Added to YB: 2026-07-06
Pitch date: 2026-07-02
NOMD [neutral]
Nomad Foods Limited
+0.7%
current return
Author Info
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Company Info
Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally.
Market Cap
$1.4B
Pitch Price
$11.35
Price Target
N/A
Dividend
5.95%
EV/EBITDA
7.00
P/E
11.06
EV/Sales
1.14
Sector
Food Products
Category
value
$NOMD: a cheap, unloved frozen-food leader — and management is buying
NOMD (overview): European frozen-foods leader (Birds Eye/iglo) at ~$10.4, ~$1.45B cap near 52wk low, ~6.6% yield, HSD P/E. Insiders bought 960k+ shares (~$9-10) post-weak print incl Franklin ($5.1M/yr), CEO, CFO. But Q1'26 organic rev -5.3%, EBITDA -23%; FY guide organic -2-5%. EPS raise is buyback math. Cheap staple, declining fundamentals; watch Q2 volume trend, more Form 4s, Franklin strategic move.
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