BIT:TIS

Stock Analysis Report

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Executive Summary

Tiscali Spa provides alternative telecommunications and multimedia services to customers, individuals, and companies in Italy.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

TIS

-0.8%

IT Telecom

-1.0%

IT Market


1 Year Return

-14.7%

TIS

-14.7%

IT Telecom

-7.8%

IT Market

Return vs Industry: TIS matched the Italian Telecom industry which returned -14.7% over the past year.

Return vs Market: TIS underperformed the Italian Market which returned -7.8% over the past year.


Shareholder returns

TISIndustryMarket
7 Day0%-0.8%-1.0%
30 Day-2.7%-1.6%-0.9%
90 Day5.8%-1.1%12.5%
1 Year-14.7%-14.7%-10.5%-14.7%-5.4%-7.8%
3 Year-72.4%-72.4%-11.7%-22.9%-7.0%-15.4%
5 Year-81.0%-81.0%-17.9%-33.7%-8.4%-37.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TIS (€0.01) is trading below our estimate of fair value (€0.12)

Significantly Below Fair Value: TIS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TIS is unprofitable, so we can't compare its PE Ratio to the XE Telecom industry average.

PE vs Market: TIS is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TIS has negative assets, so we can't compare its PB Ratio to the IT Telecom industry average.


Next Steps

Future Growth

How is Tiscali forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

16.5%

Forecasted Telecom industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TIS's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if TIS's earnings are forecast to grow faster than the Italian market

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

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

High Growth Revenue: Insufficient data to determine if TIS'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 TIS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tiscali performed over the past 5 years?

-15.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIS is currently unprofitable.

Growing Profit Margin: TIS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TIS is unprofitable, and losses have increased over the past 5 years at a rate of 15.6% per year.

Accelerating Growth: Unable to compare TIS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TIS is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (19.6%).


Return on Equity

High ROE: TIS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Tiscali's financial position?


Financial Position Analysis

Short Term Liabilities: TIS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TIS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TIS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TIS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: Whilst unprofitable TIS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TIS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 43.4% per year.


Next Steps

Dividend

What is Tiscali current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TIS'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?

3.3yrs

Average management tenure


CEO

Renato Soru (63 yo)

1.25yrs

Tenure

€366,017

Compensation

Dr. Renato Soru serves as Chief Executive Officer & President of Tiscali S.P.A since May 13, 2019 and has been its Director since March 19, 2009 and served as Chairman at Tiscali, S.p.A since 2019 until 20 ...


CEO Compensation Analysis

Compensation vs Market: Renato's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD455.32K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Renato Soru
CEO, President & Director1.25yrs€366.02k7.25%
€ 3.8m
Dario Amata
Group Finance Manager & Legal Officerno datano datano data
Roberto Lai
Head of Administration and Management Controlno datano datano data
Cristiana Mura
Head of Marketing9.58yrsno datano data
Paolo Faieta
Head of Human Resources & Organisation4.58yrsno datano data
Francesca Marino
Chief Internal Auditor & Member of the Supervisory Body2.17yrsno datano data
Anna Barbato
Head of Customer Activation & Managementno datano datano data
Pasquale Lionetti
Manager of the Corporate Financial Documents & CEO of Veesible S.R.L.4.5yrsno datano data
Federica Capoccia
Company Secretary1.17yrsno datano data

3.3yrs

Average Tenure

Experienced Management: TIS's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Renato Soru
CEO, President & Director1.25yrs€366.02k7.25%
€ 3.8m
Alberto Trondoli
Chairman1.17yrsno datano data
Anna Belova
Non-Executive Independent Director4.5yrs€56.92kno data
Barbara Tadolini
President of Statutory Auditorsno datano datano data
Patrizia Rutigliano
Independent Director1.17yrsno datano data
Emilio Abruzzese
Statutory Auditor4.5yrsno datano data
Valeria Calabi
Statutory Auditor4.5yrsno datano data
Manilo Morocco
Non-Executive Director1.17yrsno datano data
Federica Celoria
Independent Director1.17yrsno datano data
Sara Polatti
Non-Executive Director1.17yrsno datano data

1.2yrs

Average Tenure

59.5yo

Average Age

Experienced Board: TIS's board of directors are not considered experienced ( 1.2 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.


Top Shareholders

Company Information

Tiscali Spa's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tiscali Spa
  • Ticker: TIS
  • Exchange: BIT
  • Founded: 1998
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Market Cap: €53.000m
  • Shares outstanding: 4.95b
  • Website: https://www.tiscali.com

Number of Employees


Location

  • Tiscali Spa
  • loc. Sa Illetta
  • SS 195, Km 2,300
  • Cagliari
  • Cagliari
  • 9123
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TISBIT (Borsa Italiana)YesOrdinary SharesITEUROct 1999
TIQ1DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 1999
0LLPLSE (London Stock Exchange)YesOrdinary SharesGBEUROct 1999
TISMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 1999
TISNENXTBR (Euronext Brussels)YesOrdinary SharesBEEUROct 1999

Biography

Tiscali Spa provides alternative telecommunications and multimedia services to customers, individuals, and companies in Italy. It offers broadband, mobile telephony services, and value-added services, as w ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 21:42
End of Day Share Price2020/08/05 00:00
Earnings2019/12/31
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.