5 Best Undervalued UK Stocks to Buy Now

3. Mondi plc (LSE:MNDI.L)

PE Ratio: 7.19

Mondi plc (LSE:MNDI.L) engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia. It employs 21,000 people with around 100 production sites. Mondi SCP, Mondi Limited, Simet S.A, Mondi Aberdeen Limited are subsidiaries of Mondi plc. 

On August 04, Mondi plc (LSE:MNDI.L) posted its earnings and discussed its revenue, which was €4.51 billion, up 35.4% compared to the revenue over the same period last year. An interim dividend for the year ending 31 December 2022 of 21.67 euro cents per ordinary share was paid recently as well. 

Mondi plc (LSE:MNDI.L) has its roots in South Africa where, in 1967, the company’s former owner, Anglo American plc, built the Merebank Mill in Durban. In 2000 the company increased its holdings in Neusiedler AG and Frantschach AG, both Austrian businesses, to 100% and 70% respectively.