Arnoldo Mondadori Editore SPA (MN) AI Stock Analysis

• Market Cap: €563.78M
• Dividend Yield: 5.62%
• Average Volume (3M): 227.29K
• Price to Earnings (P/E): 10.4
• Beta (1Y): 0.60
• Revenue Growth: 2.43%
• EPS Growth: -10.49%
• Country: IT
• Employees: 1,881
• Sector: Consumer Cyclical
• Sector Strength: 68
• Industry: Publishing
• EPS (TTM): -0.05
• Shares Outstanding: 261,458,340
• 10 Day Avg. Volume: 169,881
• 30 Day Avg. Volume: 227,290
• PEG Ratio: -1.19
• Price to Book (P/B): 1.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: €3.00
• Price Target Upside: 41.51% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 78 Outperform
• Price Target: €2.50 ▲(17.92%Upside)

Arnoldo Mondadori Editore SPA scores well due to its strong financial performance and appealing valuation metrics. The company's consistent financial growth, robust profitability, and attractive dividend yield are significant strengths. Technical analysis shows moderate market sentiment, complementing the overall positive outlook. The absence of notable earnings call data and corporate events does not detract from the solid fundamentals.

Positive Factors

Cash Flow and Dividend Policy

Solid cash flow generation continues, with operating cash flow at €68.3mn.

Guidance and Recovery

MND remains confident of a recovery throughout the year, mainly thanks to the ramp-up of the editorial pipeline, and confirmed the guidance provided in March.

Negative Factors

Earnings and Financial Performance

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

Market Conditions

Mondadori sell-out was down -8.5% on a negative market amid missing incentives to libraries, weaker editorial plan, and poor e-commerce performance.

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 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. The company is well-positioned in the Media & Entertainment industry with a stable financial foundation and positive growth trends.

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: 2.12
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Negative. The current price of 2.12 is below the 20-day moving average (MA) of 2.13, below the 50-day MA of 2.14, and above the 200-day MA of 2.11, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.08 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, 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	78 Outperform	€563.78M	10.40	18.70%	5.62%	2.43%	-10.49%
Sector *	62 Neutral	$16.91B	10.88	-7.01%	2.97%	1.73%	-25.16%
0R8L	―	€43.57M	―	-29.21%	―	―	―
0QEJ	―	€519.45M	8.29	14.48%	7.05%	―	―
EDJ	―	€169.80M	19.04	1.70%	2.74%	―	―

Arnoldo Mondadori Editore SPA Corporate Events

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.

Arnoldo Mondadori Editore S.p.A. Approves 2024 Financial Statements and Dividend Increase

The Shareholders’ Meeting of Arnoldo Mondadori Editore S.p.A. approved the 2024 financial statements, reporting a profit of 60.2 million euros. A dividend of 0.14 euros per share was announced, marking a 17% increase from the previous year, reflecting a payout of 60% of the net profit. Additionally, the meeting renewed the authorization for the purchase and disposal of treasury shares, allowing the company to maintain flexibility in investment opportunities and support stock liquidity.