Mondelez International MDLZ
Mondelez International is a multinational snack company that manufactures and markets biscuits, chocolates, and baked snacks, with iconic brands such as Oreo, Cadbury, and Toblerone, sold in more than 150 countries. Mondelez presents a solid defensive profile with an operating margin of 21.98% and an ROIC of 17.84%, but its high debt (ND/EBITDA 3.35) and unsustainable 144.9% earnings growth temper its appeal. Valuation is reasonable (P/E 22.07) for the quality of the business.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Mondelez International is a multinational snack company that manufactures and markets biscuits, chocolates, and baked snacks, with iconic brands such as Oreo, Cadbury, and Toblerone, sold in more than 150 countries. Mondelez presents a solid defensive profile with an operating margin of 21.98% and an ROIC of 17.84%, but its high debt (ND/EBITDA 3.35) and unsustainable 144.9% earnings growth temper its appeal. Valuation is reasonable (P/E 22.07) for the quality of the business.
Score by category
| Category | Score |
|---|---|
| Financial health | 4.8 |
| Quality / Moat | 5.8 |
| Valuation | 5.2 |
| Growth | 7.0 |
| Dividend | 6.9 |
| Momentum | 5.1 |
| Risk & Context | 8.2 |
OVERALL SCORE: 6.0/10
Context and risks
The sharp rise in crude oil and geopolitical tension in the Middle East increase transport and energy costs for a global snack multinational. However, the impact is moderate given its high operating margin (21.98%) and pricing power in iconic brands.
News considered in the analysis
- Halloween Spending Expected to Set Record. Bargain-Hunting Dominates. — Un gasto récord en Halloween, una categoría clave para Mondelez, apunta a un impulso estacional en las ventas de chocolate y galletas, aunque el énfasis en la búsqueda de gangas podría presionar el mix de precios.
- Hershey vs. Mondelez: Same Cocoa Problem, Two Very Different Dividends — El artículo destaca el problema compartido del alto coste del cacao, que presiona los márgenes de Mondelez. Aunque la compañía tiene un dividendo más sostenible que Hershey, el riesgo de costes de la materia prima sigue siendo un lastre.
- My Forever Portfolio: 4 Undervalued Stocks to Buy Now and Hold Forever — Listículo genérico de selección de valores sin información nueva específica sobre la empresa.
- 6 food manufacturers talk supply chain tactics — Artículo de carácter general sobre tácticas de cadena de suministro en la industria alimentaria, sin detalles materiales sobre los resultados o la estrategia de Mondelez.
- Is Mondelez (MDLZ) Quietly Rewiring Its Supply Chain Strategy Through Canadian Farms And Toblerone? — La posible reconfiguración de la cadena de suministro, incluyendo la integración de granjas canadienses, podría ser una respuesta estratégica para mitigar la volatilidad de los costes de las materias primas y asegurar el suministro, un factor positivo a medio plazo.
Verdict: Hold. The quality of the business and the dividend (3.45%) provide support, but debt and the normalization of earnings growth limit the upside potential in the short term.
Main risk: The main risk is the high debt (ND/EBITDA 3.35) in a high interest rate environment, which could pressure financial health and limit flexibility to invest in growth or maintain the dividend if the cost environment (cocoa, energy) deteriorates.
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