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Mondi

LSE:MNDI
Snowflake Description

Outstanding track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MNDI
LSE
£9B
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The last earnings update was 113 days ago. More info.


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MNDI Share Price and Events
7 Day Returns
2.9%
LSE:MNDI
0.2%
Europe Forestry
0.6%
GB Market
1 Year Returns
-14.2%
LSE:MNDI
-27.2%
Europe Forestry
-1.1%
GB Market
MNDI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mondi (MNDI) 2.9% 5.3% 4.1% -14.2% 24.3% 73.9%
Europe Forestry 0.2% 2.9% -7.5% -27.2% -4.1% 23.2%
GB Market 0.6% 2.3% 0.7% -1.1% 12.3% 7.2%
1 Year Return vs Industry and Market
  • MNDI outperformed the Forestry industry which returned -27.2% over the past year.
  • MNDI underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.1% over the past year.
Price Volatility
MNDI
Industry
5yr Volatility vs Market

Value

 Is Mondi undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mondi to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mondi.

LSE:MNDI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:MNDI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.338 (1 + (1- 19%) (23.53%))
1.397
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.397 * 6.65%)
10.52%

Discounted Cash Flow Calculation for LSE:MNDI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mondi is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:MNDI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.52%)
2020 785.80 Analyst x3 711.01
2021 1,019.50 Analyst x2 834.68
2022 1,123.35 Est @ 10.19% 832.17
2023 1,207.59 Est @ 7.5% 809.43
2024 1,275.42 Est @ 5.62% 773.53
2025 1,330.26 Est @ 4.3% 730.01
2026 1,375.20 Est @ 3.38% 682.85
2027 1,412.78 Est @ 2.73% 634.74
2028 1,445.01 Est @ 2.28% 587.43
2029 1,473.40 Est @ 1.96% 541.97
Present value of next 10 years cash flows €7,137.83
LSE:MNDI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,473.40 × (1 + 1.23%) ÷ (10.52% – 1.23%)
€16,052.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €16,052.28 ÷ (1 + 10.52%)10
€5,904.60
LSE:MNDI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €7,137.83 + €5,904.60
€13,042.44
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €13,042.44 / 484.39
€26.93
LSE:MNDI Discount to Share Price
Calculation Result
Exchange Rate EUR/GBP
(Reporting currency to currency of LSE:MNDI)
0.903
Value per Share
(GBP)
= Value per Share in EUR x Exchange Rate (EUR/GBP)
= €26.93 x 0.903
£24.32
Value per share (GBP) From above. £24.32
Current discount Discount to share price of £17.99
= -1 x (£17.99 - £24.32) / £24.32
26%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mondi is available for.
Intrinsic value
26%
Share price is £17.99 vs Future cash flow value of £24.32
Current Discount Checks
For Mondi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mondi's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mondi's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mondi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mondi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:MNDI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.70
LSE:MNDI Share Price ** LSE (2019-07-17) in GBP £17.99
LSE:MNDI Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.107 €19.91
Europe Forestry Industry PE Ratio Median Figure of 29 Publicly-Listed Forestry Companies 10.88x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 790 Publicly-Listed Companies 16.51x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mondi.

LSE:MNDI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:MNDI Share Price ÷ EPS (both in EUR)

= 19.91 ÷ 1.70

11.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mondi is overvalued based on earnings compared to the Europe Forestry industry average.
  • Mondi is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Mondi's expected growth come at a high price?
Raw Data
LSE:MNDI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
3.8%per year
Europe Forestry Industry PEG Ratio Median Figure of 20 Publicly-Listed Forestry Companies 1.05x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:MNDI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.71x ÷ 3.8%

3.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mondi is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mondi's assets?
Raw Data
LSE:MNDI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €7.19
LSE:MNDI Share Price * LSE (2019-07-17) in GBP £17.99
LSE:MNDI Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.107 €19.91
Europe Forestry Industry PB Ratio Median Figure of 35 Publicly-Listed Forestry Companies 1.21x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.52x
LSE:MNDI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:MNDI Share Price ÷ Book Value per Share (both in EUR)

= 19.91 ÷ 7.19

2.77x

* Primary Listing of Mondi.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mondi is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Mondi's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Mondi has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mondi expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mondi expected to grow at an attractive rate?
  • Mondi's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Mondi's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Mondi's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:MNDI Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:MNDI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 3.8%
LSE:MNDI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 2.1%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:MNDI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:MNDI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 7,932 1,786 1
2021-12-31 7,963 1,806 928 8
2020-12-31 7,808 1,719 899 11
2019-12-31 7,633 1,686 876 10
LSE:MNDI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,481 1,407 824
2018-09-30 7,361 1,347 747
2018-06-30 7,241 1,248 673
2018-03-31 7,169 1,212 672
2017-12-31 7,096 1,213 668
2017-09-30 7,014 1,224 647
2017-06-30 6,932 1,252 624
2017-03-31 6,797 1,241 631
2016-12-31 6,662 1,229 638
2016-09-30 6,667 1,208 655
2016-06-30 6,672 1,187 671
2016-03-31 6,746 1,153 636

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mondi's earnings are expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
  • Mondi's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:MNDI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Mondi Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:MNDI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.92 2.03 1.79 5.00
2020-12-31 1.87 2.00 1.74 8.00
2019-12-31 1.82 1.95 1.69 9.00
LSE:MNDI Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.70
2018-09-30 1.54
2018-06-30 1.39
2018-03-31 1.39
2017-12-31 1.38
2017-09-30 1.34
2017-06-30 1.29
2017-03-31 1.30
2016-12-31 1.32
2016-09-30 1.35
2016-06-30 1.39
2016-03-31 1.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mondi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mondi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mondi has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mondi performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mondi's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mondi's year on year earnings growth rate has been positive over the past 5 years.
  • Mondi's 1-year earnings growth exceeds its 5-year average (23.4% vs 11.6%)
  • Mondi's earnings growth has exceeded the Europe Forestry industry average in the past year (23.4% vs 11.7%).
Earnings and Revenue History
Mondi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mondi Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:MNDI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,481.00 824.00 1,393.00
2018-09-30 7,361.00 747.00 1,384.00
2018-06-30 7,241.00 673.00 1,375.00
2018-03-31 7,168.50 672.00 1,378.00
2017-12-31 7,096.00 668.00 1,381.00
2017-09-30 7,014.00 647.00 1,376.50
2017-06-30 6,932.00 624.00 1,372.00
2017-03-31 6,797.00 631.00 1,339.50
2016-12-31 6,662.00 638.00 1,307.00
2016-09-30 6,667.00 654.50 1,297.00
2016-06-30 6,672.00 671.00 1,287.00
2016-03-31 6,745.50 635.50 1,303.50
2015-12-31 6,819.00 600.00 1,320.00
2015-09-30 6,766.00 564.00 1,322.50
2015-06-30 6,713.00 528.00 1,325.00
2015-03-31 6,557.50 499.50 1,282.50
2014-12-31 6,402.00 471.00 1,240.00
2014-09-30 6,342.00 460.50 1,222.00
2014-06-30 6,282.00 450.00 1,204.00
2014-03-31 6,379.00 418.00 1,216.50
2013-12-31 6,476.00 386.00 1,229.00
2013-09-30 6,394.50 323.00 1,212.50
2013-06-30 6,313.00 260.00 1,196.00
2013-03-31 6,051.50 251.00 1,162.00
2012-12-31 5,790.00 242.00 1,128.00
2012-09-30 5,701.00 242.50 1,106.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mondi has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Mondi used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Mondi has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mondi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mondi has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mondi's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mondi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mondi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mondi's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mondi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mondi Company Filings, last reported 6 months ago.

LSE:MNDI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,825.00 2,086.00 52.00
2018-09-30 3,825.00 2,086.00 52.00
2018-06-30 3,516.00 2,314.00 54.00
2018-03-31 3,516.00 2,314.00 54.00
2017-12-31 4,007.00 1,363.00 39.00
2017-09-30 4,039.00 1,365.00 39.00
2017-06-30 3,825.00 1,574.00 104.00
2017-03-31 3,825.00 1,574.00 104.00
2016-12-31 3,696.00 1,770.00 406.00
2016-09-30 3,696.00 1,770.00 406.00
2016-06-30 3,360.00 1,806.00 332.00
2016-03-31 3,360.00 1,806.00 332.00
2015-12-31 3,187.00 1,569.00 66.00
2015-09-30 3,187.00 1,569.00 66.00
2015-06-30 3,133.00 1,805.00 48.00
2015-03-31 3,133.00 1,805.00 48.00
2014-12-31 2,894.00 1,741.00 56.00
2014-09-30 2,894.00 1,741.00 56.00
2014-06-30 2,905.00 1,801.00 50.00
2014-03-31 2,905.00 1,801.00 50.00
2013-12-31 2,846.00 1,745.00 130.00
2013-09-30 2,846.00 1,745.00 130.00
2013-06-30 2,764.00 1,929.00 85.00
2013-03-31 2,764.00 1,929.00 85.00
2012-12-31 2,873.00 1,918.00 61.00
2012-09-30 2,876.00 1,910.00 61.00
  • Mondi's level of debt (54.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (61.6% vs 54.5% today).
  • Debt is well covered by operating cash flow (67.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.7x coverage).
X
Financial health checks
We assess Mondi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mondi has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.82%
Current annual income from Mondi dividends. Estimated to be 4.09% next year.
If you bought £2,000 of Mondi shares you are expected to receive £76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mondi's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Mondi's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:MNDI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 4.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:MNDI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.86 1.00
2021-12-31 0.85 9.00
2020-12-31 0.81 12.00
2019-12-31 0.79 12.00
LSE:MNDI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.760 3.840
2018-03-02 0.620 2.848
2017-08-03 0.573 2.678
2017-02-23 0.570 2.485
2016-05-03 0.520 2.835
2015-08-06 0.432 2.373
2015-05-05 0.420 2.087
2014-08-07 0.397 2.719
2014-02-28 0.360 2.794
2013-08-08 0.287 2.349
2013-02-21 0.280 2.753
2012-08-07 0.267 3.310
2012-03-23 0.520 7.656
2012-02-23 0.520 7.286
2011-07-28 0.248 4.321
2011-02-21 0.200 2.958
2010-02-23 0.095 1.737
2009-08-05 0.050 1.363
2009-07-15 0.050 1.803
2009-02-26 0.127 6.451
2008-07-30 0.234 9.462

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Mondi's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Mondi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mondi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mondi has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mondi's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Oswald
COMPENSATION €5,794,596
AGE 57
TENURE AS CEO 2.2 years
CEO Bio

Mr. Peter Josef Oswald has been Chief Executive Officer of Mondi Limited and Mondi plc since May 11, 2017. Mr. Oswald has been Chief Executive Officer of The Mondi Group plc since May 11, 2017. Mr. Oswald has been the Chief Executive Officer of Mondi Packaging, Ltd. and Mondi AG since 2002. He has been the Chief Executive Officer of Packaging at Mondi Business Paper Holding AG since 2004. He serves as a Member of Management Board at Mondi Packaging, Ltd. and Mondi AG. He serves as the Chief Executive Officer of Europe & International at Mondi Consumer Packaging International AG. He serves as Chief Executive Officer of Europe & International Division at Open Joint Stock Company Mondi Syktyvkar at Mondi Group, Mondi Business Paper Syktyvkar OAO and Mondi Limited. He serves as Chief Executive Officer of Mondi Packaging (UK) Ltd. Mr. Oswald served as the Chief Executive Officer of Europe & International Division at The Mondi Group plc until May 11, 2017. He served as the Chief Executive Officer of Europe & International Division at Mondi Limited from January 2008 to May 11, 2017. Mr. Oswald has been an Executive Director of Mondi Limited, The Mondi Group plc and Mondi plc since January 1, 2008. He serves as an Executive Director of Mondi Business Paper Syktyvkar OAO and Open Joint Stock Company Mondi Syktyvkar. He served as the Chief Executive Officer of Packaging at Mondi Business Paper Holding and Mondi Limited since 2004. He joined the Frantschach Group in 1992, initially as head of internal audit. From 1986 to 1989, Mr. Oswald served as Managing Director of University Publishing House from 1990 to 1991 as Purchasing and Logistics Manager at KTM, Austria, from 1992 to 1993 as Corporate Controller at Frantschach, Austria and as Managing Director of Bates Cepro, Netherlands (Frantschach) since 1994. He served as the Chief Executive Officer of Frantschach Bags and Flexibles Division from 1995 to 2001 and Chief Executive Officer of Mondi Packaging Europe from 2002 to 2003. From 1995 to 2001, he served as General Manager of Frantschach Packaging Converting and Member of Management Board at Frantschach Packaging and also served as the Deputy Chief Executive Officer of Frantschach Group from 2000 to 2004. He has over 23 years’ experience of the sector with detailed knowledge of operations and extensive experience in the acquisition, disposal, restructuring and turnaround of businesses. Mr. Oswald began his career with Deutsche Bank and automotive company KTM. He serves as the President of respactaustrian business council for sustainable development. He serves as the Chairman of Confederation of European Paper Industries. He serves as Chairman of the Supervisory Board at Mondi Swiecie S.A. and Mondi Consumer Packaging International AG. He serves as Chairman of Mondi Packaging Ltd. He served as Vice Chairman of the Executive Board at Mondi Tire Kutsan Kagit ve Ambalaj Sanayi A.S. since September 03, 2007 and also served as its Member of The Executive Board. He served as the Chairman of Supervisory Board at OMV Aktiengesellschaft until May 18, 2016 and served as its Member of Supervisory Board from May 19, 2015 to March 18, 2016. He completed Internship at Deutsche Bank, Germany from 1989 to 1990. He served as a Member of Supervisory Board at Miba Aktiengesellschaft from June 27, 2014 to Junr 25, 2015. He served as a Member of Supervisory Board of Telekom Austria AG from May 20, 2008 to August 14, 2014. Mr. Oswald earned a Master of Business Administration from Business School, University of Vienna, Austria from 1981 to 1986 and a Master of Law from Law School, University of Vienna, Austria from 1981 to 1986.

CEO Compensation
  • Peter's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Peter's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Mondi management team in years:

2.2
Average Tenure
56
Average Age
  • The tenure for the Mondi management team is about average.
Management Team

Peter Oswald

TITLE
CEO & Executive Director
COMPENSATION
€6M
AGE
57
TENURE
2.2 yrs

Andrew Charles King

TITLE
CFO & Executive Director
COMPENSATION
€4M
AGE
49
TENURE
11.5 yrs

John Lindahl

TITLE
Group Technical & Sustainability Director
AGE
59
TENURE
7.9 yrs

Clara Valera

TITLE
Group Head of Strategy & Investor Relations

Sara Sizer

TITLE
Group Communication & Marketing Director
AGE
56
TENURE
1.8 yrs

Michael Hakes

TITLE
Group HR Director
AGE
54
TENURE
1.3 yrs

Philip Laubscher

TITLE
Company Secretary of Mondi Limited
AGE
63
TENURE
18.5 yrs

Thomas Ott

TITLE
Chief Operating Officer of Mondi Industrial Bags

Jürgen Schneider

TITLE
Managing Director of Personal Care Components

Georg Kasperkovitz

TITLE
Chief Executive Officer of Consumer Packaging
AGE
53
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Mondi board of directors in years:

4.9
Average Tenure
62
Average Age
  • The tenure for the Mondi board of directors is about average.
Board of Directors

David Williams

TITLE
Joint Chairman
COMPENSATION
€331K
AGE
73
TENURE
9.9 yrs

Fred Phaswana

TITLE
Joint Chairman
COMPENSATION
€333K
AGE
74
TENURE
6.1 yrs

Peter Oswald

TITLE
CEO & Executive Director
COMPENSATION
€6M
AGE
57
TENURE
11.5 yrs

Andrew Charles King

TITLE
CFO & Executive Director
COMPENSATION
€4M
AGE
49
TENURE
10.8 yrs

Tanya Fratto

TITLE
Independent Non-Executive Director
COMPENSATION
€112K
AGE
58
TENURE
2.5 yrs

Stephen Young

TITLE
Independent Non-Executive Director
COMPENSATION
€67K
AGE
63
TENURE
1.2 yrs

Stephen Harris

TITLE
Senior Independent Director
COMPENSATION
€110K
AGE
61
TENURE
1.2 yrs

Dominique J. Reiniche

TITLE
Independent Non-Executive Director
COMPENSATION
€109K
AGE
64
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
08. Mar 19 Sell Andrew Charles King Individual 07. Mar 19 07. Mar 19 -7,629 £17.91 £-136,641
08. Mar 19 Sell Peter Oswald Individual 07. Mar 19 07. Mar 19 -16,131 £17.91 £-288,917
14. Dec 18 Buy Peter Oswald Individual 14. Dec 18 14. Dec 18 5,000 £15.97 £79,850
X
Management checks
We assess Mondi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mondi has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why Mondi plc (LON:MNDI) Could Be Your Next Investment

LSE:MNDI Historical Dividend Yield, July 12th 2019 Next Steps: For Mondi, I've put together three fundamental aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for MNDI’s future growth? … Take a look at our free research report of analyst consensus for MNDI’s outlook. … The intrinsic value infographic in our free research report helps visualize whether MNDI is currently mispriced by the market.

Simply Wall St -

Where Mondi plc (LON:MNDI) Stands In Terms Of Earnings Growth Against Its Industry

Analyzing Mondi plc's (LON:MNDI) track record of past performance is a valuable exercise for investors. … View our latest analysis for Mondi Could MNDI beat the long-term trend and outperform its industry? … I suggest you continue to research Mondi to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for MNDI’s future growth?

Simply Wall St -

Mondi plc (LON:MNDI) Earns A Nice Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Mondi: 0.20 = €1.3b ÷ (€8.0b - €1.7b) (Based on the trailing twelve months to December 2018.) Therefore, Mondi has an ROCE of 20%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … What We Can Learn From Mondi's ROCE Low current liabilities and high ROCE is a good combination, making Mondi look quite interesting.

Simply Wall St -

Mondi (LON:MNDI) Shareholders Booked A 67% Gain In The Last Five Years

To wit, the Mondi share price has climbed 67% in five years, easily topping the market return of 3.5% (ignoring dividends). … Over half a decade, Mondi managed to grow its earnings per share at 16% a year. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return.

Simply Wall St -

What Should You Know About Mondi plc's (LON:MNDI) Future?

Looking at Mondi plc's (LON:MNDI) earnings update in December 2018, analyst consensus outlook appear cautiously subdued, with earnings expected to grow by 6.6% in the upcoming year relative to the higher past 5-year average growth rate of 12%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … LSE:MNDI Past and Future Earnings, June 19th 2019 By 2022, MNDI's earnings should reach €921m, from current levels of €824m, resulting in an annual growth rate of 3.6%.

Simply Wall St -

What does Mondi plc's (LON:MNDI) Balance Sheet Tell Us About Its Future?

See our latest analysis for Mondi Does MNDI Produce Much Cash Relative To Its Debt? … MNDI has built up its total debt levels in the last twelve months, from €1.6b to €2.3b , which includes long-term debt. … Moreover, MNDI has produced €1.4b in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 62%, signalling that MNDI’s debt is appropriately covered by operating cash.

Simply Wall St -

At UK£16.40, Is Mondi plc (LON:MNDI) Worth Looking At Closely?

I find that Mondi’s ratio of 10.91x is trading in-line with its industry peers’ ratio, which means if you buy Mondi today, you’d be paying a relatively fair price for it. … It seems like the market has already priced in MNDI’s positive outlook, with shares trading around its fair value. … Will you have enough confidence to invest in the company should the price drop below its fair value?

Simply Wall St -

Is Mondi plc (LON:MNDI) A Smart Choice For Dividend Investors?

Today we'll take a closer look at Mondi plc (LON:MNDI) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. With Mondi yielding 4.0% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. We'd guess that plenty of investors have purchased it for the income. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Dividend Volatility From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Mondi has grown its earnings per share at 16% per annum over the past five years. A company paying out less than a quarter of its earnings as dividends, and growing earnings at more than 10% per annum, looks to be right in the cusp of its growth phase. At the right price, we might be interested. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And Mondi (LON:MNDI) Passed With Ease

Check out our latest analysis for Mondi Mondi's Earnings Per Share Are Growing. … Although Mondi certainly looks good to me, I would like it more if insiders were buying up shares. … If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.

Simply Wall St -

What Kind Of Shareholders Own Mondi plc (LON:MNDI)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … Normally institutions would own a significant portion of a company this size.

Simply Wall St -

Company Info

Description

Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses. It serves the agriculture, automotive, building and construction, chemicals and dangerous goods, food and beverages, graphic and photographic, home and personal care, medical and pharmaceutical, office and professional printing, paper and packaging converting, pet care, retail and e-commerce, and shipping and transport industries. The company was founded in 1967 and is based in Addlestone, the United Kingdom.

Details
Name: Mondi plc
MNDI
Exchange: LSE
Founded: 1967
£8,711,706,705
484,387,362
Website: http://www.mondigroup.com
Address: Mondi plc
Building 1,
1st Floor,
Addlestone,
Surrey, KT15 2PG,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE MNDI PLC Ordinary Shares London Stock Exchange GB GBP 02. Jul 2007
OTCPK MOND.F PLC Ordinary Shares Pink Sheets LLC US USD 02. Jul 2007
DB KYC PLC Ordinary Shares Deutsche Boerse AG DE EUR 02. Jul 2007
JSE MNP PLC Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 02. Jul 2007
BATS-CHIXE MNDIL PLC Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jul 2007
OTCPK MOND.Y ADR EACH REPR 2 ORD Pink Sheets LLC US USD 25. Jun 2008
DB KYCA ADR EACH REPR 2 ORD Deutsche Boerse AG DE EUR 25. Jun 2008
Number of employees
Current staff
Staff numbers
26,176
Mondi employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 21:06
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/10
Last earnings filing: 2019/03/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.