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Telecom Italia SpA/Milano (TITR.MI) Stock Fundamental Analysis

BIT:TITR - Euronext Milan - IT0003497176

0.436  -0.01 (-2.9%)

Fundamental Rating

2

Overall TITR gets a fundamental rating of 2 out of 10. We evaluated TITR against 31 industry peers in the Diversified Telecommunication Services industry. TITR has a bad profitability rating. Also its financial health evaluation is rather negative. TITR has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

TITR had negative earnings in the past year.
In the past year TITR had a positive cash flow from operations.
In the past 5 years TITR reported 4 times negative net income.
TITR had a positive operating cash flow in each of the past 5 years.
TITR.MI Yearly Net Income VS EBIT VS OCF VS FCFTITR.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B

1.2 Ratios

The Return On Assets of TITR (-2.32%) is worse than 77.42% of its industry peers.
TITR's Return On Equity of -7.30% is on the low side compared to the rest of the industry. TITR is outperformed by 70.97% of its industry peers.
The Return On Invested Capital of TITR (6.92%) is better than 64.52% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TITR is below the industry average of 7.13%.
The 3 year average ROIC (3.21%) for TITR is below the current ROIC(6.92%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -2.32%
ROE -7.3%
ROIC 6.92%
ROA(3y)-2.88%
ROA(5y)-2.26%
ROE(3y)-11.69%
ROE(5y)-11.44%
ROIC(3y)3.21%
ROIC(5y)2.76%
TITR.MI Yearly ROA, ROE, ROICTITR.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

TITR has a Operating Margin (11.00%) which is in line with its industry peers.
TITR's Operating Margin has declined in the last couple of years.
TITR has a Gross Margin of 48.24%. This is in the lower half of the industry: TITR underperforms 64.52% of its industry peers.
In the last couple of years the Gross Margin of TITR has declined.
Industry RankSector Rank
OM 11%
PM (TTM) N/A
GM 48.24%
OM growth 3Y21.56%
OM growth 5Y-9.27%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.54%
GM growth 5Y-8.67%
TITR.MI Yearly Profit, Operating, Gross MarginsTITR.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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2

2. Health

2.1 Basic Checks

TITR has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
TITR has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for TITR has been increased compared to 5 years ago.
TITR has a better debt/assets ratio than last year.
TITR.MI Yearly Shares OutstandingTITR.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B
TITR.MI Yearly Total Debt VS Total AssetsTITR.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

Based on the Altman-Z score of 1.05, we must say that TITR is in the distress zone and has some risk of bankruptcy.
TITR has a Altman-Z score (1.05) which is in line with its industry peers.
TITR has a debt to FCF ratio of 288.25. This is a negative value and a sign of low solvency as TITR would need 288.25 years to pay back of all of its debts.
TITR's Debt to FCF ratio of 288.25 is on the low side compared to the rest of the industry. TITR is outperformed by 77.42% of its industry peers.
TITR has a Debt/Equity ratio of 0.92. This is a neutral value indicating TITR is somewhat dependend on debt financing.
TITR's Debt to Equity ratio of 0.92 is fine compared to the rest of the industry. TITR outperforms 61.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 288.25
Altman-Z 1.05
ROIC/WACC1
WACC6.91%
TITR.MI Yearly LT Debt VS Equity VS FCFTITR.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B

2.3 Liquidity

TITR has a Current Ratio of 0.80. This is a bad value and indicates that TITR is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.80, TITR perfoms like the industry average, outperforming 51.61% of the companies in the same industry.
A Quick Ratio of 0.77 indicates that TITR may have some problems paying its short term obligations.
TITR's Quick ratio of 0.77 is in line compared to the rest of the industry. TITR outperforms 51.61% of its industry peers.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.77
TITR.MI Yearly Current Assets VS Current LiabilitesTITR.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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2

3. Growth

3.1 Past

TITR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 48.74%, which is quite impressive.
TITR shows a decrease in Revenue. In the last year, the revenue decreased by -9.52%.
TITR shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.45% yearly.
EPS 1Y (TTM)48.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%75%
Revenue 1Y (TTM)-9.52%
Revenue growth 3Y-3.26%
Revenue growth 5Y-5.45%
Sales Q2Q%-12.23%

3.2 Future

Based on estimates for the next years, TITR will show a very strong growth in Earnings Per Share. The EPS will grow by 21.28% on average per year.
TITR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.55% yearly.
EPS Next Y58.62%
EPS Next 2Y40.53%
EPS Next 3Y29.31%
EPS Next 5Y21.28%
Revenue Next Year-6.59%
Revenue Next 2Y-7.57%
Revenue Next 3Y-3.24%
Revenue Next 5Y-1.55%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
TITR.MI Yearly Revenue VS EstimatesTITR.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5B 10B 15B 20B
TITR.MI Yearly EPS VS EstimatesTITR.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 0.02 -0.02 0.04 0.06

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1

4. Valuation

4.1 Price/Earnings Ratio

TITR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for TITR. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
TITR.MI Price Earnings VS Forward Price EarningsTITR.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -100 -200 -300 -400

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TITR indicates a rather cheap valuation: TITR is cheaper than 96.77% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, TITR is valued a bit more expensive than the industry average as 77.42% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 175.69
EV/EBITDA 3.33
TITR.MI Per share dataTITR.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4 0.6 0.8 1

4.3 Compensation for Growth

TITR's earnings are expected to grow with 29.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.53%
EPS Next 3Y29.31%

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0

5. Dividend

5.1 Amount

TITR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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Telecom Italia SpA/Milano

BIT:TITR (6/19/2025, 5:29:47 PM)

0.436

-0.01 (-2.9%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)05-07 2025-05-07
Earnings (Next)08-05 2025-08-05
Inst Owners16.62%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap9.31B
Analysts82.11
Price Target0.44 (0.92%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.01
Dividend Growth(5Y)-10.69%
DP-18.21%
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)0
Avg Revenue beat(2)-2.34%
Min Revenue beat(2)-2.51%
Max Revenue beat(2)-2.17%
Revenue beat(4)2
Avg Revenue beat(4)17.88%
Min Revenue beat(4)-2.51%
Max Revenue beat(4)74.3%
Revenue beat(8)2
Avg Revenue beat(8)5.21%
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)2.92%
PT rev (3m)9.75%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-225%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.95%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.42
P/FCF 175.69
P/OCF 4.64
P/B 0.78
P/tB N/A
EV/EBITDA 3.33
EPS(TTM)-0.04
EYN/A
EPS(NY)0
Fwd EYN/A
FCF(TTM)0
FCFY0.57%
OCF(TTM)0.09
OCFY21.55%
SpS1.03
BVpS0.56
TBVpS-0.24
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.32%
ROE -7.3%
ROCE 9.23%
ROIC 6.92%
ROICexc 8.39%
ROICexgc 39.91%
OM 11%
PM (TTM) N/A
GM 48.24%
FCFM 0.24%
ROA(3y)-2.88%
ROA(5y)-2.26%
ROE(3y)-11.69%
ROE(5y)-11.44%
ROIC(3y)3.21%
ROIC(5y)2.76%
ROICexc(3y)3.77%
ROICexc(5y)3.22%
ROICexgc(3y)14.46%
ROICexgc(5y)10.83%
ROCE(3y)4.28%
ROCE(5y)3.69%
ROICexcg growth 3Y88.07%
ROICexcg growth 5Y21.28%
ROICexc growth 3Y50.62%
ROICexc growth 5Y4.66%
OM growth 3Y21.56%
OM growth 5Y-9.27%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.54%
GM growth 5Y-8.67%
F-Score6
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 288.25
Debt/EBITDA 1.95
Cap/Depr 61.27%
Cap/Sales 8.91%
Interest Coverage 1.31
Cash Conversion 35.82%
Profit Quality N/A
Current Ratio 0.8
Quick Ratio 0.77
Altman-Z 1.05
F-Score6
WACC6.91%
ROIC/WACC1
Cap/Depr(3y)86.41%
Cap/Depr(5y)95.79%
Cap/Sales(3y)22.88%
Cap/Sales(5y)26.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)48.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%75%
EPS Next Y58.62%
EPS Next 2Y40.53%
EPS Next 3Y29.31%
EPS Next 5Y21.28%
Revenue 1Y (TTM)-9.52%
Revenue growth 3Y-3.26%
Revenue growth 5Y-5.45%
Sales Q2Q%-12.23%
Revenue Next Year-6.59%
Revenue Next 2Y-7.57%
Revenue Next 3Y-3.24%
Revenue Next 5Y-1.55%
EBIT growth 1Y9.13%
EBIT growth 3Y19.21%
EBIT growth 5Y-13.15%
EBIT Next Year207.41%
EBIT Next 3Y50.3%
EBIT Next 5Y23.78%
FCF growth 1Y-76.96%
FCF growth 3YN/A
FCF growth 5Y-44.71%
OCF growth 1Y-16.44%
OCF growth 3Y-22.65%
OCF growth 5Y-19.54%