Mondi Fundamentals and Key Ratios

Company name:	Mondi Plc
EPIC:	MNDI	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB00B1CRLC47
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.mondi.co.uk/	Description:	ORD EUR 0.20
Industry Sector:	FORESTRY & PAPER

Price	Price Change [%]	Bid	Ask	Open	High	Low	Volume
1,299.50	-10.0 [-0.76]	1,298.50	1,300.00	1,307.00	1,311.00	1,293.00	244,851
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
4,772.29	367.24	0.32	137.01	54.66	9.48	4.21	1,719.00 - 1,244.50

Mondi Key Figures

Key Figures
(at previous day's close)
Market Cap.	4,772.29	m
Shares In Issue	367.24	m
Prev. Close	1,309.50
PE Ratio	9.48
Dividend Yield	4.21	%
EPS - basic	137.01	p
Dividend PS	54.66	p
Dividend Cover	-
Cash Flow PS	263.34	p
Return On Equity (ROE)	16.61	%
Operating Margin	12.73	%
PEG Factor	0.32
EPS Growth Rate	29.92	%
Dividends PS Growth Rate	8.33	%
Net Debt	3,278.91	m
Gross Gearing	47.21	%
Quick Assets	1,568.39	m
Net Working Capital	1,033.54	m
Intangibles / Fixed Assets	15.91	%
Turnover PS	1,768.53	p
Pre-Tax Profit PS	225.10	p
Retained Profit PS	102.82	p
Cash PS	108.31	p
Net Cash PS	-288.99	p
Net Tangible Asset Value PS *	800.57	p
Net Asset Value PS	1,119.55	p
Spread	1.50 (0.12%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Mondi Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	High	Low
1 week	1,319.00	1,268.00
4 weeks	1,438.00	1,244.50
12 weeks	1,601.00	1,244.50
1 year	1,719.00	1,244.50

Share Price Chart (5 years)

Mondi Historic Returns

%1$s Historic Returns
Giorni da oggi ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	1,313.00	-13.50	-1.03	1,268.00	1.32		1,301.04
4 weeks	1,405.00	-105.50	-7.51	1,244.50	1.28		1,327.47
12 weeks	1,425.00	-125.50	-8.81	1,244.50	1.29		1,432.75
26 weeks	1,391.00	-91.50	-6.58	1,244.50	1.24		1,450.01
1 year	1,548.00	-248.50	-16.05	1,244.50	1.44		1,476.57
3 years	1,330.00	-30.50	-2.29	1,223.50	1.35		1,606.11
5 years	1,914.50	-615.00	-32.12	1,156.50	1.60		1,679.68
† periods calculated are whole weeks rather than calendar months

Mondi Key Management Ratios

DEEPER ANALYSIS

Mondi Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	3.06
PE Ratio	9.48
Tobin's Q Ratio	0.54
Tobin's Q Ratio (excl. intangibles)	0.61
Dividend Yield	4.21	%
Market-to-Book Ratio	1.26
Price-to-Pre-Tax Profit PS	5.77
Price-to-Retained Profit PS	12.64
Price-to-Cash Flow PS	4.93
Price-to-Sales PS	0.73
Price-to-Net Tangible Asset Value PS	1.46
Price-to-Cash PS	12.00
Net Working Capital PS	281.43
Price Pct to Working Capital PS	4.62	%
Earnings Yield	10.54	%
Average PE	11.88
Years in average	5
PE to PE average	79.85	%

Mondi Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	35.04	%
Debt-to-Equity Ratio	0.54
Debt-to-Equity Ratio (excl. Intgbl)	0.68
Debt-to-Equity Market Value	0.46
Net Gearing	42.10	%
Net Gearing (excl. Intangibles)	47.21	%
Gross Gearing	47.21	%
Gross Gearing (excl. Intangibles)	52.94	%
Gearing Under 1 Year	18.73	%
Gearing Under 1 Year (excl. Intgbl)	21.01	%
Assets/Equity	1.89
Cash/Equity	9.67
(Liquidity Ratios)
Net Working Capital to Total Assets	13.27	%
Current Ratio	1.71
Quick Ratio (Acid Test)	1.07
Liquidity Ratio	0.27
Cash & Equiv/Current Assets	15.96	%
(Solvency Ratios)
Enterprise Value	6,920.95	m
CFO/Sales	0.15
CFO/Attributable Profit	1.54
CFO/Assets	0.12
CFO/Debt	0.26
Total Debt/Equity Market Value	0.77
Total Debt/Sales	0.57
Total Debt/Pre-Tax Profit	4.45
Total Debt	3,676.68	m
Total Debt/Net Current Assets	3.56	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	2.38	%
10 yr Compound Earnings Growth	11.93	%
Earn drops > 5% in 10yrs	4

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
0.3187	0.2140

Mondi Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	13.06	%
Return On Assets (ROA)	7.13	%
Net Profit Margin	9.67	%
Assets Turnover	0.74
Return On Equity (ROE)	16.61	%
Return On Investment (ROI)	8.66	%
Dividend Payout Ratio	41.69	%
Plowback Ratio	58.31	%
Growth from Plowback Ratio	8.62	%
Net Income Of Revenues	5.81	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.53
Fixed Assets Turnover	1.05
Current Assets Turnover	2.49
Net Working Capital Turnover
Inventory Turnover	6.67
(Other Operating Ratios)
Total Assets-to-Sales	1.36
Debtors-to-Sales	18.46	%
Debt Collection Period	67.38	Days

Mondi Dividends

%1$s Dividends
Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
04 Aug 2022	Interim	EUX	21.67	12/31/2021	12/31/2022	08/25/2022	08/26/2022	09/29/2022	-
03 Mar 2022	Final	EUX	45.00	12/31/2020	12/31/2021	04/07/2022	04/08/2022	05/16/2022	65.00
05 Aug 2021	Interim	EUX	20.00	12/31/2020	12/31/2021	08/26/2021	08/27/2021	09/30/2021	-
25 Feb 2021	Final	EUX	41.00	12/31/2019	12/31/2020	04/08/2021	04/09/2021	05/13/2021	60.00
10 Aug 2020	Interim	EUX	19.00	12/31/2019	12/31/2020	08/20/2020	08/21/2020	09/29/2020	-
10 Aug 2020	Final	EUX	29.75	12/31/2018	12/31/2019	08/20/2020	08/21/2020	09/29/2020	57.03
01 Aug 2019	Interim	EUX	27.28	12/31/2018	12/31/2019	08/15/2019	08/16/2019	09/20/2019	-
28 Feb 2019	Final	EUX	54.55	12/31/2017	12/31/2018	04/10/2019	04/11/2019	05/16/2019	76.00
03 Aug 2018	Interim	EUX	21.45	12/31/2017	12/31/2018	08/23/2018	08/24/2018	09/14/2018	-
02 Mar 2018	Special	EUX	100.00	12/31/2016	12/31/2017	05/03/2018	05/04/2018	05/25/2018	-
02 Mar 2018	Final	EUX	42.90	12/31/2016	12/31/2017	05/03/2018	05/04/2018	05/25/2018	62.00
03 Aug 2017	Interim	EUX	19.10	12/31/2016	12/31/2017	08/24/2017	08/25/2017	09/19/2017	-
23 Feb 2017	Final	EUX	38.19	12/31/2015	12/31/2016	04/20/2017	04/21/2017	05/18/2017	57.00
04 Aug 2016	Interim	EUX	18.81	12/31/2015	12/31/2016	08/18/2016	08/19/2016	09/13/2016	-
25 Feb 2016	Final	EUX	37.62	12/31/2014	12/31/2015	04/21/2016	04/22/2016	05/19/2016	52.00
06 Aug 2015	Interim	EUX	14.38	12/31/2014	12/31/2015	08/20/2015	08/21/2015	09/15/2015	-
24 Feb 2015	Final	EUX	28.77	12/31/2013	12/31/2014	04/23/2015	04/24/2015	05/21/2015	42.00
07 Aug 2014	Interim	EUX	13.23	12/31/2013	12/31/2014	08/20/2014	08/22/2014	09/16/2014	-
28 Feb 2014	Final	EUX	26.45	12/31/2012	12/31/2013	04/23/2014	04/25/2014	05/22/2014	36.00
08 Aug 2013	Interim	EUX	9.55	12/31/2012	12/31/2013	08/21/2013	08/23/2013	09/17/2013	-
21 Feb 2013	Final	EUX	19.10	12/31/2011	12/31/2012	04/17/2013	04/19/2013	05/16/2013	28.00
07 Aug 2012	Interim	EUX	8.90	12/31/2011	12/31/2012	08/22/2012	08/24/2012	09/18/2012	-
23 Feb 2012	Final	EUX	17.75	12/31/2010	12/31/2011	04/11/2012	04/13/2012	05/10/2012	26.00
28 Jul 2011	Interim	EUX	8.25	12/31/2010	12/31/2011	08/17/2011	08/19/2011	09/13/2011	-
21 Feb 2011	Final	EUX	16.50	12/31/2009	12/31/2010	04/13/2011	04/15/2011	05/12/2011	20.00
10 Aug 2010	Interim	EUX	3.50	12/31/2009	12/31/2010	08/25/2010	08/27/2010	09/14/2010	-
23 Feb 2010	Final	EUX	7.00	12/31/2008	12/31/2009	04/21/2010	04/23/2010	05/19/2010	9.50
05 Aug 2009	Interim	EUX	2.50	12/31/2008	12/31/2009	08/26/2009	08/28/2009	09/15/2009	-
26 Feb 2009	Final	EUX	5.00	12/31/2007	12/31/2008	06/22/2009	04/25/2009	05/20/2009	12.70
30 Jul 2008	Interim	EUX	7.70	12/31/2007	12/31/2008	08/27/2008	08/29/2008	09/16/2008	-
28 Feb 2008	Final	EUX	15.70	12/31/2006	12/31/2007	04/23/2008	04/25/2008	05/21/2008	23.00
01 Aug 2007	Interim	EUX	7.30	12/30/2006	06/30/2007	08/29/2007	08/31/2007	09/17/2007	-

Mondi Fundamentals

Profit and Loss Account
	31 Dec 2018 (EUR)		31 Dec 2019 (EUR)		31 Dec 2020 (EUR)		31 Dec 2021 (EUR)
turnover	7,481.00	100.00%	7,268.00	100.00%	6,663.00	100.00%	7,723.00	100.00%	m
pre tax profit	1,105.00	14.77%	1,103.00	15.18%	770.00	11.56%	983.00	12.73%	m
attributable profit	824.00	11.01%	812.00	11.17%	582.00	8.73%	747.00	9.67%	m
retained profit	31.00	0.41%	416.00	5.72%	345.00	5.18%	449.00	5.81%	m
eps - basic	184.80		167.60		120.00		155.90
eps - diluted	184.70		167.60		120.00		155.80
dividends per share	76.00		57.03		60.00		65.00

Mondi Balance Sheet

Balance Sheet
	31 Dec 2018 (EUR)		31 Dec 2019 (EUR)		31 Dec 2020 (EUR)		31 Dec 2021 (EUR)


	31 Dec 2018 (EUR)		31 Dec 2019 (EUR)		31 Dec 2020 (EUR)		31 Dec 2021 (EUR)
ASSETS
fixed assets	4,340.00	53.97%	4,800.00	56.21%	4,641.00	55.47%	4,870.00	52.59%	m
intangibles	1,033.00	12.85%	1,029.00	12.05%	993.00	11.87%	1,002.00	10.82%	m
fixed investments	425.00	5.28%	522.00	6.11%	473.00	5.65%	425.00	4.59%	m
current assets - other	34.00	0.42%	20.00	0.23%	23.00	0.27%	-	-%	m
stocks	968.00	12.04%	984.00	11.52%	849.00	10.15%	1,099.00	11.87%	m
debtors	1,190.00	14.80%	1,111.00	13.01%	1,006.00	12.02%	1,392.00	15.03%	m
cash & securities	52.00	0.65%	74.00	0.87%	382.00	4.57%	473.00	5.11%	m

TOTAL	8,042.00	100%	8,540.00	100%	8,367.00	100%	9,261.00	100%	m

LIABILITIES
creditors - short	1,668.00	20.74%	2,080.00	24.36%	1,390.00	16.61%	1,735.00	18.73%	m
creditors - long	2,549.00	31.70%	2,075.00	24.30%	2,595.00	31.01%	2,637.00	28.47%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	4,217.00	52.44%	4,155.00	48.65%	3,985.00	47.63%	4,372.00	47.21%	m

EQUITY
ord cap, reserves	3,485.00	43.33%	4,015.00	47.01%	4,002.00	47.83%	4,498.00	48.57%	m
prefs, minorities	340.00	4.23%	370.00	4.33%	380.00	4.54%	391.00	4.22%	m

TOTAL	3,825.00	47.56%	4,385.00	51.35%	4,382.00	52.37%	4,889.00	52.79%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Mondi Cash Flow Statement

%1$s Cash Flow Statement
	31 Dec 2018 (EUR)	31 Dec 2019 (EUR)	31 Dec 2020 (EUR)	31 Dec 2021 (EUR)
Operating CF	1,407.00	1,388.00	1,318.00	1,150.00	m
Pre-Financing CF	250.00	594.00	643.00	480.00	m
Retained CF	67.00	-16.00	375.00	108.00	m

Mondi Brokers

%1$s Brokers
Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC

Boards:

Quotes:

Mondi Key Figures

Mondi Balance Sheet

Share Price Performance

Share Price Chart (5 years)

Mondi Historic Returns

Mondi Key Management Ratios

Mondi Investment Ratios

Mondi Financial Ratios

Mondi Operating Ratios

Mondi Dividends

Mondi Fundamentals

Mondi Balance Sheet

Mondi Cash Flow Statement

Mondi Brokers