Company Valuation: Telecom Italia Di Risp

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,841 3,416 4,662 3,929 8,202 14,191 - -
Change - -50.06% 36.45% -15.72% 108.77% 73.01% - -
Enterprise Value (EV) 1 29,028 28,780 30,318 14,055 17,980 22,046 21,672 21,207
Change - -0.85% 5.34% -53.64% 27.93% 22.61% -1.7% -2.15%
P/E -1.09x -1.55x -4.2x -8.22x 25.7x 43.3x 22.1x 16.5x
PBR 0.38x 0.31x 0.46x 0.44x 0.89x 1.12x 0.97x 0.95x
PEG - 0x 0.1x 0.1x -0x -1.9x 0.2x 0.5x
Capitalization / Revenue 0.45x 0.22x 0.29x 0.27x 0.6x 0.99x 0.97x 0.94x
EV / Revenue 1.9x 1.82x 1.86x 0.97x 1.31x 1.54x 1.48x 1.41x
EV / EBITDA 5.71x 5.38x 5.31x 2.91x 3.94x 4.75x 4.39x 4.11x
EV / EBIT -8.23x 47.5x 36.3x 9.1x 11.5x 13.5x 11.3x 9.95x
EV / FCF 89.9x -20.4x -798x 10.8x 17.9x 15.1x 18.2x 15x
FCF Yield 1.11% -4.9% -0.13% 9.23% 5.6% 6.61% 5.5% 6.67%
Dividend per Share 2 - - - - - 0.2319 0.2894 0.326
Rate of return - - - - - 3.47% 4.33% 4.88%
EPS 2 -4 -1.4 -0.7 -0.3 0.2 0.1542 0.3024 0.4039
Distribution rate - - - - - 150% 95.7% 80.7%
Net sales 1 15,316 15,788 16,296 14,442 13,734 14,273 14,683 15,037
EBITDA 1 5,080 5,347 5,710 4,825 4,566 4,643 4,934 5,162
EBIT 1 -3,529 606 836 1,545 1,564 1,638 1,918 2,132
Net income 1 -8,652 -2,925 -1,441 -610 297 164 503.9 663.6
Net Debt 1 22,187 25,364 25,656 10,126 9,778 7,855 7,481 7,016
Reference price 2 4.342 2.163 2.942 2.466 5.138 6.678 6.678 6.678
Nbr of stocks (in thousands) 21,20,271 21,24,132 21,25,220 21,25,220 21,26,082 21,24,967 - -
Announcement Date 02/03/22 15/03/23 06/03/24 05/03/25 11/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.08x1.31x4.14x7.01% 22TCr
10.16x2.47x6.52x6.14% 19TCr
12.71x2.09x5.41x4.27% 14TCr
13.45x1.84x8.04x3.12% 8.85TCr
11.81x0.9x3.36x6.54% 8.05TCr
11.7x1.79x4.53x2.8% 6.55TCr
14.8x2.64x8.24x5.16% 5.69TCr
23.03x5.24x19.11x4.74% 5.46TCr
14.93x2.76x6.17x4.35% 5.17TCr
Average 13.74x 2.34x 7.28x 4.9% 10.62TCr
Weighted average by Cap. 12.58x 2.09x 6.34x 5.35%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation Telecom Italia Di Risp