
Mondelez International, Inc. (KTF.DE)
ValueMarkers Composite Index
40% below intrinsic value ($83)
Mondelez International, Inc. (KTF.DE) — VMCI valuation read
Mondelez International, Inc. sits at VMCI 53/100, with the Consumer Defensive sector median at 50. That 3-point spread is the first thing to note on KTF.DE: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.
Form 4 disclosures on KTF.DE are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.
**Investor frame.** The Value read on KTF.DE: KTF.DE trades at 22.0x earnings, 22% above the Consumer Defensive median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Consumer Defensive median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of -0.4x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.
KTF.DE fell 2.4% over the trailing 7 days, with a -20.9% read on a 30-day basis.
Mondelez International, Inc. engages in the manufacture and marketing of snack food and beverage products. The company is headquartered in Deerfield, Illinois and currently employs 80,000 full-time employees. The firm manufactures and markets snack food and beverage products for consumers. The company operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery. Itsportfolio includes various snack brands, including Nabisco, Oreo, LU and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk and Toblerone chocolate; Trident gum; Halls candy, and Tang powdered beverages. The firm sells its products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores and retail food outlets. As of December 31, 2016, it sold its products to consumers in approximately 165 countries.
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