Infrastrutture Wireless Italiane SpA INW

Morningstar Rating
€6.50 +0.15 (2.28%)
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Company Report

Price vs Fair Value

INW is trading at a LOCK|ZB&j!> premium.
Price
€6.35
Fair Value
R.M
Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

If Inwit succeeds in court, we expect this to be a positive catalyst for the stock. A moderate settlement and reestablishment of healthy relationships with tenants would also be a positive event.

Bears

The legal dispute with its anchor tenants is a very high-uncertainty event that puts at risk the long-term viability of the company.

News

Trading Information

Previous Close Price
€6.36
Day Range
€6.32–6.56
52-Week Range
€5.98–10.11
Bid/Ask
€6.40 / €6.56
Shares Outstanding
902.49M
Market Cap
€5.87B
Volume/Avg
1M / 2M

Key Statistics

Price/Earnings (Normalized)
16.94
Price/Sales
5.36
Dividend Yield (Trailing)
8.72%
Dividend Yield (Forward)
8.72%
Dividend Payment Schedule
May
Total Yield
12.03%

Company Profile

Inwit is an Italian wireless tower company born from the spinoff of Telecom Italia’s tower assets in 2015. In 2020, Inwit merged its tower assets with those of Vodafone Italia, creating a tower leader in the Italian market with a high-quality portfolio derived from the networks created by Telecom Italia and Vodafone over the past two decades. Inwit owns 25,000 towers, having the highest tenancy ratio and EBITDA margin among the European tower firms. Cellnex is Inwit’s main competitor in Italy, owning a similar number of towers.
Sector
Real Estate
Industry
Real Estate Services
Stock Style Box
Mid Value
Total Number of Employees
342

Competitors

Valuation

Metric
INW
CLNX
CCI
Price/Earnings (Normalized)
16.9444.5425.79
Price/Book Value
1.831.26—
Price/Sales
5.363.526.94
Price/Cash Flow
7.696.1815.53
Price/Earnings
INW
CLNX
CCI

Financial Strength

Metric
INW
CLNX
CCI
Quick Ratio
0.350.620.43
Current Ratio
0.370.620.52
Interest Coverage
3.53−0.032.16
Quick Ratio
INW
CLNX
CCI

Profitability

Metric
INW
CLNX
CCI
Return on Assets (Normalized)
3.59%−0.55%3.93%
Return on Equity (Normalized)
9.84%−1.87%—
Return on Invested Capital (Normalized)
5.43%0.26%7.68%
Return on Assets
INW
CLNX
CCI

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1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
CBRE Group Inc Class A
CBRE
LOCK|?@$wR%LOCK|KC^$<$38B
KE Holdings Inc ADR
BEKE
LOCK|!N!>%!%LOCK|rVT!$19B
Sumitomo Realty & Development Co Ltd
SURDF
—LOCK|Sjn$19B
Sumitomo Realty & Development Co Ltd ADR
SURYY
—LOCK|tJ!$19B
Swire Properties Ltd
SWPFF
—LOCK|Cf&y>$18B
Cellnex Telecom SA ADR
CLLNY
—LOCK|p?S>W$17B
Cellnex Telecom SA
CLNXF
—LOCK|<!r?$17B
Jones Lang LaSalle Inc
JLL
LOCK|q>p?Mv@LOCK|&#?&>$14B
CoStar Group Inc
CSGP
LOCK|>%ppm<LOCK|#f<!$11B
Cushman & Wakefield Ltd
CWK
LOCK|>qyWSyLOCK|$Kb$3B

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