(MONC) Moncler SpA - Overview
Sector: Consumer Cyclical | Industry: Apparel Manufacturing | Exchange: MI (Italy) | Market Cap: 13.846m EUR | Total Return: -2.8% in 12m
Avg Turnover: 50.0M
Warnings
Choppy
Tailwinds
No distinct edge detected
Moncler S.p.A. is a Milan-based luxury group specializing in the design, production, and global distribution of high-end apparel and accessories. The company operates two primary brands: Moncler, known for its heritage in technical outerwear, and Stone Island, which focuses on innovative fabric treatments and utilitarian design.
The business model relies on a vertically integrated supply chain and a multi-channel distribution strategy that prioritizes Directly Operated Stores (DOS) to maintain brand equity and pricing integrity. This high-margin approach is characteristic of the luxury goods sector, where control over the retail environment is essential for sustaining premium positioning. Investors can further evaluate these operational metrics and valuation trends on ValueRay.
Geographically, the company maintains a diversified footprint across Europe, Asia, the Middle East, and the Americas. Its product portfolio extends beyond core outerwear to include footwear, leather goods, and eyewear, distributed through a network of flagship boutiques, luxury department stores, and integrated e-commerce platforms.
- Mainland China luxury demand volatility impacts core regional revenue growth
- Stone Island brand integration and retail expansion drive long-term margin scale
- Direct-to-consumer channel shift increases operating profitability and pricing control
- Winter weather patterns and seasonality dictate annual outerwear sales performance
- Global high-interest rates and inflation dampen aspirational consumer discretionary spending
| Net Income: 1.27b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -3.49 > 1.0 |
| NWC/Revenue: 22.32% < 20% (prev 19.20%; Δ 3.11% < -1%) |
| CFO/TA 0.38 > 3% & CFO 2.27b > Net Income 1.27b |
| Net Debt (-116.9m) to EBITDA (2.17b): -0.05 < 3 |
| Current Ratio: 2.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (271.6m) vs 12m ago 0.05% < -2% |
| Gross Margin: 78.08% > 18% (prev 0.72%; Δ 7.74k% > 0.5%) |
| Asset Turnover: 114.0% > 50% (prev 93.52%; Δ 20.45% > 0%) |
| Interest Coverage Ratio: 42.74 > 6 (EBITDA TTM 2.17b / Interest Expense TTM 42.8m) |
| A: 0.23 (Total Current Assets 2.37b - Total Current Liabilities 979.8m) / Total Assets 5.96b |
| B: 0.11 (Retained Earnings 626.7m / Total Assets 5.96b) |
| C: 0.33 (EBIT TTM 1.83b / Avg Total Assets 5.48b) |
| D: 0.30 (Book Value of Equity 626.7m / Total Liabilities 2.11b) |
| Altman-Z'' = 4.43 = AA |
| DSRI: 0.67 (Receivables 292.1m/325.6m, Revenue 6.24b/4.67b) |
| GMI: 0.92 (GM 78.08% / 72.15%) |
| AQI: 0.87 (AQ_t 0.35 / AQ_t-1 0.40) |
| SGI: 1.34 (Revenue 6.24b / 4.67b) |
| TATA: -0.17 (NI 1.27b - CFO 2.27b) / TA 5.96b) |
| Beneish M = -3.37 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at EUR 51.94 with a total of 1,209,175 shares traded.
Over the past week, the price has changed by +6.64%,
over one month by -2.01%,
over three months by -8.00% and
over the past year by -2.84%.
Moncler SpA has no consensus analysts rating.
P/E Trailing = 22.0693
P/E Forward = 21.0526
P/S = 4.4207
P/B = 3.5473
P/EG = 2.7901
Revenue TTM = 6.24b EUR
EBIT TTM = 1.83b EUR
EBITDA TTM = 2.17b EUR
Long Term Debt = 6.03m EUR (from longTermDebt, last quarter)
Short Term Debt = 13.1m EUR (from shortLongTermDebt, last quarter)
Debt = 1.11b EUR (Leases only: 1.11b)
Net Debt = -116.9m EUR (calculated: Debt 1.11b - CCE 1.23b)
Enterprise Value = 13.7b EUR (13.8b + Debt 1.11b - CCE 1.23b)
Interest Coverage Ratio = 42.74 (Ebit TTM 1.83b / Interest Expense TTM 42.8m)
EV/FCF = 18.54x (Enterprise Value 13.7b / FCF TTM 740.4m)
FCF Yield = 5.39% (FCF TTM 740.4m / Enterprise Value 13.7b)
FCF Margin = 11.86% (FCF TTM 740.4m / Revenue TTM 6.24b)
Net Margin = 20.29% (Net Income TTM 1.27b / Revenue TTM 6.24b)
Gross Margin = 78.08% ((Revenue TTM 6.24b - Cost of Revenue TTM 1.37b) / Revenue TTM)
Gross Margin QoQ = 78.90% (prev 76.85%)
Tobins Q-Ratio = 2.30 (Enterprise Value 13.7b / Total Assets 5.96b)
Interest Expense / Debt = 3.86% (Interest Expense 42.8m / Debt 1.11b)
Taxrate = 29.25% (195.7m / 668.9m)
NOPAT = 1.29b (EBIT 1.83b * (1 - 29.25%))
Current Ratio = 2.42 (Total Current Assets 2.37b / Total Current Liabilities 979.8m)
Debt / Equity = 0.29 (Debt 1.11b / totalStockholderEquity, last quarter 3.85b)
Debt / EBITDA = -0.05 (Net Debt -116.9m / EBITDA 2.17b)
Debt / FCF = -0.16 (Net Debt -116.9m / FCF TTM 740.4m)
Total Stockholder Equity = 3.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 23.12% (Net Income 1.27b / Total Assets 5.96b)
RoE = 36.39% (Net Income TTM 1.27b / Total Stockholder Equity 3.48b)
RoCE = 52.48% (EBIT 1.83b / Capital Employed (Equity 3.48b + L.T.Debt 6.03m))
RoIC = 29.00% (NOPAT 1.29b / Invested Capital 4.46b)
WACC = 7.41% (E(13.8b)/V(15.0b) * Re(7.78%) + D(1.11b)/V(15.0b) * Rd(3.86%) * (1-Tc(0.29)))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 29.02 | Cagr: 1.67%
[DCF] Terminal Value 74.47% ; FCFF base≈762.0m ; Y1≈721.6m ; Y5≈679.9m
[DCF] Fair Price = 39.87 (EV 10.7b - Net Debt -116.9m = Equity 10.8b / Shares 271.6m; r=8.35% [WACC [floored]]; 5y FCF grow -6.79% → 2.50% )
EPS Correlation: 19.96 | EPS CAGR: 2.31% | SUE: -4.0 | # QB: -1
Revenue Correlation: 87.58 | Revenue CAGR: 3.79% | SUE: 0.16 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.28 | Chg30d=-180.24% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.59 | Chg30d=+41.63% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=2.39 | Chg30d=+0.88% | Revisions=+42% | GrowthEPS=+3.4% | GrowthRev=+4.5%
EPS next Year (2027-12-31): EPS=2.60 | Chg30d=+0.77% | Revisions=+39% | GrowthEPS=+8.9% | GrowthRev=+7.3%
[Analyst] Revisions Ratio: +42%