(MICC) The Magnum Ice Cream - Overview
Sector: Consumer Defensive | Industry: Packaged Foods | Exchange: AS (Netherlands) | Market Cap: 8.504m EUR | Total Return: -17.2% in 12m
Avg Turnover: 22.0M
Rev. Trend: 81.1%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Magnum Ice Cream Company N.V. (MICC) is a Netherlands-based manufacturer and distributor of frozen desserts. Incorporated in 2025 and headquartered in Amsterdam, the company manages a global portfolio of established brands including Magnum, Ben & Jerrys, Cornetto, and Walls.
The business operates across North and South America, Europe, Africa, Asia, and Oceania. In the packaged foods sector, profitability is often driven by economies of scale in cold-chain logistics and the ability to maintain brand loyalty in a highly competitive retail environment.
Further analysis of the companys valuation metrics is available on ValueRay for those interested in deeper due diligence. As a consumer staples entity, MICC relies on a multi-channel distribution strategy that spans traditional grocery retail, convenience stores, and specialized food service providers.
- Global dairy and sugar price volatility directly impacts manufacturing profit margins
- Premium brand pricing power sustains revenue growth amidst high inflation environments
- Expansion into emerging Asian and African markets drives long-term volume growth
- Seasonal weather patterns in Northern Hemisphere dictate quarterly earnings performance variance
- Regulatory shifts in sugar taxation and labeling pose operational margin risks
| Net Income: 872.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -3.77 > 1.0 |
| NWC/Revenue: 0.32% < 20% (prev -5.03%; Δ 5.35% < -1%) |
| CFO/TA 0.20 > 3% & CFO 1.47b > Net Income 872.0m |
| Net Debt (3.11b) to EBITDA (2.38b): 1.31 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (610.4m) vs prev -0.30% < -2% |
| Gross Margin: 67.39% > 18% (prev 0.35%; Δ 6.70k% > 0.5%) |
| Asset Turnover: 243.8% > 50% (prev 143.9%; Δ 99.84% > 0%) |
| Interest Coverage Ratio: 12.75 > 6 (EBITDA TTM 2.38b / Interest Expense TTM 146.0m) |
| A: 0.01 (Total Current Assets 3.16b - Total Current Liabilities 3.11b) / Total Assets 7.49b |
| B: -0.02 (Retained Earnings -172.0m / Total Assets 7.49b) |
| C: 0.29 (EBIT TTM 1.86b / Avg Total Assets 6.50b) |
| D: -0.03 (Book Value of Equity -172.0m / Total Liabilities 6.86b) |
| Altman-Z'' = 1.87 = BBB |
| DSRI: 2.17 (Receivables 1.79b/413.0m, Revenue 15.9b/7.95b) |
| GMI: 0.52 (GM 67.39% / 34.91%) |
| AQI: 0.97 (AQ_t 0.27 / AQ_t-1 0.28) |
| SGI: 2.00 (Revenue 15.9b / 7.95b) |
| TATA: -0.08 (NI 872.0m - CFO 1.47b) / TA 7.49b) |
| Beneish M = -1.88 (Cap -4..+1) = B |
As of May 27, 2026, the stock is trading at EUR 13.48 with a total of 1,180,035 shares traded.
Over the past week, the price has changed by -0.88%,
over one month by +21.31%,
over three months by +0.01% and
over the past year by -17.23%.
The Magnum Ice Cream has no consensus analysts rating.
P/E Trailing = 28.9375
P/E Forward = 14.8588
P/S = 1.0751
P/B = 13.6069
P/EG = 0.6846
Revenue TTM = 15.9b EUR
EBIT TTM = 1.86b EUR
EBITDA TTM = 2.38b EUR
Long Term Debt = 3.08b EUR (from longTermDebt, last quarter)
Short Term Debt = 105.0m EUR (from shortTermDebt, last quarter)
Debt = 3.56b EUR (from shortLongTermDebtTotal, last quarter) + Leases 143.0m
Net Debt = 3.11b EUR (calculated: Debt 3.56b - CCE 449.0m)
Enterprise Value = 11.6b EUR (8.50b + Debt 3.56b - CCE 449.0m)
Interest Coverage Ratio = 12.75 (Ebit TTM 1.86b / Interest Expense TTM 146.0m)
EV/FCF = 14.66x (Enterprise Value 11.6b / FCF TTM 792.0m)
FCF Yield = 6.82% (FCF TTM 792.0m / Enterprise Value 11.6b)
FCF Margin = 4.99% (FCF TTM 792.0m / Revenue TTM 15.9b)
Net Margin = 5.50% (Net Income TTM 872.0m / Revenue TTM 15.9b)
Gross Margin = 67.39% ((Revenue TTM 15.9b - Cost of Revenue TTM 5.17b) / Revenue TTM)
Gross Margin QoQ = -51.78% (prev none%)
Tobins Q-Ratio = 1.55 (Enterprise Value 11.6b / Total Assets 7.49b)
Interest Expense / Debt = 4.10% (Interest Expense 146.0m / Debt 3.56b)
Taxrate = 31.32% (140.0m / 447.0m)
NOPAT = 1.28b (EBIT 1.86b * (1 - 31.32%))
Current Ratio = 1.02 (Total Current Assets 3.16b / Total Current Liabilities 3.11b)
Debt / Equity = 5.69 (Debt 3.56b / totalStockholderEquity, last quarter 625.0m)
Debt / EBITDA = 1.31 (Net Debt 3.11b / EBITDA 2.38b)
Debt / FCF = 3.93 (Net Debt 3.11b / FCF TTM 792.0m)
Total Stockholder Equity = 1.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.41% (Net Income 872.0m / Total Assets 7.49b)
RoE = 49.03% (Net Income TTM 872.0m / Total Stockholder Equity 1.78b)
RoCE = 38.32% (EBIT 1.86b / Capital Employed (Equity 1.78b + L.T.Debt 3.08b))
RoIC = 28.95% (NOPAT 1.28b / Invested Capital 4.42b)
WACC = 5.69% (E(8.50b)/V(12.1b) * Re(6.89%) + D(3.56b)/V(12.1b) * Rd(4.10%) * (1-Tc(0.31)))
Discount Rate = 6.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 75.44% ; FCFF base≈792.0m ; Y1≈795.3m ; Y5≈842.4m
[DCF] Fair Price = 16.32 (EV 13.1b - Net Debt 3.11b = Equity 9.99b / Shares 612.3m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
Revenue Correlation: 81.13 | Revenue CAGR: 1.90% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.92 | Chg30d=-0.17% | Revisions=+33% | GrowthEPS=-1.0% | GrowthRev=+4.0%
EPS next Year (2027-12-31): EPS=0.80 | Chg30d=-4.19% | Revisions=-20% | GrowthEPS=+83.9% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: +33%