Italian (Borsa Italiana) Infrastructure Industry Analysis

Industry Valuation and Performance

Has the Italian Infrastructure Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 14 May 2024	€2.8b	€1.3b	€148.7m	17.1x	18.8x	2.2x
Thu, 11 Apr 2024	€2.7b	€1.3b	€146.7m	18.3x	18.5x	2.1x
Sat, 09 Mar 2024	€2.4b	€1.2b	€130.1m	21.7x	18.5x	2x
Mon, 05 Feb 2024	€21.3b	€8.2b	€208.1m	23.6x	102.4x	2.6x
Wed, 03 Jan 2024	€21.3b	€8.2b	€208.1m	22.8x	102.4x	2.6x
Fri, 01 Dec 2023	€21.2b	€8.2b	€208.1m	20.9x	101.9x	2.6x
Sun, 29 Oct 2023	€21.1b	€8.2b	€194.2m	22.4x	108.6x	2.6x
Tue, 26 Sep 2023	€21.3b	€8.2b	€193.7m	23.5x	110x	2.6x
Thu, 24 Aug 2023	€21.4b	€8.2b	€191.0m	27.8x	112.2x	2.6x
Sat, 22 Jul 2023	€21.5b	€8.2b	€201.2m	25.2x	107x	2.6x
Mon, 19 Jun 2023	€21.6b	€8.2b	€201.2m	25.5x	107.5x	2.7x
Wed, 17 May 2023	€21.6b	€8.2b	€235.3m	23.7x	92x	2.7x
Fri, 14 Apr 2023	€21.7b	€8.2b	€235.3m	23.6x	92.1x	2.7x
Sun, 12 Mar 2023	€21.6b	€8.2b	€267.0m	18.8x	81.1x	2.6x
Tue, 07 Feb 2023	€21.8b	€8.2b	€267.0m	19.5x	81.6x	2.7x
Thu, 05 Jan 2023	€21.6b	€8.2b	€267.0m	18.5x	80.8x	2.6x
Sat, 03 Dec 2022	€21.8b	€8.2b	€260.9m	21x	83.6x	2.7x
Mon, 31 Oct 2022	€21.2b	€8.0b	€108.3m	19.5x	195.9x	2.6x
Wed, 28 Sep 2022	€21.2b	€8.0b	€107.1m	15.5x	198x	2.6x
Fri, 26 Aug 2022	€21.6b	€8.0b	€91.8m	14.3x	235.4x	2.7x
Sun, 24 Jul 2022	€21.4b	€7.5b	-€95,613,094.00	14.8x	-224.1x	2.9x
Tue, 21 Jun 2022	€21.3b	€7.5b	-€99,127,094.00	15.3x	-214.7x	2.8x
Thu, 19 May 2022	€21.8b	€7.3b	-€220,700,914.00	15.9x	-98.7x	3x
Sat, 16 Apr 2022	€22.0b	€7.1b	-€260,590,988.00	36.1x	-84.3x	3.1x
Mon, 14 Mar 2022	€15.9b	€10.7b	-€944,107,988.00	29.7x	-16.8x	1.5x
Wed, 09 Feb 2022	€16.0b	€10.7b	-€945,490,988.00	30.4x	-16.9x	1.5x
Fri, 07 Jan 2022	€16.9b	€10.7b	-€945,490,988.00	31.2x	-17.9x	1.6x
Sun, 05 Dec 2021	€15.9b	€10.7b	-€945,490,988.00	28.5x	-16.9x	1.5x
Tue, 02 Nov 2021	€16.7b	€10.3b	-€1,063,735,393.00	25.9x	-15.7x	1.6x
Thu, 30 Sep 2021	€16.4b	€10.3b	-€1,070,636,297.00	27x	-15.3x	1.6x
Sat, 28 Aug 2021	€15.8b	€10.3b	-€1,070,636,297.00	25.3x	-14.8x	1.5x
Sun, 04 Jul 2021	€15.3b	€10.3b	-€1,070,636,297.00	26x	-14.3x	1.5x

Current Industry PE

Investors are pessimistic on the Italian Infrastructure industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 18.7x which is lower than its 3-year average PE of 33.7x.

The industry is trading close to its 3-year average PS ratio of 2.3x.

Past Earnings Growth

Total earnings for the Infrastructure industry have gone up over the last three years and the industry is now profitable.
Revenues have declined 49% per year.
This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Italian Industrials industry?


IT Market	2.79%
Industrials	1.59%
Infrastructure	1.70%
Highways and Railtracks	2.03%
Airport Services	1.69%
Marine Ports and Services	0%

Industry PE

Investors are most optimistic about the Highways and Railtracks industry which is trading above its 3-year average PE ratio.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Airport Services industry, which is trading below its 3-year average of 135x.

Forecasted Growth

Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 9.6% over the next 5 years.
This is better than its past earnings growth rate of 7.5% per year.

In contrast, the Airport Services industry is expected to see its earnings grow by 9.6% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
ENAV ENAV	€4.07	2.3% +€48.7m	0.3%	PE19.5x
TYA Toscana Aeroporti	€12.20	1.2% +€2.8m	-3.9%	PE14.9x
FCH Franchetti	€6.80	4.6% +€2.1m	119.4%	PE38.2x

Company

Last Price

Valuation

ENAV ENAV

€4.07

2.3%
+€48.7m

0.3%

PE19.5x

TYA Toscana Aeroporti

€12.20

1.2%
+€2.8m

-3.9%