MONCLER SPA (MOV.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:MOV - IT0004965148 - Common Stock
49 EUR
-0.71 (-1.43%)
MOV gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 52 industry peers in the Textiles, Apparel & Luxury Goods industry. Both the health and profitability get an excellent rating, making MOV a very profitable company, without any liquidiy or solvency issues. MOV has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year MOV was profitable.
- MOV had a positive operating cash flow in the past year.
- MOV had positive earnings in each of the past 5 years.
- MOV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- MOV's Return On Assets of 11.62% is amongst the best of the industry. MOV outperforms 82.69% of its industry peers.
- MOV has a better Return On Equity (17.83%) than 63.46% of its industry peers.
- With an excellent Return On Invested Capital value of 14.30%, MOV belongs to the best of the industry, outperforming 80.77% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for MOV is above the industry average of 11.64%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.62% | ||
| ROE | 17.83% | ||
| ROIC | 14.3% |
ROA(3y)12.32%
ROA(5y)11.41%
ROE(3y)19.26%
ROE(5y)18.4%
ROIC(3y)14.95%
ROIC(5y)13.66%
1.3 Margins
- MOV has a Profit Margin of 20.57%. This is amongst the best in the industry. MOV outperforms 96.15% of its industry peers.
- In the last couple of years the Profit Margin of MOV has remained more or less at the same level.
- Looking at the Operating Margin, with a value of 29.47%, MOV belongs to the top of the industry, outperforming 94.23% of the companies in the same industry.
- MOV's Operating Margin has been stable in the last couple of years.
- With an excellent Gross Margin value of 78.05%, MOV belongs to the best of the industry, outperforming 86.54% of the companies in the same industry.
- In the last couple of years the Gross Margin of MOV has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.47% | ||
| PM (TTM) | 20.57% | ||
| GM | 78.05% |
OM growth 3Y1.63%
OM growth 5Y-0.33%
PM growth 3Y2.27%
PM growth 5Y-1.37%
GM growth 3Y0.64%
GM growth 5Y0.08%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MOV is creating value.
- Compared to 1 year ago, MOV has about the same amount of shares outstanding.
- Compared to 5 years ago, MOV has more shares outstanding
- Compared to 1 year ago, MOV has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 6.49 indicates that MOV is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 6.49, MOV belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
- MOV has a debt to FCF ratio of 1.21. This is a very positive value and a sign of high solvency as it would only need 1.21 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 1.21, MOV belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
- A Debt/Equity ratio of 0.22 indicates that MOV is not too dependend on debt financing.
- MOV has a Debt to Equity ratio of 0.22. This is in the better half of the industry: MOV outperforms 78.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.21 | ||
| Altman-Z | 6.49 |
ROIC/WACC1.81
WACC7.9%
2.3 Liquidity
- A Current Ratio of 2.16 indicates that MOV has no problem at all paying its short term obligations.
- MOV's Current ratio of 2.16 is amongst the best of the industry. MOV outperforms 82.69% of its industry peers.
- A Quick Ratio of 1.70 indicates that MOV should not have too much problems paying its short term obligations.
- MOV has a Quick ratio of 1.70. This is amongst the best in the industry. MOV outperforms 82.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
- The earnings per share for MOV have decreased by -5.27% in the last year.
- Measured over the past years, MOV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.73% on average per year.
- The Revenue has been growing slightly by 0.87% in the past year.
- Measured over the past years, MOV shows a quite strong growth in Revenue. The Revenue has been growing by 13.82% on average per year.
EPS 1Y (TTM)-5.27%
EPS 3Y17.16%
EPS 5Y10.73%
EPS Q2Q%-15.37%
Revenue 1Y (TTM)0.87%
Revenue growth 3Y14.96%
Revenue growth 5Y13.82%
Sales Q2Q%-67.76%
3.2 Future
- Based on estimates for the next years, MOV will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.01% on average per year.
- Based on estimates for the next years, MOV will show a small growth in Revenue. The Revenue will grow by 6.56% on average per year.
EPS Next Y-2.16%
EPS Next 2Y1.69%
EPS Next 3Y4.3%
EPS Next 5Y9.01%
Revenue Next Year0.91%
Revenue Next 2Y2.79%
Revenue Next 3Y4.47%
Revenue Next 5Y6.56%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 21.68, the valuation of MOV can be described as rather expensive.
- 73.08% of the companies in the same industry are more expensive than MOV, based on the Price/Earnings ratio.
- MOV is valuated rather cheaply when we compare the Price/Earnings ratio to 28.82, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 20.77, MOV is valued on the expensive side.
- MOV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MOV is cheaper than 69.23% of the companies in the same industry.
- MOV is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.68 | ||
| Fwd PE | 20.77 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as MOV.
- Based on the Price/Free Cash Flow ratio, MOV is valued a bit cheaper than the industry average as 73.08% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.95 | ||
| EV/EBITDA | 10.55 |
4.3 Compensation for Growth
- MOV has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.02
EPS Next 2Y1.69%
EPS Next 3Y4.3%
5. Dividend
5.1 Amount
- MOV has a Yearly Dividend Yield of 2.62%. Purely for dividend investing, there may be better candidates out there.
- MOV's Dividend Yield is a higher than the industry average which is at 1.99.
- MOV's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
5.2 History
- On average, the dividend of MOV grows each year by 32.60%, which is quite nice.
Dividend Growth(5Y)32.6%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
- 48.63% of the earnings are spent on dividend by MOV. This is a bit on the high side, but may be sustainable.
- MOV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP48.63%
EPS Next 2Y1.69%
EPS Next 3Y4.3%
MONCLER SPA / MOV.DE FAQ
What is the fundamental rating for MOV stock?
ChartMill assigns a fundamental rating of 6 / 10 to MOV.DE.
What is the valuation status for MOV stock?
ChartMill assigns a valuation rating of 4 / 10 to MONCLER SPA (MOV.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for MONCLER SPA?
MONCLER SPA (MOV.DE) has a profitability rating of 8 / 10.
How financially healthy is MONCLER SPA?
The financial health rating of MONCLER SPA (MOV.DE) is 8 / 10.
What is the expected EPS growth for MONCLER SPA (MOV.DE) stock?
The Earnings per Share (EPS) of MONCLER SPA (MOV.DE) is expected to decline by -2.16% in the next year.