Financials Telecom Italia S.p.A. Borsa Italiana

Equities

TITR

IT0003497176

Integrated Telecommunications Services

Real-time Borsa Italiana 06:50:17 2024-07-11 am EDT 5-day change 1st Jan Change
0.2588 EUR +0.43% Intraday chart for Telecom Italia S.p.A. +1.02% -14.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,658 8,279 9,107 4,546 6,305 5,166 - -
Enterprise Value (EV) 1 41,523 31,605 31,294 29,910 31,961 31,315 31,467 31,564
P/E ratio 13.9 x 1.14 x -1.09 x -1.55 x -4.2 x -9.71 x -15.7 x -21.7 x
Yield 1.8% 2.65% - - - 0.94% 1.58% 1.69%
Capitalization / Revenue 0.65 x 0.52 x 0.59 x 0.29 x 0.39 x 0.32 x 0.31 x 0.31 x
EV / Revenue 2.31 x 2 x 2.04 x 1.89 x 1.96 x 1.91 x 1.9 x 1.88 x
EV / EBITDA 5.09 x 4.69 x 6.16 x 5.59 x 5.6 x 5.39 x 5.1 x 4.97 x
EV / FCF 18 x 10.3 x 96.9 x -21.2 x -841 x -69.9 x 249 x 95.5 x
FCF Yield 5.54% 9.73% 1.03% -4.71% -0.12% -1.43% 0.4% 1.05%
Price to Book 0.58 x 0.3 x 0.38 x 0.31 x 0.46 x 0.39 x 0.39 x 0.28 x
Nbr of stocks (in thousands) 21,067,160 21,195,996 21,202,712 21,241,316 21,252,196 21,252,196 - -
Reference price 2 0.5564 0.3774 0.4342 0.2163 0.2942 0.2373 0.2373 0.2373
Announcement Date 3/10/20 2/24/21 3/2/22 3/15/23 3/6/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,974 15,805 15,316 15,788 16,296 16,374 16,572 16,792
EBITDA 1 8,151 6,739 5,080 5,347 5,710 5,811 6,174 6,348
EBIT 1 3,175 2,104 -3,529 606 836 1,634 1,913 2,164
Operating Margin 17.66% 13.31% -23.04% 3.84% 5.13% 9.98% 11.54% 12.88%
Earnings before Tax (EBT) 1 1,739 1,397 -4,515 -588 -880 184 633.9 570.1
Net income 1 916 7,224 -8,652 -2,925 -1,441 -536.2 -386.7 -254.3
Net margin 5.1% 45.71% -56.49% -18.53% -8.84% -3.27% -2.33% -1.51%
EPS 2 0.0400 0.3300 -0.4000 -0.1400 -0.0700 -0.0244 -0.0151 -0.0109
Free Cash Flow 1 2,301 3,074 323 -1,410 -38 -448 126.6 330.4
FCF margin 12.8% 19.45% 2.11% -8.93% -0.23% -2.74% 0.76% 1.97%
FCF Conversion (EBITDA) 28.23% 45.62% 6.36% - - - 2.05% 5.2%
FCF Conversion (Net income) 251.2% 42.55% - - - - - -
Dividend per Share 2 0.0100 0.0100 - - - 0.002220 0.003750 0.004000
Announcement Date 3/10/20 2/24/21 3/2/22 3/15/23 3/6/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 7,759 7,567 3,976 3,644 3,913 7,557 3,972 4,259 3,847 3,999 7,846 4,107 4,343 3,930 4,075 4,107 4,321
EBITDA 3,398 2,770 731 1,316 1,342 - 1,287 1,402 1,039 1,641 2,680 1,547 - - - - -
EBIT - 501 -4,469 209 - - 41 - - - - - - - - - -
Operating Margin - 6.62% -112.4% 5.74% - - 1.03% - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - -
Net income 678 -137 -8,642 -204 -279 -483 -2,245 - -689 -124 -813 -311 - - - - -
Net margin 8.74% -1.81% -217.35% -5.6% -7.13% -6.39% -56.52% - -17.91% -3.1% -10.36% -7.57% - - - - -
EPS 2 - - - - - - - - - - - - - - - - -0.0100
Dividend per Share - - - - - - - - - - - - - - - - -
Announcement Date 8/4/20 7/27/21 3/2/22 5/4/22 8/3/22 8/3/22 11/10/22 3/15/23 5/10/23 8/2/23 8/2/23 11/8/23 3/6/24 5/29/24 - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 29,865 23,326 22,187 25,364 25,656 26,149 26,301 26,397
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.664 x 3.461 x 4.368 x 4.744 x 4.493 x 4.5 x 4.26 x 4.158 x
Free Cash Flow 1 2,301 3,074 323 -1,410 -38 -448 127 330
ROE (net income / shareholders' equity) 5.34% 31.1% -39.7% -3.01% -5.37% -1.99% -1.04% -0.13%
ROA (Net income/ Total Assets) 1.57% 10.1% -12.1% -4.46% -2.32% -1.2% -1% -0.5%
Assets 1 58,530 71,669 71,210 65,606 62,093 44,680 38,667 50,854
Book Value Per Share 2 0.9600 1.240 1.140 0.7100 0.6400 0.6000 0.6100 0.8400
Cash Flow per Share 2 0.2800 0.3100 0.2000 0.2300 0.1900 0.2200 0.2200 0.3100
Capex 1 3,649 3,409 4,630 3,979 3,982 3,922 3,863 3,735
Capex / Sales 20.3% 21.57% 30.23% 25.2% 24.44% 23.96% 23.31% 22.24%
Announcement Date 3/10/20 2/24/21 3/2/22 3/15/23 3/6/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
0.2373 EUR
Average target price
0.3286 EUR
Spread / Average Target
+38.46%
Consensus
  1. Stock Market
  2. Equities
  3. TIT Stock
  4. TITR Stock
  5. Financials Telecom Italia S.p.A.