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 61 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 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.
MN had a positive operating cash flow in the past year.
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
MN has a better Return On Assets (9.26%) than 88.52% of its industry peers.
MN has a Return On Equity of 33.32%. This is amongst the best in the industry. MN outperforms 90.16% of its industry peers.
MN's Return On Invested Capital of 19.29% is amongst the best of the industry. MN outperforms 95.08% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MN is above the industry average of 8.41%.
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
Looking at the Profit Margin, with a value of 7.42%, MN is in the better half of the industry, outperforming 73.77% of the companies in the same industry.
MN's Profit Margin has improved in the last couple of years.
The Operating Margin of MN (11.22%) is better than 72.13% of its industry peers.
MN's Operating Margin has improved in the last couple of years.
MN has a worse Gross Margin (34.81%) than 72.13% of its industry peers.
MN's Gross Margin has improved in the last couple of years.
| 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
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 has been increased compared to 5 years ago.
The debt/assets ratio for MN is higher compared to a year ago.
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.
With a decent Altman-Z score value of 2.22, MN is doing good in the industry, outperforming 77.05% of the companies in the same industry.
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 83.61% 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 has a Debt to Equity ratio (0.63) which is in line with 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 | 2.22 |
ROIC/WACC3.03
WACC6.36%
2.3 Liquidity
A Current Ratio of 1.05 indicates that MN should not have too much problems paying its short term obligations.
With a Current ratio value of 1.05, MN perfoms like the industry average, outperforming 55.74% of the companies in the same 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.
The Quick ratio of MN (0.74) is worse than 67.21% of its industry peers.
MN does not score too well on the current and quick ratio evaluation. However, as it has 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 -6.01% in the last year.
MN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.47% yearly.
The Revenue has been growing slightly by 2.69% in the past year.
The Revenue has been growing slightly by 1.10% on average over the past years.
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
The Earnings Per Share is expected to grow by 5.44% on average over the next years.
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
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
A Price/Earnings ratio of 5.36 indicates a rather cheap valuation of MN.
Compared to the rest of the industry, the Price/Earnings ratio of MN indicates a rather cheap valuation: MN is cheaper than 93.44% of the companies listed in the same industry.
MN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.18.
The Price/Forward Earnings ratio is 8.03, which indicates a very decent valuation of MN.
Based on the Price/Forward Earnings ratio, MN is valued cheaply inside the industry as 80.33% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.81, MN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.36 | ||
| Fwd PE | 8.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MN is valued cheaply inside the industry as 85.25% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MN is valued cheaply inside the industry as 80.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.08 | ||
| 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.
MN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.94
PEG (5Y)0.35
EPS Next 2Y7.03%
EPS Next 3Y5.44%
5. Dividend
5.1 Amount
MN has a Yearly Dividend Yield of 6.53%, which is a nice return.
MN's Dividend Yield is rather good when compared to the industry average which is at 4.55. MN pays more dividend than 90.16% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, MN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.53% |
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
MN pays out 29.73% of its income as dividend. This is a sustainable payout ratio.
DP29.73%
EPS Next 2Y7.03%
EPS Next 3Y5.44%
BIT:MN (5/5/2025, 4:57:02 PM)
2.145
0 (0%)
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 Cap560.83M
Analysts88.33
Price Target3.11 (44.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.53% |
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)-3.17%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.8%
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 | 5.36 | ||
| Fwd PE | 8.03 | ||
| P/S | 0.4 | ||
| P/FCF | 5.08 | ||
| P/OCF | 4.46 | ||
| P/B | 1.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 3.17 |
EPS(TTM)0.4
EY18.65%
EPS(NY)0.27
Fwd EY12.46%
FCF(TTM)0.42
FCFY19.67%
OCF(TTM)0.48
OCFY22.43%
SpS5.43
BVpS1.21
TBVpS-0.32
PEG (NY)0.94
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
WACC6.36%
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%