Using the industry peer median P/E multiple (trailing + forward), Mondelez International, Inc. (MDLZ) has a fair value of $59.23 based on 7 comparable companies in the Food Confectioners industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Mondelez International, Inc.MDLZ | 75,102 | 30.6x | 19.0x |
| Altria Group, Inc.MO | 107,066 | 15.5x | 11.7x |
| Monster Beverage CorporationMNST | 70,777 | 37.3x | 31.9x |
| Colgate-Palmolive CompanyCL | 67,887 | 32.2x | 21.9x |
| The Kroger Co.KR | 45,318 | 46.5x | 13.8x |
| The Hershey CompanyHSY | 42,970 | 48.8x | 25.3x |
| Sysco CorporationSYY | 39,785 | 22.3x | 19.0x |
| Keurig Dr Pepper Inc.KDP | 35,713 | 17.2x | 13.7x |
| Industry Median | 32.2x | 19.0x | |
| (*) Profit after tax | 2,451 | 3,943 | |
| Equity Value | 78,931 | 74,828 | |
| (/) Outstanding shares | 1,298 | 1,298 | |
| Fair Price | $61 | $58 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.