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Moncler (MONRY)
OTHER OTC:MONRY
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Moncler
(OTC:MONRY)
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Rating:78Outperform
Price Target:
$67.00
▲(11.70% Upside)
Moncler's strong financial performance is the most significant factor, supported by solid revenue growth and profitability. Technical analysis suggests moderate bullish momentum, while valuation reflects a premium price with a reasonable dividend yield. These factors collectively contribute to a favorable stock score.
Moncler (MONRY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$15.91B
Dividend Yield2.44%
Average Volume (3M)687.00
Price to Earnings (P/E)24.4
Beta (1Y)0.93
Revenue Growth1.33%
EPS Growth-5.30%
CountryUS
Employees7,354
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.62
Shares Outstanding274,805,970
10 Day Avg. Volume642
30 Day Avg. Volume687
Financial Highlights & Ratios
PEG Ratio5.46
Price to Book (P/B)3.86
Price to Sales (P/S)4.46
P/FCF Ratio16.64
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue4.99
Enterprise Value/Gross Profit6.39
Enterprise Value/Ebitda15.43
Forecast
1Y Price Target
$67.00Price Target Upside11.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Moncler Business Overview & Revenue Model
Company DescriptionMoncler S.p.A., together with its subsidiaries, designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler and Stone Island brand names. Its product portfolio includes footwear products; leather goods, such as bags, backpacks, and accessories; and sunglasses, eyeglasses, frames, and men's and women's ski goggles under the Moncler Lunettes brand. The company also offers perfume for men and women. As of December 31, 2021, it operated 237 retail directly operated stores and 64 wholesale shop-in-shops. The company also sells its products through moncler.com, an online store. It serves in Italy, other European countries, Japan, the rest of Asia, and the Americas. The company was formerly known as Moncler S.r.l. and changed its name to Moncler S.p.A. in October 2013. Moncler S.p.A. was founded in 1952 and is headquartered in Milan, Italy.
How the Company Makes MoneyMoncler makes money primarily through the sale of its luxury apparel and accessories, with a significant focus on its iconic down jackets. The company generates revenue by selling its products through a combination of retail stores, online platforms, and wholesale channels. Moncler operates a network of directly operated stores in key cities around the world, enhancing brand visibility and controlling the customer experience. Additionally, the company collaborates with renowned designers for exclusive collections and limited editions, which drive demand and allow for premium pricing. Partnerships with high-end retailers and department stores also contribute to Moncler's revenue streams, expanding its reach and customer base. Moncler's strategic focus on brand positioning, marketing, and product innovation supports its premium pricing strategy and helps maintain its status as a leader in the luxury outerwear market.
Moncler Earnings Call Summary
Earnings Call Date:Jul 23, 2025
(Q4-2023)
| % Change Since: |
Next Earnings Date:Mar 04, 2026
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.Q4-2023 Updates
Positive Updates
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.
Negative Updates
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.Moncler Financial Statement Overview
Summary
Moncler exhibits strong financial health with robust revenue growth, high profitability margins, a stable balance sheet, and efficient cash flow management. These factors position the company favorably within the luxury apparel industry.Income Statement
Moncler has shown robust revenue growth with a 4.17% increase in 2024 and a solid gross profit margin of 78.04%. The company's net profit margin stands at 20.57%, indicating strong profitability. The EBIT margin of 29.47% and EBITDA margin of 40.22% further highlight operational efficiency. Overall, Moncler showcases impressive growth and profitability in the luxury apparel sector.88
Very Positive
Balance Sheet
The company's balance sheet is strong, with a healthy debt-to-equity ratio of 0.27, suggesting low leverage. Return on equity (ROE) is 17.83%, reflecting efficient use of equity to generate profits. The equity ratio is 65.14%, indicating a solid asset base financed by equity. Moncler's balance sheet reflects financial stability and prudent capital management.85
Very Positive
Cash Flow
Moncler's cash flow is robust, with a free cash flow growth rate of 7.56% in 2024, showing strong cash generation. The operating cash flow to net income ratio is 1.55, and the free cash flow to net income ratio is 1.24, indicating efficient cash flow management. The company's cash flow position supports its growth and operational strategies.90
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.10B | 3.11B | 2.98B | 2.60B | 2.05B | 1.44B |
| Gross Profit | 2.43B | 2.43B | 2.30B | 1.76B | 1.37B | 913.93M |
| EBITDA | 1.00B | 1.25B | 1.19B | 1.04B | 827.47M | 569.52M |
| Net Income | 612.32M | 639.60M | 611.93M | 606.70M | 393.53M | 300.35M |
Balance Sheet | ||||||
| Total Assets | 5.12B | 5.50B | 4.99B | 4.64B | 4.27B | 2.76B |
| Cash, Cash Equivalents and Short-Term Investments | 959.79M | 1.26B | 998.80M | 882.25M | 932.72M | 923.50M |
| Total Debt | 958.99M | 957.31M | 848.59M | 912.78M | 913.92M | 713.27M |
| Total Liabilities | 1.73B | 1.92B | 1.78B | 1.74B | 1.77B | 1.13B |
| Stockholders Equity | 3.39B | 3.59B | 3.21B | 2.90B | 2.50B | 1.63B |
Cash Flow | ||||||
| Free Cash Flow | 705.45M | 832.37M | 738.44M | 492.72M | 733.49M | 313.89M |
| Operating Cash Flow | 918.42M | 1.02B | 914.87M | 662.58M | 865.31M | 406.45M |
| Investing Cash Flow | -212.34M | -267.43M | -174.07M | -167.10M | -621.41M | -90.37M |
| Financing Cash Flow | -603.61M | -535.17M | -596.63M | -391.25M | -345.18M | -151.54M |
Moncler Technical Analysis
Positive
59.98
Price Trends
56.67
Positive
58.37
Positive
59.64
Negative
Market Momentum
0.65
Positive
52.29
Neutral
70.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MONRY, the sentiment is Positive. The current price of 59.98 is above the 20-day moving average (MA) of 58.69, above the 50-day MA of 56.67, and above the 200-day MA of 59.64, indicating a neutral trend. The MACD of 0.65 indicates Positive momentum. The RSI at 52.29 is Neutral, neither overbought nor oversold. The STOCH value of 70.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MONRY.
Moncler Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $15.91B | 24.41 | 18.21% | 2.44% | 1.33% | -5.30% | |
78 Outperform | $9.61B | 24.16 | 20.93% | 2.17% | 2.90% | 182.72% | |
77 Outperform | $19.46B | 25.69 | 32.55% | 1.07% | 9.61% | 21.14% | |
73 Outperform | $4.10B | 9.54 | 9.32% | 0.18% | -1.14% | -29.30% | |
70 Outperform | $4.18B | 25.36 | 10.58% | 1.39% | -1.88% | -5.94% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | $5.66B | 69.94 | 7.83% | 2.48% | -7.41% | ― |
* Consumer Cyclical Sector Average
MONRY
Moncler
59.98
1.49
2.55%
PVH
PVH
83.44
-13.45
-13.88%
RL
Ralph Lauren
324.77
132.83
69.20%
VFC
VF
14.52
-4.95
-25.42%
LEVI
Levi Strauss & Co
24.47
5.76
30.79%
ZGN
Ermenegildo Zegna
10.15
1.42
16.27%
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.