Mondelez International Valuation

Q: What is the Fair Price of MDLZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MDLZ (CHF61) is trading below our estimate of [[fair value]] (CHF134.9)

Is MDLZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MDLZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MDLZ (CHF61) is trading below our estimate of fair value (CHF134.9)

Significantly Below Fair Value: MDLZ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MDLZ?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MDLZ. This is calculated by dividing MDLZ's market cap by their current preferred multiple.
What is MDLZ's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$96.51b

MDLZ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.2x
Enterprise Value/EBITDA	14.6x
PEG Ratio	3.4x

Price to Earnings Ratio vs Peers

How does MDLZ's PE Ratio compare to its peers?

The above table shows the PE ratio for MDLZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	27.3x
NESN Nestlé	21x	5.9%	CHF 235.2b
LISN Chocoladefabriken Lindt & Sprüngli	37.7x	6.2%	CHF 26.0b
BARN Barry Callebaut	26.2x	25.3%	CHF 7.5b
EMMN Emmi	24.5x	13.0%	CHF 4.7b
MDLZ Mondelez International	25.5x	7.5%	CHF 96.5b

Price-To-Earnings vs Peers: MDLZ is good value based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (27.3x).

Price to Earnings Ratio vs Industry

How does MDLZ's PE Ratio compare vs other companies in the European Food Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	6.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	6.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: MDLZ is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the European Food industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is MDLZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MDLZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	25.5x
Fair PE Ratio	26.5x

Price-To-Earnings vs Fair Ratio: MDLZ is good value based on its Price-To-Earnings Ratio (25.5x) compared to the estimated Fair Price-To-Earnings Ratio (26.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MDLZ forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 61.00	CHF 66.52 +9.1%	4.8%	CHF 74.64	CHF 61.92	n/a	24
Aug ’25	CHF 61.00	CHF 68.73 +12.7%	5.5%	CHF 77.24	CHF 61.44	n/a	23
Jul ’25	CHF 61.00	CHF 71.99 +18.0%	5.0%	CHF 80.76	CHF 65.50	n/a	23
Jun ’25	CHF 61.00	CHF 73.35 +20.2%	4.2%	CHF 81.20	CHF 67.67	n/a	24
May ’25	CHF 61.00	CHF 74.92 +22.8%	4.7%	CHF 82.72	CHF 67.10	n/a	24
Apr ’25	CHF 61.00	CHF 75.16 +23.2%	4.1%	CHF 80.50	CHF 66.03	n/a	25
Mar ’25	CHF 61.00	CHF 73.50 +20.5%	4.1%	CHF 78.61	CHF 64.48	n/a	25
Feb ’25	CHF 61.00	CHF 70.93 +16.3%	4.5%	CHF 76.34	CHF 62.61	n/a	25
Jan ’25	CHF 61.00	CHF 68.94 +13.0%	5.5%	CHF 76.60	CHF 59.39	n/a	24
Dec ’24	CHF 61.00	CHF 69.21 +13.5%	6.0%	CHF 77.78	CHF 60.30	n/a	23
Nov ’24	CHF 61.00	CHF 71.43 +17.1%	7.7%	CHF 80.80	CHF 59.01	n/a	22
Oct ’24	CHF 61.00	CHF 75.68 +24.1%	5.4%	CHF 81.96	CHF 64.46	n/a	23
Sep ’24	CHF 61.00	CHF 72.58 +19.0%	5.3%	CHF 78.18	CHF 61.49	CHF 61.00	21
Aug ’24	CHF 61.00	CHF 72.39 +18.7%	5.3%	CHF 77.90	CHF 61.27	CHF 61.00	21
Jul ’24	CHF 61.00	CHF 72.18 +18.3%	5.2%	CHF 76.82	CHF 62.53	CHF 61.00	21
Jun ’24	CHF 61.00	CHF 73.06 +19.8%	5.3%	CHF 77.57	CHF 63.14	CHF 61.00	21
May ’24	CHF 61.00	CHF 71.40 +17.1%	6.4%	CHF 77.07	CHF 61.84	CHF 61.00	23
Apr ’24	CHF 61.00	CHF 69.14 +13.4%	4.5%	CHF 74.29	CHF 64.08	CHF 61.00	23
Mar ’24	CHF 52.00	CHF 68.97 +32.6%	4.8%	CHF 74.24	CHF 61.25	CHF 61.00	24
Feb ’24	CHF 52.00	CHF 67.28 +29.4%	5.1%	CHF 72.70	CHF 59.98	CHF 61.00	24
Jan ’24	CHF 52.00	CHF 66.84 +28.5%	4.4%	CHF 71.36	CHF 61.16	CHF 61.00	24
Dec ’23	CHF 52.00	CHF 67.05 +28.9%	3.7%	CHF 71.75	CHF 62.31	CHF 61.00	23
Nov ’23	CHF 52.00	CHF 69.54 +33.7%	5.1%	CHF 75.10	CHF 63.09	CHF 61.00	22
Oct ’23	CHF 52.00	CHF 70.52 +35.6%	4.9%	CHF 77.19	CHF 62.53	CHF 61.00	22
Sep ’23	CHF 50.00	CHF 69.24 +38.5%	4.8%	CHF 75.53	CHF 61.19	CHF 61.00	21

Analyst Forecast: Target price is less than 20% higher than the current share price.