IFSUF - Inwit: Solid Dividend Growth Projections All The Way To 2030

2025-03-29 11:40:00 ET

Summary

• Inwit, a major European cell tower operator, boasts 25,000 sites and 60,000 tenants, with strong financials and a realistic 2030 growth plan.
• The company generated 621M EUR in recurring free cash flow in 2024, translating to a 6.7% yield, making it attractive compared to government bonds.
• Inwit plans to invest 1.5B EUR in capex by 2030, focusing on land acquisition to reduce lease expenses and enhance financial flexibility.
• With a projected dividend yield of 7.4% by 2030 and a robust free cash flow, Inwit presents a compelling long-term investment opportunity.

Introduction

Infrastrutture Wireless Italiane ( IFSUF ) (abbreviated to "Inwit") is A large European cell phone tower operator with approximately 25,000 tower sites, servicing almost 60,000 tenants (thanks to its healthy tenancy ratio of 2.32 tenants per tower). The company is in a good financial position and its recently announced 2030 growth plan looks quite realistic. The company’s main tenants are Telecom Italia ( TIMB ) and Vodafone Italy ( VOD ). ...

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