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 percentage | 48.80% |
| CEO tenure | 4.2yrs |
| CEO ownership | n/a |
| Management average tenure | 4.3yrs |
| Board average tenure | 6.2yrs |
Recent management updates
Recent updates
Narrative Update • Jun 03
HER: Outlook Will Stay Supportive With Dividend Visibility And Firm Future P/E
Hera’s analyst price target has been adjusted slightly from €4.57 to €4.52 as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E, which has led to a modestly lower fair value estimate. What's in the News Hera S.p.A. declared an annual dividend of €0.1600 per share.Analysis Article • May 16
Hera S.p.A. Recorded A 9.6% Miss On Revenue: Analysts Are Revisiting Their Models
Hera S.p.A. ( BIT:HER ) shareholders are probably feeling a little disappointed, since its shares fell 2.9% to €3.80 in...Narrative Update • Apr 27
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.Narrative Update • Apr 12
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).Narrative Update • Mar 27
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.Narrative Update • Mar 12
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.Narrative Update • Feb 26
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.Analysis Article • Feb 14
Hera S.p.A. (BIT:HER) Looks Inexpensive But Perhaps Not Attractive Enough
With a price-to-earnings (or "P/E") ratio of 12.5x Hera S.p.A. ( BIT:HER ) may be sending bullish signals at the...Narrative Update • Feb 10
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.Narrative Update • Jan 26
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.Analysis Article • Jan 21
If EPS Growth Is Important To You, Hera (BIT:HER) Presents An Opportunity
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Jan 12
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.Analysis Article • Jan 03
Returns On Capital At Hera (BIT:HER) Have Hit The Brakes
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Narrative Update • Dec 18
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.Analysis Article • Dec 16
We Think Hera (BIT:HER) Is Taking Some Risk With Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Dec 04
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.Narrative Update • Nov 20
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.Analysis Article • Nov 03
There Is A Reason Hera S.p.A.'s (BIT:HER) Price Is Undemanding
With a price-to-earnings (or "P/E") ratio of 11.3x Hera S.p.A. ( BIT:HER ) may be sending bullish signals at the...Analysis Article • Sep 25
Is There Now An Opportunity In Hera S.p.A. (BIT:HER)?
Hera S.p.A. ( BIT:HER ), is not the largest company out there, but it saw significant share price movement during...Analysis Article • Aug 26
Calculating The Fair Value Of Hera S.p.A. (BIT:HER)
Key Insights Hera's estimated fair value is €3.47 based on 2 Stage Free Cash Flow to Equity Hera's €3.72 share price...Analysis Article • Aug 14
Returns At Hera (BIT:HER) Appear To Be Weighed Down
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Jul 28
Hera (BIT:HER) Has A Somewhat Strained Balance Sheet
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jul 01
Here's Why We Think Hera (BIT:HER) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
New Narrative • Dec 09
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
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | €465m |
| Dec 31 2025 | n/a | n/a | €464m |
| Sep 30 2025 | n/a | n/a | €506m |
| Jun 30 2025 | n/a | n/a | €505m |
| Mar 31 2025 | n/a | n/a | €505m |
| Dec 31 2024 | €810k | €395k | €495m |
| Sep 30 2024 | n/a | n/a | €423m |
| Jun 30 2024 | n/a | n/a | €406m |
| Mar 31 2024 | n/a | n/a | €390m |
| Dec 31 2023 | €769k | €380k | €441m |
| Sep 30 2023 | n/a | n/a | €452m |
| Jun 30 2023 | n/a | n/a | €389m |
| Mar 31 2023 | n/a | n/a | €323m |
| Dec 31 2022 | €511k | €243k | €255m |
Compensation vs Market: Orazio's total compensation ($USD936.68K) is below average for companies of similar size in the Italian market ($USD3.11M).
Compensation vs Earnings: Orazio's compensation has been consistent with company performance over the past year.
CEO
Orazio Iacono (57 yo)
4.2yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.4yrs | €809.89k | no data | |
| CEO, Renewable Energies ad interim & Director | 4.2yrs | €809.58k | no data | |
| Group Manager of Administration | 4.4yrs | no data | no data | |
| Manager of Investor Relations | 16.4yrs | no data | no data | |
| Group Manager of Legal & Corporate Affairs | 1.5yrs | no data | no data | |
| Group Manager of Communication & External Affairs | 3.4yrs | no data | no data | |
| Personnel & Organization Group Manager | 4.1yrs | no data | no data | |
| General Manager and Chairman of AcegasApsAmga SPA | no data | no data | no data | |
| Manager of Shared Value & Sustainability | no data | no data | no data | |
| Chief Executive Officer of Marche Multiservizi SPA | 18.4yrs | no data | no data | |
| CEO of HERAMBIENTE S.p.A. & Ad Interim Manager of Utilities Market | 9.1yrs | no data | no data | |
| Chief Executive Officer of Heratech S.R.L. | 2.4yrs | no data | no data |
4.3yrs
Average Tenure
57yo
Average Age
Experienced Management: HER's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.4yrs | €809.89k | no data | |
| CEO, Renewable Energies ad interim & Director | no data | €809.58k | no data | |
| Independent Non-Executive Director | no data | €61.47k | no data | |
| Independent Director | 6.2yrs | €42.22k | no data | |
| Independent Non Executive Vice Chairman | less than a year | no data | no data | |
| Independent Non Executive Director | 12.2yrs | €13.15k | no data | |
| Independent Non-Executive Director | 9.2yrs | €19.69k | no data | |
| Independent Non Executive Director | 9.2yrs | €13.14k | no data | |
| Chairman of the Board of Statutory Auditors | 9.2yrs | no data | no data | |
| Independent Non Executive Director | 6.2yrs | €60.99k | no data | |
| Independent Non Executive Director | 6.2yrs | €60.48k | no data | |
| Lead Independent Non Executive Director | 6.2yrs | €60.92k | no data |
6.2yrs
Average Tenure
57yo
Average Age
Experienced Board: HER's board of directors are considered experienced (6.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/14 11:38 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 13 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.
| Analyst | Institution |
|---|---|
| Tommaso Marabini | Banca Akros S.p.A. (ESN) |
| Francesco Sala | Banca Akros S.p.A. (ESN) |
| Dario Michi | BNP Paribas |