Terna S.p.A.

BIT:TRN Stock Report

Market Cap: €20.6b

Terna Dividends and Buybacks

Dividend criteria checks 4/6

Terna is a dividend paying company with a current yield of 3.82% that is well covered by earnings. Next payment date is on 24th June, 2026 with an ex-dividend date of 22nd June, 2026.

Key information

3.8%

Dividend yield

0.04%

Buyback Yield

Total Shareholder Yield3.9%
Future Dividend Yield4.0%
Dividend Growth7.1%
Next dividend pay date24 Jun 26
Ex dividend date22 Jun 26
Dividend per sharen/a
Payout ratio70%

Recent dividend and buyback updates

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...

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.

Upcoming Dividend Payment

TodayJun 18 2026Ex Dividend DateJun 22 2026Dividend Pay DateJun 24 20262 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

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.


Dividend Yield vs Market

Terna Dividend Yield vs Market
How does TRN dividend yield compare to the market?
SegmentDividend Yield
Company (TRN)3.8%
Market Bottom 25% (IT)1.5%
Market Top 25% (IT)4.6%
Industry Average (Electric Utilities)3.7%
Analyst forecast (TRN) (up to 3 years)4.0%

Notable Dividend: TRN's dividend (3.82%) is higher than the bottom 25% of dividend payers in the Italian market (1.51%).

High Dividend: TRN's dividend (3.82%) is low compared to the top 25% of dividend payers in the Italian market (4.58%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (69.6%), TRN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: TRN is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/18 17:44
End of Day Share Price 2026/06/18 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. 19 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