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MONC

MonclerBIT:MONC Stock Report

Market Cap

€14.5b

7D

4.2%

1Y

53.0%

Updated

27 Sep, 2021

Data

Company Financials +
MONC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends2/6

MONC 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 brand name.

Moncler Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Moncler
Historical stock prices
Current Share Price€53.82
52 Week High€33.33
52 Week Low€62.48
Beta1.01
1 Month Change-0.96%
3 Month Change-6.60%
1 Year Change52.99%
3 Year Change38.71%
5 Year Change259.52%
Change since IPO259.52%

Recent News & Updates

Shareholder Returns

MONCIT LuxuryIT Market
7D4.2%3.8%3.6%
1Y53.0%60.3%31.3%

Return vs Industry: MONC underperformed the Italian Luxury industry which returned 65.9% over the past year.

Return vs Market: MONC exceeded the Italian Market which returned 33.5% over the past year.

Price Volatility

Is MONC's price volatile compared to industry and market?
MONC volatility
MONC Beta1.01
Industry Beta1.13
Market Beta1

Stable Share Price: MONC is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MONC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19524,561Remo 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 brand name. 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. As of December 31, 2020, the company operated 219 retail directly operated stores and 63 wholesale shop-in-shops.

Moncler Fundamentals Summary

How do Moncler's earnings and revenue compare to its market cap?
MONC fundamental statistics
Market Cap€14.51b
Earnings (TTM)€382.44m
Revenue (TTM)€1.66b

37.9x

P/E Ratio

8.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MONC income statement (TTM)
Revenue€1.66b
Cost of Revenue€381.13m
Gross Profit€1.28b
Expenses€895.27m
Earnings€382.44m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.42
Gross Margin77.02%
Net Profit Margin23.05%
Debt/Equity Ratio8.0%

How did MONC perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

30%

Payout Ratio

Valuation

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

37.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MONC (€53.82) is trading above our estimate of fair value (€29.14)

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


Price To Earnings Ratio

PE vs Industry: MONC is poor value based on its PE Ratio (37.9x) compared to the Italian Luxury industry average (35.7x).

PE vs Market: MONC is poor value based on its PE Ratio (37.9x) compared to the Italian market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: MONC is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: MONC is overvalued based on its PB Ratio (6.8x) compared to the IT Luxury industry average (1.7x).


Future Growth

How is Moncler forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MONC's forecast earnings growth (13.5% per year) is above the savings rate (1.8%).

Earnings vs Market: MONC's earnings (13.5% per year) are forecast to grow faster than the Italian market (11.9% per year).

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

Revenue vs Market: MONC's revenue (11.7% per year) is forecast to grow faster than the Italian market (2.2% per year).

High Growth Revenue: MONC's revenue (11.7% 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 (17.4%).


Past Performance

How has Moncler performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MONC has high quality earnings.

Growing Profit Margin: MONC's current net profit margins (23.1%) are higher than last year (17.6%).


Past Earnings Growth Analysis

Earnings Trend: MONC's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: MONC's earnings growth over the past year (48.8%) exceeds its 5-year average (12.1% per year).

Earnings vs Industry: MONC earnings growth over the past year (48.8%) exceeded the Luxury industry -12.5%.


Return on Equity

High ROE: MONC's Return on Equity (17.9%) is considered low.


Financial Health

How is Moncler's financial position?


Financial Position Analysis

Short Term Liabilities: MONC's short term assets (€927.1M) exceed its short term liabilities (€687.9M).

Long Term Liabilities: MONC's short term assets (€927.1M) exceed its long term liabilities (€906.7M).


Debt to Equity History and Analysis

Debt Level: MONC's debt to equity ratio (8%) is considered satisfactory.

Reducing Debt: MONC's debt to equity ratio has reduced from 37.5% to 8% over the past 5 years.

Debt Coverage: MONC's debt is well covered by operating cash flow (317%).

Interest Coverage: MONC's interest payments on its debt are well covered by EBIT (22.7x coverage).


Balance Sheet


Dividend

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

0.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MONC's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.02%).

High Dividend: MONC's dividend (0.84%) is low compared to the top 25% of dividend payers in the Italian market (3.51%).


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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.3%), MONC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MONC's dividends in 3 years are forecast to be well covered by earnings (36% payout ratio).


Next Steps

Management

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

8.2yrs

Average management tenure


CEO

Remo Ruffini (60 yo)

18.67yrs

Tenure

€3,974,605

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 (8.2 years average tenure).


Board Members

Experienced Board: MONC's board of directors are considered experienced (5.4 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 been diluted in the past year, with total shares outstanding growing by 6.7%.


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
  • Market Cap: €14.509b
  • Shares outstanding: 269.58m
  • 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 Analysis2021/09/27 21:20
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.