FRoSTA Aktiengesellschaft (NLM) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of FRoSTA Aktiengesellschaft €96.36, price €103, upside -6.0%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range €42.27 – €106.00 · fair‑value band €67.45 – €125.26 · the €102.50 price screens above the €96.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
Follow FRoSTA Aktiengesellschaft, in your weekly email
Every Wednesday you see whether FRoSTA Aktiengesellschaft, is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
FRoSTA, together with its subsidiaries, develops, produces, and markets frozen food products in Germany, the rest of Europe, and internationally. It operates through FRoSTA and COPACK divisions.
Show more
FRoSTA, together with its subsidiaries, develops, produces, and markets frozen food products in Germany, the rest of Europe, and internationally. It operates through FRoSTA and COPACK divisions. The company offers ready meals, including paella, bami goreng, chicken fricassee, and potato chicken pan; vegetable mixes; fish specialties; herbs; fruit mixes; and soups. It sells its products under the FRoSTA, Copack, FRoSTA Foodservice, Elbtal, and TIKO brands, as well as under private labels. The company serves catering chains, wholesalers, canteens, hospitals, and other organizations. FRoSTA was founded in 1905 and is headquartered in Bremerhaven, Germany.
Stock analysis
FRoSTA Aktiengesellschaft, (NLM) currently trades at €102.50, while our model-based Fair Value estimate is €96.36, so the stock looks roughly fairly valued today (gap 6.4%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of €114.21 per share, and 9 of the 26 models we run sit above the €102.50 price.
Bear case: the Dividend Discount group reads lowest at €27.30, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: €67.45 (bear) to €125.26 (bull), the price of €102.50 sits inside 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 63/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
FRoSTA Aktiengesellschaft, reported revenue of €682M in FY2025 versus €527M in FY2021, a compound +6.6%/yr. Reported net income was €37.0M in FY2025, compounding +6.6%/yr from FY2021.
Key figures
Market cap €698M · P/E ratio 18.6 · P/S ratio 1.01 · EPS (TTM) €5.50 · Dividend yield 2.3% · Net margin 5.4% · Return on equity 13.8% · Return on assets (EBIT) 10.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 9% fair-value upside, at −6%, NLM screens richer than that median.
Fair Value models
Bear €67.45Fair Value €96.36Bull €125.26
Price €102.50 · Upside -6.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€2.36 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.Evidence ⓘEvidence = 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.
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.67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.8%
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.
+5.6%
Revenue growth 5 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.
+4.3%
Start year 2020 (pandemic). Over 10 years: +4.5% a year
Revenue growth 12 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.
+4.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 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 5 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.
+10.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.1%
Dividend (yield on the price)2.3%
Profit margin 2020 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.7% → 8%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +11.2% a year for the price.
Compare FRoSTA Aktiengesellschaft, with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 636 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−6.0% · Below median
Profitability
Return on equity (TTM)13.8% · Above median
Return on assets7.4% · Top 25%
Net margin (TTM)5.2% · Above median
Operating margin (TTM)6.3% · Above median
Growth and dividend
Revenue growth11.7% · Above median
Dividend yield (TTM)2.3% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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). "FRoSTA Aktiengesellschaft, Fair Value". https://www.fairvalue-calculator.com/stock/NLM
Frequently asked questions
Is FRoSTA Aktiengesellschaft (NLM) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of €96.36 versus a price of €102.50, about −6% upside (fairly valued).
What is the fair value of NLM?
Our model-based fair value for FRoSTA Aktiengesellschaft, is €96.36 (as of Oct 1, 2026), built from audited fundamentals. The current price: €102.50.
What is the quality score of NLM?
FRoSTA Aktiengesellschaft, has a Quality Score of 63/100. 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 FRoSTA Aktiengesellschaft (NLM)?
Our model-based price target is the fair value of €96.36 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario €67.45, optimistic scenario €125.26. It is a calculation from audited fundamentals, not an analyst target.
What is the FRoSTA Aktiengesellschaft, stock forecast for 2026?
Our models put fair value at €96.36, about −6% upside versus a price of €102.50 (fairly valued). Cautious scenario €67.45, optimistic scenario €125.26. The calculation is refreshed regularly with new filings.
What is the revenue of FRoSTA Aktiengesellschaft (NLM)?
FRoSTA Aktiengesellschaft, reported trailing-twelve-month revenue of about €720M (latest available figure, as of Oct 1, 2026).
Does FRoSTA Aktiengesellschaft, pay a dividend?
FRoSTA Aktiengesellschaft, currently shows a dividend yield of about 2.34% relative to its recent price (as of Oct 1, 2026).
What growth is priced into FRoSTA Aktiengesellschaft (NLM)?
For today's price to be fair in a discounted-cash-flow model, FRoSTA Aktiengesellschaft, would have to grow free cash flow by +13.6 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.3 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of NLM use?
Our models discount FRoSTA Aktiengesellschaft, at 10.0 %: a base by market capitalisation (small), damped by beta 0.63, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For FRoSTA Aktiengesellschaft, that is +13.6 % per year a year over ten years, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has FRoSTA Aktiengesellschaft (NLM) delivered so far?
Over the past 5 years revenue at FRoSTA Aktiengesellschaft, grew +4.3 % a year. The price currently implies +13.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of FRoSTA Aktiengesellschaft (NLM) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into FRoSTA Aktiengesellschaft, (+13.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of FRoSTA Aktiengesellschaft (NLM)?
The free-cash-flow yield on the price is 3.55 %: that much free cash flow FRoSTA Aktiengesellschaft, produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FRoSTA Aktiengesellschaft (NLM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FRoSTA Aktiengesellschaft, it is €96.36 per share (as of Oct 1, 2026), against a price of €102.50. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is FRoSTA Aktiengesellschaft, stock overvalued or undervalued in 2026?
As of Oct 1, 2026, NLM trades above its calculated fair value: price €102.50, fair value €96.36, a gap of about −6% (fairly valued). 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 NLM?
No. The price is what the market pays today (€102.50); the fair value is what the company's own numbers justify (€96.36). For FRoSTA Aktiengesellschaft, the two are €6.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is FRoSTA Aktiengesellschaft, worth?
The market values FRoSTA Aktiengesellschaft, at about €698M (market capitalisation, as of Oct 1, 2026). Per share that is €102.50; our models calculate a fair value of €96.36 per share.
What do the bullish and bearish scenarios say about NLM?
Our models span a range for FRoSTA Aktiengesellschaft,: cautious scenario €67.45, base €96.36, optimistic €125.26 per share (as of Oct 1, 2026, price €102.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NLM?
FRoSTA Aktiengesellschaft, trades at a price-to-earnings ratio of 18.6 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €96.36 is built from several models across several years. Other multiples: P/B 2.5, P/S 1.0, EV/EBITDA 7.9.
How solid is the balance sheet of FRoSTA Aktiengesellschaft (NLM)?
Balance-sheet figures for FRoSTA Aktiengesellschaft, (as of Oct 1, 2026): return on equity 13.8%, debt of 0.03 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is NLM from its 52-week high?
FRoSTA Aktiengesellschaft, trades at €102.50, about 3% below its 52-week high of €106.00 and 18% above the low of €86.59 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €96.36 is for.
Which stocks are comparable to FRoSTA Aktiengesellschaft,?
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 FRoSTA Aktiengesellschaft, stock attractive at the current price?
The data as of Oct 1, 2026: price €102.50, calculated fair value €96.36 (−6%), Quality Score 63/100, from 26 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 NLM calculated?
We run FRoSTA Aktiengesellschaft, through 26 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 €96.36, 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 15.0 % above its aggregate fair value. FRoSTA Aktiengesellschaft, 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 FRoSTA Aktiengesellschaft (NLM)?
The closing price on Oct 1, 2026 was €102.50. Our model-based fair value is €96.36, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FRoSTA Aktiengesellschaft, right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (€67.45 to €125.26) leaves room in how you read the outcome.
Key figures of FRoSTA Aktiengesellschaft,
How large is the market capitalisation of FRoSTA Aktiengesellschaft (NLM)?
The market capitalisation of FRoSTA Aktiengesellschaft, is €698M. 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 FRoSTA Aktiengesellschaft (NLM)?
The price-to-sales ratio of FRoSTA Aktiengesellschaft, is 1.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FRoSTA Aktiengesellschaft (NLM)?
Earnings per share at FRoSTA Aktiengesellschaft, are €5.50 (price ÷ EPS = P/E 18.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FRoSTA Aktiengesellschaft (NLM)?
The dividend yield of FRoSTA Aktiengesellschaft, is 2.3% (payout 43.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of FRoSTA Aktiengesellschaft (NLM)?
The net margin of FRoSTA Aktiengesellschaft, is 5.4% (fiscal year 2025). 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 FRoSTA Aktiengesellschaft (NLM)?
The return on equity (ROE) of FRoSTA Aktiengesellschaft, is 13.8% (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 FRoSTA Aktiengesellschaft (NLM)?
On an EBIT basis the return on assets of FRoSTA Aktiengesellschaft, is 10.8% (avg 5y). 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 FRoSTA Aktiengesellschaft (NLM)?
The operating margin of FRoSTA Aktiengesellschaft, is 6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FRoSTA Aktiengesellschaft (NLM)?
Revenue at FRoSTA Aktiengesellschaft, is growing +11.7% versus a year earlier (3y avg +5.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at FRoSTA Aktiengesellschaft (NLM)?
Earnings per share at FRoSTA Aktiengesellschaft, are growing −27.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does FRoSTA Aktiengesellschaft (NLM) carry?
The net debt of FRoSTA Aktiengesellschaft, is €41.4M (fiscal year 2022, ≈ 1.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch FRoSTA Aktiengesellschaft, in the live analysis
One click puts FRoSTA Aktiengesellschaft, on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
