Arnoldo Mondadori Editore SPA (MN) AI Stock Analysis

• Market Cap: €520.30M
• Dividend Yield: 6.03%
• Average Volume (3M): 261.13K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 0.58
• Revenue Growth: 0.81%
• EPS Growth: -1.36%
• Country: IT
• Employees: 1,881
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Publishing
• EPS (TTM): 0.06
• Shares Outstanding: 261,458,340
• 10 Day Avg. Volume: 453,327
• 30 Day Avg. Volume: 261,128
• 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: €2.95
• Price Target Upside: 46.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 73 Outperform
• Price Target: €2.50 ▲(23.76% Upside)

The most significant factor is the company's strong financial performance, characterized by robust growth and profitability. The valuation is also attractive with a solid dividend yield. However, technical indicators suggest weak market momentum, which slightly offsets the positive outlook.

Positive Factors

Cash Flow and Dividends

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 our 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%.

Trade Book Division

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

Arnoldo Mondadori Editore SPA Business Overview & Revenue Model

Company Description

Arnoldo Mondadori Editore SPA (MN) is one of Italy's leading publishing companies, with a rich history dating back to its founding in 1907. The company operates primarily in the publishing sector, producing a wide range of magazines, books, and digital content. Mondadori's core products include fiction and non-fiction books, magazines covering various topics such as lifestyle, fashion, and current affairs, as well as educational materials. With a strong presence in both print and digital media, Mondadori serves a diverse audience across Italy and internationally.

How the Company Makes Money

Arnoldo Mondadori Editore SPA generates revenue through multiple streams, primarily focused on its publishing activities. The company earns money by selling books and magazines through various distribution channels, including bookstores, online platforms, and direct sales. Additionally, Mondadori profits from advertising revenue generated by its magazine publications and online content. The company also collaborates with authors, illustrators, and other content creators to produce and sell intellectual property. Significant partnerships with retail distributors and digital platforms further bolster its earnings, as these relationships help expand its reach and accessibility to consumers. Mondadori's educational materials also contribute to its revenue, providing resources for schools and educational institutions.

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: Negative
• Last Price: 2.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:MN, the sentiment is Negative. The current price of 2.02 is below the 20-day moving average (MA) of 2.08, below the 50-day MA of 2.12, and below the 200-day MA of 2.09, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 37.68 is Neutral, neither overbought nor oversold. The STOCH value of 5.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	73 Outperform	€520.30M	9.21	20.95%	6.03%	0.81%	-1.36%
Sector *	57 Neutral	HK$24.69B	3.68	-2.17%	6.03%	-0.25%	-65.84%
0R8L	―	€42.28M	―	-29.21%	―	―	―
0QEJ	―	€534.98M	8.60	14.78%	7.25%	―	―
EDJ	―	€189.02M	13.59	2.34%	2.56%	―	―

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.