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Nomad Foods Ltd(NOMD)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$10.63
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for NOMD

09/25/2026: NOMD (1-star) is currently NOT-A-BUY. Pass it for now.

Nomad Foods is a major European frozen food company that operates established brands such as Birds Eye and Iglo. The stock is best suited for investors seeking defensive, stable consumer goods exposure with a track record of operational efficiency and consistent margins. The company's primary opportunity lies in its ability to leverage its scale to drive product innovation, such as in plant-based categories, and execute disciplined M&A in fragmented markets. However, investors must monitor risks related to intense competition from private labels and exposure to fluctuating commodity costs. The stock maintains a stable business profile, making it a potentially strong fit for value-oriented investors focused on long-term, cash-generative returns.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers steady organic growth potential but is more of a mature consumer staple.
Momentum investorWeak fitThe stock often lacks the high-volatility price trends favored by momentum investors.
Value investorStrong fitThe company often trades at valuations that may appear attractive relative to its steady cash generation.
Dividend investorMixed fitWhile dividends are present, the company is not a high-yield utility-like income stock.
Low-risk investorStrong fit while signal remains positiveConsumer staples generally provide defensive characteristics, though international exposure adds moderate risk.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumThe stock price is subject to general market fluctuations and specific sector headwinds.
Valuation riskLowCurrent trading levels are generally considered reasonable given the company's cash flow stability.
Competition riskMedium / highPrivate label expansion puts significant pressure on branded pricing power.
Business qualityStrongThe company holds strong, iconic brand franchises across Europe.
Dividend incomeMediumDividends are a growing component of returns but not the primary driver for all investors.
Execution riskMediumSuccessfully managing large-scale European operations and supply chains requires continuous operational discipline.

Price Behavior

Flat / Range-Bound
PRICE PATH

Flat / Range-Bound

The stock price has been trading within a narrow range with minimal directional movement.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -2.5%
Avg. Invested days 42
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
NOMD receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
NOMD has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and strong ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 8.3%) is partially offset by negative earnings growth (-39.8%), slightly negative revenue growth (-2.2%), soft profitability (net margin 4.5%).

Financial Health Rating

★★★★★
NOMD's financial health is supported by solid cash strength, including free-cash-flow generation (8.3% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
NOMD's growth profile is soft, with the least-weak measure being revenue growth at -2.2% FY2025 versus FY2024. By comparison, while earnings growth (-39.8%, negative) and free-cash-flow growth (-29.0%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 66.7% and approximately 81.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 19.25% supports management-shareholder alignment.

Top 5 Institutional Investors

Brown Advisory Holdings Inc 4.66%
Allspring Global Investments Holdings, LLC 3.79%
Boston Partners Global Investors, Inc 3.75%
Doma Perpetual Capital Management LLC 2.74%
Massachusetts Financial Services Company 2.51%

Unit Economics (Per $1K Revenue)

★★★★★
NOMD generates approximately $271 of gross profit, $107 of operating income, and $83 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 5.92%

Quantitative Style Profile

★★★★★
NOMD has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.49B USD
Price to earnings Ratio 10.78
1Y Target Price 13.43
Price to earnings Ratio 10.78
1Y Target Price 13.43
Volume (30-day avg) 1.6M shares
Beta 0.67
52 Weeks Range 8.86 - 12.69
Updated Date 09/25/2026
52 Weeks Range 8.86 - 12.69
Updated Date 09/25/2026
Dividends yield (FY) 6.37%
Basic EPS (TTM) 0.99

How Company Makes Money

Business areaWhat it includesRetail investor read
Frozen Food SalesSales of frozen fish, meals, vegetables, and snacks across Europe.The company primarily makes money by selling essential, convenience-focused food products through major European retailers.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 10.78
Forward PE 11.14
Enterprise Value 3.84B
Price to Sales(TTM) 0.5
Enterprise Value 3.84B
Price to Sales(TTM) 0.5
Enterprise Value to Revenue 1.13
Enterprise Value to EBITDA 9.45
Shares Outstanding 139.79M
Shares Floating 113.62M
Shares Outstanding 139.79M
Shares Floating 113.62M
Percent Insiders 19.25
Percent Institutions 66.74

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Nomad Foods Ltd

Exchange NYSE
Headquarters -
IPO Launch date 2016-01-04
CEO & Director Mr. Dominic James Brisby
Sector Consumer Defensive
Industry Packaged Foods
Full time employees 7024
Full time employees 7024

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products, comprising nuggets, grills, and burgers. It also provides meal products that contain ready-to-cook noodles, pasta, lasagna, pancakes, and other ready-made meals; ice creams, such as in-home and out-of-home ice creams; and other products comprising soups, pizzas, bakery goods, and meat substitutes. The company sells its products to supermarkets and food retail chains primarily under the Birds Eye, Green Cuisine, iglo, Findus, Aunt Bessie's, Goodfella's, Frikom, Ledo, La Cocinera, and Belviva brand names. Nomad Foods Limited was founded in 2014 and is headquartered in Woking, the United Kingdom.