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Terna Energy Societe Anonyme Commercial Technical

Market Cap

€1.4b

Last Updated

2021/05/07 16:22 UTC

Data Sources

Company Financials +

Executive Summary

Terna Energy Societe Anonyme Commercial Technical Company operates in the renewable energy sources (RES), construction, trading of electric energy, and concessions sectors in Greece, Balkans, Eastern Europe, and North America. More Details


Snowflake Analysis

Proven track record and fair value.

Share Price & News

How has Terna Energy Societe Anonyme Commercial Technical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TENERGY is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TENERGY's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-4.6%

TENERGY

-2.5%

GR Renewable Energy

0.2%

GR Market


1 Year Return

43.4%

TENERGY

43.3%

GR Renewable Energy

39.6%

GR Market

Return vs Industry: TENERGY exceeded the Greek Renewable Energy industry which returned 41.3% over the past year.

Return vs Market: TENERGY exceeded the Greek Market which returned 39.8% over the past year.


Shareholder returns

TENERGYIndustryMarket
7 Day-4.6%-2.5%0.2%
30 Day-3.1%-3.5%2.2%
90 Day-15.6%-14.6%15.2%
1 Year48.0%43.4%47.0%43.3%43.9%39.6%
3 Year172.1%134.2%82.5%69.0%12.7%3.7%
5 Year422.6%312.5%163.6%138.5%32.3%17.5%

Long-Term Price Volatility Vs. Market

How volatile is Terna Energy Societe Anonyme Commercial Technical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Terna Energy Societe Anonyme Commercial Technical undervalued compared to its fair value and its price relative to the market?

9.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TENERGY (€11.92) is trading below our estimate of fair value (€13.23)

Significantly Below Fair Value: TENERGY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TENERGY is good value based on its PE Ratio (18.7x) compared to the XE Renewable Energy industry average (33.8x).

PE vs Market: TENERGY is good value based on its PE Ratio (18.7x) compared to the Greek market (20x).


Price to Earnings Growth Ratio

PEG Ratio: TENERGY is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: TENERGY is overvalued based on its PB Ratio (2.9x) compared to the XE Renewable Energy industry average (2.2x).


Future Growth

How is Terna Energy Societe Anonyme Commercial Technical forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TENERGY's forecast earnings growth (18% per year) is above the savings rate (3.9%).

Earnings vs Market: TENERGY's earnings (18% per year) are forecast to grow slower than the Greek market (38.2% per year).

High Growth Earnings: TENERGY's earnings are forecast to grow, but not significantly.

Revenue vs Market: TENERGY's revenue (11.2% per year) is forecast to grow slower than the Greek market (11.9% per year).

High Growth Revenue: TENERGY's revenue (11.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TENERGY's Return on Equity is forecast to be low in 3 years time (19.5%).


Past Performance

How has Terna Energy Societe Anonyme Commercial Technical performed over the past 5 years?

29.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TENERGY has a large one-off gain of €29.7M impacting its December 31 2020 financial results.

Growing Profit Margin: TENERGY's current net profit margins (21.9%) are higher than last year (17.2%).


Past Earnings Growth Analysis

Earnings Trend: TENERGY's earnings have grown significantly by 29.2% per year over the past 5 years.

Accelerating Growth: TENERGY's earnings growth over the past year (39.4%) exceeds its 5-year average (29.2% per year).

Earnings vs Industry: TENERGY earnings growth over the past year (39.4%) exceeded the Renewable Energy industry 15%.


Return on Equity

High ROE: TENERGY's Return on Equity (14.8%) is considered low.


Financial Health

How is Terna Energy Societe Anonyme Commercial Technical's financial position?


Financial Position Analysis

Short Term Liabilities: TENERGY's short term assets (€482.1M) exceed its short term liabilities (€219.6M).

Long Term Liabilities: TENERGY's short term assets (€482.1M) do not cover its long term liabilities (€1.3B).


Debt to Equity History and Analysis

Debt Level: TENERGY's debt to equity ratio (192.5%) is considered high.

Reducing Debt: TENERGY's debt to equity ratio has increased from 141.9% to 192.5% over the past 5 years.

Debt Coverage: TENERGY's debt is not well covered by operating cash flow (18.9%).

Interest Coverage: TENERGY's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


Dividend

What is Terna Energy Societe Anonyme Commercial Technical current dividend yield, its reliability and sustainability?

1.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TENERGY's dividend (1.43%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (1.71%).

High Dividend: TENERGY's dividend (1.43%) is low compared to the top 25% of dividend payers in the Greek market (3.93%).


Stability and Growth of Payments

Stable Dividend: TENERGY's dividend payments have been volatile in the past 10 years.

Growing Dividend: TENERGY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.6%), TENERGY's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TENERGY's dividends in 3 years are forecast to be well covered by earnings (44.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average board tenure


CEO

Emmanuel Maragoudakis

no data

Tenure

Mr. Emmanuel Maragoudakis serves as the Chief Executive Officer and Managing Director of Terna Energy Societe Anonyme Commercial Technical Company (formerly known as Terna Energy S.A.). and also served as ...


Board Members

Experienced Board: TENERGY's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TENERGY insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.


Top Shareholders

Company Information

Terna Energy Societe Anonyme Commercial Technical Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Terna Energy Societe Anonyme Commercial Technical Company
  • Ticker: TENERGY
  • Exchange: ATSE
  • Founded: 1949
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: €1.387b
  • Shares outstanding: 115.76m
  • Website: https://www.terna-energy.com

Number of Employees


Location

  • Terna Energy Societe Anonyme Commercial Technical Company
  • 85 Mesogeion Avenue
  • Athens
  • 115 26
  • Greece

Listings


Biography

Terna Energy Societe Anonyme Commercial Technical Company operates in the renewable energy sources (RES), construction, trading of electric energy, and concessions sectors in Greece, Balkans, Eastern Europ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 16:22
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.