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The Magnum Ice Cream Co NV MICC

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Stock XAMS Rating as of
€15.27 −0.44 (2.80%)
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As of Delayed Price Closed

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The Magnum Ice Cream Company, a Global Leader, Should Benefit From Focus and Tailored Investment

Diana Radu, Svetlana Menshchikova

The Magnum Ice Cream Company is entering its next phase as an independent business, with a refreshed management team and a more targeted strategic focus. Within Unilever, ice cream often underperformed as it competed for capital and attention across a broad fast-moving consumer goods portfolio. As a stand-alone company, TMICC can now concentrate exclusively on ice cream, with a dedicated salesforce, sharper targets, and investment priorities fully aligned with the category’s needs.

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Price vs Fair Value

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MICC is trading at a LOCK|z?Nn>% premium.
Price
€15.27
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

TMICC’s brand portfolio is skewed toward premium, where indulgence and innovation are key purchase drivers and help insulate the business from private-label competition.

Bears

Ice cream is a low underlying growth category, which faces potential consumption headwinds related to GLP-1.

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Trading Information

Previous Close Price
€15.71
Day Range
€15.11–15.55
52-Week Range
€11.02–17.68
Bid/Ask
€15.15 / €15.33
Shares Outstanding
603.88M
Market Cap
€9.22B
Volume/Avg
2M / 1M

Key Statistics

Price/Earnings (Normalized)
27.99
Price/Sales
1.17
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

The Magnum Ice Cream Company is a spinoff from Unilever, a pure-play company in manufacturing and selling a broad portfolio of ice-cream brands. The company is a global category leader, operating in 80 countries with around 21% market share. TMICC owns four of the world’s five largest ice-cream brands: the Heartbrand (an “umbrella” brand with numerous well-known subbrands, which constitutes around 35% of sales), Magnum (23%), Ben & Jerry’s (14%), and Cornetto (9%). The business generates about 65% of its revenue in developed markets, with the balance coming from emerging markets.
Sector
Consumer Defensive
Industry
Packaged Foods
Stock Style Box
Mid Core
Total Number of Employees
16,571
Website
https://corporate.magnumicecream.com

Competitors

Valuation

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Metric
MICC
LISN
HSY
Price/Earnings (Normalized)
 27.9924.9421.94
Price/Book Value
 8.654.217.01
Price/Sales
 1.173.112.66
Price/Cash Flow
 15.9916.8413.22
Price/Earnings
MICC
LISN
HSY

Financial Strength

Metric
MICC
LISN
HSY
Quick Ratio
 0.780.770.51
Current Ratio
 1.011.781.18
Interest Coverage
 —17.749.33
Quick Ratio
MICC
LISN
HSY

Profitability

Metric
MICC
LISN
HSY
Return on Assets (Normalized)
 —8.48%10.73%
Return on Equity (Normalized)
 —15.54%32.08%
Return on Invested Capital (Normalized)
 —11.89%15.65%
Return on Assets
MICC
LISN
HSY

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