Nomad Foods Intrinsic Value Calculator – NOMAD FOODS Reports 6.9% Revenue Increase in Q2 2023 with EUR 745.1 Million Earnings
August 23, 2023
☀️Earnings Overview
On June 30 2023, NOMAD FOODS ($NYSE:NOMD) reported total revenue of EUR 745.1 million for FY2023 Q2, an increase of 6.9% year-over-year. However, their net income was EUR 49.2 million, a decrease of 34.0% from the prior year.
Analysis – Nomad Foods Intrinsic Value Calculator
GoodWhale recently conducted an analysis of NOMAD FOODS‘s fundamentals and the results are now available. According to GoodWhale’s proprietary Valuation Line, the intrinsic value of NOMAD FOODS shares is estimated to be around $25.5. The current share price is $18.1, which is 28.9% lower than its intrinsic value, making NOMAD FOODS stock an attractive investment opportunity right now. Investors should take a closer look at the company and consider investing in it if they’re looking for strong returns on their investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nomad Foods. More…
| Total Revenues | Net Income | Net Margin |
| 3.03k | 209.6 | 8.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nomad Foods. More…
| Operations | Investing | Financing |
| 377.3 | -82.4 | -153.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nomad Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.4k | 3.75k | 15.16 |
Key Ratios Snapshot
Some of the financial key ratios for Nomad Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.3% | 6.5% | 12.5% |
| FCF Margin | ROE | ROA |
| 9.6% | 8.9% | 3.7% |
Peers
The company has a strong presence in Europe and the United States. Nomad Foods Ltd is a publicly traded company listed on the London Stock Exchange. The company’s market capitalization is over £2 billion. Nomad Foods Ltd is a food company that is engaged in the manufacture and supply of frozen foods. The company operates in two segments: Europe and United States. The company has a strong presence in both the European and American markets.
– Bakkavor Group PLC ($LSE:BAKK)
Bakkavor Group PLC is a leading international manufacturer of fresh prepared foods. The company has a market cap of 527.28M as of 2022 and a Return on Equity of 9.27%. Bakkavor Group PLC is headquartered in the United Kingdom and has operations in Europe, the United States, and Asia. The company’s products include ready meals, salads, soups, sauces, desserts, and snacks.
– Finsbury Food Group PLC ($LSE:FIF)
Finsbury Food Group PLC is a leading manufacturer and supplier of bakery products in the United Kingdom. The company has a market capitalization of 116.04 million as of 2022 and a return on equity of 8.41%. Finsbury Food Group PLC supplies a wide range of bakery products to major supermarkets, foodservice operators, and food processors. The company’s product portfolio includes breads, cakes, pastries, and biscuits.
– Premier Foods PLC ($LSE:PFD)
Premier Foods PLC is a British food company with a market cap of 894.42M as of 2022. The company has a Return on Equity of 5.54%. Premier Foods PLC is a leading food company in the United Kingdom and Ireland. The company produces and sells some of the best-known and loved food brands in the country including Mr. Kipling, Ambrosia, Bisto, Oxo, and Homepride.
Summary
NOMAD FOODS released their earnings for FY2023 Q2, with total revenue of EUR 745.1 million, an increase of 6.9% from the same period last year.
However, their net income decreased by 34%, coming to EUR 49.2 million. Investors can take this as an opportunity to review their portfolios and consider if NOMAD FOODS is an ideal stock to invest in. Although there has been some slight growth in revenue, the dip in profit could be concerning. It is important to look at the current market and competitor’s data to make informed decisions on investing in NOMAD FOODS.
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