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

• Market Cap: €303.38M
• Dividend Yield: 2.31%
• Average Volume (3M): 342.00
• Price to Earnings (P/E): 17.9
• Beta (1Y): 0.12
• Revenue Growth: 7.88%
• EPS Growth: 23.11%
• Country: IT
• Employees: 397
• Sector: Industrials
• Sector Strength: 78
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.05
• Shares Outstanding: 18,611,965
• 10 Day Avg. Volume: 398
• 30 Day Avg. Volume: 342
• 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: €18.00
• Price Target Upside: 10.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: €18.00 ▲(10.43% Upside)

Toscana Aeroporti S.p.A. demonstrates strong financial performance with significant revenue growth and cash flow generation. Technical indicators suggest a neutral trend, and the stock's valuation is moderate. The absence of earnings call data and corporate events limits additional insights.

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

Company Description

Toscana Aeroporti S.p.A. operates and manages Florence and Pisa airports in Italy. The company operates through Aviation Business and Non-Aviation Business segments. It manages handling activities include passenger and aircraft ground handling, landing, aircraft departure and stopover, security and safety activities, passenger boarding and disembarkation, and cargo loading and unloading; and provides engineering services. The company also engages in the retail activities; and provides catering, car parking, car rental, advertising, air ticket office, VIP lounge, and cargo agency services. In addition, it engages in commercial and real estate activities; build airports, roads, railways; performs river and maritime works; and develops noise mitigation systems and prefabricate concrete elements for road, airport, and railway facilities. The company was formerly known as Società Aeroporto Toscano (S.A.T.) Galileo Galilei S.p.A. and changed its name to Toscana Aeroporti S.p.A. in June 2015. Toscana Aeroporti S.p.A. was founded in 1978 and is headquartered in Florence, Italy. Toscana Aeroporti S.p.A. is a subsidiary of Corporacion America Italia S.p.A.

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. has shown strong revenue growth and profitability, with robust EBIT and EBITDA margins. The balance sheet reflects a stable financial position, though rising debt levels warrant careful management. Cash flow generation is strong, supporting future investments.

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	66.62M	65.58M
Gross Profit	50.06M	33.55M	38.91M	17.28M	-14.55M	-494.00K
EBITDA	41.92M	42.03M	36.27M	16.82M	667.00K	-4.86M
Net Income	16.90M	17.10M	12.63M	4.67M	-4.86M	-12.60M
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	3.63M	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: 16.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 16.3 is above the 20-day moving average (MA) of 16.19, above the 50-day MA of 16.28, and above the 200-day MA of 15.45, indicating a bullish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 52.54 is Neutral, neither overbought nor oversold. The STOCH value of 95.83 is Negative, 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	72 Outperform	€303.38M	17.95		2.31%	7.88%	23.11%
Sector *	58 Neutral	HK$13.63B	5.51	-2.78%	5.71%	2.29%	-57.50%
ENV	―	€2.31B	20.96	9.96%	―	―	―
8WD	―	€304.83M	18.78	23.79%	―	―	―
AUTME	―	€11.88M	12.47		249.65%	―	―
RWY	―	€357.37M	20.24		―	―	―
SBC	―	€120.03M	39.89		―	―	―

Toscana Aeroporti S.p.A. Corporate Events

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.

Toscana Aeroporti S.p.A. Achieves Record Passenger Growth in June 2025

In June 2025, Toscana Aeroporti S.p.A. achieved a milestone by exceeding one million passengers for the first time, with a 7.1% increase compared to June 2024. The Florence and Pisa airports both recorded their best June ever, with Florence seeing a 9.4% growth in passengers and Pisa a 5.7% increase. This growth highlights the company’s strong positioning in the aviation industry and its role in boosting regional economic development.

Toscana Aeroporti Achieves Record Passenger Growth in May 2025

Toscana Aeroporti S.p.A. reported a record-breaking month in May 2025, with over 981 thousand passengers, marking a 10.2% increase from the previous year. Both Florence and Pisa airports experienced significant growth, with Florence seeing a 10.3% rise in passengers and Pisa a 10.1% increase. This growth underscores the company’s strong positioning in the industry and its role in regional economic development.

Dissolution of Shareholders’ Agreement for Corporación America Italia

The shareholders’ agreement between Dicasa Spain S.A.U. and Mataar Holdings 2 B.V. concerning Corporación America Italia S.p.A., the controlling company of Toscana Aeroporti, has been dissolved. This dissolution follows the transfer of Mataar’s entire stake in CAI to Dicasa, resulting in Dicasa holding 100% of CAI’s share capital, which may impact the company’s governance and strategic direction.

Toscana Aeroporti Releases Shareholders’ Meeting Minutes

Toscana Aeroporti S.p.A. announced the availability of the minutes from its Ordinary Shareholders’ Meeting held on April 29, 2025. This announcement underscores the company’s commitment to transparency and governance, providing stakeholders with insights into its operational decisions and strategic direction.

Toscana Aeroporti Reports Strong Q1 2025 Growth

Toscana Aeroporti S.p.A. reported a significant increase in passenger traffic and revenues for the first quarter of 2025, with over 1.6 million passengers and a 23.5% rise in revenues. Despite a negative group result due to seasonal factors, the company remains optimistic about future quarters, supported by increased investments in strategic projects like the Pisa terminal expansion and the Florence Master Plan. The company’s strong performance in passenger and cargo traffic positions it well for continued growth, with positive prospects for the summer season.