
Balance Sheet | ||||||
| Total Assets | 6.34B | 6.33B | 6.43B | 6.42B | 6.33B | 6.17B |
| Cash, Cash Equivalents and Short-Term Investments | 282.50M | 329.30M | 403.00M | 412.70M | 369.40M | 254.00M |
| Total Debt | 2.30B | 2.29B | 2.18B | 2.15B | 2.17B | 2.23B |
| Total Liabilities | 3.84B | 3.84B | 3.77B | 3.82B | 3.72B | 3.87B |
| Stockholders Equity | 2.50B | 2.50B | 2.66B | 2.59B | 2.61B | 2.30B |
Cash Flow | ||||||
| Free Cash Flow | 227.42M | 252.20M | 355.10M | 348.40M | 224.70M | 227.10M |
| Operating Cash Flow | 308.56M | 330.70M | 435.40M | 430.80M | 303.80M | 306.30M |
| Investing Cash Flow | -78.45M | -74.60M | -64.40M | -76.80M | -78.70M | -660.00M |
| Financing Cash Flow | -275.06M | -332.10M | -366.40M | -321.50M | -108.10M | 214.40M |
Nomad Foods Technical Analysis
Negative
9.74
Price Trends
9.67
Positive
10.47
Negative
11.39
Negative
Market Momentum
0.08
Positive
50.63
Neutral
12.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NOMD, the sentiment is Negative. The current price of 9.74 is below the 20-day moving average (MA) of 9.91, above the 50-day MA of 9.67, and below the 200-day MA of 11.39, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 50.63 is Neutral, neither overbought nor oversold. The STOCH value of 12.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NOMD.
Nomad Foods Risk Analysis
Nomad Foods disclosed 60 risk factors in its most recent earnings report. Nomad Foods reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nomad Foods Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $1.41B | 9.14 | 5.28% | 5.40% | 4.84% | -31.84% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | $7.11B | 8.00 | 24.19% | ― | 3.30% | -26.64% | |
61 Neutral | $13.00B | 27.85 | 5.86% | 4.82% | 2.47% | -37.67% | |
61 Neutral | $11.04B | -8.80 | -21.55% | 4.45% | 1.58% | -389.82% | |
56 Neutral | $6.22B | -143.89 | -0.51% | 7.87% | -4.73% | -112.96% | |
54 Neutral | $6.46B | 11.75 | 13.98% | 5.64% | -0.81% | 5.57% |
* Consumer Defensive Sector Average
NOMD
Nomad Foods
9.91
-6.52
-39.69%
CPB
Campbell Soup
21.68
-10.69
-33.02%
CAG
Conagra Brands
13.01
-7.60
-36.89%
HRL
Hormel Foods
23.62
-6.09
-20.49%
SJM
JM Smucker
103.54
-3.82
-3.56%
PPC
Pilgrim's Pride
29.88
-13.97
-31.86%
Nomad Foods Corporate Events
Nomad Foods Sets June 22, 2026 Shareholder Meeting to Elect Board and Ratify Auditor
May 13, 2026
Nomad Foods has called its 2026 annual meeting of shareholders for June 22, 2026, at its London-area headquarters in Woking, Surrey. Shareholders of record as of May 4, 2026 are being provided proxy materials primarily via internet access, reflect...
Nomad Foods Introduces Share-Matching Option Plan to Align Leadership Incentives
May 8, 2026
Nomad Foods has launched a new Co-Investment and Share Option Matching Sub Plan under its 2025 Equity Incentive Plan, effective May 5, 2026, to incentivize its board and senior leadership to increase personal share ownership. Initial participants,...
Nomad Foods Posts Weaker Q1 2026 Results But Lifts EPS Outlook and Reaffirms Guidance
May 7, 2026
Nomad Foods reported on May 7, 2026 that first-quarter 2026 revenue fell 5.9% year on year to €715 million, with organic sales down 5.3% as volumes declined 4.4% and gross margin contracted 210 basis points to 25.7%. Profit dropped 12% to &#...
Nomad Foods Declares $0.17 Quarterly Dividend for Shareholders of Record on May 12, 2026
Apr 30, 2026
On April 30, 2026, Nomad Foods Limited announced that its board of directors has declared a quarterly cash dividend of $0.17 per share on its issued and outstanding ordinary shares. The dividend is scheduled to be paid on May 28, 2026 to sharehold...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.