Stock Analysis on Net
Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Mondelēz International Inc., ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net earnings attributable to Mondelēz International1 ÷ Total Mondelēz International shareholders’ equity1
Dec 31, 2024 = 100 × ÷
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Net Earnings Attributable to Mondelēz International
The net earnings demonstrate considerable variability over the observed period. Initial years showed relatively moderate earnings around 2,500 to 3,000 million USD, with a significant peak in 2015 reaching 7,267 million USD. Subsequent years exhibited fluctuations, with another notable increase in 2021 to 4,300 million USD, followed by a decrease and recovery trend towards 2024, ending at 4,611 million USD. The pattern suggests episodes of higher profitability interspersed with periods of decline.
Total Mondelēz International Shareholders' Equity
The shareholders’ equity followed a generally declining trend from 29,593 million USD in 2005 to a trough around 25,161 million USD in 2016. After 2016, it stabilized and showed minor fluctuations, maintaining values roughly between 25,000 and 28,000 million USD until 2024, finishing at 26,932 million USD. The data indicates a gradual erosion of equity in the first decade, with relative stabilization in the later period.
Return on Equity (ROE)
The ROE reveals considerable volatility, ranging from a low of 6.59% in 2016 to a peak of 25.94% in 2015. Early years generally stayed between approximately 8.9% and 13.1%. The notably high ROE in 2015 aligns with the large spike in net earnings that year, indicating exceptional profitability. After 2015, ROE rebounded to higher levels, with values consistently above 10%, peaking again in 2023 at 17.5%, then slightly tapering to 17.12% in 2024. This suggests an improved efficiency in generating returns on equity in the recent years compared to the mid-2000s.
Overall Trends and Insights
The company's profitability, as reflected in net earnings and ROE, shows significant peaks and troughs rather than steady growth, with remarkable gains around 2015 and another strong phase from 2020 onwards. Shareholders' equity decreased notably in the first decade but remained relatively stable afterward, implying potential capital management strategies or changes in retained earnings and dividend policies. The correlation between the spikes in earnings and ROE suggests episodic gains possibly influenced by non-recurring events or operational improvements. The recent consistent ROE above 10% signals a more stable and efficient utilization of equity capital in the last years of the data.

Comparison to Competitors

Mondelēz International Inc., ROE, long-term trends, comparison to competitors

Microsoft Excel
Mondelēz International Inc. Coca-Cola Co. PepsiCo Inc. Philip Morris International Inc.
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
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Dec 31, 2005

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Food, Beverage & Tobacco)

Mondelēz International Inc., ROE, long-term trends, comparison to sector (food, beverage & tobacco)

Microsoft Excel
Mondelēz International Inc. Food, Beverage & Tobacco
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
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Dec 31, 2018
Dec 31, 2017
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Dec 31, 2014
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Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Consumer Staples)

Mondelēz International Inc., ROE, long-term trends, comparison to industry (consumer staples)

Microsoft Excel
Mondelēz International Inc. Consumer Staples
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
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Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).