Mondi PLC MONDY

MaterialsContainers & PackagingUnited Kingdom

Last close 20.32 USD on Nov 1, 2026, −16.6% year to date

Quant rating

Quant rating D Rank 177 of 220 in Materials

Growth D 159 of 220
Valuation C 94 of 220
Quality D 200 of 220
Revisions D 173 of 220
Momentum C 133 of 220

Wall Street consensus Hold (3.50)Average target 20.46 USD +0.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.5B
Enterprise value: 8.0B
52-week range: 17.87 – 26.80
3-year range: 17.87 – 41.40
Dividend yield: 1.63%
Beta (5 years): 0.68
Shares outstanding: 441M
Next earnings: Feb 17, 2027

About the company

Mondi plc is a United Kingdom-based company, which makes packaging and paper solutions that are sustainable by design. The Company's segments include Corrugated Packaging, Flexible Packaging and Uncoated Fine Paper. The Corrugated Packaging segment's products include containerboard and corrugated solutions. The Flexible Packaging segment's products include kraft paper, paper bags, consumer flexibles, functional paper and films, and pulp. The Uncoated Fine Paper segment's products include Uncoated fine paper and Pulp. The Company offers its customers a range of sustainable packaging and paper products across several end-markets, such as consumer and retail, building and construction, industrial and agriculture, and paper for printing. The Company's converted corrugated solutions and flexible packaging products are predominantly delivered to customers regionally, while the majority of its pulp, containerboard, kraft paper and uncoated fine paper is sold globally.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	9,000	7,678	8,089	9,527	7,928	–
Revenue growth	17.2%	−5.1%	−15.1%	20.2%	−2.6%	2.0%
EPS (basic, normalized)	1.33	1.28	–	5.83	–	–
EPS growth	4.2%	–	–	–	–	–
Gross margin	40.5%	41.5%	37.4%	38.6%	39.6%	39.5%
Net margin	1.9%	2.9%	6.8%	13.4%	7.8%	6.5%
ROE	3.0%	4.1%	8.7%	23.1%	12.7%	10.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	9,000	+17.2%	0.9x	1,178	+9.7%	6.8x	1.33	+4.2%	15.3x
2026	8,309	−7.7%	1.0x	832	−29.4%	9.6x	0.40	−69.7%	50.5x
2027	8,800	+5.9%	0.9x	1,063	+27.8%	7.5x	0.90	+123.3%	22.6x
2028	9,673	+9.9%	0.8x	1,226	+15.3%	6.5x	1.60	+77.6%	12.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	8,309	+0.7%	+0.7%	+9.3%	0.40	−34.1%	−34.1%	+10.5%
2027	8,800	+1.8%	+1.8%	+7.1%	0.90	−18.1%	−18.1%	+3.0%
2028	9,673	+3.4%	+3.4%	–	1.60	−16.0%	−16.0%	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Containers & Packaging

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
MONDY Mondi PLC	4.5B	–	1.9%	0.89x	50.5x	22.6x	9.6x	7.5x
SW Smurfit WestRock PLC	22.6B	2.70x	2.2%	1.26x	21.2x	13.2x	7.5x	6.2x
STERV Stora Enso Oyj	8.4B	1.92x	7.5%	0.64x	21.2x	13.4x	7.9x	6.8x
SIGNC SIG Group AG	6.7B	–	−2.7%	2.08x	20.2x	19.2x	10.2x	9.7x
Mean		2.31x	2.2%	1.22x	28.3x	17.1x	8.8x	7.5x
Median		2.31x	2.1%	1.07x	21.2x	16.3x	8.8x	7.1x

Technical analysis

1M−6.4%
3M−2.0%
1Y−10.7%
3Y−20.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Mondi PLC, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	9,000	7,678	8,089	9,527	7,928	8,138
Cost of revenue	5,351	4,494	5,064	5,853	4,786	4,492
Gross profit	3,649	3,184	3,025	3,674	3,142	3,646
Selling, general & administrative expenses	2,087	1,711	1,612	1,523	1,538	1,706
Research & development	–	–	–	–	–	–
Depreciation/amortization	592	459	454	433	426	523
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	135	160	33.1	−277	−8.0	69.6
Other operating expenses	386	386	87.2	173	289	287
Operating income	449	467	839	1,821	897	1,060
Net interest income (expense)	−123	−66.3	−77.3	−146	−83.0	−112
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−9.4	−9.3	−8.8	−6.4	−4.5	−7.3
Net income before taxes	316	391	753	1,670	809	940
Provision for taxes	107	121	184	317	175	220
Minority interest	−37.6	−45.6	−21.0	−78.1	−19.3	−24.4
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	171	225	547	1,275	615	696
Extraordinary items	22.3	1.0	−716	279	244	14.7
Net income	194	226	−169	1,554	859	711
EBIT, normalized	585	650	872	1,544	889	1,130
EBITDA, normalized	1,176	1,109	1,322	1,997	1,311	1,652
Basic EPS, normalized	1.33	1.28	–	5.83	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Mondi PLC, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	343	288	1,757	1,142	538	467
Receivables	1,540	1,343	1,399	1,510	1,493	1,209
Total inventory	1,425	1,236	1,158	1,454	1,249	1,037
Prepaid expenses	–	–	–	49.2	36.4	33.0
Other current assets	4.7	10.4	15.5	1,483	4.5	14.7
Total current assets	3,312	2,877	4,329	5,639	3,321	2,760
Property, plant & equipment	7,355	5,863	5,670	4,979	5,932	6,122
Goodwill	1,049	794	844	823	1,053	1,127
Intangibles	129	72.5	75.0	68.5	86.4	85.5
Long-term investments	41.1	35.2	39.7	46.0	56.8	50.1
Note receivable	–	–	–	–	–	–
Other long-term assets	28.2	29.0	37.5	53.5	79.6	73.3
Total assets	11,914	9,671	10,996	11,609	10,528	10,219
Liabilities
Accounts payable	–	–	–	941	936	670
Payable/accrued	1,604	1,326	1,345	–	–	–
Accrued expenses	–	–	–	559	557	502
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	404	65.2	617	109	141	156
Other current liabilities	156	146	114	314	339	369
Total current liabilities	2,165	1,537	2,076	1,922	1,972	1,698
Long-term debt	2,981	2,021	1,611	2,108	2,392	2,504
Minority interest	556	510	487	492	444	464
Other liabilities	661	574	582	885	606	666
Total liabilities	6,362	4,642	4,755	5,408	5,415	5,331
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	114	100	107	104	110	118
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	5,992	5,421	6,725	7,032	6,169	6,059
Treasury stock	−18.8	−20.7	−18.8	−17.1	−20.5	−22.0
Other equity	−536	−472	−573	−918	−1,146	−1,268
Total equity	5,552	5,028	6,241	6,201	5,113	4,888
Total liabilities & shareholders' equity	11,914	9,671	10,996	11,609	10,528	10,219

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Mondi PLC, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	316	391	753	1,670	1,117	940
Depreciation, depletion & amortization	591	459	450	422	499	523
Deferred taxes	–	–	–	–	–	–
Non-cash items	255	266	238	115	139	197
Changes in working capital	−3.5	−235	58.5	−656	−448	−50.1
Cash from operations	1,158	881	1,500	1,550	1,307	1,610
Investing activities
Capital expenditures	−869	−1,029	−987	−609	−722	−844
Other investing cash flows	−541	60.0	455	643	−39.8	19.5
Cash from investing	−1,411	−969	−532	34.2	−762	−824
Financing activities
Financing cash flow items	−198	−97.3	−164	−172	−113	−28.1
Cash dividends paid	−358	−1,119	−381	−344	−339	−289
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	844	−52.8	−51.9	−96.3	28.4	−9.8
Cash from financing	288	−1,269	−597	−612	−423	−327
Foreign exchange effects	−9.4	−12.4	−138	19.3	−1.1	−24.4
Net change in cash	25.8	−1,370	233	991	122	434
Free cash flow	289	−148	513	941	585	766

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.