ARNOLDO MONDADORI EDITORE (MN.MI) Stock Fundamental Analysis
BIT:MN - Euronext Milan - IT0001469383 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to MN. MN was compared to 59 industry peers in the Media industry. MN has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on MN. Finally MN also has an excellent dividend rating. These ratings would make MN suitable for value and dividend investing!
1. Profitability
1.1 Basic Checks
In the past year MN was profitable.
In the past year MN had a positive cash flow from operations.
MN had positive earnings in each of the past 5 years.
In the past 5 years MN always reported a positive cash flow from operatings.
1.2 Ratios
MN has a Return On Assets of 9.26%. This is amongst the best in the industry. MN outperforms 88.14% of its industry peers.
MN's Return On Equity of 33.32% is amongst the best of the industry. MN outperforms 89.83% of its industry peers.
MN has a better Return On Invested Capital (19.29%) than 94.92% of its industry peers.
MN had an Average Return On Invested Capital over the past 3 years of 11.34%. This is above the industry average of 8.79%.
The last Return On Invested Capital (19.29%) for MN is above the 3 year average (11.34%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.26% | ||
| ROE | 33.32% | ||
| ROIC | 19.29% |
ROA(3y)5.5%
ROA(5y)4.27%
ROE(3y)20.26%
ROE(5y)16.7%
ROIC(3y)11.34%
ROIC(5y)9.78%
1.3 Margins
With a decent Profit Margin value of 7.42%, MN is doing good in the industry, outperforming 72.88% of the companies in the same industry.
In the last couple of years the Profit Margin of MN has grown nicely.
Looking at the Operating Margin, with a value of 11.22%, MN is in the better half of the industry, outperforming 71.19% of the companies in the same industry.
MN's Operating Margin has improved in the last couple of years.
MN's Gross Margin of 34.81% is on the low side compared to the rest of the industry. MN is outperformed by 71.19% of its industry peers.
In the last couple of years the Gross Margin of MN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.22% | ||
| PM (TTM) | 7.42% | ||
| GM | 34.81% |
OM growth 3Y15.27%
OM growth 5Y6.2%
PM growth 3Y5.57%
PM growth 5Y15.11%
GM growth 3Y3.82%
GM growth 5Y3.22%
2. Health
2.1 Basic Checks
MN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for MN remains at a similar level compared to 1 year ago.
Compared to 5 years ago, MN has more shares outstanding
MN has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.22 indicates that MN is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.22, MN is in the better half of the industry, outperforming 77.97% of the companies in the same industry.
The Debt to FCF ratio of MN is 2.31, which is a good value as it means it would take MN, 2.31 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.31, MN belongs to the top of the industry, outperforming 81.36% of the companies in the same industry.
MN has a Debt/Equity ratio of 0.63. This is a neutral value indicating MN is somewhat dependend on debt financing.
MN has a Debt to Equity ratio of 0.63. This is comparable to the rest of the industry: MN outperforms 57.63% of its industry peers.
Even though the debt/equity ratio score it not favorable for MN, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 2.31 | ||
| Altman-Z | 2.22 |
ROIC/WACC3.03
WACC6.37%
2.3 Liquidity
A Current Ratio of 1.05 indicates that MN should not have too much problems paying its short term obligations.
MN has a Current ratio (1.05) which is comparable to the rest of the industry.
A Quick Ratio of 0.74 indicates that MN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.74, MN is doing worse than 64.41% of the companies in the same industry.
The current and quick ratio evaluation for MN is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
MN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.01%.
The Earnings Per Share has been growing by 15.47% on average over the past years. This is quite good.
MN shows a small growth in Revenue. In the last year, the Revenue has grown by 2.69%.
Measured over the past years, MN shows a small growth in Revenue. The Revenue has been growing by 1.10% on average per year.
EPS 1Y (TTM)-6.01%
EPS 3Y10.66%
EPS 5Y15.47%
EPS Q2Q%4.77%
Revenue 1Y (TTM)2.69%
Revenue growth 3Y5%
Revenue growth 5Y1.1%
Sales Q2Q%0.96%
3.2 Future
Based on estimates for the next years, MN will show a small growth in Earnings Per Share. The EPS will grow by 5.44% on average per year.
The Revenue is expected to grow by 3.11% on average over the next years.
EPS Next Y5.7%
EPS Next 2Y7.03%
EPS Next 3Y5.44%
EPS Next 5YN/A
Revenue Next Year2.1%
Revenue Next 2Y1.83%
Revenue Next 3Y1.58%
Revenue Next 5Y3.11%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 5.41 indicates a rather cheap valuation of MN.
91.53% of the companies in the same industry are more expensive than MN, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.98. MN is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 8.09 indicates a reasonable valuation of MN.
Based on the Price/Forward Earnings ratio, MN is valued cheaper than 81.36% of the companies in the same industry.
MN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.41 | ||
| Fwd PE | 8.09 |
4.2 Price Multiples
84.75% of the companies in the same industry are more expensive than MN, based on the Enterprise Value to EBITDA ratio.
77.97% of the companies in the same industry are more expensive than MN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.13 | ||
| EV/EBITDA | 3.17 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of MN may justify a higher PE ratio.
PEG (NY)0.95
PEG (5Y)0.35
EPS Next 2Y7.03%
EPS Next 3Y5.44%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.67%, MN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.66, MN pays a better dividend. On top of this MN pays more dividend than 89.83% of the companies listed in the same industry.
MN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.67% |
5.2 History
The dividend of MN decreases each year by -6.82%.
Dividend Growth(5Y)-6.82%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
29.73% of the earnings are spent on dividend by MN. This is a low number and sustainable payout ratio.
DP29.73%
EPS Next 2Y7.03%
EPS Next 3Y5.44%
BIT:MN (4/29/2025, 5:29:50 PM)
2.163
+0.01 (+0.6%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners28.49%
Inst Owner ChangeN/A
Ins Owners53.3%
Ins Owner ChangeN/A
Market Cap565.54M
Analysts88.33
Price Target3.11 (43.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.67% |
Yearly Dividend0.12
Dividend Growth(5Y)-6.82%
DP29.73%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.01%
PT rev (3m)-3.17%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-4.68%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.38%
Revenue NY rev (3m)-1.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.41 | ||
| Fwd PE | 8.09 | ||
| P/S | 0.4 | ||
| P/FCF | 5.13 | ||
| P/OCF | 4.49 | ||
| P/B | 1.79 | ||
| P/tB | N/A | ||
| EV/EBITDA | 3.17 |
EPS(TTM)0.4
EY18.49%
EPS(NY)0.27
Fwd EY12.36%
FCF(TTM)0.42
FCFY19.51%
OCF(TTM)0.48
OCFY22.25%
SpS5.43
BVpS1.21
TBVpS-0.32
PEG (NY)0.95
PEG (5Y)0.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.26% | ||
| ROE | 33.32% | ||
| ROCE | 25.4% | ||
| ROIC | 19.29% | ||
| ROICexc | 23.46% | ||
| ROICexgc | 104.21% | ||
| OM | 11.22% | ||
| PM (TTM) | 7.42% | ||
| GM | 34.81% | ||
| FCFM | 7.77% |
ROA(3y)5.5%
ROA(5y)4.27%
ROE(3y)20.26%
ROE(5y)16.7%
ROIC(3y)11.34%
ROIC(5y)9.78%
ROICexc(3y)12.8%
ROICexc(5y)11.61%
ROICexgc(3y)52.6%
ROICexgc(5y)44.45%
ROCE(3y)14.93%
ROCE(5y)12.88%
ROICexcg growth 3Y21.82%
ROICexcg growth 5Y18.04%
ROICexc growth 3Y17.34%
ROICexc growth 5Y2.38%
OM growth 3Y15.27%
OM growth 5Y6.2%
PM growth 3Y5.57%
PM growth 5Y15.11%
GM growth 3Y3.82%
GM growth 5Y3.22%
F-Score6
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 2.31 | ||
| Debt/EBITDA | 0.89 | ||
| Cap/Depr | 24.6% | ||
| Cap/Sales | 1.09% | ||
| Interest Coverage | 62.57 | ||
| Cash Conversion | 56.62% | ||
| Profit Quality | 104.77% | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 2.22 |
F-Score6
WACC6.37%
ROIC/WACC3.03
Cap/Depr(3y)19.72%
Cap/Depr(5y)13.93%
Cap/Sales(3y)1.34%
Cap/Sales(5y)0.97%
Profit Quality(3y)177.69%
Profit Quality(5y)503.09%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.01%
EPS 3Y10.66%
EPS 5Y15.47%
EPS Q2Q%4.77%
EPS Next Y5.7%
EPS Next 2Y7.03%
EPS Next 3Y5.44%
EPS Next 5YN/A
Revenue 1Y (TTM)2.69%
Revenue growth 3Y5%
Revenue growth 5Y1.1%
Sales Q2Q%0.96%
Revenue Next Year2.1%
Revenue Next 2Y1.83%
Revenue Next 3Y1.58%
Revenue Next 5Y3.11%
EBIT growth 1Y1.99%
EBIT growth 3Y21.04%
EBIT growth 5Y7.37%
EBIT Next Year66.7%
EBIT Next 3Y19.68%
EBIT Next 5YN/A
FCF growth 1Y0.7%
FCF growth 3Y4.95%
FCF growth 5Y6.26%
OCF growth 1Y3.49%
OCF growth 3Y8.91%
OCF growth 5Y7.93%