Mondi plc

BATS-CHIXE:MNDIL Stock Report

Market Cap: UK£5.2b

Mondi Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 MNDIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MNDIL (£11.91) is trading below our estimate of fair value (£19.54)

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

Key Valuation Metric

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

Key metric: As MNDIL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MNDIL. This is calculated by dividing MNDIL's market cap by their current earnings.
What is MNDIL's PE Ratio?
PE Ratio16x
Earnings€392.00m
Market Cap€6.28b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MNDIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
FRES Fresnillo
23.8x33.0%UK£4.7b
CRDA Croda International
30.3x15.1%UK£4.9b
NLMK Novolipetsk Steel
0.8xn/aUS$4.1b
SMDS DS Smith
21.3x8.3%UK£8.2b
MNDIL Mondi
16x15.8%UK£5.2b

Price-To-Earnings vs Peers: MNDIL is good value based on its Price-To-Earnings Ratio (16x) compared to the peer average (25.1x).

Price to Earnings Ratio vs Industry

How does MNDIL's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MNDIL is expensive based on its Price-To-Earnings Ratio (16x) compared to the European Forestry industry average (10.2x).

Price to Earnings Ratio vs Fair Ratio

What is MNDIL'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.

MNDIL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: MNDIL is good value based on its Price-To-Earnings Ratio (16x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).

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 MNDIL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£11.91
UK£15.47
+30.0%
10.0%UK£18.22UK£12.78n/a10
Nov ’25UK£12.58
UK£15.59
+24.0%
9.1%UK£18.16UK£12.75n/a10
Oct ’25UK£14.10
UK£16.78
+19.0%
9.1%UK£19.51UK£14.24n/a10
Sep ’25UK£14.81
UK£17.11
+15.5%
9.7%UK£20.13UK£14.69n/a10
Aug ’25UK£15.46
UK£16.84
+8.9%
13.1%UK£21.66UK£13.59n/a10
Jul ’25UK£15.32
UK£16.51
+7.8%
12.1%UK£21.01UK£13.68n/a9
Jun ’25UK£15.57
UK£16.48
+5.9%
12.1%UK£20.98UK£13.65n/a9
May ’25UK£15.23
UK£15.67
+2.9%
9.4%UK£17.05UK£13.32n/a7
Apr ’25UK£13.95
UK£15.18
+8.9%
13.8%UK£17.03UK£11.88n/a5
Mar ’25UK£14.12
UK£15.20
+7.7%
13.8%UK£17.05UK£11.89n/a5
Feb ’25UK£14.04
UK£16.50
+17.5%
12.8%UK£18.75UK£13.23n/a9
Jan ’25UK£16.95
UK£15.98
-5.7%
13.2%UK£18.72UK£12.52n/a9
Dec ’24UK£15.83
UK£15.73
-0.6%
12.2%UK£18.37UK£12.42n/a9
Nov ’24UK£14.61
UK£16.01
+9.5%
12.2%UK£18.73UK£12.66UK£12.589
Oct ’24UK£15.11
UK£16.13
+6.8%
7.8%UK£17.76UK£13.65UK£14.109
Sep ’24UK£14.42
UK£15.59
+8.1%
9.6%UK£17.52UK£12.27UK£14.8110
Aug ’24UK£14.90
UK£15.89
+6.6%
12.1%UK£18.73UK£11.71UK£15.469
Jul ’24UK£13.20
UK£16.23
+22.9%
11.8%UK£18.42UK£11.77UK£15.329
Jun ’24UK£13.76
UK£16.37
+18.9%
11.6%UK£18.65UK£11.85UK£15.579
May ’24UK£13.89
UK£16.74
+20.6%
10.0%UK£18.72UK£13.16UK£15.238
Apr ’24UK£14.13
UK£17.44
+23.4%
10.8%UK£19.75UK£13.22UK£13.958
Mar ’24UK£15.66
UK£19.06
+21.7%
9.1%UK£22.11UK£16.16UK£14.129
Feb ’24UK£17.04
UK£20.32
+19.2%
6.3%UK£22.09UK£17.96UK£14.049
Jan ’24UK£15.52
UK£20.33
+31.0%
6.1%UK£22.02UK£17.87UK£16.959
Dec ’23UK£17.02
UK£20.27
+19.1%
5.9%UK£22.07UK£17.91UK£15.8310
Nov ’23UK£16.26
UK£20.71
+27.4%
7.4%UK£23.38UK£17.76UK£14.6110

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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