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Stock Comparison · Structural lead, mixed market

Mondi vs Steel Dynamics: Which Stock Looks Stronger in 2026?

Steel Dynamics holds the cleaner structural position, with the lead spread across profitability and stability. Mondi does not offset that deficit through any equally strong structural edge elsewhere. On the market side, Steel Dynamics is in better shape — its trend is intact while Mondi's trend has broken down. That puts structure and market broadly in agreement — Steel Dynamics's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (MNDI.L: STOXX 600, STLD: Russell 1000).

Updated 2026-07-05

This is not just a one-metric split: both profitability and stability materially support the lead. The overall score gap is 21 points in favour of Steel Dynamics, Inc..

Trajectory Similarity
0.76
Similar
Peer-set rank: #3
within Mondi plc's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The match is driven mainly by revenue growth trajectory and capital structure.

Similarity drivers
revenue growth trajectorycapital structure
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
MNDI.L
Mondi plc
54
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
STLD
Steel Dynamics, Inc.
75
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: MNDI.L vs STLD Profitability 52 80 Stability 38 64 Valuation 59 74 Growth 63 80 MNDI.L STLD
Gap Ranking
#1 Profitability +28
#2 Stability +26
#3 Growth +17
#4 Valuation +15
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MNDI.L and STLD Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MNDI.LSTLD Relative valuation Structural strength

Steel Dynamics, Inc. looks stronger both structurally and on relative valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where MNDI.L and STLD each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY MNDI.L Lower · below norm 0th 50th 100th 95 pct gap STLD Elevated · above norm 0th 50th 100th 1st 96th
Today MNDI.L sits in the lower portion of its own 5-year history (1st percentile), while STLD sits higher in its own history (96th). Within each stock's own 5-year context, MNDI.L is at a historically more favourable entry position than STLD. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Both profiles are strong on profitability, but Steel Dynamics, Inc. leads clearly.
Stability
On stability, Steel Dynamics, Inc. is positioned higher in the group, while Mondi plc is closer to the middle.
Profitability — Dominant Gap
MNDI.L
52
STLD
80
Gap+28in favour of STLD

The profitability lead is mainly driven by a 7.7-point operating margin advantage.

What keeps the gap from being one-sided

Mondi plc still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both profitability and stability, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the MNDI.L vs STLD comparison across all dimensions with the full interactive tool.

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Similar profitability-and-stability comparisons

Explore how MNDI.L and STLD each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.