NASDAQ · MDLZ

Mondelez International, Inc.

Consumer Defensive · Food Confectioners

$62.47▲ 0.08% ($0.05)at close

After hours$62.45▼ 0.03%7:53 PM ET

52-week

$51.20$66.65

What the market price implies · Reverse DCF

To support a price of $62.47, this model requires Stage 1 FCFF to grow by 12.69%/yr over the next 5 years, compounded annually.

Historical FCFF grew by -13.85%/yr over the past 10 years. The required annual growth rate is 26.53 percentage points higher.

Selected forecast · Base scenario

-13.85%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

12.69%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$62.47

Estimated value / share

$7.09

Base scenario

This estimate is 88.66% below the price used.

USD · TTM ending 2026-06-30

FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.

Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.

Market beta (0.40) is below the minimum default of 0.5 — short lookback windows can understate systematic risk. Beta floored at 0.5 for default assumptions; adjust manually if needed.

Reported total debt includes capitalised leases (~3% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.

Stage 1 -13.85% · Stage 2 3.5% · Discount rate 6.54%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 12:29 AM UTC · provider

Why this method?

FCFF is positive, but the year-to-year swings are too large for a direct CAGR. Normalize the cash-flow base first, then run DCF.

Is FCFF positive and has it been for 3+ consecutive years? 25 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 60.1%.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 0.32%Revenue (TTM): 6.93%FCF (TTM): 7.83%P/FCF: 45th pct

What changed

The stock rose 0.32% over the last year. Revenue grew 6.93% over the trailing twelve months. Operating margin moved from 12.44% to 11.42%. Free cash flow grew 7.83% over the trailing twelve months.

What the market seems to be pricing

The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 11.42%. A decisive move in revenue — currently up 6.93% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Mondelez International, Inc. operates as a prominent global entity in the snack and beverage sector, focusing on the production, promotion, and distribution of a wide array of food items.

CEODirk van de Put

SectorConsumer Defensive

IndustryFood Confectioners

Employees91,000

IPO dateJun 13, 2001

https://www.mondelezinternational.com

Market multiples

Forward P/E—

EV/EBITDA19.32

Enterprise value$89.93B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth4.13%

Gross margin31.15%▼10.7ppvs FY2024

Operating margin11.42%▼8.0ppvs FY2024

ROE13.31%▲4.0ppvs FY2025

Analyst consensus

RatingBuy

Target price$70.29▲12.52%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 27, 2026

Q4 FY26 · EPS est $0.72 · Revenue est $9.99B

View

Dividends

$2.02/shareQuarterlyDividend Achiever · 12yrEx-div Sep 30, 2026 · in 20dAdequate

MDLZ pays a dividend with a 3.23% declared yield, 12 consecutive years of growth, growing at 9.3% annually, covered 1.3× by free cash flow.

Declared Yield

3.23%

Annual Div / Share

$2.02

5yr CAGR

+9.3%

Doubles every ~7.8yr

Payout Ratio

72.27%

Adequate

Dividend Growth Rate

3yr CAGR

+8.53%

5yr CAGR

+9.3%

10yr CAGR

+11.18%

Dividend Safety

5/10Adequate

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$2.02+5.8%

2025$1.91+9.5%

2024$1.75+10.4%

2023$1.58+10.1%

2022$1.44+10.8%

2021$1.29+10.7%

2020$1.17+9.9%

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$32/yr

$3/mo

In 5 yrs

$50/yr+56%

$4/mo

In 10 yrs

$79/yr+143%

$7/mo

Today	In 5 yrs	In 10 yrs
$32/yr $3/mo	$50/yr+56% $4/mo	$79/yr+143% $7/mo

Yield-on-cost grows from 3.23% → 7.87% over 10yr

Analysis

Dividend Strengths

Dividend Achiever

MDLZ has raised its dividend for 12 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.

Strong dividend growth rate

The 5-year CAGR of 9.3% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NASDAQ · MDLZ

Mondelez International, Inc.

Consumer Defensive · Food Confectioners

$62.47▲ 0.08% ($0.05)at close

After hours$62.45▼ 0.03%7:53 PM ET

52-week

$51.20$66.65

What the market price implies · Reverse DCF

To support a price of $62.47, this model requires Stage 1 FCFF to grow by 12.69%/yr over the next 5 years, compounded annually.

Historical FCFF grew by -13.85%/yr over the past 10 years. The required annual growth rate is 26.53 percentage points higher.

Selected forecast · Base scenario

-13.85%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

12.69%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$62.47

Estimated value / share

$7.09

Base scenario

This estimate is 88.66% below the price used.

USD · TTM ending 2026-06-30

FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.

Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.

Market beta (0.40) is below the minimum default of 0.5 — short lookback windows can understate systematic risk. Beta floored at 0.5 for default assumptions; adjust manually if needed.

Stage 1 -13.85% · Stage 2 3.5% · Discount rate 6.54%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 12:29 AM UTC · provider

Why this method?

FCFF is positive, but the year-to-year swings are too large for a direct CAGR. Normalize the cash-flow base first, then run DCF.

Is FCFF positive and has it been for 3+ consecutive years? 25 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 60.1%.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 0.32%Revenue (TTM): 6.93%FCF (TTM): 7.83%P/FCF: 45th pct

What changed

The stock rose 0.32% over the last year. Revenue grew 6.93% over the trailing twelve months. Operating margin moved from 12.44% to 11.42%. Free cash flow grew 7.83% over the trailing twelve months.

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 11.42%. A decisive move in revenue — currently up 6.93% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Mondelez International, Inc. operates as a prominent global entity in the snack and beverage sector, focusing on the production, promotion, and distribution of a wide array of food items.

CEODirk van de Put

SectorConsumer Defensive

IndustryFood Confectioners

Employees91,000

IPO dateJun 13, 2001

https://www.mondelezinternational.com

Market multiples

Forward P/E—

EV/EBITDA19.32

Enterprise value$89.93B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth4.13%

Gross margin31.15%▼10.7ppvs FY2024

Operating margin11.42%▼8.0ppvs FY2024

ROE13.31%▲4.0ppvs FY2025

Analyst consensus

RatingBuy

Target price$70.29▲12.52%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 27, 2026

Q4 FY26 · EPS est $0.72 · Revenue est $9.99B

View

Dividends

$2.02/shareQuarterlyDividend Achiever · 12yrEx-div Sep 30, 2026 · in 20dAdequate

MDLZ pays a dividend with a 3.23% declared yield, 12 consecutive years of growth, growing at 9.3% annually, covered 1.3× by free cash flow.

Declared Yield

3.23%

Annual Div / Share

$2.02

5yr CAGR

+9.3%

Doubles every ~7.8yr

Payout Ratio

72.27%

Adequate

Dividend Growth Rate

3yr CAGR

+8.53%

5yr CAGR

+9.3%

10yr CAGR

+11.18%

Dividend Safety

5/10Adequate

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$2.02+5.8%

2025$1.91+9.5%

2024$1.75+10.4%

2023$1.58+10.1%

2022$1.44+10.8%

2021$1.29+10.7%

2020$1.17+9.9%

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$32/yr

$3/mo

In 5 yrs

$50/yr+56%

$4/mo

In 10 yrs

$79/yr+143%

$7/mo

Today	In 5 yrs	In 10 yrs
$32/yr $3/mo	$50/yr+56% $4/mo	$79/yr+143% $7/mo

Yield-on-cost grows from 3.23% → 7.87% over 10yr

Analysis

Dividend Strengths

Dividend Achiever

MDLZ has raised its dividend for 12 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.

Strong dividend growth rate

The 5-year CAGR of 9.3% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.