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Moncler Spa Unsponsored ADR (MONRY)
:MONRY
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Moncler
(OTC:MONRY)
77Outperform
Moncler (MONRY) vs. S&P 500 (SPY)
Market Cap
$16.78B
Dividend Yield1.41%
Average Volume (3M)79.00
Price to Earnings (P/E)24.1
Beta (1Y)1.18
Revenue Growth4.24%
EPS Growth4.41%
CountryUS
Employees7,354
SectorConsumer Cyclical
Sector Strength50
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)2.56
Shares Outstanding274,805,970
10 Day Avg. Volume0
30 Day Avg. Volume79
Financial Highlights & Ratios
PEG Ratio5.46
Price to Book (P/B)N/A
Price to Sales (P/S)7.06
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Moncler Business Overview & Revenue Model
Company DescriptionMoncler S.p.A. is a renowned luxury fashion brand headquartered in Milan, Italy. Established in 1952, the company specializes in high-end outerwear and apparel, particularly known for its iconic down jackets. Moncler operates in the luxury goods sector and offers a range of products including clothing, accessories, and footwear designed for both men and women. The brand is synonymous with quality craftsmanship, innovation, and a blend of traditional and contemporary styles, appealing to a global clientele.
How the Company Makes MoneyMoncler generates revenue primarily through the sale of its luxury fashion products, which are distributed via a network of directly operated stores, wholesale channels, and an online e-commerce platform. The company's key revenue streams include sales of its core outerwear products, which are its most recognized and demanded items. Moncler also earns income from its other apparel lines, accessories, and footwear. The brand's collaborations with designers and other luxury brands enhance its market presence and drive additional sales. Seasonal collections and limited edition releases often create a sense of exclusivity and urgency, contributing to higher sales. Moncler's strong brand identity and commitment to quality and innovation are critical factors in sustaining its profitability and market share in the luxury fashion industry.
Moncler Financial Statement Overview
Summary
Moncler's financial statements reflect a well-rounded and strong financial position, characterized by consistent revenue and profit growth, effective cost management, and robust cash flow generation. The company's low leverage and strong return on equity highlight its stability and profitability, making it well-positioned within the Apparel & Luxury industry.Income Statement
Moncler exhibits strong financial performance with a consistent revenue growth from $2.04 billion in 2021 to $2.98 billion in 2023, resulting in a revenue growth rate of 14.7% from 2022 to 2023. The gross profit margin is robust at 77.1%, indicating effective cost management. The net profit margin improved slightly to 20.5%, showcasing profitability. EBITDA margin at 32.9% reflects healthy operational efficiency.92
Very Positive
Balance Sheet
The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.26, indicating low leverage. The return on equity is impressive at 19%, reflecting strong shareholder returns. Equity ratio remains stable at 64.4%, suggesting a solid capital structure. However, a slight increase in total debt to $848.6 million warrants monitoring.85
Very Positive
Cash Flow
Operating cash flow to net income ratio stands at 1.5, showing excellent cash conversion. Free cash flow grew significantly by 49.9%, indicating strong cash generation capabilities. The free cash flow to net income ratio of 1.21 further underscores solid cash profitability.88
Very Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 3.08B | 2.98B | 2.60B | 2.05B | 1.44B | 1.63B | Gross Profit |
| 2.39B | 2.30B | 1.99B | 1.57B | 1.09B | 1.27B | EBIT |
| 930.95M | 893.84M | 774.55M | 579.22M | 368.82M | 491.80M | EBITDA |
| 1.02B | 983.34M | 862.65M | 674.93M | 439.17M | 555.00M | Net Income Common Stockholders |
| 647.32M | 611.93M | 606.70M | 393.53M | 300.35M | 358.69M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 546.54M | 998.80M | 882.25M | 932.72M | 923.50M | 759.07M | Total Assets |
| 1.63B | 4.99B | 4.64B | 4.27B | 2.76B | 2.57B | Total Debt |
| 96.43M | 848.59M | 912.78M | 913.92M | 687.93M | 660.58M | Net Debt |
| -449.85M | -150.21M | 30.52M | -18.80M | -235.57M | -98.50M | Total Liabilities |
| 556.77M | 1.78B | 1.74B | 1.77B | 1.13B | 1.26B | Stockholders Equity |
| 1.07B | 3.21B | 2.90B | 2.50B | 1.63B | 1.31B |
| Cash Flow | Free Cash Flow | ||||
| 922.42M | 738.44M | 492.72M | 733.49M | 313.89M | 464.89M | Operating Cash Flow |
| 1.08B | 914.87M | 662.58M | 865.31M | 406.45M | 588.55M | Investing Cash Flow |
| -160.71M | -174.07M | -167.10M | -621.41M | -90.37M | -120.85M | Financing Cash Flow |
| -596.98M | -596.63M | -391.25M | -345.18M | -151.54M | -243.80M |
Moncler Technical Analysis
Negative
61.63
Price Trends
65.65
Negative
58.88
Positive
59.20
Positive
Market Momentum
-0.75
Positive
31.95
Neutral
1.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MONRY, the sentiment is Negative. The current price of 61.63 is below the 20-day moving average (MA) of 66.31, below the 50-day MA of 65.65, and above the 200-day MA of 59.20, indicating a neutral trend. The MACD of -0.75 indicates Positive momentum. The RSI at 31.95 is Neutral, neither overbought nor oversold. The STOCH value of 1.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MONRY.
Moncler Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $13.33B | 19.66 | 27.57% | 1.50% | 5.23% | 24.63% | |
77 Outperform | $16.78B | 24.10 | 19.05% | 1.41% | 4.24% | 4.41% | |
71 Outperform | $14.54B | 20.39 | 39.82% | 1.99% | 0.74% | -12.69% | |
67 Neutral | $3.60B | 5.27 | 13.79% | 0.23% | -4.83% | 45.23% | |
59 Neutral | $12.26B | 11.12 | -0.55% | 3.78% | 1.42% | -20.63% | |
50 Neutral | $6.11B | ― | -16.13% | 2.29% | -8.42% | 57.91% | |
48 Neutral | $2.39B | ― | -67.22% | ― | -12.34% | -574.65% |
* Consumer Cyclical Sector Average
Performance Comparison
MONRY
Moncler
61.63
-11.76
-16.02%
TPR
Tapestry
70.25
23.40
49.95%
CPRI
Capri Holdings
20.30
-25.06
-55.25%
PVH
PVH
64.69
-74.82
-53.63%
RL
Ralph Lauren
215.68
34.01
18.72%
VFC
VF
15.69
0.70
4.67%
Moncler Earnings Call Summary
Earnings Call Date: Feb 13, 2025 | % Change Since: -4.58% | Next Earnings Date: Jul 23, 2025
Earnings Call Sentiment Positive
The earnings call highlighted Moncler Group's strong revenue growth, especially in the D2C channel and Asian markets, along with significant sustainability achievements. However, challenges persist in the wholesale channel and the Americas market, particularly for Stone Island.Highlights
Record-Breaking Revenue
Moncler Group reached almost EUR 3 billion in revenues, more than 5 times the revenues of 10 years ago, with a record EBIT of EUR 894 million and over EUR 1 billion of net cash for the first time in history.
Strong D2C Growth
The D2C channel now represents 84% of total revenues and grew by 25% year-on-year, with a comparable store growth of 19%.
Strong Performance in Asia
Asia recorded a 28% growth in Q4, driven by a strong recovery in the Chinese mainland market.
Stone Island Revenue Growth
Stone Island achieved EUR 411 million in revenues for 2023, with a 7% growth in Q4, led by a strong double-digit growth in the D2C channel.
Sustainability Achievements
Moncler used over 40% recycled nylon in 2023, increased recycling of production scraps to 55%, and opened a new kindergarten for employees' children.
Lowlights
Challenges in Wholesale Channel
Wholesale revenues declined by 15% in Q4, impacted by the conversion of Nordstrom and Saks to D2C and efforts to upgrade the distribution network.
Americas Market Weakness
The Americas grew only 3% in Q4, with declines in the wholesale channel and challenges in department stores.
Stone Island Challenges in Americas
Stone Island saw a 14% decline in the Americas in Q4 due to challenging trends among department stores and efforts to improve distribution quality.
Company Guidance
During the Moncler Q4 2023 earnings call, the company provided several key financial metrics and strategic insights. The group achieved nearly EUR 3 billion in revenues, which is a significant increase, more than five times the revenues from a decade ago, and recorded a record EBIT of EUR 894 million, reflecting a 30% margin. Additionally, Moncler reported over EUR 1 billion in net cash for the first time in its history. The call emphasized the continued focus on the three dimensions of the Moncler brand: collection, grab, and Genius, and highlighted the introduction of a new brand and communication strategy for Stone Island. Sustainability remains a priority, with collections increasingly incorporating recycled, organic, and certified materials. Looking ahead to 2024, Moncler plans to stay agile in a complex operating environment, with ongoing investments in the organization, brand, and talent.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.