Moncler SpA
MONC: XMIL (ITA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| xM | LOCK|nmQ^ | LOCK|<k^&?k%g |
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.
