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Rai Way S.p.A. (RWAY.MI)

EUR4.65 +0.01 (+0.11%)
IT MIL Communication Services Broadcasting
Address Via Teulada 66 195
Rome, RM, IT
CEO Roberto Cecatto
Website raiway.it
IPO 2014-11-19
ISIN IT0005054967

Explore sections of this company profile

Also trades on Italian Stock Exchange · RWAY.MI (EUR) London Stock Exchange · 0R40.L (EUR)
Description

Rai Way S.p.A. is an Italian enterprise dedicated to the ownership and administration of television and radio transmission and broadcasting infrastructure nationwide. It facilitates the delivery of TV and radio signals utilizing its extensive network, encompassing terrestrial, satellite, radio link, and fiber optic technologies. Beyond its core transmission operations, the firm extends services such as leasing tower space for third-party broadcasting and transmission gear, comprehensive network management and upkeep, and various ancillary support. Its service portfolio further encompasses a broad spectrum of network solutions, including digital broadcasting systems, advanced transmission networks, DTT, multimedia communications, value-added services, and specialized project management and organizational process support, alongside continuous maintenance of its transmission infrastructure. Key clients include broadcasters, telecommunications providers, government agencies, and corporate enterprises. Founded in Rome in 1999, Rai Way S.p.A. operates as a subsidiary of Rai Radiotelevisione italiana S.p.A.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR4.65 +0.01 (+0.11%)
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Volume Profile
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Liquidity & share structure
Average Volume
416.5K
Beta
0.42
Float Shares
90.53M
Free Float %
33.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.37% -3.75% -2.31% -0.84% +10.67% +7.26% -2.96% +4.60% +15.88% +39.39% +91.26%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4.65
DCF (Unlevered) 7.57 +62.8%
DCF (Levered) 6.92 +48.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 83% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 5 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.34
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Broadcasting: +0.6%
    +2.4% ★ Q1'26: +2.6% (vs Q1'25)
  • ✓
    EPS growth Broadcasting: +26.7%
    +0.0% Q1'26: -5.5% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Broadcasting: +22.9%
    +35.2% ★ Q1'26: +38.4% (vs Q1'25)
  • ✓
    EBIT margin Broadcasting: +5.6%
    +46.0% ★ Q1'26: +44.2% (vs Q1'25)
  • ✓
    ROIC Broadcasting: +2.6%
    +28.2% ★ Q1'26: +27.7% (vs Q1'25)
  • ✗
    Share dilution Broadcasting: 0.0%
    +0.0% Q1'26: +1.3% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Broadcasting: -1.02×
    0.78× Q1'26: 0.72× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.44) × ERP
WACC = 91% × Ke + 9% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 7.47 Current price: 4.65
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
3 Rev. Ana.
3 EPS Ana. 		Dec 2027
5 Rev. Ana.
4 EPS Ana. 		Dec 2028
4 Rev. Ana.
3 EPS Ana. 		Dec 2029
3 Rev. Ana.
1 EPS Ana. 		Dec 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
212.31M
est: 212.04M (+0.1%)
215.22M
est: 215.33M (-0.1%)
216.20M
est: 216.33M (-0.1%)
217.73M
est: 218.26M (-0.2%)
221.39M
est: 220.71M (+0.3%)
224.46M
est: 223.75M (+0.3%)
229.94M
est: 233.54M (-1.5%)
245.45M
est: 244.95M (+0.2%)
271.94M
est: 273.54M (-0.6%)
276.10M
est: 276.38M (-0.1%)
282.80M
est: 283.86M (-0.4%)
290.67M
289.92M – 291.18M
+2.4% YoY
304.88M
303.64M – 305.65M
+4.9% YoY
315.72M
314.70M – 316.74M
+3.6% YoY
334.90M
333.78M – 335.62M
+6.1% YoY
360.00M
358.80M – 360.77M
+7.5% YoY
EBITDA
107.02M
est: 132.91M (-19.5%)
102.86M
est: 134.98M (-23.8%)
114.07M
est: 135.60M (-15.9%)
117.03M
est: 136.81M (-14.5%)
131.91M
est: 138.35M (-4.7%)
134.65M
est: 140.26M (-4.0%)
142.18M
est: 146.39M (-2.9%)
150.65M
est: 153.54M (-1.9%)
173.77M
est: 195.77M (-11.2%)
183.10M
est: 197.80M (-7.4%)
186.40M
est: 203.15M (-8.2%)
208.03M
207.49M – 208.39M
+2.4% YoY
218.19M
217.31M – 218.75M
+4.9% YoY
225.95M
225.22M – 226.68M
+3.6% YoY
239.68M
238.88M – 240.20M
+6.1% YoY
257.65M
256.78M – 258.20M
+7.5% YoY
EBIT
61.63M
est: 91.74M (-32.8%)
65.05M
est: 93.16M (-30.2%)
80.99M
est: 93.59M (-13.5%)
83.49M
est: 94.43M (-11.6%)
89.71M
est: 95.49M (-6.0%)
89.33M
est: 96.81M (-7.7%)
91.71M
est: 101.04M (-9.2%)
103.59M
est: 105.98M (-2.2%)
126.91M
est: 147.31M (-13.8%)
132.00M
est: 148.84M (-11.3%)
130.00M
est: 152.86M (-15.0%)
156.53M
156.13M – 156.80M
+2.4% YoY
164.18M
163.52M – 164.60M
+4.9% YoY
170.02M
169.47M – 170.57M
+3.6% YoY
180.35M
179.75M – 180.74M
+6.1% YoY
193.87M
193.22M – 194.28M
+7.5% YoY
Net Income
38.94M
est: 38.17M (+2.0%)
41.81M
est: 42.97M (-2.7%)
56.26M
est: 54.82M (+2.6%)
59.75M
est: 59.00M (+1.3%)
63.36M
est: 61.79M (+2.5%)
64.01M
est: 61.06M (+4.8%)
65.38M
est: 63.59M (+2.8%)
73.69M
est: 71.98M (+2.4%)
86.72M
est: 90.15M (-3.8%)
89.90M
est: 89.99M (-0.1%)
88.60M
est: 89.77M (-1.3%)
89.03M
88.19M – 89.86M
-0.8% YoY
92.66M
90.18M – 98.83M
+4.1% YoY
99.28M
95.04M – 103.53M
+7.1% YoY
—
— – —
-100.0% YoY
110.44M
109.97M – 110.75M
SGA
35.33M
est: 8.07M (+337.7%)
35.14M
est: 8.20M (+328.7%)
35.33M
est: 8.24M (+329.1%)
35.20M
est: 8.31M (+323.7%)
31.49M
est: 8.40M (+274.8%)
29.47M
est: 8.52M (+246.0%)
28.52M
est: 8.89M (+220.8%)
40.36M
est: 9.32M (+332.8%)
-67.41M
est: 4.06M (-1,759.1%)
5.10M
est: 4.11M (+24.2%)
4.30M
est: 4.22M (+2.0%)
4.32M
4.31M – 4.32M
+2.4% YoY
4.53M
4.51M – 4.54M
+4.9% YoY
4.69M
4.67M – 4.70M
+3.6% YoY
4.97M
4.96M – 4.98M
+6.1% YoY
5.35M
5.33M – 5.36M
+7.5% YoY
EPS
0.14
est: 0.14 (-0.2%)
0.15
est: 0.16 (-5.1%)
0.21
est: 0.20 (+4.2%)
0.22
est: 0.22 (+1.4%)
0.23
est: 0.23 (+1.3%)
0.24
est: 0.22 (+6.9%)
0.24
est: 0.23 (+2.7%)
0.27
est: 0.26 (+1.9%)
0.32
est: 0.33 (-3.5%)
0.33
est: 0.33 (-0.5%)
0.33
est: 0.33 (-0.1%)
0.33
0.32 – 0.33
-1.0% YoY
0.35
0.33 – 0.36
+5.7% YoY
0.36
0.35 – 0.38
+4.2% YoY
—
— – —
-100.0% YoY
0.41
0.40 – 0.41
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-05-11 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-05-08 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-05-07 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-05-06 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-05-04 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-30 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-29 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-27 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-24 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-23 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-22 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
115.28M
OE per share TTM
0.43
Owner's Yield
7.41%
Maintenance CapEx ratio
63.22%
Maint CapEx / Avg PPE
117.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 75 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.49% 449.9K 0.38%
2 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.49% 449.9K 0.38%
3 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.27% 1.17M 0.48%
4 WisdomTree International SmallCap Dividend Fund DLS 0.24% 2.53M 0.58%
5 WisdomTree Europe Equity Income UCITS ETF Acc EEIA.L 0.19% 467.6K 0.29%
6 WisdomTree Europe Equity Income UCITS ETF WTEE.DE 0.19% 467.6K 0.29%
7 UBS MSCI EMU Small Cap UCITS ETF EUR dis UEFD.DE 0.08% 615.3K 0.33%
8 iShares MSCI EMU Small Cap UCITS ETF CES1.L 0.08% 856.7K 0.58%
9 WisdomTree International High Dividend Fund DTH 0.08% 480.9K 0.58%
10 iShares International Developed Small Cap Value Factor ETF ISVL 0.07% 205.7K 0.31%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
216.7K
Shares Outstanding
268.50M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Adalberto Pellegrino Chief Financial Officer — male
Andrea Moretti Head of Investor Relations — male
Giancarlo Benucci Chief Corporate Development Officer — male
Giorgio Cogliati Chief Legal & Corporate Affairs and Board Secretary — male
Pietro Grignani Chief Executive Officer of Institutional Relations & External Communication and Chief Staff — —
Roberto Cecatto Chief Executive Officer, GM & Director — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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