DB:IW3

Stock Analysis Report

Executive Summary

Itway S.p.A. focuses on cloud information services for SMEs in network and cloud environment in the areas of security, storage management, business continuity, and Internet of Things platform.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.

Share Price & News

How has Itway's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

IW3

0.6%

DE Electronic

1.7%

DE Market


1 Year Return

31.8%

IW3

-4.5%

DE Electronic

7.2%

DE Market

Return vs Industry: IW3 exceeded the German Electronic industry which returned -4.5% over the past year.

Return vs Market: IW3 exceeded the German Market which returned 7.2% over the past year.


Shareholder returns

IW3IndustryMarket
7 Day0.9%0.6%1.7%
30 Day-4.0%2.8%2.4%
90 Day-7.2%-1.5%2.3%
1 Year31.8%31.8%-3.7%-4.5%10.6%7.2%
3 Year-62.4%-62.4%47.9%44.5%18.4%8.1%
5 Year-52.7%-52.7%131.9%119.8%42.3%22.9%

Price Volatility Vs. Market

How volatile is Itway's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Itway undervalued compared to its fair value and its price relative to the market?

2.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IW3 (€0.67) is trading above our estimate of fair value (€0.65)

Significantly Below Fair Value: IW3 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IW3 is good value based on its PE Ratio (2.9x) compared to the Electronic industry average (19.4x).

PE vs Market: IW3 is good value based on its PE Ratio (2.9x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IW3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IW3 is good value based on its PB Ratio (0.8x) compared to the DE Electronic industry average (1.7x).


Next Steps

Future Growth

How is Itway forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IW3's earnings are forecast to decline over the next 3 years (-7.8% per year).

Earnings vs Market: IW3's earnings are forecast to decline over the next 3 years (-7.8% per year).

High Growth Earnings: IW3's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if IW3's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if IW3's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IW3's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Itway performed over the past 5 years?

13.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IW3 has become profitable over the past 5 years, growing earnings by 13.4% per year.

Accelerating Growth: IW3 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IW3 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (9.9%).


Return on Equity

High ROE: Whilst IW3's Return on Equity (27.03%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: IW3's Return on Assets is below or equal to the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: IW3 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Itway's financial position?


Financial Position Analysis

Short Term Liabilities: IW3's short term assets (€20.2M) do not cover its short term liabilities (€25.5M)

Long Term Liabilities: IW3's short term assets (20.2M) exceeds its long term liabilities (3.0M)


Debt to Equity History and Analysis

Debt Level: IW3's debt to equity ratio (148.2%) is considered high

Reducing Debt: IW3's debt to equity ratio has reduced from 159.4% to 148.2% over the past 5 years.

Debt Coverage: IW3's debt is well covered by operating cash flow (37.8%).

Interest Coverage: Insufficient data to determine if IW3's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: IW3 has a low level of unsold assets or inventory.

Debt Coverage by Assets: IW3's debt is covered by short term assets (assets are 2.321670x debt).


Next Steps

Dividend

What is Itway's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate IW3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate IW3's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if IW3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IW3's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: IW3 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IW3's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Itway's salary, the management and board of directors tenure and is there insider trading?

€543k

CEO Compensation


CEO

Giovanni Farina 0

0yrs

Tenure

€542,695

Compensation

Mr. Giovanni Andrea Farina serves the Chairman, Chief Executive Officer and President of Itway S.p.A and served as its Managing Director. Mr. Farina served as President of Diogene S r l and Rigel S r l. H ...


CEO Compensation Analysis

Compensation vs. Market: Giovanni's total compensation ($USD0.00) is too low to compare against companies of similar size in the German market ($USD209.32K).

Compensation vs Earnings: Giovanni's compensation has been consistent with company performance over the past year.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Cesare Valenti

    MD & Executive Director

    • Tenure: 0yrs
    • Compensation: €274.38k
  • Giovanni Farina

    Chairman

    • Tenure: 0yrs
    • Compensation: €542.70k
  • Andrea De Marchi

    Group CFO & Deputy Director General

    • Tenure: 0yrs
    • Compensation: €7.31k

Board Members

  • Cesare Valenti

    MD & Executive Director

    • Tenure: 0yrs
    • Compensation: €274.38k
  • Giovanni Farina

    Chairman

    • Tenure: 0yrs
    • Compensation: €542.70k
  • Daniele Chiari

    Chairman of Statutory Auditor Board

    • Tenure: 0yrs
    • Compensation: €31.72k
  • Piera Magnatti

    Independent Director

    • Tenure: 0yrs
  • Valentino Bravi

    Independent Director

    • Tenure: 0yrs
  • Silvia Caporali

    Member of Statutory Auditors Board

    • Tenure: 0yrs
    • Compensation: €23.92k
  • Annunziata Magnotti

    Independent Director

    • Tenure: 0yrs
  • Rita Santolini

    Member of Statutory Auditors Board

    • Tenure: 0yrs

Company Information

Itway S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Itway S.p.A.
  • Ticker: IW3
  • Exchange: DB
  • Founded: 1996
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: €4.767m
  • Shares outstanding: 7.05m
  • Website: https://www.itway.com

Number of Employees


Location

  • Itway S.p.A.
  • Via L. Braille,15
  • Ravenna
  • Ravenna
  • 48124
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITWBIT (Borsa Italiana)YesCommon StockITEURJul 2001
IW3DB (Deutsche Boerse AG)YesCommon StockDEEURJul 2001
ITWMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJul 2001

Biography

Itway S.p.A. focuses on cloud information services for SMEs in network and cloud environment in the areas of security, storage management, business continuity, and Internet of Things platform. It provides  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 21:04
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.