Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Mondelēz International Inc., historical price multiples (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Price to earnings (P/E) 22.49 20.87 19.80 23.78 25.50 33.07 26.93 22.33 21.13 21.64 19.22 21.14 22.62 22.33 24.91 23.66 19.74 21.72
Price to operating profit (P/OP) 14.35 18.81 17.68 22.16 25.48 25.43 21.64 19.09 19.85 20.00 18.62 20.54 19.98 20.60 21.56 24.21 19.89 21.87
Price to sales (P/S) 2.67 2.87 2.57 2.88 3.06 2.85 2.77 2.89 3.03 3.24 3.02 3.27 3.15 2.99 2.97 3.13 2.80 3.25
Price to book value (P/BV) 3.39 3.65 3.19 3.44 3.56 3.34 3.17 3.14 3.15 3.29 3.09 3.31 3.16 2.88 2.89 3.12 2.84 3.08 2.79 2.96 2.88

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Mondelēz International Inc. P/E ratio increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Mondelēz International Inc. P/OP ratio increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Mondelēz International Inc. P/S ratio increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Mondelēz International Inc. P/BV ratio increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.

Price to Earnings (P/E)

Mondelēz International Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,341,359,018 1,346,477,411 1,360,895,585 1,360,417,919 1,361,853,497 1,363,306,849 1,365,618,508 1,370,566,113 1,383,923,632 1,388,328,044 1,394,972,132 1,397,817,443 1,404,711,224 1,412,114,559 1,430,162,763 1,428,338,344 1,427,464,062 1,432,943,006 1,439,824,371 1,442,150,501 1,440,435,771
Selected Financial Data (US$)
Net earnings attributable to Mondelēz International (in millions) 1,412 950 984 944 2,081 583 532 747 855 1,003 1,258 1,078 961 1,156 1,119 544 736 726 1,423 807 914
Earnings per share (EPS)2 3.20 3.68 3.37 3.04 2.90 1.99 2.30 2.82 3.03 3.10 3.19 3.09 2.69 2.52 2.19 2.40 2.59 2.70 0.00 0.00 0.00
Share price1, 3 71.94 76.87 66.82 72.36 73.82 65.91 61.87 62.94 64.04 67.02 61.36 65.23 60.88 56.21 54.42 56.79 51.05 58.66 52.03 53.49 51.64
Valuation Ratio
P/E ratio4 22.49 20.87 19.80 23.78 25.50 33.07 26.93 22.33 21.13 21.64 19.22 21.14 22.62 22.33 24.91 23.66 19.74 21.72
Benchmarks
P/E Ratio, Competitors5
Altria Group Inc. 8.83 8.87 7.93 11.76 15.06 14.42 17.33 45.23 33.20 37.80 29.51 19.72 19.88 18.14 91.35
Coca-Cola Co. 24.76 24.43 22.33 25.69 27.85 27.12 25.88 28.47 27.84 27.63 27.47 30.49 32.01 27.91 26.14 22.66 19.48 28.21
PepsiCo Inc. 25.63 25.40 27.27 32.68 39.71 26.71 24.02 25.33 23.57 30.58 25.66 25.76 26.23 26.15 27.64 27.27 26.13 27.83

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2024 Calculation
EPS = (Net earnings attributable to Mondelēz InternationalQ1 2024 + Net earnings attributable to Mondelēz InternationalQ4 2023 + Net earnings attributable to Mondelēz InternationalQ3 2023 + Net earnings attributable to Mondelēz InternationalQ2 2023) ÷ No. shares of common stock outstanding
= (1,412,000,000 + 950,000,000 + 984,000,000 + 944,000,000) ÷ 1,341,359,018 = 3.20

3 Closing price as at the filing date of Mondelēz International Inc. Quarterly or Annual Report.

4 Q1 2024 Calculation
P/E ratio = Share price ÷ EPS
= 71.94 ÷ 3.20 = 22.49

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Mondelēz International Inc. P/E ratio increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Price to Operating Profit (P/OP)

Mondelēz International Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,341,359,018 1,346,477,411 1,360,895,585 1,360,417,919 1,361,853,497 1,363,306,849 1,365,618,508 1,370,566,113 1,383,923,632 1,388,328,044 1,394,972,132 1,397,817,443 1,404,711,224 1,412,114,559 1,430,162,763 1,428,338,344 1,427,464,062 1,432,943,006 1,439,824,371 1,442,150,501 1,440,435,771
Selected Financial Data (US$)
Operating income (in millions) 2,727 1,193 1,379 1,425 1,505 834 679 927 1,094 1,204 1,294 872 1,283 1,149 1,135 713 856 906 876 1,025 1,036
Operating profit per share2 5.01 4.09 3.78 3.27 2.90 2.59 2.86 3.30 3.23 3.35 3.30 3.18 3.05 2.73 2.52 2.35 2.57 2.68 0.00 0.00 0.00
Share price1, 3 71.94 76.87 66.82 72.36 73.82 65.91 61.87 62.94 64.04 67.02 61.36 65.23 60.88 56.21 54.42 56.79 51.05 58.66 52.03 53.49 51.64
Valuation Ratio
P/OP ratio4 14.35 18.81 17.68 22.16 25.48 25.43 21.64 19.09 19.85 20.00 18.62 20.54 19.98 20.60 21.56 24.21 19.89 21.87
Benchmarks
P/OP Ratio, Competitors5
Altria Group Inc. 6.52 6.25 6.00 6.92 7.14 6.97 6.88 6.79 8.50 8.09 7.18 7.71 7.68 7.45 6.26 7.36 7.00 7.65
Coca-Cola Co. 26.48 23.14 21.65 24.70 25.28 23.72 24.45 26.41 26.11 26.19 22.06 23.74 24.74 24.03 24.68 23.08 19.45 24.95
PepsiCo Inc. 19.50 19.23 20.33 24.69 29.45 20.67 17.60 17.90 16.97 20.87 18.28 18.75 18.78 18.47 19.55 19.07 18.53 19.78

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2024 Calculation
Operating profit per share = (Operating incomeQ1 2024 + Operating incomeQ4 2023 + Operating incomeQ3 2023 + Operating incomeQ2 2023) ÷ No. shares of common stock outstanding
= (2,727,000,000 + 1,193,000,000 + 1,379,000,000 + 1,425,000,000) ÷ 1,341,359,018 = 5.01

3 Closing price as at the filing date of Mondelēz International Inc. Quarterly or Annual Report.

4 Q1 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 71.94 ÷ 5.01 = 14.35

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Mondelēz International Inc. P/OP ratio increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.

Price to Sales (P/S)

Mondelēz International Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,341,359,018 1,346,477,411 1,360,895,585 1,360,417,919 1,361,853,497 1,363,306,849 1,365,618,508 1,370,566,113 1,383,923,632 1,388,328,044 1,394,972,132 1,397,817,443 1,404,711,224 1,412,114,559 1,430,162,763 1,428,338,344 1,427,464,062 1,432,943,006 1,439,824,371 1,442,150,501 1,440,435,771
Selected Financial Data (US$)
Net revenues (in millions) 9,290 9,314 9,029 8,507 9,166 8,695 7,763 7,274 7,764 7,658 7,182 6,642 7,238 7,298 6,665 5,911 6,707 6,913 6,355 6,062 6,538
Sales per share2 26.94 26.75 26.01 25.09 24.16 23.10 22.30 21.80 21.13 20.69 20.33 19.92 19.30 18.82 18.32 18.12 18.24 18.05 0.00 0.00 0.00
Share price1, 3 71.94 76.87 66.82 72.36 73.82 65.91 61.87 62.94 64.04 67.02 61.36 65.23 60.88 56.21 54.42 56.79 51.05 58.66 52.03 53.49 51.64
Valuation Ratio
P/S ratio4 2.67 2.87 2.57 2.88 3.06 2.85 2.77 2.89 3.03 3.24 3.02 3.27 3.15 2.99 2.97 3.13 2.80 3.25
Benchmarks
P/S Ratio, Competitors5
Altria Group Inc. 3.07 2.95 2.82 3.22 3.38 3.31 3.23 3.11 3.86 3.60 3.14 3.39 3.34 3.10 2.59 3.02 2.82 3.14
Coca-Cola Co. 5.80 5.72 5.34 6.12 6.32 6.02 6.07 6.59 7.15 6.99 6.40 6.76 6.91 6.55 6.51 6.07 5.25 6.75
PepsiCo Inc. 2.56 2.52 2.47 2.86 2.97 2.75 2.79 2.86 2.96 2.93 2.72 2.83 2.76 2.65 2.84 2.76 2.78 3.03

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2024 Calculation
Sales per share = (Net revenuesQ1 2024 + Net revenuesQ4 2023 + Net revenuesQ3 2023 + Net revenuesQ2 2023) ÷ No. shares of common stock outstanding
= (9,290,000,000 + 9,314,000,000 + 9,029,000,000 + 8,507,000,000) ÷ 1,341,359,018 = 26.94

3 Closing price as at the filing date of Mondelēz International Inc. Quarterly or Annual Report.

4 Q1 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 71.94 ÷ 26.94 = 2.67

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Mondelēz International Inc. P/S ratio increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.

Price to Book Value (P/BV)

Mondelēz International Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,341,359,018 1,346,477,411 1,360,895,585 1,360,417,919 1,361,853,497 1,363,306,849 1,365,618,508 1,370,566,113 1,383,923,632 1,388,328,044 1,394,972,132 1,397,817,443 1,404,711,224 1,412,114,559 1,430,162,763 1,428,338,344 1,427,464,062 1,432,943,006 1,439,824,371 1,442,150,501 1,440,435,771
Selected Financial Data (US$)
Total Mondelēz International shareholders’ equity (in millions) 28,482 28,332 28,535 28,647 28,228 26,883 26,641 27,511 28,161 28,269 27,698 27,543 27,075 27,578 26,943 26,018 25,674 27,275 26,806 26,093 25,828
Book value per share (BVPS)2 21.23 21.04 20.97 21.06 20.73 19.72 19.51 20.07 20.35 20.36 19.86 19.70 19.27 19.53 18.84 18.22 17.99 19.03 18.62 18.09 17.93
Share price1, 3 71.94 76.87 66.82 72.36 73.82 65.91 61.87 62.94 64.04 67.02 61.36 65.23 60.88 56.21 54.42 56.79 51.05 58.66 52.03 53.49 51.64
Valuation Ratio
P/BV ratio4 3.39 3.65 3.19 3.44 3.56 3.34 3.17 3.14 3.15 3.29 3.09 3.31 3.16 2.88 2.89 3.12 2.84 3.08 2.79 2.96 2.88
Benchmarks
P/BV Ratio, Competitors5
Altria Group Inc. 27.52 29.61 28.54 21.36 13.59 11.15 12.69 7.93 6.26 6.83
Coca-Cola Co. 10.10 10.09 9.14 10.38 10.90 10.73 11.26 11.85 11.55 11.74 10.91 11.07 11.35 11.20 11.70 11.91 10.75 13.26 12.50 12.48 11.51
PepsiCo Inc. 12.36 12.45 12.02 14.60 15.34 13.88 12.30 12.61 13.16 14.52 13.16 13.82 14.10 13.84 14.43 14.95 14.05 13.76 13.61 13.20 12.54

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2024 Calculation
BVPS = Total Mondelēz International shareholders’ equity ÷ No. shares of common stock outstanding
= 28,482,000,000 ÷ 1,341,359,018 = 21.23

3 Closing price as at the filing date of Mondelēz International Inc. Quarterly or Annual Report.

4 Q1 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 71.94 ÷ 21.23 = 3.39

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Mondelēz International Inc. P/BV ratio increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.