MICC · the NYSE · USD · Market cap $11.5B · 15,399 employees
The Magnum Ice Cream Company N.V.
FAIL · Does not pass the screen
18.98 USD
At the last full screen 2026-09-18
Screened 2026-09-18 · the tape above runs as of 21:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
Magnum Ice Cream Company NV holds its Markdown at $18.98. Consolidating, no directional conviction, held for 13 days.
As held on the ledger · 2026-09-18
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 13 days
Price at the screen
$18.98
Valuation
55.82 trailing · 14.97 forward price to earnings
Values screen
FAIL· score 70.0
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
43.47%
Below 33%
Interest-bearing debt is 43.5% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.49%
Below 33%
Cash held in interest-bearing accounts and securities is 0.5% of assets, under the one-third limit.
Pass
Receivables
14.32%
Below 49%
Money owed to the company is 14.3% of assets, under the 49% limit.
Pass
Revenue purity
0.34%
Below 5%
Only 0.3% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-18 screen. The gold marker is the market price at the same screen. A 6.4% margin of safety to the base estimate.
Third-party analyst targets: 4 covering, consensus Hold. The average target sits +1% from the screen price.
Reading the gap · Our model sees value the Street hasn't fully caught up to yet.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Ice Cream Sales Cool in Key Markets
Think of a freezer full of premium ice creams on a hot day that suddenly turns cool. Magnum Ice Cream sells the Magnum, Ben and Jerry's and Cornetto brands across Europe and beyond, yet revenue has slipped four percent while profit margins sit at just four percent. At eighteen dollars seventy the shares trade almost in line with our fair value, leaving almost no margin of safety.
We pass because the business shows a narrow moat, modest returns on equity and little growth to justify a higher price. Four analysts see the same picture, with a median target at eighteen dollars. The ethical screen clears, yet the numbers offer no real opportunity.
The main risk is that slowing sales could persist if consumers trade down or private labels gain ground. A narrow moat also leaves room for bigger rivals to squeeze shelf space. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Netherlands and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
MICC trades on the NYSE (the company is based in Netherlands). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-05Accumulation$19.85+5.9%Entry 5
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 5.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (4 analysts) rates it hold, with a mean price target of $18.
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 4.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (4 analysts) rates it hold, with a mean price target of $18.
2026-07-18Markup$17.92+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (4 analysts) rates it hold, with a mean price target of $18.
2026-07-03Markup$17.92+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$17.92Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.