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TENE

Terna Energy Societe Anonyme Commercial Technical ATSE:TENERGY Stock Report

Last Price

€18.00

Market Cap

€2.0b

7D

6.0%

1Y

55.4%

Updated

18 Aug, 2022

Data

Company Financials +
TENERGY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance3/6
Financial Health2/6
Dividends2/6

TENERGY Stock Overview

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.

Terna Energy Societe Anonyme Commercial Technical Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Terna Energy Societe Anonyme Commercial Technical
Historical stock prices
Current Share Price€18.00
52 Week High€19.68
52 Week Low€11.14
Beta0.53
1 Month Change5.88%
3 Month Change6.83%
1 Year Change55.44%
3 Year Change144.90%
5 Year Change350.00%
Change since IPO116.00%

Recent News & Updates

Jul 01
Is Terna Energy Societe Anonyme Commercial Technical (ATH:TENERGY) A Risky Investment?

Is Terna Energy Societe Anonyme Commercial Technical (ATH:TENERGY) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

May 12
Analysts Are Betting On Terna Energy Societe Anonyme Commercial Technical Company (ATH:TENERGY) With A Big Upgrade This Week

Analysts Are Betting On Terna Energy Societe Anonyme Commercial Technical Company (ATH:TENERGY) With A Big Upgrade This Week

Celebrations may be in order for Terna Energy Societe Anonyme Commercial Technical Company ( ATH:TENERGY...

Shareholder Returns

TENERGYGR Renewable EnergyGR Market
7D6.0%1.2%1.8%
1Y55.4%6.5%2.4%

Return vs Industry: TENERGY exceeded the Greek Renewable Energy industry which returned 6.5% over the past year.

Return vs Market: TENERGY exceeded the Greek Market which returned 2.4% over the past year.

Price Volatility

Is TENERGY's price volatile compared to industry and market?
TENERGY volatility
TENERGY Average Weekly Movement4.3%
Renewable Energy Industry Average Movement5.2%
Market Average Movement4.8%
10% most volatile stocks in GR Market7.1%
10% least volatile stocks in GR Market2.8%

Stable Share Price: TENERGY is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TENERGY's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1949338Emmanuel Maragoudakishttps://www.terna-energy.com

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. The company constructs, exploits, and installs renewable sources of wind and hydroelectric energy, photovoltaic parks. It also owns and operates wind parks, hydroelectric projects, pumped storage, hybrid stations, and photovoltaics, as well as PPP waste management projects, the production of biofuels, soil conditioners and other products.

Terna Energy Societe Anonyme Commercial Technical Fundamentals Summary

How do Terna Energy Societe Anonyme Commercial Technical's earnings and revenue compare to its market cap?
TENERGY fundamental statistics
Market Cap€2.00b
Earnings (TTM)€71.83m
Revenue (TTM)€405.41m

27.8x

P/E Ratio

4.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TENERGY income statement (TTM)
Revenue€405.41m
Cost of Revenue€255.89m
Gross Profit€149.52m
Other Expenses€77.68m
Earnings€71.83m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin36.88%
Net Profit Margin17.72%
Debt/Equity Ratio227.9%

How did TENERGY perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

55%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is TENERGY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TENERGY?

Other financial metrics that can be useful for relative valuation.

TENERGY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.4x
Enterprise Value/EBITDA15.7x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does TENERGY's PE Ratio compare to its peers?

TENERGY PE Ratio vs Peers
The above table shows the PE ratio for TENERGY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average40.9x
EYDAP Athens Water Supply and Sewerage
27.7xn/a€847.7m
603693 Jiangsu New Energy Development
58.1x34.2%CN¥13.6b
1798 China Datang Corporation Renewable Power
13.5x22.0%HK$15.3b
ENRG Energix - Renewable Energies
64.5xn/a₪7.8b
TENERGY Terna Energy Societe Anonyme Commercial Technical
27.8x17.0%€2.0b

Price-To-Earnings vs Peers: TENERGY is good value based on its Price-To-Earnings Ratio (27.8x) compared to the peer average (40.9x).


Price to Earnings Ratio vs Industry

How does TENERGY's PE Ratio compare vs other companies in the European Renewable Energy Industry?

Price-To-Earnings vs Industry: TENERGY is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the European Renewable Energy industry average (26.1x)


Price to Earnings Ratio vs Fair Ratio

What is TENERGY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TENERGY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TENERGY's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of TENERGY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TENERGY (€18) is trading above our estimate of fair value (€8.45)

Significantly Below Fair Value: TENERGY is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Terna Energy Societe Anonyme Commercial Technical forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TENERGY's forecast earnings growth (17% per year) is above the savings rate (2.6%).

Earnings vs Market: TENERGY's earnings (17% per year) are forecast to grow faster than the Greek market (9.5% per year).

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

Revenue vs Market: TENERGY's revenue (4% per year) is forecast to grow slower than the Greek market (7.2% per year).

High Growth Revenue: TENERGY's revenue (4% 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 high in 3 years time (21.4%)


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Past Performance

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

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TENERGY has high quality earnings.

Growing Profit Margin: TENERGY's current net profit margins (17.7%) are lower than last year (21.5%).


Past Earnings Growth Analysis

Earnings Trend: TENERGY's earnings have grown by 2.2% per year over the past 5 years.

Accelerating Growth: TENERGY's earnings growth over the past year (34%) exceeds its 5-year average (2.2% per year).

Earnings vs Industry: TENERGY earnings growth over the past year (34%) underperformed the Renewable Energy industry 47.6%.


Return on Equity

High ROE: TENERGY's Return on Equity (16.9%) is considered low.


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Financial Health

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

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TENERGY's short term assets (€629.4M) exceed its short term liabilities (€301.9M).

Long Term Liabilities: TENERGY's short term assets (€629.4M) do not cover its long term liabilities (€1.0B).


Debt to Equity History and Analysis

Debt Level: TENERGY's net debt to equity ratio (135.4%) is considered high.

Reducing Debt: TENERGY's debt to equity ratio has increased from 190% to 227.9% over the past 5 years.

Debt Coverage: TENERGY's debt is not well covered by operating cash flow (12.3%).

Interest Coverage: TENERGY's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.90%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TENERGY's dividend (1.9%) isn’t notable compared to the bottom 25% of dividend payers in the Greek market (2.09%).

High Dividend: TENERGY's dividend (1.9%) is low compared to the top 25% of dividend payers in the Greek market (5.06%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55.1%), TENERGY's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: TENERGY is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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


CEO

Emmanuel Maragoudakis (71 yo)

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...


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Terna Energy Societe Anonyme Commercial Technical Company's 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
  • Implied Market Cap: €1.999b
  • Shares outstanding: 111.08m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.