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Toscana Aeroporti S.p.A.
(TYA)
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Rating:67Neutral
Price Target:
€20.00
▲(7.53% Upside)
Action:Reiterated
Date:05/20/26
The score is driven primarily by improved financial performance (sustained profitability and better leverage), tempered by a recent TTM revenue dip and inconsistent cash conversion. Technicals are mildly positive but constrained by overbought signals, and valuation appears only moderately supportive given the P/E and modest dividend yield.
Positive Factors
Improved Profitability
Profitability has recovered materially since 2021, with durable operating margins near 20% and net margins around 9.6%. Sustained margins support reinvestment capacity, RONA and shareholder returns and provide a buffer against cyclical traffic swings in the medium term.
Negative Factors
TTM Revenue Dip
A recent TTM revenue decline signals moderation after prior rebounds; for an airport operator reliant on passenger volumes and tourism, slower top‑line growth can pressure long‑run fee and concession revenue expansion and limit margin upside absent network or route gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
Profitability has recovered materially since 2021, with durable operating margins near 20% and net margins around 9.6%. Sustained margins support reinvestment capacity, RONA and shareholder returns and provide a buffer against cyclical traffic swings in the medium term.
Read all positive factors
Toscana Aeroporti S.p.A. (TYA) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€342.46M
Dividend Yield2.04%
Average Volume (3M)3.29K
Price to Earnings (P/E)22.3
Beta (1Y)0.13
Revenue Growth12.72%
EPS Growth-9.12%
CountryIT
Employees406
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)0.82
Shares Outstanding18,611,965
10 Day Avg. Volume3,315
30 Day Avg. Volume3,291
Financial Highlights & Ratios
PEG Ratio-3.95
Price to Book (P/B)2.83
Price to Sales (P/S)2.44
P/FCF Ratio12.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Toscana Aeroporti S.p.A. Business Overview & Revenue Model
Company Description
Toscana Aeroporti S.p.A. is responsible for the operation and management of the Florence and Pisa airports in Italy. The company's operations are divided into two main divisions: Aviation Services and Non-Aviation Activities. Within its Aviation S...
How the Company Makes Money
Toscana Aeroporti generates revenue primarily through two broad categories: (1) aviation (regulated and airport-operations related) revenues and (2) non-aviation (commercial) revenues. On the aviation side, it earns fees and charges linked to airp...
Toscana Aeroporti S.p.A. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 159.77M | 142.40M | 124.14M | 123.26M | 90.41M | 46.89M |
| Gross Profit | 62.36M | 74.23M | 63.70M | 38.91M | 19.22M | -1.28M |
| EBITDA | 42.35M | 43.05M | 42.03M | 36.27M | 17.34M | 667.00K |
| Net Income | 15.36M | 16.10M | 17.10M | 12.63M | 4.67M | -5.26M |
Balance Sheet | ||||||
| Total Assets | 319.25M | 325.01M | 296.15M | 303.86M | 322.94M | 332.04M |
| Cash, Cash Equivalents and Short-Term Investments | 17.43M | 29.61M | 22.80M | 26.54M | 56.07M | 54.15M |
| Total Debt | 102.63M | 101.09M | 91.04M | 104.69M | 139.04M | 149.47M |
| Total Liabilities | 195.97M | 201.09M | 182.32M | 197.36M | 222.19M | 229.41M |
| Stockholders Equity | 122.37M | 123.19M | 112.89M | 105.17M | 99.59M | 101.47M |
Cash Flow | ||||||
| Free Cash Flow | 10.13M | 26.93M | 23.45M | 12.56M | 21.33M | -16.01M |
| Operating Cash Flow | 28.25M | 30.61M | 25.05M | 26.38M | 30.43M | -938.00K |
| Investing Cash Flow | -28.55M | -25.25M | -6.75M | -13.92M | -10.42M | -15.67M |
| Financing Cash Flow | 1.68M | 1.70M | -21.89M | -42.10M | -18.39M | -5.59M |
Toscana Aeroporti S.p.A. Technical Analysis
Negative
18.60
Price Trends
18.59
Negative
18.24
Positive
18.30
Positive
Market Momentum
0.11
Positive
52.47
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:TYA, the sentiment is Negative. The current price of 18.6 is below the 20-day moving average (MA) of 18.94, above the 50-day MA of 18.59, and above the 200-day MA of 18.30, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 52.47 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:TYA.
Toscana Aeroporti S.p.A. Peers Comparison
UnderperformOutperform
Sector (63)
IT:TYA
Toscana Aeroporti S.p.A.
18.40
2.51
15.81%
IT:ADB
Aeroporto Guglielmo Marconi di Bologna S.p.A.
9.72
1.58
19.38%
IT:ENAV
Enav SpA
5.06
1.15
29.31%
Toscana Aeroporti S.p.A. Corporate Events
Toscana Aeroporti Posts Record June as Tuscan Passenger Traffic Surges
Jul 6, 2026
Toscana Aeroporti reported its best June on record, with the Tuscan airport system surpassing one million passengers for the month, up 3.9% year on year, driven by growth in both international and domestic segments. This performance lifted first-h...
Toscana Aeroporti Hits Record Passenger Volumes in Florence and Pisa
Jun 5, 2026
Toscana Aeroporti reported a new traffic milestone in May 2026, as the Tuscan airport system crossed the one‑million‑passenger mark in a single month for the first time, up 5.6% year on year, driven by both international and domestic s...
Toscana Aeroporti grows traffic and revenue but widens Q1 loss amid investment push
May 11, 2026
Toscana Aeroporti reported preliminary first-quarter 2026 figures showing over 1.7 million passengers across Florence and Pisa airports, up 7.1% year on year, underscoring continued growth in the Tuscan airport system. Consolidated revenues rose 8...
Toscana Aeroporti Approves €7 Million Dividend for 2025
Apr 30, 2026
Toscana Aeroporti S.p.A. shareholders approved the distribution of a €0.376 dividend per each of the 18,611,966 outstanding shares for the 2025 financial year, for a total payout of €7 million. The dividend will be paid on 22 July 2026...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.