Moncler SpA

MONC: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€46.20	Crfxsd	Yhbzcfpf

Moncler: Sales Growth Strong Amid Industry Slowdown; Shares Expensive

Jelena Sokolova

Apr 25, 2024

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.

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