MDLZ Analysis — TradeApes

Mondelez International, Inc. (MDLZ)

Consumer Defensive

$58.72 close · Apr 09, 2026

↑ Mild Premium (36/100)

⚠️

Multiple stretched z = +1.63

EV/EBITDA (16.1×) is 1.63 std deviations above its 2-year average

Apr 09

⚠️

Overvalued +38.6%

Market cap (76.21B) is 38.6% above the bull-case DCF fair value (54.99B)

Apr 09

Health Score

Out of 100

Mixed

Pillar Scores

Financial Strength 65

Operating Trend 50

Valuation 45

Capital Allocation 55

Risk 50

Positives

↑ Low leverage — net debt/EBITDA below 1× +2.5

↑ Free cash flow positive — business generates real spendable cash +2.5

↑ Adequate interest coverage — EBIT covers interest 4–10× +1.3

Concerns

↓ Altman Z-Score in distress zone — elevated bankruptcy risk -3.0

↓ Weak liquidity — current assets below current liabilities -2.5

↓ High P/E — 25–45×, growth premium already priced in -2.5

Signal contribution: +8.4 from strengths -8.0 from concerns

Health Score Trend 8 snapshots

Financials

TTM Financials

Revenue ?Total sales generated from the company's primary business activities over the trailing twelve months.	38.54B
Gross Profit ?Revenue minus cost of goods sold. What remains before operating expenses — reflects pricing power and production efficiency.	10.94B
Operating Income ?Profit from core business operations after all operating expenses (EBIT). Excludes interest and taxes.	3.55B
Net Income ?Bottom-line profit after all expenses, interest, and taxes are deducted from revenue.	2.45B
Free Cash Flow ?Operating cash flow minus capital expenditures. The actual cash the business generates after maintaining its assets — the truest measure of profitability.	3.24B
EBITDA ?Earnings before interest, taxes, depreciation & amortization. A proxy for operating cash earnings that strips out accounting and financing differences.	4.91B
Total Debt ?Combined short-term and long-term interest-bearing debt obligations. Compare against cash and earnings to gauge leverage risk.	2.69B
Cash & Equivalents ?Highly liquid assets on hand — cash, money market funds, and short-term securities. The company's immediate financial cushion.	—

Valuation

Market Cap	76.21B
Enterprise Value	78.90B
EV / Revenue	2.0x
EV / EBITDA	16.1x
P/E (TTM)	31.1x
Forward P/E (extrapolated)	25.7x
PEG	—
P/FCF	23.6x
FCF Yield	4.2%

DCF Fair Value Range (base CAGR: 1.3%)

Bear

$39.96

Base

$41.15

Bull

$42.37

Bear $40 Current $58.72 (above range) Bull $42

Market is pricing in 7.6% FCF growth annually — base model assumes 1.3%

Key Metrics

Gross Margin ?Gross profit as a % of revenue. Measures how efficiently the company produces its goods or services — higher is better.	28.4%
EBITDA Margin ?EBITDA as a % of revenue. Shows core operating profitability before accounting adjustments — useful for comparing across industries.	12.7%
Net Margin ?Net income as a % of revenue. The ultimate measure of overall profitability after every expense, interest payment, and tax is accounted for.	6.4%
FCF Margin ?Free cash flow as a % of revenue. Shows how much of each dollar of revenue converts into real, spendable cash.	8.4%
Revenue Growth (YoY) ?Year-over-year change in total revenue. Measures business momentum — sustained growth above 15% is typically considered strong.	5.8%
Net Income Growth (YoY) ?Year-over-year change in net income. Shows whether profits are growing faster or slower than revenue — a key indicator of improving or deteriorating quality.	-46.8%
Piotroski F-Score ?Score from 0–9 measuring financial strength across profitability, leverage, and efficiency signals. 8–9 = strong, 0–2 = distressed.	5 / 9
Altman Z-Score ?Bankruptcy risk model. Above 2.99 = safe zone, 1.81–2.99 = grey zone, below 1.81 = distress signal. Most useful for manufacturing companies.	1.40

Community Sentiment

Not enough ratings yet.
Be the first to rate this company below.

Quarterly Financials

Metric	Q4 '25	Q3 '25	Q2 '25	Q1 '25	Q4 '25	Q3 '25	Q2 '25	Q1 '25	Q4 '25	Q3 '24	Q2 '24	Q1 '24
Revenue ?Total quarterly sales from primary business operations.	10.50B	9.74B	8.98B	9.31B	9.60B	9.20B	8.34B	9.29B	9.31B	9.03B	8.51B	9.17B
Gross Profit ?Quarterly revenue minus cost of goods sold.	2.96B	2.61B	2.94B	2.43B	3.71B	3.00B	2.80B	4.75B	3.47B	3.49B	3.35B	3.45B
Operating Income ?Quarterly profit from core operations before interest and taxes (EBIT).	952.0M	744.0M	1.17B	680.0M	1.61B	1.15B	854.0M	2.73B	1.19B	1.38B	1.43B	1.51B
Net Income ?Quarterly bottom-line profit after all expenses and taxes.	665.0M	743.0M	641.0M	402.0M	1.75B	853.0M	601.0M	1.41B	950.0M	984.0M	944.0M	2.08B
FCF ?Quarterly free cash flow: operating cash minus capital expenditures.	2.42B	—	—	815.0M	2.50B	—	—	1.03B	2.70B	—	—	900.0M

Revenue & Free Cash Flow

Market Cap vs. DCF Fair Value Band

Shaded region = bear-to-bull DCF range. Line = actual market cap.

Want to track MDLZ in your own watchlist?

Create a free account to save companies, refresh fundamentals on demand, and record your investment thesis.

Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Scores and valuations are derived from SEC filings and publicly available data. Always do your own research before making investment decisions.