The Magnum Ice Cream Company N.V. (MICC.AS) stock analysis

In our weekly check, The Magnum Ice Cream Company N.V. is graded B (A to F). Of 21 checks on debt, profit, cash flow and trend: 13 pass, warnings: 6, red flags: 2.

About The Magnum Ice Cream Company N.V.

The Magnum Ice Cream Company N.V. is a Consumer Defensive company (Packaged Foods) based in the Netherlands, listed on AMS as MICC.AS.

What our checks show for MICC.AS

Red flags

• Net debt is 3.1x a year of EBITDA (debt/equity 3.56). That limits room in a downturn and raises refinancing risk.
• The net margin is only 3.7%: little room if costs rise.

Warning signs

• Analysts expect only about 4.3% a year of growth in revenue.
• Revenue grew only 1.8% a year over the last 3 years.
• Earnings per share fell 16.7% a year over the last 3 years.
• Net profit fell 16.8% a year over the last 3 years.
• Free cash flow is only 1.6% of revenue.
• The price swings a lot: 39.7% annual volatility. Expect large ups and downs.

Strengths

• Operating profit covers interest 8.1 times over.
• Operating cash flow is 1.65x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 35.1% a year over the next years.
• Analysts expect the net margin to improve by 4.4 points from today's 3.7%.
• The dividend takes 25% of profit: there is a cushion.
• A large company: market value $11.67 billion.

Similar companies

LOTB.BR · HRL · DAR · MKC · ABF.L · SJM

Questions

What grade does The Magnum Ice Cream Company N.V. (MICC.AS) have?

In our weekly check, The Magnum Ice Cream Company N.V. is graded B (A to F). Of 21 checks on debt, profit, cash flow and trend: 13 pass, warnings: 6, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of MICC.AS stock?

This week's biggest flags for The Magnum Ice Cream Company N.V.: High debt, Thin margins, Weak revenue forecast. In total 8 of 21 checks show a warning or a red flag.

What does The Magnum Ice Cream Company N.V. do?

The Magnum Ice Cream Company N.V. is a Consumer Defensive company (Packaged Foods) based in the Netherlands, listed on AMS as MICC.AS.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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