Toscana Aeroporti S.p.A. (TYA) AI Stock Analysis

• Market Cap: €333.15M
• Dividend Yield: 2.05%
• Average Volume (3M): 3.29K
• Price to Earnings (P/E): 19.3
• Beta (1Y): 0.07
• Revenue Growth: 10.96%
• EPS Growth: 3.27%
• Country: IT
• Employees: 397
• Sector: Services
• Sector Strength: N/A
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.35
• Shares Outstanding: 18,611,965
• 10 Day Avg. Volume: 3,315
• 30 Day Avg. Volume: 3,291
• PEG Ratio: 0.44
• Price to Book (P/B): 2.36
• Price to Sales (P/S): 2.15
• P/FCF Ratio: 11.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: €21.00 ▲(13.51% Upside)

The strong financial performance and bullish technical indicators are the primary drivers of Toscana Aeroporti S.p.A.'s stock score. While the valuation is fair, the company's growth trajectory and operational efficiency provide a solid investment case. The absence of earnings call data and corporate events does not impact the score.

Toscana Aeroporti S.p.A. Business Overview & Revenue Model

Company Description

Toscana Aeroporti S.p.A. (TYA) is an Italian company operating in the transportation sector, primarily focused on managing and developing airport infrastructures. The company operates major airports in the Tuscany region, including Florence's Amerigo Vespucci Airport and Pisa's Galileo Galilei Airport. Toscana Aeroporti offers a range of services that facilitate air travel, including passenger handling, cargo handling, and other related airport operations.

How the Company Makes Money

Toscana Aeroporti S.p.A. generates revenue through a combination of aviation and non-aviation activities. The primary revenue streams include airport charges such as landing and take-off fees, passenger service fees, and security fees paid by airlines operating at the airports. Additionally, the company earns income from non-aviation services, including retail concessions, parking facilities, and real estate activities within the airport premises. Significant partnerships with airlines and commercial entities contribute to the company's earnings by enhancing service offerings and attracting more passengers and cargo operations.

Toscana Aeroporti S.p.A. Financial Statement Overview

Summary

Toscana Aeroporti S.p.A. shows strong revenue growth and improved profitability margins, with effective cost control and operational efficiency. However, there is a slight decline in gross profit margin and increasing debt levels that require careful management.

Income Statement

Toscana Aeroporti S.p.A. has demonstrated strong revenue growth with a 37% increase from 2022 to 2023. The company has improved its profitability metrics, with a gross profit margin of 27% and a net profit margin of 13.8% in 2023. EBIT and EBITDA margins are also robust, indicating effective cost control and operational efficiency. However, there was a decline in gross profit margin from the previous year, suggesting some pressure on cost control.

Balance Sheet

The balance sheet shows a stable financial position with a debt-to-equity ratio of 0.81 as of 2023, reflecting a balanced approach to leveraging. The equity ratio of 34.6% indicates a solid equity base, although it has decreased slightly over the years. Return on equity is a healthy 12%, showing effective utilization of shareholder funds. However, the company's debt levels have increased over the years, which could pose a risk if not managed carefully.

Cash Flow

The company's cash flow generation is strong, with a significant increase in free cash flow by 86.6% from 2022 to 2023. The operating cash flow to net income ratio of 1.47 indicates robust cash generation relative to net income. The free cash flow to net income ratio also suggests effective cash management. However, fluctuations in capital expenditures and investing cash flows highlight the need for careful investment planning.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	134.42M	124.14M	123.26M	90.41M	46.89M	49.43M
Gross Profit	50.06M	63.70M	38.91M	19.22M	-1.28M	-494.00K
EBITDA	41.92M	42.03M	36.27M	17.34M	667.00K	-4.86M
Net Income	16.90M	17.10M	12.63M	4.67M	-5.26M	-12.47M
Balance Sheet
Total Assets	296.36M	296.15M	303.86M	322.94M	332.04M	331.94M
Cash, Cash Equivalents and Short-Term Investments	16.71M	22.80M	26.54M	56.07M	54.15M	76.34M
Total Debt	92.51M	91.04M	104.69M	139.04M	149.47M	153.67M
Total Liabilities	183.17M	182.32M	197.36M	222.19M	229.41M	225.17M
Stockholders Equity	112.53M	112.89M	105.17M	99.59M	101.47M	106.55M
Cash Flow
Free Cash Flow	20.65M	23.45M	12.56M	21.33M	-16.01M	-43.74M
Operating Cash Flow	28.95M	25.05M	26.38M	30.43M	-938.00K	-31.79M
Investing Cash Flow	-15.88M	-6.75M	-13.92M	-10.42M	-15.67M	-11.99M
Financing Cash Flow	-15.47M	-21.89M	-42.10M	-18.39M	-5.59M	100.26M

Toscana Aeroporti S.p.A. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:TYA, the sentiment is Positive. The current price of 18.5 is above the 20-day moving average (MA) of 17.71, above the 50-day MA of 17.14, and above the 200-day MA of 16.31, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 58.47 is Neutral, neither overbought nor oversold. The STOCH value of 75.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:TYA.

Toscana Aeroporti S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TYA	78 Outperform	€333.15M	19.34	―	2.05%	10.96%	3.27%
ENAV	65 Neutral	€2.47B	22.51	9.96%	6.06%	-0.32%	-6.45%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Toscana Aeroporti S.p.A. Corporate Events

Toscana Aeroporti Achieves Record Passenger Numbers in September 2025

Toscana Aeroporti S.p.A. reported a record-breaking September 2025, with nearly one million passengers transiting through its Florence and Pisa airports, marking a 7.0% increase from the previous year. This growth is driven by strong international and national traffic, highlighting the company’s robust performance and its strategic importance in the Tuscan region’s economic landscape.

The most recent analyst rating on (IT:TYA) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on Toscana Aeroporti S.p.A. stock, see the IT:TYA Stock Forecast page.

Toscana Aeroporti Releases Semi-Annual Financial Report for 2025

Toscana Aeroporti S.p.A. has released its Semi-Annual Financial Report as of June 30, 2025, approved by the Board of Directors and available to the public through various channels. This report, along with the auditor’s report, provides insights into the company’s financial performance and strategic positioning, highlighting its role in regional economic development.

The most recent analyst rating on (IT:TYA) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on Toscana Aeroporti S.p.A. stock, see the IT:TYA Stock Forecast page.

Toscana Aeroporti Reports Record Passenger Traffic and Revenue Growth in H1 2025

Toscana Aeroporti S.p.A. reported a significant increase in passenger traffic and financial performance for the first half of 2025, surpassing 4.5 million passengers and achieving a 23.3% rise in total revenues compared to the previous year. The company attributes its success to strategic investments in airport infrastructure and development plans, which have led to record-breaking passenger numbers and solid financial results, positioning it favorably within the Italian airport system.

The most recent analyst rating on (IT:TYA) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on Toscana Aeroporti S.p.A. stock, see the IT:TYA Stock Forecast page.

Toscana Aeroporti Achieves Record Passenger Traffic in August 2025

Toscana Aeroporti S.p.A. reported a record-breaking performance in passenger traffic for August 2025, with over one million passengers for the third consecutive month. The Florence and Pisa airports saw significant growth in both international and national segments, contributing to a year-to-date total of 6.7 million passengers, an 8.7% increase from 2024. This growth underscores the company’s strong market positioning and its role in regional economic development.

The most recent analyst rating on (IT:TYA) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on Toscana Aeroporti S.p.A. stock, see the IT:TYA Stock Forecast page.

Toscana Aeroporti Reports Record Passenger Growth in July 2025

Toscana Aeroporti achieved a record-breaking month in July 2025, handling 1.1 million passengers, a 6.6% increase from July 2024. The Florence and Pisa airports both saw significant growth, with Florence experiencing a 9.9% rise due to international traffic, and Pisa seeing a 4.8% increase driven by domestic traffic. Overall, the first seven months of 2025 recorded a 9.1% growth in passenger numbers, highlighting the company’s robust performance and its vital role in regional economic development.

Toscana Aeroporti Achieves Record Growth and Strategic Divestment

Toscana Aeroporti S.p.A. reported record passenger traffic and financial results for the first half of 2025, with over 4.5 million passengers and a consolidated EBITDA of 19.1 million euros. The company also finalized the sale of its remaining stake in Toscana Aeroporti Handling S.r.l., allowing it to concentrate on its core infrastructure business while ensuring employment stability through the transfer to Alisud.