Enterprise Value (EV)
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Mondelēz International Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
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Current Enterprise Value (EV)
Mondelēz International Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Noncontrolling interest (per books) | |
| Total equity | |
| Add: Short-term borrowings (per books) | |
| Add: Current portion of long-term debt (per books) | |
| Add: Long-term debt, excluding current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2025-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Mondelēz International Inc., EV calculation
Based on: 10-K (reporting date: 2025-12-31), 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).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Mondelēz International Inc. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
An examination of the financial information reveals fluctuations in key metrics related to company valuation over the five-year period. Enterprise value exhibited an initial increase followed by a subsequent decline. Common equity market value mirrored this pattern, though with more pronounced volatility. Total equity remained relatively stable for the first three years before experiencing a significant decrease in later periods.
- Enterprise Value (EV) Trend
- Enterprise value increased from US$109,066 million in 2021 to US$110,903 million in 2022, representing a modest growth of approximately 1.7%. Further growth was observed in 2023, reaching US$121,136 million. However, a substantial decrease occurred in 2024, with EV falling to US$90,711 million. This downward trend continued, albeit at a slower pace, with EV reported at US$95,275 million in 2025.
- Common Equity and Total Equity Relationship
- Common equity (market value) and total equity demonstrated a strong correlation throughout the period. Values were nearly identical in each year, suggesting that market valuation closely aligned with book value of equity. Both metrics increased from 2021 to 2023, then decreased significantly in 2024 and 2025, mirroring the EV trend. The slight divergence between the two in each year is minimal.
- Total Equity and Debt
- Total equity and debt remained relatively stable between 2021 and 2023, fluctuating around US$112-123 billion. A considerable reduction was observed in 2024, falling to US$92,062 million, and a moderate increase to US$97,400 million in 2025. This suggests a potential shift in the company’s capital structure, possibly involving debt reduction or equity buybacks, particularly leading into 2024.
The observed declines in enterprise value, common equity, and total equity in 2024 and 2025 warrant further investigation. The concurrent decrease in total equity and debt suggests a deliberate restructuring of the balance sheet, but the underlying drivers of the valuation decrease require additional analysis.