Moncler (MONRY) AI Stock Analysis

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Moncler

(OTC:MONRY)

80Outperform

Moncler receives a strong overall score due to its robust financial performance, which is its most significant strength. The company shows impressive profitability and cash flow management, ensuring financial stability. Technical analysis presents a mixed picture with short-term bearish signals that are offset by a longer-term positive trend. The valuation is reasonable given the company's performance and industry standing. Lack of new earnings call data or significant corporate events means these factors did not influence the score.

Moncler (MONRY) vs. S&P 500 (SPY)

Market Cap

$16.63B

Dividend Yield1.42%

Average Volume (3M)1.39K

Price to Earnings (P/E)24.3

Beta (1Y)0.97

Revenue Growth4.24%

EPS Growth4.41%

CountryUS

Employees7,354

SectorConsumer Cyclical

Sector Strength60

IndustryApparel - Manufacturers

Share Statistics

EPS (TTM)2.56

Shares Outstanding274,805,970

10 Day Avg. Volume0

30 Day Avg. Volume1,386

Financial Highlights & Ratios

PEG Ratio5.52

Price to Book (P/B)N/A

Price to Sales (P/S)0.00

Price to Cash Flow (P/CF)0.00

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 high-end fashion company known for its luxury outerwear and sportswear, primarily specializing in down jackets and winter apparel. Founded in 1952 in Monestier-de-Clermont, France, and now headquartered in Milan, Italy, Moncler stands out in the luxury goods sector, offering a range of products that combine style, quality, and technological innovation. The company is renowned for its distinctive blend of traditional craftsmanship and modern design, catering to a global clientele seeking premium fashion products.

How the Company Makes MoneyMoncler generates revenue primarily through the sale of its luxury clothing and accessories. The company's key revenue streams include retail sales through its network of directly operated stores and wholesale sales to third-party retailers. Moncler also capitalizes on strategic partnerships and collaborations with designers and other brands to create exclusive collections that drive consumer interest and demand. The company leverages its strong brand identity and global presence to maintain high pricing power, which contributes significantly to its earnings. Additionally, Moncler's expansion into new markets and investment in digital sales channels further bolster its revenue generation capabilities.

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

Very Positive

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.

Balance Sheet

Very Positive

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.

Cash Flow

Very Positive

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.

Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Breakdown
Income Statement		Total Revenue
2.98B	2.60B	2.05B	1.44B	1.63B
	Gross Profit
2.30B	1.99B	1.57B	1.09B	1.27B
	EBIT
893.84M	774.55M	579.22M	368.82M	491.80M
	EBITDA
983.34M	862.65M	674.93M	439.17M	555.00M
	Net Income Common Stockholders
611.93M	606.70M	393.53M	300.35M	358.69M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
998.80M	882.25M	932.72M	923.50M	759.07M
	Total Assets
4.99B	4.64B	4.27B	2.76B	2.57B
	Total Debt
848.59M	912.78M	913.92M	687.93M	660.58M
	Net Debt
-150.21M	30.52M	-18.80M	-235.57M	-98.50M
	Total Liabilities
1.78B	1.74B	1.77B	1.13B	1.26B
	Stockholders Equity
3.21B	2.90B	2.50B	1.63B	1.31B
Cash Flow		Free Cash Flow
738.44M	492.72M	733.49M	313.89M	464.89M
	Operating Cash Flow
914.87M	662.58M	865.31M	406.45M	588.55M
	Investing Cash Flow
-174.07M	-167.10M	-621.41M	-90.37M	-120.85M
	Financing Cash Flow
-596.63M	-391.25M	-345.18M	-151.54M	-243.80M

Moncler Technical Analysis

Technical Analysis Sentiment

Negative

Last Price61.35

Price Trends

50DMA

63.20

Negative

100DMA

61.65

Negative

200DMA

59.03

Positive

Market Momentum

MACD

-0.10

Negative

RSI

47.14

Neutral

STOCH

39.57

Neutral

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 61.35 is below the 20-day moving average (MA) of 61.79, below the 50-day MA of 63.20, and above the 200-day MA of 59.03, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 47.14 is Neutral, neither overbought nor oversold. The STOCH value of 39.57 is Neutral, 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 (61)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MONRY	80 Outperform	$16.63B	24.35	19.05%	1.42%	4.24%	4.41%
RL	76 Outperform	$14.65B	21.68	27.57%	1.31%	5.23%	24.63%
LEVI	70 Outperform	$6.39B	18.32	18.03%	3.05%	4.63%	187.50%
ZGN	66 Neutral	$3.22B	24.46	8.89%	1.56%	2.26%	-37.52%
COLM	63 Neutral	$3.49B	15.89	12.34%	1.78%	-1.69%	-4.01%
Sector *	61 Neutral	$6.66B	11.77	3.06%	3.96%	2.60%	-21.54%
VFC	53 Neutral	$4.98B	―	-16.13%	2.68%	-8.42%	57.91%

* Consumer Cyclical Sector Average

Performance Comparison

MONRY

Moncler

61.35

-5.10

-7.67%

COLM

Columbia Sportswear

66.08

-17.47

-20.91%

Ralph Lauren

248.74

85.78

52.64%

VFC

13.28

0.72

5.73%

LEVI

Levi Strauss & Co

17.21

-4.79

-21.77%

ZGN

Ermenegildo Zegna

8.25

-4.09

-33.14%

Moncler Earnings Call Summary

Earnings Call Date:Feb 13, 2025

(Q4-2023)

% Change Since: -5.02%|

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.

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.

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.