MDLZ Mondelez International
too hard · 51
Owner-earnings value$40.62
Price$62.57
Margin of safety
-35.1%
Quality gate · 51/100
⚠ sub-hurdle returns (median roic 8% < 9%)
Median ROIC7.8%
Gross margin28.8%
Net debt / EBITDA3.8x
FCF conversion91%
Share count / yr-2.1%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 2.58B |
| Owner-earnings yield | 3.2% |
| Free-cash-flow yield | 3.2% |
| Growth used (normalized) | 7.0% |
| Market-implied growth (reverse DCF) | 17.6% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 2.75B | 7.0% | 2.53B |
| 2 | 2.93B | 6.5% | 2.47B |
| 3 | 3.11B | 6.1% | 2.40B |
| 4 | 3.29B | 5.6% | 2.33B |
| 5 | 3.46B | 5.2% | 2.25B |
| 6 | 3.62B | 4.8% | 2.16B |
| 7 | 3.78B | 4.3% | 2.07B |
| 8 | 3.93B | 3.9% | 1.97B |
| 9 | 4.06B | 3.4% | 1.87B |
| 10 | 4.18B | 3.0% | 1.77B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~18%/yr owner-earnings growth over 10y (reverse DCF); model credits 7%.