BIT:WIIT

Stock Analysis Report

Executive Summary

Wiit S.p.A. provides cloud services for various businesses in Italy and internationally.

Snowflake

Fundamentals

Solid track record with high growth potential.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

WIIT

2.2%

IT IT

0.5%

IT Market


1 Year Return

51.9%

WIIT

8.8%

IT IT

11.6%

IT Market

Return vs Industry: WIIT exceeded the Italian IT industry which returned 8.8% over the past year.

Return vs Market: WIIT exceeded the Italian Market which returned 11.6% over the past year.


Shareholder returns

WIITIndustryMarket
7 Day0%2.2%0.5%
30 Day-0.3%1.2%0.1%
90 Day6.0%-0.5%1.7%
1 Year54.9%51.9%9.7%8.8%16.5%11.6%
3 Yearn/a86.6%82.4%25.2%8.0%
5 Yearn/a150.1%123.2%21.3%-26.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

31.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WIIT (€60) is trading above our estimate of fair value (€43.73)

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


Price To Earnings Ratio

PE vs Industry: WIIT is good value based on its PE Ratio (31.4x) compared to the IT industry average (31.4x).

PE vs Market: WIIT is poor value based on its PE Ratio (31.4x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: WIIT is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: WIIT is overvalued based on its PB Ratio (6.9x) compared to the IT IT industry average (2.9x).


Next Steps

Future Growth

How is Wiit forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

24.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WIIT's forecast earnings growth (24.4% per year) is above the savings rate (2.9%).

Earnings vs Market: WIIT's earnings (24.4% per year) are forecast to grow faster than the Italian market (8.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WIIT's revenue (18% per year) is forecast to grow faster than the Italian market (3% per year).

High Growth Revenue: WIIT's revenue (18% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WIIT's Return on Equity is forecast to be high in 3 years time (28.7%)


Next Steps

Past Performance

How has Wiit performed over the past 5 years?

45.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WIIT's earnings have grown significantly by 45.6% per year over the past 5 years.

Accelerating Growth: WIIT's earnings growth over the past year (53.1%) exceeds its 5-year average (45.6% per year).

Earnings vs Industry: WIIT earnings growth over the past year (53.1%) exceeded the IT industry 10%.


Return on Equity

High ROE: WIIT's Return on Equity (21.9%) is considered high.


Return on Assets

ROA vs Industry: WIIT has a higher Return on Assets than the IT industry average last year.


Return on Capital Employed

ROCE Improving: WIIT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Wiit's financial position?


Financial Position Analysis

Short Term Liabilities: WIIT's short term assets (€27.5M) exceeds its short term liabilities (€17.1M)

Long Term Liabilities: WIIT's short term assets (27.5M) exceeds its long term liabilities (21.4M)


Debt to Equity History and Analysis

Debt Level: WIIT's debt to equity ratio (87.2%) is considered high

Reducing Debt: Insufficient data to determine if WIIT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: WIIT's debt is well covered by operating cash flow (47%).

Interest Coverage: WIIT's interest payments on its debt are well covered by EBIT (867.2x coverage).


Balance Sheet

Inventory Level: WIIT has a high level of physical assets or inventory.

Debt Coverage by Assets: WIIT's debt is covered by short term assets (assets are 1.401160x debt).


Next Steps

Dividend

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

1.50%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%2.1%markettop25%4.4%industryaverage1.8%forecastin3Years2.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: WIIT's dividend (1.5%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (2.09%).

High Dividend: WIIT's dividend (1.5%) is low compared to the top 25% of dividend payers in the Italian market (4.41%).

Stable Dividend: Whilst dividend payments have been stable, WIIT has been paying a dividend for less than 10 years.

Growing Dividend: WIIT's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.1%), WIIT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WIIT's dividends in 3 years are forecast to be covered by earnings (61.1% payout ratio).


Next Steps

Management

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


CEO

Alessandro Cozzi 0

0yrs

Tenure

0

Mr. Alessandro Cozzi serves as Chief Executive Officer of WIIT S.p.A and served as Chairman of WIIT S.p.A. 


Insider Trading

Insider Buying: WIIT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€2,40030 Sep 19
Amelia Bianchi
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares40
Max Price€60.00
Buy€37,96012 Aug 19
Amelia Bianchi
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares650
Max Price€58.40
Buy€116,00012 Aug 19
Wiit Fin Srl
EntityCompany
Shares2,000
Max Price€58.00
Buy€113,89319 Jul 19
Wiit Fin Srl
EntityCompany
Shares2,000
Max Price€57.00
Buy€422,43601 Jul 19
Wiit Fin Srl
EntityCompany
Shares8,988
Max Price€47.00
Buy€179,45024 Jun 19
Wiit Fin Srl
EntityCompany
Shares3,700
Max Price€48.50
Buy€31,99213 Dec 18
Wiit Fin Srl
EntityCompany
Shares1,000
Max Price€32.00

Ownership Breakdown


Management Team

  • Alessandro Cozzi

    Chief Executive Officer

    • Tenure: 0yrs
  • Riccardo Mazzanti

    Chairman & COO

    • Tenure: 0yrs
  • Enrico Rampin

    Chief Sales & Marketing Officer and Director

    • Tenure: 0yrs
  • Francesco Baroncelli (48yo)

    Chief of Merger & Acquisition and Director

    • Tenure: 0yrs

Board Members

  • Aldo Napoli (63yo)

    Independent Director

    • Tenure: 0yrs
  • Luca Valdameri (51yo)

    President Board of Statutory Auditors

    • Tenure: 0yrs
  • Dario Albarello

    Independent Director

    • Tenure: 0yrs
  • Riccardo Mazzanti

    Chairman & COO

    • Tenure: 0yrs
  • Enrico Rampin

    Chief Sales & Marketing Officer and Director

    • Tenure: 0yrs
  • Amelia Bianchi (51yo)

    Non-Executive Director

    • Tenure: 0yrs
  • Paolo Ripamonti (51yo)

    Member of Statutory Auditors

    • Tenure: 0yrs
  • Francesco Baroncelli (48yo)

    Chief of Merger & Acquisition and Director

    • Tenure: 0yrs
  • Riccardo Sciutto (48yo)

    Independent Director

    • Tenure: 0yrs
  • Annamaria Di Ruscio

    Independent Director

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Wiit S.p.A.
  • Ticker: WIIT
  • Exchange: BIT
  • Founded: 2001
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: €154.987m
  • Shares outstanding: 2.58m
  • Website: https://www.wiitgroup.com

Location

  • Wiit S.p.A.
  • Via Muzio Attendolo detto Sforza n. 7
  • Milan
  • Milan
  • 20141
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WIITBIT (Borsa Italiana)YesOrdinary SharesITEURJun 2017

Biography

Wiit S.p.A. provides cloud services for various businesses in Italy and internationally. It offers hybrid, hosted private, and public cloud services; cloud services for critical applications; business cont ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 21:52
End of Day Share Price2019/10/18 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.