MNDI.L

Mondi plc

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, and Australia. The company operates through Corrugated Packaging, and Flexible Packaging segments. The Corr… Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, and Australia. The company operates through Corrugated Packaging, and Flexible Packaging segments. The Corrugated Packaging segment provides virgin and recycled containerboards for fresh fruit packaging and heavy and fragile goods transport packaging applications; and corrugated solutions, such as corrugated boxes and packaging products. The Flexible Packaging segment offers sack kraft paper, paper bags, specialty kraft paper, consumer flexibles, and functional paper and films. The Uncoated Fine Paper segment provides uncoated fine paper, including home, office, converting, and professional printing papers; and market pulp. The company was incorporated in 2007 and is based in Weybridge, the United Kingdom.
Market price
GBP 7.76
Undervalued by 102.7%
Base value (EV/EBITDA (12x)) is 102.7% above the market price
Data: Price updated 06 Nov 2026 14:48; FY2025, period ended 31 Dec 2025 from EODHD (downloaded 14 min ago).
Verdict

Looks undervalued

PriceGBP 7.76
Fair value range12.29–19.17base 15.73
Estimate reliabilityLow
5-year outlook–

5-year outlook: Not shown because confidence is low: Earnings-based DCF agrees.

Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.

Details and the full model are below.

EV/EBITDA (12x)

Market price below modeled range

Showing the EV/EBITDA (12x) you selected on the company card, using 4.68% growth, 2.6% terminal growth and 9.8% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.

Assumptions: growth 4.68%, discount rate 9.80%, terminal growth 2.60% (sector defaults). See a worked example.

Blended growth assumption: 4.7% (sector default 5.8%, own revenue history 2.4%, analyst revenue consensus 5.3%).

Analyst consensus expects revenue growth of 5.3% a year; the growth assumption used is 4.7%.

Adjust assumptions

Show the recommended model instead

Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.

Compare models
  • Recommended: Dividend discount model — GBP 2.04 (-73.7%)
  • EPS-based Gordon proxy — GBP 4.45 (-42.6%)
    Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
  • DCF (trailing free cash flow) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • FCFF (steady state) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • EV/EBITDA (12x) — GBP 15.73 (+102.7%)
    Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
  • Fade DCF (10-year growth fade) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • EV/Sales (Rule of 40) — GBP 43.06 (+454.9%)
    Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
Illustrative range / share GBP 12.29–19.17
Base scenario / share GBP 15.73
Margin of safety (share of value) Cheap even in the bear case
Bear GBP 12.2936.9%
Base GBP 15.7350.7%
Bull GBP 19.1759.5%

Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.

Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.

Price history and fair value

No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.

More detail: quality, peers, price history, dividends and financials

Quality score: 64 / 100

Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.

Profitability4 of 5 years profitable16 / 20
Cash generationfree cash flow positive in 4 of 5 years16 / 20
Growthrevenue +2.4% a year12 / 20
Balance sheetnet debt 2.8x EBITDA10 / 20
MarginsEBITDA margin 12%10 / 20

Peers in Materials

Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.

CompanyPriceMargin of safetyP/EP/BYieldQuality
MNDI.L (this company) GBP 7.76 -280.8% 24.8 0.9 1.8% 64
MT.AS ArcelorMittal S.A. EUR 54.26 41.2% 25.6 0.8 1.1% 70
CF CF Industries USD 117.79 -2.3% 8.2 2.0 2.2% 84
HOLN.SW Holcim AG CHF 72.98 -7.2% 3.1 – 4.2% 74
UPM.HE UPM-Kymmene Oyj EUR 22.37 -10.4% 17.1 1.2 6.7% 70
AMCR Amcor USD 44.22 -16.6% 18.9 0.6 6.0% 90
YAR.OL Yara International ASA NOK 396.60 -16.9% 7.6 1.2 1.2% 74
MOS Mosaic Company (The) USD 21.96 -33.2% 13.0 – 4.0% 79
VSVS.L Vesuvius plc GBP 4.49 -36.1% 21.5 1.0 5.2% 68
Peer median 15.0 1.1

Dividends

Paid in the last 12 months: GBP 0.00 per share · yield 0.02% at the current price.

YearDividends per share
2026 (so far)0.001
20250.006
20240.020
20230.007
20220.006
20210.006
Sector Materials
Exchange London Stock Exchange
Currency GBP

Annual financial statement

Saved annual report · Fiscal year 2025 · EODHD annual statements · period ended 31 Dec 2025

RevenueGBP 6,394,726,928
EBITDAGBP 757,720,482
EBITGBP 337,970,039
Net incomeGBP 137,691,497
Free cash flowGBP 177,815,609
Capital expendituresGBP 592,445,563
DebtGBP 2,405,011,485
CashGBP 247,312,264
Working capitalGBP 816,297,580
Shares outstanding440,800,000
Reported dividends per shareGBP 0.1430