Discounted Cash Flow

Mondelez International, Inc.

MDLZ · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $25.9b $1.7b $1.6b 6.4% $1.07
2017 $25.9b (-0.1%) $2.9b (76.1%) $1.6b (-2.2%) 11.3% (76.3%) $1.93 (80.4%)
2018 $25.9b (0.2%) $3.4b (15.7%) $2.9b (80.7%) 13.0% (15.5%) $2.30 (19.2%)
2019 $25.9b (-0.3%) $3.9b (14.5%) $3.0b (6.6%) 15.0% (14.8%) $2.68 (16.5%)
2020 $26.6b (2.8%) $3.6b (-8.1%) $3.1b (2.0%) 13.4% (-10.6%) $2.48 (-7.5%)
2021 $28.7b (8.0%) $4.3b (21.0%) $3.2b (2.4%) 15.0% (11.9%) $3.06 (23.4%)
2022 $31.5b (9.7%) $2.7b (-36.8%) $3.0b (-5.5%) 8.6% (-42.4%) $1.97 (-35.6%)
2023 $36.0b (14.4%) $5.0b (82.5%) $4.4b (46.7%) 13.8% (59.6%) $3.64 (84.8%)
2024 $36.4b (1.2%) $4.6b (-7.0%) $4.6b (5.2%) 12.7% (-8.1%) $3.44 (-5.5%)
2025 $38.5b (5.8%) $2.5b (-46.8%) $3.2b (-30.2%) 6.4% (-49.7%) $1.89 (-45.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model