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

BIT:TITR - Euronext Milan - IT0003497176

0.495  +0 (+0.81%)

Fundamental Rating

2

Overall TITR gets a fundamental rating of 2 out of 10. We evaluated TITR against 30 industry peers in the Diversified Telecommunication Services industry. TITR has a bad profitability rating. Also its financial health evaluation is rather negative. TITR does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

TITR had negative earnings in the past year.
TITR had a positive operating cash flow in the past year.
In the past 5 years TITR reported 4 times negative net income.
In the past 5 years TITR always reported a positive cash flow from operatings.
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

With a Return On Assets value of -2.32%, TITR is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
The Return On Equity of TITR (-7.30%) is worse than 80.00% of its industry peers.
With a Return On Invested Capital value of 6.92%, TITR perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TITR is below the industry average of 7.40%.
The last Return On Invested Capital (6.92%) for TITR is above the 3 year average (3.21%), which is a sign of increasing profitability.
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's Operating Margin of 11.00% is in line compared to the rest of the industry. TITR outperforms 43.33% of its industry peers.
TITR's Operating Margin has declined in the last couple of years.
TITR's Gross Margin of 48.24% is on the low side compared to the rest of the industry. TITR is outperformed by 70.00% 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

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TITR is still creating some value.
TITR has about the same amout of shares outstanding than it did 1 year ago.
TITR has more shares outstanding than it did 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 1.07, we must say that TITR is in the distress zone and has some risk of bankruptcy.
TITR has a Altman-Z score (1.07) which is in line with its industry peers.
The Debt to FCF ratio of TITR is 288.25, which is on the high side as it means it would take TITR, 288.25 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TITR (288.25) is worse than 83.33% of its industry peers.
A Debt/Equity ratio of 0.92 indicates that TITR is somewhat dependend on debt financing.
TITR has a Debt to Equity ratio (0.92) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 288.25
Altman-Z 1.07
ROIC/WACC1.06
WACC6.54%
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

A Current Ratio of 0.80 indicates that TITR may have some problems paying its short term obligations.
TITR's Current ratio of 0.80 is in line compared to the rest of the industry. TITR outperforms 43.33% of its industry peers.
A Quick Ratio of 0.77 indicates that TITR may have some problems paying its short term obligations.
TITR has a Quick ratio (0.77) which is in line with 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

The Earnings Per Share has grown by an impressive 48.74% over the past year.
The Revenue has decreased by -9.52% in the past year.
The Revenue has been decreasing by -5.45% on average over the past years.
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

TITR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.16% yearly.
The Revenue is expected to decrease by -1.90% on average over the next years.
EPS Next Y58.62%
EPS Next 2Y40.53%
EPS Next 3Y29.31%
EPS Next 5Y21.16%
Revenue Next Year-6.59%
Revenue Next 2Y-7.86%
Revenue Next 3Y-4.08%
Revenue Next 5Y-1.9%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
Also next year TITR is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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

Based on the Enterprise Value to EBITDA ratio, TITR is valued cheaply inside the industry as 90.00% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TITR indicates a rather expensive valuation: TITR more expensive than 83.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 199.47
EV/EBITDA 3.49
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

A more expensive valuation may be justified as TITR's earnings are expected to grow with 29.31% in the coming years.
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 (8/12/2025, 5:35:15 PM)

0.495

+0 (+0.81%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)08-05 2025-08-05
Earnings (Next)11-05 2025-11-05
Inst Owners16.62%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap10.57B
Analysts82
Price Target0.48 (-3.03%)
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)8.58%
PT rev (3m)13.58%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.64%
Revenue NY rev (3m)-5.47%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.48
P/FCF 199.47
P/OCF 5.27
P/B 0.88
P/tB N/A
EV/EBITDA 3.49
EPS(TTM)-0.04
EYN/A
EPS(NY)0
Fwd EYN/A
FCF(TTM)0
FCFY0.5%
OCF(TTM)0.09
OCFY18.98%
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 1.07
F-Score6
WACC6.54%
ROIC/WACC1.06
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 5Y21.16%
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-7.86%
Revenue Next 3Y-4.08%
Revenue Next 5Y-1.9%
EBIT growth 1Y9.13%
EBIT growth 3Y19.21%
EBIT growth 5Y-13.15%
EBIT Next Year207.41%
EBIT Next 3Y50.3%
EBIT Next 5Y23.34%
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%