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NOMD – Nomad Foods Ltd

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Not Compliant

—X—

Industry: Food Processing | NYSE

Nomad Foods Ltd is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 3,638 MRev. Growth: 103.69%

AAOIFI ✗

Debt/MC69.61%
Non-Compliant Assets/MC0.28%
Impure Income (incl. Interest)0%
Impure Income%
Interest Income0%
Total0%

S&P ✗

Debt/36 mo MC57.93%
Cash/36 mo MC6.61%
AR/36 mo MC%

DJIM ✗

Debt/24 mo MC55.37%
Cash/24 mo MC6.31%
AR/24 mo MC%

FTSE ✗

Debt/Assets36.1%
Cash/Assets4.12%
Cash&AR/Assets4.12%
Impure Income (incl. Interest)0%
Impure Income%
Interest Income0%
Total0%

MSCI ✗

Debt/Assets36.1%
Cash/Assets4.12%
Cash&AR/Assets4.12%

Recommendation Rating

1.82

1

2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 27

Low: 24

High: 31

Total Analysts: 11


Nomad Foods Limited is a frozen foods company. The Company is engaged in building a global portfolio of food companies and brands within the frozen category and across the food sector. The Company is a branded frozen food player in Western Europe with a portfolio of food brands within the frozen category, including fish, vegetables, poultry, meals and pizza. Its products are sold primarily through grocery retailers under the brands Birds Eye, Aunt Bessie’s and Goodfella’s in the United Kingdom and Ireland, Findus in Italy, France, Spain, Sweden, Switzerland and Norway, Igno in Germany and other continental markets and La Cocinera in Spain. The Company produces, markets, and distributes brands through offices in over 14 countries and exports to many others. Its product offerings include frozen fish products such as fish fingers, coated fish, natural fish; ready to cook vegetable products such as peas and spinach; and frozen poultry and meat products such as nuggets, grills, and burgers.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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