Italian (Borsa Italiana) Infrastructure Industry Analysis

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
Fri, 15 May 2026	€3.4b	€1.3b	€136.5m	28.3x	24.6x	2.5x
Sun, 12 Apr 2026	€3.7b	€1.3b	€136.5m	31.5x	26.9x	2.7x
Tue, 10 Mar 2026	€3.6b	€1.3b	€148.0m	22.6x	24.1x	2.7x
Thu, 05 Feb 2026	€3.5b	€1.3b	€148.0m	23x	23.8x	2.6x
Sat, 03 Jan 2026	€3.3b	€1.3b	€148.0m	21.9x	22.5x	2.5x
Mon, 01 Dec 2025	€3.2b	€1.3b	€148.0m	21.3x	21.7x	2.4x
Wed, 29 Oct 2025	€3.2b	€1.3b	€154.8m	20.6x	20.8x	2.4x
Fri, 26 Sep 2025	€3.0b	€1.3b	€155.0m	19.8x	19.5x	2.2x
Sun, 24 Aug 2025	€3.0b	€1.3b	€150.7m	29.2x	20.2x	2.3x
Tue, 22 Jul 2025	€2.8b	€1.3b	€151.0m	27.2x	18.7x	2.1x
Thu, 19 Jun 2025	€2.9b	€1.3b	€152.3m	20.3x	19.1x	2.2x
Sat, 17 May 2025	€2.9b	€1.3b	€152.9m	19.6x	18.9x	2.2x
Mon, 14 Apr 2025	€2.6b	€1.3b	€168.9m	17.8x	15.3x	1.9x
Wed, 12 Mar 2025	€2.5b	€1.3b	€156.0m	17.6x	16.3x	1.9x
Fri, 07 Feb 2025	€2.5b	€1.3b	€156.0m	17.6x	16.1x	1.9x
Sun, 05 Jan 2025	€2.9b	€1.3b	€156.0m	19.1x	18.3x	2.2x
Tue, 03 Dec 2024	€2.8b	€1.3b	€156.0m	18.4x	18x	2.1x
Thu, 31 Oct 2024	€2.7b	€1.3b	€158.7m	16.5x	17x	2.1x
Sat, 28 Sep 2024	€2.8b	€1.3b	€158.8m	15.2x	17.7x	2.1x
Mon, 26 Aug 2024	€2.7b	€1.3b	€155.7m	16.1x	17.5x	2.1x
Wed, 24 Jul 2024	€2.8b	€1.3b	€158.9m	16.6x	17.5x	2.2x
Fri, 21 Jun 2024	€2.6b	€1.3b	€158.9m	15.8x	16.2x	2x
Sun, 19 May 2024	€2.7b	€1.3b	€158.9m	16.1x	17.3x	2.1x
Tue, 16 Apr 2024	€2.6b	€1.3b	€146.7m	17.9x	17.9x	2.1x
Thu, 14 Mar 2024	€2.4b	€1.2b	€130.1m	21.7x	18.8x	2x
Sat, 10 Feb 2024	€2.4b	€1.2b	€130.1m	22.4x	18.4x	2x
Mon, 08 Jan 2024	€21.3b	€8.2b	€208.1m	22.9x	102.4x	2.6x
Wed, 06 Dec 2023	€21.2b	€8.2b	€208.1m	21.7x	101.9x	2.6x
Fri, 03 Nov 2023	€21.2b	€8.2b	€194.2m	22.4x	109.1x	2.6x
Sun, 01 Oct 2023	€21.3b	€8.2b	€193.7m	23.5x	110.1x	2.6x
Tue, 29 Aug 2023	€21.4b	€8.2b	€191.0m	27.9x	112.3x	2.6x
Thu, 27 Jul 2023	€21.5b	€8.2b	€201.2m	25.3x	107x	2.6x
Sat, 24 Jun 2023	€21.5b	€8.2b	€201.2m	25.5x	107.1x	2.6x
Mon, 22 May 2023	€21.6b	€8.1b	€198.2m	25.6x	109.2x	2.7x

Current Industry PE

Investors are pessimistic on the Italian Infrastructure industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 24.4x which is lower than its 3-year average PE of 40.6x.

The industry is trading close to its 3-year average PS ratio of 2.3x.

Past Earnings Growth

The earnings for companies in the Infrastructure industry have declined 12% per year over the last three years,
Revenues have also declined 45% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Italian Industrials industry?


IT Market	0.97%
Industrials	0.54%
Infrastructure	-3.84%
Highways and Railtracks	-1.29%
Airport Services	-3.88%

Industry PE

Investors are most optimistic about the Highways and Railtracks industry which is trading above its 3-year average PE ratio of 81.3x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Airport Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 19.5x.

Forecasted Growth

Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 12% over the next 5 years.
This is better than its past earnings decline of 12% per year.

In contrast, the Airport Services industry is expected to see its earnings grow by 12% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	AUTME Autostrade Meridionali	€2.82	0.7% +€87.5k	0.2%	PS13.1x

Company

Last Price

Valuation

AUTME Autostrade Meridionali

€2.82

0.7%
+€87.5k

0.2%

PS13.1x

Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreementto acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million.

Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreement to acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million on May 13, 2026. The total purchase price of approximately $366.7 million will be paid 50% at closing and 50% on the one-year anniversary. Iridium will also assume Aireon's outstanding debt, expected to be approximately $155 million at closing. At Closing, Iridium will enter into the Credit and Guaranty Agreement pursuant to which the Sellers will provide IIridium with a $183.36 million term loan, bearing no interest, and maturing one year following the Closing, to fund the deferred portion of the purchase price. The loan will be secured by a first-priority lien on the equity interests of Aireon and other intermediate holding company entities. The Closing is subject to customary conditions, including the accuracy of representations and warranties, performance of covenants, and receipt of required regulatory approvals including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is targeted to close in early July. The acquisition of Aireon is accretive to Iridium's growth outlook; over the past three years, Aireon's total revenue has grown at a compound annual growth rate (CAGR) of 10%. Iridium expects the acquisition will result in at least an additional consolidated $100 million of service revenue and $30 million of OEBITDA on an annualized basis. Evercore Inc. acted as financial advisor for Iridium Communications Inc. Josh Holleman of Cooley LLP acted as legal advisor for Iridium Communications Inc. Milbank LLP acted as legal advisor for Iridium Communications Inc. PJT Partners LP acted as financial advisor for Aireon LLC. Steven Kaufman, Joseph Gilligan and Gabrielle Witt of Hogan Lovells US LLP acted as legal advisor for Aireon LLC. RBC Capital Markets, LLC acted as financial advisor for NAV CANADA. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for NAV CANADA.

Italian (Borsa Italiana) Infrastructure Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreementto acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million.

Upcoming dividend of €0.35 per share

New minor risk - Share price stability

New minor risk - Financial data availability

Toscana Aeroporti S.p.A., Annual General Meeting, Apr 29, 2026

New minor risk - Financial data availability