| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 6/6 |
TRN Stock Overview
Terna - Rete Elettrica Nazionale Società per Azioni, together with its subsidiaries, engages in the electricity transmission and dispatching activities in Italy, Euro-area countries, and internationally.
Terna - Rete Elettrica Nazionale Società per Azioni Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €6.84 |
| 52 Week High | €7.25 |
| 52 Week Low | €5.61 |
| Beta | 0.42 |
| 1 Month Change | -2.51% |
| 3 Month Change | 7.18% |
| 1 Year Change | 13.51% |
| 3 Year Change | 28.62% |
| 5 Year Change | 59.07% |
| Change since IPO | 288.64% |
Recent News & Updates
Estimating The Fair Value Of Terna - Rete Elettrica Nazionale Società per Azioni (BIT:TRN)
In this article we are going to estimate the intrinsic value of Terna - Rete Elettrica Nazionale Società per Azioni...
These 4 Measures Indicate That Terna - Rete Elettrica Nazionale Società per Azioni (BIT:TRN) Is Using Debt Extensively
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
The Returns At Terna - Rete Elettrica Nazionale Società per Azioni (BIT:TRN) Aren't Growing
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Shareholder Returns
| TRN | IT Electric Utilities | IT Market | |
|---|---|---|---|
| 7D | 0.3% | -1.3% | 1.0% |
| 1Y | 13.5% | -8.6% | 21.3% |
Return vs Industry: TRN exceeded the Italian Electric Utilities industry which returned -9.3% over the past year.
Return vs Market: TRN underperformed the Italian Market which returned 18.8% over the past year.
Price Volatility
| TRN volatility | |
|---|---|
| TRN Average Weekly Movement | 2.1% |
| Electric Utilities Industry Average Movement | 3.9% |
| Market Average Movement | 4.3% |
| 10% most volatile stocks in IT Market | 7.1% |
| 10% least volatile stocks in IT Market | 2.7% |
Stable Share Price: TRN is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: TRN's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 4,996 | Stefano Donnarumma | https://www.terna.it |
Terna - Rete Elettrica Nazionale Società per Azioni, together with its subsidiaries, engages in the electricity transmission and dispatching activities in Italy, Euro-area countries, and internationally. It operates through Regulated, Non-Regulated, and International segments. The company is also involved in the planning, development, management, operation, and maintenance of national transmission grid, electricity infrastructures, and high-voltage infrastructures.
Terna - Rete Elettrica Nazionale Società per Azioni Fundamentals Summary
| TRN fundamental statistics | |
|---|---|
| Market Cap | €13.73b |
| Earnings (TTM) | €796.80m |
| Revenue (TTM) | €2.61b |
17.2x
P/E Ratio5.3x
P/S RatioIs TRN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TRN income statement (TTM) | |
|---|---|
| Revenue | €2.61b |
| Cost of Revenue | €462.90m |
| Gross Profit | €2.14b |
| Expenses | €1.35b |
| Earnings | €796.80m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.40 |
| Gross Margin | 82.23% |
| Net Profit Margin | 30.59% |
| Debt/Equity Ratio | 260.8% |
How did TRN perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield70%
Payout RatioValuation
Is Terna - Rete Elettrica Nazionale Società per Azioni undervalued compared to its fair value and its price relative to the market?
17.23x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRN (€6.84) is trading above our estimate of fair value (€6.53)
Significantly Below Fair Value: TRN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRN is poor value based on its PE Ratio (17.2x) compared to the European Electric Utilities industry average (13.2x).
PE vs Market: TRN is good value based on its PE Ratio (17.2x) compared to the Italian market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: TRN is poor value based on its PEG Ratio (5.4x)
Price to Book Ratio
PB vs Industry: TRN is overvalued based on its PB Ratio (3x) compared to the XE Electric Utilities industry average (1x).
Future Growth
How is Terna - Rete Elettrica Nazionale Società per Azioni forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
3.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRN's forecast earnings growth (3.2% per year) is above the savings rate (1.8%).
Earnings vs Market: TRN's earnings (3.2% per year) are forecast to grow slower than the Italian market (11.1% per year).
High Growth Earnings: TRN's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRN's revenue (3% per year) is forecast to grow faster than the Italian market (-0.08% per year).
High Growth Revenue: TRN's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRN's Return on Equity is forecast to be low in 3 years time (16.7%).
Past Performance
How has Terna - Rete Elettrica Nazionale Società per Azioni performed over the past 5 years?
4.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRN has high quality earnings.
Growing Profit Margin: TRN's current net profit margins (30.6%) are lower than last year (31.8%).
Past Earnings Growth Analysis
Earnings Trend: TRN's earnings have grown by 4.8% per year over the past 5 years.
Accelerating Growth: TRN's earnings growth over the past year (3%) is below its 5-year average (4.8% per year).
Earnings vs Industry: TRN earnings growth over the past year (3%) underperformed the Electric Utilities industry 4.3%.
Return on Equity
High ROE: TRN's Return on Equity (17.3%) is considered low.
Financial Health
How is Terna - Rete Elettrica Nazionale Società per Azioni's financial position?
Financial Position Analysis
Short Term Liabilities: TRN's short term assets (€3.0B) do not cover its short term liabilities (€5.0B).
Long Term Liabilities: TRN's short term assets (€3.0B) do not cover its long term liabilities (€9.5B).
Debt to Equity History and Analysis
Debt Level: TRN's net debt to equity ratio (205.3%) is considered high.
Reducing Debt: TRN's debt to equity ratio has increased from 245.7% to 260.8% over the past 5 years.
Debt Coverage: TRN's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: TRN's interest payments on its debt are well covered by EBIT (13.5x coverage).
Balance Sheet
Dividend
What is Terna - Rete Elettrica Nazionale Società per Azioni current dividend yield, its reliability and sustainability?
4.05%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRN's dividend (4.05%) is higher than the bottom 25% of dividend payers in the Italian market (1.06%).
High Dividend: TRN's dividend (4.05%) is in the top 25% of dividend payers in the Italian market (3.4%)
Stability and Growth of Payments
Stable Dividend: TRN's dividends per share have been stable in the past 10 years.
Growing Dividend: TRN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70.1%), TRN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRN's dividends in 3 years are forecast to be covered by earnings (78.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Stefano Donnarumma (54 yo)
1.67yrs
Tenure
€1,625,023
Compensation
Mr. Stefano Antonio Donnarumma has been CEO, GM and Director of Terna - Rete Elettrica Nazionale Società per Azioni since May 18, 2020. He served as the Chief Executive Officer and Managing Director of ACE...
CEO Compensation Analysis
Compensation vs Market: Stefano's total compensation ($USD1.85M) is below average for companies of similar size in the Italian market ($USD2.80M).
Compensation vs Earnings: Insufficient data to compare Stefano's compensation with company performance.
Leadership Team
Experienced Management: TRN's management team is considered experienced (2.9 years average tenure).
Board Members
Experienced Board: TRN's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
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 - Rete Elettrica Nazionale Società per Azioni's employee growth, exchange listings and data sources
Key Information
- Name: Terna - Rete Elettrica Nazionale Società per Azioni
- Ticker: TRN
- Exchange: BIT
- Founded: 1999
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: €13.727b
- Shares outstanding: 2.01b
- Website: https://www.terna.it
Number of Employees
Location
- Terna - Rete Elettrica Nazionale Società per Azioni
- Viale Egidio Galbani 70
- Rome
- Rome
- 156
- Italy
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 23:02 |
| End of Day Share Price | 2022/01/17 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.