Martins, FranciscoMorais, Pedro Miguel Faria Barroso Baldaia2021-08-222021-08-222021-01-222021-01-03http://hdl.handle.net/10362/122916This Work Project presents a Nomad Foods Equity Research, which is one of the frozen food leaders in Europe. This report aims to forecast the company’s future, and value it based on its expected cash flows. Nomad Foods benefitted from the current pandemic outbreak, as lockdowns brought the need for durable and convenient products, and therefore, its future performance might be contingent on the short-term development of the COVID-19 vaccine, as well as the evolution of cases and government measures regarding lockdowns. Thus, a “HOLD” position was recommended, with a target price of $27.63forDecember 31, 2021.engFrozen foodCovid-19LockdownVeganmaster thesis202740285