ARNOLDO MONDADORI EDITORE (MN.MI) Stock Fundamental Analysis
BIT:MN - Euronext Milan - IT0001469383 - Common Stock - Currency: EUR
MN gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 62 industry peers in the Media industry. While MN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MN may be a bit undervalued, certainly considering the very reasonable score on growth MN also has an excellent dividend rating. With these ratings, MN could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
MN had positive earnings in the past year.
In the past year MN had a positive cash flow from operations.
In the past 5 years MN has always been profitable.
Each year in the past 5 years MN had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.26%, MN belongs to the top of the industry, outperforming 90.32% of the companies in the same industry.
MN's Return On Equity of 33.32% is amongst the best of the industry. MN outperforms 91.94% of its industry peers.
MN has a better Return On Invested Capital (19.29%) than 96.77% 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 8.15%.
The 3 year average ROIC (11.34%) for MN is below the current ROIC(19.29%), indicating increased profibility in the last year.
| 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
The Profit Margin of MN (7.42%) is better than 75.81% of its industry peers.
MN's Profit Margin has improved in the last couple of years.
The Operating Margin of MN (11.22%) is better than 70.97% of its industry peers.
In the last couple of years the Operating Margin of MN has grown nicely.
With a Gross Margin value of 34.81%, MN is not doing good in the industry: 70.97% of the companies in the same industry are doing better.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), MN is creating value.
Compared to 1 year ago, MN has about the same amount of shares outstanding.
Compared to 5 years ago, MN has more shares outstanding
MN has a worse debt/assets ratio than last year.
2.2 Solvency
MN has an Altman-Z score of 2.23. This is not the best score and indicates that MN is in the grey zone with still only limited risk for bankruptcy at the moment.
MN has a better Altman-Z score (2.23) than 70.97% of its industry peers.
MN has a debt to FCF ratio of 2.31. This is a good value and a sign of high solvency as MN would need 2.31 years to pay back of all of its debts.
The Debt to FCF ratio of MN (2.31) is better than 80.65% of its industry peers.
MN has a Debt/Equity ratio of 0.63. This is a neutral value indicating MN is somewhat dependend on debt financing.
MN's Debt to Equity ratio of 0.63 is in line compared to the rest of the industry. MN outperforms 54.84% of its industry peers.
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 | 0.63 | ||
| Debt/FCF | 2.31 | ||
| Altman-Z | 2.23 |
ROIC/WACC3.12
WACC6.19%
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.
MN has a Quick Ratio of 1.05. This is a bad value and indicates that MN is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.74, MN is doing worse than 70.97% 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
The earnings per share for MN have decreased by -9.79% in the last year.
The Earnings Per Share has been growing by 15.47% on average over the past years. This is quite good.
The Revenue has been growing slightly by 2.12% in the past year.
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)-9.79%
EPS 3Y10.66%
EPS 5Y15.47%
EPS Q2Q%-83.15%
Revenue 1Y (TTM)2.12%
Revenue growth 3Y5%
Revenue growth 5Y1.1%
Sales Q2Q%-1.04%
3.2 Future
The Earnings Per Share is expected to grow by 5.44% on average over the next years.
MN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.11% yearly.
EPS Next Y5.7%
EPS Next 2Y7.03%
EPS Next 3Y5.44%
EPS Next 5YN/A
Revenue Next Year2.24%
Revenue Next 2Y1.83%
Revenue Next 3Y1.58%
Revenue Next 5Y3.11%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 5.64, the valuation of MN can be described as very cheap.
Based on the Price/Earnings ratio, MN is valued cheaply inside the industry as 93.55% of the companies are valued more expensively.
MN is valuated cheaply when we compare the Price/Earnings ratio to 27.47, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 7.40 indicates a rather cheap valuation of MN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MN indicates a rather cheap valuation: MN is cheaper than 85.48% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.91, MN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.64 | ||
| Fwd PE | 7.4 |
4.2 Price Multiples
MN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MN is cheaper than 87.10% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MN is valued cheaper than 85.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.08 | ||
| EV/EBITDA | 3.19 |
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)0.99
PEG (5Y)0.36
EPS Next 2Y7.03%
EPS Next 3Y5.44%
5. Dividend
5.1 Amount
MN has a Yearly Dividend Yield of 6.54%, which is a nice return.
MN's Dividend Yield is rather good when compared to the industry average which is at 5.44. MN pays more dividend than 87.10% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, MN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
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 (7/11/2025, 5:29:47 PM)
2.143
-0.02 (-1.02%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners26.56%
Inst Owner ChangeN/A
Ins Owners53.3%
Ins Owner ChangeN/A
Market Cap560.31M
Analysts88.33
Price Target3.11 (45.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.64 | ||
| Fwd PE | 7.4 | ||
| P/S | 0.39 | ||
| P/FCF | 5.08 | ||
| P/OCF | 4.45 | ||
| P/B | 1.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 3.19 |
EPS(TTM)0.38
EY17.73%
EPS(NY)0.29
Fwd EY13.52%
FCF(TTM)0.42
FCFY19.69%
OCF(TTM)0.48
OCFY22.46%
SpS5.43
BVpS1.21
TBVpS-0.32
PEG (NY)0.99
PEG (5Y)0.36
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 | 2.23 |
F-Score6
WACC6.19%
ROIC/WACC3.12
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)-9.79%
EPS 3Y10.66%
EPS 5Y15.47%
EPS Q2Q%-83.15%
EPS Next Y5.7%
EPS Next 2Y7.03%
EPS Next 3Y5.44%
EPS Next 5YN/A
Revenue 1Y (TTM)2.12%
Revenue growth 3Y5%
Revenue growth 5Y1.1%
Sales Q2Q%-1.04%
Revenue Next Year2.24%
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 Year66.16%
EBIT Next 3Y19.55%
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%