ARNOLDO MONDADORI EDITORE (MN.MI) Stock Fundamental Analysis
BIT:MN - Euronext Milan - IT0001469383 - Common Stock - Currency: EUR
Overall MN gets a fundamental rating of 7 out of 10. We evaluated MN against 65 industry peers in the Media industry. MN gets an excellent profitability rating and is at the same time showing great financial health properties. MN is valued quite cheap, while showing a decent growth score. This is a good combination! MN also has an excellent dividend rating. These ratings could make MN a good candidate 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.
MN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.70%, MN belongs to the top of the industry, outperforming 89.55% of the companies in the same industry.
MN has a better Return On Equity (39.96%) than 98.51% of its industry peers.
MN's Return On Invested Capital of 22.94% is amongst the best of the industry. MN outperforms 98.51% of its industry peers.
MN had an Average Return On Invested Capital over the past 3 years of 10.14%. This is in line with the industry average of 8.66%.
The 3 year average ROIC (10.14%) for MN is below the current ROIC(22.94%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.7% | ||
| ROE | 39.96% | ||
| ROIC | 22.94% |
ROA(3y)5.17%
ROA(5y)3.81%
ROE(3y)20.62%
ROE(5y)16.21%
ROIC(3y)10.14%
ROIC(5y)9.8%
1.3 Margins
With a decent Profit Margin value of 7.38%, MN is doing good in the industry, outperforming 71.64% of the companies in the same industry.
MN's Profit Margin has improved in the last couple of years.
MN's Operating Margin of 11.13% is fine compared to the rest of the industry. MN outperforms 73.13% of its industry peers.
MN's Operating Margin has improved in the last couple of years.
MN's Gross Margin of 33.85% is on the low side compared to the rest of the industry. MN is outperformed by 71.64% of its industry peers.
In the last couple of years the Gross Margin of MN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.13% | ||
| PM (TTM) | 7.38% | ||
| GM | 33.85% |
OM growth 3Y18.5%
OM growth 5Y9.75%
PM growth 3Y125.05%
PM growth 5YN/A
GM growth 3Y7.08%
GM growth 5Y1.53%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MN is creating value.
The number of shares outstanding for MN remains at a similar level compared to 1 year ago.
The number of shares outstanding for MN remains at a similar level compared to 5 years ago.
Compared to 1 year ago, MN has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.14 indicates that MN is not a great score, but indicates only limited risk for bankruptcy at the moment.
MN has a Altman-Z score of 2.14. This is in the better half of the industry: MN outperforms 74.63% of its industry peers.
MN has a debt to FCF ratio of 2.49. This is a good value and a sign of high solvency as MN would need 2.49 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.49, MN belongs to the top of the industry, outperforming 80.60% of the companies in the same industry.
A Debt/Equity ratio of 0.54 indicates that MN is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.54, MN perfoms like the industry average, outperforming 56.72% of the companies in the same industry.
Although MN does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 2.49 | ||
| Altman-Z | 2.14 |
ROIC/WACC3.62
WACC6.33%
2.3 Liquidity
MN has a Current Ratio of 0.89. This is a bad value and indicates that MN is not financially healthy enough and could expect problems in meeting its short term obligations.
MN has a Current ratio of 0.89. This is comparable to the rest of the industry: MN outperforms 47.76% of its industry peers.
MN has a Quick Ratio of 0.89. This is a bad value and indicates that MN is not financially healthy enough and could expect problems in meeting its short term obligations.
MN has a worse Quick ratio (0.57) than 74.63% of its industry peers.
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 | 0.89 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
MN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.38%.
Measured over the past years, MN shows a very strong growth in Earnings Per Share. The EPS has been growing by 139.75% on average per year.
The Revenue has been growing slightly by 1.91% in the past year.
The Revenue has been growing slightly by 0.30% on average over the past years.
EPS 1Y (TTM)-7.38%
EPS 3Y139.75%
EPS 5YN/A
EPS Q2Q%-3.78%
Revenue 1Y (TTM)1.91%
Revenue growth 3Y6.74%
Revenue growth 5Y0.3%
Sales Q2Q%0.35%
3.2 Future
MN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.39% yearly.
The Revenue is expected to grow by 3.60% on average over the next years.
EPS Next Y1.93%
EPS Next 2Y3.07%
EPS Next 3Y3.39%
EPS Next 5YN/A
Revenue Next Year3.34%
Revenue Next 2Y3.19%
Revenue Next 3Y2.78%
Revenue Next 5Y3.6%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
Based on the Price/Earnings ratio of 5.31, the valuation of MN can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of MN indicates a rather cheap valuation: MN is cheaper than 89.55% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.35, MN is valued rather cheaply.
The Price/Forward Earnings ratio is 7.62, which indicates a rather cheap valuation of MN.
Based on the Price/Forward Earnings ratio, MN is valued cheaply inside the industry as 82.09% of the companies are valued more expensively.
MN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.31 | ||
| Fwd PE | 7.62 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MN indicates a rather cheap valuation: MN is cheaper than 85.07% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MN indicates a rather cheap valuation: MN is cheaper than 80.60% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.94 | ||
| EV/EBITDA | 3.52 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of MN may justify a higher PE ratio.
PEG (NY)2.74
PEG (5Y)N/A
EPS Next 2Y3.07%
EPS Next 3Y3.39%
5. Dividend
5.1 Amount
MN has a Yearly Dividend Yield of 5.85%, which is a nice return.
MN's Dividend Yield is rather good when compared to the industry average which is at 4.64. MN pays more dividend than 85.07% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, MN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.85% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
MN pays out 29.52% of its income as dividend. This is a sustainable payout ratio.
DP29.52%
EPS Next 2Y3.07%
EPS Next 3Y3.39%
BIT:MN (3/7/2025, 7:00:00 PM)
2.07
+0.01 (+0.49%)
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 Cap541.22M
Analysts88.33
Price Target3.17 (53.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.85% |
Yearly Dividend0.11
Dividend Growth(5Y)N/A
DP29.52%
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)-1.19%
PT rev (3m)-1.19%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.94%
EPS NY rev (3m)-2.79%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.31 | ||
| Fwd PE | 7.62 | ||
| P/S | 0.38 | ||
| P/FCF | 4.94 | ||
| P/OCF | 4.51 | ||
| P/B | 2.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 3.52 |
EPS(TTM)0.39
EY18.84%
EPS(NY)0.27
Fwd EY13.12%
FCF(TTM)0.42
FCFY20.25%
OCF(TTM)0.46
OCFY22.18%
SpS5.4
BVpS1
TBVpS-0.49
PEG (NY)2.74
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.7% | ||
| ROE | 39.96% | ||
| ROCE | 29.65% | ||
| ROIC | 22.94% | ||
| ROICexc | 23.79% | ||
| ROICexgc | 98.14% | ||
| OM | 11.13% | ||
| PM (TTM) | 7.38% | ||
| GM | 33.85% | ||
| FCFM | 7.75% |
ROA(3y)5.17%
ROA(5y)3.81%
ROE(3y)20.62%
ROE(5y)16.21%
ROIC(3y)10.14%
ROIC(5y)9.8%
ROICexc(3y)11.28%
ROICexc(5y)11.52%
ROICexgc(3y)44.41%
ROICexgc(5y)38.34%
ROCE(3y)13.11%
ROCE(5y)12.67%
ROICexcg growth 3Y21.64%
ROICexcg growth 5Y27.56%
ROICexc growth 3Y5.65%
ROICexc growth 5Y8.83%
OM growth 3Y18.5%
OM growth 5Y9.75%
PM growth 3Y125.05%
PM growth 5YN/A
GM growth 3Y7.08%
GM growth 5Y1.53%
F-Score5
Asset Turnover1.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 2.49 | ||
| Debt/EBITDA | 0.62 | ||
| Cap/Depr | 15.37% | ||
| Cap/Sales | 0.74% | ||
| Interest Coverage | 63.45 | ||
| Cash Conversion | 53.26% | ||
| Profit Quality | 105.1% | ||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.57 | ||
| Altman-Z | 2.14 |
F-Score5
WACC6.33%
ROIC/WACC3.62
Cap/Depr(3y)12.94%
Cap/Depr(5y)11.2%
Cap/Sales(3y)0.87%
Cap/Sales(5y)0.74%
Profit Quality(3y)188.58%
Profit Quality(5y)524.21%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.38%
EPS 3Y139.75%
EPS 5YN/A
EPS Q2Q%-3.78%
EPS Next Y1.93%
EPS Next 2Y3.07%
EPS Next 3Y3.39%
EPS Next 5YN/A
Revenue 1Y (TTM)1.91%
Revenue growth 3Y6.74%
Revenue growth 5Y0.3%
Sales Q2Q%0.35%
Revenue Next Year3.34%
Revenue Next 2Y3.19%
Revenue Next 3Y2.78%
Revenue Next 5Y3.6%
EBIT growth 1Y2.42%
EBIT growth 3Y26.49%
EBIT growth 5Y10.09%
EBIT Next Year73.58%
EBIT Next 3Y22.57%
EBIT Next 5YN/A
FCF growth 1Y76.27%
FCF growth 3Y11.27%
FCF growth 5Y15.36%
OCF growth 1Y80.64%
OCF growth 3Y13.16%
OCF growth 5Y17.78%