Loading…
← CockpitCompetitor Analysis › MOL.MI Moltiply Group S.p.A.Open in the cockpit ↗

Moltiply Group S.p.A.MOL.MICompetitor analysis, valuation and peers

Italy · EUR·Industrials›Miscellaneous Commercial Services

Italian online comparison and broker group for mortgages, insurance and utilities, plus BPO outsourcing and digital media businesses.

≈ Italy's Moneysupermarket/BankrateMomentum strong 68
Mkt cap
$1.53B
US dollars, full cap
Free float
35%
of shares outstanding
$/day
$1.98M
20-day average traded
Fwd P/E
14.6×
forward earnings
ROIC−WACC
+1.5 pp
WACC 9.7%
Hurdle
-10 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · EUR€36.50
1D-2.1%
1W+4.4%
1M+15.3%
3M-6.4%
6M+6.0%
YTD+5.2%
1Y-15.3%
ATR %3.3%
52w lowhigh16.5% off high

What Moltiply does

Italian online comparison and broker group for mortgages, insurance and utilities, plus BPO outsourcing and digital media businesses.

Earns commissions from insurers and banks when a customer buys a policy or mortgage after comparing offers, so revenue follows consumer volumes and the commission rates partners pay; the outsourcing arm earns processing fees from banks and insurers.

In one line: Italy's Moneysupermarket/Bankrate.

Products and services

  • Insurance/mortgage comparison (Facile.it)
  • Mortgage broking (MutuiOnline.it)
  • BPO/outsourcing services
  • Digital media/e-commerce comparison

Customers

  • Retail consumers comparing insurance/mortgages
  • Banks and insurers as distribution partners

Where it sits in the supply chain

  • Consumer finance
  • Online comparison/broking
  • Mortgage & insurance leads

What could go right

  • Rising online insurance/mortgage penetration in Italy
  • BPO cross-sell to existing clients

What could go wrong

  • Regulatory changes to comparison-site commissions
  • Mortgage rate cycle sensitivity

Moat: narrow (brand, scale). Strong SEO/brand position in Italian comparison search drives most organic lead volume.

Headquarters: Milan, Italy · Founded: 2000 · Employees: 3,934

Named competitors

  • Moneysupermarket.com Group MONY.L
  • Check24 private or unlisted
  • Admiral's Confused.com private or unlisted
  • Bankrate/Red Ventures private or unlisted

Moltiply at a glance

Size Moltiply (MOL.MI) is an Italy Industrials company (Miscellaneous Commercial Services) with a market value of $1.53B, the 66th largest of 123 Italy companies the cockpit tracks. Shares closed at €36.50 on 6 Nov 2026.

Performance Over six months the shares gained 6.0%, against -7.7% for the median peer and +3.1% for the Italy market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 32.4% over the last twelve months (peer median +3.4%); the operating margin is 15.5% (peer median 9.6%).

Valuation It trades at 14.6× forward earnings against a peer median of 19.1× (8th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -10 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.5 points above its cost of capital (9.7% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026MOL.MI 118Peer median 92
Six months, rebased to 100: Moltiply against the median of its 20 peers (local-currency closes).

Moltiply financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€715M€674M€454M€401M€311M
Revenue growth—+49%+13%+29%—
Gross profit€118M€367M€239M€201M€169M
EBITDA€194M€166M€112M€98.5M€78.9M
Net income€44.1M€28.6M€41.7M€34.7M€46.9M
Free cash flown/a€101M€81.8M€74.3M€55.0M
Capital expendituren/a€13.1M€5.90M€6.52M€3.76M
Total debt€541M€533M€338M€388M€421M

Quarterly statements and history in the cockpit →

Moltiply competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-25%0%+25%603406AWXAFRY2258CLVT00260760066230141397449917688202688800ECLERX300725ICFIHCSGDBG688128KRU688112MOL.MI6-month return →1-month return →
Up and to the right = strong over both horizons. Moltiply is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×200×400×AWXAFRYCLVT0026076006623014139744688202ECLERX300725ICFI688128KRU688112MOL.MIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Moltiply is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%603406AWXAFRYCLVT0026076006629744688800ECLERX300725HCSG688128KRU688112MOL.MIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Moltiply is the large dot.

Moltiply competitors and peer comparison

Head to head with its named competitors (MOL.MI vs MONY.L)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Moltiply MOL.MI$1.53B+6%+32%15%14.6×10.8%
Mony MONY.L$1.42B+21%+2%26%11.1×-0.7%

How Moltiply compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Moltiply against its 20 peers (data as of 6 Nov 2026)
MeasureMOL.MIPeer medianRank in peer set
1-month return+15.3%-7.7%5th highest of 21
6-month return+6.0%-7.7%5th highest of 21
Distance from 52-week high-16.5%-36.0%4th highest of 21
Revenue growth (TTM)+32.4%+3.4%2nd highest of 21
Operating margin15.5%9.6%5th highest of 21
Forward P/E14.6×19.1×8th cheapest of 19
Growth the price implies (Req g, 7 yrs)10.8%6.8%8th most demanding of 18
Growth delivered (Del g)+21.0%+7.3%4th highest of 18
Hurdle (Req g minus delivered)-10.3 pp-4.1 pp5th least demanding of 18
ROIC minus cost of capital+1.5 pp+1.1 pp9th highest of 19
EV / EBITDA8.9×9.3×5th cheapest of 10
Net debt / EBITDA1.9×1.9×5th least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Moltiply MOL.MIItaly$1.53B+6%+32%15%14.6×10.8%+21.0%
Yangzhou Tinfulong 603406.SSChina$1.53B-25%-4%12%n/a7.5%+10.6%
AEM AWX.SISingapore$1.55B-18%+15%11%23.4×15.4%-5.1%
AFRY AFRY.STSweden$1.50B+17%-4%7%12.7×-2.2%+6.3%
Foxtron Vehicle Technologies 2258.TWTaiwan$1.50B+1%-50%-132%n/an/an/a
Clarivate CLVTUnited States$1.50B-16%-9%8%3.8×13.4%+14.4%
Offcn Education Technology 002607.SZChina$1.56B-36%-2%13%38.8×17.7%-27.6%
Shanghai Foreign Service 600662.SSChina$1.49B-14%+1%2%13.8×-20.6%+1.9%
Shenzhen Ampron Technology 301413.SZChina$1.48B-7%+11%2%423.6×n/an/a
MEITEC 9744.TJapan$1.57B+3%+2%14%18.7×-4.6%+7.3%
Taiwan Secom 9917.TWTaiwan$1.47B-8%+3%16%14.2×-2.3%+6.7%
Shanghai Medicilon 688202.SSChina$1.47B+18%+42%-2%91.8×n/an/a
Suzhou Recodeal Interconnect System 688800.SSChina$1.47B-55%+5%9%28.7×26.1%+38.9%
eClerx Services ECLERX.NSIndia$1.59B0%+22%20%19.4×17.2%+21.4%
PharmaBlock Sciences (Nanjing) 300725.SZChina$1.61B+16%+11%11%44.6×27.8%+14.1%
ICF International ICFIUnited States$1.43B+14%-8%8%10.8×-2.2%+4.4%
Healthcare Services HCSGUnited States$1.64B+5%+4%6%20.6×3.4%+0.9%
Derichebourg DBG.PAFrance$1.42B-24%-3%5%8.9×6.8%+6.3%
China National Electric Apparatus Research Institute 688128.SSChina$1.42B-12%+8%11%15.5×4.0%+13.5%
Kruk KRU.WAPoland$1.65B-22%+8%77%6.9×-2.1%+16.8%
Siglent Technologies 688112.SSChina$1.41B-5%+30%24%46.2×31.3%+22.0%

Questions

Who are Moltiply's main competitors?
Named competitors: Moneysupermarket.com Group (MONY.L), Check24 (private or unlisted), Admiral's Confused.com (private or unlisted), Bankrate/Red Ventures (private or unlisted). The cockpit's measured peer set (industry) also includes Yangzhou Tinfulong (603406.SS), AEM (AWX.SI), AFRY (AFRY.ST), Foxtron Vehicle Technologies (2258.TW), Clarivate (CLVT), Offcn Education Technology (002607.SZ).
Is Moltiply expensive compared with its peers?
On forward p/e it trades at 14.6× against a peer median of 19.1×, 8th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -10 pp: the price already allows for a slowdown.
How has Moltiply stock performed?
Over six months to 6 Nov 2026 the shares returned +6.0% against -7.7% for the median peer; over one year -15.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.