Nomad Foods: A Packaged Foods Value Option

Mar. 05, 2023 11:46 AM ETNomad Foods Limited (NOMD) StockNOMD
Alex Galanis
710 Followers

Summary

  • Nomad Foods is a multinational packaged foods company that produces and distributes a range of frozen food products.
  • The company has recorded mid-single digit revenue growth since 2016 while recently released Q4 2022 results inspire confidence.
  • NOMD stock trades at a relatively inexpensive valuation.

Busy female worker in sterile clothes choosing program on touch screen while operating manufacturing machine producing packaged food, blurred motion of technologists

mediaphotos/iStock via Getty Images

Thesis

In the current, unstable market environment, where previously beloved technology, growth stocks are recording tremendous losses, many investors have returned to the search of value opportunities in more traditional sectors. The Consumer Staples sector is known for its defensive attributes

This article was written by

710 Followers
Financial Analyst, interested in U.S equities, examining Growth, Dividend Growth and Value Investment opportunities, as well as ETFs.  Accounting and Finance Graduate. CFA level ΙI candidate.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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