Mondi plc

LSE:MNDI Stock Report

Market Cap: UK£3.7b

Mondi Valuation

Is MNDI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of MNDI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: MNDI (£8.28) is trading below our estimate of future cash flow value (£17.43)

Significantly Below Future Cash Flow Value: MNDI is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MNDI?

Key metric: As MNDI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MNDI. This is calculated by dividing MNDI's market cap by their current earnings.
What is MNDI's PE Ratio?
PE Ratio25.3x
Earnings€165.00m
Market Cap€4.30b

Price to Earnings Ratio vs Peers

How does MNDI's PE Ratio compare to its peers?

The above table shows the PE ratio for MNDI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.2x
CRDA Croda International
64.7x25.19%UK£4.2b
HOC Hochschild Mining
35.1x37.38%UK£4.1b
PAF Pan African Resources
19.3x28.01%UK£3.7b
HILS Hill & Smith
22x10.15%UK£1.9b
MNDI Mondi
25.4x26.99%UK£3.6b

Price-To-Earnings vs Peers: MNDI is good value based on its Price-To-Earnings Ratio (25.4x) compared to the peer average (35.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does MNDI's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MNDI 25.3xIndustry Avg. 18.4xNo. of Companies5PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MNDI is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the European Forestry industry average (18.4x).

Price to Earnings Ratio vs Fair Ratio

What is MNDI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MNDI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.3x
Fair PE Ratio31.5x

Price-To-Earnings vs Fair Ratio: MNDI is good value based on its Price-To-Earnings Ratio (25.4x) compared to the estimated Fair Price-To-Earnings Ratio (31.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MNDI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£8.28
UK£9.99
+20.63%
18.55%UK£14.97UK£7.54n/a13
Feb ’27UK£8.54
UK£10.06
+17.85%
15.31%UK£12.51UK£7.60n/a11
Jan ’27UK£9.08
UK£10.47
+15.25%
15.77%UK£14.12UK£7.58n/a9
Dec ’26UK£8.60
UK£10.39
+20.73%
17.22%UK£14.12UK£7.58n/a9
Nov ’26UK£8.50
UK£10.38
+22.11%
14.83%UK£14.06UK£8.43n/a10
Oct ’26UK£10.38
UK£13.79
+32.90%
16.08%UK£17.76UK£10.60n/a11
Sep ’26UK£10.33
UK£13.72
+32.84%
15.93%UK£17.64UK£11.02n/a11
Aug ’26UK£10.39
UK£14.14
+36.12%
15.04%UK£17.76UK£11.10n/a11
Jul ’26UK£12.11
UK£14.60
+20.58%
13.33%UK£17.83UK£11.61n/a11
Jun ’26UK£12.06
UK£14.27
+18.40%
14.81%UK£17.50UK£11.01n/a11
May ’26UK£11.32
UK£14.24
+25.86%
16.43%UK£18.04UK£10.89n/a10
Apr ’26UK£11.65
UK£14.49
+24.43%
14.60%UK£17.80UK£11.24n/a9
Mar ’26UK£12.28
UK£14.34
+16.81%
13.63%UK£17.52UK£11.07UK£8.8710
Feb ’26UK£12.63
UK£14.45
+14.49%
14.93%UK£17.58UK£10.91UK£8.5410
Jan ’26UK£11.92
UK£15.01
+25.96%
11.38%UK£17.99UK£12.62UK£9.0810
Dec ’25UK£11.91
UK£15.09
+26.78%
11.43%UK£18.10UK£12.70UK£8.6010
Nov ’25UK£12.54
UK£15.60
+24.49%
9.05%UK£18.16UK£12.75UK£8.5010
Oct ’25UK£14.07
UK£16.78
+19.23%
9.06%UK£19.51UK£14.24UK£10.3810
Sep ’25UK£14.72
UK£17.11
+16.21%
9.74%UK£20.13UK£14.69UK£10.3310
Aug ’25UK£15.42
UK£16.84
+9.22%
13.07%UK£21.66UK£13.59UK£10.3910
Jul ’25UK£15.27
UK£16.51
+8.17%
12.06%UK£21.01UK£13.68UK£12.119
Jun ’25UK£15.61
UK£16.48
+5.56%
12.05%UK£20.98UK£13.65UK£12.069
May ’25UK£15.20
UK£15.67
+3.11%
9.38%UK£17.05UK£13.32UK£11.327
Apr ’25UK£13.96
UK£15.18
+8.79%
13.82%UK£17.03UK£11.88UK£11.655
Mar ’25UK£14.12
UK£15.20
+7.64%
13.84%UK£17.05UK£11.89UK£12.285
UK£9.99
Fair Value
17.1% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/03 18:18
End of Day Share Price 2026/03/03 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mondi plc is covered by 22 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brent MadelAbsa Bank Limited
Caroline LearmonthBarclays
Pallav MittalBarclays