Stock TRN TERNA S.P.A.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Terna S.p.A.

Equities

TRN

IT0003242622

Electric Utilities

Market Closed - Borsa Italiana
Other stock markets
 11:44:59 2024-04-26 EDT 		5-day change 1st Jan Change
7.474 EUR +0.38% Intraday chart for Terna S.p.A. +0.65% -1.06%
04-24 Terna, Italy's electricity consumption falls slightly in March AN
04-23 CFO of Terna takes over 12,500 ordinary shares AN

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,967 12,554 14,277 13,839 15,152 14,991 - -
Enterprise Value (EV) 1 20,226 21,727 24,280 22,285 15,152 26,860 28,189 30,435
P/E ratio 15.8 x 16 x 18.1 x 16.2 x 17.1 x 15.3 x 15.8 x 14.7 x
Yield 4.19% 4.31% 4.09% 4.56% - 4.9% 4.98% 5.13%
Capitalization / Revenue 5.21 x 4.99 x 5.48 x 4.67 x 4.75 x 4.29 x 4.15 x 3.83 x
EV / Revenue 8.81 x 8.64 x 9.32 x 7.52 x 4.75 x 7.68 x 7.81 x 7.77 x
EV / EBITDA 11.6 x 11.9 x 13.1 x 10.8 x 6.99 x 11.1 x 11.4 x 11.1 x
EV / FCF 89.1 x -71.7 x -111 x 28.9 x - -29.4 x -19.4 x -21.5 x
FCF Yield 1.12% -1.39% -0.9% 3.46% - -3.41% -5.16% -4.65%
Price to Book 2.86 x 2.87 x 3.03 x 2.25 x - 2.23 x 2.09 x 1.98 x
Nbr of stocks (in thousands) 2,009,992 2,008,686 2,006,897 2,005,616 2,005,778 2,005,778 - -
Reference price 2 5.954 6.250 7.114 6.900 7.554 7.474 7.474 7.474
Announcement Date 20-03-10 21-03-24 22-03-17 23-03-22 24-03-19 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,295 2,514 2,605 2,964 3,187 3,495 3,608 3,918
EBITDA 1 1,741 1,830 1,855 2,059 2,169 2,429 2,472 2,752
EBIT 1 1,155 1,187 1,200 1,334 1,362 1,581 1,584 1,757
Operating Margin 50.33% 47.22% 46.08% 44.98% 42.75% 45.23% 43.89% 44.83%
Earnings before Tax (EBT) 1 1,077 1,093 1,122 1,233 1,245 1,373 1,355 1,441
Net income 1 757.3 786 789.4 857 885.4 982.9 954.1 1,019
Net margin 33% 31.26% 30.31% 28.91% 27.78% 28.12% 26.44% 26%
EPS 2 0.3770 0.3910 0.3930 0.4260 0.4410 0.4896 0.4722 0.5075
Free Cash Flow 1 227.1 -303 -218.6 771.2 - -915 -1,456 -1,415
FCF margin 9.89% -12.05% -8.39% 26.01% - -26.18% -40.35% -36.12%
FCF Conversion (EBITDA) 13.04% - - 37.45% - - - -
FCF Conversion (Net income) 29.99% - - 89.99% - - - -
Dividend per Share 2 0.2495 0.2695 0.2911 0.3144 - 0.3665 0.3719 0.3831
Announcement Date 20-03-10 21-03-24 22-03-17 23-03-22 24-03-19 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,295 1,183 1,259 642.9 703.2 644.4 686.4 1,331 661.6 972.1 712.5 772.5 1,485 761.8 939.9 831.6 896.7 885.1 901.3 -
EBITDA 1 - 876 910 463.4 480.9 461.3 485.6 946.9 465.3 647 500 519 1,019 537 612.6 601 - - - -
EBIT 1 - 573.7 585 297.7 317.9 293.7 313.7 607.4 288.9 437.2 313.4 325.6 639 340.7 382.6 393 - - - -
Operating Margin - 48.49% 46.47% 46.31% 45.21% 45.58% 45.7% 45.64% 43.67% 44.97% 43.99% 42.15% 43.03% 44.72% 40.71% 47.26% - - - -
Earnings before Tax (EBT) - 534.6 544 270.4 307.4 269.3 301.9 571.2 268.8 393.4 281.3 298.7 580 318.6 346 - - - - -
Net income - 377.5 385 195.8 209 191.8 206.3 398.1 188.8 270.1 200.2 210.8 411 230.3 244.1 - - - - -
Net margin - 31.91% 30.58% 30.46% 29.72% 29.76% 30.06% 29.91% 28.54% 27.79% 28.1% 27.29% 27.68% 30.23% 25.97% - - - - -
EPS - 0.1880 0.1920 - 0.1000 0.1000 0.1000 - 0.0900 - - - - - - - - - - -
Dividend per Share 2 - 0.0900 0.1000 - 0.2911 - 0.1100 - 0.1100 - - 0.1061 0.1061 - - 0.0949 0.0949 0.0949 0.0949 0.0965
Announcement Date 20-03-10 20-07-29 21-07-29 21-11-10 22-03-17 22-05-11 22-07-28 22-07-28 22-11-09 23-03-22 23-05-05 23-07-27 23-07-27 23-11-08 24-03-19 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,259 9,173 10,003 8,446 - 11,869 13,198 15,444
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.743 x 5.013 x 5.393 x 4.102 x - 4.887 x 5.339 x 5.613 x
Free Cash Flow 1 227 -303 -219 771 - -915 -1,456 -1,415
ROE (net income / shareholders' equity) 18.4% 18.2% 17.3% 15.8% - 15.2% 13.8% 13.9%
ROA (Net income/ Total Assets) 5.1% 5.14% 4.93% 3.8% - 4.1% 3.63% 3.72%
Assets 1 14,837 15,292 16,000 22,581 - 23,979 26,265 27,409
Book Value Per Share 2 2.080 2.180 2.350 3.060 - 3.350 3.580 3.770
Cash Flow per Share 2 0.7400 0.5200 0.6500 1.260 - 0.8300 0.8900 0.9900
Capex 1 1,264 1,351 1,521 1,757 - 2,611 3,094 3,288
Capex / Sales 55.07% 53.74% 58.38% 59.26% - 74.71% 85.75% 83.93%
Announcement Date 20-03-10 21-03-24 22-03-17 23-03-22 24-03-19 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Terna S.p.A.

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
7.474 EUR
Average target price
8.047 EUR
Spread / Average Target
+7.67%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Electric Utilities

1st Jan change Capi.
TERNA S.P.A. Stock Terna S.p.A.
-1.06% 16B
NEXTERA ENERGY Stock NextEra Energy
+8.64% 136B
SOUTHERN COMPANY Stock Southern Company
+4.41% 80.06B
IBERDROLA, S.A. Stock Iberdrola, S.A.
-2.19% 77.98B
DUKE ENERGY CORPORATION Stock Duke Energy Corporation
+0.69% 75.38B
ENEL S.P.A. Stock Enel S.p.A.
-8.92% 66.47B
CONSTELLATION ENERGY CORPORATION Stock Constellation Energy Corporation
+61.15% 59.36B
AMERICAN ELECTRIC POWER COMPANY, INC. Stock American Electric Power Company, Inc.
+4.97% 44.9B
DOMINION ENERGY, INC. Stock Dominion Energy, Inc.
+7.34% 42.26B
GE VERNOVA INC. Stock GE Vernova Inc.
0.00% 41.94B
Other Electric Utilities
  1. Stock Market
  2. Equities
  3. TRN Stock
  4. Financials Terna S.p.A.