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General information

Sector: Basic Materials

The company is not available at Interactive Brokers

Mondi (JSE:MNP) is a leading global packaging and paper group with a focus on being sustainable by design. Mondi is contributing to a better world by making innovative solutions using paper where possible, plastic when useful.

Mondi's integrated business model provides distinct competitive advantages, using its key resources and relationships to convert raw materials into innovative and sustainable packaging and paper solutions for its customers.


Competitive advantages of Mondi's integrated business model:


  • Leading producer of paper and plastic solutions and uniquely positioned to meet sustainable packaging requirements
  • Leading market positions providing scale and ability to innovate with customers and service key accounts
  • Well-located operations with access to competitive fibre and a high-quality, well-invested, cost-advantaged asset base
  • Vertical integration reducing exposure to price volatility, providing security of supply and production and logistics optimisation
  • Focus on excellence and driving performance along the whole value chain
  • Disciplined capital allocation and robust financial position providing strategic flexibility



  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 5.1% (LTM), projected 5.1%
  • Share price is 32.0% higher than minimum and 17.0% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (6.1x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (8.0x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)353.73
Share price, USD: 18.86
Common stocks: 441 410 115

Dividend Yield:  0.0%
FCF Yield LTM / expected: 5.1% / 5.1%
EV / LTM EBITDA: 6.1x
Last revenue growth (y/y):  -14.7%
Last growth of EBITDA (y/y):  -28.6%
Historical revenue growth:  +4.9%
Historical growth of EBITDA:  +2.8%
EV / expected EBITDA:
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 8 323
Net Debt ($m): 1 756
EV (Enterprise Value): 10 079
EBITDA LTM ($m): 1 654
EV / LTM EBITDA: 6.1x
Price to Book: 1.26x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

‘Nothing is happening’: digital radio roll-out stalls

Plans to introduce digital radio as an alternative to the analogue FM and AM bands in South Africa appear to have fizzled out.

2024-02-02 12:24 +02:00
by Sandra Laurence

JSE:MNP JSE:AVI JSE:ISA

100 years of radio in South Africa – and still going strong

Radio in South Africa turns 100 years old today. But advances in technology mean the medium is not standing still.

2023-12-18 11:03 +02:00
by Sandra Laurence

JSE:MNP JSE:AVI

Eskom corruption is killing South Africa

Eskom has had to defend itself against armed robbery, fuel theft, sabotage and corruption – all of which are increasing the risk of a complete power outage.

2023-05-08 08:15 +02:00
by Paul Burkhardt

JSE:AGL JSE:SOL JSE:MNP JSE:NED JSE:AVI JSE:AEG JSE:ISA

Koeberg revamp at key stage as power grid reels

South Africa has entered a critical phase of revamping its sole nuclear plant and needs it to run according to plan.

2023-01-11 08:22 +02:00
by Paul Burkhardt

JSE:GLN JSE:AGL JSE:MNP JSE:AVI JSE:MPT

The dysfunctional company that’s wrecking South Africa’s economy

Fixing South Africa’s broken utility and its rickety power system is proving a crucial test for the ANC ahead of elections in 2024.

2022-09-27 19:12 +02:00
by Agency Staff

JSE:GLN JSE:AGL JSE:ABG JSE:MNP JSE:AVI JSE:MPT JSE:EMN JSE:EMH

Godongwana faces uphill battle to revive ailing economy

President Cyril Ramaphosa announced 10 changes to his cabinet, including the appointment of close political ally Enoch Godongwana as his new finance minister.

2021-08-06 05:51 +02:00
by Agency Staff

JSE:MNP JSE:AVI JSE:ISA

Minister paves way for digital radio in South Africa

Communications minister Stella Ndabeni-Abrahams has published a policy direction to industry regulator Icasa, asking it to fast-track the licensing of digital radio broadcasting services in South Africa.

2020-07-14 15:55 +02:00
by Duncan McLeod

JSE:MNP JSE:ISA

IMF rumours may be the scare South Africa needs

The threat of an International Monetary Fund bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy.

2019-08-20 05:10 +02:00
by Agency Staff

JSE:MNP JSE:ISA

Reuters Headlines

UPDATE 1-South Africa`s rand falls amid weak economic data

South Africa`s rand weakened against the dollar in afternoon trade on Wednesday, with market sentiment bruised by indicators painting a bleak outlook for the economy both at home and globally amid the coronavirus crisis.

2020-05-06

JSE:BHG JSE:BTI JSE:ANG JSE:MNP JSE:AVI

UPDATE 1-South African rand, stocks slide after GDP shrinks

South Africa`s rand fell sharply on Tuesday after third quarter economic growth showed a surprise contraction, underlying the weak state of the economy and growing risk of credit downgrades.

2019-12-03

JSE:MNP JSE:DSY JSE:JSE

UPDATE 1-South Africa`s rand lifted by EM demand, manufacturing surprise

* Tiger Brands leads rally by consumer firms (Adds latest figures, analyst quotes)

2019-06-11

JSE:CPI JSE:MNP JSE:DSY JSE:TBS JSE:JSE JSE:ARH

UPDATE 1-South Africa`s rand weakens, stocks hit three-month low

South Africa`s rand weakened on Wednesday, giving back gains it made following Tito Mboweni`s appointment as fiance minister, with investors banking profits ahead of a ratings decision on Friday.

2018-10-10

JSE:NPN JSE:MNP JSE:AVI JSE:JSE

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Releases

2022-08-12
Proposed disposal of Mondi Syktyvkar
2022-08-10
Employee Share Plans - Transactions in Mondi plc ordinary shares of €0.20 each
2022-08-04
2022 Interim Dividend ZAR/euro Exchange Rate
2022-08-04
Results for the six months ended 30 June 2022
2022-08-03
Notification of Major Interests in Shares
2022-07-22
Notification of Major Interests in Shares
2022-07-11
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2022-07-01
Sale of Personal Care Components business completed
2022-06-21
Notification of Major Interests in Shares
2022-06-20
Notification of Major Interests in Shares
2022-06-13
Employee Share Plans Transactions In Mondi plc Ordinary Shares Of €0.20 Each
2022-06-10
Regulatory Report on Payments to Governments in Respect of Logging Industries for the Year 2021
2022-05-12
Transactions in Mondi plc ordinary shares of €0.20 each
2022-05-10
Employee Share Plans - Transactions in Mondi plc ordinary shares of €0.20 each
2022-05-09
Transactions in Mondi plc Ordinary Shares of €0.20 Each
2022-05-06
Annual General Meeting
2022-05-05
Update on trading and Russian businesses
2022-05-03
Mondi Group – 2021 Final Dividend euro/sterling Exchange Rate
2022-04-29
Notification of Major Interests in Shares
2022-04-26
Notification of Major Interests in Shares
2022-04-11
Employee share plans - Transactions in Mondi plc ordinary shares of €0.20 each
2022-04-01
Notification of Major Interests in Shares
2022-03-30
Appointment of non-executive director
2022-03-25
Posting of integrated report, publication of sustainable development report and notice of annual general meeting
2022-03-14
Transactions in Mondi plc ordinary shares of €0.20 each
2022-03-14
Notification of transactions of directors and persons discharging managerial responsibilities (PDMRS)
2022-03-11
Update on Russian business activities
2022-03-09
Notification of Major Interests in Shares
2022-03-08
Employee share plans - Transactions in Mondi plc ordinary shares of €0.20 each
2022-03-03
2021 Final Dividend ZAR/euro Exchange Rate
2022-03-03
Full year results for the year ended 31 December 2021

SENS Announcements

2024-04-23
2023 Final Dividend Euro/Sterling Exchange Rate
2024-04-19
Statement Regarding Intention Not to Make an Offer for DS Smith Plc
2024-04-17
Notification of Major Interests in Shares
2024-04-09
Transactions In Mondi plc Ordinary Shares Of €0.22 each
2024-03-19
Posting Of Integrated Report, Publication Of Sustainable Development Report And Notice Of Annual General Meeting
2024-03-11
Amendment to Share Incentive Plan holdings – Section 3(A) and footnotes 2 and 3 Amended from Version of 22 February
2024-03-08
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.22 Each
2024-03-08
Agreement in principle and extension of PUSU deadline
2024-03-05
Notification of Major Interests in Shares
2024-02-26
Transactions In Mondi Plc Ordinary Shares Of €0.20 Each
2024-02-22
Public Opening Position Disclosure by a Party to an Offer
2024-02-22
2023 Final Dividend ZAR/Euro Exchange Rate
2024-02-22
Full year results for the year ended 31 December 2023
2024-02-12
Notification of Major Interests in Shares
2024-02-08
Transactions in Mondi plc ordinary shares of €0.22 each
2024-02-08
Statement Regarding Possible all Share Combination with DS Smith plc
2024-02-05
Mondi Completes Acquisition of Hinton Pulp Mill
2024-02-01
Notification of Major Interests in Shares
2024-02-01
Mondi Group – Special dividend euro/sterling exchange rate
2024-01-29
Share Consolidation Effective and Total Voting Rights
2024-01-25
Cash Payment in Respect of Fractional Entitlements to New Ordinary Shares
2024-01-19
Notification of Major Interests in Shares
2024-01-18
Notification of Major Interests in Shares
2024-01-15
Notification of Major Interests in Shares
2024-01-15
General Meeting results & finalisation announcement
2024-01-11
Notification of Major Interests in Shares
2024-01-09
Transactions In Mondi Plc Ordinary Shares Of €0.20 Each
2024-01-09
Notification of Major Interests in Shares
2024-01-08
Notification of Major Interests in Shares
2023-12-19
Transactions In Mondi plc Ordinary Shares Of €0.20 Each
2023-12-19
Notification of Major Interests in Shares
2023-12-19
Mondi Group – Special Dividend ZAR/euro Exchange Rate
2023-12-19
Publication of Circular and Notice of General Meeting
2023-12-11
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-12-07
Mondi Receives Final Payments from Sale of Syktyvkar; Net Proceeds to be Distributed to Mondi shareholders
2023-11-24
Transactions In Mondi Plc Ordinary Shares Of €0.20 Each
2023-11-23
Notification of Major Interests in Shares
2023-11-09
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-11-03
Notification of Major Interests in Shares
2023-10-19
Q3 2023 Trading Update
2023-10-10
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-10-04
Mondi completes sale of Mondi Syktyvkar, concluding Russian exit
2023-09-21
Notification of Major Interests in Shares
2023-09-18
Mondi announces agreement to sell Mondi Syktyvkar
2023-09-15
2023 Interim Dividend Euro/Sterling Exchange Rate
2023-09-14
Notification of Major Interests in Shares
2023-09-08
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-08-17
Notification of Major Interests in Shares
2023-08-08
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-08-03
Correction Announcement - Results for the Six Months Ended 30 June 2023
2023-08-03
2023 Interim Dividend ZAR/euro Exchange Rate
2023-08-03
Results for the six months ended 30 June 2023
2023-07-11
Transactions In Mondi plc Ordinary Shares Of €0.20 Each
2023-07-10
Hinton Pulp Mill Acquisition Supports Growth in Mondi’s Americas Paper Bags Business
2023-07-03
Mondi completes sale of three Russian converting operations
2023-06-19
Publication of Sustainability-Linked Bond Framework
2023-06-19
Regulatory Report on Payments to Governments in respect of Logging Industries for the Year 2022
2023-06-09
Transactions In Mondi Plc Ordinary Shares Of €0.20 Each
2023-06-07
Notification of Major Interests in Shares
2023-06-07
Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-06-05
Update on the proposed disposal of Mondi Syktyvkar
2023-05-26
Notification of Major Interests in Shares
2023-05-24
Notification of Major Interests in Shares
2023-05-11
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-05-11
Notification of Major Interests in Shares
2023-05-04
Results of Annual General Meeting
2023-05-04
Q1 2023 Trading Update
2023-04-26
Notification of Major Interests in Shares
2023-04-20
2022 Final Dividend Euro/Sterling Exchange Rate
2023-04-13
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-03-20
Notification of Major Interests in Shares
2023-03-20
Posting of Integrated Report, Publication of Sustainable Development Report and Notice of Annual General Meeting
2023-03-09
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-03-06
Notification of Major Interests in Shares
2023-03-06
Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-03-03
Notification of Transactions of Directors and Persons Discharging Managerial Responsbilities (PDMRs)
2023-02-23
Mondi Group – 2022 Final Dividend ZAR/euro Exchange Rate
2023-02-23
Full year results for the year ended 31 December 2022
2023-02-15
Appointment of Non-Executive Director
2023-02-09
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2023-01-24
Senior Independent Director appointment
2023-01-12
Mondi completes Duino mill acquisition
2023-01-11
Transactions in Mondi plc ordinary shares of €0.20 each
2023-01-05
Notification of Change in Director’s Details
2022-12-19
Mondi’s science-based Net-Zero targets for greenhouse gas emissions reduction validated by SBTi
2022-12-15
Notification of Major Interests in Shares
2022-12-15
Mondi to divest its packaging converting operations in Russia
2022-12-08
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2022-11-24
Notification of Major Interests in Shares
2022-11-08
Transactions In Mondi plc Ordinary Shares Of €0.20 Each
2022-10-18
Transactions in Mondi plc Ordinary Shares of €0.20 Each
2022-10-14
Trading update: Strong Q3 performance
2022-10-10
Employee Share Plans Transactions in Mondi plc Ordinary Shares Of €0.20 Each
2022-10-06
Notification of Major Interests in Shares
2022-09-16
Mondi Group – 2022 Interim Dividend Euro/Sterling Exchange Rate
2022-09-14
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2022-08-31
Notification of change in Director’s details
2022-08-22
Transaction in Mondi plc Ordinary Shares of €0.20 Each
2022-08-19
Notification of Major Interests in Shares
2022-08-16
Mondi to acquire Duino mill
2022-08-12
Proposed disposal of Mondi Syktyvkar
2022-08-10
Employee Share Plans - Transactions in Mondi plc ordinary shares of €0.20 each
2022-08-04
2022 Interim Dividend ZAR/euro Exchange Rate
2022-08-04
Results for the six months ended 30 June 2022
2022-08-03
Notification of Major Interests in Shares
2022-07-22
Notification of Major Interests in Shares
2022-07-11
Employee Share Plans Transactions in Mondi plc Ordinary Shares of €0.20 Each
2022-07-01
Sale of Personal Care Components business completed
2022-06-21
Notification of Major Interests in Shares
2022-06-20
Notification of Major Interests in Shares
2022-06-13
Employee Share Plans Transactions In Mondi plc Ordinary Shares Of €0.20 Each
2022-06-10
Regulatory Report on Payments to Governments in Respect of Logging Industries for the Year 2021
2022-05-12
Transactions in Mondi plc ordinary shares of €0.20 each
2022-05-10
Employee Share Plans - Transactions in Mondi plc ordinary shares of €0.20 each
2022-05-09
Transactions in Mondi plc Ordinary Shares of €0.20 Each