RAI WAY SPA (RWAY.MI) Fundamental Analysis & Valuation

BIT:RWAY • IT0005054967

Current stock price

5.895 EUR
+0 (+0.08%)
Last:

This RWAY.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. RWAY.MI Profitability Analysis

1.1 Basic Checks

  • In the past year RWAY was profitable.
  • RWAY had a positive operating cash flow in the past year.
  • RWAY had positive earnings in each of the past 5 years.
  • Each year in the past 5 years RWAY had a positive operating cash flow.
RWAY.MI Yearly Net Income VS EBIT VS OCF VS FCFRWAY.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M

1.2 Ratios

  • RWAY has a Return On Assets of 19.07%. This is amongst the best in the industry. RWAY outperforms 100.00% of its industry peers.
  • RWAY has a better Return On Equity (46.16%) than 100.00% of its industry peers.
  • The Return On Invested Capital of RWAY (39.87%) is better than 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for RWAY is significantly above the industry average of 7.79%.
  • The last Return On Invested Capital (39.87%) for RWAY is above the 3 year average (31.60%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 19.07%
ROE 46.16%
ROIC 39.87%
ROA(3y)18.99%
ROA(5y)18.09%
ROE(3y)46.28%
ROE(5y)44.01%
ROIC(3y)31.6%
ROIC(5y)30.17%
RWAY.MI Yearly ROA, ROE, ROICRWAY.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • The Profit Margin of RWAY (31.34%) is better than 96.97% of its industry peers.
  • In the last couple of years the Profit Margin of RWAY has grown nicely.
  • With an excellent Operating Margin value of 46.23%, RWAY belongs to the best of the industry, outperforming 96.97% of the companies in the same industry.
  • In the last couple of years the Operating Margin of RWAY has grown nicely.
  • RWAY has a Gross Margin of 99.53%. This is amongst the best in the industry. RWAY outperforms 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of RWAY has remained more or less at the same level.
Industry RankSector Rank
OM 46.23%
PM (TTM) 31.34%
GM 99.53%
OM growth 3Y2.76%
OM growth 5Y3.04%
PM growth 3Y1.43%
PM growth 5Y1.9%
GM growth 3Y0.04%
GM growth 5Y-0.02%
RWAY.MI Yearly Profit, Operating, Gross MarginsRWAY.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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7

2. RWAY.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), RWAY is creating value.
  • RWAY has about the same amout of shares outstanding than it did 1 year ago.
  • RWAY has about the same amout of shares outstanding than it did 5 years ago.
  • RWAY has a worse debt/assets ratio than last year.
RWAY.MI Yearly Shares OutstandingRWAY.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
RWAY.MI Yearly Total Debt VS Total AssetsRWAY.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

2.2 Solvency

  • An Altman-Z score of 5.11 indicates that RWAY is not in any danger for bankruptcy at the moment.
  • RWAY's Altman-Z score of 5.11 is amongst the best of the industry. RWAY outperforms 93.94% of its industry peers.
  • The Debt to FCF ratio of RWAY is 1.55, which is an excellent value as it means it would take RWAY, only 1.55 years of fcf income to pay off all of its debts.
  • RWAY's Debt to FCF ratio of 1.55 is amongst the best of the industry. RWAY outperforms 100.00% of its industry peers.
  • RWAY has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.09, RWAY belongs to the top of the industry, outperforming 93.94% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 1.55
Altman-Z 5.11
ROIC/WACC5.3
WACC7.53%
RWAY.MI Yearly LT Debt VS Equity VS FCFRWAY.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

2.3 Liquidity

  • A Current Ratio of 0.38 indicates that RWAY may have some problems paying its short term obligations.
  • RWAY's Current ratio of 0.38 is on the low side compared to the rest of the industry. RWAY is outperformed by 87.88% of its industry peers.
  • RWAY has a Quick Ratio of 0.38. This is a bad value and indicates that RWAY is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.37, RWAY is not doing good in the industry: 87.88% of the companies in the same industry are doing better.
  • The current and quick ratio evaluation for RWAY is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.38
Quick Ratio 0.37
RWAY.MI Yearly Current Assets VS Current LiabilitesRWAY.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. RWAY.MI Growth Analysis

3.1 Past

  • RWAY shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.43%.
  • The Earnings Per Share has been growing slightly by 6.71% on average over the past years.
  • Looking at the last year, RWAY shows a small growth in Revenue. The Revenue has grown by 2.43% in the last year.
  • The Revenue has been growing slightly by 4.73% on average over the past years.
EPS 1Y (TTM)-1.43%
EPS 3Y6.32%
EPS 5Y6.71%
EPS Q2Q%-7.07%
Revenue 1Y (TTM)2.43%
Revenue growth 3Y4.84%
Revenue growth 5Y4.73%
Sales Q2Q%2.82%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.53% on average over the next years.
  • The Revenue is expected to decrease by -0.18% on average over the next years.
EPS Next Y-1.55%
EPS Next 2Y1.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4%
Revenue Next 2Y4.36%
Revenue Next 3Y1.12%
Revenue Next 5Y-0.18%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
RWAY.MI Yearly Revenue VS EstimatesRWAY.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M
RWAY.MI Yearly EPS VS EstimatesRWAY.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.1 0.2 0.3

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3

4. RWAY.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • RWAY is valuated rather expensively with a Price/Earnings ratio of 17.86.
  • 60.61% of the companies in the same industry are more expensive than RWAY, based on the Price/Earnings ratio.
  • RWAY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.75.
  • RWAY is valuated rather expensively with a Price/Forward Earnings ratio of 17.58.
  • The rest of the industry has a similar Price/Forward Earnings ratio as RWAY.
  • RWAY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.10.
Industry RankSector Rank
PE 17.86
Fwd PE 17.58
RWAY.MI Price Earnings VS Forward Price EarningsRWAY.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 66.67% of the companies in the same industry are cheaper than RWAY, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of RWAY is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 17
EV/EBITDA 9.29
RWAY.MI Per share dataRWAY.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.2 0.4 0.6 0.8 1

4.3 Compensation for Growth

  • RWAY has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.66
EPS Next 2Y1.53%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. RWAY.MI Dividend Analysis

5.1 Amount

  • RWAY has a Yearly Dividend Yield of 5.63%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.01, RWAY pays a bit more dividend than its industry peers.
  • RWAY's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 5.63%

5.2 History

  • The dividend of RWAY is nicely growing with an annual growth rate of 7.34%!
Dividend Growth(5Y)7.34%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 101.21% of the earnings are spent on dividend by RWAY. This is not a sustainable payout ratio.
  • The dividend of RWAY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP101.21%
EPS Next 2Y1.53%
EPS Next 3YN/A
RWAY.MI Yearly Income VS Free CF VS DividendRWAY.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
RWAY.MI Dividend Payout.RWAY.MI Dividend Payout, showing the Payout Ratio.RWAY.MI Dividend Payout.PayoutRetained Earnings

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RWAY.MI Fundamentals: All Metrics, Ratios and Statistics

RAI WAY SPA

BIT:RWAY (3/31/2026, 1:03:04 PM)

5.895

+0 (+0.08%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)03-23
Earnings (Next)05-13
Inst Owners18.19%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.60B
Revenue(TTM)282.80M
Net Income(TTM)88.63M
Analysts86.15
Price Target7.1 (20.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.63%
Yearly Dividend0.33
Dividend Growth(5Y)7.34%
DP101.21%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.39%
PT rev (3m)0.87%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.81%
EPS NY rev (3m)-0.81%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.7%
Valuation
Industry RankSector Rank
PE 17.86
Fwd PE 17.58
P/S 5.67
P/FCF 17
P/OCF 11.01
P/B 8.35
P/tB 10.13
EV/EBITDA 9.29
EPS(TTM)0.33
EY5.6%
EPS(NY)0.34
Fwd EY5.69%
FCF(TTM)0.35
FCFY5.88%
OCF(TTM)0.54
OCFY9.09%
SpS1.04
BVpS0.71
TBVpS0.58
PEG (NY)N/A
PEG (5Y)2.66
Graham Number2.29
Profitability
Industry RankSector Rank
ROA 19.07%
ROE 46.16%
ROCE 55.76%
ROIC 39.87%
ROICexc 41.52%
ROICexgc 48.83%
OM 46.23%
PM (TTM) 31.34%
GM 99.53%
FCFM 33.34%
ROA(3y)18.99%
ROA(5y)18.09%
ROE(3y)46.28%
ROE(5y)44.01%
ROIC(3y)31.6%
ROIC(5y)30.17%
ROICexc(3y)33.57%
ROICexc(5y)32.91%
ROICexgc(3y)37.78%
ROICexgc(5y)36.69%
ROCE(3y)44.18%
ROCE(5y)42.19%
ROICexgc growth 3Y3.32%
ROICexgc growth 5Y10.21%
ROICexc growth 3Y1.52%
ROICexc growth 5Y8.24%
OM growth 3Y2.76%
OM growth 5Y3.04%
PM growth 3Y1.43%
PM growth 5Y1.9%
GM growth 3Y0.04%
GM growth 5Y-0.02%
F-Score5
Asset Turnover0.61
Health
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 1.55
Debt/EBITDA 0.09
Cap/Depr 91.13%
Cap/Sales 18.18%
Interest Coverage 33.53
Cash Conversion 77.85%
Profit Quality 106.4%
Current Ratio 0.38
Quick Ratio 0.37
Altman-Z 5.11
F-Score5
WACC7.53%
ROIC/WACC5.3
Cap/Depr(3y)103.47%
Cap/Depr(5y)127.34%
Cap/Sales(3y)19.14%
Cap/Sales(5y)24.94%
Profit Quality(3y)100.38%
Profit Quality(5y)87.11%
High Growth Momentum
Growth
EPS 1Y (TTM)-1.43%
EPS 3Y6.32%
EPS 5Y6.71%
EPS Q2Q%-7.07%
EPS Next Y-1.55%
EPS Next 2Y1.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.43%
Revenue growth 3Y4.84%
Revenue growth 5Y4.73%
Sales Q2Q%2.82%
Revenue Next Year4%
Revenue Next 2Y4.36%
Revenue Next 3Y1.12%
Revenue Next 5Y-0.18%
EBIT growth 1Y-1.46%
EBIT growth 3Y7.73%
EBIT growth 5Y7.92%
EBIT Next Year45.43%
EBIT Next 3Y12.83%
EBIT Next 5Y5.63%
FCF growth 1Y14.68%
FCF growth 3Y15.38%
FCF growth 5Y11.01%
OCF growth 1Y10.15%
OCF growth 3Y2.08%
OCF growth 5Y4.67%

RAI WAY SPA / RWAY.MI Fundamental Analysis FAQ

What is the fundamental rating for RWAY stock?

ChartMill assigns a fundamental rating of 6 / 10 to RWAY.MI.


What is the valuation status for RWAY stock?

ChartMill assigns a valuation rating of 3 / 10 to RAI WAY SPA (RWAY.MI). This can be considered as Overvalued.


What is the profitability of RWAY stock?

RAI WAY SPA (RWAY.MI) has a profitability rating of 9 / 10.


What is the financial health of RAI WAY SPA (RWAY.MI) stock?

The financial health rating of RAI WAY SPA (RWAY.MI) is 7 / 10.


Can you provide the dividend sustainability for RWAY stock?

The dividend rating of RAI WAY SPA (RWAY.MI) is 6 / 10 and the dividend payout ratio is 101.21%.