# Mondi plc (MNDI.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Basic Materials / Paper & Forest Products. Price 849p, market value 3.7 billionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Mondi plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.3×**. Enterprise value is 4.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 2.7%** (5-yr avg 0.1%). Free cash flow equals 2.7% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 33.8%**. Mondi plc keeps 33.8% of revenue after the direct cost of what it sells.
- **Operating margin: 5.9%**. 5.9% of revenue is left after running the business.
- **Net margin: 2.2%**. 2.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.4%**. 3.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.3%**. Return on all capital, debt included, is 7.3%.
- **Return on assets: 2.9%**. Each dollar of assets produces 2.9% of profit.

## Growth
- **Revenue growth (1 yr): 1.5%** (3-yr -5.4%/yr, 5-yr 2.5%/yr). Revenue grew 1.5% over the last year, against 2.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -24.5%** (3-yr -49.1%/yr, 5-yr -20.6%/yr). Earnings per share fell 24.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -37.9%/yr**. Free cash flow has compounded at -37.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.61**. Debt is 0.61 times equity, moderate leverage.
- **Net debt / EBITDA: 1.6×**. It would take 1.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 8.4×**. Operating profit covers interest 8.4× over, a safe margin.
- **Current ratio: 1.53** (quick 0.87). Current assets cover the next year's liabilities 1.53 times.
- **Altman Z-score: 2.11**. A Z-score of 2.11 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.45%** (0p per share, trailing). Mondi plc yields 1.45%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 185%**. The dividend exceeds earnings (185% payout), which is rarely sustainable outside REITs and one-off years.
- **Dividend growth (5 yr): 4.0%/yr** (1-yr -69.4%). The dividend has grown 4.0% a year over five years.
- **Shareholder yield: 1.8%**. Dividends plus net buybacks return 1.8% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (13 analysts). 13 analysts cover Mondi plc; the consensus is hold, with an average price target of 882p (+4% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -16.3%** (YTD -6.8%, 3-mo 13.5%). The shares are down 16.3% over twelve months including dividends.
- **From 52-week high: -19.7%** (28.7% above the low). Trading 20% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.95** (volatility 34%). Beta of 0.95 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MNDI.L · Page: https://foliofundamentals.com/stocks/mndi.l

Not investment advice.