Projected Income Statement: Inwit S.p.A.

Forecast Balance Sheet: Inwit S.p.A.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 3,712 4,053 4,079 4,207 4,517 4,763 4,979 5,142
Change - 9.19% 0.64% 3.14% 7.37% 5.44% 4.53% 3.27%
Announcement Date 3/4/21 2/24/22 3/3/23 3/7/24 3/5/25 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Inwit S.p.A.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 89.3 160.2 187 290 315.9 296.4 267.2 234.8
Change - 79.39% 16.73% 55.08% 8.93% -6.17% -9.83% -12.12%
Free Cash Flow (FCF) 1 397.3 366.5 491.4 611.5 621 541.5 628 533.9
Change - -7.76% 34.09% 24.44% 1.55% -12.8% 15.96% -14.98%
Announcement Date 3/4/21 2/24/22 3/3/23 3/7/24 3/5/25 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Inwit S.p.A.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 92.02% 91.06% 91.61% 91.5% 91.38% 91.32% 91.48% 91.42%
EBIT Margin (%) 44.83% 45.18% 48.97% 52.91% 53.95% 54.67% 56.99% 58.57%
EBT Margin (%) 33.3% 33.7% 39.19% 41.22% 40.96% 41.66% 43.46% 44.14%
Net margin (%) 23.62% 24.38% 34.38% 35.35% 34.15% 35.47% 36.41% 32.99%
FCF margin (%) 59.89% 46.68% 57.61% 63.68% 59.94% 50.1% 55.32% 44.85%
FCF / Net Income (%) 253.61% 191.47% 167.54% 180.12% 175.52% 141.25% 151.93% 135.97%

Profitability

        
ROA 2.68% 2.08% 3.46% 3.65% 3.76% 4.31% 4.85% 4.61%
ROE 5.26% 4.22% 6.6% 7.71% 8.41% 9.95% 11.79% 11.55%

Financial Health

        
Leverage (Debt/EBITDA) 6.08x 5.67x 5.22x 4.79x 4.77x 4.83x 4.79x 4.72x
Debt / Free cash flow 9.34x 11.06x 8.3x 6.88x 7.27x 8.8x 7.93x 9.63x

Capital Intensity

        
CAPEX / Current Assets (%) 13.46% 20.41% 21.92% 30.2% 30.49% 27.42% 23.54% 19.73%
CAPEX / EBITDA (%) 14.63% 22.41% 23.93% 33.01% 33.37% 30.03% 25.74% 21.58%
CAPEX / FCF (%) 22.48% 43.71% 38.05% 47.42% 50.87% 54.73% 42.56% 43.99%

Items per share

        
Cash flow per share 1 0.5591 0.2269 - 0.8482 0.8136 0.7331 0.8142 0.7634
Change - -59.42% - - -4.08% -9.9% 11.06% -6.23%
Dividend per Share 1 0.3 0.3225 0.3472 0.48 0.52 0.5613 0.5934 0.6291
Change - 7.5% 7.66% 38.25% 8.33% 7.94% 5.72% 6.02%
Book Value Per Share 1 5.257 4.67 4.653 4.576 4.375 4.078 3.937 3.706
Change - -11.17% -0.36% -1.64% -4.4% -6.78% -3.47% -5.88%
EPS 1 0.18 0.199 0.306 0.355 0.377 0.4158 0.4516 0.4286
Change - 10.56% 53.77% 16.01% 6.2% 10.29% 8.6% -5.09%
Nbr of stocks (in thousands) 960,200 959,913 959,906 947,551 931,774 903,589 903,589 903,589
Announcement Date 3/4/21 2/24/22 3/3/23 3/7/24 3/5/25 - - -
1EUR
Estimates
2025 *2026 *
P/E ratio 19.1x 17.6x
PBR 1.95x 2.02x
EV / Sales 11.1x 10.7x
Yield 7.05% 7.45%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
7.960EUR
Average target price
10.46EUR
Spread / Average Target
+31.45%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. INW Stock
  4. Financials Inwit S.p.A.