View ValuationRai Way 향후 성장Future 기준 점검 1/6Rai Way (는) 각각 연간 2.8% 및 3.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 3.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 48.2% 로 예상됩니다.핵심 정보2.8%이익 성장률3.23%EPS 성장률Telecom 이익 성장21.2%매출 성장률3.5%향후 자기자본이익률48.20%애널리스트 커버리지Low마지막 업데이트19 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • May 15First quarter 2026 earnings released: EPS: €0.08 (vs €0.084 in 1Q 2025)First quarter 2026 results: EPS: €0.08 (down from €0.084 in 1Q 2025). Revenue: €72.1m (up 3.0% from 1Q 2025). Net income: €21.6m (down 4.2% from 1Q 2025). Profit margin: 30% (down from 32% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.Board Change • May 14High 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.Upcoming Dividend • May 11Upcoming dividend of €0.33 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio and cash payout ratio are on the higher end at 100% and 94% respectively. Trailing yield: 5.4%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.4%).Buy Or Sell Opportunity • May 08Now 20% undervaluedOver the last 90 days, the stock has risen 5.7% to €6.10. The fair value is estimated to be €7.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 4.9%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 2.3% per annum over the same time period.Declared Dividend • Mar 30Dividend reduced to €0.33Dividend of €0.33 is 1.2% lower than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 5.7%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 17% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Mar 25Full year 2025 earnings releasedFull year 2025 results: Revenue: €282.8m (up 2.4% from FY 2024). Net income: €88.6m (down 1.5% from FY 2024). Profit margin: 31% (down from 33% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year.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, 2026New Risk • Nov 20New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 80% 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: 100% Cash payout ratio: 99% Minor Risk High level of debt (80% net debt to equity).Reported Earnings • Nov 16Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €71.0m (up 3.1% from 3Q 2024). Net income: €23.4m (flat on 3Q 2024). Profit margin: 33% (in line with 3Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Europe.Reported Earnings • Aug 03Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €70.3m (up 2.3% from 2Q 2024). Net income: €24.7m (up 5.7% from 2Q 2024). Profit margin: 35% (up from 34% in 2Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Europe.Reported Earnings • May 15First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €70.1m (up 1.8% from 1Q 2024). Net income: €22.6m (down 5.1% from 1Q 2024). Profit margin: 32% (down from 35% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe.Upcoming Dividend • May 12Upcoming dividend of €0.33 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 5.4%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (4.0%).Declared Dividend • Mar 23Dividend increased to €0.33Dividend of €0.33 is 3.7% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.9% to bring the payout ratio under control. EPS is expected to grow by 12% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.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.Reported Earnings • Mar 20Full year 2024 earnings releasedFull year 2024 results: Revenue: €276.1m (up 1.5% from FY 2023). Net income: €89.9m (up 3.7% from FY 2023). Profit margin: 33% (in line with FY 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Europe.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 2.1% growth forecast for the Telecom industry in Europe. 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 14New 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 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.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 British dividend payers (5.7%). Higher than average of industry peers (4.5%).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 1.9% growth forecast for the Telecom industry in Europe. 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 1.9% growth forecast for the Telecom industry in Europe.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.Buying Opportunity • Jan 19Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.5%. The fair value is estimated to be €5.93, 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 is also forecast to grow by 0.2% per annum over the same time period.Buying Opportunity • Dec 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.1%. The fair value is estimated to be €6.15, 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 2.0% growth forecast for the Telecom industry in Europe.New Risk • Jul 30New 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 2.2% growth forecast for the Telecom industry in Europe.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%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (4.1%).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 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 2.2% growth forecast for the Telecom industry in Europe.Buying Opportunity • Mar 11Now 21% undervaluedOver the last 90 days, the stock is up 6.6%. The fair value is estimated to be €7.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 7.8% per annum over the same time period.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.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 3.2% growth forecast for the industry in the United Kingdom.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.Buying Opportunity • May 23Now 21% undervaluedOver the last 90 days, the stock is up 6.8%. The fair value is estimated to be €6.78, 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 3.5%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings is also forecast to grow by 4.0% per annum over the same time period.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%. Lower than top quartile of British dividend payers (4.9%). In line with average of industry peers (4.2%).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.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 9% 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 2% 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 British dividend payers (4.1%). Higher than average of industry peers (2.1%).Reported Earnings • Apr 06Full 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 increased by 1% per year.Is New 90 Day High Low • Feb 19New 90-day low: €4.94The company is down 12% from its price of €5.63 on 10 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.70 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 1.7% decline forecast for the Media industry in the United Kingdom.이익 및 매출 성장 예측LSE:0R40 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20283149397154412/31/20273049393153512/31/2026290888612143/31/202628688102153N/A12/31/20252848994146N/A9/30/20252819091142N/A6/30/20252799078129N/A3/31/20252778985134N/A12/31/20242769082132N/A9/30/20242748788145N/A6/30/20242748993150N/A3/31/20242738791147N/A12/31/20232728790147N/A9/30/20232658778137N/A6/30/20232608270134N/A3/31/20232537855127N/A12/31/20222457461137N/A9/30/20222436953124N/A6/30/20222386942123N/A3/31/20222346744125N/A12/31/20212306533117N/A9/30/20212296632112N/A6/30/20212276444114N/A3/31/20212256559123N/A12/31/20202246456116N/A9/30/20202246560117N/A6/30/20202226472119N/A3/31/20202226462103N/A12/31/201922163N/A111N/A9/30/201922062N/A114N/A6/30/201921961N/A103N/A3/31/201921961N/A99N/A12/31/201821860N/A105N/A9/30/201821759N/A82N/A6/30/201821760N/A105N/A3/31/201821657N/A89N/A12/31/201721656N/A71N/A9/30/201721653N/A77N/A6/30/201721750N/A57N/A3/31/201721645N/A84N/A12/31/201621542N/A92N/A9/30/201621541N/A90N/A6/30/201621439N/A111N/A3/31/201621340N/A99N/A12/31/201521239N/A89N/A9/30/201520837N/A82N/A6/30/201520835N/A85N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 0R40 의 연간 예상 수익 증가율(2.8%)이 saving rate(3.4%) 미만입니다.수익 vs 시장: 0R40 의 연간 수익(2.8%)이 UK 시장(11.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 0R40 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 0R40 의 수익(연간 3.5%)이 UK 시장(연간 4.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 0R40 의 수익(연간 3.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 0R40의 자본 수익률은 3년 후 48.2%로 매우 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTelecom 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 20:09종가2026/05/25 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
Reported Earnings • May 15First quarter 2026 earnings released: EPS: €0.08 (vs €0.084 in 1Q 2025)First quarter 2026 results: EPS: €0.08 (down from €0.084 in 1Q 2025). Revenue: €72.1m (up 3.0% from 1Q 2025). Net income: €21.6m (down 4.2% from 1Q 2025). Profit margin: 30% (down from 32% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.
Board Change • May 14High 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.
Upcoming Dividend • May 11Upcoming dividend of €0.33 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio and cash payout ratio are on the higher end at 100% and 94% respectively. Trailing yield: 5.4%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.4%).
Buy Or Sell Opportunity • May 08Now 20% undervaluedOver the last 90 days, the stock has risen 5.7% to €6.10. The fair value is estimated to be €7.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 4.9%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 2.3% per annum over the same time period.
Declared Dividend • Mar 30Dividend reduced to €0.33Dividend of €0.33 is 1.2% lower than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 5.7%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 17% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Mar 25Full year 2025 earnings releasedFull year 2025 results: Revenue: €282.8m (up 2.4% from FY 2024). Net income: €88.6m (down 1.5% from FY 2024). Profit margin: 31% (down from 33% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year.
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
New Risk • Nov 20New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 80% 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: 100% Cash payout ratio: 99% Minor Risk High level of debt (80% net debt to equity).
Reported Earnings • Nov 16Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €71.0m (up 3.1% from 3Q 2024). Net income: €23.4m (flat on 3Q 2024). Profit margin: 33% (in line with 3Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Europe.
Reported Earnings • Aug 03Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €70.3m (up 2.3% from 2Q 2024). Net income: €24.7m (up 5.7% from 2Q 2024). Profit margin: 35% (up from 34% in 2Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Europe.
Reported Earnings • May 15First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €70.1m (up 1.8% from 1Q 2024). Net income: €22.6m (down 5.1% from 1Q 2024). Profit margin: 32% (down from 35% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe.
Upcoming Dividend • May 12Upcoming dividend of €0.33 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 5.4%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (4.0%).
Declared Dividend • Mar 23Dividend increased to €0.33Dividend of €0.33 is 3.7% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.9% to bring the payout ratio under control. EPS is expected to grow by 12% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
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.
Reported Earnings • Mar 20Full year 2024 earnings releasedFull year 2024 results: Revenue: €276.1m (up 1.5% from FY 2023). Net income: €89.9m (up 3.7% from FY 2023). Profit margin: 33% (in line with FY 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Europe.
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 2.1% growth forecast for the Telecom industry in Europe. 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 14New 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 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
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 British dividend payers (5.7%). Higher than average of industry peers (4.5%).
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 1.9% growth forecast for the Telecom industry in Europe. 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 1.9% growth forecast for the Telecom industry in Europe.
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.
Buying Opportunity • Jan 19Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.5%. The fair value is estimated to be €5.93, 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 is also forecast to grow by 0.2% per annum over the same time period.
Buying Opportunity • Dec 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.1%. The fair value is estimated to be €6.15, 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 2.0% growth forecast for the Telecom industry in Europe.
New Risk • Jul 30New 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 2.2% growth forecast for the Telecom industry in Europe.
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%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (4.1%).
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 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 2.2% growth forecast for the Telecom industry in Europe.
Buying Opportunity • Mar 11Now 21% undervaluedOver the last 90 days, the stock is up 6.6%. The fair value is estimated to be €7.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 7.8% per annum over the same time period.
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.
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 3.2% growth forecast for the industry in the United Kingdom.
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.
Buying Opportunity • May 23Now 21% undervaluedOver the last 90 days, the stock is up 6.8%. The fair value is estimated to be €6.78, 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 3.5%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings is also forecast to grow by 4.0% per annum over the same time period.
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%. Lower than top quartile of British dividend payers (4.9%). In line with average of industry peers (4.2%).
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.
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 9% 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 2% 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 British dividend payers (4.1%). Higher than average of industry peers (2.1%).
Reported Earnings • Apr 06Full 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 increased by 1% per year.
Is New 90 Day High Low • Feb 19New 90-day low: €4.94The company is down 12% from its price of €5.63 on 10 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.70 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 1.7% decline forecast for the Media industry in the United Kingdom.