Arnoldo Mondadori Editore S.p.A.

BATS-CHIXE:MNM Stock Report

Market Cap: €537.3m

Arnoldo Mondadori Editore Valuation

Is MNM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MNM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MNM (€2.06) is trading below our estimate of fair value (€3.57)

Significantly Below Fair Value: MNM is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for MNM?

Key metric: As MNM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MNM. This is calculated by dividing MNM's market cap by their current earnings.
What is MNM's PE Ratio?
PE Ratio9.7x
Earnings€55.39m
Market Cap€537.27m

Price to Earnings Ratio vs Peers

How does MNM's PE Ratio compare to its peers?

The above table shows the PE ratio for MNM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.8x
BMY Bloomsbury Publishing
14.5x-3.1%UK£547.0m
RCH Reach
6.8x17.8%UK£281.5m
FUTR Future
10.6x5.9%UK£962.6m
CAU Centaur Media
7.4x-17.5%UK£34.4m
MNM Arnoldo Mondadori Editore
9.7x9.9%€537.3m

Price-To-Earnings vs Peers: MNM is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (9.8x).


Price to Earnings Ratio vs Industry

How does MNM's PE Ratio compare vs other companies in the GB Media Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
No. of Companies6PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MNM is good value based on its Price-To-Earnings Ratio (9.7x) compared to the European Media industry average (12.4x).


Price to Earnings Ratio vs Fair Ratio

What is MNM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MNM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MNM's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MNM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.06
€3.19
+54.9%
4.0%€3.35€3.00n/a5
Nov ’25n/a
€3.21
0%
3.7%€3.35€3.00n/a5
Oct ’25n/a
€3.21
0%
3.7%€3.35€3.00n/a5
Sep ’25n/a
€3.17
0%
6.1%€3.35€2.80n/a5
Aug ’25n/a
€3.17
0%
6.1%€3.35€2.80n/a5
Jul ’25n/a
€3.17
0%
6.1%€3.35€2.80n/a5
Jun ’25n/a
€3.07
0%
7.3%€3.30€2.80n/a5
May ’25n/a
€3.07
0%
7.3%€3.30€2.80n/a5
Apr ’25n/a
€3.07
0%
7.3%€3.30€2.80n/a5
Mar ’25n/a
€2.83
0%
8.8%€3.20€2.50n/a4
Feb ’25n/a
€2.89
0%
10.1%€3.25€2.50n/a5
Jan ’25n/a
€2.89
0%
10.1%€3.25€2.50n/a5
Dec ’24n/a
€2.89
0%
10.1%€3.25€2.50n/a5
Nov ’24n/a
€2.89
0%
10.1%€3.25€2.50n/a5
Oct ’24n/a
€2.91
0%
9.6%€3.25€2.50n/a5
Sep ’24n/a
€2.91
0%
9.6%€3.25€2.50n/a5
Aug ’24n/a
€2.91
0%
9.1%€3.25€2.60n/a5
Jul ’24n/a
€2.77
0%
9.1%€3.20€2.50n/a5
Jun ’24n/a
€2.77
0%
9.1%€3.20€2.50n/a5
May ’24n/a
€2.77
0%
9.1%€3.20€2.50n/a5
Apr ’24€1.94
€2.77
+43.1%
9.1%€3.20€2.50n/a5
Mar ’24€1.83
€2.72
+48.3%
10.8%€3.20€2.40n/a5
Feb ’24n/a
€2.72
0%
10.8%€3.20€2.40n/a5
Jan ’24n/a
€2.72
0%
10.8%€3.20€2.40n/a5
Dec ’23€1.86
€2.76
+48.7%
9.9%€3.20€2.40n/a5
Nov ’23€1.72
€2.70
+56.6%
9.9%€3.20€2.40n/a5

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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