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Posted by
Two Blokes May 27, 2025 -
Filed in
Stock
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Nomad Foods trades at a cheap forward P/E of 8.4x and forward EV/EBITDA of 7.3x, significantly below peer averages, implying a potential 48% upside to a $26.5 target price. The company offers a 3.86% forward dividend yield, above the sector median, supported by a moderate 35.3% payout ratio and ongoing share buybacks enhancing shareholder returns. Nomad leads the €11 billion Western European frozen food market with iconic brands like Birds Eye and Iglo, operating in 22 countries, focusing on brand investment for long-term growth.
