The Magnum Ice Cream Company N.V. (MICC) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of The Magnum Ice Cream Company N.V. stock $7.41, price $20.14, that is 63.2% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
11‑month range $13.06 – $20.42 · fair‑value band $3.99 – $14.44 · the $20.14 price screens above the $7.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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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.
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It also operates in rest of Europe, North America, South America, Africa, Asia, the Middle East, Australia, and New Zealand. The company was incorporated in 2025 and is headquartered in Amsterdam, the Netherlands.
Stock analysis
The Magnum Ice Cream Company N.V. (MICC) currently trades at $20.14, while our model-based Fair Value estimate is $7.41, 63% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $15.13 per share, and 1 of the 16 models we run sit above the $20.14 price.
Bear case: the Economic Profit group reads lowest at $3.11, and 15 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.99 (bear) to $14.44 (bull), the price of $20.14 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
The Magnum Ice Cream Company N.V. reported revenue of €7.9B in FY2025 versus €7.5B in FY2022, a compound +1.8%/yr. Reported net income was €293M in FY2025, compounding −16.8%/yr from FY2022.
Key figures
Market cap $12.4B Large · P/E ratio 41.1 · P/S ratio 1.37 · EPS (TTM) $0.4900 · Net margin 2.2% · Return on equity 9.6% · Return on assets (EBIT) 12.7% · Operating margin 12.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 54% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −2% fair-value upside, at −63%, MICC screens richer than that median.
Fair Value models
Bear$3.99Fair Value $7.41Bull$14.44
Price $20.14 · Downside -63.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4148 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV$3.05$4.35$5.4773
5Y EBITDA Exit$4.87$11.29$19.9468
ROIC Compounder$3.10$4.66$6.3568
All 16 models by family
DCF Models
5Y Revenue Exit$1.64$5.76$11.8863
5Y EBITDA Exit$4.87$11.29$19.9468
5Y P/E Exit$0.4300$3.70$7.6661
10Y Revenue Exitn/a$2.72$6.3061
10Y EBITDA Exit$1.82$6.23$11.2361
10Y P/E Exitn/a$1.42$3.7158
Earnings-Based
Graham-Dodd$3.71$5.38$6.3465
EPV$3.05$4.35$5.4773
Multiples
P/E Multiple$8.60$11.46$14.3363
P/S Multiple$6.96$9.28$11.6058
EV/EBIT$14.85$19.59$24.3366
EV/EBITDA$17.64$23.31$28.9967
EV/Revenue$10.78$15.13$19.4854
Economic Profit
Residual Income$2.75$3.11$4.7567
ROIC Compounder$3.10$4.66$6.3568
Growth Earnings
Growth-Adj P/E$6.07$8.67$11.2765
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.35/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−0.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.8%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
−7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.0%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 8%
News mood ⓘNews mood, the average tone of recent news (77 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Pure-play focus after the spin-off supports expansion of iconic brands into everyday snacking formats, yet thin moat evidence, high leverage and weak cash conversion limit durability.
Main risk: Weight-loss drugs such as GLP-1 agonists could reduce consumer appetite for high-calorie indulgent ice cream and thereby lower volumes and margins for the company's core brands.
Bull case: By accelerating snacking formats and using AI for faster innovation the company could expand occasions and defend volumes against health-driven shifts.
Bear case: If GLP-1 adoption accelerates and private labels gain further share the company could face sustained volume declines and margin compression across its portfolio.
After the Unilever spin-off, the company is using its pure-play focus to expand iconic brands like Magnum and Ben & Jerry’s into everyday snacking formats that compete with candy and chips. Streamlined decisions now target more consumption occasions across its global portfolio. Can this innovation drive meaningful volume growth, or will competitive and category pressures cap the results?
Compare The Magnum Ice Cream Company N.V. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaged Foods · 629 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−63.2% · Bottom 25%
Profitability
Return on equity (12 months)9.6% · Above median
Return on assets3.9% · Below median
Net margin (12 months)2.2% · Below median
Operating margin (12 months)12.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.2% · Below median
Balance sheet
Debt / equity4.93× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)41.1× · Priciest 25%
P/B17.72× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)1.37× · Pricier than median
EV/EBITDA11.8× · Pricier than median
PEG0.66× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)21· sector 25
PAST (return on equity)39· sector 31
HEALTH (low debt)0· sector 96
DIVIDEND (yield)0· sector 55
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "The Magnum Ice Cream Company N.V. Fair Value". https://www.fairvalue-calculator.com/stock/MICC
Frequently asked questions
Is The Magnum Ice Cream Company N.V. (MICC) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $7.41 versus a price of $20.14, about 63% lower (overvalued).
What is the fair value of MICC?
Our model-based fair value for The Magnum Ice Cream Company N.V. is $7.41 (as of Nov 5, 2026), built from audited fundamentals. The current price: $20.14.
What is the quality score of MICC?
The Magnum Ice Cream Company N.V. has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for The Magnum Ice Cream Company N.V. (MICC)?
Our model-based price target is the fair value of $7.41 (as of Nov 5, 2026) from 16 valuation models. Cautious scenario $3.99, optimistic scenario $14.44. It is a calculation from audited fundamentals, not an analyst target.
What is the The Magnum Ice Cream Company N.V. stock forecast for 2026?
Our models put fair value at $7.41, about 63% lower versus a price of $20.14 (overvalued). Cautious scenario $3.99, optimistic scenario $14.44. The calculation is refreshed regularly with new filings.
What is the revenue of The Magnum Ice Cream Company N.V. (MICC)?
The Magnum Ice Cream Company N.V. reported trailing-twelve-month revenue of about €8.1B (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of The Magnum Ice Cream Company N.V. (MICC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For The Magnum Ice Cream Company N.V. it is $7.41 per share (as of Nov 5, 2026), against a price of $20.14. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is The Magnum Ice Cream Company N.V. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, MICC trades above its calculated fair value: price $20.14, fair value $7.41, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MICC?
No. The price is what the market pays today ($20.14); the fair value is what the company's own numbers justify ($7.41). For The Magnum Ice Cream Company N.V. the two are $12.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is The Magnum Ice Cream Company N.V. worth?
The market values The Magnum Ice Cream Company N.V. at about $12.4B (market capitalisation, as of Nov 5, 2026). Per share that is $20.14; our models calculate a fair value of $7.41 per share.
What do the bullish and bearish scenarios say about MICC?
Our models span a range for The Magnum Ice Cream Company N.V.: cautious scenario $3.99, base $7.41, optimistic $14.44 per share (as of Nov 5, 2026, price $20.14). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MICC?
The Magnum Ice Cream Company N.V. trades at a price-to-earnings ratio of 41.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $7.41 is built from several models across several years. Other multiples: PEG 0.7, P/B 17.7, P/S 1.4, EV/EBITDA 11.8.
What is the PEG ratio of MICC?
The PEG ratio of The Magnum Ice Cream Company N.V. is 0.66 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of The Magnum Ice Cream Company N.V. (MICC)?
Balance-sheet figures for The Magnum Ice Cream Company N.V. (as of Nov 5, 2026): return on equity 9.6%, debt of 4.93 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is MICC from its 52-week high?
The Magnum Ice Cream Company N.V. trades at $20.14, about 1% below its 52-week high of $20.42 and 54% above the low of $13.06 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $7.41 is for.
Which stocks are comparable to The Magnum Ice Cream Company N.V.?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is The Magnum Ice Cream Company N.V. stock attractive at the current price?
The data as of Nov 5, 2026: price $20.14, calculated fair value $7.41 (−63%), Quality Score 48/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MICC calculated?
We run The Magnum Ice Cream Company N.V. through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $7.41, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. The Magnum Ice Cream Company N.V. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of The Magnum Ice Cream Company N.V. (MICC)?
The closing price on Nov 4, 2026 was $20.14. Our model-based fair value is $7.41, about 63% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with The Magnum Ice Cream Company N.V. right now?
The price sits above even our optimistic bull case ($14.44). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($3.99 to $14.44). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of The Magnum Ice Cream Company N.V.
How large is the market capitalisation of The Magnum Ice Cream Company N.V. (MICC)?
The market capitalisation of The Magnum Ice Cream Company N.V. is $12.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of The Magnum Ice Cream Company N.V. (MICC)?
The price-to-sales ratio of The Magnum Ice Cream Company N.V. is 1.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of The Magnum Ice Cream Company N.V. (MICC)?
Earnings per share at The Magnum Ice Cream Company N.V. are $0.4900 (price ÷ EPS = P/E 41.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of The Magnum Ice Cream Company N.V. (MICC)?
The net margin of The Magnum Ice Cream Company N.V. is 2.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of The Magnum Ice Cream Company N.V. (MICC)?
The return on equity (ROE) of The Magnum Ice Cream Company N.V. is 9.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of The Magnum Ice Cream Company N.V. (MICC)?
On an EBIT basis the return on assets of The Magnum Ice Cream Company N.V. is 12.7% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of The Magnum Ice Cream Company N.V. (MICC)?
The operating margin of The Magnum Ice Cream Company N.V. is 12.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at The Magnum Ice Cream Company N.V. (MICC)?
Revenue at The Magnum Ice Cream Company N.V. is growing +4.2% versus a year earlier (3y avg +1.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does The Magnum Ice Cream Company N.V. (MICC) generate?
The free cash flow of The Magnum Ice Cream Company N.V. is €11.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does The Magnum Ice Cream Company N.V. (MICC) hold?
The Magnum Ice Cream Company N.V. holds more cash than debt, €336M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 5, 2026