Moncler S.p.A.

MONC.MI

Apparel - Manufacturers · Consumer Cyclical

Price

€50.66

-0.42 (-0.82%)

Market Cap

€13.78B

Exchange

Borsa Italiana

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 9, 2026 · filings through Jun 30, 2026

Share count rising — dilution

+3.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 265.6M (2021) → 274.8M (2025)

Moncler is an Italian luxury fashion company best known for its high-end down jackets and outerwear. It sells clothing, accessories, and footwear under two brands: Moncler, its flagship label, and Stone Island, a streetwear-influenced brand it acquired in 2021. Its customers are wealthy shoppers worldwide who pay premium prices for recognizable, status-driven clothing.

The company makes money by selling directly to consumers through its own boutiques, its website, and select department stores — a model that protects its brand image and keeps margins high. Moncler operates across Europe, Asia, and the Americas, with Greater China being a particularly important market. Its 78% gross margin reflects strong pricing power built on brand exclusivity and limited distribution. The biggest risk the company faces is slowing luxury spending in China, where economic uncertainty and a cautious consumer have weighed on high-end goods demand in recent periods.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+5.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+5.3% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

20.1%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$520M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Moncler S.p.A. is growing revenue at 5% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

77.2%

Premium pricing power — 77.2% gross margin

Operating Margin

19.0%

Healthy — 19.0% operating margin

ROCE

6.3%

Weak — 6.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+3.0%

Nearly flat sales (+3.0% YoY)

EPS YoY

+1.8%

Flat earnings

Single-digit earnings growth — steady but not exciting.

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

161%

Turns 161% of profit into real cash

FCF Margin

25.0%

Converts sales into free cash efficiently (25.0%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.06

Conservative — low debt load (0.06)

Interest Cover

18.84x

Comfortably covers interest (18.8x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

21.9x

Growth-priced — P/E 21.9

P/E above the market average. People are paying up for expected growth.

P/E vs Forward

+3.9

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (21.9 → 18.0)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

2.75%

Moderate income — 2.75% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+187.3%

Dividend growing fast (187.3% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial