Toscana Aeroporti S.p.A (TYA) Fair Value & Analysis
Industrials · IT · Market cap €347M
Fair value as of: Jul 21, 2026
From 25 valuation models · updated 20 days ago
Share price +0.3% over the past month.
A solid business, but screening 51% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (€16.96). The favourable scenario is already priced in.
- The model range is unusually wide (€6.19 to €16.96). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range €10.27 – €20.00 · fair‑value band €6.19 – €16.96 · the €18.95 price screens above the €9.37 fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Toscana Aeroporti S.p.A (TYA) currently trades at €18.95, while our model-based Fair Value estimate is €9.37, implying the stock looks roughly 50.6% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Toscana Aeroporti S.p.A generated revenue of €139M at a net margin of 13.0%. Revenue grew 8.9% year over year. It earns a return on equity of 15.9%. Net debt stands at €67.8M. Fundamentals as of Jul 21, 2026
Our scenario range runs from €6.19 (bear case) to €16.96 (bull case); at €18.95, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -29% fair-value upside, at -51%, TYA screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: Growth Earnings (€16.60) versus Asset-Based (€4.43). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 62
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full 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. The Aviation Business segment includes activities that take place in the airside area with security checkpoints and airport activity; offers ground assistance activities for passengers and aircraft, such as handling, landing, departure, and parking of aircraft, security, and safety activities; passenger embarkation and disembarkation; and cargo embarkation and disembarkation services. The Non-Aviation Business segments provides landside area for security checkpoints; retail activities, catering, parking, car rentals, advertising, ticketing, and VIP lounge; royalties on sub-concession activities; and direct management of activities, such as parking, ticketing, and advertising; and leases payments of sub-concessionaires. 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. operates as a subsidiary of Corporaciòn America Italia S.p.A.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Toscana Aeroporti S.p.A reported revenue of €150M in FY2025 versus €66.6M in FY2021, a compound +22.5%/yr. Reported net income was €16.1M in FY2025.
of which total revenue +3.9 pp · buybacks/dilution −6.7 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
TYA screens 51% overvalued. Compare with Aena S.M.E., S.A →
Peer Group
Airports & Air Services · 55 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Airports & Air Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Airports & Air Services stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Aena S.M.E., S.A AENA | €26.24 | €28.41 | +8% |
| Airports of Thailand Public Company TATD | 2.44 SGD | 1.25 SGD | -49% |
| Grupo Aeroportuario del Pacífico, S.A. PAC | $220.91 | $246.06 | +11% |
| GMR Airports Limited GMRINFRA | ₹112.80 | ₹22.29 | -80% |
| Flughafen Zürich AG FHZN | CHF 237.20 | CHF 121.30 | -49% |
| Shanghai International Airport Co 600009 | ¥24.08 | ¥17.09 | -29% |
| Auckland International Airport Limited AIA | A$7.11 | A$2.80 | -61% |
| Fraport AG FRA | €69.35 | €49.83 | -28% |
| Københavns Lufthavne A/S KBHL | kr 5,660 | kr 1,821 | -68% |
| SATS Ltd S58 | 4.82 SGD | 4.03 SGD | -16% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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