F

FRoSTA AG
F:NLM

Watchlist Manager
FRoSTA AG
F:NLM
Watchlist
Price: 90.2 EUR
Market Cap: 614.3m EUR
Section:
 

Relative Value

The Relative Value of one NLM stock under the Base Case scenario is 98.19 EUR. Compared to the current market price of 90.2 EUR, FRoSTA AG is Undervalued by 8%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NLM Relative Value
Base Case
98.19 EUR
Undervaluation 8%
Relative Value
Price
F
Worst Case
Base Case
Best Case

Valuation Multiples

1
P/S
P/S
Price to Sales
1
vs History
22
vs Industry
49
Median 3Y
0.7
Median 5Y
0.8
Industry
1
Forward
0.9
More Details
14.6
P/E
P/E
Price to Earnings
14.6
vs History
55
vs Industry
38
Median 3Y
13.6
Median 5Y
16
Industry
16
Forward
12.7
More Details
8.4
P/OCF
P/OCF
Price to OCF
8.4
vs History
57
vs Industry
49
Median 3Y
6.8
Median 5Y
9.3
Industry
9.9
More Details
11.3
P/FCFE
P/FCFE
Price to FCFE
11.3
vs History
66
vs Industry
45
Median 3Y
11.6
Median 5Y
35.4
Industry
17.1
More Details
2.4
P/B
P/B
Price to Book Value
2.4
vs History
41
vs Industry
27
Median 3Y
2
Median 5Y
2.2
Industry
1.5
More Details
0.8
EV/S
EV/S
Enterprise Value to Sales
0.8
vs History
41
vs Industry
58
Median 3Y
0.7
Median 5Y
0.8
Industry
1.1
Forward
0.8
More Details
1.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
1.7
vs History
58
vs Industry
78
Median 3Y
1.6
Median 5Y
1.8
Industry
4.7
More Details
6.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
6.5
vs History
58
vs Industry
50
Median 3Y
6.3
Median 5Y
7.4
Industry
10
Forward
5.9
More Details
8.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
8.8
vs History
69
vs Industry
45
Median 3Y
9
Median 5Y
11.1
Industry
13.2
Forward
7.7
More Details
7.1
EV/OCF
EV/OCF
Enterprise Value to OCF
7.1
vs History
57
vs Industry
55
Median 3Y
5.5
Median 5Y
8.6
Industry
11.4
More Details
8.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
8.7
vs History
57
vs Industry
45
Median 3Y
6.7
Median 5Y
11.9
Industry
16.1
More Details
2.1
EV/IC
EV/IC
Enterprise Value to IC
2.1
vs History
25
vs Industry
25
Median 3Y
1.5
Median 5Y
1.8
Industry
1.1
More Details

Multiples Across Competitors

NLM Competitors Multiples
FRoSTA AG Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
DE
FRoSTA AG
F:NLM
614.3m EUR 1 14.6 6.5 8.8
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
199.2B CHF 2.2 19.3 13 16.1
US
Mondelez International Inc
NASDAQ:MDLZ
69.5B USD 1.8 19.7 15.4 20.1
FR
Danone SA
PAR:BN
49.2B EUR 1.8 26.8 11.6 15.6
ZA
Tiger Brands Ltd
JSE:TBS
57.2B Zac 0 0 0 0
CN
Muyuan Foods Co Ltd
SZSE:002714
276.3B CNY 1.8 12.5 12.7 12.7
US
Hershey Co
NYSE:HSY
36.9B USD 3.2 27.1 16.4 20.5
ZA
Avi Ltd
JSE:AVI
34.8B Zac 0 0 0 0
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
26.8B CHF 4.7 41.7 24.3 33.1
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
216.6B CNY 7.7 31.6 28.8 28.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
F
FRoSTA AG
F:NLM
Average EV/EBITDA: 20 741.2
6.5
9%
0.7
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
13
1%
13
US
Mondelez International Inc
NASDAQ:MDLZ
15.4
-2%
N/A
FR
Danone SA
PAR:BN
11.6
5%
2.3
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
11%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
12.7
31%
0.4
US
Hershey Co
NYSE:HSY
16.4
-4%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
24.3
8%
3
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
28.8
16%
1.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
F
FRoSTA AG
F:NLM
Average EV/EBIT: 35 382.2
8.8
11%
0.8
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
16.1
0%
N/A
US
Mondelez International Inc
NASDAQ:MDLZ
20.1
-3%
N/A
FR
Danone SA
PAR:BN
15.6
6%
2.6
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
12%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
12.7
20%
0.6
US
Hershey Co
NYSE:HSY
20.5
-6%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
8%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
33.1
8%
4.1
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
28.8
11%
2.6

See Also

Summary
NLM intrinsic value, competitors valuation, and company profile.
DCF Valuation
NLM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NLM stock valuation using valuation multiples.
Wall Street Estimates
NLM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NLM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 306,600+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.