Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Common Stock Valuation Ratios (Price Multiples) 

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Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Current Valuation Ratios

Mondelēz International Inc., current price multiples

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Mondelēz International Inc. Coca-Cola Co. PepsiCo Inc. Food, Beverage & Tobacco Consumer Staples
Selected Financial Data
Current share price (P) $72.37
No. shares of common stock outstanding 1,346,477,411
Growth rate (g) 7.60%
 
Earnings per share (EPS) $3.68
Next year expected EPS $3.96
Operating profit per share $4.09
Sales per share $26.75
Book value per share (BVPS) $21.04
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 19.65 23.96 24.93 23.45 30.62
Price to next year expected earnings 18.26 22.02 22.12 21.50 28.06
Price-earnings-growth (PEG) 2.58 2.72 1.96 2.58 3.36
Price to operating profit (P/OP) 17.71 22.70 18.87 20.15 23.11
Price to sales (P/S) 2.71 5.61 2.47 3.35 1.52
Price to book value (P/BV) 3.44 9.90 12.23 7.97 7.88

Based on: 10-K (reporting date: 2023-12-31).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Mondelēz International Inc., historical price multiples

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Price to earnings (P/E) 20.87 33.07 21.64 22.33 21.72
Price to operating profit (P/OP) 18.81 25.43 20.00 20.60 21.87
Price to sales (P/S) 2.87 2.85 3.24 2.99 3.25
Price to book value (P/BV) 3.65 3.34 3.29 2.88 3.08

Based on: 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).

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 2021 to 2022 but then decreased significantly from 2022 to 2023.
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 2021 to 2022 but then decreased significantly from 2022 to 2023.
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 decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.

Price to Earnings (P/E)

Mondelēz International Inc., historical P/E calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 1,346,477,411 1,363,306,849 1,388,328,044 1,412,114,559 1,432,943,006
Selected Financial Data (US$)
Net earnings attributable to Mondelēz International (in millions) 4,959 2,717 4,300 3,555 3,870
Earnings per share (EPS)2 3.68 1.99 3.10 2.52 2.70
Share price1, 3 76.87 65.91 67.02 56.21 58.66
Valuation Ratio
P/E ratio4 20.87 33.07 21.64 22.33 21.72
Benchmarks
P/E Ratio, Competitors5
Coca-Cola Co. 24.43 27.12 27.63 27.91 28.21
PepsiCo Inc. 25.40 26.71 30.58 26.15 27.83
P/E Ratio, Sector
Food, Beverage & Tobacco 24.07 27.71 27.48 26.15 26.82
P/E Ratio, Industry
Consumer Staples 27.78 26.49 27.26 25.26 34.44

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
EPS = Net earnings attributable to Mondelēz International ÷ No. shares of common stock outstanding
= 4,959,000,000 ÷ 1,346,477,411 = 3.68

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

4 2023 Calculation
P/E ratio = Share price ÷ EPS
= 76.87 ÷ 3.68 = 20.87

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 2021 to 2022 but then decreased significantly from 2022 to 2023.

Price to Operating Profit (P/OP)

Mondelēz International Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 1,346,477,411 1,363,306,849 1,388,328,044 1,412,114,559 1,432,943,006
Selected Financial Data (US$)
Operating income (in millions) 5,502 3,534 4,653 3,853 3,843
Operating profit per share2 4.09 2.59 3.35 2.73 2.68
Share price1, 3 76.87 65.91 67.02 56.21 58.66
Valuation Ratio
P/OP ratio4 18.81 25.43 20.00 20.60 21.87
Benchmarks
P/OP Ratio, Competitors5
Coca-Cola Co. 23.14 23.72 26.19 24.03 24.95
PepsiCo Inc. 19.23 20.67 20.87 18.47 19.78
P/OP Ratio, Sector
Food, Beverage & Tobacco 20.69 22.60 22.81 21.01 22.26
P/OP Ratio, Industry
Consumer Staples 20.97 19.03 20.00 19.45 21.06

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= 5,502,000,000 ÷ 1,346,477,411 = 4.09

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

4 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 76.87 ÷ 4.09 = 18.81

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 2021 to 2022 but then decreased significantly from 2022 to 2023.

Price to Sales (P/S)

Mondelēz International Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 1,346,477,411 1,363,306,849 1,388,328,044 1,412,114,559 1,432,943,006
Selected Financial Data (US$)
Net revenues (in millions) 36,016 31,496 28,720 26,581 25,868
Sales per share2 26.75 23.10 20.69 18.82 18.05
Share price1, 3 76.87 65.91 67.02 56.21 58.66
Valuation Ratio
P/S ratio4 2.87 2.85 3.24 2.99 3.25
Benchmarks
P/S Ratio, Competitors5
Coca-Cola Co. 5.72 6.02 6.99 6.55 6.75
PepsiCo Inc. 2.52 2.75 2.93 2.65 3.03
P/S Ratio, Sector
Food, Beverage & Tobacco 3.44 3.65 4.06 3.71 4.14
P/S Ratio, Industry
Consumer Staples 1.38 1.45 1.50 1.40 1.37

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
Sales per share = Net revenues ÷ No. shares of common stock outstanding
= 36,016,000,000 ÷ 1,346,477,411 = 26.75

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

4 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 76.87 ÷ 26.75 = 2.87

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 decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Price to Book Value (P/BV)

Mondelēz International Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 1,346,477,411 1,363,306,849 1,388,328,044 1,412,114,559 1,432,943,006
Selected Financial Data (US$)
Total Mondelēz International shareholders’ equity (in millions) 28,332 26,883 28,269 27,578 27,275
Book value per share (BVPS)2 21.04 19.72 20.36 19.53 19.03
Share price1, 3 76.87 65.91 67.02 56.21 58.66
Valuation Ratio
P/BV ratio4 3.65 3.34 3.29 2.88 3.08
Benchmarks
P/BV Ratio, Competitors5
Coca-Cola Co. 10.09 10.73 11.74 11.20 13.26
PepsiCo Inc. 12.45 13.88 14.52 13.84 13.76
P/BV Ratio, Sector
Food, Beverage & Tobacco 8.19 8.61 8.85 7.99 8.83
P/BV Ratio, Industry
Consumer Staples 7.15 7.11 7.05 6.37 6.15

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
BVPS = Total Mondelēz International shareholders’ equity ÷ No. shares of common stock outstanding
= 28,332,000,000 ÷ 1,346,477,411 = 21.04

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

4 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 76.87 ÷ 21.04 = 3.65

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 2021 to 2022 and from 2022 to 2023.