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

Market Cap €17.7b
Share Price
€8.83
My Fair Value
€8.87
0.5% undervalued intrinsic discount
1Y10.0%
7D2.9%
Portfolio Value
​
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Terna S.p.A.

BIT:TRN Stock Report

Market Cap: €17.7b

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
Valuation1/6
Future Growth2/6
Past Performance3/6
Financial Health2/6
Dividends4/6

Rewards

Earnings are forecast to grow 3.74% per year

Earnings grew by 1.6% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 4.49% is not well covered by free cash flows


TRN Community Fair Values

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See what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Terna

Digitalization And Renewables Will Fuel European Energy Transition

Key Takeaways Investments in grid modernization, digitalization, and interconnections underpin steady revenue growth and reinforce Terna's strategic role in the energy transition. Favorable regulations and strong project execution drive predictable earnings, offsetting concerns over debt levels and financing costs.
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€8.87
FV
0.5% undervalued intrinsic discount
8.97%
Revenue growth p.a.
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12users have followed this narrative
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Terna S.p.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Terna
Historical stock prices
Current Share Price€8.83
52 Week High€9.10
52 Week Low€7.46
Beta0.61
1 Month Change3.79%
3 Month Change4.60%
1 Year Change10.00%
3 Year Change39.04%
5 Year Change47.05%
Change since IPO401.48%

Recent News & Updates

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

Sep 25
Slowing Rates Of Return At Terna (BIT:TRN) Leave Little Room For Excitement

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

Sep 02
We Think Terna (BIT:TRN) Is Taking Some Risk With Its Debt

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

Aug 01
Terna S.p.A. (BIT:TRN) Just Released Its Interim Results And Analysts Are Updating Their Estimates

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

Jul 19
Is Terna S.p.A. (BIT:TRN) Worth €8.5 Based On Its Intrinsic Value?

Recent updates

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

Sep 25
Slowing Rates Of Return At Terna (BIT:TRN) Leave Little Room For Excitement

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

Sep 02
We Think Terna (BIT:TRN) Is Taking Some Risk With Its Debt

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

Aug 01
Terna S.p.A. (BIT:TRN) Just Released Its Interim Results And Analysts Are Updating Their Estimates

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

Jul 19
Is Terna S.p.A. (BIT:TRN) Worth €8.5 Based On Its Intrinsic Value?

Terna (BIT:TRN) Has A Somewhat Strained Balance Sheet

Jun 01
Terna (BIT:TRN) Has A Somewhat Strained Balance Sheet

Terna (BIT:TRN) Has Some Way To Go To Become A Multi-Bagger

May 14
Terna (BIT:TRN) Has Some Way To Go To Become A Multi-Bagger

Pinning Down Terna S.p.A.'s (BIT:TRN) P/E Is Difficult Right Now

Apr 12
Pinning Down Terna S.p.A.'s (BIT:TRN) P/E Is Difficult Right Now

Terna (BIT:TRN) Is Increasing Its Dividend To €0.277

Mar 29
Terna (BIT:TRN) Is Increasing Its Dividend To €0.277

A Look At The Intrinsic Value Of Terna S.p.A. (BIT:TRN)

Mar 20
A Look At The Intrinsic Value Of Terna S.p.A. (BIT:TRN)

Here's Why Terna (BIT:TRN) Has A Meaningful Debt Burden

Feb 17
Here's Why Terna (BIT:TRN) Has A Meaningful Debt Burden

With EPS Growth And More, Terna (BIT:TRN) Makes An Interesting Case

Jan 18
With EPS Growth And More, Terna (BIT:TRN) Makes An Interesting Case

There's Been No Shortage Of Growth Recently For Terna's (BIT:TRN) Returns On Capital

Jan 03
There's Been No Shortage Of Growth Recently For Terna's (BIT:TRN) Returns On Capital

Terna (BIT:TRN) Will Pay A Dividend Of €0.1192

Nov 11
Terna (BIT:TRN) Will Pay A Dividend Of €0.1192

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

Nov 09
Analysts Are Updating Their Terna S.p.A. (BIT:TRN) Estimates After Its Third-Quarter Results
User avatar

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.

Calculating The Intrinsic Value Of Terna S.p.A. (BIT:TRN)

Nov 04
Calculating The Intrinsic Value Of Terna S.p.A. (BIT:TRN)

Shareholder Returns

TRNIT Electric UtilitiesIT Market
7D2.9%1.6%-2.1%
1Y10.0%16.3%20.7%

Return vs Industry: TRN underperformed the Italian Electric Utilities industry which returned 17.2% over the past year.

Return vs Market: TRN underperformed the Italian Market which returned 21.7% over the past year.

Price Volatility

Is TRN's price volatile compared to industry and market?
TRN volatility
TRN Average Weekly Movement1.7%
Electric Utilities Industry Average Movement2.8%
Market Average Movement4.3%
10% most volatile stocks in IT Market7.9%
10% least volatile stocks in IT Market2.5%

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 (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19626,765Giuseppina Di Foggiawww.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€17.71b
Earnings (TTM)€1.03b
Revenue (TTM)€3.78b
17.2x
P/E Ratio
4.7x
P/S Ratio

Is TRN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRN income statement (TTM)
Revenue€3.78b
Cost of Revenue€644.70m
Gross Profit€3.14b
Other Expenses€2.11b
Earnings€1.03b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 13, 2025

Earnings per share (EPS)0.51
Gross Margin82.96%
Net Profit Margin27.28%
Debt/Equity Ratio195.6%

How did TRN perform over the long term?

See historical performance and comparison

Dividends

4.5%
Current Dividend Yield
53%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/13 12:19
End of Day Share Price 2025/10/13 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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 37 analysts. 16 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)
Virginia Sanz de Madrid GrossBanco Santander
Monica GirardiBarclays