We’ve recently updated our valuation analysis.

Mondi Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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/Revenue1.1x
Enterprise Value/EBITDA5.4x
PEG Ratio-0.6x

Price to Earnings Ratio vs Peers

How does MNDI's PE Ratio compare to its 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 Average18.3x
FRES Fresnillo
30.9x30.9%UK£6.0b
CRDA Croda International
14x-15.5%UK£9.9b
SMDS DS Smith
13.3x-1.6%UK£5.0b
JMAT Johnson Matthey
14.9x8.9%UK£4.3b
MNDI Mondi
7.1x-12.6%UK£7.7b

Price-To-Earnings vs Peers: MNDI is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (18.3x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-8.0%
n/an/an/a

Price-To-Earnings vs Industry: MNDI is expensive based on its Price-To-Earnings Ratio (7.1x) compared to the European Forestry industry average (7x)


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 Ratio7.1x
Fair PE Ratio7.6x

Price-To-Earnings vs Fair Ratio: MNDI is good value based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (7.6x).


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 (£15.85) is trading above our estimate of fair value (£12.96)

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?

The above table shows the analyst MNDI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£15.85
UK£18.48
+16.6%
6.4%UK£20.09UK£16.29n/a9
Jan ’24UK£14.10
UK£18.47
+31.1%
6.1%UK£20.02UK£16.20n/a9
Dec ’23UK£15.43
UK£18.43
+19.4%
5.9%UK£20.06UK£16.28n/a10
Nov ’23UK£14.79
UK£18.83
+27.3%
7.4%UK£21.26UK£16.14n/a10
Oct ’23UK£13.94
UK£19.37
+38.9%
5.9%UK£21.43UK£16.97n/a10
Sep ’23UK£14.34
UK£18.88
+31.6%
5.9%UK£20.65UK£16.98n/a10
Aug ’23UK£15.63
UK£18.91
+21.0%
8.7%UK£22.51UK£16.71n/a11
Jul ’23UK£14.56
UK£19.99
+37.3%
8.7%UK£23.19UK£17.21n/a11
Jun ’23UK£15.32
UK£19.70
+28.6%
8.6%UK£22.84UK£16.95n/a11
May ’23UK£15.10
UK£19.08
+26.3%
12.6%UK£22.62UK£15.11n/a11
Apr ’23UK£15.05
UK£19.55
+29.9%
10.6%UK£22.41UK£16.10n/a11
Mar ’23UK£14.68
UK£21.42
+45.9%
7.9%UK£25.02UK£18.44n/a12
Feb ’23UK£18.70
UK£21.17
+13.2%
8.3%UK£24.65UK£18.74UK£15.4612
Jan ’23UK£18.26
UK£21.53
+17.9%
8.6%UK£25.17UK£18.77UK£14.1012
Dec ’22UK£17.92
UK£21.05
+17.5%
9.2%UK£24.72UK£18.35UK£15.4312
Nov ’22UK£18.39
UK£21.33
+16.0%
9.4%UK£24.83UK£18.43UK£14.7911
Oct ’22UK£18.12
UK£22.03
+21.6%
9.4%UK£25.46UK£18.65UK£13.9411
Sep ’22UK£20.12
UK£21.87
+8.7%
9.6%UK£25.24UK£18.01UK£14.3411
Aug ’22UK£19.96
UK£20.34
+1.9%
8.6%UK£22.45UK£17.48UK£15.6312
Jul ’22UK£19.17
UK£20.39
+6.3%
8.4%UK£22.40UK£17.58UK£14.5612
Jun ’22UK£19.24
UK£20.38
+5.9%
8.4%UK£22.35UK£17.58UK£15.3212
May ’22UK£19.65
UK£20.83
+6.0%
8.2%UK£22.90UK£17.78UK£15.1011
Apr ’22UK£18.85
UK£20.09
+6.6%
8.2%UK£22.58UK£16.65UK£15.0511
Mar ’22UK£17.72
UK£19.78
+11.7%
9.3%UK£21.91UK£16.81UK£14.6810
Feb ’22UK£17.58
UK£19.40
+10.4%
8.4%UK£21.61UK£17.19UK£18.7011

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


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