BIT:ITW

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 Analysis

Good 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

Stable Share Price: ITW's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

60.0%

ITW

19.9%

IT Electronic

6.3%

IT Market


1 Year Return

-21.1%

ITW

-10.9%

IT Electronic

-24.1%

IT Market

Return vs Industry: ITW underperformed the Italian Electronic industry which returned -10.9% over the past year.

Return vs Market: ITW exceeded the Italian Market which returned -24.1% over the past year.


Shareholder returns

ITWIndustryMarket
7 Day60.0%19.9%6.3%
30 Day3.7%-14.0%-25.2%
90 Day-5.4%-26.0%-28.7%
1 Year-21.1%-21.1%-8.9%-10.9%-20.8%-24.1%
3 Year-67.2%-67.2%-26.9%-31.8%-13.2%-21.9%
5 Year-73.3%-73.3%22.0%9.4%-23.3%-49.4%

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

Valuation

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

17.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ITW (€0.56) is trading below our estimate of fair value (€0.68)

Significantly Below Fair Value: ITW is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ITW is good value based on its PE Ratio (2.4x) compared to the Electronic industry average (7.4x).

PE vs Market: ITW is good value based on its PE Ratio (2.4x) compared to the Italian market (12.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ITW is good value based on its PB Ratio (0.6x) compared to the IT Electronic industry average (1.1x).


Next Steps

Future Growth

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

14.6%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Itway has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Itway performed over the past 5 years?

13.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ITW has a large one-off gain of €2.8M impacting its June 30 2019 financial results.

Growing Profit Margin: ITW became profitable in the past.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: ITW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (19%).


Return on Equity

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


Next Steps

Financial Health

How is Itway's financial position?


Financial Position Analysis

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

Long Term Liabilities: ITW's short term assets (€20.2M) exceed its long term liabilities (€3.0M).


Debt to Equity History and Analysis

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

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


Balance Sheet

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

Debt Coverage by Assets: ITW's debt is covered by short term assets (assets are 2.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ITW is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: ITW is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: ITW is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

€543k

CEO Compensation


CEO

Giovanni Farina

no data

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 ($USD0.00) is below average for companies of similar size in the Italian market ($USD358.84K).

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


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Itway S.p.A.
  • Ticker: ITW
  • Exchange: BIT
  • Founded: 1996
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: €3.949m
  • 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
0MSLLSE (London Stock Exchange)YesCommon StockGBEURJul 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 assisted services in N+SOC and MSSP solutions to check networks; and ICT for cultural heritage and data curation services. The company was founded in 1996 and is headquartered in Ravenna, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 20:48
End of Day Share Price2020/03/27 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.