Hera S.p.A.

BIT:HER Stock Report

Market Cap: €5.8b

Hera Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Orazio Iacono

Chief executive officer

€809.6k

Total compensation

CEO salary percentage48.80%
CEO tenure4yrs
CEO ownershipn/a
Management average tenure4.1yrs
Board average tenure6yrs

Recent management updates

Recent updates

HER: Outlook Will Stay Supportive With Dividend Visibility And Firm Future P/E

Analysts have nudged their price target for Hera slightly higher to €4.57 from €4.52, reflecting modest tweaks in expected fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Hera S.p.A. announced an annual dividend of €0.1600 per share, with payment scheduled for June 24, 2026.

HER: Outlook Will Stay Supportive With Dividend Visibility And Firm Future P/E

Analysts have slightly raised their price target on Hera to €4.52, reflecting updated assumptions around revenue growth, profit margins and future P/E that remain broadly consistent with prior views. What's in the News Hera S.p.A. announced an annual dividend of €0.1600 per share, with payment scheduled for June 24, 2026 (Key Developments).

HER: Outlook Will Stay Supportive With Refined Assumptions And Firm Future P/E

Analysts have nudged their price target on Hera higher to €4.52, citing updated assumptions for revenue growth, profit margins, and a slightly adjusted future P/E that together support the new valuation level. Valuation Changes Fair Value: kept at €4.52, indicating no change in the central estimate of Hera's equity value.

HER: Outlook Will Stay Supportive With Steady Assumptions And Firm Future P/E

Analysts have kept their price target for Hera effectively unchanged at about €4.52. This reflects largely stable views on fair value, discount rate, revenue trends, profit margins, and future P/E assumptions.

HER: Outlook Will Stay Supportive With Steady Assumptions And Lower Future P/E

Analysts have kept their fair value estimate for Hera steady at €4.52, with a slightly lower future P/E assumption of 17.37x supporting a broadly unchanged price target, despite only minor tweaks to discount rate, revenue growth and profit margin inputs. Valuation Changes Fair Value: Kept unchanged at €4.52 per share.

Hera S.p.A. (BIT:HER) Looks Inexpensive But Perhaps Not Attractive Enough

Feb 14
Hera S.p.A. (BIT:HER) Looks Inexpensive But Perhaps Not Attractive Enough

HER: Outlook Will Stay Supportive With Lower Discount Rate And Steady Margins

Analysts have raised their price target for Hera to reflect a slightly lower discount rate and a modestly reduced forward P/E of 17.78x. This suggests a somewhat improved risk and valuation profile in their updated work.

HER: Future Outlook Will Remain Supportive With Slightly Softer Margins And Higher Earnings Multiple

Analysts have raised their price target for Hera from €4.35 to €4.52, reflecting updated assumptions of slightly softer revenue contraction, a modestly lower profit margin, and a higher future P/E multiple. Valuation Changes Fair Value Estimate raised from €4.35 to €4.52, indicating a small upward adjustment in the target level.

If EPS Growth Is Important To You, Hera (BIT:HER) Presents An Opportunity

Jan 21
If EPS Growth Is Important To You, Hera (BIT:HER) Presents An Opportunity

HER: Future Outlook Will Remain Steady With Stable Margins And Earnings Assumptions

Narrative Update on Hera Analysts have kept their price target for Hera broadly steady at €4.35, citing unchanged views on fair value, discount rate, revenue trajectory, profit margins, and future P/E assumptions. Valuation Changes Fair Value: unchanged at €4.35, indicating a stable view of Hera's estimated equity value per share.

Returns On Capital At Hera (BIT:HER) Have Hit The Brakes

Jan 03
Returns On Capital At Hera (BIT:HER) Have Hit The Brakes

HER: Future Outlook Will Remain Steady As Margins And Revenue Trends Modestly Improve

Analysts have modestly increased their price target on Hera to $4.35 per share, citing slightly improved expectations for long term revenue trends and profit margins despite largely unchanged valuation assumptions. Valuation Changes Fair Value: unchanged at €4.35 per share, indicating no material revision to the intrinsic value estimate.

We Think Hera (BIT:HER) Is Taking Some Risk With Its Debt

Dec 16
We Think Hera (BIT:HER) Is Taking Some Risk With Its Debt

HER: Future Outlook Will Remain Stable As Profit Margins Gradually Improve

Analysts have slightly refined their assumptions for Hera, leading to a modestly adjusted price target that still reflects stable fair value of 4.35. Updated discount rate, revenue growth, profit margin, and future P/E inputs support a largely unchanged long term outlook.

HER: Profit Margins Set To Improve as Market Expectations Rise

Analysts have raised Hera's price target from €4.13 to €4.35, citing a modestly improved profit margin outlook and a higher future price-to-earnings expectation. Valuation Changes Fair Value Estimate has increased slightly from €4.13 to €4.35.

There Is A Reason Hera S.p.A.'s (BIT:HER) Price Is Undemanding

Nov 03
There Is A Reason Hera S.p.A.'s (BIT:HER) Price Is Undemanding

Is There Now An Opportunity In Hera S.p.A. (BIT:HER)?

Sep 25
Is There Now An Opportunity In Hera S.p.A. (BIT:HER)?

Calculating The Fair Value Of Hera S.p.A. (BIT:HER)

Aug 26
Calculating The Fair Value Of Hera S.p.A. (BIT:HER)

Returns At Hera (BIT:HER) Appear To Be Weighed Down

Aug 14
Returns At Hera (BIT:HER) Appear To Be Weighed Down

Hera (BIT:HER) Has A Somewhat Strained Balance Sheet

Jul 28
Hera (BIT:HER) Has A Somewhat Strained Balance Sheet

Here's Why We Think Hera (BIT:HER) Is Well Worth Watching

Jul 01
Here's Why We Think Hera (BIT:HER) Is Well Worth Watching

At €4.28, Is Hera S.p.A. (BIT:HER) Worth Looking At Closely?

Jun 10
At €4.28, Is Hera S.p.A. (BIT:HER) Worth Looking At Closely?

Hera S.p.A. Just Beat Revenue Estimates By 24%

May 17
Hera S.p.A. Just Beat Revenue Estimates By 24%

Is Hera S.p.A. (BIT:HER) Worth €4.2 Based On Its Intrinsic Value?

May 04
Is Hera S.p.A. (BIT:HER) Worth €4.2 Based On Its Intrinsic Value?
User avatar

Carbon Capture Innovation And Market Expansion Will Propel Future Earnings Growth

Strong organic growth and market penetration with over 4 million customers indicate future revenue potential and stable earnings.

CEO Compensation Analysis

How has Orazio Iacono's remuneration changed compared to Hera's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

€464m

Sep 30 2025n/an/a

€506m

Jun 30 2025n/an/a

€505m

Mar 31 2025n/an/a

€505m

Dec 31 2024€810k€395k

€495m

Sep 30 2024n/an/a

€423m

Jun 30 2024n/an/a

€406m

Mar 31 2024n/an/a

€390m

Dec 31 2023€769k€380k

€441m

Sep 30 2023n/an/a

€452m

Jun 30 2023n/an/a

€389m

Mar 31 2023n/an/a

€323m

Dec 31 2022€511k€243k

€255m

Compensation vs Market: Orazio's total compensation ($USD945.21K) is below average for companies of similar size in the Italian market ($USD2.09M).

Compensation vs Earnings: Orazio's compensation has been consistent with company performance over the past year.

CEO

Orazio Iacono (56 yo)

4yrs
Tenure
€809,576
Compensation

Mr. Orazio Iacono serves as Chief Executive Officer at Hera S. p.A. since April 26, 2022 and served as its Ad Interim Group Manager of Waste Management and Fleets and Renewable Energies since 2023 until 20...

Leadership Team

NamePositionTenureCompensationOwnership
Cristian Fabbri
Executive Chairman3.3yrs€809.89kno data
Orazio Iacono
CEO, Renewable Energies ad interim & Director4yrs€809.58kno data
Massimo Vai
Group Manager of Administration4.3yrsno datano data
Jens Hansen
Manager of Investor Relations16.3yrsno datano data
Francesca Leoni
Group Manager of Legal & Corporate Affairs1.3yrsno datano data
Giuseppe Gagliano
Group Manager of Communication & External Affairs3.3yrsno datano data
Alessandro Camilleri
Personnel & Organization Group Manager3.9yrsno datano data
Roberto Gasparetto
General Manager and Chairman of AcegasApsAmga SPAno datano datano data
Filippo Bocchi
Manager of Shared Value & Sustainabilityno datano datano data
Mauro Tiviroli
Chief Executive Officer of Marche Multiservizi SPA18.3yrsno datano data
Andrea Ramonda
CEO of HERAMBIENTE S.p.A. & Ad Interim Manager of Utilities Market8.9yrsno datano data
Fabrizio Mazzacurati
Chief Executive Officer of Heratech S.R.L.2.3yrsno datano data
4.1yrs
Average Tenure
56yo
Average Age

Experienced Management: HER's management team is considered experienced (4.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Cristian Fabbri
Executive Chairman3.3yrs€809.89kno data
Orazio Iacono
CEO, Renewable Energies ad interim & Directorno data€809.58kno data
Bruno Tani
Independent Director6yrs€42.22kno data
Monica Mondardini
Independent Director6yrs€60.25kno data
Danilo Manfredi
Independent Non Executive Director12yrs€13.15kno data
Federica Seganti
Independent Non-Executive Director9yrs€19.69kno data
Marina Vignola
Independent Non Executive Director9yrs€13.14kno data
Myriam Amato
Chairman of the Board of Statutory Auditors9yrsno datano data
Alessandro Melcarne
Independent Non Executive Director8.4yrs€60.32kno data
Alice Vatta
Independent Non Executive Director6yrs€60.48kno data
Paola Gina Schwizer
Lead Independent Non Executive Director6yrs€60.92kno data
Tommaso Rotella
Independent Non Executive Vice President of the Board2yrs€58.81kno data
6.0yrs
Average Tenure
55yo
Average Age

Experienced Board: HER's board of directors are considered experienced (6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/29 07:12
End of Day Share Price 2026/04/29 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hera S.p.A. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tommaso MarabiniBanca Akros S.p.A. (ESN)
Francesco SalaBanca Akros S.p.A. (ESN)
Francesco SalaBanca Akros S.p.A. (ESN)