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Updated 2h ago
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Infrastrutture Wireless Italiane S.p.A.BIT:INW Stock Report

Market Cap €6.1b
Updated 2h ago
Share Price
n/a
1Y-36.7%
7D5.9%
1D-1.4%
Portfolio Value
​
View

Infrastrutture Wireless Italiane S.p.A.

BIT:INW Stock Report

Market Cap: €6.1b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Infrastrutture Wireless Italiane (INW) Stock Overview

Operates in the electronic communications infrastructure sector in Italy. More details

INW fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends3/6

Rewards

Trading at 25.9% below our estimate of its fair value

Earnings are forecast to grow 4.62% per year

Analysts in good agreement that stock price will rise by 21.4%

Risk Analysis

Dividend of 8.61% is not well covered by earnings or free cash flows

Debt is not well covered by operating cash flow


INW Community Fair Values

Create Narrative

See what 17 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
18.1% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

5G Rollout And Urbanization Will Expand Tower Networks

206
0
7
AN
AnalystHighTarget
32.2% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

Indoor Connectivity And 5G Densification Will Reshape This Wireless Infrastructure Owner’s Long-Term Prospects

18
0
0
AN
AnalystLowTarget
Fairly Valued intrinsic discount
AnalystLowTarget
•25d ago

Tower Densification Delays Will Shape Future Outlook For Italian Wireless Infrastructure

17
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
18.1% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

5G Rollout And Urbanization Will Expand Tower Networks

206
0
7
AN
AnalystHighTarget
32.2% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

Indoor Connectivity And 5G Densification Will Reshape This Wireless Infrastructure Owner’s Long-Term Prospects

18
0
0
AN
AnalystLowTarget
Fairly Valued intrinsic discount
AnalystLowTarget
•25d ago

Tower Densification Delays Will Shape Future Outlook For Italian Wireless Infrastructure

17
0
0
View all narratives

Infrastrutture Wireless Italiane S.p.A. Competitors

Telecom Italia

Symbol: BIT:TIT
Market cap: €16.2b

Rai Way

Symbol: BIT:RWAY
Market cap: €1.2b

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Symbol: BUSE:MTELEKOM
Market cap: Ft2.2t

Sonatel

Symbol: BRVM:SNTS
Market cap: XOF 3.9t

Price History & Performance

Summary of share price highs, lows and changes for Infrastrutture Wireless Italiane
Historical stock prices
Current Share Price€6.44
52 Week High€10.26
52 Week Low€5.98
Beta0.83
1 Month Change2.47%
3 Month Change-4.45%
1 Year Change-36.74%
3 Year Change-44.77%
5 Year Change-33.74%
Change since IPO58.23%

Recent News & Updates

User avatar
Narrative Update • Aug 19

INW: Contract Disputes And Rating Cuts Will Steer Returns Forward

Analysts have trimmed their price targets for Infrastrutture Wireless Italiane, with the central fair value estimate easing from about €7.00 to about €6.50, as recent research highlights contract dispute complexity and broader uncertainty. This is now reflected in lower Street targets near €7.00 to €7.30.
User avatar
Narrative Update • Aug 05

INW: Contract Dispute Resolution Will Support Future Upside Beyond Recent Downgrades

Analysts have lowered their average price target on Infrastrutture Wireless Italiane to about €7.90 from roughly €8.13, citing higher perceived risk around customer contract disputes and updated assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent research updates on Infrastrutture Wireless Italiane point to a more cautious tone, with price targets and ratings reset to reflect higher perceived risk around customer contract disputes and execution on future growth and margins.
Analysis Article • Aug 02

Infrastrutture Wireless Italiane S.p.A. (BIT:INW) Half-Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Last week saw the newest half-year earnings release from Infrastrutture Wireless Italiane S.p.A. ( BIT:INW ), an...
User avatar
Narrative Update • Jul 22

INW: Disputed Contracts Will Set The Stage For A Bullish Repricing

Analysts have trimmed their price targets for Infrastrutture Wireless Italiane, with the fair value estimate moving from about €12.50 to €9.50 as they factor in expectations of lower revenue growth, softer profit margins and increased uncertainty around customer contract disputes. Analyst Commentary Recent research on Infrastrutture Wireless Italiane points to a more cautious stance, with several firms revising ratings and price targets as they reassess contract risks, revenue expectations and margin pressure.
User avatar
Narrative Update • Jul 08

INW: Contract Disputes And Fair Value Reset Will Shape Future Returns

Analysts have trimmed their price targets for Infrastrutture Wireless Italiane from around €10.50 to a range centered near €7.00. This reflects a lower fair value estimate and concerns about customer contract disputes and related uncertainty.

Recent updates

User avatar
Narrative Update • Aug 19

INW: Contract Disputes And Rating Cuts Will Steer Returns Forward

Analysts have trimmed their price targets for Infrastrutture Wireless Italiane, with the central fair value estimate easing from about €7.00 to about €6.50, as recent research highlights contract dispute complexity and broader uncertainty. This is now reflected in lower Street targets near €7.00 to €7.30.
User avatar
Narrative Update • Aug 05

INW: Contract Dispute Resolution Will Support Future Upside Beyond Recent Downgrades

Analysts have lowered their average price target on Infrastrutture Wireless Italiane to about €7.90 from roughly €8.13, citing higher perceived risk around customer contract disputes and updated assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent research updates on Infrastrutture Wireless Italiane point to a more cautious tone, with price targets and ratings reset to reflect higher perceived risk around customer contract disputes and execution on future growth and margins.
Analysis Article • Aug 02

Infrastrutture Wireless Italiane S.p.A. (BIT:INW) Half-Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Last week saw the newest half-year earnings release from Infrastrutture Wireless Italiane S.p.A. ( BIT:INW ), an...
User avatar
Narrative Update • Jul 22

INW: Disputed Contracts Will Set The Stage For A Bullish Repricing

Analysts have trimmed their price targets for Infrastrutture Wireless Italiane, with the fair value estimate moving from about €12.50 to €9.50 as they factor in expectations of lower revenue growth, softer profit margins and increased uncertainty around customer contract disputes. Analyst Commentary Recent research on Infrastrutture Wireless Italiane points to a more cautious stance, with several firms revising ratings and price targets as they reassess contract risks, revenue expectations and margin pressure.
User avatar
Narrative Update • Jul 08

INW: Contract Disputes And Fair Value Reset Will Shape Future Returns

Analysts have trimmed their price targets for Infrastrutture Wireless Italiane from around €10.50 to a range centered near €7.00. This reflects a lower fair value estimate and concerns about customer contract disputes and related uncertainty.
User avatar
Narrative Update • Jun 24

INW: 2026 Dividend And Inflation Indexation Will Support Future Upside

Analysts have trimmed their price target for Infrastrutture Wireless Italiane to €7 from €11. This reflects a slightly lower fair value estimate and modestly softer assumptions for revenue growth, profit margins, future P/E and discount rate as recent research points to ongoing uncertainty around the stock.
User avatar
Narrative Update • Jun 08

INW: 2026 Dividend And Inflation Linkage Will Support Future Upside

Analysts have trimmed their price target for Infrastrutture Wireless Italiane by €0.30 to reflect updated assumptions on discount rates, revenue growth and margins, while keeping future P/E expectations broadly in line. What's in the News Infrastrutture Wireless Italiane S.p.A. announced an annual dividend of €0.5543 per share, with payment scheduled for May 20, 2026, an ex-dividend date of May 18, 2026, and a record date of May 19, 2026 (source: Key Developments).
Analysis Article • May 17

The Infrastrutture Wireless Italiane S.p.A. (BIT:INW) First-Quarter Results Are Out And Analysts Have Published New Forecasts

Last week, you might have seen that Infrastrutture Wireless Italiane S.p.A. ( BIT:INW ) released its first-quarter...
User avatar
Narrative Update • May 14

INW: 2026 Dividend And Inflation Linked Contracts Will Support Future Upside

Analysts have trimmed their price target for Infrastrutture Wireless Italiane slightly to about €8.64 from roughly €8.72, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Announced an annual dividend of €0.5543 per share, with an ex-date on May 18, 2026, a record date on May 19, 2026, and payment scheduled for May 20, 2026 (Key Developments).
User avatar
Narrative Update • Apr 22

INW: 2026 Dividend And Board Meeting Schedule Will Support Future Upside

Analysts have slightly reduced their price target on Infrastrutture Wireless Italiane, with fair value moving from about €8.85 to roughly €8.72. This reflects updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples.
User avatar
Narrative Update • Apr 04

INW: 2026 Board Schedule Will Support Confidence In Future Upside

Analysts have trimmed their price target on Infrastrutture Wireless Italiane from about €9.95 to roughly €8.85, citing updated assumptions for discount rates, revenue growth, profit margins, and a slightly higher future P/E multiple. What's in the News A board meeting is scheduled for March 10, 2026 to approve the draft financial statements for the year ended December 31, 2025 (company filing).
User avatar
Narrative Update • Mar 21

INW: 2026 Board Calendar Will Support Confidence In Future Upside

Analysts have adjusted their price target on Infrastrutture Wireless Italiane to reflect a lower fair value estimate of €9.95, down from €10.37 previously, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Board meeting scheduled on March 10, 2026, to approve the draft financial statements for the year ended December 31, 2025 (company board calendar).
User avatar
Narrative Update • Mar 07

INW: 2026 Board Calendar Will Underpin Confidence In Future Upside

Analysts have slightly reduced their price target for Infrastrutture Wireless Italiane, with fair value moving from about €10.46 to €10.37 as they factor in updated assumptions for the discount rate, revenue growth, profit margins and future P/E levels. What's in the News A board meeting is scheduled for Mar 10, 2026 to approve the draft financial statements for the year ended Dec 31, 2025 (company calendar).
User avatar
Narrative Update • Feb 21

INW: Stable Assumptions And 2026 Board Calendar Will Support Upside Potential

Analysts have kept their fair value estimate for Infrastrutture Wireless Italiane unchanged at €10.46. A slightly lower discount rate and modest adjustments to long-term assumptions for revenue growth, profit margins and future P/E have helped support a stable price target narrative.
User avatar
Narrative Update • Feb 05

INW: 2026 Board Calendar Will Underpin Confidence In Upside Potential

Analysts have kept their price target for Infrastrutture Wireless Italiane broadly steady around €10.46 per share. Small tweaks to assumptions, such as a slightly lower discount rate and modestly adjusted forward P/E, have helped to refine the valuation rather than shift it.
User avatar
New Narrative • Feb 05

Indoor Connectivity And 5G Densification Will Reshape This Wireless Infrastructure Owner’s Long-Term Prospects

Catalysts About Infrastrutture Wireless Italiane Infrastrutture Wireless Italiane (INWIT) owns and operates mobile towers and related wireless infrastructure across Italy, serving mobile network operators and other connectivity clients. What are the underlying business or industry changes driving this perspective?
Analysis Article • Feb 01

Here's Why Infrastrutture Wireless Italiane (BIT:INW) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
User avatar
Narrative Update • Jan 22

INW: Upcoming 2026 Board Milestones Will Support Future Upside Potential

Analysts have reduced their price target for Infrastrutture Wireless Italiane to €10.46 from €10.97, citing slightly lower fair value estimates, a modestly reduced discount rate, and small adjustments to revenue growth, profit margin, and future P/E assumptions. What's in the News Board meeting scheduled for Mar 10, 2026, to approve the draft financial statements for the year ended Dec 31, 2025 (company event calendar).
User avatar
Narrative Update • Jan 08

INW: Stable Cash Metrics And Board Schedule Will Support Future Upside Potential

Analysts have maintained their price target for Infrastrutture Wireless Italiane at €10.97, citing largely unchanged assumptions around revenue growth, profit margin and future P/E, along with a slightly higher discount rate in their models. What's in the News Board meeting scheduled for Mar 10, 2026, to approve the draft financial statements for the year ended Dec 31, 2025 (company filing).
Analysis Article • Jan 07

Infrastrutture Wireless Italiane (BIT:INW) Might Have The Makings Of A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
User avatar
Narrative Update • Dec 25

INW: Slightly Higher Required Return Will Still Support Attractive Upside Potential

Analysts have nudged their price target on Infrastrutture Wireless Italiane slightly higher to approximately €10.97 from about €10.96, citing marginal improvements in projected profit margins and a modestly higher assumed discount rate, despite largely unchanged growth expectations and valuation multiples. Valuation Changes Fair Value Estimate has risen slightly, moving from approximately €10.96 to about €10.97 per share.
User avatar
Narrative Update • Dec 11

INW: Modest Risk Increase Will Still Support Attractive Upside Potential

Analysts have modestly trimmed their price target on Infrastrutture Wireless Italiane by around €0.20 per share, citing slightly higher perceived risk and only marginal adjustments to long term growth and profitability assumptions. Valuation Changes The fair value estimate has edged down slightly from approximately €11.15 to €10.96 per share, reflecting a modestly lower intrinsic valuation.
User avatar
Narrative Update • Nov 26

INW: Rising Profit Margins And Lower Rate Expected To Support Share Upside

Analysts have revised their price target for Infrastrutture Wireless Italiane downward by approximately €0.44 to €11.15. They cited slightly lower projections for revenue growth and fair value, while noting an improved profit margin outlook for the company.
User avatar
Narrative Update • Nov 11

INW: Improved Margins And Lower Rate May Drive Upside Ahead

Analysts have slightly lowered their price target for Infrastrutture Wireless Italiane from €11.80 to €11.59, citing updated assumptions for revenue growth, discount rate, and profit margin projections. Valuation Changes Fair Value: Decreased modestly from €11.80 to €11.59 per share.
Analysis Article • Nov 08

Infrastrutture Wireless Italiane S.p.A.'s (BIT:INW) Business Is Yet to Catch Up With Its Share Price

With a price-to-earnings (or "P/E") ratio of 24.2x Infrastrutture Wireless Italiane S.p.A. ( BIT:INW ) may be sending...
Analysis Article • Oct 10

Is Infrastrutture Wireless Italiane (BIT:INW) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
User avatar
New Narrative • Nov 20

INWIT Positioned To Thrive As Digital Infrastructure Expansion Boosts Growth And Margin Expansion

INWIT's growth strategy includes expanding its tower assets and capitalizing on Italy's growing digital infrastructure needs, which could boost revenue.

Shareholder Returns

INWIT TelecomIT Market
7D5.9%2.8%0.7%
1Y-36.7%13.6%18.2%

Return vs Industry: INW underperformed the Italian Telecom industry which returned 13.6% over the past year.

Return vs Market: INW underperformed the Italian Market which returned 18.2% over the past year.

Price Volatility

Is INW's price volatile compared to industry and market?
INW volatility
INW Average Weekly Movement3.7%
Telecom Industry Average Movement3.6%
Market Average Movement4.1%
10% most volatile stocks in IT Market7.4%
10% least volatile stocks in IT Market2.6%

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

Volatility Over Time: INW's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015345Diego Galliwww.inwit.it

Infrastrutture Wireless Italiane S.p.A. operates in the electronic communications infrastructure sector in Italy. The company builds and manages digital and shared infrastructure elements, that hosts logic, the radio equipment of mobile, fixed wireless access (FWA), and IoT markets. Its infrastructure includes integrated ecosystem of tower infrastructure, such as towers, poles, masts, related technology systems, gateways, IoT sensors, fibre, and land; smart infrastructure comprising distributed antenna systems (DAS) antennas, small cells, and repeaters; and real estate infrastructure, including land and production of renewable energy.

Infrastrutture Wireless Italiane S.p.A. Fundamentals Summary

How do Infrastrutture Wireless Italiane's earnings and revenue compare to its market cap?
INW fundamental statistics
Market cap€6.08b
Earnings (TTM)€337.51m
Revenue (TTM)€1.07b
17.8x
P/E Ratio
5.6x
P/S Ratio

Is INW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
INW income statement (TTM)
Revenue€1.07b
Cost of Revenue€80.34m
Gross Profit€992.65m
Other Expenses€655.14m
Earnings€337.51m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 10, 2026

Earnings per share (EPS)0.36
Gross Margin92.51%
Net Profit Margin31.46%
Debt/Equity Ratio148.2%

How did INW perform over the long term?

See historical performance and comparison

Dividends

8.6%
Current Dividend Yield
149%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 17:39
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Infrastrutture Wireless Italiane S.p.A. is covered by 41 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrea DevitaBanca Akros S.p.A. (ESN)
Fernando Cordero BarreiraBanco Santander
Maurice PatrickBarclays

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