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Moncler

BIT:MONC
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MONC
BIT
€9B
Market Cap
  1. Home
  2. IT
  3. Consumer Durables
Company description

Moncler S.p.A. designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler brand name in Italy, other European countries, the Middle East, Africa, Asia, the Americas, and internationally. The last earnings update was 8 days ago. More info.


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MONC Share Price and Events
7 Day Returns
2.3%
BIT:MONC
-1.2%
IT Luxury
-0.2%
IT Market
1 Year Returns
2.9%
BIT:MONC
-8.5%
IT Luxury
-8.8%
IT Market
MONC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Moncler (MONC) 2.3% 6.7% 21.4% 2.9% 160.4% 193.1%
IT Luxury -1.2% -1.6% 2.1% -8.5% 5.4% 11.2%
IT Market -0.2% 2.5% 10.1% -8.8% 3.5% -35.4%
1 Year Return vs Industry and Market
  • MONC outperformed the Luxury industry which returned -8.5% over the past year.
  • MONC outperformed the Market in Italy which returned -8.8% over the past year.
Price Volatility
MONC
Industry
5yr Volatility vs Market

MONC Value

 Is Moncler undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Moncler to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Moncler.

BIT:MONC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 21 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:MONC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 24%) (1.03%))
0.823
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (0.823 * 9.02%)
10.36%

Discounted Cash Flow Calculation for BIT:MONC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Moncler is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BIT:MONC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.36%)
2019 308.36 Analyst x11 279.43
2020 339.70 Analyst x12 278.94
2021 379.67 Analyst x9 282.50
2022 434.00 Analyst x1 292.63
2023 487.00 Analyst x1 297.55
2024 530.55 Est @ 8.94% 293.74
2025 568.43 Est @ 7.14% 285.18
2026 601.84 Est @ 5.88% 273.61
2027 631.90 Est @ 4.99% 260.32
2028 659.55 Est @ 4.38% 246.22
Present value of next 10 years cash flows €2,790.12
BIT:MONC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €659.55 × (1 + 2.93%) ÷ (10.36% – 2.93%)
€9,148.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €9,148.04 ÷ (1 + 10.36%)10
€3,415.04
BIT:MONC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,790.12 + €3,415.04
€6,205.16
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €6,205.16 / 251.34
€24.69
BIT:MONC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €24.69
Current discount Discount to share price of €37.14
= -1 x (€37.14 - €24.69) / €24.69
-50.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Moncler is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Moncler's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Moncler's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:MONC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.32
BIT:MONC Share Price ** BIT (2019-04-24) in EUR €37.14
Italy Luxury Industry PE Ratio Median Figure of 15 Publicly-Listed Luxury Companies 16.41x
Italy Market PE Ratio Median Figure of 243 Publicly-Listed Companies 15.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Moncler.

BIT:MONC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:MONC Share Price ÷ EPS (both in EUR)

= 37.14 ÷ 1.32

28.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Moncler is overvalued based on earnings compared to the IT Luxury industry average.
  • Moncler is overvalued based on earnings compared to the Italy market.
Price based on expected Growth
Does Moncler's expected growth come at a high price?
Raw Data
BIT:MONC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
8.6%per year
Italy Luxury Industry PEG Ratio Median Figure of 10 Publicly-Listed Luxury Companies 2.34x
Italy Market PEG Ratio Median Figure of 160 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

BIT:MONC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.1x ÷ 8.6%

3.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Moncler is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Moncler's assets?
Raw Data
BIT:MONC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.28
BIT:MONC Share Price * BIT (2019-04-24) in EUR €37.14
Italy Luxury Industry PB Ratio Median Figure of 21 Publicly-Listed Luxury Companies 1.81x
Italy Market PB Ratio Median Figure of 317 Publicly-Listed Companies 1.51x
BIT:MONC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:MONC Share Price ÷ Book Value per Share (both in EUR)

= 37.14 ÷ 4.28

8.68x

* Primary Listing of Moncler.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Moncler is overvalued based on assets compared to the IT Luxury industry average.
X
Value checks
We assess Moncler's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Moncler has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MONC Future Performance

 How is Moncler expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Moncler expected to grow at an attractive rate?
  • Moncler's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Moncler's earnings growth is positive but not above the Italy market average.
  • Moncler's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:MONC Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:MONC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 8.6%
BIT:MONC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 10.8%
Italy Luxury Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
Italy Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6%
Italy Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:MONC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:MONC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,515 2
2022-12-31 2,280 3
2021-12-31 2,033 510 434 14
2020-12-31 1,834 464 387 21
2019-12-31 1,629 429 360 21
BIT:MONC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,420 466 332
2018-09-30 1,350 409 301
2018-06-30 1,280 353 269
2018-03-31 1,237 333 260
2017-12-31 1,194 314 250
2017-09-30 1,148 305 227
2017-06-30 1,101 297 204
2017-03-31 1,071 287 200
2016-12-31 1,040 277 196
2016-09-30 1,012 306 190
2016-06-30 931 231 167
2016-03-31 853 154 145

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Moncler's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
  • Moncler's revenue is expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:MONC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Moncler Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:MONC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.71 1.86 1.61 11.00
2020-12-31 1.53 1.68 1.45 16.00
2019-12-31 1.43 1.48 1.29 16.00
BIT:MONC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.32
2018-09-30 1.19
2018-06-30 1.07
2018-03-31 1.03
2017-12-31 0.99
2017-09-30 0.90
2017-06-30 0.82
2017-03-31 0.80
2016-12-31 0.79
2016-09-30 0.76
2016-06-30 0.67
2016-03-31 0.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Moncler is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Moncler's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Moncler has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MONC Past Performance

  How has Moncler performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Moncler's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Moncler has delivered over 20% year on year earnings growth in the past 5 years.
  • Moncler's 1-year earnings growth exceeds its 5-year average (33.1% vs 23.2%)
  • Moncler's earnings growth has exceeded the IT Luxury industry average in the past year (33.1% vs 23.9%).
Earnings and Revenue History
Moncler's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Moncler Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:MONC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,420.07 332.40 685.74
2018-09-30 1,349.84 300.94 653.23
2018-06-30 1,279.61 269.48 620.72
2018-03-31 1,236.65 259.58 598.68
2017-12-31 1,193.70 249.69 576.64
2017-09-30 1,147.60 226.99 554.35
2017-06-30 1,101.49 204.29 532.07
2017-03-31 1,070.90 200.16 511.20
2016-12-31 1,040.31 196.04 490.33
2016-09-30 1,012.28 189.99 479.07
2016-06-30 931.07 167.42 432.92
2016-03-31 852.61 145.03 401.50
2015-12-31 880.39 167.86 390.83
2015-09-30 806.39 152.54 356.19
2015-06-30 771.68 146.30 336.41
2015-03-31 749.79 146.50 320.53
2014-12-31 694.19 130.34 295.08
2014-09-30 640.91 110.18 270.64
2014-06-30 615.67 98.92 260.42
2014-03-31 600.37 95.89 252.74
2013-12-31 580.58 92.12 241.54
2013-09-30 547.00 90.40 227.57
2012-12-31 489.18 82.41 195.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Moncler has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Moncler used its assets more efficiently than the IT Luxury industry average last year based on Return on Assets.
  • Moncler's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Moncler's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Moncler has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MONC Health

 How is Moncler's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Moncler's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Moncler is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Moncler's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Moncler's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Moncler Company Filings, last reported 3 months ago.

BIT:MONC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,068.88 96.43 546.28
2018-09-30 1,068.88 96.43 546.28
2018-06-30 870.79 81.51 325.38
2018-03-31 870.79 81.51 325.38
2017-12-31 923.53 93.08 394.14
2017-09-30 923.53 93.08 394.14
2017-06-30 735.35 113.19 235.59
2017-03-31 735.35 113.19 235.59
2016-12-31 703.57 140.61 243.39
2016-09-30 703.57 140.61 243.39
2016-06-30 537.32 202.88 115.79
2016-03-31 537.32 202.88 115.79
2015-12-31 546.81 198.20 148.60
2015-09-30 477.11 239.41 86.53
2015-06-30 415.82 277.46 102.11
2015-03-31 455.69 240.75 156.41
2014-12-31 420.57 234.57 123.42
2014-09-30 358.20 302.59 84.77
2014-06-30 304.30 293.37 87.02
2014-03-31 334.67 251.38 87.50
2013-12-31 310.59 276.36 105.30
2013-09-30 245.39 363.54 121.25
2012-12-31 241.05 324.74 94.68
  • Moncler's level of debt (9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (88.8% vs 9% today).
  • Debt is well covered by operating cash flow (483.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 718.9x coverage).
X
Financial health checks
We assess Moncler's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Moncler has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MONC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.08%
Current annual income from Moncler dividends. Estimated to be 1.39% next year.
If you bought €2,000 of Moncler shares you are expected to receive €22 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Moncler's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (2.13%).
  • Moncler's dividend is below the markets top 25% of dividend payers in Italy (4.41%).
Upcoming dividend payment

Purchase Moncler before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:MONC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
Italy Luxury Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.8%
Italy Market Average Dividend Yield Market Cap Weighted Average of 186 Stocks 4%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.2%
Italy Bottom 25% Dividend Yield 25th Percentile 2.1%
Italy Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:MONC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.64 1.00
2021-12-31 0.60 13.00
2020-12-31 0.50 20.00
2019-12-31 0.46 18.00
BIT:MONC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-16 0.400 1.089
2019-02-28 0.400 1.105
2018-04-18 0.280 0.812
2018-02-26 0.280 0.912
2017-04-20 0.180 0.765
2017-02-28 0.180 0.888
2016-03-03 0.140 0.904
2015-04-23 0.120 0.788
2015-03-04 0.120 0.770
2014-11-11 0.100 0.840
2014-04-07 0.100 0.843
2014-02-24 0.000 0.000
2013-12-16 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Moncler is not paying a notable dividend for Italy, therefore no need to check if the payments are stable.
  • Moncler is not paying a notable dividend for Italy, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Moncler's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Moncler's dividends as it is not paying a notable one for Italy.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Moncler's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Moncler afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Moncler has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MONC Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Remo Ruffini
COMPENSATION €3,974,605
AGE 57
TENURE AS CEO 16.3 years
CEO Bio

Mr. Remo Ruffini has been the Chairman and Chief Executive Officer of Moncler S.p.A. since 2003 and has also been its General Manager since January 1, 2015. Mr. Ruffini served as Creative Director of Moncler S.p.A. since 2003. He serves as President of Moncler S.p.A. His training took place in Italy and the United States, where, even before finishing his studies, he began his professional experience in the world of fashion by assisting his father Gianfranco. Returning to Italy in 1984, Remo Ruffini founded New England, initially a men’s shirt factory which later turned to total look sportswear, supported by steady growth of sales and by the expansion of distribution in European, American and Japanese territory. In 1993 Ruffini created Ingrose, a highly successful women’s collection. In 2003 he acquired the Moncler brand, becoming member and President. Thanks to a strong strategic vision, in the ensuing ten years he developed his “global down jacket” project, concluding numerous projects and becoming a player in the sector at world level

CEO Compensation
  • Remo's compensation has been consistent with company performance over the past year.
  • Remo's remuneration is higher than average for companies of similar size in Italy.
Management Team Tenure

Average tenure and age of the Moncler management team in years:

5.8
Average Tenure
57
Average Age
  • The average tenure for the Moncler management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Remo Ruffini

TITLE
Chairman & CEO
COMPENSATION
€4M
AGE
57
TENURE
16.3 yrs

Roberto Eggs

TITLE
Chief Marketing and Operating Officer & Executive Director
AGE
53

Paola Durante

TITLE
Investor Relations & Strategic Planning Director

Andrea Tieghi

TITLE
Senior Director of Retail & Business Development
COMPENSATION
€455K
TENURE
5.8 yrs

Luciano Santel

TITLE
Executive Director
AGE
62
TENURE
5.5 yrs
Board of Directors Tenure

Average tenure and age of the Moncler board of directors in years:

4.5
Average Tenure
56.5
Average Age
  • The tenure for the Moncler board of directors is about average.
Board of Directors

Remo Ruffini

TITLE
Chairman & CEO
COMPENSATION
€4M
AGE
57
TENURE
16.3 yrs

Marco De Benedetti

TITLE
Vice-Chairman & Lead Independent Director
COMPENSATION
€32K
AGE
56

Roberto Eggs

TITLE
Chief Marketing and Operating Officer & Executive Director
AGE
53

Luciano Santel

TITLE
Executive Director
AGE
62
TENURE
3 yrs

Gabriele di Genola e Suniglia

TITLE
Independent Director
COMPENSATION
€50K
AGE
71
TENURE
4.8 yrs

Diva Moriani

TITLE
Independent Director
COMPENSATION
€32K
AGE
50
TENURE
4.3 yrs

Riccardo Losi

TITLE
Chairman of the Board of Statutory Auditors
TENURE
2 yrs

Virginie Sarah Morgon

TITLE
Director
COMPENSATION
€22K
AGE
49
TENURE
8.3 yrs

Nerio Alessandri

TITLE
Independent Director
COMPENSATION
€50K
AGE
57
TENURE
5.3 yrs

Stephanie Phair

TITLE
Independent Director
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Apr 19 Sell Ruffini Partecipazioni Srl Company 05. Apr 19 05. Apr 19 -93,744 €37.26 €-3,492,901
03. Apr 19 Sell Ruffini Partecipazioni Srl Company 01. Apr 19 01. Apr 19 -70,560 €36.79 €0
X
Management checks
We assess Moncler's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Moncler has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MONC News

Simply Wall St News

Here's What Moncler S.p.A.'s (BIT:MONC) ROCE Can Tell Us

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Is Moncler S.p.A. (BIT:MONC) A Cash Cow?

(BIT:MONC), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Moncler generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … I will be analysing Moncler’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Why Moncler S.p.A. (BIT:MONC) Is A Financially Healthy Company

Investors looking for stocks with high market liquidity and zero debt on the balance sheet should consider Moncler S.p.A. … With a market valuation of €9.0b, MONC is a safe haven in times of market uncertainty due to its strong balance sheet. … In times of low liquidity in the market, these firms won’t be left high and dry.

Simply Wall St -

It's Time To Buy Moncler S.p.A. (BIT:MONC)

And I'm not talking about buying into speculative, high-risk stocks. … I'm talking about the well-proven, robust track record Moncler S.p.A.. … designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler brand name in Italy, other European countries, the Middle East, Africa, Asia, the Americas, and internationally

Simply Wall St -

Moncler S.p.A. (BIT:MONC): Will The Growth Last?

The most recent earnings release Moncler S.p.A.'s (BIT:MONC) announced in December 2018a … revealed

Simply Wall St -

What Kind Of Shareholders Own Moncler S.p.A. (BIT:MONC)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership. … institutions own shares in the company.

Simply Wall St -

Why Moncler S.p.A.'s (BIT:MONC) CEO Pay Matters To You

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. … How Does Remo Ruffini's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Why Moncler S.p.A. (BIT:MONC) Could Be Your Next Investment

(BIT:MONC) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of MONC, it.

Simply Wall St -

Should You Be Tempted To Sell Moncler S.p.A. (BIT:MONC) Because Of Its P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Moncler S.p.A.'s (BIT:MONC) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Stocks Take A Hit: How Will Moncler S.p.A. (BIT:MONC) Fare?

Moncler S.p.A. … We all know Moncler, and having this large-cap to cushion your portfolio during a volatile period in the stock market isn't a bad idea. … designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler brand name in Italy, other European countries, the Middle East, Africa, Asia, the Americas, and internationally

Simply Wall St -

MONC Company Info

Description

Moncler S.p.A. designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler brand name in Italy, other European countries, the Middle East, Africa, Asia, the Americas, and internationally. The company provides various collections, such as the Moncler Main, Moncler Grenoble, Moncler Lunettes, and Moncler Enfant collections. It also offers footwear; leather goods, such as bags, backpacks, and suitcases; and sunglasses and eyeglasses. As of December 31, 2018, the company operated 193 retail directly operated stores and 55 wholesale shop-in-shops. It also sells its products through moncler.com, an online store. The company was formerly known as Moncler S.r.l. and changed its name to Moncler S.p.A. in October 2013. Moncler S.p.A. was founded in 1952 and is based in Trebaseleghe, Italy.

Details
Name: Moncler S.p.A.
MONC
Exchange: BIT
Founded:
€9,334,764,665
251,339,921
Website: http://www.monclergroup.com
Address: Moncler S.p.A.
Via Venezia, 1,
Trebaseleghe,
Padova, 35010,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT MONC Ordinary Shares Borsa Italiana IT EUR 16. Dec 2013
OTCPK MONR.F Ordinary Shares Pink Sheets LLC US USD 16. Dec 2013
DB MOV Ordinary Shares Deutsche Boerse AG DE EUR 16. Dec 2013
LSE 0QII Ordinary Shares London Stock Exchange GB EUR 16. Dec 2013
WBAG MONC Ordinary Shares Wiener Boerse AG AT EUR 16. Dec 2013
BATS-CHIXE MONCM Ordinary Shares BATS 'Chi-X Europe' GB EUR 16. Dec 2013
OTCPK MONR.Y ADR Pink Sheets LLC US USD 30. Jun 2014
Number of employees
Current staff
Staff numbers
3,619
Moncler employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 22:27
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/04/16
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.