Arnoldo Mondadori Editore SPA (IT:MN)
:MN
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Arnoldo Mondadori Editore SPA
(MN)
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Rating:66Neutral
Price Target:
€2.00
▼(-4.31% Downside)
Action:DowngradedDate:04/05/26
The score is driven primarily by solid cash-flow fundamentals and improved leverage, tempered by the sharp 2025 revenue and gross-profitability deterioration and increased uncertainty from incomplete 2025 metrics. Valuation is supportive (low P/E and high dividend yield), while technical signals are mixed and do not add strong momentum confirmation.
Positive Factors
Strong cash generation
Consistent operating cash flow and solid free cash flow across 2020–2025 provide durable internal funding for operations, reinvestment and potential debt reduction. High FCF conversion in prior years supports earnings quality and reduces reliance on external financing over the medium term.
Negative Factors
Sharp 2025 revenue decline
A material drop in annual revenue in 2025 erodes scale economics and can weaken pricing leverage and rights/licensing income. If persistent, the revenue contraction reduces long‑term earnings potential and makes sustaining margin and cash‑flow improvements more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent operating cash flow and solid free cash flow across 2020–2025 provide durable internal funding for operations, reinvestment and potential debt reduction. High FCF conversion in prior years supports earnings quality and reduces reliance on external financing over the medium term.
Read all positive factors
Arnoldo Mondadori Editore SPA (MN) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€544.25M
Dividend Yield6.34%
Average Volume (3M)302.20K
Price to Earnings (P/E)10.3
Beta (1Y)0.53
Revenue Growth0.29%
EPS Growth-4.85%
CountryIT
Employees1,881
SectorGeneral
Sector StrengthN/A
IndustryPublishing
Share Statistics
EPS (TTM)<0.01
Shares Outstanding261,458,340
10 Day Avg. Volume314,923
30 Day Avg. Volume302,198
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)1.68
Price to Sales (P/S)0.60
P/FCF Ratio7.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€2.80Price Target Upside33.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.24
Revenue Forecast (FY)€960.58M
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 Einaud...
How the Company Makes Money
Mondadori generates revenue mainly through the creation, acquisition, and commercialization of published content and through the distribution/retail channels used to sell that content. Key revenue streams include: (1) Book publishing: income from ...
Arnoldo Mondadori Editore SPA Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
63
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 937.08M | 931.60M | 934.73M | 904.74M | 903.00M | 807.35M |
| Gross Profit | 456.37M | 82.30M | 654.08M | 299.76M | 560.19M | 498.41M |
| EBITDA | 152.79M | 148.20M | 156.86M | 145.78M | 121.48M | 85.15M |
| Net Income | 56.62M | 54.10M | 60.21M | 62.41M | 52.07M | 44.21M |
Balance Sheet | ||||||
| Total Assets | 1.09B | 1.08B | 1.14B | 1.04B | 1.01B | 1.02B |
| Cash, Cash Equivalents and Short-Term Investments | 20.54M | 56.66M | 111.29M | 49.72M | 34.95M | 90.72M |
| Total Debt | 291.00M | 220.49M | 255.14M | 188.65M | 201.87M | 248.87M |
| Total Liabilities | 809.59M | 745.86M | 819.97M | 747.21M | 745.82M | 803.85M |
| Stockholders Equity | 279.52M | 331.25M | 316.07M | 288.08M | 259.56M | 219.57M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 71.42M | 77.47M | 81.12M | 64.44M | 78.61M |
| Operating Cash Flow | 0.00 | 116.99M | 125.82M | 121.58M | 98.55M | 96.09M |
| Investing Cash Flow | 0.00 | -47.52M | -62.47M | -31.54M | -71.50M | -145.36M |
| Financing Cash Flow | 0.00 | -124.09M | -1.79M | -75.26M | -82.82M | 30.48M |
Arnoldo Mondadori Editore SPA Technical Analysis
Positive
2.09
Price Trends
2.02
Positive
2.04
Positive
2.04
Positive
Market Momentum
<0.01
Negative
68.95
Neutral
82.61
Negative
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 2.09 is above the 20-day moving average (MA) of 1.98, above the 50-day MA of 2.02, and above the 200-day MA of 2.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 68.95 is Neutral, neither overbought nor oversold. The STOCH value of 82.61 is Negative, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €544.25M | 10.27 | 17.19% | 6.34% | 0.29% | -4.85% | |
64 Neutral | €497.72M | 9.38 | 14.78% | 7.30% | -1.41% | 3.84% | |
61 Neutral | €319.02M | 9.55 | 8.25% | ― | -1.56% | 7.19% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €640.33M | 21.63 | 5.14% | ― | -13.42% | ― |
* General Sector Average
IT:MN
Arnoldo Mondadori Editore SPA
2.09
0.21
11.17%
IT:CAI
Cairo Communication SPA
2.66
-0.14
-4.84%
IT:CALT
Caltagirone SPA
8.90
2.27
34.24%
IT:CLE
Class Editori SPA
0.15
0.07
86.08%
IT:CIR
CIR SpA - Compagnie Industriali Riunite
0.70
0.16
30.90%
IT:RCS
RCS MediaGroup S.p.A.
0.96
0.08
8.82%
Arnoldo Mondadori Editore SPA Corporate Events
Mondadori Publishes 2025 Annual Report Ahead of April 2026 Shareholder Meeting
Mar 30, 2026
Arnoldo Mondadori Editore has made available its 2025 annual financial report, including separate and consolidated financial statements, management report with sustainability reporting, and all related auditors’ reports. The documentation, w...
Mondadori Bids for Hoepli’s School Textbook Business
Mar 25, 2026
The Mondadori Group has submitted an offer to acquire the school textbook publishing business unit of Hoepli S.p.A., a historic Italian publishing house currently in liquidation. If successful, the deal would further consolidate Mondadori’s ...
Mondadori Publishes AGM Materials and Details 2026 Incentive Plans
Mar 20, 2026
Arnoldo Mondadori Editore has published the full set of documents for its Ordinary Shareholders’ Meeting scheduled for 21 April 2026, with a possible second call on 22 April. The material, available at the registered office, online and via t...
Mondadori Calls 2026 Shareholders’ Meeting to Approve 2025 Results and New Incentive Plans
Mar 20, 2026
Arnoldo Mondadori Editore has convened its ordinary shareholders’ meeting for 21 April 2026, with a possible second call on 22 April, to approve the 2025 financial statements, decide on profit allocation and dividend distribution, and vote o...
Mondadori Posts Stable 2025 Results, Lifts Dividend and Banks on Digital Growth
Mar 19, 2026
Arnoldo Mondadori Editore reported 2025 consolidated revenue of €931.6 million, essentially flat year-on-year, with adjusted EBITDA edging up to €158.2 million and net profit slipping to €54 million as higher non-recurring charge...
Mondadori Buys Treasury Shares to Service Performance Share Plans
Feb 4, 2026
Arnoldo Mondadori Editore has disclosed that in January 2026 it carried out a series of share repurchases on Euronext Milan, acquiring its own shares on multiple trading days at average prices slightly above €2.10 per share. The treasury sha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.