Rankings Food, drinks & restaurants Moncler
Moncler
81
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Quality of growth−5
- Europe, tourism and fading momentum−3
- ROIC trend−2
Strengths
- Net cash+2
- Pricing power+2
How the score is built
From 100 to 81, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 44.64 EUR
- Median analyst target
- 57.00 EUR
- Upside to median
- +27.7%
- Analysts
- 25
- Target range
- 46.00 – 70.00 EUR
- 52-week change
- −14%
- P/E (trailing)
- 19.0
- Forward P/E
- 18.5
- PEG
- 2.83
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−9 of −30
- −5Quality of growthRevenue has stalled: €3,109m in 2024, 3,132 in 2025 (+0.75%) and 3,196 TTM (+2%); EPS is €2.35 TTM vs €2.24 in 2022 – four years without real earnings growth per share. The Moncler brand grew only 3% in Q2 2026 at constant exchange rates.
- −2ROIC trendROIC has fallen from 23.2% (2022) through 21.2% and 20.8% to 17.5% TTM, because the store network and capital are growing faster than earnings; still well above the WACC of 9.5%.
- −2Product breadth and the segment of the futureThe business rests on down jackets and the winter season; management itself points to the shift to 'buy now, wear now' and weaker spring/summer collections as a structural question, and H2 is 'the most important period of the year'.
Price
Today's multiples against the company's own history and its peers. · 2 findings−3 of −35
- −1Multiples vs own historyForward P/E 18.2 vs 21.5–37.0 in 2021–25 and EV/EBITDA 10.8 vs 13.6–26.3 – lowest level in five years. The discount reflects, however, that EPS has not grown since 2022, and analysts expect only about 6% annual EPS growth over the next three years.
- −2Absolute price levelFCF after leases of €556m TTM gives a yield of 4.6% at a market cap of €12.2bn; earnings yield 5.25% and dividend yield 3.15%. Reasonable, but not cheap for a company with no growth.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 4 findings−7 of −35
- −3Europe, tourism and fading momentumEMEA fell 8% in Q2 for the Moncler brand due to fewer Asian and American tourists, and management saw a slowdown in June across all markets; no full-year guidance.
- −2Concentration in Asia/ChinaAsia accounted for EUR 593m of 1,290m (46%) of H1 revenue and was the only region with double-digit growth (+13%); growth thus rests on Chinese and Korean luxury spending.
- −1US wholesale channelSaks Global's Chapter 11 bankruptcy hits the US wholesale channel, and Americas fell 1% in reported currency in H1.
- −1Key person and ownershipRemo Ruffini is both chairman and CEO and controls about 16–18.5% via Double R, in which competitor LVMH owns up to 22%; the company depends on one person, and LVMH has indirect influence.
Plus
Only documented strengths. · 2 findings+4 of +15
- +2Net cashNet cash excluding leases of €1.112bn at 30/6 2026 (€981m a year earlier), even after a dividend of €382m; the dividend is below FCF after leases.
- +2Pricing powerGross margin 78% and operating margin 29% TTM; comparable sales in own stores rose 7% in H1, Stone Island DTC 15%, and management is planning price increases of low to mid single-digit percent in 2027.
Caveats
What the score does not capture, or where the data is weak.
Luxury clothing does not fit the industry list (placed under Consumer: food, beverages & restaurants as the nearest consumer sector). Stockanalysis' net debt (-€93m) includes about €1.2bn of lease debt; excluding leases the company has net cash of €1.11bn at 30/6. FCF after leases (€556m TTM) is used instead of FCF (€799m). No full-year guidance; H2 (autumn/winter) is the decisive season, and Q3 is due 26/10. Several price targets were cut in September (including Morgan Stanley 57 to €50), but the median is still about €59 – not a finding. Peers (Prada, Burberry, Hermès) have not been compared systematically.
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