Executive Summary
Tiscali Spa provides alternative telecommunications and multimedia services to customers, individuals, and companies in Italy.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
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
| TIS | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.8% | -1.0% |
| 30 Day | -2.7% | -1.6% | -0.9% |
| 90 Day | 5.8% | -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
1 year ago | Simply Wall St
The Tiscali (BIT:TIS) Share Price Is Down 79% So Some Shareholders Are Rather Upset1 year ago | Simply Wall St
What Should We Expect From Tiscali SpA's (BIT:TIS) Earnings Over The Next Few Years?1 year ago | Simply Wall St
Who Are The Top Investors In Tiscali SpA (BIT:TIS)?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.25yrs | €366.02k | 7.25% € 3.8m | |
| Group Finance Manager & Legal Officer | no data | no data | no data | |
| Head of Administration and Management Control | no data | no data | no data | |
| Head of Marketing | 9.58yrs | no data | no data | |
| Head of Human Resources & Organisation | 4.58yrs | no data | no data | |
| Chief Internal Auditor & Member of the Supervisory Body | 2.17yrs | no data | no data | |
| Head of Customer Activation & Management | no data | no data | no data | |
| Manager of the Corporate Financial Documents & CEO of Veesible S.R.L. | 4.5yrs | no data | no data | |
| Company Secretary | 1.17yrs | no data | no data |
3.3yrs
Average Tenure
Experienced Management: TIS's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.25yrs | €366.02k | 7.25% € 3.8m | |
| Chairman | 1.17yrs | no data | no data | |
| Non-Executive Independent Director | 4.5yrs | €56.92k | no data | |
| President of Statutory Auditors | no data | no data | no data | |
| Independent Director | 1.17yrs | no data | no data | |
| Statutory Auditor | 4.5yrs | no data | no data | |
| Statutory Auditor | 4.5yrs | no data | no data | |
| Non-Executive Director | 1.17yrs | no data | no data | |
| Independent Director | 1.17yrs | no data | no data | |
| Non-Executive Director | 1.17yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TIS | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Oct 1999 |
| TIQ1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 1999 |
| 0LLP | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Oct 1999 |
| TISM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Oct 1999 |
| TISN | ENXTBR (Euronext Brussels) | Yes | Ordinary Shares | BE | EUR | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/05 21:42 |
| End of Day Share Price | 2020/08/05 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.