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Nomad Foods

NOMD on NYSE. Food and kindred products. Market value $1.5bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Everyday goods stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
n/a

We could not compute this from the filings.

Price to profit
annual report to December 2025
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$10.97 a share, 22% above its 1-year low

Over the past year the price has ranged from $8.99 to $13.08.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
n/an/an/an/an/a
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.17bn0.17bn0.16bn0.16bn0.14bn

Health checks

  • Free cash flow positiveNot enough data
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • DebtUnknown
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesYes, 18% fewer since 2021

Dates

Next results (estimated)
n/a
Last annual report (10-K)
26 February 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

5 long-term investors we follow own it, unchanged from 5 last quarter. 189 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

  • FRANKLIN MARTIN E
    Insider or founder
    at least 7.7%+1.2 pts
    (filed with 2 related holders)
    Since 11 March 2026
  • Noam Gottesman
    at least 7.1%
    (filed with 1 related holder)
    Since 24 February 2026
    What they said

    On February 24, 2026, Gottesman notified the TOMS Reporting Persons that the Amended and Restated Irrevocable Proxy Agreement, dated as of January 6, 2021, by and among Gottesman, Weltsch, San Miguel, Patel, and Lavender (the "Proxy Agreement"), previously filed as Exhibit D to…

    Read the filing
  • Boston Partners
    Passive investor
    Sold down below 5%
    Since 31 March 2026
  • FMR LLC
    Passive investor
    Sold down below 5%
    Since 31 December 2025
  • BROWN INVESTMENT ADVISORY & TRUST CO
    Passive investor
    Sold down below 5%
    Since 30 June 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 4 insiders bought $10m of shares on the open market.

  • BRISBY DOMINIC
    Chief Executive Officer, Director
    Bought
    Date
    24 August 2026
    Shares
    50,000
    Price
    $12.38
    Value
    $619,000
  • BALDEW RUBEN
    Chief Financial Officer, Director
    Bought
    Date
    19 August 2026
    Shares
    28,290
    Price
    $11.85
    Value
    $335,231
  • BRISBY DOMINIC
    Chief Executive Officer, Director
    Bought
    Date
    15 May 2026
    Shares
    150,000
    Price
    $9.79
    Value
    $1m
  • BALDEW RUBEN
    Chief Financial Officer, Director
    Bought
    Date
    14 May 2026
    Shares
    14,731
    Price
    $9.71
    Value
    $143,038
  • ASHKEN IAN G H
    Director
    Bought
    Date
    13 May 2026
    Shares
    100,000
    Price
    $9.13
    Value
    $913,000
  • Gottesman Noam
    Director
    Bought
    Date
    12 May 2026
    Shares
    200,000
    Price
    $9.23
    Value
    $2m
  • Gottesman Noam
    Director
    Bought
    Date
    11 May 2026
    Shares
    500,000
    Price
    $9.57
    Value
    $5m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

Nomad Foods doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.