View Future GrowthTerna 過去の業績過去 基準チェック /26Ternaは、平均年間7.5%の収益成長を遂げていますが、 Electric Utilities業界の収益は、年間 成長しています。収益は、平均年間16.2% 11.1%収益成長率で 成長しています。 Ternaの自己資本利益率は12.5%であり、純利益率は26%です。主要情報7.54%収益成長率7.25%EPS成長率Electric Utilities 業界の成長7.32%収益成長率11.05%株主資本利益率12.50%ネット・マージン25.96%次回の業績アップデート29 Jul 2026最近の業績更新お知らせ • Jan 30+ 3 more updatesTerna S.p.A. to Report First Half, 2026 Results on Jul 29, 2026Terna S.p.A. announced that they will report first half, 2026 results on Jul 29, 2026お知らせ • Jan 23+ 3 more updatesTerna S.p.A. to Report Fiscal Year 2024 Results on Mar 25, 2025Terna S.p.A. announced that they will report fiscal year 2024 results on Mar 25, 2025Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €893.0m (up 17% from 3Q 2023). Net income: €267.8m (up 19% from 3Q 2023). Profit margin: 30% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: €0.14 (vs €0.10 in 2Q 2023)Second quarter 2024 results: EPS: €0.14 (up from €0.10 in 2Q 2023). Revenue: €886.1m (up 17% from 2Q 2023). Net income: €276.6m (up 31% from 2Q 2023). Profit margin: 31% (up from 28% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.Reported Earnings • May 09First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: €858.1m (up 20% from 1Q 2023). Net income: €268.2m (up 34% from 1Q 2023). Profit margin: 31% (up from 28% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €3.19b (up 9.0% from FY 2022). Net income: €882.9m (flat on FY 2022). Profit margin: 28% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.すべての更新を表示Recent updatesDeclared Dividend • May 20Dividend of €0.28 announcedDividend of €0.28 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 3.9%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 06Terna S.p.A., Annual General Meeting, May 12, 2026Terna S.p.A., Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Location: piazza giuseppe frua n 2, roma Italyお知らせ • Jan 30+ 3 more updatesTerna S.p.A. to Report First Half, 2026 Results on Jul 29, 2026Terna S.p.A. announced that they will report first half, 2026 results on Jul 29, 2026お知らせ • Nov 14+ 1 more updateTerna S.P.A. Provides Earnings Guidance for the Full Year 2025Terna S.p.A. provided earnings guidance for the full year 2025. For the year, the company expects revenues of EUR 4.03 billion and EBITDA of EUR 2.7 billion and a net profit of EUR 1.08 billion.お知らせ • Oct 24Terna Reportedly Mulls Options Including Stake Sale in EUR 25 Billion GridTerna S.p.A. (BIT:TRN) is evaluating options including the sale of a minority stake in Italy’s electricity grid, to pay for new projects and reduce debt, people familiar with the matter said. The state-controlled company is studying ways to fund an aggressive investment plan aimed at renewing and strengthening its Italian network, said the people, who asked not to be named discussing private conversations. The process could lead to teaming up with a financial partner, the people said. Terna estimates the value of its regulated assets will reach EUR 24.8 billion ($27.8 billion) by the end of this year as Chief Executive Officer Giuseppina Di Foggia pursues her investment program. The process of studying options is at an early stage, the people said. While the company is working with advisers, the plan is fluid, they added, cautioning that a transaction may not happen in the end. Shares of Terna reversed earlier losses to rise as much as 0.6% in Milan following Bloomberg’s report. The stock has advanced 18% this year. The company constantly analyzes financial instruments that can be used to develop the grid, and reflects those decisions in its industrial plan, a representative said. Terna declined to comment on any specific plans for a stake sale, saying it wouldn’t discuss “rumors or speculation”.お知らせ • Jan 23+ 3 more updatesTerna S.p.A. to Report Fiscal Year 2024 Results on Mar 25, 2025Terna S.p.A. announced that they will report fiscal year 2024 results on Mar 25, 2025Declared Dividend • Nov 10Dividend of €0.12 announcedShareholders will receive a dividend of €0.12. Ex-date: 18th November 2024 Payment date: 20th November 2024 Dividend yield will be 4.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €893.0m (up 17% from 3Q 2023). Net income: €267.8m (up 19% from 3Q 2023). Profit margin: 30% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: €0.14 (vs €0.10 in 2Q 2023)Second quarter 2024 results: EPS: €0.14 (up from €0.10 in 2Q 2023). Revenue: €886.1m (up 17% from 2Q 2023). Net income: €276.6m (up 31% from 2Q 2023). Profit margin: 31% (up from 28% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.Buy Or Sell Opportunity • Jul 01Now 20% overvaluedOver the last 90 days, the stock has fallen 3.7% to €7.27. The fair value is estimated to be €6.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period.Buy Or Sell Opportunity • Jun 28Now 20% overvaluedOver the last 90 days, the stock has fallen 1.1% to €7.44. The fair value is estimated to be €6.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period.Upcoming Dividend • Jun 17Upcoming dividend of €0.23 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%).Buy Or Sell Opportunity • Jun 13Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 4.0% to €7.82. The fair value is estimated to be €6.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.Reported Earnings • May 09First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: €858.1m (up 20% from 1Q 2023). Net income: €268.2m (up 34% from 1Q 2023). Profit margin: 31% (up from 28% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.Buy Or Sell Opportunity • Apr 17Now 20% overvaluedOver the last 90 days, the stock has fallen 6.9% to €7.15. The fair value is estimated to be €5.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 3.9% per annum over the same time period.Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €3.19b (up 9.0% from FY 2022). Net income: €882.9m (flat on FY 2022). Profit margin: 28% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.Declared Dividend • Feb 05Dividend of €0.21 announcedDividend of €0.21 is the same as last year. Ex-date: 24th June 2024 Payment date: 26th June 2024 Dividend yield will be 4.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 30+ 4 more updatesTerna S.p.A., Annual General Meeting, May 10, 2024Terna S.p.A., Annual General Meeting, May 10, 2024.Reported Earnings • Nov 09Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €761.8m (up 15% from 3Q 2022). Net income: €226.0m (up 20% from 3Q 2022). Profit margin: 30% (up from 28% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Electric Utilities industry in Europe.Reported Earnings • Jul 30Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €773.5m (up 13% from 2Q 2022). Net income: €213.3m (up 3.4% from 2Q 2022). Profit margin: 28% (down from 30% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Electric Utilities industry in Europe.Upcoming Dividend • Jun 12Upcoming dividend of €0.21 per share at 4.0% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%).Reported Earnings • May 07First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: €712.5m (up 11% from 1Q 2022). Net income: €200.7m (up 4.0% from 1Q 2022). Profit margin: 28% (down from 30% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 24Full year 2022 earnings releasedFull year 2022 results: Revenue: €2.96b (up 16% from FY 2021). Net income: €877.0m (up 11% from FY 2021). Profit margin: 30% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.7% decline forecast for the Electric Utilities industry in Europe.お知らせ • Jan 31+ 2 more updatesTerna - Rete Elettrica Nazionale Società per Azioni to Report First Half, 2023 Results on Jul 27, 2023Terna - Rete Elettrica Nazionale Società per Azioni announced that they will report first half, 2023 results on Jul 27, 2023お知らせ • Jan 06Terna - Rete Elettrica Nazionale Società per Azioni (BIT:TRN) signed an agreement to acquire Edyna Transmission Srl from Alperia S.p.A. for approximately €14 million.Terna - Rete Elettrica Nazionale Società per Azioni (BIT:TRN) signed an agreement to acquire Edyna Transmission Srl from Alperia S.p.A. for approximately €14 million on January 5, 2023. The agreement is subject to the fulfilment of certain conditions precedent.Reported Earnings • Nov 12Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.094. Revenue: €661.6m (up 2.9% from 3Q 2021). Net income: €188.8m (down 3.6% from 3Q 2021). Profit margin: 28% (down from 31% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.Reported Earnings • Jul 30Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €686.4m (up 7.8% from 2Q 2021). Net income: €206.3m (up 6.2% from 2Q 2021). Profit margin: 30% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 3.9%, compared to a 3.1% growth forecast for the industry in Germany.Upcoming Dividend • Jun 13Upcoming dividend of €0.19 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.4%). In line with average of industry peers (4.3%).Reported Earnings • May 13First quarter 2022 earnings releasedFirst quarter 2022 results: EPS: €0.096. Revenue: €644.4m (up 3.6% from 1Q 2021). Net income: €191.8m (flat on 1Q 2021). Profit margin: 30% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 5.5% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.39 (up from €0.39 in FY 2020). Revenue: €2.60b (up 4.9% from FY 2020). Net income: €789.4m (flat on FY 2020). Profit margin: 30% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is expected to shrink by 2.1% compared to a 2.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to €7.63, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.48 per share.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS €0.098The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: €642.9m (up 7.6% from 3Q 2020). Net income: €195.8m (up 2.2% from 3Q 2020). Profit margin: 31% (down from 32% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 02Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €636.9m (up 3.5% from 2Q 2020). Net income: €194.2m (up 1.7% from 2Q 2020). Profit margin: 31% (in line with 2Q 2020).Upcoming Dividend • Jun 15Upcoming dividend of €0.18 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 4.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.7%).Reported Earnings • May 13First quarter 2021 earnings releasedThe company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: €621.8m (up 9.6% from 1Q 2020). Net income: €190.4m (up 2.0% from 1Q 2020). Profit margin: 31% (down from 33% in 1Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Mar 26Full year 2020 earnings released: EPS €0.39 (vs €0.38 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: €2.51b (up 8.6% from FY 2019). Net income: €786.0m (up 3.8% from FY 2019). Profit margin: 31% (down from 33% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year.Is New 90 Day High Low • Feb 20New 90-day low: €5.90The company is down 6.0% from its price of €6.30 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.66 per share.Upcoming Dividend • Nov 16Upcoming Dividend of €0.91 Per ShareWill be paid on the 25th of November to those who are registered shareholders by the 23rd of November. The trailing yield of 4.0% is in the top quartile of German dividend payers (3.7%), and it is in line with industry peers (3.7%).Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 2.7%, compared to a 18% growth forecast for the Electric Utilities industry in Germany.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.095The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: €597.5m (up 5.2% from 3Q 2019). Net income: €191.6m (up 3.1% from 3Q 2019). Profit margin: 32% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.Is New 90 Day High Low • Oct 30New 90-day low: €5.74The company is down 7.0% from its price of €6.20 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.69 per share.Is New 90 Day High Low • Sep 24New 90-day low: €5.85The company is down 3.0% from its price of €6.05 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.70 per share.収支内訳Terna の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史DB:UEI 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Mar 264,0971,064464031 Dec 254,0101,063456030 Sep 253,8901,078445030 Jun 253,7951,081444031 Mar 253,7041,054430031 Dec 243,6611,050420030 Sep 243,5541,054386030 Jun 243,4231,016375031 Mar 243,300954379031 Dec 233,154883381030 Sep 233,179917381030 Jun 233,079881373031 Mar 232,993885363031 Dec 222,924877355030 Sep 222,668823329030 Jun 222,640826327031 Mar 222,594805316031 Dec 212,565802308030 Sep 212,506797305030 Jun 212,470793298031 Mar 212,445789303031 Dec 202,397786297030 Sep 202,430774286030 Jun 202,400768282031 Mar 202,346758270031 Dec 192,315757268030 Sep 192,356718270030 Jun 192,331713267031 Mar 192,310710270031 Dec 182,296707262030 Sep 182,236701254030 Jun 182,219697252031 Mar 182,201692248031 Dec 172,201688252030 Sep 172,065675262030 Jun 172,051660261031 Mar 172,107650259031 Dec 162,045633252030 Sep 162,209620250030 Jun 162,157603248031 Mar 162,009585243031 Dec 152,026588245030 Sep 151,948571242030 Jun 151,9475692480質の高い収益: UEIは 高品質の収益 を持っています。利益率の向上: UEIの現在の純利益率 (26%)は、昨年(28.5%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: UEIの収益は過去 5 年間で年間7.5%増加しました。成長の加速: UEIの過去 1 年間の収益成長率 ( 0.9% ) は、5 年間の平均 ( 年間7.5%を下回っています。収益対業界: UEIの過去 1 年間の収益成長率 ( 0.9% ) Electric Utilities業界2.8%を上回りませんでした。株主資本利益率高いROE: UEIの 自己資本利益率 ( 12.5% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YUtilities 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 02:27終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Terna S.p.A. 18 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。37 アナリスト機関Francesco SalaBanca Akros S.p.A. (ESN)Tommaso MarabiniBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)34 その他のアナリストを表示
お知らせ • Jan 30+ 3 more updatesTerna S.p.A. to Report First Half, 2026 Results on Jul 29, 2026Terna S.p.A. announced that they will report first half, 2026 results on Jul 29, 2026
お知らせ • Jan 23+ 3 more updatesTerna S.p.A. to Report Fiscal Year 2024 Results on Mar 25, 2025Terna S.p.A. announced that they will report fiscal year 2024 results on Mar 25, 2025
Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €893.0m (up 17% from 3Q 2023). Net income: €267.8m (up 19% from 3Q 2023). Profit margin: 30% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.
Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: €0.14 (vs €0.10 in 2Q 2023)Second quarter 2024 results: EPS: €0.14 (up from €0.10 in 2Q 2023). Revenue: €886.1m (up 17% from 2Q 2023). Net income: €276.6m (up 31% from 2Q 2023). Profit margin: 31% (up from 28% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.
Reported Earnings • May 09First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: €858.1m (up 20% from 1Q 2023). Net income: €268.2m (up 34% from 1Q 2023). Profit margin: 31% (up from 28% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €3.19b (up 9.0% from FY 2022). Net income: €882.9m (flat on FY 2022). Profit margin: 28% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
Declared Dividend • May 20Dividend of €0.28 announcedDividend of €0.28 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 3.9%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 06Terna S.p.A., Annual General Meeting, May 12, 2026Terna S.p.A., Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Location: piazza giuseppe frua n 2, roma Italy
お知らせ • Jan 30+ 3 more updatesTerna S.p.A. to Report First Half, 2026 Results on Jul 29, 2026Terna S.p.A. announced that they will report first half, 2026 results on Jul 29, 2026
お知らせ • Nov 14+ 1 more updateTerna S.P.A. Provides Earnings Guidance for the Full Year 2025Terna S.p.A. provided earnings guidance for the full year 2025. For the year, the company expects revenues of EUR 4.03 billion and EBITDA of EUR 2.7 billion and a net profit of EUR 1.08 billion.
お知らせ • Oct 24Terna Reportedly Mulls Options Including Stake Sale in EUR 25 Billion GridTerna S.p.A. (BIT:TRN) is evaluating options including the sale of a minority stake in Italy’s electricity grid, to pay for new projects and reduce debt, people familiar with the matter said. The state-controlled company is studying ways to fund an aggressive investment plan aimed at renewing and strengthening its Italian network, said the people, who asked not to be named discussing private conversations. The process could lead to teaming up with a financial partner, the people said. Terna estimates the value of its regulated assets will reach EUR 24.8 billion ($27.8 billion) by the end of this year as Chief Executive Officer Giuseppina Di Foggia pursues her investment program. The process of studying options is at an early stage, the people said. While the company is working with advisers, the plan is fluid, they added, cautioning that a transaction may not happen in the end. Shares of Terna reversed earlier losses to rise as much as 0.6% in Milan following Bloomberg’s report. The stock has advanced 18% this year. The company constantly analyzes financial instruments that can be used to develop the grid, and reflects those decisions in its industrial plan, a representative said. Terna declined to comment on any specific plans for a stake sale, saying it wouldn’t discuss “rumors or speculation”.
お知らせ • Jan 23+ 3 more updatesTerna S.p.A. to Report Fiscal Year 2024 Results on Mar 25, 2025Terna S.p.A. announced that they will report fiscal year 2024 results on Mar 25, 2025
Declared Dividend • Nov 10Dividend of €0.12 announcedShareholders will receive a dividend of €0.12. Ex-date: 18th November 2024 Payment date: 20th November 2024 Dividend yield will be 4.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €893.0m (up 17% from 3Q 2023). Net income: €267.8m (up 19% from 3Q 2023). Profit margin: 30% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.
Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: €0.14 (vs €0.10 in 2Q 2023)Second quarter 2024 results: EPS: €0.14 (up from €0.10 in 2Q 2023). Revenue: €886.1m (up 17% from 2Q 2023). Net income: €276.6m (up 31% from 2Q 2023). Profit margin: 31% (up from 28% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.
Buy Or Sell Opportunity • Jul 01Now 20% overvaluedOver the last 90 days, the stock has fallen 3.7% to €7.27. The fair value is estimated to be €6.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period.
Buy Or Sell Opportunity • Jun 28Now 20% overvaluedOver the last 90 days, the stock has fallen 1.1% to €7.44. The fair value is estimated to be €6.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period.
Upcoming Dividend • Jun 17Upcoming dividend of €0.23 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%).
Buy Or Sell Opportunity • Jun 13Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 4.0% to €7.82. The fair value is estimated to be €6.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.
Reported Earnings • May 09First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: €858.1m (up 20% from 1Q 2023). Net income: €268.2m (up 34% from 1Q 2023). Profit margin: 31% (up from 28% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
Buy Or Sell Opportunity • Apr 17Now 20% overvaluedOver the last 90 days, the stock has fallen 6.9% to €7.15. The fair value is estimated to be €5.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 3.9% per annum over the same time period.
Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €3.19b (up 9.0% from FY 2022). Net income: €882.9m (flat on FY 2022). Profit margin: 28% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
Declared Dividend • Feb 05Dividend of €0.21 announcedDividend of €0.21 is the same as last year. Ex-date: 24th June 2024 Payment date: 26th June 2024 Dividend yield will be 4.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 30+ 4 more updatesTerna S.p.A., Annual General Meeting, May 10, 2024Terna S.p.A., Annual General Meeting, May 10, 2024.
Reported Earnings • Nov 09Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €761.8m (up 15% from 3Q 2022). Net income: €226.0m (up 20% from 3Q 2022). Profit margin: 30% (up from 28% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Electric Utilities industry in Europe.
Reported Earnings • Jul 30Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €773.5m (up 13% from 2Q 2022). Net income: €213.3m (up 3.4% from 2Q 2022). Profit margin: 28% (down from 30% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Electric Utilities industry in Europe.
Upcoming Dividend • Jun 12Upcoming dividend of €0.21 per share at 4.0% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%).
Reported Earnings • May 07First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: €712.5m (up 11% from 1Q 2022). Net income: €200.7m (up 4.0% from 1Q 2022). Profit margin: 28% (down from 30% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 24Full year 2022 earnings releasedFull year 2022 results: Revenue: €2.96b (up 16% from FY 2021). Net income: €877.0m (up 11% from FY 2021). Profit margin: 30% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.7% decline forecast for the Electric Utilities industry in Europe.
お知らせ • Jan 31+ 2 more updatesTerna - Rete Elettrica Nazionale Società per Azioni to Report First Half, 2023 Results on Jul 27, 2023Terna - Rete Elettrica Nazionale Società per Azioni announced that they will report first half, 2023 results on Jul 27, 2023
お知らせ • Jan 06Terna - Rete Elettrica Nazionale Società per Azioni (BIT:TRN) signed an agreement to acquire Edyna Transmission Srl from Alperia S.p.A. for approximately €14 million.Terna - Rete Elettrica Nazionale Società per Azioni (BIT:TRN) signed an agreement to acquire Edyna Transmission Srl from Alperia S.p.A. for approximately €14 million on January 5, 2023. The agreement is subject to the fulfilment of certain conditions precedent.
Reported Earnings • Nov 12Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.094. Revenue: €661.6m (up 2.9% from 3Q 2021). Net income: €188.8m (down 3.6% from 3Q 2021). Profit margin: 28% (down from 31% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
Reported Earnings • Jul 30Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €686.4m (up 7.8% from 2Q 2021). Net income: €206.3m (up 6.2% from 2Q 2021). Profit margin: 30% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 3.9%, compared to a 3.1% growth forecast for the industry in Germany.
Upcoming Dividend • Jun 13Upcoming dividend of €0.19 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.4%). In line with average of industry peers (4.3%).
Reported Earnings • May 13First quarter 2022 earnings releasedFirst quarter 2022 results: EPS: €0.096. Revenue: €644.4m (up 3.6% from 1Q 2021). Net income: €191.8m (flat on 1Q 2021). Profit margin: 30% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 5.5% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.39 (up from €0.39 in FY 2020). Revenue: €2.60b (up 4.9% from FY 2020). Net income: €789.4m (flat on FY 2020). Profit margin: 30% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is expected to shrink by 2.1% compared to a 2.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to €7.63, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.48 per share.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS €0.098The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: €642.9m (up 7.6% from 3Q 2020). Net income: €195.8m (up 2.2% from 3Q 2020). Profit margin: 31% (down from 32% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 02Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €636.9m (up 3.5% from 2Q 2020). Net income: €194.2m (up 1.7% from 2Q 2020). Profit margin: 31% (in line with 2Q 2020).
Upcoming Dividend • Jun 15Upcoming dividend of €0.18 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 4.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.7%).
Reported Earnings • May 13First quarter 2021 earnings releasedThe company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: €621.8m (up 9.6% from 1Q 2020). Net income: €190.4m (up 2.0% from 1Q 2020). Profit margin: 31% (down from 33% in 1Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Mar 26Full year 2020 earnings released: EPS €0.39 (vs €0.38 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: €2.51b (up 8.6% from FY 2019). Net income: €786.0m (up 3.8% from FY 2019). Profit margin: 31% (down from 33% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year.
Is New 90 Day High Low • Feb 20New 90-day low: €5.90The company is down 6.0% from its price of €6.30 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.66 per share.
Upcoming Dividend • Nov 16Upcoming Dividend of €0.91 Per ShareWill be paid on the 25th of November to those who are registered shareholders by the 23rd of November. The trailing yield of 4.0% is in the top quartile of German dividend payers (3.7%), and it is in line with industry peers (3.7%).
Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 2.7%, compared to a 18% growth forecast for the Electric Utilities industry in Germany.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.095The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: €597.5m (up 5.2% from 3Q 2019). Net income: €191.6m (up 3.1% from 3Q 2019). Profit margin: 32% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.
Is New 90 Day High Low • Oct 30New 90-day low: €5.74The company is down 7.0% from its price of €6.20 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.69 per share.
Is New 90 Day High Low • Sep 24New 90-day low: €5.85The company is down 3.0% from its price of €6.05 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.70 per share.