Terna Rete Elettrica Nazionale SpA

Chart & Performance

D1W1MN

P/E

51.78

P/S

14.68

EPS

0.44

Div Yield, %

1.41%

Shrs. gr., 5y

-0.04%

Rev. gr., 5y

6.56%

Revenues

3.15b

+8.83%

Net income

885m

+3.31%

CFO

1.08b

-53.31%

Dividend

Jun 25, 20240.77632 USD/sh

Earnings

May 06, 2025

Profile

Terna - Rete Elettrica Nazionale Società per Azioni, together with its subsidiaries, engages in the electricity transmission and dispatching activities in Italy, Euro-area countries, and internationally. The company operates through Regulated, Non-Regulated, and International segments. It is involved in the planning, development, management, operation, and maintenance of national transmission grid, electricity infrastructures, and high-voltage infrastructures. The company also offers telecommunications systems and equipment, connectivity services, energy solutions, and operation and maintenance services. In addition, it designs, produces, commercializes, and repairs power transformers for electricity transmission and distribution grids, industrial transformers for the steel and metals industries, and special transformers for convertors used in electrochemical production; designs, produces, and supplies marine and terrestrial cables; implements and develops renewable energy projects; and undertakes private interconnector projects, as well as owns the national transmission grid. The company was founded in 1999 and is headquartered in Rome, Italy.

URL

https://www.terna.it/

IPO date

Jan 01, 2004

Employees

5,696

Domiciled in

Incorporated in

Valuation

Order:

Title EUR in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title EUR in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	3,154,000 8.83%	2,898,100 14.35%	2,534,500 6.60%
Cost of revenue	577,200	1,515,100	1,320,900
Unusual Expense (Income)
NOPBT	2,576,800	1,383,000	1,213,600
NOPBT Margin	81.70%	47.72%	47.88%
Operating Taxes	364,300	355,400	317,900
Tax Rate	14.14%	25.70%	26.19%
NOPAT	2,212,500	1,027,600	895,700
Net income	885,400 3.31%	857,000 8.56%	789,400 0.50%
Dividends	(671,500)	(595,800)	(546,700)
Dividend yield	4.43%	4.30%	3.83%
Proceeds from repurchase of equity	(7,000)	979,000	(10,000)
BB yield	0.05%	-7.07%	0.07%
Debt
Debt current	2,700,000	2,353,400	3,587,000
Long-term debt	9,503,800	9,405,700	8,835,000
Deferred revenue		51,600	29,500
Other long-term liabilities	1,267,100	1,348,000	1,347,200
Net debt	9,935,800	8,774,300	9,521,700
Cash flow
Cash from operating activities	1,084,900	2,323,700	832,300
CAPEX	(2,265,000)	(1,704,700)	(1,475,000)
Cash from investing activities	(2,334,400)	(1,855,400)	(879,600)
Cash from financing activities	464,300	92,500	(1,035,500)
FCF	816,700	143,300	138,800
Balance
Cash	1,754,600	2,405,600	2,547,400
Long term investments	513,400	579,200	352,900
Excess cash	2,110,300	2,839,895	2,773,575
Stockholders' equity	6,353,100	5,189,600	4,712,500
Invested Capital	17,661,200	15,472,905	15,754,625
ROIC	13.35%	6.58%	5.95%
ROCE	13.03%	7.54%	6.54%
EV
Common stock shares outstanding	2,005,711	2,006,683	2,007,551
Price	7.55 9.42%	6.90 -3.01%	7.11 13.82%
Market cap	15,143,116 9.37%	13,846,115 -3.05%	14,281,716 13.72%
EV	25,097,816	22,647,515	23,834,516
EBITDA	3,352,500	2,100,400	1,869,600
EV/EBITDA	7.49	10.78	12.75
Interest	187,200	142,900	103,700
Interest/NOPBT	7.26%	10.33%	8.54%