NOMD Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	1.55B EUR	1.53B EUR	1.34B EUR	1.78B EUR
Enterprise Value	3.58B EUR	3.57B EUR	3.36B EUR	3.75B EUR
Valuation Multiples
Trailing P/E	10.76x	12.31x	10.11x	17.13x
Forward P/E	6.8x	--	--	--
Price to Sales	0.52x	0.52x	0.45x	0.78x
Price to Book	0.55x	0.61x	0.54x	0.71x
EV/Revenue	1.21x	1.2x	1.13x	1.65x
EV/EBITDA	7.84x	7.76x	7.31x	10.36x
Price to FCF (P/FCF)	12.08x	6.09x	5.65x	8.09x
EV/FCF	27.94x	14.2x	14.15x	17.02x
FCF Yield	8.28%	16.42%	17.69%	12.36%