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NOMD 1-star rating from Upturn Advisory
Nomad Foods Ltd (NOMD) company logo

Nomad Foods Ltd (NOMD)

Nomad Foods Ltd (NOMD) 1-star rating from Upturn Advisory
$12.96
Last Close (24-hour delay)
Profit since last BUY1.81%
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Upturn Advisory Summary

02/24/2026: NOMD (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

2 star rating from financial analysts

7 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $16.95

1 Year Target Price $16.95

Analysts Price Target For last 52 week
$16.95 Target price
52w Low $10.74
Current$12.96
52w High $19.86
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Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.94B USD
Price to earnings Ratio 8.44
1Y Target Price 16.95
Price to earnings Ratio 8.44
1Y Target Price 16.95
Volume (30-day avg) 7
Beta 0.71
52 Weeks Range 10.74 - 19.86
Updated Date 02/24/2026
52 Weeks Range 10.74 - 19.86
Updated Date 02/24/2026
Dividends yield (FY) 5.26%
Basic EPS (TTM) 1.53

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Earnings Date

Report Date 2026-02-19
When -
Estimate 0.4414
Actual -

Profitability

Profit Margin 6.51%
Operating Margin (TTM) 14.55%

Management Effectiveness

Return on Assets (TTM) 4%
Return on Equity (TTM) 7.6%

Valuation

Trailing PE 8.44
Forward PE 11.14
Enterprise Value 4141559680
Price to Sales(TTM) 0.64
Enterprise Value 4141559680
Price to Sales(TTM) 0.64
Enterprise Value to Revenue 1.15
Enterprise Value to EBITDA 7.29
Shares Outstanding 146646115
Shares Floating 118111714
Shares Outstanding 146646115
Shares Floating 118111714
Percent Insiders 19.47
Percent Institutions 72.56

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Nomad Foods Ltd

Nomad Foods Ltd(NOMD) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Nomad Foods Ltd. was formed in 2015 through the acquisition of the European frozen food business of Iglo Group by the acquisition vehicle known as Summit Acquisition Corporation, which was subsequently renamed Nomad Foods. The company has a history rooted in established European food brands, particularly within the frozen food sector. Its evolution has been marked by strategic acquisitions aimed at consolidating its market position and expanding its product portfolio within its core geographies.

Company business area logo Core Business Areas

  • Frozen Foods (Europe): Nomad Foods operates primarily in the European frozen food market, offering a wide range of products across categories such as fish, vegetables, poultry, and ready meals. The company owns and manages several well-known brands in this segment.

leadership logo Leadership and Structure

Nomad Foods Ltd. is led by a management team with extensive experience in the food industry. The organizational structure is designed to manage its diverse brand portfolio and geographical presence effectively, with a focus on operational efficiency and brand stewardship. Key leadership roles include the Chief Executive Officer, Chief Financial Officer, and heads of various operational and commercial divisions.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Birds Eye: A leading brand in the frozen food sector across the UK, Ireland, and other European countries, offering a wide array of products including fish fingers, vegetable mixes, and potato products. Competitors include Findus (in some markets), own-label brands from retailers, and other frozen food manufacturers. Specific market share data varies by product category and region.
  • Findus: A prominent brand, particularly in Sweden, Norway, Denmark, and France, known for its frozen seafood, vegetables, and ready meals. Competitors include Birds Eye (in some markets), Picard (in France), and local private label brands. Specific market share data varies by product category and region.
  • La Siciliana: A brand focused on Italian-inspired frozen food products, including pizzas and other Italian specialties. Competitors include Dr. Oetker, Buitoni, and various local pizza brands.
  • Axel Frost: A Swedish brand offering a range of frozen foods, primarily in Scandinavia.
  • Essence of Asia: A range of frozen Asian-inspired ready meals.

Market Dynamics

industry overview logo Industry Overview

The European frozen food industry is a mature market characterized by strong brand loyalty, increasing consumer demand for convenience, and a growing awareness of health and sustainability. Private label brands from major retailers represent significant competition. The industry is influenced by consumer trends towards healthier eating, plant-based options, and ethically sourced ingredients. Economic factors such as inflation and disposable income also play a role.

Positioning

Nomad Foods holds a leading position in the European frozen food market, particularly in the UK and Nordic regions, through its strong portfolio of heritage brands. Its competitive advantages lie in its established brand recognition, extensive distribution network, and focus on quality and convenience. The company aims to leverage its scale and operational expertise to drive growth.

Total Addressable Market (TAM)

The total addressable market for frozen foods in Europe is substantial, estimated in the tens of billions of Euros. Nomad Foods operates within this large market, aiming to capture a significant share through its leading brands and strategic market penetration. Its positioning is strong in its core categories and geographies, with opportunities for further expansion and category diversification.

Upturn SWOT Analysis

Strengths

  • Strong portfolio of well-recognized and trusted heritage brands (e.g., Birds Eye, Findus).
  • Leading market positions in key European geographies.
  • Extensive distribution network across Europe.
  • Focus on quality and convenience in product offerings.
  • Experienced management team with deep industry knowledge.

Weaknesses

  • Reliance on a few core brands and product categories.
  • Sensitivity to raw material price fluctuations.
  • Challenges in innovating rapidly to meet evolving consumer tastes.
  • Exposure to currency fluctuations due to its European operations.

Opportunities

  • Expansion into new product categories within frozen foods (e.g., plant-based, premium offerings).
  • Geographic expansion into emerging European markets.
  • Leveraging e-commerce and direct-to-consumer channels.
  • Further consolidation opportunities within the fragmented European frozen food market.
  • Growing consumer interest in healthy and sustainable food options.

Threats

  • Intense competition from private label brands and other established players.
  • Changing consumer preferences away from processed foods.
  • Economic downturns impacting consumer spending on branded goods.
  • Supply chain disruptions and increased logistics costs.
  • Regulatory changes related to food safety and labeling.

Competitors and Market Share

Key competitor logo Key Competitors

  • Nestlu00e9 S.A. (NSRGY)
  • McCain Foods Limited (Private)
  • General Mills, Inc. (GIS)
  • JBS S.A. (JBSAY)
  • Unilever PLC (UL)

Competitive Landscape

Nomad Foods faces strong competition from global food conglomerates, specialized frozen food players, and increasingly from private label offerings of major retailers. Its advantages lie in its deep understanding of the European market and its established brand loyalty. However, it must continually innovate and adapt to evolving consumer demands and price pressures from competitors.

Major Acquisitions

Fortenova Group's Frozen Food Business

  • Year: 2022
  • Acquisition Price (USD millions): 613
  • Strategic Rationale: To significantly expand Nomad Foods' presence in the attractive Southeastern European frozen food markets and acquire well-established brands.

Goodfella's Pizza

  • Year: 2018
  • Acquisition Price (USD millions): 129
  • Strategic Rationale: To strengthen its position in the pizza category and expand its brand portfolio.

Growth Trajectory and Initiatives

Historical Growth: Nomad Foods has experienced significant growth since its inception, largely through strategic acquisitions that have expanded its brand portfolio and market reach. Organic growth has also been a contributing factor, driven by product innovation and market penetration strategies.

Future Projections: Analyst projections for Nomad Foods often anticipate continued revenue growth, driven by ongoing market penetration, potential new product launches, and further strategic acquisitions. Profitability is also expected to grow, supported by operational efficiencies and brand strength. The company is generally expected to continue its expansion within the European frozen food market.

Recent Initiatives: Recent initiatives by Nomad Foods have focused on strengthening its core brands, expanding into healthier and more sustainable product offerings, optimizing its supply chain, and exploring opportunities for digital transformation and e-commerce. Acquisitions of smaller, complementary businesses have also been a recurring strategy to enhance its market position.

Summary

Nomad Foods Ltd. is a dominant player in the European frozen food market, built on a foundation of strong, heritage brands like Birds Eye and Findus. The company benefits from its extensive distribution network and a clear focus on quality and convenience, giving it significant market share. However, it must navigate intense competition from private labels and adapt to evolving consumer preferences for healthier options and sustainability, while also managing raw material costs and currency fluctuations.

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Sources and Disclaimers

Data Sources:

  • Nomad Foods Investor Relations Reports
  • Company Annual Reports
  • Financial News Outlets (e.g., Reuters, Bloomberg)
  • Market Research Firms (for industry and market share data)

Disclaimers:

This JSON output is for informational purposes only and does not constitute financial advice. Market share data is an estimate and can vary based on reporting methodology and specific product categories. Financial data is based on publicly available information and may be subject to revisions. Investors should conduct their own due diligence before making any investment decisions.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Nomad Foods Ltd

Exchange NYSE
Headquaters -
IPO Launch date 2016-01-04
CEO & Director Mr. Dominic James Brisby
Sector Consumer Defensive
Industry Packaged Foods
Full time employees 6864
Full time employees 6864

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. It 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. The company also provides meal products that include 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 consisting of soups, pizzas, bakery goods, and meat substitutes. It 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.