Moncler SpA
MONC: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€64.80 | Hpkfpt | Tmjrcykz |
Moncler: Sales Growth Strong Amid Industry Slowdown; Shares Expensive
We are maintaining our fair value estimate of EUR 47.50 for narrow-moat Moncler as the company reported strong first-quarter revenue trends, especially for its core Moncler brand, defying the industry slowdown. Still, at 27 times forward consensus earnings, shares look expensive.