olivLaw · European equity research
Mondo TV S.p.A. MTV.MI
Italy · Euronext Milan · ISIN IT0001447785 · Vertical: Listed companies from Italy
Mondo TV is an Italian group that produces and distributes animated series, with Grisù as its flagship product. In 2024 it went through a severe market crisis, with a consolidated net financial position of minus 6.3 million EUR, and the company opened a composizione negoziata procedure to resolve the crisis.
At the close of 05 Nov 2026, Mondo TV S.p.A. (MTV.MI) stock was 0.02 EUR (−7.69% on the day), with beta 0.23, 52-week range 0.02–0.07 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 51.3
- neutral
- Bollinger (20, 2)
- 0.02 – 0.03
- in the upper half of the band · %B 0.72 · band width 26.9%
- SMA 50 / 200
- 0.03 / 0.04
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −9.1% | −0.6% | −8.4 pp | — |
| 3 months | −33.7% | −4.2% | −29.5 pp | — |
| 6 months | −52.7% | +4.3% | −57.0 pp | — |
| Year to date | −48.9% | +7.5% | −56.4 pp | — |
| 1 year | −61.7% | +9.9% | −71.6 pp | −6.1% |
| 3 years | −91.7% | +49.8% | −141.5 pp | +7.7% |
| 5 years | −98.2% | +42.8% | −141.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2021 | 2022 | ⚠ 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 29.2 m | 33.6 m | 7.0 m | 4.4 m |
| Revenue YoY | unavailable | +14.9% | — | −36.3% |
| Net income | 5.5 m | -69.3 m | 842.0 k | -22.2 m |
| Net income YoY | unavailable | −1,364.0% | — | −2,731.8% |
| Diluted EPS | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | — | unavailable |
| net % | 18.8% | -206.4% | 12.1% | -499.9% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable |
The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 429.0 k EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- -1.9 m EUR
- Total assets
- 16.0 m EUR
- Debt / equity
- unavailable
- Current ratio
- 0.54x
- ROE
- unavailable
- ROA
- -81.0%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 29.2 m | 33.6 m | 7.0 m | 4.4 m | esef· 15 Apr 2025verified |
| Operating income | 6.7 m | -70.1 m | -800.0 k | -17.6 m | esef· 15 Apr 2025verified |
| Interest expense | 1.5 m | 1.2 m | 1.8 m | 930.0 k | esef· 15 Apr 2025verified |
| Pre-tax income | 7.7 m | -67.7 m | 2.6 m | -18.2 m | esef· 15 Apr 2025verified |
| Income tax | 2.3 m | 2.2 m | 1.2 m | 5.7 m | esef· 15 Apr 2025verified |
| Net income | 5.5 m | -69.3 m | 842.0 k | -22.2 m | esef· 15 Apr 2025verified |
Balance sheet · EUR
| Line | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 6.1 m | 3.1 m | 1.7 m | 429.0 k | esef· 15 Apr 2025verified |
| Receivables | 25.4 m | 9.6 m | 3.3 m | 3.5 m | esef· 15 Apr 2025verified |
| Current assets | 33.2 m | 14.6 m | 7.4 m | 5.5 m | esef· 15 Apr 2025verified |
| Property, plant & equipment, net | 518.0 k | 395.0 k | 67.0 k | 42.0 k | esef· 15 Apr 2025verified |
| Intangibles (excl. goodwill) | 59.8 m | 22.6 m | 22.4 m | 7.2 m | esef· 15 Apr 2025verified |
| Total assets | 106.6 m | 48.5 m | 38.7 m | 16.0 m | esef· 15 Apr 2025verified |
| Accounts payable | 6.8 m | 9.9 m | 4.5 m | 5.0 m | esef· 15 Apr 2025verified |
| Current liabilities | 17.2 m | 18.9 m | 12.0 m | 10.2 m | esef· 15 Apr 2025verified |
| Total liabilities | 25.6 m | 34.5 m | 19.7 m | 17.9 m | esef· 15 Apr 2025verified |
| Equity | 81.1 m | 14.0 m | 19.1 m | -1.9 m | esef· 15 Apr 2025verified |
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 25.0% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
25% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · input data missing
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -499.9% | 0 (vs peers) | 25% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -46.7% | 0 (on a fixed band) | 33% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -19.0x | 0 (on a fixed band) | 25% |
| Current ratio · Balance sheet | 0.5x | 0 (on a fixed band) | 17% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
MONDO TV S.P.A. (MTV.MI). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 4.4 m EUR in 2024; YoY growth -36.3%; net margin -499.9%; ROE -236.9%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Net margin: -499.9%
- Revenue CAGR 3Y: -46.7%
- Interest coverage: -19.0x
- Current ratio: 0.5x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Italy · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DLG.MIDe' Longhi S.p.a. | 6.8 bn | 21.5 | 15.4% | 8.4% | +8.7% | +24% / +60% |
| ACE.MIAcea S.p.a. | 4.6 bn | 9.6 | 18.2% | 16.6% | +0.2% | −4% / +73% |
| DIA.MIDiasorin S.p.a. | 4.3 bn | 28.3 | 9.2% | 13.0% | +0.8% | +31% / −7% |
| CRL.MICarel Industries S.p.a. | 2.9 bn | 39.5 | 16.1% | 11.7% | +8.7% | +3% / +10% |
| AMP.MIAmplifon S.p.a. | 2.7 bn | 29.9 | 8.5% | 3.8% | −0.6% | −9% / −58% |
| CMB.MICembre S.p.a. | 1.3 bn | 27.0 | 20.6% | 18.9% | +6.7% | +11% / +108% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 18.6 | 12.8% | 7.1% | −23.0% | +8% / +64% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.4 | 8.6% | 9.4% | +1.4% | −22% / −62% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 969.2 m | 10.4 | 23.5% | 41.0% | +1.8% | −5% / −23% |
| AVIO.MIAvio S.p.a. | 883.6 m | 86.8 | 2.1% | 1.8% | +21.5% | +18% / +291% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 783.3 m | 6.0 | 17.1% | 7.3% | +1.6% | +4% / +72% |
| ASC.MIAscopiave S.p.a. | 646.3 m | 18.0 | 4.2% | 17.5% | +13.4% | −8% / +33% |
| AC5.MIAcinque S.p.a. | 412.6 m | 19.6 | 4.1% | 3.6% | +0.2% | −6% / +8% |
| BAN.MIBasic Net S.p.a. | 348.0 m | — | -4.9% | -3.5% | +0.4% | −30% / +5% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 324.7 m | 13.1 | 11.1% | 13.7% | +9.2% | −2% / +12% |
| CAI.MICairo Communication S.p.a. | 289.2 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +28% |
| ECNL.MIAquafil S.p.a. | 129.6 m | — | -3.2% | -0.9% | −3.9% | −1% / −52% |
| BEC.MIB&C Speakers S.p.a. | 118.7 m | 11.7 | 18.5% | 10.2% | −1.3% | −26% / −32% |
| ABT.MIAbitare In S.p.a. | 76.0 m | 276.0 | 0.4% | 0.4% | +39.8% | −6% / −47% |
| ELC.MIElica S.p.a. | 64.3 m | — | -7.8% | -2.2% | +1.9% | −34% / −48% |
| DEX.MIDexelance S.p.a. | 50.7 m | 2.8 | 11.0% | 5.4% | +12.6% | −63% / −78% |
| CLE.MIClass Editori S.p.a. | 35.1 m | — | -29.2% | -3.8% | −0.7% | −9% / +106% |
| CLF.MICaleffi - S.p.a. | 11.6 m | 5.2 | 10.9% | 3.8% | −2.5% | −4% / −10% |
| AEF.MIAeffe S.p.a. | 10.1 m | 0.5 | 21.9% | 7.7% | −21.3% | −59% / −86% |
| BC.MIBrunello Cucinelli S.p.a. | 6.2 m | 0.0 | 26.5% | 75,526.1% | 0.0% | −5% / +15% |
1- and 3-year price returns: for MTV.MI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Mondo TV is an Italian group that produces and distributes animated series, with Grisù as its flagship product. In 2024 it went through a severe market crisis, with a consolidated net financial position of minus 6.3 million EUR 1, and the company opened a composizione negoziata procedure to resolve the crisis.
SWOT
Strengths
- The Grisù series has solid visibility on European public broadcasters and generates interest in licensing.
- The group owns an existing program library that can be exploited at low operating cost.
- Recent agreements with international distributors and platforms diversify revenue.
Weaknesses
- The consolidated net financial position remains negative, with significant bank debt and convertible bonds.
- The company has relied on bond conversions, which increased shareholder dilution.
- Collecting receivables has become difficult, and some clients have delayed payments.
Opportunities
- If the Grisù licensing agreement generates revenue, it could support results in 2025 and 2026.
- Expanding sales in Western countries and Asia could diversify the client base.
- A co-production of the second Grisù series with Rai and Zdf could bring new funding and revenue.
Threats
- The structural crisis in the animation market could further reduce sales and licence prices.
- Geopolitical tensions may limit access to markets in Eastern Europe and Asia.
- Liquidity pressure and the composizione negoziata procedure could affect relations with creditors.
Risks
- Business continuity and liquidityhigh
The annual report warns that the company could face economic difficulties and financial strain in the short term, and the company has opened the composizione negoziata procedure.
- Debt and convertible bondshigh
Net financial debt and the CLG bonds could dilute existing shareholders if they are converted.
- Dependence on Grisùmedium
Revenue depends heavily on the success of the Grisù series and its associated licences.
- Currency riskmedium
Revenue and purchases in US dollars expose the group to exchange rate movements, and no hedging operations are in place.
- Dependence on key managementlow
Some members of the founding family and subsidiary managers are essential to operations, with no non-compete clauses in place.
Investment thesis
What would need to be true (bull case)
- If the Grisù licensing agreements turn into revenue, results could gradually recover above current levels.
- The existing library could generate recurring revenue at low cost if the business plan is delivered.
- The conversion of some bonds reduced debt, and cost cuts could improve operating efficiency.
What would break the thesis
- The structural market crisis could continue, and sales forecasts have already been cut significantly.
- Debt and the composizione negoziata procedure could limit access to funding and put pressure on liquidity.
- Shareholder dilution through bond conversions could continue if results do not improve.
What to watch
- Results of the Grisù licensing agreement with ETS2025
- Progress of the composizione negoziata procedure with creditors2025
- Delivery of the new 2025-2029 business plan2025-2029
- Conclusion of talks for the second Grisù series2025
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Mondo TV group produces and distributes animated series, and its revenue comes from selling program libraries to broadcasters, from licensing and from co-productions. The flagship product is the Grisù series, whose first run of 52 episodes was delivered to Zdf and Rai in 2024 1. The new 2025-2029 business plan, approved in February 2025, lowers growth targets and focuses on exploiting the existing library and on sales in Western countries 1.
Segments
Production and co-production of animated series
Production activity includes animated series made together with partner broadcasters. For the second Grisù series, talks with Rai and, at group level, with Zdf were under way in the first quarter of 2025 1.
Distribution and licensing
The program library is sold to broadcasters and platforms and generates merchandise licensing. In 2024 agreements were concluded with Canal Plus for French TV rights and with Studio 56 for India, and a licensing agreement for Grisù was signed with ETS 1.
Market context
Management describes the animated series market as in a deep and structural crisis, which led to lower forecast sales and a significant impairment of assets 1. Distribution channels remain concentrated on European public broadcasters and streaming platforms, and sales are being directed toward Western countries 1.
The company's own filing ties the market weakness to lower collection of receivables across the sector, which adds to working capital pressure 1.
Trends
- Structural crisis in the media marketheadwind
Management points to a structural decline in demand for animated content, which led to a downward revision of sales forecasts. If the crisis persists, future revenue could stay below the earlier plan 1.
- Licensing agreements for Grisùtailwind
The licensing agreement with ETS and the Rai YoYo broadcast, which reconfirmed scheduling for 2025, could support licensing revenue in 2025 and 2026 1.
- Geopolitical tensions and conflictsheadwind
The Russia-Ukraine conflict and tensions in the Middle East have affected trade relations and global demand, and the company cancelled sales forecasts for Russia 1.
- Convertible bond financingmixed
The CLG convertible loan provides funding, but conversions of the bonds increase equity and dilute existing shareholders 1.
Competitive position
Mondo TV competes in the international animated series market with studios and distributors that hold larger libraries and bigger production budgets. The sources reviewed do not name direct competitors in detail, so the competitive profile rests on the annual report 1.
Competition for broadcast rights and licensing is intensified by public broadcasters that also commission animated content in-house.
- Animation studios producing for the same broadcasters
Animation studios that supply the same European broadcasters and platforms. The source does not name them, so no tickers are given.
- Streaming platforms with their own libraries
Platforms that buy children's animated content compete for the same broadcast rights and licences.
- International content distributors
Distributors that sell libraries to broadcasters in India and France, markets the group is trying to expand into.
- Public broadcasters producing in-house
Broadcasters that produce animated series domestically can reduce demand for outside productions.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202415 Apr 2025
- Annual report 202230 May 2023
Sources
- [1] Annual report, fiscal year ended 2024-12-31 (ESEF) · SEC / Mondo TV S.p.A. · 31 Dec 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.