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MNDI

Mondi LSE:MNDI Stock Report

Last Price

UK£13.94

Market Cap

UK£6.8b

7D

1.3%

1Y

-23.0%

Updated

02 Oct, 2022

Data

Company Financials +
MNDI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

MNDI Stock Overview

Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia.

Mondi Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mondi
Historical stock prices
Current Share PriceUK£13.94
52 Week HighUK£19.53
52 Week LowUK£12.34
Beta0.76
1 Month Change-4.98%
3 Month Change-5.78%
1 Year Change-23.05%
3 Year Change-8.32%
5 Year Change-34.06%
Change since IPO178.80%

Recent News & Updates

Sep 21
Here's Why Mondi (LON:MNDI) Can Manage Its Debt Responsibly

Here's Why Mondi (LON:MNDI) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Aug 12
Mondi's (LON:MNDI) Earnings Are Weaker Than They Seem

Mondi's (LON:MNDI) Earnings Are Weaker Than They Seem

Mondi plc ( LON:MNDI ) announced strong profits, but the stock was stagnant. Our analysis suggests that this might be...

Shareholder Returns

MNDIGB ForestryGB Market
7D1.3%0.9%-1.8%
1Y-23.0%-1.8%-15.2%

Return vs Industry: MNDI underperformed the UK Forestry industry which returned -1.8% over the past year.

Return vs Market: MNDI underperformed the UK Market which returned -15.1% over the past year.

Price Volatility

Is MNDI's price volatile compared to industry and market?
MNDI volatility
MNDI Average Weekly Movement6.2%
Forestry Industry Average Movement5.3%
Market Average Movement5.5%
10% most volatile stocks in GB Market10.9%
10% least volatile stocks in GB Market2.9%

Stable Share Price: MNDI is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MNDI's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196727,000Andrew Charles Kinghttps://www.mondigroup.com

Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia. It operates in Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper segments. The company offers flexible packaging, bags, and pouches; personal care components; release liners; functional films; corrugated solutions; industrial bags; barrier coatings; specialty Kraft and sack Kraft papers; containerboards; and office and professional printing papers.

Mondi Fundamentals Summary

How do Mondi's earnings and revenue compare to its market cap?
MNDI fundamental statistics
Market CapUK£6.76b
Earnings (TTM)UK£1.07b
Revenue (TTM)UK£7.87b

6.3x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNDI income statement (TTM)
Revenue€8.95b
Cost of Revenue€5.19b
Gross Profit€3.75b
Other Expenses€2.54b
Earnings€1.21b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.50
Gross Margin41.95%
Net Profit Margin13.55%
Debt/Equity Ratio32.5%

How did MNDI perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

27%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MNDI 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/Revenue1x
Enterprise Value/EBITDA5x
PEG Ratio-0.7x

Price to Earnings Ratio vs Peers

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

MNDI PE Ratio vs Peers
The above table shows the PE ratio for MNDI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.6x
CRPR James Cropper
70.4x45.2%UK£95.5m
FRES Fresnillo
26.7x14.0%UK£5.7b
CRDA Croda International
12.6x-8.5%UK£8.9b
NLMK Novolipetsk Steel
0.8xn/aUS$4.1b
MNDI Mondi
6.3x-9.1%UK£6.8b

Price-To-Earnings vs Peers: MNDI is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (27.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: MNDI is good value based on its Price-To-Earnings Ratio (6.3x) compared to the European Forestry industry average (7.3x)


Price to Earnings Ratio vs Fair Ratio

What is MNDI'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.

MNDI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ratio10.5x

Price-To-Earnings vs Fair Ratio: MNDI is good value based on its Price-To-Earnings Ratio (6.3x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).


Share Price vs Fair Value

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

Below Fair Value: MNDI (£13.94) is trading above our estimate of fair value (£9.6)

Significantly Below Fair Value: MNDI is trading above our estimate of fair value.


Analyst Price Targets

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

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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Future Growth

How is Mondi forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-9.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNDI's earnings are forecast to decline over the next 3 years (-9.1% per year).

Earnings vs Market: MNDI's earnings are forecast to decline over the next 3 years (-9.1% per year).

High Growth Earnings: MNDI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MNDI's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: MNDI's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MNDI's Return on Equity is forecast to be low in 3 years time (11.8%).


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Past Performance

How has Mondi performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MNDI has high quality earnings.

Growing Profit Margin: MNDI's current net profit margins (13.5%) are higher than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: MNDI's earnings have grown by 3.3% per year over the past 5 years.

Accelerating Growth: MNDI's earnings growth over the past year (143.9%) exceeds its 5-year average (3.3% per year).

Earnings vs Industry: MNDI earnings growth over the past year (143.9%) exceeded the Forestry industry 86.6%.


Return on Equity

High ROE: MNDI's Return on Equity (20.6%) is considered high.


Discover strong past performing companies

Financial Health

How is Mondi's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MNDI's short term assets (€5.4B) exceed its short term liabilities (€2.2B).

Long Term Liabilities: MNDI's short term assets (€5.4B) exceed its long term liabilities (€2.5B).


Debt to Equity History and Analysis

Debt Level: MNDI's net debt to equity ratio (17.7%) is considered satisfactory.

Reducing Debt: MNDI's debt to equity ratio has reduced from 41.1% to 32.5% over the past 5 years.

Debt Coverage: MNDI's debt is well covered by operating cash flow (64.4%).

Interest Coverage: MNDI's interest payments on its debt are well covered by EBIT (12.9x coverage).


Balance Sheet


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Dividend

What is Mondi current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.21%

Current Dividend Yield

Dividend Yield vs Market

Mondi Dividend Yield vs Market
How does Mondi dividend yield compare to the market?
SegmentDividend Yield
Company (Mondi)4.2%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)6.1%
Industry Average (Forestry)4.3%
Analyst forecast in 3 Years (Mondi)5.2%

Notable Dividend: MNDI's dividend (4.21%) is higher than the bottom 25% of dividend payers in the UK market (2.12%).

High Dividend: MNDI's dividend (4.21%) is low compared to the top 25% of dividend payers in the UK market (6.11%).


Stability and Growth of Payments

Stable Dividend: MNDI's dividend payments have been volatile in the past 10 years.

Growing Dividend: MNDI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26.7%), MNDI's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (47.5%), MNDI's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Andrew Charles King (52 yo)

14yrs

Tenure

€4,148,088

Compensation

Mr. Andrew Charles Wallis King, CA (SA), serves as Group Chief Executive Officer at Mondi plc and Mondi Limited since April 1, 2020 and its Executive Director since October 2008. He serves as the Chief fin...


CEO Compensation Analysis

Andrew Charles King's Compensation vs Mondi Earnings
How has Andrew Charles King's remuneration changed compared to Mondi's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€1b

Mar 31 2022n/an/a

€984m

Dec 31 2021€4m€1m

€756m

Sep 30 2021n/an/a

€585m

Jun 30 2021n/an/a

€497m

Mar 31 2021n/an/a

€540m

Dec 31 2020€3m€989k

€582m

Sep 30 2020n/an/a

€640m

Jun 30 2020n/an/a

€697m

Mar 31 2020n/an/a

€755m

Dec 31 2019€2m€677k

€812m

Sep 30 2019n/an/a

€875m

Jun 30 2019n/an/a

€937m

Mar 31 2019n/an/a

€881m

Dec 31 2018€3m€654k

€824m

Sep 30 2018n/an/a

€747m

Jun 30 2018n/an/a

€670m

Mar 31 2018n/an/a

€669m

Dec 31 2017€17m€643k

€668m

Sep 30 2017n/an/a

€646m

Jun 30 2017n/an/a

€624m

Mar 31 2017n/an/a

€631m

Dec 31 2016€3m€661k

€638m

Sep 30 2016n/an/a

€655m

Jun 30 2016n/an/a

€671m

Mar 31 2016n/an/a

€636m

Dec 31 2015€3m€730k

€600m

Compensation vs Market: Andrew Charles's total compensation ($USD4.07M) is above average for companies of similar size in the UK market ($USD3.00M).

Compensation vs Earnings: Andrew Charles's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MNDI's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: MNDI's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

LSE:MNDI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
06 May 22BuyUK£9,922Angela R. StrankIndividual628UK£15.80
29 Nov 21BuyUK£99,243Michael PowellIndividual5,626UK£17.64
20 Oct 21BuyUK£88,639Philip YeaIndividual5,000UK£17.73

Ownership Breakdown

What is the ownership structure of MNDI?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders220,3520.05%
Employee Share Scheme255,9470.05%
State or Government316,2260.07%
Public Companies1,717,6860.4%
Private Companies4,308,2230.9%
General Public101,644,43921.0%
Institutions376,558,42777.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 51.71% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.25%
BlackRock, Inc.
40,015,296€557.8m11.78%0.02%
7.02%
Public Investment Corporation Limited
34,046,288€474.6m16.06%1.23%
4.94%
Ninety One UK Limited
23,972,407€334.2m28.49%0.63%
3.41%
The Vanguard Group, Inc.
16,515,356€230.2m-12.74%0.01%
3.11%
Coronation Fund Managers Limited
15,073,757€210.1m10.59%1.89%
3.03%
Allan Gray Limited
14,672,188€204.5m33.47%2.03%
3.02%
Norges Bank Investment Management
14,666,028€204.4m26.88%0.03%
1.82%
American Century Investment Management Inc
8,810,938€122.8m2.22%0.1%
1.77%
State Street Global Advisors, Inc.
8,567,781€119.4m-6.86%0.01%
1.74%
Legal & General Investment Management Limited
8,419,376€117.4m-4.42%0.04%
1.55%
Ignis Investment Services Limited
7,517,094€104.8m-3.99%0.46%
1.48%
T. Rowe Price Group, Inc.
7,199,069€100.4m-0.95%0.01%
1.37%
abrdn plc
6,668,152€93.0m0%0.11%
1.17%
Northern Trust Global Investments
5,678,770€79.2m23.29%0.02%
1.04%
Mondrian Investment Partners Limited
5,046,043€70.3m-33.51%0.62%
0.9%
UBS Asset Management
4,348,261€60.6m-22.57%0.01%
0.87%
Vontobel Asset Management S.A.
4,219,336€58.8m0%0.95%
0.74%
Lazard Asset Management LLC
3,597,386€50.1m-3.7%0.06%
0.72%
Pictet Asset Management Limited
3,474,160€48.4m-14.32%0.05%
0.68%
Teachers' Retirement System of the State of Illinois
3,281,863€45.7m0%8.65%
0.66%
FMR LLC
3,216,689€44.8m-79.64%no data
0.63%
Russell Investment Management, LLC
3,045,897€42.5m1097.95%0.08%
0.62%
Raiffeisenlandesbank OÖ reg. GenmbH, Asset Management Arm
3,026,865€42.2m-23.11%5.52%
0.61%
First Sentier Investors (Australia) IM Ltd
2,944,545€41.0m-3.69%0.11%
0.57%
DZ Bank AG, Asset Management Arm
2,786,533€38.8m154.94%0.62%

Company Information

Mondi plc's employee growth, exchange listings and data sources


Key Information

  • Name: Mondi plc
  • Ticker: MNDI
  • Exchange: LSE
  • Founded: 1967
  • Industry: Paper Products
  • Sector: Materials
  • Implied Market Cap: UK£6.761b
  • Shares outstanding: 485.02m
  • Website: https://www.mondigroup.com

Number of Employees


Location

  • Mondi plc
  • The Heights
  • Building 5, Ground Floor
  • Weybridge
  • Surrey
  • KT13 0NY
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MNDILSE (London Stock Exchange)YesPLC Ordinary SharesGBGBPJul 2007
MNPJSE (The Johannesburg Securities Exchange)YesPLC Ordinary SharesZAZARJul 2007
KYCDB (Deutsche Boerse AG)YesPLC Ordinary SharesDEEURJul 2007
MOND.FOTCPK (Pink Sheets LLC)YesPLC Ordinary SharesUSUSDJul 2007
MNDILBATS-CHIXE (BATS 'Chi-X Europe')YesPLC Ordinary SharesGBGBPJul 2007
MOND.YOTCPK (Pink Sheets LLC)ADR EACH REPR 2 ORDUSUSDJun 2008
KYCADB (Deutsche Boerse AG)ADR EACH REPR 2 ORDDEEURJun 2008

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.