Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Telecom Italia S.p.A. is a major Italian telecommunications company providing a broad range of fixed and mobile communication services. Operating under the TIM brand, the company serves consumer, business, and wholesale customers with voice, data, and broadband connectivity across Italy, and also has significant operations in Brazil through its mobile subsidiary. Its core offerings include fixed-line telephony, fiber-based ultra-broadband, mobile voice and data, and convergent bundles that integrate connectivity, digital content, and value-added services for households and enterprises. Telecom Italia S.p.A. also delivers cloud, data center, cybersecurity, and ICT solutions, supporting the digitalization of corporate and public-sector clients. In the wholesale segment, it provides network access and capacity services, including international connectivity through fiber infrastructure. Founded in 1994 and headquartered in Rome, with key offices in Milan and Naples, Telecom Italia S.p.A. plays a central role in Italy’s digital infrastructure and acts as a key integrated communications and technology provider in its core markets.
Operating margin is thin at 6.48%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 4.9% YoY. Margins deteriorated 7.0pp alongside, both lines moving the wrong way.
Free cash flow declined 91% versus the prior year, cash generation momentum has weakened. Net debt of €9.81B represents 265.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€13.78B
▼ -4.9% YoY
Net Income (TTM)
€352M
▲ +242.6% YoY
Op. Margin
4.89%
▼ -7.0pp YoY
ROIC
2.74%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€418M
▼ -90.8% YoY
Op. Cash Flow (TTM)
€1.20B
▼ -28.5% YoY
Net Debt
€9.81B
Cash & Equiv.
€3.42B
3Y CAGR: -4.5%
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