NOMD

Consumer Defensive

Nomad Foods Limited · Packaged Foods · $1B

UQS Score — Balanced Preset
38.3
Below Average

Nomad Foods Limited scores 38.3/100 using the Balanced preset.

UQS vs Consumer Defensive Sector
NOMD
38.3
Sector avg
38.4
Quality
Weak
Moat
Weak
Growth
Weak
Risk
Weak
Valuation
Attractive

What is Nomad Foods Limited?

Nomad Foods Limited is a European frozen food company operating across more than nine countries. It owns some of the continent's most recognizable frozen food brands, selling through major supermarkets and retail chains.

The company manufactures and distributes a broad range of frozen food products — from fish fingers and vegetables to ready meals and ice cream. Revenue comes primarily from selling branded products directly to supermarkets and food retailers across the UK, Italy, Germany, France, Sweden, and other European markets. Its go-to-market model relies on strong brand recognition and established distribution arrangements rather than direct-to-consumer channels.

Nomad Foods was established in 2015 and is headquartered in Woking, United Kingdom.

  • Frozen fish products including fish fingers and coated fish
  • Vegetables such as peas and spinach
  • Poultry and meat products including nuggets and burgers
  • Ready meals including pasta, lasagna, and noodles
  • Ice cream, pizzas, soups, and meat substitutes

Is NOMD a Good Stock to Buy?

UQS Score rates NOMD as Below Average overall.

The one area where NOMD stands out relative to its pillar profile is Valuation, which is rated Attractive — suggesting the market may already be pricing in the company's challenges. For investors focused on value-oriented entry points in the Consumer Defensive sector, this is worth noting.

The Quality, Moat, Growth, and Risk pillars all carry Weak ratings, pointing to meaningful structural headwinds across profitability, competitive positioning, expansion potential, and balance sheet resilience.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does NOMD pay dividends?

Yes — Nomad Foods Limited pays a dividend.

Nomad Foods pays a regular dividend, which is relatively uncommon among smaller Consumer Defensive companies still carrying acquisition-related debt. The dividend may appeal to income-oriented investors, though the Weak Risk pillar rating suggests it is worth examining how comfortably the payout is supported by underlying cash generation before relying on it.

When does NOMD report earnings?

Nomad Foods reports earnings on a quarterly cadence, typical for companies listed on US exchanges.

The company operates in a mature, price-sensitive frozen food market across Europe, where volume growth has been modest and input cost pressures have weighed on results. Weak ratings across the Growth and Quality pillars reflect these ongoing challenges in translating top-line activity into consistent earnings improvement.

For the most recent quarter's results, visit Nomad Foods' investor relations page directly.

NOMD Price History

-65.3% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Nomad Foods Limited?

$
Today it would be worth
$3,612
That's a -63.9% total return, or -18.4% annualized.

Based on Nomad Foods Limited's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

NOMD Long-term Outlook

Given Weak ratings across Growth, Quality, and Risk, the near-term fundamental outlook for NOMD appears constrained. The frozen food category in Europe faces ongoing pressure from private-label competition and shifting consumer preferences. The Attractive Valuation rating does indicate the stock may already reflect much of this pessimism, but a re-rating would likely require demonstrated improvement in margins or volume trends.

Growth drivers

  • Potential for brand-led pricing power in premium frozen food segments
  • Cross-selling and distribution expansion across underpenetrated European markets
  • Growing consumer interest in convenient, affordable meal solutions

Key risks

  • Persistent private-label competition compressing branded product margins
  • Elevated debt load limiting financial flexibility, reflected in the Weak Risk rating
  • Weak Growth pillar signals limited near-term revenue expansion visibility

NOMD vs Peers

Within the broader Consumer Defensive space, NOMD competes for investor attention alongside other branded consumer goods companies.

JWEL.TONOMD scores lower
Jamieson Wellness Inc.

Jamieson focuses on branded vitamins and supplements in Canada, operating in a higher-margin health category compared to Nomad's commodity-adjacent frozen food business.

JJSFNOMD scores lower
J&J Snack Foods Corp.

J&J Snack Foods serves foodservice and retail channels in North America with a diversified snack portfolio, giving it different geographic and channel exposure than NOMD's European supermarket focus.

HLFNOMD scores lower
Herbalife Nutrition Ltd.

Herbalife operates a direct-selling nutrition model globally, contrasting sharply with Nomad's traditional retail distribution approach across European frozen food aisles.

Frequently Asked Questions

What does Nomad Foods do?

Nomad Foods manufactures and sells frozen food products across Europe under brands including Birds Eye, Iglo, Findus, Goodfella's, and Aunt Bessie's. Its product range spans fish, vegetables, poultry, ready meals, and ice cream, sold primarily through supermarkets and food retail chains.

Does NOMD pay dividends?

Yes, Nomad Foods pays a regular dividend. Income-focused investors may find this appealing, though the company's Weak Risk pillar rating warrants a closer look at how well the dividend is covered by free cash flow before treating it as a reliable income stream.

When does NOMD report earnings?

Nomad Foods follows a quarterly earnings reporting cadence. For the exact schedule and most recent results, check the investor relations section of the Nomad Foods website directly, as specific dates are subject to change.

Is NOMD a good stock to buy?

UQS Score rates NOMD as Below Average, with Weak ratings across Quality, Moat, Growth, and Risk pillars. The Valuation pillar is rated Attractive, which may interest contrarian investors. Whether that valuation discount compensates for the fundamental weaknesses depends on your investment criteria.

Is NOMD overvalued?

Based on the UQS Valuation pillar, NOMD is rated Attractive, suggesting the stock is not considered overvalued relative to its fundamentals. However, an attractive price alone does not offset the Weak ratings seen across the other four pillars.

How does NOMD compare to its competitors?

Compared to peers like Jamieson Wellness, J&J Snack Foods, and Herbalife, Nomad Foods operates in a more commoditized, price-competitive frozen food category with heavy reliance on European retail distribution. Full UQS pillar comparisons are available to Pro members.

What is NOMD's market cap bracket?

Nomad Foods is classified as a small-cap company. This places it below large-cap Consumer Defensive peers in terms of market size, which can mean lower liquidity and greater sensitivity to sector-level headwinds.

Who founded Nomad Foods?

Nomad Foods was established in 2015 as an acquisition vehicle focused on European consumer food brands. Founding context and early leadership history are widely available through the company's public filings and investor relations materials.

Is NOMD a long-term quality investment?

As a long-term quality indicator, the UQS Score rates NOMD as Below Average. Weak pillar ratings across Quality, Moat, and Growth suggest the business has not yet demonstrated the durable competitive advantages typically associated with strong long-term compounders in the Consumer Defensive sector.

What is the main competitive advantage of Nomad Foods?

Nomad Foods' primary competitive asset is its portfolio of established European frozen food brands, including Birds Eye and Iglo. However, the UQS Moat pillar is rated Weak, indicating that brand recognition alone has not translated into a clearly defensible competitive position at this time.

What sector does NOMD belong to?

Nomad Foods operates in the Consumer Defensive sector. Companies in this sector typically sell everyday essentials that maintain demand regardless of economic conditions — frozen food fits that profile, though margin pressure and private-label competition remain persistent challenges.

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Pro Analysis

NOMD — Score History

2530354045Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 9 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 10, 202634.311.921.027.636.9100.00.0
May 8, 202634.311.921.027.536.9100.0-4.2
May 1, 202638.539.221.027.523.396.10.0
Apr 26, 202638.539.221.027.423.396.10.0
Apr 18, 202638.539.221.027.623.396.1-0.6
Apr 16, 202639.139.221.027.623.3100.0+0.1
Apr 11, 202639.039.221.027.423.3100.00.0
Apr 4, 202639.039.221.027.223.3100.0+0.1
Apr 2, 202638.939.221.027.023.3100.0

NOMD — Pillar Breakdown

Quality

39.0/100 (25%)

Nomad Foods Limited has average quality metrics, with room for improvement in margins or capital efficiency.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

27.5/100 (20%)

Nomad Foods Limited faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

23.5/100 (15%)

Nomad Foods Limited presents elevated risk with concerns around leverage or financial stability.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Debt/EquityModerate

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

95.3/100 (15%)

Nomad Foods Limited appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

21/100 (25%)

Nomad Foods Limited operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for NOMD.

Score Composition

Quality
39.0×25%9.8
Growth
27.5×20%5.5
Risk
23.5×15%3.5
Valuation
95.3×15%14.3
Moat
21.0×25%5.3
Total
38.3Below Average

Financial Data

More Stock Analysis

How is the NOMD UQS Score Calculated?

The UQS (Unified Quality Score) for Nomad Foods Limited is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Nomad Foods Limited's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Nomad Foods Limited is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.