Added to YB: 2026-03-11
Pitch date: 2026-03-08
MICC [neutral]
The Magnum Ice Cream Company N.V.
+2.84%
current return
Author Info
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Company Info
The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.
Market Cap
EUR 8.1B
Pitch Price
EUR 13.08
Price Target
23.00 (+71%)
Dividend
N/A
EV/EBITDA
8.41
P/E
27.40
EV/Sales
0.98
Sector
Food Products
Category
value
Magnum: Special Situation With 50% Upside Potential
MICC (watchlist): Largest ice cream co (21% global share, 3M freezer cabinets vs competitors' 1-1.5M) spun from Unilever Dec '24. Trades 8.4x EV/EBITDA vs peer Froneri's 12.5x (50% discount). Guides 3-5% growth (above 3-4% market), expanding in emerging mkts (30% sales) & premium segment. Insiders buying at €13-14. 2025 adj EPS €0.93, targeting €1 in '26; 40-60% payout starts '27 (3-4.6% yield). 20%+ ROIC, 2.4x debt/EBITDA. Catalysts: proving profitability, dividend launch. 50% upside potential w/ limited downside given stable performance
Read full article (16 min)