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Rai Way SpA
F:4RW

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Rai Way SpA
F:4RW
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Price: 5.95 EUR 0.17% Market Closed
Market Cap: €1.6B

EV/EBITDA

8.9
Current
3%
More Expensive
vs 3-y average of 8.6

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.9
=
Enterprise Value
€1.6B
/
EBITDA
€186.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.9
=
Enterprise Value
€1.6B
/
EBITDA
€186.6m

Valuation Scenarios

Rai Way SpA is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (8.6), the stock would be worth €5.77 (3% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-58%
Maximum Upside
+3%
Average Downside
18%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.9 €5.95
0%
3-Year Average 8.6 €5.77
-3%
5-Year Average 9.1 €6.13
+3%
Industry Average 3.7 €2.51
-58%
Country Average 7.6 €5.09
-14%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€1.6B
/
Jan 2026
€186.6m
=
8.9
Current
€1.6B
/
Dec 2026
€196.7m
=
8
Forward
€1.6B
/
Dec 2027
€208m
=
7.6
Forward
€1.6B
/
Dec 2028
€216.7m
=
7.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IT
Rai Way SpA
F:4RW
1.6B EUR 8.9 18.6
US
Fox Corp
NASDAQ:FOXA
27.7B USD 9.1 14.6
US
ViacomCBS Inc
LSE:0A65
24.3B USD 11.3 -39.2
US
Paramount Global
NASDAQ:PARA
7.4B USD 6.2 -1.4
LU
RTL Group SA
XETRA:RRTL
5.8B EUR 12.5 6
US
Nexstar Media Group Inc
NASDAQ:NXST
6.1B USD 7.4 67.4
JP
TBS Holdings Inc
TSE:9401
911.3B JPY 21.5 16.3
JP
Nippon Television Holdings Inc
TSE:9404
781.8B JPY 7.1 12.4
UK
ITV PLC
LSE:ITV
3.1B GBP 6 13.9
JP
Fuji Media Holdings Inc
TSE:4676
601B JPY 157.4 -48.2
SA
MBC Group CJSC
SAU:4072
12.8B SAR 19.4 25.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IT
Rai Way SpA
F:4RW
Average EV/EBITDA: 24.2
8.9
5%
1.8
US
Fox Corp
NASDAQ:FOXA
9.1
0%
N/A
US
V
ViacomCBS Inc
LSE:0A65
11.3
11%
1
US
Paramount Global
NASDAQ:PARA
6.2
-6%
N/A
LU
RTL Group SA
XETRA:RRTL
12.5
32%
0.4
US
Nexstar Media Group Inc
NASDAQ:NXST
7.4
7%
1.1
JP
TBS Holdings Inc
TSE:9401
21.5
9%
2.4
JP
N
Nippon Television Holdings Inc
TSE:9404
7.1
7%
1
UK
ITV PLC
LSE:ITV
6
2%
3
JP
Fuji Media Holdings Inc
TSE:4676
157.4
16%
9.8
SA
M
MBC Group CJSC
SAU:4072
19.4
54%
0.4
P/E Multiple
Earnings Growth PEG
IT
Rai Way SpA
F:4RW
Average P/E: 21.8
18.6
3%
6.2
US
Fox Corp
NASDAQ:FOXA
14.6
-1%
N/A
US
V
ViacomCBS Inc
LSE:0A65
Negative Multiple: -39.2 N/A N/A
US
Paramount Global
NASDAQ:PARA
Negative Multiple: -1.4 N/A N/A
LU
RTL Group SA
XETRA:RRTL
6
-24%
N/A
US
Nexstar Media Group Inc
NASDAQ:NXST
67.4
115%
0.6
JP
TBS Holdings Inc
TSE:9401
16.3
7%
2.3
JP
N
Nippon Television Holdings Inc
TSE:9404
12.4
14%
0.9
UK
ITV PLC
LSE:ITV
13.9
20%
0.7
JP
Fuji Media Holdings Inc
TSE:4676
Negative Multiple: -48.2 N/A N/A
SA
M
MBC Group CJSC
SAU:4072
25.5
15%
1.7

Market Distribution

In line with most companies in Italy
Percentile
59th
Based on 875 companies
59th percentile
9.1
Low
0.7 — 5.2
Typical Range
5.2 — 10.8
High
10.8 —
Distribution Statistics
Italy
Min 0.7
30th Percentile 5.2
Median 7.6
70th Percentile 10.8
Max 3 328.6

Rai Way SpA
Glance View

Rai Way SpA exemplifies an intriguing chapter in Italy's rich broadcasting history, playing a crucial role in the country's communications infrastructure. Emerging from its parent, RAI, Italy's national public broadcasting company, Rai Way was carved out to manage and optimize the extensive network of towers and transmission equipment required to broadcast television and radio content. This spinoff focused on leveraging the strengths of RAI's assets by creating a specialized entity capable of independently operating, maintaining, and expanding its broadcast transmission capabilities. The strategic foresight aimed at adapting to a rapidly evolving media landscape underscores Rai Way's inception, as it adeptly balances traditional broadcasting methods while gradually embracing digital transformation. Rai Way generates revenue by leasing its broadcast infrastructure to multiple clients, including its parent company, RAI, along with other broadcasters and telecommunications operators. This business model not only stabilizes cash flow through contractual agreements but also opens opportunities for growth through increasing demand for bandwidth and digital services. The company also capitalizes on its technical expertise by offering services encompassing site management, maintenance, and decryption facilities, thus maintaining high service quality and reliability. With its strategic approach, Rai Way serves as a critical hub in Italy's broadcasting ecosystem, supporting the dissemination of content across a myriad of channels and fostering a robust digital future for communication networks.

4RW Intrinsic Value
5.07 EUR
Overvaluation 15%
Intrinsic Value
Price €5.95
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