Is Rai Way S.p.A. (BIT:RWAY) Trading At A 26% Discount?
Apr 16
Italian (Borsa Italiana) Telecom Sector Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies50
- 7D-2.7%
- 3M-11.6%
- 1Y-19.9%
- YTD-15.1%
Over the last 7 days, the Telecom industry has dropped 2.7%, driven by pullbacks in Telecom Italia and Infrastrutture Wireless Italiane of 4.5% and 2.2%, respectively. Overall the industry is down 20% in 12 months. Looking forward, earnings are forecast to grow by 28% annually.
Sector Valuation and Performance
Has the Italian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | €20.4b | €26.1b | -€893,880,138.00 | 12.9x | -22.8x | 0.8x |
| Sat, 16 Mar 2024 | €20.5b | €25.9b | -€918,069,166.00 | 13.2x | -22.3x | 0.8x |
| Mon, 12 Feb 2024 | €21.4b | €25.4b | -€611,437,379.00 | 13.3x | -35x | 0.8x |
| Wed, 10 Jan 2024 | €23.0b | €25.5b | -€617,715,611.00 | 13x | -37.3x | 0.9x |
| Fri, 08 Dec 2023 | €21.8b | €25.3b | -€613,248,835.00 | 13.3x | -35.5x | 0.9x |
| Sun, 05 Nov 2023 | €21.5b | €25.7b | -€2,669,737,544.00 | 13.2x | -8x | 0.8x |
| Tue, 03 Oct 2023 | €23.0b | €25.7b | -€2,684,390,455.00 | 15.1x | -8.6x | 0.9x |
| Thu, 31 Aug 2023 | €23.6b | €25.6b | -€2,639,008,023.00 | 12.1x | -8.9x | 0.9x |
| Sat, 29 Jul 2023 | €23.1b | €25.5b | -€2,807,005,630.00 | 11.3x | -8.2x | 0.9x |
| Mon, 26 Jun 2023 | €23.3b | €25.5b | -€2,813,229,169.00 | 10.3x | -8.3x | 0.9x |
| Wed, 24 May 2023 | €23.7b | €25.5b | -€2,814,537,338.00 | 10.7x | -8.4x | 0.9x |
| Fri, 21 Apr 2023 | €24.5b | €25.1b | -€2,331,856,805.00 | 15.1x | -10.5x | 1x |
| Sun, 19 Mar 2023 | €22.9b | €25.1b | -€2,392,007,795.00 | 11.5x | -9.6x | 0.9x |
| Tue, 14 Feb 2023 | €22.6b | €24.5b | -€10,869,423,411.00 | 11.6x | -2.1x | 0.9x |
| Thu, 12 Jan 2023 | €20.9b | €24.5b | -€10,869,423,198.00 | 10.3x | -1.9x | 0.9x |
| Sat, 10 Dec 2022 | €19.2b | €24.5b | -€10,884,479,076.00 | 10.5x | -1.8x | 0.8x |
| Mon, 07 Nov 2022 | €19.1b | €24.4b | -€8,434,555,844.00 | 9.6x | -2.3x | 0.8x |
| Wed, 05 Oct 2022 | €18.7b | €24.4b | -€8,448,245,655.00 | 10x | -2.2x | 0.8x |
| Fri, 02 Sep 2022 | €19.3b | €24.4b | -€8,340,316,648.00 | 18.8x | -2.3x | 0.8x |
| Sun, 31 Jul 2022 | €20.8b | €24.2b | -€7,979,225,629.00 | 19.2x | -2.6x | 0.9x |
| Tue, 28 Jun 2022 | €21.2b | €24.2b | -€7,971,111,972.00 | 20.3x | -2.7x | 0.9x |
| Thu, 26 May 2022 | €22.5b | €24.1b | -€7,933,822,764.00 | 21.5x | -2.8x | 0.9x |
| Sat, 23 Apr 2022 | €22.9b | €24.1b | -€7,972,137,803.00 | 23.4x | -2.9x | 0.9x |
| Mon, 21 Mar 2022 | €26.1b | €27.0b | -€7,561,679,303.00 | 14.3x | -3.5x | 1x |
| Wed, 16 Feb 2022 | €27.4b | €26.8b | €7.3b | 14.9x | 3.7x | 1x |
| Fri, 14 Jan 2022 | €29.3b | €26.8b | €7.3b | 15.3x | 4x | 1.1x |
| Sun, 12 Dec 2021 | €26.7b | €23.9b | €6.9b | 15.3x | 3.8x | 1.1x |
| Tue, 09 Nov 2021 | €24.8b | €23.8b | €6.9b | 18.7x | 3.6x | 1x |
| Thu, 07 Oct 2021 | €24.2b | €23.8b | €7.2b | 16.9x | 3.4x | 1x |
| Sat, 04 Sep 2021 | €26.6b | €24.0b | €6.8b | 22.3x | 3.9x | 1.1x |
| Mon, 02 Aug 2021 | €26.1b | €24.0b | €6.8b | 20.9x | 3.8x | 1.1x |
| Thu, 06 May 2021 | €27.5b | €23.7b | €6.8b | 21.4x | 4.1x | 1.2x |
Price to Earnings Ratio
4.1x
Current Industry PE
- Investors are pessimistic on the Italian Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.94x.
Past Earnings Growth
- Total earnings for the Communication Services industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 3.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Italian Telecom sector?
| IT Market | -1.37% | |
| Telecom | -2.74% | |
| Wireless Telecom | 0% | |
| Media | -2.27% | |
| Telecom Services and Carriers | -2.55% | |
| Interactive Media and Services | -3.23% | |
| Entertainment | -7.70% | |
Industry PE
- Investors are most optimistic about the Media industry, which is trading close to its 3-year average PE ratio of 9.7x.
- Analysts are expecting annual earnings growth of 12.3%, which is lower than the prior year's growth of 18.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 106% over the next 5 years.
- In contrast, the Media industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| RWAY Rai Way | €5.19 | 2.2% +€29.5m | -11.7% | PE16.1x | |
| RCS RCS MediaGroup | €0.80 | 0.5% +€2.1m | 4.2% | PE7.3x | |
| IEG Italian Exhibition Group | €4.70 | 0.9% +€1.2m | 83.6% | PE11.2x | |
| S24 Il Sole 24 ORE | €0.65 | 1.3% +€520.1k | 29.6% | PE5.5x | |
| PMT Promotica | €2.08 | 1.0% +€339.2k | -25.7% | PE24.7x |
