Mondelez International, Inc.
MDLZ · scored from FY2025 filings · Shallow moat
Doesn't clear the bar
The four filters
Pricing power60
Median gross margin 39.1% over 10y, stable.
Returns on capital42
Median ROIC 9.7%, above the 9% hurdle in 60% of years.
Balance-sheet safety63
Net debt/EBITDA 0.1x, interest coverage 6x.
Capital discipline55
Owner earnings +5.0%/yr, share count flat.
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $4.4B
- Est. intrinsic value / share
- $24.75
- Recent price
- —
- Discount to value
- No price data
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.