BIT:INW

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Infrastrutture Wireless Italiane

Executive Summary

Infrastrutture Wireless Italiane S.p.A. operates in the telco infrastructure business in Italy. More Details


Snowflake Analysis

Limited growth with questionable track record.

Share Price & News

How has Infrastrutture Wireless Italiane's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INW has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.3%

INW

-5.3%

IT Telecom

-6.0%

IT Market


1 Year Return

-0.8%

INW

-23.3%

IT Telecom

-22.1%

IT Market

Return vs Industry: INW exceeded the Italian Telecom industry which returned -23.3% over the past year.

Return vs Market: INW exceeded the Italian Market which returned -22.1% over the past year.


Shareholder returns

INWIndustryMarket
7 Day-0.3%-5.3%-6.0%
30 Day-3.3%-8.4%-7.7%
90 Day6.6%-4.2%-7.7%
1 Year6.9%-0.8%-19.7%-23.3%-20.0%-22.1%
3 Year77.5%55.9%-13.5%-24.3%-20.1%-27.6%
5 Year140.8%100.8%-18.7%-34.3%-13.9%-33.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Infrastrutture Wireless Italiane undervalued compared to its fair value and its price relative to the market?

44.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INW (€9.16) is trading above our estimate of fair value (€5.22)

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


Price To Earnings Ratio

PE vs Industry: INW is poor value based on its PE Ratio (44.6x) compared to the XE Telecom industry average (18.8x).

PE vs Market: INW is poor value based on its PE Ratio (44.6x) compared to the Italian market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: INW is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: INW's PB Ratio (2x) is in line with the IT Telecom industry average.


Next Steps

Future Growth

How is Infrastrutture Wireless Italiane forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

13.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INW's forecast earnings growth (13.8% per year) is above the savings rate (2%).

Earnings vs Market: INW's earnings (13.8% per year) are forecast to grow slower than the Italian market (24% per year).

High Growth Earnings: INW's earnings are forecast to grow, but not significantly.

Revenue vs Market: INW's revenue (9.6% per year) is forecast to grow faster than the Italian market (3.4% per year).

High Growth Revenue: INW's revenue (9.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INW's Return on Equity is forecast to be low in 3 years time (9.7%).


Next Steps

Past Performance

How has Infrastrutture Wireless Italiane performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INW has high quality earnings.

Growing Profit Margin: INW's current net profit margins (29.1%) are lower than last year (36.3%).


Past Earnings Growth Analysis

Earnings Trend: INW's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: INW's earnings growth over the past year (1.4%) is below its 5-year average (13.1% per year).

Earnings vs Industry: INW earnings growth over the past year (1.4%) underperformed the Telecom industry 7.2%.


Return on Equity

High ROE: INW's Return on Equity (3.2%) is considered low.


Next Steps

Financial Health

How is Infrastrutture Wireless Italiane's financial position?


Financial Position Analysis

Short Term Liabilities: INW's short term assets (€326.6M) do not cover its short term liabilities (€1.6B).

Long Term Liabilities: INW's short term assets (€326.6M) do not cover its long term liabilities (€3.2B).


Debt to Equity History and Analysis

Debt Level: INW's debt to equity ratio (64%) is considered high.

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

Debt Coverage: INW's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: INW's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Infrastrutture Wireless Italiane current dividend yield, its reliability and sustainability?

1.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: INW's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.73%).

High Dividend: INW's dividend (1.44%) is low compared to the top 25% of dividend payers in the Italian market (5.95%).


Stability and Growth of Payments

Stable Dividend: INW has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: INW's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64.3%), INW's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: INW's dividends in 3 years are forecast to be covered by earnings (86.7% payout ratio).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Giovanni Ferigo (61 yo)

2.5yrs

Tenure

Mr. Giovanni Ferigo has been Chief Executive Officer of Infrastrutture Wireless Italiane (Inwit) S.p.A since April 13, 2018, General Manager since March 31, 2020 and serves as its Director. Mr. Ferigo serv ...


Leadership Team

NamePositionTenureCompensationOwnership
Giovanni Ferigo
CEO, GM & Director2.5yrsno datano data
Diego Galli
CFO, Head of Administration0.58yrno datano data
Elisa Patrizi
Head of Operations & Maintenance1.92yrsno datano data
Massimo Scapini
Head of Technology Governance & MSA0.50yrno datano data
Michele Vitale
Head of Investor Relationsno datano datano data
Emanuela Martinelli
Head of Finance & Investor Relationsno datano datano data
Salvatore Lo Giudice
Secretary and Director of Legal1.75yrsno datano data
Gabriele Abbagnara
Head of Marketing & Sales1.58yrsno datano data
Gabriella Raffaele
Head of Human Resourcesno datano datano data
Francesca Stacchiotti
Head of Human Resources0.83yrno datano data
Franco Regis
Head of Procurementno datano datano data
Laura Trucco
Head of Auditing2.75yrsno datano data

1.7yrs

Average Tenure

56yo

Average Age

Experienced Management: INW's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Giovanni Ferigo
CEO, GM & Director2.5yrsno datano data
Emanuele Tournon
Chairman0.58yrno datano data
Francesco Valsecchi
Independent Director0.58yrno datano data
Rosario Mazza
Director0.75yrno datano data
Stefano Sarubbi
Chairman of Statutory Auditors Boardno datano datano data
Agostino Nuzzolo
Director3.5yrsno datano data
Secondina Ravera
Independent Directorno datano datano data
Sonia Hernandez
Director0.75yrno datano data
Laura Cavatorta
Independent Directorno datano datano data
Sabrina Di Bartolomeo
Director0.75yrno datano data
Antonio Corda
Director0.75yrno datano data
Angela Cossellu
Director0.42yrno datano data

0.8yrs

Average Tenure

54yo

Average Age

Experienced Board: INW's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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 been substantially diluted in the past year, with total shares outstanding growing by 60.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Infrastrutture Wireless Italiane S.p.A.
  • Ticker: INW
  • Exchange: BIT
  • Founded: 2015
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: €8.767b
  • Shares outstanding: 960.20m
  • Website: https://www.inwit.it

Number of Employees


Location

  • Infrastrutture Wireless Italiane S.p.A.
  • Via Giorgio Vasari, 19
  • Milan
  • Milan
  • 20135
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INWBIT (Borsa Italiana)YesCommon StockITEURJun 2015
INWmBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJun 2015
WI8DB (Deutsche Boerse AG)YesCommon StockDEEURJun 2015
0R8SLSE (London Stock Exchange)YesCommon StockGBEURJun 2015
IFSU.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2015

Biography

Infrastrutture Wireless Italiane S.p.A. operates in the telco infrastructure business in Italy. The company constructs and operates towers. It offers integrated hosting services to create wireless networks ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 22:00
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.