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Infrastrutture Wireless Italiane

DB:WI8
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WI8
DB
€6B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Infrastrutture Wireless Italiane S.p.A. operates in telco infrastructure business in Italy. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
WI8 Share Price and Events
7 Day Returns
10.4%
DB:WI8
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
15.2%
DB:WI8
-22.7%
DE Telecom
-14.1%
DE Market
WI8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Infrastrutture Wireless Italiane (WI8) 10.4% -7.7% 5% 15.2% 89.5% -
DE Telecom 3.7% -22.8% -18.2% -22.7% -31.2% -35.3%
DE Market 14.8% -20% -23.5% -14.1% -22.8% -26.7%
1 Year Return vs Industry and Market
  • WI8 outperformed the Telecom industry which returned -22.7% over the past year.
  • WI8 outperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
WI8
Industry
5yr Volatility vs Market

Value

 Is Infrastrutture Wireless Italiane undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Infrastrutture Wireless Italiane to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Infrastrutture Wireless Italiane.

DB:WI8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WI8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.359 (1 + (1- 24%) (14.08%))
0.596
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 8.23%)
6.19%

Discounted Cash Flow Calculation for DB:WI8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Infrastrutture Wireless Italiane is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:WI8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.19%)
2020 194.43 Analyst x3 183.09
2021 217.90 Analyst x4 193.22
2022 242.65 Analyst x2 202.62
2023 313.90 Analyst x1 246.83
2024 350.50 Analyst x1 259.53
2025 374.91 Est @ 6.96% 261.41
2026 392.74 Est @ 4.76% 257.87
2027 405.36 Est @ 3.21% 250.63
2028 414.00 Est @ 2.13% 241.05
2029 419.70 Est @ 1.38% 230.11
Present value of next 10 years cash flows €2,326.00
DB:WI8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €419.70 × (1 + -0.39%) ÷ (6.19% – -0.39%)
€6,349.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €6,349.63 ÷ (1 + 6.19%)10
€3,481.36
DB:WI8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,326.00 + €3,481.36
€5,807.36
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,807.36 / 599.78
€9.68
DB:WI8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WI8 represents 0.97447x of BIT:INW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97447x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 9.68 x 0.97447
€9.44
Value per share (EUR) From above. €9.44
Current discount Discount to share price of €9.16
= -1 x (€9.16 - €9.44) / €9.44
2.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Infrastrutture Wireless Italiane is available for.
Intrinsic value
3%
Share price is €9.16 vs Future cash flow value of €9.44
Current Discount Checks
For Infrastrutture Wireless Italiane to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Infrastrutture Wireless Italiane's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Infrastrutture Wireless Italiane's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Infrastrutture Wireless Italiane's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Infrastrutture Wireless Italiane's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WI8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.23
BIT:INW Share Price ** BIT (2020-03-27) in EUR €9.4
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 17.13x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Infrastrutture Wireless Italiane.

DB:WI8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:INW Share Price ÷ EPS (both in EUR)

= 9.4 ÷ 0.23

40.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infrastrutture Wireless Italiane is overvalued based on earnings compared to the Europe Telecom industry average.
  • Infrastrutture Wireless Italiane is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Infrastrutture Wireless Italiane's expected growth come at a high price?
Raw Data
DB:WI8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
13.8%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.35x
Germany Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:WI8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.52x ÷ 13.8%

2.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infrastrutture Wireless Italiane is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Infrastrutture Wireless Italiane's assets?
Raw Data
DB:WI8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €2.60
BIT:INW Share Price * BIT (2020-03-27) in EUR €9.4
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.43x
DB:WI8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:INW Share Price ÷ Book Value per Share (both in EUR)

= 9.4 ÷ 2.60

3.62x

* Primary Listing of Infrastrutture Wireless Italiane.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infrastrutture Wireless Italiane is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Infrastrutture Wireless Italiane's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Infrastrutture Wireless Italiane has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Infrastrutture Wireless Italiane expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Infrastrutture Wireless Italiane expected to grow at an attractive rate?
  • Infrastrutture Wireless Italiane's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Infrastrutture Wireless Italiane's earnings growth is positive but not above the Germany market average.
  • Infrastrutture Wireless Italiane's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WI8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WI8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 13.8%
DB:WI8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 6.7%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WI8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WI8 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31 567 1
2022-12-31 478 261 206 6
2021-12-31 450 261 197 9
2020-12-31 408 169 156 5
2020-03-27
DB:WI8 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 395 305 139
2019-09-30 387 250 134
2019-06-30 385 227 140
2019-03-31 378 179 137
2018-12-31 378 162 141
2018-09-30 379 163 141
2018-06-30 372 138 138
2018-03-31 366 137 134
2017-12-31 357 114 127
2017-09-30 346 119 116
2017-06-30 342 143 108
2017-03-31 338 104 103

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Infrastrutture Wireless Italiane's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Infrastrutture Wireless Italiane's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WI8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Infrastrutture Wireless Italiane Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WI8 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.34 0.44 0.31 4.00
2021-12-31 0.32 0.45 0.28 6.00
2020-12-31 0.25 0.27 0.23 4.00
2020-03-27
DB:WI8 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.23
2019-09-30 0.22
2019-06-30 0.23
2019-03-31 0.23
2018-12-31 0.23
2018-09-30 0.23
2018-06-30 0.23
2018-03-31 0.22
2017-12-31 0.21
2017-09-30 0.19
2017-06-30 0.18
2017-03-31 0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Infrastrutture Wireless Italiane is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Infrastrutture Wireless Italiane's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Infrastrutture Wireless Italiane has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Infrastrutture Wireless Italiane performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Infrastrutture Wireless Italiane's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Infrastrutture Wireless Italiane's year on year earnings growth rate has been positive over the past 5 years.
  • Infrastrutture Wireless Italiane's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Infrastrutture Wireless Italiane's 1-year earnings growth is negative, it can't be compared to the Europe Telecom industry average.
Earnings and Revenue History
Infrastrutture Wireless Italiane's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Infrastrutture Wireless Italiane Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WI8 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 395.40 139.31
2019-09-30 386.76 133.88 32.32
2019-06-30 385.44 139.83 70.32
2019-03-31 377.85 136.75 100.99
2018-12-31 378.47 140.76 131.51
2018-09-30 378.66 140.66 133.01
2018-06-30 371.67 137.83 134.13
2018-03-31 365.69 134.25 135.16
2017-12-31 356.60 126.74 136.11
2017-09-30 346.50 116.00 137.54
2017-06-30 342.47 108.40 139.00
2017-03-31 338.26 103.29 140.93
2016-12-31 333.51 97.92 142.54
2016-09-30 329.26 93.72 144.64
2016-06-30 325.13 90.22 147.47
2016-03-31 320.89 86.48 149.61
2015-12-31 239.22 62.93 113.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Infrastrutture Wireless Italiane has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Infrastrutture Wireless Italiane used its assets more efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • Infrastrutture Wireless Italiane has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Infrastrutture Wireless Italiane's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Infrastrutture Wireless Italiane has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Infrastrutture Wireless Italiane's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Infrastrutture Wireless Italiane's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Infrastrutture Wireless Italiane's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Infrastrutture Wireless Italiane's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Infrastrutture Wireless Italiane's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Infrastrutture Wireless Italiane Company Filings, last reported 2 months ago.

DB:WI8 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,561.19 794.07 66.57
2019-09-30 1,520.86 180.56 93.73
2019-06-30 1,491.04 180.20 74.53
2019-03-31 1,454.29 170.60 144.86
2018-12-31 1,548.31 170.25 114.16
2018-09-30 1,514.35 150.55 85.64
2018-06-30 1,478.91 130.13 50.35
2018-03-31 1,559.25 100.39 91.39
2017-12-31 1,522.66 100.06 54.36
2017-09-30 1,487.72 120.45 47.74
2017-06-30 1,454.97 120.04 53.36
2017-03-31 1,512.97 120.39 101.64
2016-12-31 1,484.07 120.00 85.60
2016-09-30 1,459.86 120.35 59.39
2016-06-30 1,434.72 119.94 37.63
2016-03-31 1,466.49 120.31 86.84
2015-12-31 1,442.96 119.90 71.83
  • Infrastrutture Wireless Italiane's level of debt (8.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Infrastrutture Wireless Italiane's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (224.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.3x coverage).
X
Financial health checks
We assess Infrastrutture Wireless Italiane's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Infrastrutture Wireless Italiane has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Infrastrutture Wireless Italiane's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.4%
Current annual income from Infrastrutture Wireless Italiane dividends. Estimated to be 2.6% next year.
If you bought €2,000 of Infrastrutture Wireless Italiane shares you are expected to receive €28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Infrastrutture Wireless Italiane's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.66%).
  • Infrastrutture Wireless Italiane's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Infrastrutture Wireless Italiane before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WI8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WI8 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.28 4.00
2021-12-31 0.26 11.00
2020-12-31 0.22 13.00
2020-03-27
DB:WI8 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-05 0.132 1.500
2019-02-19 0.211 2.434
2018-07-23 0.190 2.913
2018-03-20 0.190 2.900
2018-03-05 0.190 3.058
2017-04-28 0.147 2.643
2016-04-21 0.095 2.166

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infrastrutture Wireless Italiane has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Infrastrutture Wireless Italiane only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Infrastrutture Wireless Italiane's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Infrastrutture Wireless Italiane's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Infrastrutture Wireless Italiane afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Infrastrutture Wireless Italiane has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Infrastrutture Wireless Italiane's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Giovanni Ferigo
AGE 60
TENURE AS CEO 1.9 years
CEO Bio

Mr. Giovanni Ferigo has been Chief Executive Officer of Infrastrutture Wireless Italiane (Inwit) S.p.A since April 13, 2018 and serves as its Director. Mr. Ferigo served as a Director of TIM Participações S.A. from March 16, 2018 to January 11, 2019. He served as Head of Technology Department at Telecom Italia S.p.A. since July 28, 2016 until March 5, 2018. Mr. Ferigo graduated with a Master Degree in Electronic Engineering.

CEO Compensation
  • Insufficient data for Giovanni to compare compensation growth.
  • Insufficient data for Giovanni to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Infrastrutture Wireless Italiane management team in years:

1.3
Average Tenure
60
Average Age
  • The average tenure for the Infrastrutture Wireless Italiane management team is less than 2 years, this suggests a new team.
Management Team

Andrea Balzarini

TITLE
Head of Administration
AGE
49
TENURE
1.7 yrs

Giovanni Ferigo

TITLE
CEO & Director
AGE
60
TENURE
1.9 yrs

Elisa Patrizi

TITLE
Head of Technology & Operations
TENURE
1.3 yrs

Michele Vitale

TITLE
Head of Investor Relations

Emanuela Martinelli

TITLE
Head of Finance & Investor Relations

Salvatore Lo Giudice

TITLE
Secretary and Director of Legal
TENURE
1.2 yrs

Gabriel Abbagnara

TITLE
Head of Marketing & Sales
TENURE
1.2 yrs

Gabriella Raffaele

TITLE
Head of Human Resources

Franco Regis

TITLE
Head of Procurement
AGE
62
Board of Directors Tenure

Average tenure and age of the Infrastrutture Wireless Italiane board of directors in years:

2.9
Average Tenure
53
Average Age
  • The average tenure for the Infrastrutture Wireless Italiane board of directors is less than 3 years, this suggests a new board.
Board of Directors

Piergiorgio Peluso

TITLE
Chairman of the Board
COMPENSATION
€28K
AGE
51

Giovanni Ferigo

TITLE
CEO & Director
AGE
60

Filomena Passeggio

TITLE
Independent Director
TENURE
2.9 yrs

Luca Guarna

TITLE
Independent Director
AGE
47
TENURE
2.9 yrs

Stefano Sarubbi

TITLE
Chairman of Statutory Auditors Board

Enrico Bignami

TITLE
Lead Independent Director
AGE
62
TENURE
1.8 yrs

Agostino Nuzzolo

TITLE
Director
AGE
51
TENURE
2.9 yrs

Francesca Balzani

TITLE
Independent Director
AGE
53

Gigliola Bonino

TITLE
Director
AGE
53

Laura Cavatorta

TITLE
Independent Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Infrastrutture Wireless Italiane's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Infrastrutture Wireless Italiane has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Infrastrutture Wireless Italiane S.p.A. operates in telco infrastructure business in Italy. The company constructs and operates towers. It offers integrated hosting services to create wireless networks, antennae framework, cabling, parabolas, spaces for equipment and technological systems for power supply; site access and security management, 24h supervision, scheduled maintenance, and corrective and unscheduled maintenance services; and fiber optic connection of transmission sites. The company also creates indoor and outdoor coverage with micro cells and distributed antenna systems in stations, hospitals, airports, motorways, shopping centers, stadiums, and meeting and entertainment spaces; and designs and constructs new sites. It manages approximately 11,000 sites. The company serves network operators; operators with licenses for radio transmission services in other wireless technologies; broadcasting service operators; and institutions, public entities, armed forces, etc. Infrastrutture Wireless Italiane S.p.A. was founded in 2015 and is based in Milan, Italy. Infrastrutture Wireless Italiane S.p.A. is a subsidiary of Telecom Italia S.p.A.

Details
Name: Infrastrutture Wireless Italiane S.p.A.
WI8
Exchange: DB
Founded: 2015
€5,637,912,090
599,777,882
Website: http://www.inwit.it
Address: Infrastrutture Wireless Italiane S.p.A.
Via Giorgio Vasari, 19,
Milan,
Milan, 20135,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT INW Common Stock Borsa Italiana IT EUR 22. Jun 2015
OTCPK IFSU.F Common Stock Pink Sheets LLC US USD 22. Jun 2015
DB WI8 Common Stock Deutsche Boerse AG DE EUR 22. Jun 2015
LSE 0R8S Common Stock London Stock Exchange GB EUR 22. Jun 2015
BATS-CHIXE INWm Common Stock BATS 'Chi-X Europe' GB EUR 22. Jun 2015
Number of employees
Current staff
Staff numbers
121
Infrastrutture Wireless Italiane employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 23:34
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.