Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Nomad Foods Ltd
Physical assets are 16.4% of total assets, a light footprint. Capex is 0.72x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 6.9%, below an 8% cost-of-capital hurdle.
Fixed-asset turnover is 5.09x. Compare it with other names in the same basket.
Physical asset ratio
16.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
5.09x
Revenue per dollar of the physical asset base.
Capex / D&A
0.72x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$13.79
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $11.48.
Fixed-charge coverage
1.86x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
15.9%
Latest free cash flow divided by current market cap ($1.58B).
ROIC
6.9%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.55x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 12.9% | 6.23x | 0.90x | -$10.75 | 3.32x | $279.70M | 6.1% | 0.81x |
| 2019 | 12.6% | 5.50x | 0.69x | -$7.00 | 3.38x | $268.10M | 5.8% | 0.67x |
| 2020 | 13.7% | 5.96x | 0.87x | -$9.76 | 4.76x | $398.30M | 7.9% | 0.85x |
| 2021 | 15.6% | 4.74x | 1.11x | -$12.67 | 2.59x | $227.10M | 6.1% | 0.62x |
| 2022 | 15.8% | 5.41x | 0.89x | -$11.21 | 5.70x | $224.70M | 6.6% | 0.69x |
| 2023 | 15.7% | 5.40x | 0.87x | -$11.57 | 3.06x | $348.40M | 6.0% | 0.60x |
| 2024 | 16.1% | 5.24x | 0.83x | -$11.81 | 2.63x | $355.10M | 7.1% | 0.65x |
| 2025 | 16.4% | 5.09x | 0.72x | -$13.79 | 1.86x | $252.20M | 6.9% | 0.55x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $595.20M
Inventory: $440.60M
Total assets: $6.34B
Goodwill: $2.10B
Intangibles: $2.46B
Liabilities: $3.84B
Tangible book: -$2.07B
Shares: 150,197,828
Revenue: $3.03B
Capex: $78.50M
D&A: $109.40M
EBITDA: $451.00M
Interest: $196.30M
Short-term debt: $4.00M
Free cash flow: $252.20M
Operating income: $325.40M
Invested capital: $4.46B
Tax rate: 5.9%