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Terna S.p.A.BIT:TRN Stock Report

Market Cap €20.3b
Share Price
€10.16
€9.73
4.4% overvalued intrinsic discount
1Y13.8%
7D3.4%
1D
Portfolio Value
View

Terna S.p.A.

BIT:TRN Stock Report

Market Cap: €20.3b

Terna (TRN) Stock Overview

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. More details

TRN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends4/6

TRN Community Fair Values

Create Narrative

See what 24 others think this stock is worth. Follow their fair value or set your own to get alerts.

Terna S.p.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Terna
Historical stock prices
Current Share Price€10.16
52 Week High€10.35
52 Week Low€8.24
Beta0.61
1 Month Change1.35%
3 Month Change2.56%
1 Year Change13.80%
3 Year Change26.84%
5 Year Change53.43%
Change since IPO477.27%

Recent News & Updates

Narrative Update Jun 05

TRN: Recent Rating Split And Policy Review Will Shape Risk Profile

Analysts have adjusted their view on Terna with a small price target increase of €0.50, reflecting updated assumptions on revenue growth, profit margins and future P/E, while recent research includes both a target raise and a downgrade. Analyst Commentary Recent research on Terna reflects mixed sentiment, with one price target increase and one downgrade sitting side by side.
Narrative Update May 21

TRN: Recent Rating Shift And Policy Review Will Shape Risk Reward Balance

Analysts have nudged Terna's implied fair value higher, with the price target moving from about €8.87 to around €9.73, supported by recent target increases from several firms and offset in part by a fresh downgrade. Analyst Commentary Recent research on Terna reflects a mix of optimism around valuation support and some caution on the risk and reward skew at current levels.
Analysis Article May 11

Terna S.p.A. (BIT:TRN) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Terna S.p.A. ( BIT:TRN ) came out with its quarterly results last week, and we wanted to see how the business is...

Recent updates

Narrative Update Jun 05

TRN: Recent Rating Split And Policy Review Will Shape Risk Profile

Analysts have adjusted their view on Terna with a small price target increase of €0.50, reflecting updated assumptions on revenue growth, profit margins and future P/E, while recent research includes both a target raise and a downgrade. Analyst Commentary Recent research on Terna reflects mixed sentiment, with one price target increase and one downgrade sitting side by side.
Narrative Update May 21

TRN: Recent Rating Shift And Policy Review Will Shape Risk Reward Balance

Analysts have nudged Terna's implied fair value higher, with the price target moving from about €8.87 to around €9.73, supported by recent target increases from several firms and offset in part by a fresh downgrade. Analyst Commentary Recent research on Terna reflects a mix of optimism around valuation support and some caution on the risk and reward skew at current levels.
Analysis Article May 11

Terna S.p.A. (BIT:TRN) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Terna S.p.A. ( BIT:TRN ) came out with its quarterly results last week, and we wanted to see how the business is...
Analysis Article Mar 30

Analysts Are Updating Their Terna S.p.A. (BIT:TRN) Estimates After Its Yearly Results

Terna S.p.A. ( BIT:TRN ) came out with its yearly results last week, and we wanted to see how the business is...
Analysis Article Jan 13

The Returns At Terna (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...
Analysis Article Dec 05

These 4 Measures Indicate That Terna (BIT:TRN) Is Using Debt Extensively

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Nov 17

Terna (BIT:TRN) Has Affirmed Its Dividend Of €0.1192

Terna S.p.A. ( BIT:TRN ) will pay a dividend of €0.1192 on the 26th of November. This payment means that the dividend...
Analysis Article Oct 28

Terna S.p.A. (BIT:TRN) Shares Could Be 34% Above Their Intrinsic Value Estimate

Key Insights The projected fair value for Terna is €6.69 based on Dividend Discount Model Terna is estimated to be 34...
Analysis Article Sep 25

Slowing Rates Of Return At Terna (BIT:TRN) Leave Little Room For Excitement

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article Sep 02

We Think Terna (BIT:TRN) Is Taking Some Risk With Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Aug 01

Terna S.p.A. (BIT:TRN) Just Released Its Interim Results And Analysts Are Updating Their Estimates

As you might know, Terna S.p.A. ( BIT:TRN ) recently reported its half-year numbers. It was an okay report, and...
Analysis Article Jul 19

Is Terna S.p.A. (BIT:TRN) Worth €8.5 Based On Its Intrinsic Value?

Key Insights Using the Dividend Discount Model, Terna fair value estimate is €6.88 Current share price of €8.51...
User avatar
New Narrative Nov 08

New Incentive Schemes And Renewables Expansion Power Up Future Profitability

Transitioning to an output-based incentive framework and expanding renewable integration are expected to drive significant long-term revenue and EBITDA growth.

Shareholder Returns

TRNIT Electric UtilitiesIT Market
7D3.4%1.5%0.2%
1Y13.8%20.3%20.1%

Return vs Industry: TRN underperformed the Italian Electric Utilities industry which returned 20.3% over the past year.

Return vs Market: TRN underperformed the Italian Market which returned 20.1% over the past year.

Price Volatility

Is TRN's price volatile compared to industry and market?
TRN volatility
TRN Average Weekly Movement2.8%
Electric Utilities Industry Average Movement3.9%
Market Average Movement5.0%
10% most volatile stocks in IT Market8.6%
10% least volatile stocks in IT Market3.1%

Stable Share Price: TRN has not had significant price volatility in the past 3 months compared to the Italian market.

Volatility Over Time: TRN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19627,180Pasqualino Montiwww.terna.it

Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. It operates through Regulated, Non-Regulated, and International segments. The company is involved in the design, construction, management, development, operation, and maintenance of national transmission grid; dispatching and metering; and construction of storage systems.

Terna S.p.A. Fundamentals Summary

How do Terna's earnings and revenue compare to its market cap?
TRN fundamental statistics
Market cap€20.28b
Earnings (TTM)€1.06b
Revenue (TTM)€4.10b
19.2x
P/E Ratio
5.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRN income statement (TTM)
Revenue€4.10b
Cost of Revenue€781.30m
Gross Profit€3.32b
Other Expenses€2.25b
Earnings€1.06b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 29, 2026

Earnings per share (EPS)0.53
Gross Margin80.93%
Net Profit Margin25.96%
Debt/Equity Ratio173.4%

How did TRN perform over the long term?

See historical performance and comparison

Dividends

3.9%
Current Dividend Yield
70%
Payout Ratio

Does TRN pay a reliable dividends?

See TRN dividend history and benchmarks
When do you need to buy TRN by to receive an upcoming dividend?
Terna dividend dates
Ex Dividend DateJun 22 2026
Dividend Pay DateJun 24 2026
Days until Ex dividend11 days
Days until Dividend pay date13 days

Does TRN pay a reliable dividends?

See TRN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 18:00
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
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

Terna S.p.A. is covered by 35 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Francesco SalaBanca Akros S.p.A. (ESN)
Tommaso MarabiniBanca Akros S.p.A. (ESN)
Virginia Sanz de Madrid GrossBanco Santander