Arnoldo Mondadori Editore SPA (MN) AI Stock Analysis

• Market Cap: €540.35M
• Dividend Yield: 5.81%
• Average Volume (3M): 277.60K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.59
• Revenue Growth: 0.81%
• EPS Growth: -1.36%
• Country: IT
• Employees: 1,881
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Publishing
• EPS (TTM): 0.06
• Shares Outstanding: 261,458,340
• 10 Day Avg. Volume: 237,968
• 30 Day Avg. Volume: 277,603
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €3.10
• Price Target Upside: 46.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 77 Outperform
• Price Target: €2.50 ▲(17.92% Upside)

Arnoldo Mondadori Editore SPA's strong financial performance and attractive valuation are the primary drivers of its stock score. The company shows robust growth and profitability, with a solid balance sheet and cash flow. Technical indicators suggest a positive short-term trend, further supporting the stock's potential. The absence of earnings call data and corporate events does not impact the score significantly.

Positive Factors

Dividend Policy

Healthy cash flow generation represents a strong catalyst, enabling management to propose a clear, sustainable, and generous dividend policy, while supporting further accretive acquisitions.

Management and Leadership

A strong management team and undisputed leadership position are expected to help Mondadori demonstrate resilience amid market weakness.

Valuation

Mondadori is trading at a discount of approximately 50% to other book publishers, making it an attractive investment opportunity.

Negative Factors

Financial Performance

In a seasonally weak quarter, MND reported results that were worse than analyst's already low expectations.

Market Trends

2Q book market data still shows relatively unsupportive trends, with the sector facing unsupportive trends: 2Q was down 6%, bringing 1H25 to -5%.

Sales Performance

The key miss was in the adj. EBITDA of the trade books division, primarily due to a 9% decrease of publishing company sales vs. analyst's estimate of 4%.

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 SPA generates revenue through multiple streams, primarily from the sale of books and magazines, both in physical and digital formats. The company earns money by selling its publications through various channels, including retail bookstores, online platforms, and direct sales to educational institutions. Additionally, Mondadori benefits from advertising revenue generated through its magazine division, which publishes a variety of titles that attract advertisers. Strategic partnerships with other media and educational companies also contribute to its earnings, as they collaborate on publishing projects and marketing initiatives. The rise of digital content has led to a growing revenue stream from e-books and subscription services, further enhancing the company's financial performance.

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	933.01M	934.73M	904.74M	903.00M	807.35M	743.99M
Gross Profit	343.08M	654.08M	299.76M	560.19M	498.41M	449.13M
EBITDA	148.32M	156.86M	145.78M	121.48M	85.15M	58.16M
Net Income	54.30M	60.21M	62.41M	52.07M	44.21M	4.50M
Balance Sheet
Total Assets	1.06B	1.14B	1.04B	1.01B	1.02B	876.05M
Cash, Cash Equivalents and Short-Term Investments	51.92M	111.29M	49.72M	34.95M	90.72M	115.63M
Total Debt	126.36M	255.14M	188.65M	201.87M	248.87M	221.83M
Total Liabilities	759.53M	819.97M	747.21M	745.82M	803.85M	703.64M
Stockholders Equity	301.18M	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	31.79M	-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 2.05, above the 50-day MA of 2.08, and above the 200-day MA of 2.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.38 is Neutral, neither overbought nor oversold. The STOCH value of 64.96 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	77 Outperform	€540.35M	9.56	20.95%	5.81%	0.81%	-1.36%
Sector *	61 Neutral	$17.67B	14.34	-5.25%	3.04%	1.27%	-14.70%
0R8L	―	€51.64M	―	-29.21%	―	―	―
0QEJ	―	€516.35M	8.28	14.78%	7.49%	―	―
EDJ	―	€194.36M	13.71	2.34%	―	―	―

Arnoldo Mondadori Editore SPA Corporate Events

Mondadori Group Releases Half-Year Financial Report for 2025

Arnoldo Mondadori Editore S.p.A. has released its Half-Year Financial Report for the period ending June 30, 2025. This report, which includes the Independent Auditors’ review, is accessible at the company’s registered office, through an authorized storage mechanism, and on the company’s website. The publication of this report is a critical step in maintaining transparency with stakeholders and providing insights into the company’s financial health and strategic direction.

The most recent analyst rating on (IT:MN) stock is a Buy with a EUR3.30 price target. To see the full list of analyst forecasts on Arnoldo Mondadori Editore SPA stock, see the IT:MN Stock Forecast page.

Arnoldo Mondadori Reports Stable H1 2025 Financial Results Amid Market Challenges

Arnoldo Mondadori Editore S.p.A. reported its half-year financial results for 2025, showing revenues of 389.5 million euros, a slight increase from the previous year. Despite a challenging book market, the company maintained stable adjusted EBITDA and confirmed solid cash generation. The outlook for the second half of the year is positive, with expectations of improved market performance driven by the company’s publishing houses.

The most recent analyst rating on (IT:MN) stock is a Buy with a EUR3.30 price target. To see the full list of analyst forecasts on Arnoldo Mondadori Editore SPA stock, see the IT:MN Stock Forecast page.

CEO of Arnoldo Mondadori Editore Sells Shares to Cover Tax Charges

The CEO of Arnoldo Mondadori Editore, Antonio Stefano Porro, has sold a portion of company shares allocated under the 2022-2024 performance share plan to cover tax charges. This transaction may impact the company’s stock market performance and stakeholders’ perception, as it involves a significant volume of ordinary shares sold on the Italian electronic share market.

The most recent analyst rating on (IT:MN) stock is a Buy with a EUR3.30 price target. To see the full list of analyst forecasts on Arnoldo Mondadori Editore SPA stock, see the IT:MN Stock Forecast page.

Arnoldo Mondadori Editore Reports Q1 2025 Financial Results Amid Market Challenges

Arnoldo Mondadori Editore S.p.A. reported its financial results for the first quarter of 2025, showing a slight decline in consolidated revenues to 164.4 million euros, attributed to a weak start in the book market. Despite a decrease in adjusted EBITDA and a negative net result, the company maintains a stable financial position and expects market recovery and improved performance later in the year, driven by its enriched editorial proposals.

The most recent analyst rating on (IT:MN) stock is a Buy with a EUR3.30 price target. To see the full list of analyst forecasts on Arnoldo Mondadori Editore SPA stock, see the IT:MN Stock Forecast page.