Magnum Ice Cream Co N.V.
MICC · Ice Cream & Frozen Desserts · EDGAR filings ↗
Grade
B73Recently demerged #1 global ice cream franchise with top-decile ROE but thin margins, weak liquidity and a transitional earnings decline.
Strengths
- Top-decile ROE (~48%, 89.7th pct) and solid ROA (73.4th pct) on strong, well-known brands (Magnum, Wall's)
- Healthy revenue growth (12.4%, 63rd pct), positive FCF (~$148M) and decent operating margin (64th pct)
Risks
- Net income fell ~42% (28.5th pct) and liquidity is tight (current 1.02 / quick 0.74, ~25th pct)
- Standalone-separation execution risk under Unilever TSAs plus a recently remediated carve-out material weakness
Notable findings
- Strong balance sheetStrong balance sheet — $518M cash & investments
Key metrics
Gross margin
34.6%
Operating margin
7.6%
Net margin
3.9%
Return on equity
48.5%
Return on assets
4.1%
Revenue growth (QoQ)
12.4%
Net-income growth
-41.7%
Interest coverage
5.1×
Current ratio
1.0×
Free cash flow
$148M
Tangible book value
$145M
Cash & investments
$518M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-18 | 2025-12-31 | 0001104659-26-029805 ↗ |