MICC Stock Analysis: The Magnum Ice Cream | AS
Packaged Foods | AS, Netherlands | Market Cap: 10.028m EUR | 12M Return: 0.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 21.5M
Rev. Trend: 81.1%
Warnings
Tailwinds
No distinct edge detected
Seasonality 0.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Magnum Ice Cream Company N.V. (MICC) is a Netherlands-based, Amsterdam-headquartered ice cream producer operating across most major global regions, including Europe, the Americas, Africa, Asia, the Middle East, and Oceania. Its portfolio centers on four major branded lines: Magnum, Ben & Jerrys, Cornetto, and Walls. The company was incorporated in 2025, indicating it is a recently formed public entity, likely established as a carve-out of an existing consumer goods groups ice cream operations.
Within the consumer defensive sector and packaged foods industry, MICCs business model is anchored by globally recognized ice cream brands, a category typically characterized by stable, repeat-purchase demand and brand-driven pricing power. The company is classified as a mid-cap stock, reflecting its sizable but not mega-cap scale relative to other listed packaged food issuers.
- Premium Magnum and Ben & Jerrys pricing power drives revenue growth
- Dairy and cocoa commodity costs pressure gross margins
- Summer seasonality and weather variability drive quarterly sales volatility
| Net Income: 293.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -14.00 > 1.0 |
| NWC/Revenue: 0.63% < 20% (prev -5.03%; Δ 5.67% < -1%) |
| CFO/TA 0.05 > 3% & CFO 368.0m > Net Income 293.0m |
| Net Debt (2.98b) to EBITDA (924.0m): 3.22 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (615.6m) vs prev 0.55% < -2% |
| Gross Margin: 34.63% > 18% (prev 34.91%; Δ -0.28% > 0.5%) |
| Asset Turnover: 121.6% > 50% (prev 143.9%; Δ -22.33% > 0%) |
| Interest Coverage Ratio: 4.22 > 6 (EBIT TTM 586.0m / Interest Expense TTM 139.0m) |
| 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: 0.09 (EBIT TTM 586.0m / Avg Total Assets 6.50b) |
| D: 0.09 (Book Value of Equity 625.0m / Total Liabilities 6.86b) |
| Altman-Z'' = 0.67 = B |
| DSRI: 3.0 (Receivables 1.79b/413.0m, Revenue 7.91b/7.95b) |
| GMI: 1.01 (GM 34.91% / 34.63%) |
| AQI: 0.97 (AQ_t 0.27 / AQ_t-1 0.28) |
| SGI: 1.00 (Revenue 7.91b / 7.95b) |
| TATA: -0.01 (NI 293.0m - CFO 368.0m) / TA 7.49b) |
| Beneish M = -1.39 (Cap -4..+1) = D |
As of July 13, 2026, the stock is trading at EUR 16.31 with a total of 1,129,809 shares traded. Over the past week, the price has changed by +0.49%, over one month by +5.46%, over three months by +35.88% and over the past year by +0.12%.
Current recommended Stop Loss: 15.30 (which is 6.2% or 2.1 ATR below the current price).
The Magnum Ice Cream has no consensus analysts rating.
P/E Trailing = 34.1208
P/E Forward = 17.3611
P/S = 1.2677
P/B = 15.8972
P/EG = 0.7998
Revenue TTM = 7.91b EUR
EBIT TTM = 586.0m EUR
EBITDA TTM = 924.0m EUR
Long Term Debt = 3.08b EUR (from longTermDebt, last quarter)
Short Term Debt = 105.0m EUR (from shortTermDebt, last quarter)
Debt = 3.43b EUR (from shortLongTermDebtTotal, last quarter) + Leases 143.0m
Net Debt = 2.98b EUR (calculated: Debt 3.43b - CCE 449.0m)
Enterprise Value = 13.0b EUR (10.0b + Debt 3.43b - CCE 449.0m)
Interest Coverage Ratio = 4.22 (Ebit TTM 586.0m / Interest Expense TTM 139.0m)
EV/FCF = 1000.0x (Enterprise Value 13.0b / FCF TTM 11.0m)
FCF Yield = 0.08% (FCF TTM 11.0m / Enterprise Value 13.0b)
FCF Margin = 0.14% (FCF TTM 11.0m / Revenue TTM 7.91b)
Net Margin = 3.70% (Net Income TTM 293.0m / Revenue TTM 7.91b)
Gross Margin = 34.63% ((Revenue TTM 7.91b - Cost of Revenue TTM 5.17b) / Revenue TTM)
Gross Margin QoQ = -51.78% (prev none%)
Tobins Q-Ratio = 1.74 (Enterprise Value 13.0b / Total Assets 7.49b)
Interest Expense / Debt = 4.06% (Interest Expense 139.0m / Debt 3.43b)
Taxrate = 31.32% (140.0m / 447.0m)
NOPAT = 402.5m (EBIT 586.0m * (1 - 31.32%))
Current Ratio = 1.02 (Total Current Assets 3.16b / Total Current Liabilities 3.11b)
Debt / Equity = 5.48 (Debt 3.43b / totalStockholderEquity, last quarter 625.0m)
Debt / EBITDA = 3.22 (Net Debt 2.98b / EBITDA 924.0m)
Debt / FCF = 270.6 (Net Debt 2.98b / FCF TTM 11.0m)
Total Stockholder Equity = 1.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.50% (Net Income 293.0m / Total Assets 7.49b)
RoE = 18.24% (Net Income TTM 293.0m / Total Stockholder Equity 1.61b)
RoCE = 12.51% (EBIT 586.0m / Capital Employed (Equity 1.61b + L.T.Debt 3.08b))
RoIC = 9.84% (NOPAT 402.5m / Invested Capital 4.09b)
WACC = 5.04% (E(10.0b)/V(13.5b) * Re(5.81%) + D(3.43b)/V(13.5b) * Rd(4.06%) * (1-Tc(0.31)))
Discount Rate = 5.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 73.10% ; FCFF base≈319.0m ; Y1≈279.7m ; Y5≈226.0m
[DCF] Fair Price = 1.06 (EV 3.63b - Net Debt 2.98b = Equity 650.9m / Shares 612.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
Revenue Correlation: 81.13 | Revenue CAGR: 1.90% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.93 | Chg30d=+1.36% | Revisions=-25% | GrowthEPS=+0.3% | GrowthRev=+4.3%
EPS next Year (2027-12-31): EPS=0.83 | Chg30d=+3.60% | Revisions=+25% | GrowthEPS=+83.5% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: +0% (up=1, down=1)