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Magnum Ice Cream Company NV
AEX:MICC

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Magnum Ice Cream Company NV
AEX:MICC
Watchlist
Price: 12.44 EUR 11.45% Market Closed
Market Cap: €7.6B

EV/IC

2.5
Current
6%
Cheaper
vs 3-y average of 2.7

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.5
=
Enterprise Value
€9.7B
/
Invested Capital
€4.1B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.5
=
Enterprise Value
€9.7B
/
Invested Capital
€4.1B

Valuation Scenarios

Magnum Ice Cream Company NV is trading below its 3-year average

If EV/IC returns to its 3-Year Average (2.7), the stock would be worth €13.17 (6% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-56%
Maximum Upside
+6%
Average Downside
25%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2.5 €12.44
0%
3-Year Average 2.7 €13.17
+6%
5-Year Average 2.7 €13.17
+6%
Industry Average 1.1 €5.44
-56%
Country Average 1.2 €5.69
-54%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
NL
Magnum Ice Cream Company NV
AEX:MICC
7.6B EUR 2.5 26
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 27 042.7 540 752.8
CH
Nestle SA
SIX:NESN
204B CHF 2.4 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.2B USD 1.6 32.1
FR
Danone SA
PAR:BN
42.7B EUR 1.5 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.9B ZAR 2.7 12.6
US
Hershey Co
NYSE:HSY
38.4B USD 3.6 42.6
CN
Muyuan Foods Co Ltd
SZSE:002714
243.7B CNY 2 25
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
229.4B CNY 13.2 32.6
ZA
Avi Ltd
JSE:AVI
32.7B ZAR 3.8 12.7
JP
Ajinomoto Co Inc
TSE:2802
4.9T JPY 3.8 63.2

Market Distribution

Higher than 80% of companies in Netherlands
Percentile
80th
Based on 560 companies
80th percentile
2.5
Low
0 — 0.8
Typical Range
0.8 — 1.9
High
1.9 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 0.8
Median 1.2
70th Percentile 1.9
Max 36 345.7

Magnum Ice Cream Company NV
Glance View

Magnum Ice Cream Company NV is a NL-based company operating in Food Products industry. The company is headquartered in Amsterdam, Noord-Holland and currently employs 13,882 full-time employees. The company went IPO on 2025-12-08. Magnum Ice Cream Company NV is a Netherlands-based company primarily engaged in the food manufacturing industry, specifically in the ice cream and frozen dessert. The firm focuses on producing and marketing ice cream products under globally recognized brands such as Magnum, Ben & Jerry’s, Cornetto, and Wall’s. Their key product is Magnum ice cream, which is a packaged frozen dessert. The Group has organized its business into three segments: Europe and ANZ, representing Europe (which includes the United Kingdom and Ireland), Australia and New Zealand; Americas, representing North America and South America; and Rest of the World (RoW), representing Africa, Asia and the Middle East (which includes Turkey).

MICC Intrinsic Value
18.19 EUR
Undervaluation 32%
Intrinsic Value
Price €12.44
M
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