MICCThe Magnum Ice Cream Company N.V.
Is the business good?
The checks split: earnings fully cash-backed (1.2×), but returns that lean on debt.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 47% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is MICC?
The Magnum Ice Cream Company N.V. keeps 7.6% of every revenue dollar as operating profit, against 7.6% for the median Packaged Foods name.
Operating margin · Packaged Foods median 7.6% · fiscal year to FY2025
- Cash conversion
- 1.17×
Cash conversion · 1.83× a year ago · operating cash flow covers the operating profit after tax
- R&D as % of revenue
- 1.1%
R&D as % of revenue
- Gross margin
- 35%
Gross margin
| Year | Operating margin |
|---|---|
| FY2023 | 9.7% |
| FY2024 | 9.6% |
| FY2025 | 7.6% |
Details›
- Gross marginfiscal year to FY2025
- 35%
- Operating marginfiscal year to FY2025
- 7.6%
- Net marginfiscal year to FY2025
- 3.7%
- Free cash flow margin
- 1.6%
- R&D as % of revenue
- 1.1%
- Revenue, trailing twelve months
- $7.91B
- Free cash flow, trailing twelve months
- $126M
- Net income, trailing twelve months
- $293M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Packaged Foods
The closest names by size in the same industry