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Are Investors Undervaluing Nomad Foods Limited (NOMD) Right Now?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Nomad Foods Limited (NOMD - Free Report) . NOMD is currently holding a Zacks Rank #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 8.19. This compares to its industry's average Forward P/E of 15.78. Over the last 12 months, NOMD's Forward P/E has been as high as 10.54 and as low as 7.79, with a median of 8.91.
Investors should also recognize that NOMD has a P/B ratio of 0.98. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.99. Over the past year, NOMD's P/B has been as high as 1.16 and as low as 0.88, with a median of 1.00.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. NOMD has a P/S ratio of 0.79. This compares to its industry's average P/S of 0.98.
Finally, we should also recognize that NOMD has a P/CF ratio of 7.82. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.63. Over the past 52 weeks, NOMD's P/CF has been as high as 9.96 and as low as 7.09, with a median of 8.76.
These are only a few of the key metrics included in Nomad Foods Limited's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, NOMD looks like an impressive value stock at the moment.
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Are Investors Undervaluing Nomad Foods Limited (NOMD) Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Nomad Foods Limited (NOMD - Free Report) . NOMD is currently holding a Zacks Rank #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 8.19. This compares to its industry's average Forward P/E of 15.78. Over the last 12 months, NOMD's Forward P/E has been as high as 10.54 and as low as 7.79, with a median of 8.91.
Investors should also recognize that NOMD has a P/B ratio of 0.98. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.99. Over the past year, NOMD's P/B has been as high as 1.16 and as low as 0.88, with a median of 1.00.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. NOMD has a P/S ratio of 0.79. This compares to its industry's average P/S of 0.98.
Finally, we should also recognize that NOMD has a P/CF ratio of 7.82. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.63. Over the past 52 weeks, NOMD's P/CF has been as high as 9.96 and as low as 7.09, with a median of 8.76.
These are only a few of the key metrics included in Nomad Foods Limited's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, NOMD looks like an impressive value stock at the moment.