Moncler: Repressed Stock Price And Excellent Results Make For The Perfect Match

2025-09-30 02:51:30 ET

Investment Thesis

I grant Moncler ( MONRF ) (MONRY) a strong buy rating. I am of the opinion that the company could generate value for its investors despite the headwinds the global luxury industry faces. In 2020, Moncler's revenues were €1,440.4 million, increasing to €3,104 million in H1 2025 TTM, for a 115.53% gain. Meanwhile, its EBIT was €368.8 million in 2020, reaching €916.3 million in H1 2025 TTM, which represents a 139.27% increase. In a similar period, the stock price increased only slightly. From December 31, 2020, to now , the company's stock price has increased by only 5.97%. In other words, the company's stock has lagged behind in terms of its financial performance. From a financial perspective, Moncler has low debt levels, with a debt-to-equity ratio of 28.28%. Additionally, the company has successfully launched collections, which have contributed to an increase in its EBIT per store. In 2017, Moncler generated an EBIT of €1.31 million, which increased to €2.08 million by 2024. Furthermore, from 2018 to H1 2025, the company has experienced an increase of only 7.42% in its common shares, suggesting that it has grown organically, for the most part....

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