Telecom Italia S.p.A (TQIR) - Net Assets
Based on the latest financial reports, Telecom Italia S.p.A (TQIR) has net assets worth €13.46 Billion EUR (≈ $15.73 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€36.73 Billion ≈ $42.95 Billion USD) and total liabilities (€23.28 Billion ≈ $27.22 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Telecom Italia S.p.A strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €13.46 Billion |
| % of Total Assets | 36.63% |
| Annual Growth Rate | -3.32% |
| 5-Year Change | -38.95% |
| 10-Year Change | -42.87% |
| Growth Volatility | 13.98 |
Telecom Italia S.p.A - Net Assets Trend (2013–2025)
This chart illustrates how Telecom Italia S.p.A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Telecom Italia S.p.A worth.
Annual Net Assets for Telecom Italia S.p.A (2013–2025)
The table below shows the annual net assets of Telecom Italia S.p.A from 2013 to 2025. Also explore Telecom Italia S.p.A equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €13.46 Billion ≈ $15.73 Billion |
+0.70% |
| 2024-12-31 | €13.36 Billion ≈ $15.62 Billion |
-23.71% |
| 2023-12-31 | €17.51 Billion ≈ $20.47 Billion |
-6.47% |
| 2022-12-31 | €18.73 Billion ≈ $21.89 Billion |
-15.04% |
| 2021-12-31 | €22.04 Billion ≈ $25.77 Billion |
-23.58% |
| 2020-12-31 | €28.84 Billion ≈ $33.72 Billion |
+27.46% |
| 2019-12-31 | €22.63 Billion ≈ $26.45 Billion |
+4.04% |
| 2018-12-31 | €21.75 Billion ≈ $25.42 Billion |
-8.56% |
| 2017-12-31 | €23.78 Billion ≈ $27.80 Billion |
+0.98% |
| 2016-12-31 | €23.55 Billion ≈ $27.54 Billion |
+10.84% |
| 2015-12-31 | €21.25 Billion ≈ $24.84 Billion |
-2.07% |
| 2014-12-31 | €21.70 Billion ≈ $25.37 Billion |
+7.50% |
| 2013-12-31 | €20.19 Billion ≈ $23.60 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Telecom Italia S.p.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 22200000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €12.22 Billion | 100.00% |
| Total Equity | €12.22 Billion | 100.00% |
Telecom Italia S.p.A Competitors by Market Cap
The table below lists competitors of Telecom Italia S.p.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yunnan Wenshan Electric Power Co Ltd
SHG:600995
|
$5.74 Billion |
|
MarketAxess Holdings Inc
NASDAQ:MKTX
|
$5.75 Billion |
|
NEXTDC Ltd
AU:NXT
|
$5.75 Billion |
|
Huali Industrial Group Company Limited
SHE:300979
|
$5.75 Billion |
|
Elisa Oyj
HE:ELISA
|
$5.74 Billion |
|
Mirum Pharmaceuticals Inc
NASDAQ:MIRM
|
$5.73 Billion |
|
Associated Banc-Corp
NYSE:ASB
|
$5.73 Billion |
|
Sectra AB (publ)
ST:SECT-B
|
$5.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Telecom Italia S.p.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,957,000,000 to 12,219,000,000, a change of 262,000,000 (2.2%).
- Net income of 297,000,000 contributed positively to equity growth.
- Dividend payments of 273,000,000 reduced retained earnings.
- Other factors increased equity by 238,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €297.00 Million | +2.43% |
| Dividends Paid | €273.00 Million | -2.23% |
| Other Changes | €238.00 Million | +1.95% |
| Total Change | €- | 2.19% |
Book Value vs Market Value Analysis
This analysis compares Telecom Italia S.p.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.80x to 1.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.02 | €0.81 | x |
| 2018-12-31 | €0.93 | €0.81 | x |
| 2019-12-31 | €0.96 | €0.81 | x |
| 2020-12-31 | €1.24 | €0.81 | x |
| 2021-12-31 | €0.82 | €0.81 | x |
| 2022-12-31 | €0.71 | €0.81 | x |
| 2023-12-31 | €0.64 | €0.81 | x |
| 2024-12-31 | €0.56 | €0.81 | x |
| 2025-12-31 | €0.57 | €0.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telecom Italia S.p.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.16%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 3.01x
- Recent ROE (2.43%) is above the historical average (-3.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -3.95% | -2.86% | 0.34x | 4.12x | €-2.38 Billion |
| 2014 | 7.44% | 6.21% | 0.30x | 3.94x | €-464.50 Million |
| 2015 | -0.40% | -0.35% | 0.28x | 4.06x | €-1.83 Billion |
| 2016 | 8.53% | 9.50% | 0.27x | 3.32x | €-312.70 Million |
| 2017 | 5.20% | 5.65% | 0.29x | 3.19x | €-1.03 Billion |
| 2018 | -7.23% | -7.45% | 0.29x | 3.36x | €-3.36 Billion |
| 2019 | 4.52% | 5.10% | 0.26x | 3.46x | €-1.11 Billion |
| 2020 | 27.56% | 45.71% | 0.22x | 2.79x | €4.60 Billion |
| 2021 | -49.68% | -56.49% | 0.22x | 3.97x | €-10.39 Billion |
| 2022 | -19.42% | -18.53% | 0.25x | 4.12x | €-4.43 Billion |
| 2023 | -10.56% | -10.07% | 0.23x | 4.56x | €-2.81 Billion |
| 2024 | -5.10% | -4.47% | 0.36x | 3.15x | €-1.81 Billion |
| 2025 | 2.43% | 2.16% | 0.37x | 3.01x | €-924.90 Million |
Industry Comparison
This section compares Telecom Italia S.p.A's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $353,143,024,112
- Average return on equity (ROE) among peers: -5.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Telecom Italia S.p.A (TQIR) | €13.46 Billion | -3.95% | 1.73x | $5.74 Billion |
| PLANETEL SPA (0A7) | $18.27 Million | 4.71% | 1.55x | $24.48 Million |
| LIBERTY LAT.AMER.A DL-01 (1LL) | $2.56 Billion | -6.68% | 4.31x | $327.86 Million |
| LIBERTY LAT.AMER.C DL-01 (1LLC) | $1.63 Billion | -42.40% | 6.87x | $1.36 Billion |
| 1&1 AG (1U1) | $5.89 Billion | 5.35% | 0.31x | $4.35 Billion |
| CHINA TOWER UNSP.ADR/100 (2Y10) | $193.59 Billion | 4.54% | 0.58x | $5.02 Billion |
| SOFTBANK CORP. ADR (3AG0) | $3.21 Trillion | 16.09% | 3.08x | $52.06 Billion |
| TELSTRA GROUP LTD SP.ADR (5KB) | $17.35 Billion | 9.35% | 1.63x | $37.53 Billion |
| VODACOM GROUP LTD. SP.ADR (5VD0) | $97.43 Billion | 17.21% | 1.34x | $15.26 Billion |
| EuroTeleSites AG (7YF) | $234.07 Million | 0.00% | 7.39x | $762.51 Million |
| Swissnet AG (81D) | $7.12 Million | -60.93% | 1.71x | $13.39 Million |
About Telecom Italia S.p.A
Telecom Italia S.p.A., together with its subsidiaries, engages in the fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers telephone and public telephony services, as well as products managed and developed for individuals and families; voice, data, and Internet services and products; and … Read more