Nomad Foods Limited Ordinary Shares (NOMD) Company Bio
Nomad Foods Limited manufactures and sells frozen foods to grocery retailers. The company is based in Road Town, the British Virgin Islands.
NOMD Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Nomad Foods Ltd. To summarize, we found that Nomad Foods Ltd ranked in the 37th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for NOMD, they are:
Nomad Foods Ltd's weighted average cost of capital (WACC) is 8%; for context, that number is higher than just 10.22% of tickers in our DCF set.
Nomad Foods Ltd's effective tax rate, as measured by taxes paid relative to net income, is at 17 -- greater than 65.53% of US stocks with positive free cash flow.
Relative to other stocks in its sector (Consumer Defensive), Nomad Foods Ltd has a reliance on debt greater than 55.46% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Nomad Foods Ltd? See LW, MDLZ, MKC, SYY, and CL.
A trio of food industry companies received a bullish rating today from financial services company Jefferies Financial Group, including cookie and cracker maker Mondelez International (NASDAQ: MDLZ). The other companies highlighted by Jefferies analyst Rob Dickerson in today's analysis are snack foods manufacturer Hostess Brands, Inc.
Nomad Foods Limited (NYSE: NOMD) announced today that it has entered into exclusive negotiations to acquire Fortenova Group’s Frozen Food Business Group (FFBG), which includes Ledo, Frikom and other leading frozen brands.