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

Market Cap €20.7b
Share Price
€10.32
€8.87
16.3% overvalued intrinsic discount
1Y28.2%
7D2.9%
Portfolio Value
View

Terna S.p.A.

BIT:TRN Stock Report

Market Cap: €20.7b

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

TRN Community Fair Values

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€8.87
FV
16.3% overvalued intrinsic discount
8.97%
Revenue growth p.a.
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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€10.32
52 Week High€10.34
52 Week Low€7.99
Beta0.62
1 Month Change5.59%
3 Month Change9.76%
1 Year Change28.17%
3 Year Change35.26%
5 Year Change67.97%
Change since IPO486.36%

Recent News & Updates

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

Mar 30
Analysts Are Updating Their Terna S.p.A. (BIT:TRN) Estimates After Its Yearly Results

The Returns At Terna (BIT:TRN) Aren't Growing

Jan 13
The Returns At Terna (BIT:TRN) Aren't Growing

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

Dec 05
These 4 Measures Indicate That Terna (BIT:TRN) Is Using Debt Extensively

Recent updates

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

Mar 30
Analysts Are Updating Their Terna S.p.A. (BIT:TRN) Estimates After Its Yearly Results

The Returns At Terna (BIT:TRN) Aren't Growing

Jan 13
The Returns At Terna (BIT:TRN) Aren't Growing

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

Dec 05
These 4 Measures Indicate That Terna (BIT:TRN) Is Using Debt Extensively

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

Nov 17
Terna (BIT:TRN) Has Affirmed Its Dividend Of €0.1192

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

Oct 28
Terna S.p.A. (BIT:TRN) Shares Could Be 34% Above Their Intrinsic Value Estimate

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
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.

Shareholder Returns

TRNIT Electric UtilitiesIT Market
7D2.9%0.4%3.6%
1Y28.2%38.0%35.5%

Return vs Industry: TRN underperformed the Italian Electric Utilities industry which returned 39.1% over the past year.

Return vs Market: TRN underperformed the Italian Market which returned 34% over the past year.

Price Volatility

Is TRN's price volatile compared to industry and market?
TRN volatility
TRN Average Weekly Movement2.9%
Electric Utilities Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in IT Market7.9%
10% least volatile stocks in IT Market3.0%

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
19627,117Giuseppina 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€20.71b
Earnings (TTM)€1.11b
Revenue (TTM)€4.03b
18.6x
P/E Ratio
5.1x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRN income statement (TTM)
Revenue€4.03b
Cost of Revenue€805.70m
Gross Profit€3.23b
Other Expenses€2.12b
Earnings€1.11b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 07, 2026

Earnings per share (EPS)0.55
Gross Margin80.02%
Net Profit Margin27.55%
Debt/Equity Ratio166.4%

How did TRN perform over the long term?

See historical performance and comparison

Dividends

3.8%
Current Dividend Yield
73%
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 dividend72 days
Days until Dividend pay date74 days

Does TRN pay a reliable dividends?

See TRN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/10 05:21
End of Day Share Price 2026/04/10 00:00
Earnings2025/12/31
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 36 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)
Francesco SalaBanca Akros S.p.A. (ESN)