BIT:TYA

Stock Analysis Report

Executive Summary

Toscana Aeroporti S.p.A. operates and manages Florence and Pisa airports in Italy.


Snowflake Analysis

Second-rate dividend payer with questionable track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

10.5%

TYA

-1.9%

IT Infrastructure

6.3%

IT Market


1 Year Return

-24.7%

TYA

-39.8%

IT Infrastructure

-24.1%

IT Market

Return vs Industry: TYA exceeded the Italian Infrastructure industry which returned -39.8% over the past year.

Return vs Market: TYA matched the Italian Market which returned -24.1% over the past year.


Shareholder returns

TYAIndustryMarket
7 Day10.5%-1.9%6.3%
30 Day-13.8%-32.7%-22.7%
90 Day-33.3%-37.8%-28.1%
1 Year-21.5%-24.7%-37.5%-39.8%-20.9%-24.1%
3 Year-15.1%-23.8%-29.7%-36.5%-13.2%-21.9%
5 Year-9.0%-22.7%-24.1%-36.7%-23.3%-49.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

15.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TYA (€11.6) is trading above our estimate of fair value (€5.47)

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


Price To Earnings Ratio

PE vs Industry: TYA is poor value based on its PE Ratio (15.3x) compared to the Infrastructure industry average (11.4x).

PE vs Market: TYA is poor value based on its PE Ratio (15.3x) compared to the Italian market (12.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TYA is overvalued based on its PB Ratio (1.8x) compared to the IT Infrastructure industry average (0.8x).


Next Steps

Future Growth

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

4.7%

Forecasted Transportation 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 Toscana Aeroporti 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 Toscana Aeroporti performed over the past 5 years?

17.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TYA has high quality earnings.

Growing Profit Margin: TYA's current net profit margins (11%) are lower than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: TYA's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: TYA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TYA had negative earnings growth (-3.1%) over the past year, making it difficult to compare to the Infrastructure industry average (-8.9%).


Return on Equity

High ROE: TYA's Return on Equity (12%) is considered low.


Next Steps

Financial Health

How is Toscana Aeroporti's financial position?


Financial Position Analysis

Short Term Liabilities: TYA's short term assets (€49.2M) do not cover its short term liabilities (€94.2M).

Long Term Liabilities: TYA's short term assets (€49.2M) do not cover its long term liabilities (€54.0M).


Debt to Equity History and Analysis

Debt Level: TYA's debt to equity ratio (40.4%) is considered high.

Reducing Debt: TYA's debt to equity ratio has increased from 40.1% to 40.4% over the past 5 years.

Debt Coverage: TYA's debt is well covered by operating cash flow (61.2%).

Interest Coverage: TYA's interest payments on its debt are well covered by EBIT (13.5x coverage).


Balance Sheet

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

Debt Coverage by Assets: TYA's debt is covered by short term assets (assets are 1x debt).


Next Steps

Dividend

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

4.32%

Current Dividend Yield


Upcoming Dividend Payment

TodayMar 30 2020Ex Dividend DateMay 11 2020Dividend Pay DateMay 13 20202 days from Ex DividendBuy in the next 42 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: TYA's dividend (4.32%) is higher than the bottom 25% of dividend payers in the Italian market (2.51%).

High Dividend: TYA's dividend (4.32%) is low compared to the top 25% of dividend payers in the Italian market (5.89%).


Stability and Growth of Payments

Stable Dividend: TYA's dividend payments have been volatile in the past 10 years.

Growing Dividend: TYA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.9%), TYA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

€53k

CEO Compensation


CEO

Gina Giani

11.17s

Tenure

€53,325

Compensation

Ms. Gina Giani serves as the Chief Executive Officer and General Manager at Toscana Aeroporti S.p.A. ( also known as Società Aeroporto Toscano (S.A.T.) Galileo Galilei Società per Azioni) and served as its ...


CEO Compensation Analysis

Compensation vs Market: Gina's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD537.65K).

Compensation vs Earnings: Gina'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

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


Key Information

  • Name: Toscana Aeroporti S.p.A.
  • Ticker: TYA
  • Exchange: BIT
  • Founded: 1978
  • Industry: Airport Services
  • Sector: Transportation
  • Market Cap: €215.899m
  • Shares outstanding: 18.61m
  • Website: https://www.toscana-aeroporti.com

Number of Employees


Location

  • Toscana Aeroporti S.p.A.
  • Via del Termine, 11
  • Florence
  • Florence
  • 50127
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TYABIT (Borsa Italiana)YesCommon SharesITEURJul 2007
0OMSLSE (London Stock Exchange)YesCommon SharesGBEURJul 2007
TYAMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJul 2007

Biography

Toscana Aeroporti S.p.A. operates and manages Florence and Pisa airports in Italy. It manages handling activities; and provides warehousing, freight forwarding, and air courier services. The company also offers restaurants, catering, and food services; and parking services. In addition, it engages in advertising and real estate activities. The company was formerly known as Società Aeroporto Toscano (S.A.T.) Galileo Galilei S.p.A. and changed its name to Toscana Aeroporti S.p.A. in June 2015. The company was founded in 1978 and is headquartered in Florence, Italy. Toscana Aeroporti S.p.A. is a subsidiary of Corporacion America Italia S.p.A. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 21:43
End of Day Share Price2020/03/27 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.