Nomad Foods Stock Beta
| NOMD Stock | USD 18.03 0.03 0.17% |
Nomad Foods fundamentals help investors to digest information that contributes to Nomad Foods' financial success or failures. It also enables traders to predict the movement of Nomad Stock. The fundamental analysis module provides a way to measure Nomad Foods' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nomad Foods stock.
Nomad | Beta |
Nomad Foods Company Beta Analysis
Nomad Foods' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Nomad Foods Beta | 0.75 |
Most of Nomad Foods' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nomad Foods is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nomad Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Nomad Foods is extremely important. It helps to project a fair market value of Nomad Stock properly, considering its historical fundamentals such as Beta. Since Nomad Foods' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Nomad Foods' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Nomad Foods' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Nomad Foods has a Beta of 0.749. This is 39.11% lower than that of the Food Products sector and 32.52% lower than that of the Consumer Staples industry. The beta for all United States stocks is notably lower than that of the firm.
Nomad Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nomad Foods' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nomad Foods could also be used in its relative valuation, which is a method of valuing Nomad Foods by comparing valuation metrics of similar companies.Nomad Foods is currently under evaluation in beta category among related companies.
Nomad Foods Current Valuation Drivers
We derive many important indicators used in calculating different scores of Nomad Foods from analyzing Nomad Foods' financial statements. These drivers represent accounts that assess Nomad Foods' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Nomad Foods' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.8B | 4.0B | 4.0B | 2.8B | 2.6B | 2.1B | |
| Enterprise Value | 4.9B | 5.4B | 6.0B | 4.6B | 4.4B | 3.4B |
Nomad Foods Institutional Holders
Institutional Holdings refers to the ownership stake in Nomad Foods that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nomad Foods' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nomad Foods' value.| Shares | River Road Asset Management, Llc | 2024-03-31 | 2.7 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 2.7 M | Millennium Management Llc | 2023-12-31 | 2.3 M | Deutsche Bank Ag | 2023-12-31 | 2.2 M | Altravue Capital, Llc | 2023-12-31 | 2.1 M | Hhg Plc | 2023-12-31 | 2 M | Wellington Management Company Llp | 2023-12-31 | 2 M | Victory Capital Management Inc. | 2023-12-31 | 1.7 M | Paradice Investment Management Llc | 2023-12-31 | 1.7 M | Fmr Inc | 2023-12-31 | 16.7 M | Boston Partners Global Investors, Inc | 2023-12-31 | 7.2 M |
As returns on the market increase, Nomad Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nomad Foods is expected to be smaller as well.
Nomad Fundamentals
| Return On Equity | 0.0741 | |||
| Return On Asset | 0.0401 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 4.67 B | |||
| Shares Outstanding | 162.72 M | |||
| Shares Owned By Insiders | 17.65 % | |||
| Shares Owned By Institutions | 80.65 % | |||
| Number Of Shares Shorted | 2.51 M | |||
| Price To Earning | 12.39 X | |||
| Price To Book | 1.07 X | |||
| Price To Sales | 0.99 X | |||
| Revenue | 2.98 B | |||
| Gross Profit | 815.3 M | |||
| EBITDA | 511.4 M | |||
| Net Income | 188.75 M | |||
| Cash And Equivalents | 221 M | |||
| Cash Per Share | 1.28 X | |||
| Total Debt | 2.19 B | |||
| Debt To Equity | 0.92 % | |||
| Current Ratio | 1.07 X | |||
| Book Value Per Share | 15.88 X | |||
| Cash Flow From Operations | 335.19 M | |||
| Short Ratio | 4.25 X | |||
| Earnings Per Share | 1.21 X | |||
| Price To Earnings To Growth | 1.38 X | |||
| Target Price | 23.97 | |||
| Number Of Employees | 6.99 K | |||
| Beta | 0.75 | |||
| Market Capitalization | 2.96 B | |||
| Total Asset | 6.42 B | |||
| Retained Earnings | 1.06 B | |||
| Working Capital | 137.1 M | |||
| Current Asset | 817 M | |||
| Current Liabilities | 662 M | |||
| Annual Yield | 0.03 % | |||
| Net Asset | 6.42 B |
About Nomad Foods Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nomad Foods's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nomad Foods using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nomad Foods based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Nomad Foods' price analysis, check to measure Nomad Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nomad Foods is operating at the current time. Most of Nomad Foods' value examination focuses on studying past and present price action to predict the probability of Nomad Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nomad Foods' price. Additionally, you may evaluate how the addition of Nomad Foods to your portfolios can decrease your overall portfolio volatility.
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Is Nomad Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nomad Foods. If investors know Nomad will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nomad Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Earnings Share 1.21 | Revenue Per Share 17.849 | Quarterly Revenue Growth 0.014 | Return On Assets 0.0401 |
The market value of Nomad Foods is measured differently than its book value, which is the value of Nomad that is recorded on the company's balance sheet. Investors also form their own opinion of Nomad Foods' value that differs from its market value or its book value, called intrinsic value, which is Nomad Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nomad Foods' market value can be influenced by many factors that don't directly affect Nomad Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nomad Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nomad Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nomad Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.