View Future GrowthRai Way 과거 순이익 실적과거 기준 점검 3/6Rai Way은 연평균 7.7%의 비율로 수입이 증가해 온 반면, Telecom 산업은 수입이 5% 감소했습니다. 매출은 연평균 5.2%의 비율로 증가했습니다. Rai Way의 자기자본이익률은 41%이고 순이익률은 30.6%입니다.핵심 정보7.73%순이익 성장률7.65%주당순이익(EPS) 성장률Telecom 산업 성장률36.30%매출 성장률5.21%자기자본이익률40.99%순이익률30.61%다음 순이익 업데이트30 Jul 2026최근 과거 실적 업데이트공시 • Jan 22+ 3 more updatesRai Way S.p.A. to Report Fiscal Year 2025 Results on Mar 23, 2026Rai Way S.p.A. announced that they will report fiscal year 2025 results on Mar 23, 2026공시 • Jan 30+ 3 more updatesRai Way S.p.A. to Report Q1, 2025 Results on May 14, 2025Rai Way S.p.A. announced that they will report Q1, 2025 results on May 14, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.084 (vs €0.093 in 3Q 2023)Third quarter 2024 results: EPS: €0.084 (down from €0.093 in 3Q 2023). Revenue: €70.6m (up 3.5% from 3Q 2023). Net income: €23.4m (down 6.3% from 3Q 2023). Profit margin: 33% (down from 37% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: €0.087 (vs €0.08 in 2Q 2023)Second quarter 2024 results: EPS: €0.087 (up from €0.08 in 2Q 2023). Revenue: €68.8m (up 1.0% from 2Q 2023). Net income: €23.4m (up 9.5% from 2Q 2023). Profit margin: 34% (up from 31% in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 03Full year 2023 earnings released: EPS: €0.32 (vs €0.28 in FY 2022)Full year 2023 results: EPS: €0.32 (up from €0.28 in FY 2022). Revenue: €272.0m (up 11% from FY 2022). Net income: €86.7m (up 18% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 27Full year 2023 earnings releasedFull year 2023 results: Revenue: €274.0m (up 12% from FY 2022). Net income: €86.7m (up 18% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany.모든 업데이트 보기Recent updatesBoard Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Chairman of the Board of Statutory Auditors Silvia Muzi is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Mar 25Rai Way S.p.A. announces Annual dividend, payable on May 20, 2026Rai Way S.p.A. announced Annual dividend of EUR 0.3300 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.공시 • Jan 22+ 3 more updatesRai Way S.p.A. to Report Fiscal Year 2025 Results on Mar 23, 2026Rai Way S.p.A. announced that they will report fiscal year 2025 results on Mar 23, 2026공시 • Mar 21Rai Way S.p.A. announces Annual dividend, payable on May 21, 2025Rai Way S.p.A. announced Annual dividend of EUR 0.3340 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.공시 • Jan 30+ 3 more updatesRai Way S.p.A. to Report Q1, 2025 Results on May 14, 2025Rai Way S.p.A. announced that they will report Q1, 2025 results on May 14, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.084 (vs €0.093 in 3Q 2023)Third quarter 2024 results: EPS: €0.084 (down from €0.093 in 3Q 2023). Revenue: €70.6m (up 3.5% from 3Q 2023). Net income: €23.4m (down 6.3% from 3Q 2023). Profit margin: 33% (down from 37% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Nov 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 93% Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk High level of debt (76% net debt to equity).New Risk • Aug 02New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 76% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 93% Minor Risk High level of debt (76% net debt to equity).Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: €0.087 (vs €0.08 in 2Q 2023)Second quarter 2024 results: EPS: €0.087 (up from €0.08 in 2Q 2023). Revenue: €68.8m (up 1.0% from 2Q 2023). Net income: €23.4m (up 9.5% from 2Q 2023). Profit margin: 34% (up from 31% in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Board Change • May 19High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Member of Statutory Auditor Giovanni Caravetta was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 13Upcoming dividend of €0.32 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio and cash payout ratio are on the higher end at 100% and 81% respectively. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.2%).Reported Earnings • May 03Full year 2023 earnings released: EPS: €0.32 (vs €0.28 in FY 2022)Full year 2023 results: EPS: €0.32 (up from €0.28 in FY 2022). Revenue: €272.0m (up 11% from FY 2022). Net income: €86.7m (up 18% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 27Full year 2023 earnings releasedFull year 2023 results: Revenue: €274.0m (up 12% from FY 2022). Net income: €86.7m (up 18% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany.Buy Or Sell Opportunity • Feb 06Now 21% undervaluedOver the last 90 days, the stock has risen 5.7% to €4.90. The fair value is estimated to be €6.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 0.2% per annum over the same time period.공시 • Jan 27+ 4 more updatesRai Way S.p.A., Annual General Meeting, Apr 30, 2024Rai Way S.p.A., Annual General Meeting, Apr 30, 2024. Agenda: To consider approval of the Financial Statement as of 31 December 2023.Buy Or Sell Opportunity • Jan 21Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at €4.77. The fair value is estimated to be €6.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 0.2% per annum over the same time period.Buying Opportunity • Dec 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.4%. The fair value is estimated to be €6.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 8.4%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 0.6% per annum over the same time period.Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €69.8m (up 8.0% from 3Q 2022). Net income: €24.9m (up 30% from 3Q 2022). Profit margin: 36% (up from 30% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Germany.New Risk • Jul 31New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 69% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 106% Minor Risk High level of debt (69% net debt to equity).Reported Earnings • Jul 30Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €68.7m (up 12% from 2Q 2022). Net income: €21.4m (up 18% from 2Q 2022). Profit margin: 31% (up from 30% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Germany.공시 • Jun 28Rai Way S.p.A. to Report Q2, 2023 Results on Jul 27, 2023Rai Way S.p.A. announced that they will report Q2, 2023 results on Jul 27, 2023Upcoming Dividend • May 22Upcoming dividend of €0.27 per share at 4.9% yieldEligible shareholders must have bought the stock before 29 May 2023. Payment date: 31 May 2023. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.0%).공시 • May 10Rai Way S.p.A. to Report Q1, 2023 Results on May 11, 2023Rai Way S.p.A. announced that they will report Q1, 2023 results on May 11, 2023Reported Earnings • Mar 20Full year 2022 earnings releasedFull year 2022 results: Revenue: €248.5m (up 7.9% from FY 2021). Net income: €73.7m (up 13% from FY 2021). Profit margin: 30% (up from 28% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Germany.Reported Earnings • Mar 19Full year 2022 earnings releasedFull year 2022 results: Revenue: €248.5m (up 7.9% from FY 2021). Net income: €73.7m (up 13% from FY 2021). Profit margin: 30% (up from 28% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Germany.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Maurizio Rastrello was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Aug 10EI Towers Pick Banks to Explore M&AEI Towers S.p. A have picked Credit Suisse and Mediobanca as advisers to look into a potential combination with state-controlled rival Rai Way S.p.A. (BIT:RWAY), two sources familiar with the matter said. The move shows how the companies are still looking to work out a long mooted tie-up despite uncertainty created by national elections in Italy next month. A potential deal could create a group worth more than €2 billion ($2.04 billion). EI Towers is 60%-owned by Italian infrastructure fund F2i and Italy’s top commercial broadcaster MediaForEurope (MFE), controlled by the family of former Prime Minister Silvio Berlusconi, holds the remaining 40%. “Things are in the very preliminary stage”, one of the sources said. A second source said other advisers are expected to join Mediobanca and Credit Suisse. A F2i spokesperson said no adviser has been formally appointed yet. MFE declined to comment. Under the decree, RAI can cut its stake in Rai Way as low as 30% but no lower, while keeping control of Rai Way’s infrastructure. A potential deal, whose key details need still to be finalised, could include an extraordinary payout for Rai Way and EI Towers investors, according to a report by Italian daily La Repubblica on August 9, 2022, which sent Rai Way shares up as much as 7% on the day.Reported Earnings • Jul 31Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €61.4m (up 8.1% from 2Q 2021). Net income: €18.2m (up 11% from 2Q 2021). Profit margin: 30% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 3.4%, compared to a 2.0% growth forecast for the industry in Germany.Board Change • Jun 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Maurizio Rastrello was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 16Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 4.3%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.4%).Board Change • May 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Maurizio Rastrello was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Mar 31RaiWay Announces Board ChangesRaiWay has announced the appointment of Maurizio Rastrello as the new chairman of its board of directors, replacing Giuseppe Pasciucco, who has stepped down for personal reasons. The tower unit of Italian state broadcaster Rai said Rastrello and Roberta Enni will take over as directors from Pasciucco and Stefano Cicotti, who also stepped down last week.Buying Opportunity • Mar 05Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 5.1%. The fair value is estimated to be €6.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.0% per annum over the last 3 years.공시 • Feb 16Rai Way S.p.A. to Report Fiscal Year 2021 Results on Mar 17, 2022Rai Way S.p.A. announced that they will report fiscal year 2021 results on Mar 17, 2022Reported Earnings • Nov 14Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €58.4m (up 2.6% from 3Q 2020). Net income: €19.6m (up 8.4% from 3Q 2020). Profit margin: 34% (up from 32% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €57.2m (up 2.9% from 2Q 2020). Net income: €16.3m (down 2.8% from 2Q 2020). Profit margin: 28% (down from 30% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.Upcoming Dividend • May 17Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (4.0%).Reported Earnings • Apr 07Full year 2020 earnings released: EPS €0.24 (vs €0.23 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €224.5m (up 1.0% from FY 2019). Net income: €64.0m (up 1.0% from FY 2019). Profit margin: 28% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year.Reported Earnings • Mar 20Full year 2020 earnings releasedThe company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €225.0m (up 1.2% from FY 2019). Net income: €64.0m (up 1.0% from FY 2019). Profit margin: 28% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat.Is New 90 Day High Low • Feb 21New 90-day low: €4.83The company is down 12% from its price of €5.51 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.08 per share.공시 • Jan 31+ 3 more updatesRai Way S.p.A. to Report Q1, 2021 Results on May 13, 2021Rai Way S.p.A. announced that they will report Q1, 2021 results on May 13, 2021Is New 90 Day High Low • Jan 27New 90-day low: €5.05The company is down 4.0% from its price of €5.28 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.57 per share.Is New 90 Day High Low • Dec 22New 90-day high: €5.63The company is up 7.0% from its price of €5.25 on 23 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.80 per share.Analyst Estimate Surprise Post Earnings • Nov 16Revenue beats expectationsRevenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 2.2%, compared to a 2.2% growth forecast for the Media industry in Germany.Is New 90 Day High Low • Oct 19New 90-day low: €5.19The company is down 10.0% from its price of €5.79 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.79 per share.Is New 90 Day High Low • Sep 24New 90-day low: €5.25The company is down 9.0% from its price of €5.74 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.68 per share.매출 및 비용 세부 내역Rai Way가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:4RW 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Mar 26286888031 Dec 25284898030 Sep 25281908030 Jun 25279908031 Mar 25277898031 Dec 24276908030 Sep 24274879030 Jun 24274899031 Mar 24273879031 Dec 23272879030 Sep 23265878030 Jun 23260828031 Mar 23253788031 Dec 22245748030 Sep 22243698030 Jun 22238698031 Mar 22234678031 Dec 21230658030 Sep 21229668030 Jun 21227648031 Mar 21225658031 Dec 20224648030 Sep 20224659030 Jun 20222649031 Mar 20222649031 Dec 19221639030 Sep 192206215030 Jun 192196115031 Mar 192196115031 Dec 182186015030 Sep 182175915030 Jun 182176015031 Mar 182165715031 Dec 172165615030 Sep 172165316030 Jun 172175016031 Mar 172164516031 Dec 162154216030 Sep 162154115030 Jun 162143915031 Mar 162134015031 Dec 152123915030 Sep 152083715030 Jun 1520835150양질의 수익: 4RW는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 4RW의 현재 순 이익률 (30.6%)은 지난해 (32%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 4RW의 수익은 지난 5년 동안 연평균 7.7% 증가했습니다.성장 가속화: 4RW은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: 4RW은 지난 1년 동안 수익이 감소(-1.1%)하여 Telecom 업계 평균(-13.7%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: 4RW의 자본 수익률(41%)은 뛰어남으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTelecom 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 22:05종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Rai Way S.p.A.는 16명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrea TodeschiniBanca Akros S.p.A. (ESN)Andrea TodeschiniBanca Akros S.p.A. (ESN)Giorgia ArianoBanca Akros S.p.A. (ESN)13명의 분석가 더 보기
공시 • Jan 22+ 3 more updatesRai Way S.p.A. to Report Fiscal Year 2025 Results on Mar 23, 2026Rai Way S.p.A. announced that they will report fiscal year 2025 results on Mar 23, 2026
공시 • Jan 30+ 3 more updatesRai Way S.p.A. to Report Q1, 2025 Results on May 14, 2025Rai Way S.p.A. announced that they will report Q1, 2025 results on May 14, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.084 (vs €0.093 in 3Q 2023)Third quarter 2024 results: EPS: €0.084 (down from €0.093 in 3Q 2023). Revenue: €70.6m (up 3.5% from 3Q 2023). Net income: €23.4m (down 6.3% from 3Q 2023). Profit margin: 33% (down from 37% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: €0.087 (vs €0.08 in 2Q 2023)Second quarter 2024 results: EPS: €0.087 (up from €0.08 in 2Q 2023). Revenue: €68.8m (up 1.0% from 2Q 2023). Net income: €23.4m (up 9.5% from 2Q 2023). Profit margin: 34% (up from 31% in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 03Full year 2023 earnings released: EPS: €0.32 (vs €0.28 in FY 2022)Full year 2023 results: EPS: €0.32 (up from €0.28 in FY 2022). Revenue: €272.0m (up 11% from FY 2022). Net income: €86.7m (up 18% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 27Full year 2023 earnings releasedFull year 2023 results: Revenue: €274.0m (up 12% from FY 2022). Net income: €86.7m (up 18% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany.
Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Chairman of the Board of Statutory Auditors Silvia Muzi is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Mar 25Rai Way S.p.A. announces Annual dividend, payable on May 20, 2026Rai Way S.p.A. announced Annual dividend of EUR 0.3300 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
공시 • Jan 22+ 3 more updatesRai Way S.p.A. to Report Fiscal Year 2025 Results on Mar 23, 2026Rai Way S.p.A. announced that they will report fiscal year 2025 results on Mar 23, 2026
공시 • Mar 21Rai Way S.p.A. announces Annual dividend, payable on May 21, 2025Rai Way S.p.A. announced Annual dividend of EUR 0.3340 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
공시 • Jan 30+ 3 more updatesRai Way S.p.A. to Report Q1, 2025 Results on May 14, 2025Rai Way S.p.A. announced that they will report Q1, 2025 results on May 14, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.084 (vs €0.093 in 3Q 2023)Third quarter 2024 results: EPS: €0.084 (down from €0.093 in 3Q 2023). Revenue: €70.6m (up 3.5% from 3Q 2023). Net income: €23.4m (down 6.3% from 3Q 2023). Profit margin: 33% (down from 37% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Nov 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 93% Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk High level of debt (76% net debt to equity).
New Risk • Aug 02New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 76% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 93% Minor Risk High level of debt (76% net debt to equity).
Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: €0.087 (vs €0.08 in 2Q 2023)Second quarter 2024 results: EPS: €0.087 (up from €0.08 in 2Q 2023). Revenue: €68.8m (up 1.0% from 2Q 2023). Net income: €23.4m (up 9.5% from 2Q 2023). Profit margin: 34% (up from 31% in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Board Change • May 19High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Member of Statutory Auditor Giovanni Caravetta was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 13Upcoming dividend of €0.32 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio and cash payout ratio are on the higher end at 100% and 81% respectively. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.2%).
Reported Earnings • May 03Full year 2023 earnings released: EPS: €0.32 (vs €0.28 in FY 2022)Full year 2023 results: EPS: €0.32 (up from €0.28 in FY 2022). Revenue: €272.0m (up 11% from FY 2022). Net income: €86.7m (up 18% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 27Full year 2023 earnings releasedFull year 2023 results: Revenue: €274.0m (up 12% from FY 2022). Net income: €86.7m (up 18% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany.
Buy Or Sell Opportunity • Feb 06Now 21% undervaluedOver the last 90 days, the stock has risen 5.7% to €4.90. The fair value is estimated to be €6.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 0.2% per annum over the same time period.
공시 • Jan 27+ 4 more updatesRai Way S.p.A., Annual General Meeting, Apr 30, 2024Rai Way S.p.A., Annual General Meeting, Apr 30, 2024. Agenda: To consider approval of the Financial Statement as of 31 December 2023.
Buy Or Sell Opportunity • Jan 21Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at €4.77. The fair value is estimated to be €6.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 0.2% per annum over the same time period.
Buying Opportunity • Dec 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.4%. The fair value is estimated to be €6.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 8.4%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 0.6% per annum over the same time period.
Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €69.8m (up 8.0% from 3Q 2022). Net income: €24.9m (up 30% from 3Q 2022). Profit margin: 36% (up from 30% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Germany.
New Risk • Jul 31New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 69% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 106% Minor Risk High level of debt (69% net debt to equity).
Reported Earnings • Jul 30Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €68.7m (up 12% from 2Q 2022). Net income: €21.4m (up 18% from 2Q 2022). Profit margin: 31% (up from 30% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Germany.
공시 • Jun 28Rai Way S.p.A. to Report Q2, 2023 Results on Jul 27, 2023Rai Way S.p.A. announced that they will report Q2, 2023 results on Jul 27, 2023
Upcoming Dividend • May 22Upcoming dividend of €0.27 per share at 4.9% yieldEligible shareholders must have bought the stock before 29 May 2023. Payment date: 31 May 2023. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.0%).
공시 • May 10Rai Way S.p.A. to Report Q1, 2023 Results on May 11, 2023Rai Way S.p.A. announced that they will report Q1, 2023 results on May 11, 2023
Reported Earnings • Mar 20Full year 2022 earnings releasedFull year 2022 results: Revenue: €248.5m (up 7.9% from FY 2021). Net income: €73.7m (up 13% from FY 2021). Profit margin: 30% (up from 28% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Germany.
Reported Earnings • Mar 19Full year 2022 earnings releasedFull year 2022 results: Revenue: €248.5m (up 7.9% from FY 2021). Net income: €73.7m (up 13% from FY 2021). Profit margin: 30% (up from 28% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Germany.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Maurizio Rastrello was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Aug 10EI Towers Pick Banks to Explore M&AEI Towers S.p. A have picked Credit Suisse and Mediobanca as advisers to look into a potential combination with state-controlled rival Rai Way S.p.A. (BIT:RWAY), two sources familiar with the matter said. The move shows how the companies are still looking to work out a long mooted tie-up despite uncertainty created by national elections in Italy next month. A potential deal could create a group worth more than €2 billion ($2.04 billion). EI Towers is 60%-owned by Italian infrastructure fund F2i and Italy’s top commercial broadcaster MediaForEurope (MFE), controlled by the family of former Prime Minister Silvio Berlusconi, holds the remaining 40%. “Things are in the very preliminary stage”, one of the sources said. A second source said other advisers are expected to join Mediobanca and Credit Suisse. A F2i spokesperson said no adviser has been formally appointed yet. MFE declined to comment. Under the decree, RAI can cut its stake in Rai Way as low as 30% but no lower, while keeping control of Rai Way’s infrastructure. A potential deal, whose key details need still to be finalised, could include an extraordinary payout for Rai Way and EI Towers investors, according to a report by Italian daily La Repubblica on August 9, 2022, which sent Rai Way shares up as much as 7% on the day.
Reported Earnings • Jul 31Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €61.4m (up 8.1% from 2Q 2021). Net income: €18.2m (up 11% from 2Q 2021). Profit margin: 30% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 3.4%, compared to a 2.0% growth forecast for the industry in Germany.
Board Change • Jun 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Maurizio Rastrello was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 16Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 4.3%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.4%).
Board Change • May 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Maurizio Rastrello was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Mar 31RaiWay Announces Board ChangesRaiWay has announced the appointment of Maurizio Rastrello as the new chairman of its board of directors, replacing Giuseppe Pasciucco, who has stepped down for personal reasons. The tower unit of Italian state broadcaster Rai said Rastrello and Roberta Enni will take over as directors from Pasciucco and Stefano Cicotti, who also stepped down last week.
Buying Opportunity • Mar 05Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 5.1%. The fair value is estimated to be €6.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.0% per annum over the last 3 years.
공시 • Feb 16Rai Way S.p.A. to Report Fiscal Year 2021 Results on Mar 17, 2022Rai Way S.p.A. announced that they will report fiscal year 2021 results on Mar 17, 2022
Reported Earnings • Nov 14Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €58.4m (up 2.6% from 3Q 2020). Net income: €19.6m (up 8.4% from 3Q 2020). Profit margin: 34% (up from 32% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €57.2m (up 2.9% from 2Q 2020). Net income: €16.3m (down 2.8% from 2Q 2020). Profit margin: 28% (down from 30% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.
Upcoming Dividend • May 17Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (4.0%).
Reported Earnings • Apr 07Full year 2020 earnings released: EPS €0.24 (vs €0.23 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €224.5m (up 1.0% from FY 2019). Net income: €64.0m (up 1.0% from FY 2019). Profit margin: 28% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year.
Reported Earnings • Mar 20Full year 2020 earnings releasedThe company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €225.0m (up 1.2% from FY 2019). Net income: €64.0m (up 1.0% from FY 2019). Profit margin: 28% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat.
Is New 90 Day High Low • Feb 21New 90-day low: €4.83The company is down 12% from its price of €5.51 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.08 per share.
공시 • Jan 31+ 3 more updatesRai Way S.p.A. to Report Q1, 2021 Results on May 13, 2021Rai Way S.p.A. announced that they will report Q1, 2021 results on May 13, 2021
Is New 90 Day High Low • Jan 27New 90-day low: €5.05The company is down 4.0% from its price of €5.28 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.57 per share.
Is New 90 Day High Low • Dec 22New 90-day high: €5.63The company is up 7.0% from its price of €5.25 on 23 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.80 per share.
Analyst Estimate Surprise Post Earnings • Nov 16Revenue beats expectationsRevenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 2.2%, compared to a 2.2% growth forecast for the Media industry in Germany.
Is New 90 Day High Low • Oct 19New 90-day low: €5.19The company is down 10.0% from its price of €5.79 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.79 per share.
Is New 90 Day High Low • Sep 24New 90-day low: €5.25The company is down 9.0% from its price of €5.74 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.68 per share.