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RWAY.MI

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Rai Way S.p.A. · Industrials · Italy · $1.6B · Avg Vol: $2M/d

85
StockRank
Q
74
V
56
M
46
P/E (TTM)
15.7x
ROE
40.9%
D/E
0.6x
Dividend %
6.4%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

Rai Way is a high-quality Italian tower infrastructure business with stable cash flows and high EBITDA margins, but it lacks a strong, dynamic macro tailwind to drive asymmetric upside over the next 18 months.

COMPANY DESCRIPTION

Rai Way S.p.A. owns and operates the national television and radio transmission and broadcasting network in Italy. The company's competitive moat is its extensive, irreplaceable physical infrastructure of over 2,300 towers, which provides high barriers to entry and long-term, inflation-linked contracts with state broadcaster RAI. Rai Way operates as a highly stable, cash-generative infrastructure utility.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGR
Revenue279.6M309.7M314.5M322.1M4.8%
EPS0.310.370.380.386.9%
Shares272.0M272.0M272.0M272.0M0.0%
Debt161.2M158.6M160.7M166.0M1.0%
Equity200.6M214.9M219.2M218.7M2.9%
Op CF156.0M167.4M150.7M165.9M2.1%
Inv CF-85.9M-65.3M-57.1M-56.9M—
Fin CF-49.7M-103.3M-117.1M-113.9M—
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PRICE (1Y)-8.2%
5.835.996.156.316.47May 15Jun 5Jun 25
SMA 50SMA 200
Close
$5.83
RSI (14)
24.1
52W High
$6.82
From 52W High
0.9%

SCORE BREAKDOWN

Quality
74
ROIC
55.5%99.7
ROE
40.9%97.3
GP/Assets
41.5%90.0
Op. Margin
43.9%98.6
FCF/Assets
19.9%96.5
Piotroski
650.3
Int. Cover
22.5x63.6
D/E Ratio
0.63x35.4
Current Ratio
0.92x9.7
Value
56
P/E (TTM)
15.7x62.5
EV/EBITDA
9.2x64.1
P/FCF
14.6x63.4
P/B
6.5x13.8
P/S
4.9x17.5
Div Yield
6.4%93.9
Momentum
46
52W High %
86%67.5
RS 6M
-17%48.0
SMA 50/200
1.01x47.1
EPS Rev 4W
-2.8%15.7
EPS Rev 12W
—N/A
EPS Improve
+4%20.0
Q Growth
-4%35.4

FUNDAMENTALS

Market Cap
$1.6B
P/E (Forward)
15.1x
Gross Margin
69.1%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of RWAY.MI are excluded.

TickerCompanyMkt CapStockRankSignal
RWAY.MIRai Way S.p.A.(you)$1.6B85STRONG BUY
SOM.MISomec S.p.A.$193M95STRONG BUY
WBD.MIWebuild S.p.A.$2.6B35SELL
PLC.MIPLC S.p.A.$92M99STRONG BUY
ESPE.MIEspe S.p.A.$82M99STRONG BUY
ABP.MIAzienda Bresciana Petroli Nocivelli S.p.A.$198M53HOLD
DBA.MIDBA Group S.p.A.$51M97STRONG BUY
CMB.MICembre S.p.A.$1.7B87STRONG BUY
COM.MIComer Industries S.p.A.$1.5B79BUY
DNR.MIIndustrie De Nora S.p.A.$1.5B76BUY

Peer medians: ROE 11.7% · P/E 19.1x · Gross margin 44.8%

Rai Way S.p.A. (RWAY.MI) — Stock Score Summary

Rai Way S.p.A. (RWAY.MI) has a MoatMap StockRank of 85/100 based on Quality (74/100), Value (56/100), and Momentum (46/100) factor scores. The current signal is STRONG BUY. Rai Way is a high-quality Italian tower infrastructure business with stable cash flows and high EBITDA margins, but it lacks a strong, dynamic macro tailwind to drive asymmetric upside over the next 18 months.

Rai Way S.p.A. owns and operates the national television and radio transmission and broadcasting network in Italy. The company's competitive moat is its extensive, irreplaceable physical infrastructure of over 2,300 towers, which provides high barriers to entry and long-term, inflation-linked contracts with state broadcaster RAI. Rai Way operates as a highly stable, cash-generative infrastructure utility.

Key Financial Metrics

Price$5.83
Market Cap$1.6B
P/E (TTM)15.67
P/E (Forward)15.05
Price/Book6.49
Return on Equity40.9%
Return on Invested Capital55.5%
Debt/Equity62.76
Gross Margin69.1%
Operating Margin43.9%
Revenue Growth2.7%
Dividend Yield6.4%
Free Cash Flow$108M

Rai Way S.p.A. operates in the Engineering & Construction industry, part of the Industrials sector (Italy).

Frequently Asked Questions

What is Rai Way S.p.A.’s (RWAY.MI) StockRank?
MoatMap’s StockRank for Rai Way S.p.A. (RWAY.MI) is 85/100, with a Strong Buy signal. It is a composite of Quality (74), Value (56), and Momentum (46) factor ranks across MoatMap’s 20,000+ stock universe.
Does Rai Way S.p.A. have an economic moat?
Rai Way S.p.A. (RWAY.MI) has a Quality factor score of 74/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Rai Way S.p.A. a buy, hold, or sell?
MoatMap’s current signal for Rai Way S.p.A. (RWAY.MI) is Strong Buy, based on a StockRank of 85/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Rai Way S.p.A. in?
Rai Way S.p.A. (RWAY.MI) operates in the Industrials sector, specifically the Engineering & Construction industry (Italy).
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