Explain this page
Arphra AIPlain-English read on Mondelez International, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
CMixed
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin28.0%
Operating margin9.4%
Net margin6.4%
ROE9.5%
ROA3.4%
ROIC6.0%
Liquidity & leverage
Current ratio0.59×
Quick ratio0.39×
Debt / equity0.87×
Net debt / EBITDA4.36×
Interest coverage13×
Efficiency & per-share
Asset turnover0.54×
Inventory days58
Days sales out.46
FCF / share$2.49
Book value / share$19.95
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $80.1B | $69.66B | — | — | — | — |
| Enterprise value | — | — | — | $97.12B | $89.93B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 2.67 | 2.33 | — | — | — | — |
| EV / FCF | — | — | — | 27.57 | 27.80 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +5.76% | +3.52% | — | — | — | — |
| Free cash flow yield | — | — | — | +4.40% | +4.64% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +39.19% | +35.92% | +38.22% | +39.12% | +28.01% | +34.52% | +34.23% | +34.42% | +34.90% |
| Operating margin | +16.20% | +11.22% | +15.28% | +17.41% | +9.39% | +13.66% | +14.23% | +14.00% | +14.05% |
| EBITDA margin | +20.36% | +15.12% | +21.23% | +22.15% | +12.08% | +18.00% | +18.25% | +18.05% | +18.82% |
| EBIT margin | +16.48% | +11.61% | +17.85% | +18.58% | +8.55% | +15.33% | +15.03% | +15.22% | +15.38% |
| Pre-tax margin | +19.16% | +11.40% | +18.06% | +16.72% | +8.43% | +14.38% | +14.46% | +13.98% | +14.30% |
| Net margin | +14.97% | +8.63% | +13.77% | +12.65% | +6.36% | +10.73% | +11.10% | +11.14% | +10.80% |
| Cost structure | |||||||||
| Cost of revenue / sales | +60.81% | +64.08% | +61.78% | +60.88% | +71.99% | +65.63% | +64.90% | +65.05% | +63.13% |
| R&D intensity | +1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +21.81% | +23.44% | +22.22% | +20.41% | +18.61% | +20.16% | +20.82% | +19.97% | +21.00% |
| Effective tax rate | +21.62% | +24.09% | +23.63% | +24.11% | +24.08% | +24.16% | +23.70% | +24.23% | +23.79% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +15.18% | +10.09% | +17.48% | +17.10% | +9.47% | +14.30% | +15.36% | +15.26% | +14.38% |
| Return on assets (ROA) | +6.41% | +3.82% | +6.95% | +6.73% | +3.43% | +5.78% | +5.91% | +6.00% | +5.84% |
| Return on capital (ROC) | +9.63% | +7.00% | +11.39% | +14.00% | +7.50% | +10.45% | +11.15% | +11.05% | +10.94% |
| Return on invested capital (ROIC) | +8.90% | +5.38% | +10.26% | +10.17% | +5.08% | +8.21% | +8.70% | +8.79% | +8.41% |
| Asset turnover | +42.81% | +44.26% | +50.45% | +53.20% | +53.91% | +53.91% | +53.24% | +53.86% | +54.05% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +14.97% | +8.63% | +13.77% | +12.65% | +6.36% | +10.73% | +11.10% | +11.14% | +10.80% |
| Asset turnover (× revenue / assets) | +42.81% | +44.26% | +50.45% | +53.20% | +53.91% | +53.91% | +53.24% | +53.86% | +54.05% |
| Equity multiplier (× assets / equity) | +236.88% | +264.34% | +251.68% | +254.09% | +276.11% | +247.30% | +259.86% | +254.29% | +246.39% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.43 | 0.44 | 0.50 | 0.53 | 0.54 | 0.54 | 0.53 | 0.54 | 0.54 |
| Fixed-asset turnover | 3.10 | 3.25 | 3.47 | 3.56 | 3.38 | — | — | — | — |
| Inventory turnover | 6.45 | 5.97 | 6.16 | 5.80 | 6.28 | — | — | — | — |
| Receivables turnover | 9.01 | 8.06 | 7.98 | 7.57 | 7.93 | — | — | — | — |
| Payables turnover | 2.60 | 2.67 | 2.67 | 2.35 | 2.74 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 40.52 | 45.28 | 45.73 | 48.19 | 46.01 | — | — | — | — |
| Days inventory outstanding (DIO) | 56.59 | 61.14 | 59.30 | 62.97 | 58.14 | — | — | — | — |
| Days payables outstanding (DPO) | 140.64 | 136.75 | 136.49 | 155.20 | 133.39 | — | — | — | — |
| Cash conversion cycle | -43.53 | -30.33 | -31.47 | -44.05 | -29.24 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 0.96 | 1.44 | 0.95 | 1.06 | 1.84 | 1.17 | 1.16 | 1.15 | 1.19 |
| FCF / Net income | 0.74 | 1.10 | 0.73 | 0.76 | 1.32 | 0.89 | 0.83 | 0.82 | 0.84 |
| FCF margin | +11.06% | +9.53% | +10.00% | +9.67% | +8.39% | +9.58% | +9.26% | +9.17% | +9.09% |
| OCF margin | +14.42% | +12.41% | +13.09% | +13.47% | +11.71% | +12.51% | +12.87% | +12.78% | +12.89% |
| CapEx / Revenue | +3.36% | +2.88% | +3.09% | +3.81% | +3.32% | +3.31% | +3.38% | +3.48% | +3.32% |
| CapEx / D&A | 0.87 | 0.82 | 0.92 | 1.07 | 0.94 | — | — | — | — |
| Stock-based comp / Revenue | +0.42% | +0.38% | +0.41% | +0.40% | +0.30% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 3.04 | 1.96 | 3.62 | 3.42 | 1.89 | 3.05 | 3.38 | 3.66 | 3.90 |
| EPS · basic | 3.06 | 1.97 | 3.64 | 3.44 | 1.89 | 3.02 | 3.40 | 3.72 | 3.87 |
| Book value / share | 20.04 | 19.44 | 20.71 | 20.01 | 19.95 | 23.12 | 23.13 | 24.13 | 25.01 |
| Tangible BV / share | -8.45 | -11.73 | -11.22 | -11.07 | -13.92 | 23.12 | 23.13 | 24.13 | 25.01 |
| Sales / share | 20.33 | 22.74 | 26.29 | 27.05 | 29.69 | 30.83 | 31.99 | 33.05 | 33.30 |
| Operating CF / share | 2.93 | 2.82 | 3.44 | 3.65 | 3.48 | 3.86 | 4.12 | 4.22 | 4.29 |
| Free cash flow / share | 2.25 | 2.17 | 2.63 | 2.62 | 2.49 | 2.95 | 2.96 | 3.03 | 3.03 |
| Dividends / share | 1.29 | 1.43 | 1.58 | 1.74 | 1.92 | 1.98 | 2.05 | 2.14 | 2.14 |
| Payout ratio | +42.47% | +73.06% | +43.56% | +50.94% | +101.47% | +59.98% | +57.62% | +58.17% | +59.57% |
| Retention ratio | +57.53% | +26.94% | +56.44% | +49.06% | -1.47% | +40.02% | +42.38% | +41.83% | +40.43% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +9.67% | +14.35% | +1.18% | +5.75% | +3.83% | +2.90% | +3.35% | +2.54% | +5.37% |
| Gross profit · YoY | — | +0.52% | +21.68% | +3.58% | -24.30% | +27.96% | +2.05% | +3.91% | +3.98% | +3.85% |
| Profit | ||||||||||
| Operating income · YoY | — | -24.05% | +55.69% | +15.32% | -42.95% | +50.93% | +7.19% | +1.68% | +2.92% | +3.50% |
| EBITDA · YoY | — | -18.54% | +60.51% | +5.57% | -42.34% | +54.75% | +4.31% | +2.25% | +6.88% | +4.33% |
| Net income · YoY | — | -36.81% | +82.52% | -7.02% | -46.84% | +75.10% | +6.51% | +3.68% | -0.58% | +1.15% |
| Operating | ||||||||||
| EBIT · YoY | — | -22.77% | +75.88% | +5.27% | -51.31% | +86.15% | +0.84% | +4.68% | +3.62% | +4.46% |
| R&D · YoY | — | -100.00% | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | -35.53% | +84.69% | -5.52% | -44.74% | +61.63% | +10.68% | +8.25% | +6.59% | +3.17% |
| EPS · basic · YoY | — | -35.62% | +84.77% | -5.49% | -45.06% | +59.88% | +12.64% | +9.17% | +4.10% | +2.97% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $19.97B | $23.54B | $19.95B | $18.37B | $22.4B | $22.26B | $22.76B | $22.83B | $23.28B |
| Net debt | $16.43B | $21.62B | $18.14B | $17.02B | $20.28B | $20.31B | $20.78B | $20.76B | $21.26B |
| Net debt / EBITDA | 2.81 | 4.54 | 2.37 | 2.11 | 4.36 | 2.82 | 2.77 | 2.70 | 2.59 |
| Debt / equity | 0.71 | 0.87 | 0.70 | 0.68 | 0.87 | 0.74 | 0.76 | 0.73 | 0.71 |
| Debt / assets | +29.77% | +33.08% | +27.94% | +26.82% | +31.34% | +30.00% | +29.43% | +28.90% | +28.84% |
| Equity / assets | +42.22% | +37.83% | +39.73% | +39.36% | +36.22% | +40.44% | +38.48% | +39.33% | +40.59% |
| Coverage | |||||||||
| EBITDA / interest expense | 16.02 | 11.13 | 13.90 | 15.89 | 16.50 | 14.47 | 14.59 | 14.95 | 15.27 |
| Operating income / interest | 12.75 | 8.26 | 10.00 | 12.49 | 12.84 | 10.98 | 11.38 | 11.59 | 11.40 |
| Interest expense | $365M | $428M | $550M | $508M | $282M | $497.64M | $514.86M | $513.94M | $537.6M |
| Liquidity | |||||||||
| Current ratio | 0.74 | 0.60 | 0.62 | 0.68 | 0.59 | — | — | — | — |
| Quick ratio | 0.48 | 0.35 | 0.33 | 0.32 | 0.32 | — | — | — | — |
| Cash ratio | 0.25 | 0.11 | 0.10 | 0.07 | 0.10 | — | — | — | — |
| Working capital | -$3.67B | -$6.64B | -$7.31B | -$6.31B | -$8.91B | — | — | — | — |
| Working capital / revenue | -12.76% | -21.08% | -20.30% | -17.31% | -23.13% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 2.33x | 2.67x |
| Earnings yield | 3.5% | 5.8% |
| FCF yield | 4.6% | 4.4% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 9.5% | 17.1% |
| ROA | 3.4% | 6.7% |
| ROIC | 5.1% | 9.4% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 4.36 | 2.11 |
| Interest coverage | — | — |
| Current ratio | 0.59x | 0.68x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).