INW Stock Analysis: Infrastrutture Wireless | MI
Real Estate Services | MI, Italy | Market Cap: 5.805m EUR | 12M Return: -28.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 16.4M
EPS Trend: 76.4%
Qual. Beats: -5
Rev. Trend: 96.9%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Infrastrutture Wireless Italiane S.p.A. (INW) is an Italian operator of electronic communications infrastructure, building and managing shared digital assets used by mobile, fixed wireless access (FWA), and IoT providers. Founded in 2015 and headquartered in Rome, INW is a mid-cap stock (approximately $6.8 billion USD) listed on the Borsa Italiana (MI).
The companys infrastructure is organized into three segments: tower infrastructure (towers, poles, masts, fibre, gateways, IoT sensors, and land); smart infrastructure (DAS antennas, small cells, and repeaters); and real estate infrastructure (land holdings and renewable energy production). INW also provides indoor and outdoor coverage solutions and hosts multi-operator infrastructure for public and private venues.
Its customer base spans mobile network operators, FWA operators, broadcasting service providers, utilities, public institutions, and the armed forces. The company operates a shared-infrastructure business model in which multiple tenants lease space on the same physical sites, a structure typical of independent tower operators. Despite its telecom-related activities, INW is classified under the GICS Real Estate sector (Real Estate Operating Companies), reflecting the real estate character of its tower and land portfolio.
- Italian 5G densification drives new tower and small cell deployments
- Inflation-linked escalators support recurring revenue and margin expansion
- MNO consolidation and Iliad entry pressures tenancy ratios and pricing
| Net Income: 352.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.84 > 1.0 |
| NWC/Revenue: -8.15% < 20% (prev -43.55%; Δ 35.40% < -1%) |
| CFO/TA 0.12 > 3% & CFO 1.15b > Net Income 352.1m |
| Net Debt (523.3m) to EBITDA (972.9m): 0.54 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (902.3m) vs 12m ago -0.12% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 11.18% > 50% (prev 11.10%; Δ 0.08% > 0%) |
| Interest Coverage Ratio: 3.85 > 6 (EBIT TTM 577.2m / Interest Expense TTM 150.1m) |
| A: -0.01 (Total Current Assets 629.9m - Total Current Liabilities 717.5m) / Total Assets 9.79b |
| B: 0.05 (Retained Earnings 442.7m / Total Assets 9.79b) |
| C: 0.06 (EBIT TTM 577.2m / Avg Total Assets 9.61b) |
| D: 0.57 (Book Value of Equity 3.55b / Total Liabilities 6.22b) |
| Altman-Z'' = 1.09 = BB |
| DSRI: 1.02 (Receivables 91.5m/87.7m, Revenue 1.08b/1.05b) |
| GMI: 0.99 (GM 96.30% / 97.62%) |
| AQI: 0.95 (AQ_t 0.66 / AQ_t-1 0.70) |
| SGI: 1.03 (Revenue 1.08b / 1.05b) |
| TATA: -0.08 (NI 352.1m - CFO 1.15b) / TA 9.79b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of July 14, 2026, the stock is trading at EUR 6.60 with a total of 7,931,177 shares traded. Over the past week, the price has changed by +1.85%, over one month by -0.45%, over three months by -2.58% and over the past year by -28.63%.
Current recommended Stop Loss: 6.30 (which is 4.5% or 1.7 ATR below the current price).
Infrastrutture Wireless has no consensus analysts rating.
P/E Trailing = 16.9211
P/E Forward = 12.87
P/S = 5.4002
P/B = 1.6358
P/EG = 1.9649
Revenue TTM = 1.08b EUR
EBIT TTM = 577.2m EUR
EBITDA TTM = 972.9m EUR
Long Term Debt = 4.23b EUR (from longTermDebt, last quarter)
Short Term Debt = 273.1m EUR (from shortLongTermDebt, last quarter)
Debt = 905.1m EUR (Leases only: 905.1m)
Net Debt = 523.3m EUR (calculated: Debt 905.1m - CCE 381.8m)
Enterprise Value = 6.33b EUR (5.81b + Debt 905.1m - CCE 381.8m)
Interest Coverage Ratio = 3.85 (Ebit TTM 577.2m / Interest Expense TTM 150.1m)
EV/FCF = 11.64x (Enterprise Value 6.33b / FCF TTM 543.6m)
FCF Yield = 8.59% (FCF TTM 543.6m / Enterprise Value 6.33b)
FCF Margin = 50.56% (FCF TTM 543.6m / Revenue TTM 1.08b)
Net Margin = 32.75% (Net Income TTM 352.1m / Revenue TTM 1.08b)
Gross Margin = unknown ((Revenue TTM 1.08b - Cost of Revenue TTM 25.6m) / Revenue TTM)
Tobins Q-Ratio = 0.65 (Enterprise Value 6.33b / Total Assets 9.79b)
Interest Expense / Debt = 16.58% (Interest Expense 150.1m / Debt 905.1m)
Taxrate = 17.28% (73.3m / 424.0m)
NOPAT = 477.4m (EBIT 577.2m * (1 - 17.28%))
Current Ratio = 0.88 (Total Current Assets 629.9m / Total Current Liabilities 717.5m)
Debt / Equity = 0.25 (Debt 905.1m / totalStockholderEquity, last quarter 3.55b)
Debt / EBITDA = 0.54 (Net Debt 523.3m / EBITDA 972.9m)
Debt / FCF = 0.96 (Net Debt 523.3m / FCF TTM 543.6m)
Total Stockholder Equity = 3.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.66% (Net Income 352.1m / Total Assets 9.79b)
RoE = 9.86% (Net Income TTM 352.1m / Total Stockholder Equity 3.57b)
RoCE = 7.40% (EBIT 577.2m / Capital Employed (Equity 3.57b + L.T.Debt 4.23b))
RoIC = 5.30% (NOPAT 477.4m / Invested Capital 9.02b)
WACC = 7.16% (E(5.81b)/V(6.71b) * Re(6.14%) + D(905.1m)/V(6.71b) * Rd(16.58%) * (1-Tc(0.17)))
Discount Rate = 6.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -44.23 | Cagr: -0.29%
[DCF] Terminal Value 77.97% ; FCFF base≈504.1m ; Y1≈577.9m ; Y5≈850.5m
[DCF] Fair Price = 13.60 (EV 12.8b - Net Debt 523.3m = Equity 12.3b / Shares 902.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 76.40 | EPS CAGR: 4.04% | SUE: -3.94 | # QB: -5
Revenue Correlation: 96.89 | Revenue CAGR: 6.43% | SUE: 1.29 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.09 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.10 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=0.38 | Chg30d=-1.33% | Revisions=-40% | GrowthEPS=-3.8% | GrowthRev=-0.1%
EPS next Year (2027-12-31): EPS=0.36 | Chg30d=-6.27% | Revisions=-50% | GrowthEPS=-5.7% | GrowthRev=+2.0%
[Analyst] Revisions Ratio: -62% (up=0, down=5)