Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Moncler S.p.A. (MONC.MI)

Price update date unknown; Fiscal year 2025; Annual financials downloaded 04 Nov 2026 15:22.

Starts from Fiscal year 2025 financials in EUR and a share price of EUR 43.14. Growth begins at 7.0% a year (the valuation's blended assumption) and fades to 3.1% by year 10. Margins held at EBITDA 40.4%, net 20.0%, free cash flow 23.6% of revenue. Bear and bull move starting growth by 6.0 points and long-run growth by 1 point.

Year 1 uses analyst consensus revenue growth (7.2%); year 2 is halfway back to the model's own path.
EUR 44.12Model fair value (Free-cash-flow DCF); range EUR 33.49 to EUR 62.48
2%Fair value vs today's price
LowModel confidence
25%Share of the gap to fair value the price closes by year 5

Confidence: Earnings-based DCF is somewhat apart; annual data only; profit and cash flow steady for 3 years; value is more than 1.5x the Earnings-based DCF value.

7.5%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
EUR 5.14BRevenue in year 10 (base)
EUR 1.03BNet income in year 10 (base)
EUR 1.21BFree cash flow in year 10 (base)
EUR 2.13Dividend per share in year 10 (base)
EUR 71.19Implied share price in year 10 (base), today EUR 43.14
10.4%Year-10 free cash flow per share vs today's price

Free cash flow over time

EUR 0 EUR 421.34M EUR 842.68M EUR 1.26B EUR 1.69B FY2022 FY2023 FY2024 Fiscal year 2025 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Free cash flow in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear 1.2% EUR 864.08M 1.6%
Base 7.2% EUR 1.21B 5.1%
Bull 13.2% EUR 1.69B 8.6%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
Fiscal year 2025– EUR 3.13BEUR 1.27BEUR 626.67MEUR 740.40M 2.312.731.30n/a43.14
Year 17.2% EUR 3.36BEUR 1.36BEUR 671.54MEUR 793.41M 2.472.921.39n/a46.28
Year 26.9% EUR 3.59BEUR 1.45BEUR 717.54MEUR 847.76M 2.643.121.49n/a49.51
Year 36.1% EUR 3.81BEUR 1.54BEUR 761.38MEUR 899.56M 2.803.311.58n/a52.59
Year 45.7% EUR 4.02BEUR 1.63BEUR 804.63MEUR 950.66M 2.963.501.67n/a55.64
Year 55.3% EUR 4.23BEUR 1.71BEUR 846.87MEUR 1.00B 3.123.681.76n/a58.63
Year 64.8% EUR 4.44BEUR 1.79BEUR 887.69MEUR 1.05B 3.273.861.84n/a61.46
Year 74.4% EUR 4.63BEUR 1.87BEUR 926.66MEUR 1.09B 3.414.031.92n/a64.15
Year 84.0% EUR 4.81BEUR 1.95BEUR 963.36MEUR 1.14B 3.554.192.00n/a66.69
Year 93.5% EUR 4.98BEUR 2.02BEUR 997.36MEUR 1.18B 3.674.342.07n/a69.05
Year 103.1% EUR 5.14BEUR 2.08BEUR 1.03BEUR 1.21B 3.794.472.13n/a71.19

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.