Obermatt

Terna

MIL:TRN · IT0003242622
Electric UtilitiesX-Large

360

23
EV / EBIT40
Price / Owner Earnings84
Owner Earnings Yield1
Dividend Yield63
Price/Sales14
EV / Gross Profit42
Price/Book35
Return on Capital67
Cash Return on Capital35
Return on Equity81
EBIT Margin97
Gross Profitability61
Cash Conversion54
Accruals13
Owner Earnings Margin15
Sales growth70
Profit Growth74
Long-Term EPS Growth35
Reinvestment47
Price momentum44
Debt load17
Refinancing8
Debt Payback1
Liquidity66
Analyst ratings22
Opinion Changes50
Price Target Upside9
Market mood100
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Terna doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryItaly
IndustryElectric Utilities
SizeX-Large
TypePublic Company
ExchangeBIT
Employees3,499
Websiteterna.it
ISINIT0003242622
Last UpdateApr 2, 2026
Themes
Energy StorageEnergy EfficiencyClean EnergySmart MetersSmart EnergyPower GridEnergy ManagementElectrical DistributionEnergy

Description

Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. Business Segments The company operates through several distinct segments focused on e…

Analysis

Middle-of-the-road

Terna S.p.A. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

Valuation data is not available for this company.

The trajectory is moderate and the balance sheet is stretched. The company scores 6/20 on our value-creation score: not creating value.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
32
2023202420252026

All-time high

58

Oct 2024

All-time low

11

Jan 2023

Average rank

35

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
14
7
13
20
Price/Earnings
31
35
45
45
Price/Book
35
20
16
23
Dividend Yield
63
58
56
59
Value (overall)
22
20
17
29

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →