ENAV (BIT:ENAV) Is Paying Out A Larger Dividend Than Last Year
Mar 18
Italian (Borsa Italiana) Infrastructure Industry Analysis
UpdatedMar 23, 2023
DataAggregated Company Financials
Companies7
- 7D0.2%
- 3M0.5%
- 1Y28.2%
- YTD24.4%
Over the last 7 days, the Infrastructure industry has remained flat, although notably Toscana Aeroporti gained 4.7%. The past year has been better, since the industry has gained 28% in that time. As for the next few years, earnings are expected to grow by 33% per annum.
Industry Valuation and Performance
Has the Italian Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 Mar 2023 | €21.7b | €8.2b | €235.3m | 23.4x | 92.1x | 2.7x |
| Sat, 18 Feb 2023 | €21.6b | €8.2b | €267.0m | 19x | 81x | 2.6x |
| Mon, 16 Jan 2023 | €21.7b | €8.2b | €267.0m | 19.1x | 81.2x | 2.6x |
| Wed, 14 Dec 2022 | €21.8b | €8.2b | €267.0m | 18.8x | 81.7x | 2.7x |
| Fri, 11 Nov 2022 | €21.4b | €8.0b | €108.3m | 20.4x | 197.5x | 2.7x |
| Sun, 09 Oct 2022 | €21.2b | €8.0b | €108.3m | 18.7x | 195.7x | 2.6x |
| Tue, 06 Sep 2022 | €21.5b | €8.0b | €91.8m | 14.1x | 234x | 2.7x |
| Thu, 04 Aug 2022 | €21.7b | €7.5b | -€95,613,094.00 | 15.3x | -227.1x | 2.9x |
| Sat, 02 Jul 2022 | €21.2b | €7.5b | -€99,127,094.00 | 15x | -214.1x | 2.8x |
| Mon, 30 May 2022 | €21.6b | €7.5b | -€104,550,094.00 | 15.9x | -206.2x | 2.9x |
| Wed, 27 Apr 2022 | €21.9b | €7.2b | -€223,299,467.00 | 20.5x | -98x | 3x |
| Fri, 25 Mar 2022 | €17.9b | €7.1b | -€260,590,988.00 | 31.5x | -68.8x | 2.5x |
| Sun, 20 Feb 2022 | €16.5b | €10.7b | -€945,490,988.00 | 31.2x | -17.4x | 1.5x |
| Tue, 18 Jan 2022 | €17.1b | €10.7b | -€945,490,988.00 | 31.4x | -18.1x | 1.6x |
| Thu, 16 Dec 2021 | €16.7b | €10.7b | -€945,490,988.00 | 28.4x | -17.6x | 1.6x |
| Sat, 13 Nov 2021 | €17.1b | €10.6b | -€941,317,393.00 | 25.8x | -18.2x | 1.6x |
| Mon, 11 Oct 2021 | €16.2b | €10.3b | -€1,063,735,343.00 | 26.9x | -15.2x | 1.6x |
| Wed, 08 Sep 2021 | €15.7b | €10.3b | -€1,070,636,297.00 | 25x | -14.7x | 1.5x |
| Fri, 06 Aug 2021 | €15.3b | €10.3b | -€1,070,636,297.00 | 25.9x | -14.3x | 1.5x |
| Mon, 10 May 2021 | €16.1b | €9.7b | -€1,205,947,892.00 | 22.7x | -13.4x | 1.7x |
| Sun, 31 Jan 2021 | €13.2b | €9.9b | -€1,158,368,892.00 | 27.3x | -11.4x | 1.3x |
| Wed, 04 Nov 2020 | €12.9b | €9.3b | -€1,045,829,433.00 | 16.6x | -12.3x | 1.4x |
| Sat, 08 Aug 2020 | €13.5b | €10.2b | -€605,014,197.00 | 18.7x | -22.4x | 1.3x |
| Fri, 01 May 2020 | €15.0b | €13.3b | €131.5m | 17.8x | 114.2x | 1.1x |
Price to Earnings Ratio
92.1x
Current Industry PE
- Investors are optimistic on the Italian Infrastructure industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 92.1x which is higher than its 3-year average PE of 5.2x.
- The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 21% per year over the last three years.
- Meanwhile revenues for these companies have declined 15% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Italian Industrials industry?
| IT Market | 2.82% | |
| Industrials | 3.11% | |
| Infrastructure | 0.17% | |
| Highways and Railtracks | 0.23% | |
| Marine Ports and Services | 0% | |
| Airport Services | -0.28% | |
Industry PE
- Investors are most optimistic about the Highways and Railtracks industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 35.4%, which is higher than its past year's earnings decline of 1.1% per year.
- Investors are most pessimistic about the Airport Services industry, which is trading below its 3-year average of 154x.
Forecasted Growth
- Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 1.1% per year.
- In contrast, the Airport Services industry is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TYA Toscana Aeroporti | €12.25 | 4.7% +€10.2m | -0.8% | PE48.8x | |
| AUTME Autostrade Meridionali | €15.55 | 8.0% +€5.0m | -55.1% | PE4.3x | |
| ADB Aeroporto Guglielmo Marconi di Bologna | €7.90 | 1.0% +€2.9m | -7.5% | PE9.2x | |
| TWL TraWell Co | €7.02 | 1.2% +€198.4k | 30.5% | PE26.7x |