Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Enterprise Value to EBITDA (EV/EBITDA)

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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Mondelēz International Inc., EBITDA calculation

US$ in millions

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12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net earnings attributable to Mondelēz International 4,611 4,959 2,717 4,300 3,555
Add: Net income attributable to noncontrolling interest 12 9 9 14 14
Add: Income tax expense 1,469 1,537 865 1,190 1,224
Earnings before tax (EBT) 6,092 6,505 3,591 5,504 4,793
Add: Interest expense, debt 508 550 428 365 423
Earnings before interest and tax (EBIT) 6,600 7,055 4,019 5,869 5,216
Add: Depreciation and amortization 1,302 1,215 1,107 1,113 1,116
Earnings before interest, tax, depreciation and amortization (EBITDA) 7,902 8,270 5,126 6,982 6,332

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Mondelēz International Inc. EBITDA increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

Mondelēz International Inc., current EV/EBITDA calculation, comparison to benchmarks

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Selected Financial Data (US$ in millions)
Enterprise value (EV) 96,842
Earnings before interest, tax, depreciation and amortization (EBITDA) 7,902
Valuation Ratio
EV/EBITDA 12.26
Benchmarks
EV/EBITDA, Competitors1
Coca-Cola Co. 21.25
PepsiCo Inc. 14.34
Philip Morris International Inc. 19.83
EV/EBITDA, Sector
Food, Beverage & Tobacco 17.87
EV/EBITDA, Industry
Consumer Staples 22.21

Based on: 10-K (reporting date: 2024-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Mondelēz International Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 90,711 121,136 110,903 109,066 95,878
Earnings before interest, tax, depreciation and amortization (EBITDA)2 7,902 8,270 5,126 6,982 6,332
Valuation Ratio
EV/EBITDA3 11.48 14.65 21.64 15.62 15.14
Benchmarks
EV/EBITDA, Competitors4
Coca-Cola Co. 18.69 20.83 19.52 19.66
PepsiCo Inc. 13.88 16.75 18.63 18.42 17.17
Philip Morris International Inc. 19.14 13.66 14.78 13.64 12.59
EV/EBITDA, Sector
Food, Beverage & Tobacco 16.21 18.49 17.05 16.29
EV/EBITDA, Industry
Consumer Staples 16.39 16.42 15.65 14.89

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 See details »

2 See details »

3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 90,711 ÷ 7,902 = 11.48

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Mondelēz International Inc. EV/EBITDA ratio decreased from 2022 to 2023 and from 2023 to 2024.