Fiera Milano SpA's (BIT:FM) Popularity With Investors Is Under Threat From Overpricing
Jul 23
Italian (Borsa Italiana) Telecom Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies49
- 7D-3.0%
- 3M4.5%
- 1Y-8.4%
- YTD-9.3%
Over the last 7 days, the Telecom industry has dropped 1.9%, driven by a pullback from Telecom Italia of 7.7%. The industry has fallen 8.0% in the last year. Looking forward, earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | €21.7b | €25.6b | -€602,461,317.00 | 12.3x | -36.1x | 0.9x |
| Sun, 23 Jun 2024 | €20.7b | €25.2b | -€644,976,221.00 | 13.7x | -32.1x | 0.8x |
| Tue, 21 May 2024 | €21.4b | €25.0b | -€930,801,900.00 | 15x | -23x | 0.9x |
| 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 |
Price to Earnings Ratio
3.8x
Current Industry PE
- Investors are relatively neutral on the Italian Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.91x.
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 2.1% 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 | -1.89% | |
| Telecom | -3.04% | |
| Interactive Media and Services | 0.67% | |
| Wireless Telecom | 0% | |
| Telecom Services and Carriers | -2.60% | |
| Entertainment | -3.84% | |
| Media | -4.54% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 8.8x.
- Analysts expect its future annual earnings growth (10.5%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 86% over the next 5 years.
- In contrast, the Media industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| INW Infrastrutture Wireless Italiane | €10.27 | 0.5% +€46.2m | -11.6% | PE27.7x | |
| MN Arnoldo Mondadori Editore | €2.57 | 1.2% +€7.8m | 18.4% | PE11x | |
| CED Caltagirone Editore | €1.28 | 1.6% +€2.1m | 27.4% | PE8.7x | |
| IE Iervolino & Lady Bacardi Entertainment | €0.47 | 4.9% +€787.4k | -43.2% | PE3.5x | |
| SMN Simone | €1.93 | 5.2% +€712.5k | n/a | n/a |
