What is Telecom Italia S.p.A. (TIAIY)'s fair-value range?

EvidInvest reads Telecom Italia S.p.A. (TIAIY)'s market price back into the assumptions behind it — the implied P/E, growth rate and cash yield — using its latest filed financials, then lets you set your own. See the full DCF, Graham number, EPV and multiple-based methods at https://evidinvest.com/valuation/TIAIY.

How is Telecom Italia S.p.A. (TIAIY)'s fair value calculated?

Telecom Italia S.p.A. (TIAIY)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples such as PE and EV/EBITDA — using EvidInvest's standardized annual and quarterly statements for the company. P/B is optional for non-financial companies and included in the preset range for financial sectors.

Which filing are Telecom Italia S.p.A. (TIAIY)'s valuation inputs based on?

Inputs come from the FY2025 20-F. Source: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=TIAIY&type=10-K

Fair value · Telecom Italia S.p.A. (TIAIY) · updated 2026-10-28 · from 20-F FY2025

Telecom Italia S.p.A. trades at $8.85. We are not reading assumptions out of that price: this is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Name: Telecom Italia S.p.A. (TIAIY) valuation inputs and fair-value methods
Creator: EvidInvest
License: https://evidinvest.com/subscription-terms

Everything below is unaffected: the filed statements, the filing they came from, and TIAIY’s growth history are all as reported.

Check another stock

Inputs come from the FY2025 20-F; set your own on the sliders below. Research, not investment advice.

The filing behind these numbers

Telecom Italia S.p.A.

Revenue: EUR 13.2B
Diluted EPS: EUR 0.14
Free cash flow: EUR 828.0M; operating cash flow − capital expenditure
Diluted shares: 1.05B; weighted average

20-F FY2025 · fiscal year ended 2025-12-31 · filed 2025-12-31

Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q1 FY2026 (filed 2026-03-31).

Open the 20-F list on sec.gov

Valuation tool: build your own TIAIY range

Fair Value Summary

Daily Price — TIAIY

$8.35 +14.2% (1Y)

Your range0 of 7 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

The two ranges are identical because every input sits on a preset.

We don’t tell you what TIAIY is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has TIAIY’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Not solvable from the price — This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what TIAIY has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth60.0%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%90.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth5.0%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)8.07%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $50,094M · PV terminal $110,275M · EV $160,368M · equity $146,604M

Year	Stage	FCF	Present value
1	Stage 1	$1,557M	$1,441M
2	Stage 1	$2,491M	$2,133M
3	Stage 1	$3,985M	$3,158M
4	Stage 1	$6,377M	$4,675M
5	Stage 1	$10,203M	$6,921M
6	Stage 2	$10,713M	$6,725M
7	Stage 2	$11,248M	$6,534M
8	Stage 2	$11,811M	$6,348M
9	Stage 2	$12,401M	$6,168M
10	Stage 2	$13,021M	$5,992M

Inputs from the filing

Statements filed in EUR, converted to USD at the 2025-12-31 period-end rate (0.85106 EUR per USD; ECB reference rates).

Free cash flow: $240.3M; sum of the last four quarters
EBIT: $422.1M; latest annual
Shares: 1.05B
Total debt: $16.2B
Cash: $2.4B
Net debt: $13.8B; debt − cash

20-F FY2025 · period ended 2025-12-31 · filed 2025-12-31 · sec.gov

Prefer a blank slate with reverse DCF? Open the standalone DCF / reverse DCF for TIAIY

Loading history...

Telecom Italia S.p.A. trades at $8.85. We are not reading assumptions out of that price: this is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

The filing behind these numbers

Valuation tool: build your own TIAIY range

Daily Price — TIAIY

Your range0 of 7 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on TIAIY

Compare with peers

Explore

Valuation tool: build your own TIAIY range

Daily Price — TIAIY

Your range0 of 7 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on TIAIY

Compare with peers

Explore