Nomad Foods Ltd. (NOMD) intrinsic value & 10-year financials
Nomad Foods Ltd. (NOMD) has a Graham intrinsic value of €30.23 per share. Over the last 10 fiscal years revenue grew 5.2% a year to €3.0B, with an average return on invested capital of 6.1%.
- Graham intrinsic value
- €30.23
- Revenue (FY2025)
- €3.0B
- Revenue growth (10-yr CAGR)
- 5.2%
- ROIC (10-yr avg)
- 6.1%
- Free cash flow (FY2025)
- €252.2M
NOMD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | €3.0B | €136.7M | €0.91 | €252.2M | 10.7% | 6.4% |
| FY2024 | €3.1B | €227.1M | €1.40 | €355.1M | 12.5% | 6.6% |
| FY2023 | €3.0B | €192.7M | €1.13 | €348.4M | 11.2% | 5.7% |
| FY2022 | €2.9B | €249.8M | €1.43 | €224.7M | 12.8% | 6.7% |
| FY2021 | €2.6B | €181.0M | €1.02 | €227.1M | 13.1% | 6.8% |
| FY2020 | €2.5B | €225.1M | €1.14 | €398.3M | 14.3% | 7.7% |
| FY2019 | €2.3B | €153.6M | €0.78 | €268.1M | 12.2% | 5.8% |
| FY2018 | €2.2B | €170.5M | €0.97 | €286.3M | 13.0% | 6.5% |
| FY2017 | €2.0B | €136.5M | €0.74 | €155.8M | 12.4% | 6.5% |
| FY2016 | €1.9B | €36.4M | €0.20 | €244.1M | 7.2% | 2.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in EUR.
Executive summary
Nomad Foods Ltd has demonstrated mature, steady growth, with revenue compounding at 5.2% annually over the past decade.
Nomad Foods Ltd has historically struggled to out-earn its cost of capital, averaging just 6.1% ROIC.
Over the decade, Nomad Foods Ltd shows that management has aggressively returned capital to shareholders by retiring 17.7% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Nomad Foods Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $30.23 per share.