Added to YB: 2026-10-16
Pitch date: 2026-10-14
MICC [bullish]
The Magnum Ice Cream Company N.V.
+0.02%
current return
Author Info
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Company Info
The Magnum Ice Cream Company N.V. engages in the ice cream business in the Netherlands. The company offers its products under the Magnum, Ben & Jerry's, Cornetto, and Wall's brands.
Market Cap
EUR 9.7B
Pitch Price
EUR 16.46
Price Target
21.00 (+28%)
Dividend
N/A
EV/EBITDA
10.75
P/E
53.88
EV/Sales
1.61
Sector
Food Products
Category
special_situation
Every Spin-Off #5: Magnum. The Bigger Ice Cream Company at 9.4x EBITDA. The Smaller One Just Sold at 12.5x
MICC (monitor): The world’s largest ice-cream company trades at 9.4x next year’s EBITDA versus Froneri at ~12.5x, while its orphan discount could unwind as transition services, separation costs and takeover restrictions expire around late 2027. The €19 October 2027 target, within €16-21 plus ~€0.45 of dividends, supports waiting at €15.91 for Q3 given weather dependence, Turkish freezer regulation, TSA/ERP execution and an ambitious €0.8-1.0B FCF target.
Read full article (27 min)