New Risk • 15h
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 53% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Upcoming Dividend • May 11
Upcoming dividend of €0.077 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (5.3%). Reported Earnings • Mar 21
Full year 2025 earnings released Full year 2025 results: Revenue: €931.6m (flat on FY 2024). Net income: €54.0m (down 10% from FY 2024). Profit margin: 5.8% (down from 6.4% in FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Announcement • Dec 25
Arnoldo Mondadori Editore S.p.A. to Report Fiscal Year 2025 Results on Mar 19, 2026 Arnoldo Mondadori Editore S.p.A. announced that they will report fiscal year 2025 results on Mar 19, 2026 Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: €0.19 (vs €0.20 in 3Q 2024) Third quarter 2025 results: EPS: €0.19 (down from €0.20 in 3Q 2024). Revenue: €314.9m (down 1.2% from 3Q 2024). Net income: €48.2m (down 7.6% from 3Q 2024). Profit margin: 15% (down from 16% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 18% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Nov 17
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 24 November 2025. Payment date: 26 November 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of Italian dividend payers (4.9%). Higher than average of industry peers (5.8%). Reported Earnings • Aug 03
Second quarter 2025 earnings released: EPS: €0.06 (vs €0.055 in 2Q 2024) Second quarter 2025 results: EPS: €0.06 (up from €0.055 in 2Q 2024). Revenue: €225.1m (up 1.8% from 2Q 2024). Net income: €16.5m (up 16% from 2Q 2024). Profit margin: 7.3% (up from 6.4% in 2Q 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Price Target Changed • Jul 23
Price target decreased by 9.8% to €2.75 Down from €3.05, the current price target is an average from 4 analysts. New target price is 29% above last closing price of €2.14. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year. New Risk • May 26
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • May 16
First quarter 2025 earnings released: €0.05 loss per share (vs €0.027 loss in 1Q 2024) First quarter 2025 results: €0.05 loss per share (further deteriorated from €0.027 loss in 1Q 2024). Revenue: €164.4m (down 1.0% from 1Q 2024). Net loss: €13.0m (loss widened 83% from 1Q 2024). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • May 12
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Italian dividend payers (5.5%). Higher than average of industry peers (5.7%). New Risk • Mar 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 50% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Announcement • Mar 17
Arnoldo Mondadori Editore S.p.A., Annual General Meeting, Apr 16, 2025 Arnoldo Mondadori Editore S.p.A., Annual General Meeting, Apr 16, 2025, at 11:00 W. Europe Standard Time. Reported Earnings • Mar 13
Full year 2024 earnings released Full year 2024 results: Revenue: €934.7m (up 3.3% from FY 2023). Net income: €60.2m (down 3.5% from FY 2023). Profit margin: 6.4% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
Arnoldo Mondadori Editore S.p.A. to Report Fiscal Year 2024 Results on Mar 12, 2025 Arnoldo Mondadori Editore S.p.A. announced that they will report fiscal year 2024 results on Mar 12, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: €0.20 (vs €0.21 in 3Q 2023) Third quarter 2024 results: EPS: €0.20 (down from €0.21 in 3Q 2023). Revenue: €318.7m (flat on 3Q 2023). Net income: €52.2m (down 3.5% from 3Q 2023). Profit margin: 16% (in line with 3Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 11
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 18 November 2024. Payment date: 20 November 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (5.7%). Announcement • Oct 15
Arnoldo Mondadori Editore S.p.A. to Report Q3, 2024 Results on Nov 13, 2024 Arnoldo Mondadori Editore S.p.A. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €221.1m (up 9.2% from 2Q 2023). Net income: €14.2m (down 19% from 2Q 2023). Profit margin: 6.4% (down from 8.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2024 earnings released: €0.027 loss per share (vs €0.02 loss in 1Q 2023) First quarter 2024 results: €0.027 loss per share (further deteriorated from €0.02 loss in 1Q 2023). Revenue: €166.1m (up 3.8% from 1Q 2023). Net loss: €7.09m (loss widened 36% from 1Q 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 13
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (6.1%). Price Target Changed • Mar 18
Price target increased by 8.7% to €3.07 Up from €2.83, the current price target is an average from 5 analysts. New target price is 43% above last closing price of €2.14. Stock is up 18% over the past year. Reported Earnings • Mar 15
Full year 2023 earnings released Full year 2023 results: Revenue: €904.7m (flat on FY 2022). Net income: €62.4m (up 20% from FY 2022). Profit margin: 6.9% (up from 5.8% in FY 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Media industry in Italy. Reported Earnings • Nov 09
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €317.6m (down 1.7% from 3Q 2022). Net income: €54.1m (down 2.5% from 3Q 2022). Profit margin: 17% (in line with 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €202.4m (flat on 2Q 2022). Net income: €17.4m (up 23% from 2Q 2022). Profit margin: 8.6% (up from 7.0% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Media industry in Italy. Buying Opportunity • Jul 21
Now 20% undervalued Over the last 90 days, the stock is up 7.1%. The fair value is estimated to be €2.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 3.6% in 2 years. Earnings is forecast to grow by 9.8% in the next 2 years. Buying Opportunity • Jul 06
Now 22% undervalued Over the last 90 days, the stock is up 4.2%. The fair value is estimated to be €2.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 4.0% in 2 years. Earnings is forecast to grow by 8.4% in the next 2 years. Buying Opportunity • May 22
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 1.1%. The fair value is estimated to be €2.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 2.2% in 2 years. Earnings is forecast to grow by 5.1% in the next 2 years. Upcoming Dividend • May 15
Upcoming dividend of €0.11 per share at 5.6% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (6.8%). Reported Earnings • May 12
First quarter 2023 earnings released: €0.02 loss per share (vs €0.044 loss in 1Q 2022) First quarter 2023 results: €0.02 loss per share (improved from €0.044 loss in 1Q 2022). Revenue: €160.0m (up 4.5% from 1Q 2022). Net loss: €5.20m (loss narrowed 54% from 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.0% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 21
Full year 2022 earnings released Full year 2022 results: Revenue: €903.0m (up 12% from FY 2021). Net income: €52.1m (up 18% from FY 2021). Profit margin: 5.8% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Media industry in Italy. Reported Earnings • Nov 16
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €323.1m (up 20% from 3Q 2021). Net income: €55.5m (up 23% from 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Media industry in Italy. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Non-Executive Independent Director Alceo Rapagna was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €323.1m (up 20% from 3Q 2021). Net income: €55.5m (up 23% from 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in Italy. Price Target Changed • Oct 22
Price target decreased to €2.70 Down from €2.93, the current price target is an average from 5 analysts. New target price is 58% above last closing price of €1.71. Stock is down 16% over the past year. The company is forecast to post earnings per share of €0.20 for next year compared to €0.17 last year. Price Target Changed • Aug 17
Price target decreased to €2.53 Down from €2.93, the current price target is an average from 4 analysts. New target price is 48% above last closing price of €1.71. Stock is down 13% over the past year. The company is forecast to post earnings per share of €0.19 for next year compared to €0.17 last year. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: €0.054 (vs €0.056 in 2Q 2021) Second quarter 2022 results: EPS: €0.054 (down from €0.056 in 2Q 2021). Revenue: €202.0m (up 15% from 2Q 2021). Net income: €14.2m (down 2.3% from 2Q 2021). Profit margin: 7.0% (down from 8.3% in 2Q 2021). Over the next year, revenue is forecast to grow 4.2%, compared to a 8.4% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 16
Upcoming dividend of €0.085 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Trailing yield: 4.5%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (6.1%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Non-Executive Independent Director Alceo Rapagna was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS €0.17 (vs €0.17 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €268.5m (up 6.1% from 3Q 2020). Net income: €45.0m (up 4.6% from 3Q 2020). Profit margin: 17% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year. Reported Earnings • Aug 01
Second quarter 2021 earnings released: EPS €0.058 (vs €0.023 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €175.6m (up 14% from 2Q 2020). Net income: €14.5m (up €20.4m from 2Q 2020). Profit margin: 8.3% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Major Estimate Revision • Jul 31
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €0.11 to €0.093 per share. Revenue forecast steady at €771.2m. Net income forecast to grow 198% next year vs 73% growth forecast for Media industry in Italy. Consensus price target of €2.60 unchanged from last update. Share price was steady at €1.96 over the past week. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 18% share price gain to €1.96, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Media industry in Italy. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.15 per share. Price Target Changed • Jun 19
Price target increased to €2.20 Up from €1.95, the current price target is an average from 3 analysts. New target price is 30% above last closing price of €1.69. Stock is up 59% over the past year. Reported Earnings • May 20
First quarter 2021 earnings released: €0.039 loss per share (vs €0.074 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €144.8m (up 7.0% from 1Q 2020). Net loss: €10.2m (loss narrowed 47% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Major Estimate Revision • May 18
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from €0.093 to €0.12. Revenue forecast steady at €768.7m. Net income forecast to grow 411% next year vs 50% growth forecast for Media industry in Italy. Consensus price target of €2.03 unchanged from last update. Share price rose 2.4% to €1.65 over the past week. Reported Earnings • Mar 20
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €744.0m (down 16% from FY 2019). Net income: €4.50m (down 85% from FY 2019). Profit margin: 0.6% (down from 3.3% in FY 2019). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 11
New 90-day high: €1.60 The company is up 22% from its price of €1.31 on 13 November 2020. The Italian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.68 per share. Price Target Changed • Feb 08
Price target raised to €1.91 Up from €1.70, the current price target is an average from 3 analysts. The new target price is 22% above the current share price of €1.56. As of last close, the stock is down 14% over the past year. Major Estimate Revision • Jan 28
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from €0.046 to €0.068. Revenue estimate for the same period was approximately flat at €736.5m. Net income is expected to shrink by 12% next year compared to 68% growth forecast for the Media industry in Italy . The consensus price target of €1.80 was unchanged from the last update. Share price is down by 4.4% to €1.36 over the past week. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.7%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the Media industry in Italy. Price Target Changed • Nov 12
Price target raised to €1.70 Up from €1.57, the current price target is an average from 2 analysts. The new target price is 30% above the current share price of €1.31. As of last close, the stock is down 36% over the past year. Is New 90 Day High Low • Nov 11
New 90-day high: €1.30 The company is up 16% from its price of €1.12 on 12 August 2020. The Italian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.06 per share.