company background image
MONC

Moncler BIT:MONC Stock Report

Last Price

€49.38

Market Cap

€13.3b

7D

0.2%

1Y

-20.2%

Updated

14 Aug, 2022

Data

Company Financials +
MONC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends2/6

MONC Stock Overview

Moncler S.p.A., together with its subsidiaries, designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler and Stone Island brand names.

Rewards

Earnings are forecast to grow 7.36% per year

Earnings have grown 12.9% per year over the past 5 years

Risk Analysis

No risks detected for MONC from our risk checks.

Moncler Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Moncler
Historical stock prices
Current Share Price€49.38
52 Week High€70.20
52 Week Low€35.00
Beta1.02
1 Month Change23.17%
3 Month Change11.27%
1 Year Change-20.20%
3 Year Change45.84%
5 Year Change109.15%
Change since IPO229.86%

Recent News & Updates

Aug 10
Moncler (BIT:MONC) Seems To Use Debt Rather Sparingly

Moncler (BIT:MONC) Seems To Use Debt Rather Sparingly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Jul 26
Returns On Capital Signal Tricky Times Ahead For Moncler (BIT:MONC)

Returns On Capital Signal Tricky Times Ahead For Moncler (BIT:MONC)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Jun 13
Estimating The Fair Value Of Moncler S.p.A. (BIT:MONC)

Estimating The Fair Value Of Moncler S.p.A. (BIT:MONC)

In this article we are going to estimate the intrinsic value of Moncler S.p.A. ( BIT:MONC ) by estimating the company's...

Shareholder Returns

MONCIT LuxuryIT Market
7D0.2%0.4%1.7%
1Y-20.2%-14.0%-16.0%

Return vs Industry: MONC underperformed the Italian Luxury industry which returned -14% over the past year.

Return vs Market: MONC underperformed the Italian Market which returned -16% over the past year.

Price Volatility

Is MONC's price volatile compared to industry and market?
MONC volatility
MONC Average Weekly Movement5.7%
Luxury Industry Average Movement5.6%
Market Average Movement4.9%
10% most volatile stocks in IT Market7.7%
10% least volatile stocks in IT Market3.1%

Stable Share Price: MONC is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MONC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19525,033Remo Ruffinihttps://www.monclergroup.com

Moncler S.p.A., together with its subsidiaries, designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler and Stone Island brand names. Its product portfolio includes footwear products; leather goods, such as bags, backpacks, and accessories; and sunglasses, eyeglasses, frames, and men’s and women’s ski goggles under the Moncler Lunettes brand. The company also offers perfume for men and women.

Moncler Fundamentals Summary

How do Moncler's earnings and revenue compare to its market cap?
MONC fundamental statistics
Market Cap€13.27b
Earnings (TTM)€554.33m
Revenue (TTM)€2.34b

23.9x

P/E Ratio

5.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MONC income statement (TTM)
Revenue€2.34b
Cost of Revenue€565.74m
Gross Profit€1.78b
Other Expenses€1.22b
Earnings€554.33m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.06
Gross Margin75.85%
Net Profit Margin23.66%
Debt/Equity Ratio4.2%

How did MONC perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MONC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.8x
Enterprise Value/EBITDA19.3x
PEG Ratio3.3x

Price to Earnings Ratio vs Peers

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

MONC PE Ratio vs Peers
The above table shows the PE ratio for MONC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average31x
BC Brunello Cucinelli
72.2x15.4%€3.9b
SFER Salvatore Ferragamo
29.5x19.1%€2.9b
SFL Safilo Group
12.6x1.6%€657.6m
OVS OVS
9.8x13.0%€475.8m
MONC Moncler
23.9x7.4%€13.3b

Price-To-Earnings vs Peers: MONC is good value based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (31x).


Price to Earnings Ratio vs Industry

How does MONC's PE Ratio compare vs other companies in the European Luxury Industry?

Price-To-Earnings vs Industry: MONC is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the Italian Luxury industry average (22.8x)


Price to Earnings Ratio vs Fair Ratio

What is MONC'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.

MONC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.9x
Fair PE Ratio25.8x

Price-To-Earnings vs Fair Ratio: MONC is good value based on its Price-To-Earnings Ratio (23.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).


Share Price vs Fair Value

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

Below Fair Value: MONC (€49.38) is trading above our estimate of fair value (€35.89)

Significantly Below Fair Value: MONC is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Future Growth

How is Moncler forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MONC's forecast earnings growth (7.4% per year) is above the savings rate (1.7%).

Earnings vs Market: MONC's earnings (7.4% per year) are forecast to grow slower than the Italian market (9.3% per year).

High Growth Earnings: MONC's earnings are forecast to grow, but not significantly.

Revenue vs Market: MONC's revenue (9.1% per year) is forecast to grow faster than the Italian market (0.01% per year).

High Growth Revenue: MONC's revenue (9.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MONC's Return on Equity is forecast to be low in 3 years time (18.5%).


Discover growth companies

Past Performance

How has Moncler performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MONC has high quality earnings.

Growing Profit Margin: MONC's current net profit margins (23.7%) are higher than last year (23.1%).


Past Earnings Growth Analysis

Earnings Trend: MONC's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: MONC's earnings growth over the past year (44.9%) exceeds its 5-year average (12.9% per year).

Earnings vs Industry: MONC earnings growth over the past year (44.9%) underperformed the Luxury industry 51.1%.


Return on Equity

High ROE: MONC's Return on Equity (22.3%) is considered high.


Discover strong past performing companies

Financial Health

How is Moncler's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MONC's short term assets (€1.0B) exceed its short term liabilities (€713.2M).

Long Term Liabilities: MONC's short term assets (€1.0B) exceed its long term liabilities (€677.9M).


Debt to Equity History and Analysis

Debt Level: MONC has more cash than its total debt.

Reducing Debt: MONC's debt to equity ratio has reduced from 15.3% to 4.2% over the past 5 years.

Debt Coverage: MONC's debt is well covered by operating cash flow (658.2%).

Interest Coverage: MONC's interest payments on its debt are well covered by EBIT (34.9x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.21%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MONC's dividend (1.22%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.65%).

High Dividend: MONC's dividend (1.22%) is low compared to the top 25% of dividend payers in the Italian market (5.18%).


Stability and Growth of Payments

Stable Dividend: MONC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MONC's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (29.2%), MONC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (28.6%), MONC's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.0yrs

Average management tenure


CEO

Remo Ruffini (61 yo)

19.58yrs

Tenure

€4,136,093

Compensation

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 Moncl...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Remo's total compensation is reasonable compared to companies of similar size in the Italian market.

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


Leadership Team

Experienced Management: MONC's management team is seasoned and experienced (9 years average tenure).


Board Members

Experienced Board: MONC's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Moncler S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Moncler S.p.A.
  • Ticker: MONC
  • Exchange: BIT
  • Founded: 1952
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: €13.275b
  • Shares outstanding: 268.82m
  • Website: https://www.monclergroup.com

Number of Employees


Location

  • Moncler S.p.A.
  • Via Stendhal 47
  • Milan
  • Milan
  • 20144
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.