Mondi plc

LSE:MNDI Stock Report

Market Cap: UK£5.1b

Mondi Valuation

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

Below Fair Value: MNDI (£11.67) is trading below our estimate of fair value (£19.56)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MNDI. This is calculated by dividing MNDI's market cap by their current earnings.
What is MNDI's PE Ratio?
PE Ratio15.7x
Earnings€392.00m
Market Cap€6.16b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.2x
FRES Fresnillo
24.3x33.0%UK£4.8b
CRDA Croda International
30x15.1%UK£4.9b
ENPL En+ Group International
2.2x8.0%US$4.7b
SMDS DS Smith
20.2x7.9%UK£7.8b
MNDI Mondi
15.7x15.8%UK£5.1b

Price-To-Earnings vs Peers: MNDI is good value based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (24.8x).

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
MNDI 15.7xIndustry Avg. 12.4xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MNDI is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the European Forestry industry average (12.4x).

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 Ratio15.7x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: MNDI is good value based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

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 MNDI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£11.67
UK£15.49
+32.7%
9.0%UK£18.06UK£12.66n/a10
Nov ’25UK£12.54
UK£15.59
+24.4%
9.0%UK£18.16UK£12.75n/a10
Oct ’25UK£14.07
UK£16.78
+19.2%
9.1%UK£19.51UK£14.24n/a10
Sep ’25UK£14.72
UK£17.11
+16.2%
9.7%UK£20.13UK£14.69n/a10
Aug ’25UK£15.42
UK£16.84
+9.2%
13.1%UK£21.66UK£13.59n/a10
Jul ’25UK£15.27
UK£16.51
+8.2%
12.1%UK£21.01UK£13.68n/a9
Jun ’25UK£15.61
UK£16.48
+5.6%
12.1%UK£20.98UK£13.65n/a9
May ’25UK£15.20
UK£15.67
+3.1%
9.4%UK£17.05UK£13.32n/a7
Apr ’25UK£13.96
UK£15.18
+8.8%
13.8%UK£17.03UK£11.88n/a5
Mar ’25UK£14.12
UK£15.20
+7.6%
13.8%UK£17.05UK£11.89n/a5
Feb ’25UK£14.01
UK£16.50
+17.8%
12.8%UK£18.75UK£13.23n/a9
Jan ’25UK£16.91
UK£15.98
-5.5%
13.2%UK£18.72UK£12.52n/a9
Dec ’24UK£15.87
UK£15.73
-0.9%
12.2%UK£18.37UK£12.42n/a9
Nov ’24UK£14.66
UK£16.01
+9.2%
12.2%UK£18.73UK£12.66UK£12.549
Oct ’24UK£15.10
UK£16.13
+6.9%
7.8%UK£17.76UK£13.65UK£14.079
Sep ’24UK£14.45
UK£15.59
+7.9%
9.6%UK£17.52UK£12.27UK£14.7210
Aug ’24UK£14.92
UK£15.89
+6.5%
12.1%UK£18.73UK£11.71UK£15.429
Jul ’24UK£13.19
UK£16.23
+23.0%
11.8%UK£18.42UK£11.77UK£15.279
Jun ’24UK£13.77
UK£16.37
+18.8%
11.6%UK£18.65UK£11.85UK£15.619
May ’24UK£13.91
UK£16.74
+20.3%
10.0%UK£18.72UK£13.16UK£15.208
Apr ’24UK£14.10
UK£17.44
+23.7%
10.8%UK£19.75UK£13.22UK£13.968
Mar ’24UK£15.69
UK£19.06
+21.5%
9.1%UK£22.11UK£16.16UK£14.129
Feb ’24UK£17.01
UK£20.32
+19.5%
6.3%UK£22.09UK£17.96UK£14.019
Jan ’24UK£15.50
UK£20.33
+31.1%
6.1%UK£22.02UK£17.87UK£16.919
Dec ’23UK£16.97
UK£20.27
+19.4%
5.9%UK£22.07UK£17.91UK£15.8710
Nov ’23UK£16.27
UK£20.71
+27.3%
7.4%UK£23.38UK£17.76UK£14.6610

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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