DB:MNL

Stock Analysis Report

Executive Summary

Gruppo MutuiOnline S.p.A., through its subsidiaries, provides retail credit and insurance brokerage, and credit-related outsourcing services in Italy.

Snowflake

Fundamentals

Proven track record second-rate dividend payer.

Share Price & News

How has Gruppo MutuiOnline's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.2%

MNL

1.0%

DE Consumer Finance

1.4%

DE Market


1 Year Return

8.4%

MNL

-24.8%

DE Consumer Finance

3.7%

DE Market

Return vs Industry: MNL exceeded the German Consumer Finance industry which returned -24.8% over the past year.

Return vs Market: MNL exceeded the German Market which returned 3.7% over the past year.


Shareholder returns

MNLIndustryMarket
7 Day2.2%1.0%1.4%
30 Day-1.1%-2.6%1.3%
90 Day7.8%-7.4%3.4%
1 Year10.4%8.4%-22.1%-24.8%7.0%3.7%
3 Year128.5%114.5%-34.0%-47.6%18.5%8.3%
5 Year302.7%264.1%-8.4%-35.9%42.2%22.9%

Price Volatility Vs. Market

How volatile is Gruppo MutuiOnline's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Gruppo MutuiOnline undervalued compared to its fair value and its price relative to the market?

16.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: MNL (€16.5) is trading above our estimate of fair value (€8.82)

Significantly Undervalued: MNL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MNL is poor value based on its PE Ratio (16.8x) compared to the Consumer Finance industry average (11x).

PE vs Market: MNL is good value based on its PE Ratio (16.8x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate MNL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MNL is overvalued based on its PB Ratio (7x) compared to the XE Consumer Finance industry average (1.1x).


Next Steps

Future Growth

How is Gruppo MutuiOnline forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNL's earnings are forecast to decline over the next 3 years (-7.6% per year).

Earnings vs Market: MNL's earnings are forecast to decline over the next 3 years (-7.6% per year).

High Growth Earnings: MNL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MNL's revenue (4.6% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: MNL's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if MNL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Gruppo MutuiOnline performed over the past 5 years?

25.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MNL's earnings have grown significantly by 25% per year over the past 5 years.

Accelerating Growth: MNL's earnings growth over the past year (34.7%) exceeds its 5-year average (25% per year).

Earnings vs Industry: MNL earnings growth over the past year (34.7%) exceeded the Consumer Finance industry 7.8%.


Return on Equity

High ROE: Whilst MNL's Return on Equity (41.48%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: MNL has a higher Return on Assets than the Consumer Finance industry average last year.


Return on Capital Employed

ROCE Improving: MNL's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Gruppo MutuiOnline's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MNL has a low level of unsold assets or inventory.

Debt Coverage by Assets: MNL's debt is not covered by short term assets (assets are 0.9x debt).


Financial Institutions Analysis

Asset Level: MNL's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MNL has a sufficient allowance for bad loans.

Low Risk Liabilities: MNL reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MNL has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MNL has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MNL has an appropriate level of bad loans.


Next Steps

Dividend

What is Gruppo MutuiOnline's current dividend yield, its reliability and sustainability?

1.79%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.5%markettop25%3.8%industryaverage4.7%forecastin3Years1.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MNL's dividend (1.79%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: MNL's dividend (1.79%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: MNL's dividend payments have been volatile in the past 10 years.

Growing Dividend: MNL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.9%), MNL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Gruppo MutuiOnline's salary, the management and board of directors tenure and is there insider trading?

10.0yrs

Average board tenure


CEO

Alessandro Fracassi (50yo)

11.5yrs

Tenure

€714,000

Compensation

Mr. Alessandro Fracassi has been the Chief Executive Officer of Gruppo MutuiOnline S.p.A since April 24, 2008 and serves as Chief Executive Officer of BPO Division. Mr. Fracassi served as the Chief Executi ...


CEO Compensation Analysis

Compensation vs. Market: Alessandro's total compensation ($USD795.37K) is below average for companies of similar size in the German market ($USD1.17M).

Compensation vs Earnings: Alessandro's compensation has been consistent with company performance over the past year.


Board Age and Tenure

10.0yrs

Average Tenure

49yo

Average Age

Experienced Board: MNL's board of directors are seasoned and experienced ( 10 years average tenure).


Insider Trading

Insider Buying: MNL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell€2,199,65317 Sep 19
Marco Pescarmona
EntityIndividual
Role
Chairman of the Board
Chairman
Shares143,000
Max Price€16.66
Sell€74,61417 Sep 19
Alessandro Fracassi
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares4,500
Max Price€16.66
Sell€61,07910 Jun 19
Alessandro Fracassi
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares3,578
Max Price€17.07
Sell€30,79810 Jun 19
Marco Pescarmona
EntityIndividual
Role
Chairman of the Board
Chairman
Shares1,809
Max Price€17.03
Sell€59,57629 May 19
Alessandro Fracassi
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares3,437
Max Price€17.35
Sell€81,06829 May 19
Marco Pescarmona
EntityIndividual
Role
Chairman of the Board
Chairman
Shares4,679
Max Price€17.35
Sell€61,52824 May 19
Marco Pescarmona
EntityIndividual
Role
Chairman of the Board
Chairman
Shares3,512
Max Price€17.54
Sell€34,58524 May 19
Alessandro Fracassi
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares1,985
Max Price€17.52
Sell€372,73311 Apr 19
Marco Pescarmona
EntityIndividual
Role
Chairman of the Board
Chairman
Shares20,000
Max Price€18.69
Sell€186,36611 Apr 19
Alessandro Fracassi
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares10,000
Max Price€18.69
Sell€180,72301 Apr 19
Marco Pescarmona
EntityIndividual
Role
Chairman of the Board
Chairman
Shares10,000
Max Price€18.28
Sell€153,54001 Apr 19
Alessandro Fracassi
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares8,500
Max Price€18.28
Sell€160,53511 Dec 18
Alessandro Fracassi
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares10,000
Max Price€16.08
Sell€80,23111 Dec 18
Marco Pescarmona
EntityIndividual
Role
Chairman of the Board
Chairman
Shares5,000
Max Price€16.07
Sell€74,50503 Dec 18
Marco Pescarmona
EntityIndividual
Role
Chairman of the Board
Chairman
Shares4,477
Max Price€16.98
Sell€133,02920 Nov 18
Marco Pescarmona
EntityIndividual
Role
Chairman of the Board
Chairman
Shares7,714
Max Price€17.34
Sell€133,02920 Nov 18
Alessandro Fracassi
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares7,714
Max Price€17.34

Ownership Breakdown


Management Team

  • Alessandro Fracassi (50yo)

    CEO & Executive Director

    • Tenure: 11.5yrs
    • Compensation: €714.00k
  • Marco Pescarmona (49yo)

    Chairman

    • Tenure: 11.5yrs
    • Compensation: €725.00k
  • Francesco Masciandaro

    CFO and Head of Administration & Control

    • Tenure: 0yrs
  • Walter Baraggia

    Head of Internal Audit

    • Tenure: 0yrs

Board Members

  • Fausto Boni (54yo)

    Non-Executive Director

    • Tenure: 13.4yrs
    • Compensation: €12.00k
  • Alessandro Fracassi (50yo)

    CEO & Executive Director

    • Tenure: 11.5yrs
    • Compensation: €714.00k
  • Marco Pescarmona (49yo)

    Chairman

    • Tenure: 11.5yrs
    • Compensation: €725.00k
  • Valeria Lattuada (49yo)

    Lead-Independent director

    • Tenure: 2.8yrs
    • Compensation: €14.00k
  • Chiara Damiana Burberi (52yo)

    Independent Non-Executive Director

    • Tenure: 5.5yrs
    • Compensation: €22.00k
  • Anna Artoni (52yo)

    Independent Non-Executive Director

    • Tenure: 5.5yrs
    • Compensation: €17.00k
  • Marco Zampetti (49yo)

    Non-Executive Director

    • Tenure: 12.3yrs
    • Compensation: €19.00k
  • Matteo Carlo Brabant (45yo)

    Independent Non-Executive Director

    • Tenure: 8.5yrs
    • Compensation: €20.00k
  • Klaus Gummerer (34yo)

    Independent Non-Executive Director

    • Tenure: 6.9yrs
    • Compensation: €25.00k
  • Stefano Gnocchi (45yo)

    Chairman of the Board of Statutory Auditors

    • Tenure: 13.4yrs

Company Information

Gruppo MutuiOnline S.p.A's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gruppo MutuiOnline S.p.A
  • Ticker: MNL
  • Exchange: DB
  • Founded:
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: €632.348m
  • Shares outstanding: 37.64m
  • Website: https://www.gruppomol.it

Number of Employees


Location

  • Gruppo MutuiOnline S.p.A
  • Via Desenzano 2
  • Milan
  • Milan
  • 20146
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MOLBIT (Borsa Italiana)YesCommon StockITEURJun 2007
MNLDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2007
0O2BLSE (London Stock Exchange)YesCommon StockGBEURJun 2007
MOLMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJun 2007

Biography

Gruppo MutuiOnline S.p.A., through its subsidiaries, provides retail credit and insurance brokerage, and credit-related outsourcing services in Italy. The company’s Broking division distributes mortgage lo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:02
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.