Arnoldo Mondadori Editore SPA (MN) AI Stock Analysis

• Market Cap: €550.76M
• Dividend Yield: 6.34%
• Average Volume (3M): 302.20K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.54
• Revenue Growth: 0.29%
• EPS Growth: -4.85%
• Country: IT
• Employees: 1,881
• Sector: Communication Services
• Sector Strength: 97
• Industry: Publishing
• EPS (TTM): 0.18
• Shares Outstanding: 261,458,340
• 10 Day Avg. Volume: 314,923
• 30 Day Avg. Volume: 302,198
• PEG Ratio: -2.20
• Price to Book (P/B): 1.75
• Price to Sales (P/S): 0.59
• P/FCF Ratio: 7.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €2.90
• Price Target Upside: 36.79% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: €2.50 ▲(17.92% Upside)

The overall stock score is driven by strong financial performance and attractive valuation. The company's solid growth and profitability, combined with a high dividend yield, make it appealing. However, technical indicators suggest weak momentum, which slightly offsets the positive financial and valuation aspects.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and stability.

Cash Flow Strength

Strong cash flow generation provides the company with the ability to invest in growth opportunities and weather economic downturns, enhancing resilience.

Profitability

Improving profit margins reflect operational efficiency and effective cost management, contributing to sustainable financial health and competitive positioning.

Negative Factors

Earnings Per Share Decline

A decline in EPS growth can signal challenges in maintaining profitability, potentially impacting investor confidence and future capital raising efforts.

Debt Levels

While leverage is balanced, there is room for improvement in reducing debt levels to enhance financial stability and reduce interest burden.

Employee Count

A relatively high employee count in a digital age could indicate potential inefficiencies and higher operational costs, impacting margins.

Arnoldo Mondadori Editore SPA Business Overview & Revenue Model

Company Description

Arnoldo Mondadori Editore S.p.A., together with its subsidiaries, engages in publishing of books and magazines in Europe. The company offers fiction, non-fiction, and children's books in paper and digital formats under the Mondadori, Giulio Einaudi editore, Piemme, Sperling & Kupfer, Frassinelli, Rizzoli, BUR, Fabbri Editori, Rizzoli Lizard, and Mondadori Electa brands. It also provides school, legal, and university textbooks; courses, teaching tools, and multimedia content for various school levels; and art and architecture books, exhibition catalogues, museum guides, and sponsor books. In addition, it is involved in the management of museum concessions; the organization of exhibitions and cultural events under the Abscondita and Electa; and the operation of bookstore under the Rizzoli, Rizzoli New York, Rizzoli Electa, and Universe brands. Additionally, the company manages a network of bookstores in Italy under the Mondadori Megastore, Mondadori Bookstore, and Mondadori Point brands. It operates through a network of physical stores; and e-commerce channels, such as mondadoristore.it. The company was founded in 1907 and is headquartered in Segrate, Italy. Arnoldo Mondadori Editore S.p.A. is a subsidiary of Finanziaria d'investimento Fininvest S.p.A.

How the Company Makes Money

Arnoldo Mondadori Editore generates revenue primarily through the sale of printed books and digital media. Key revenue streams include direct sales to consumers via retail channels, as well as distribution agreements with bookstores and online platforms. Additionally, the company earns income from subscriptions and advertising in its magazine publications. Partnerships with authors and educational institutions also contribute to its earnings, particularly in the educational sector where textbooks are a significant source of revenue. Furthermore, the company may benefit from licensing deals and international rights sales, enhancing its revenue potential.

Arnoldo Mondadori Editore SPA Financial Statement Overview

Summary

Arnoldo Mondadori Editore SPA demonstrates solid financial performance across all key verticals. The income statement reflects strong growth and profitability, the balance sheet shows moderate leverage with potential for further improvement, and cash flows are robust, supporting operational and strategic initiatives.

Income Statement

The company has shown consistent revenue growth, with a notable increase from 2023 to 2024. The gross profit margin is strong, and the net profit margin has improved over the years. The EBIT and EBITDA margins are also healthy, indicating operational efficiency. Overall, the income statement reflects a robust performance with a positive trajectory.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, indicating balanced leverage. The return on equity has been increasing, reflecting efficient use of equity to generate profits. The equity ratio indicates a stable financial position, but there is room for improvement in reducing debt levels to enhance financial stability further.

Cash Flow

The cash flow statement reveals a positive free cash flow growth, ensuring liquidity and operational flexibility. The operating cash flow to net income ratio is strong, highlighting effective cash generation from operations. The free cash flow to net income ratio is also favorable, indicating efficient conversion of income into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	937.08M	934.73M	904.74M	903.00M	807.35M	743.99M
Gross Profit	456.37M	654.08M	299.76M	560.19M	498.41M	449.13M
EBITDA	152.79M	156.86M	145.78M	121.48M	85.15M	58.16M
Net Income	56.62M	60.21M	62.41M	52.07M	44.21M	4.50M
Balance Sheet
Total Assets	1.09B	1.14B	1.04B	1.01B	1.02B	876.05M
Cash, Cash Equivalents and Short-Term Investments	20.54M	111.29M	49.72M	34.95M	90.72M	113.58M
Total Debt	291.00M	255.14M	188.65M	201.87M	248.87M	221.83M
Total Liabilities	809.59M	819.97M	747.21M	745.82M	803.85M	703.64M
Stockholders Equity	279.52M	316.07M	288.08M	259.56M	219.57M	172.41M
Cash Flow
Free Cash Flow	0.00	77.47M	81.12M	64.44M	78.61M	60.99M
Operating Cash Flow	0.00	125.82M	121.58M	98.55M	96.09M	81.89M
Investing Cash Flow	0.00	-62.47M	-31.54M	-71.50M	-145.36M	-2.30M
Financing Cash Flow	0.00	-1.79M	-75.26M	-82.82M	30.48M	-13.55M

Arnoldo Mondadori Editore SPA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:MN, the sentiment is Positive. The current price of 2.12 is above the 20-day moving average (MA) of 2.10, above the 50-day MA of 2.06, and above the 200-day MA of 2.03, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 54.82 is Neutral, neither overbought nor oversold. The STOCH value of 68.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:MN.

Arnoldo Mondadori Editore SPA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MN	74 Outperform	€550.76M	10.47	16.46%	6.34%	0.29%	-4.85%
RCS	68 Neutral	€510.14M	8.10	14.78%	7.30%	-1.41%	3.84%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%

Arnoldo Mondadori Editore SPA Corporate Events

Mondadori Buys Majority of Edilportale to Cement Digital Leadership in Architecture and Design

Arnoldo Mondadori Editore has agreed to acquire 58.84% of Edilportale.com S.p.A., an international provider of digital content, services and platforms for the architecture, design and construction sectors, for €31.2 million, valuing the target at €50 million enterprise value. The deal will be followed in 2027 by the contribution of 100% of Edilportale.com into Mondadori Digital in exchange for reserved capital increases, leaving Mondadori with roughly 89% of Mondadori Digital and Edilportale’s founders with 11%. Edilportale.com, whose key asset is Archiproducts.com, brings over 4 million registered users, 5.5 million social followers, a catalogue of 3,500 design brands and 2024 revenues of €26.7 million with a strong international component, positioning Mondadori as a digital leader in the architecture and design vertical and enhancing its presence abroad. Management highlighted that integrating Edilportale.com will lift Mondadori Digital’s 2025 pro‑forma revenues to around €110 million with an 18–20% EBITDA margin, strengthening the group’s positioning as Italy’s leading publisher in digital and social media and creating new opportunities to bundle MarTech, e‑commerce and AI‑driven marketing solutions for brands, architects and designers worldwide.

The most recent analyst rating on (IT:MN) stock is a Buy with a EUR2.70 price target. To see the full list of analyst forecasts on Arnoldo Mondadori Editore SPA stock, see the IT:MN Stock Forecast page.

Mondadori Group Publishes 2026 Financial Calendar and Reporting Dates

The Mondadori Group has released its 2026 corporate events calendar, setting out the key dates for approval and disclosure of its 2025 annual results and 2026 interim financial reports. The Board of Directors will review the FY 2025 Annual Financial Report on 19 March 2026, the additional periodic report as of 31 March on 13 May, the Half-Year Report as of 30 June on 30 July, and the additional periodic report as of 30 September on 12 November, with the shareholders’ meeting to approve the 2025 annual accounts scheduled for 21 April 2026 (22 April on second call if needed). Presentations to the financial community will be held on the same days as the relevant board meetings, and, in line with its obligations as an Euronext STAR Milan issuer, Mondadori will publish first- and third-quarter additional periodic financial reporting within 45 days of quarter-end, maintaining the existing structure and disclosure standards of its interim statements. The detailed calendar underlines the group’s commitment to timely, regulated financial communication and transparency toward investors and the market.

The most recent analyst rating on (IT:MN) stock is a Buy with a EUR2.70 price target. To see the full list of analyst forecasts on Arnoldo Mondadori Editore SPA stock, see the IT:MN Stock Forecast page.

Mondadori Updates Market on Minor Change in Total Voting Rights

Arnoldo Mondadori Editore has updated the market on the total amount of its voting rights following the deregistration of 500 shares with increased voting rights as of 5 December 2025. The overall share capital remains unchanged at 261,458,340 shares, but total voting rights have decreased slightly to 400,817,490, reflecting a minor reclassification between ordinary shares and ordinary shares with increased voting rights. This technical adjustment, with a reduction in voting rights tied to the loyalty share category and a corresponding small increase in ordinary shares, has a negligible impact on the company’s governance structure but keeps investors informed about the precise distribution of voting power within the capital.

The most recent analyst rating on (IT:MN) stock is a Buy with a EUR2.70 price target. To see the full list of analyst forecasts on Arnoldo Mondadori Editore SPA stock, see the IT:MN Stock Forecast page.

Mondadori Group Launches Mondadori Digital to Strengthen Digital Media Leadership

Mondadori Group has announced the creation of Mondadori Digital S.p.A., a new entity dedicated to digital media activities, effective January 1, 2026. This strategic move aims to consolidate Mondadori’s leadership in the Italian digital market by leveraging its extensive portfolio of brands and innovative advertising solutions. The reorganization will enhance the company’s focus on digital growth, with an expected revenue of 85 million euros in 2025 and a team of over 300 professionals. The initiative underscores Mondadori’s commitment to innovation and talent development, positioning itself as a key player in the digital media landscape.

The most recent analyst rating on (IT:MN) stock is a Buy with a EUR2.70 price target. To see the full list of analyst forecasts on Arnoldo Mondadori Editore SPA stock, see the IT:MN Stock Forecast page.

Mondadori Reports Stable Revenues and Confirms 2025 Guidance

Arnoldo Mondadori Editore S.p.A. reported stable financial results for the first nine months of 2025, with consolidated net revenues of 704.5 million euros, slightly down from the previous year. The company saw a 7.5% increase in trade book sales in the third quarter, driven by successful new releases, and continued growth in its digital media segment. Despite a slight decline in adjusted EBITDA and net results, the company maintained strong cash generation and confirmed its 2025 guidance, indicating positive future prospects.

The most recent analyst rating on (IT:MN) stock is a Buy with a EUR2.50 price target. To see the full list of analyst forecasts on Arnoldo Mondadori Editore SPA stock, see the IT:MN Stock Forecast page.