-0.23%
2.89%
-0.45%
3.83%
3.83%
13.12%
25.62%
AI Spotlight on TRN
Company Description
Terna - Rete Elettrica Nazionale Società per Azioni, together with its subsidiaries, engages in the electricity transmission and dispatching activities in Italy, Euro-area countries, and internationally.The company operates through Regulated, Non-Regulated, and International segments.It is involved in the planning, development, management, operation, and maintenance of national transmission grid, electricity infrastructures, and high-voltage infrastructures.
The company also offers telecommunications systems and equipment, connectivity services, energy solutions, and operation and maintenance services.In addition, it designs, produces, commercializes, and repairs power transformers for electricity transmission and distribution grids, industrial transformers for the steel and metals industries, and special transformers for convertors used in electrochemical production; designs, produces, and supplies marine and terrestrial cables; implements and develops renewable energy projects; and undertakes private interconnector projects, as well as owns the national transmission grid.The company was founded in 1999 and is headquartered in Rome, Italy.
Market Data
| Last Price | 7.96 |
| Change Percentage | -0.23% |
| Open | 7.98 |
| Previous Close | 7.98 |
| Market Cap ( Millions) | 15982 |
| Volume | 3918364 |
| Year High | 8.27 |
| Year Low | 7.16 |
| M A 50 | 7.77 |
| M A 200 | 7.75 |
Financial Ratios
| FCF Yield | -7.09% |
| Dividend Yield | 4.32% |
| ROE | 16.17% |
| Debt / Equity | 176.02% |
| Net Debt / EBIDTA | 438.24% |
| Price To Book | 2.2 |
| Price Earnings Ratio | 15.68 |
| Price To FCF | -14.1 |
| Price To sales | 4.71 |
| EV / EBITDA | 10.73 |
News
- Nov -07 - Terna SpA (TERRF) Q3 2024 Earnings Call Highlights: Strong Growth in Revenue and Renewable ...
- Jul -10 - CDPQ’s Verene Energia acquires 124km power transmission asset in Brazil
- Jun -20 - Masdar Inks $3.4 Billion Deal to Acquire Greece Renewable Energy Major
- Nov -23 - Terna SpA's Dividend Analysis
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Regulated
Expected Growth : 6.5 %
What the company do ?
Terna - Rete Elettrica Nazionale Società per Azioni is an Italian electricity transmission system operator, regulated by the Italian Regulatory Authority for Energy, Networks and Environment (ARERA).
Why we expect these perspectives ?
Terna's 6.5% growth is driven by increasing electricity demand, investments in grid modernization, and favorable regulatory framework. As the operator of Italy's high-voltage transmission grid, Terna benefits from a stable and regulated business model, ensuring a steady revenue stream. Additionally, the company's focus on renewable energy integration and grid resilience contributes to its growth momentum.
Segment n°2 -> Non-Regulated
Expected Growth : 7.5 %
What the company do ?
Non-Regulated from Terna - Rete Elettrica Nazionale Società per Azioni refers to the unregulated activities of the Italian electricity transmission grid operator, focusing on high-voltage transmission lines and grid management.
Why we expect these perspectives ?
Terna's Non-Regulated segment growth of 7.5% is driven by increasing demand for renewable energy, expansion into new markets, and strategic investments in grid modernization. Additionally, the Italian government's energy transition policies and incentives for grid resilience and sustainability contribute to this growth.
Segment n°3 -> International
Expected Growth : 6.8 %
What the company do ?
Terna - Rete Elettrica Nazionale Società per Azioni is an Italian electricity transmission system operator, managing the high-voltage grid and ensuring the country's energy supply.
Why we expect these perspectives ?
Terna - Rete Elettrica Nazionale Società per Azioni's 6.8% growth is driven by increasing demand for electricity in Italy, government support for renewable energy, and strategic investments in grid infrastructure. Additionally, the company's focus on energy efficiency and grid modernization initiatives contribute to its growth.
Terna - Rete Elettrica Nazionale Società Per Azioni Products
| Product Range | What is it ? |
|---|---|
| Transmission Grid Management | Terna manages and operates the high-voltage transmission grid, ensuring the safe and reliable transportation of electricity across Italy. |
| Electricity Transmission Services | Terna provides transmission services to generators, distributors, and traders, enabling the exchange of electricity between different regions and countries. |
| Grid Connection Services | Terna offers connection services to generators, distributors, and consumers, enabling them to connect to the transmission grid. |
| System Services | Terna provides system services, including frequency regulation, voltage support, and spinning reserve, to ensure the stability and reliability of the grid. |
| Energy Storage Services | Terna offers energy storage services, enabling the efficient management of energy supply and demand. |
| Grid Development and Maintenance | Terna develops and maintains the transmission grid, ensuring its reliability, efficiency, and sustainability. |
Terna - Rete Elettrica Nazionale Società per Azioni's Porter Forces
Threat Of Substitutes
The threat of substitutes is low for Terna - Rete Elettrica Nazionale Società per Azioni as the company operates in a highly regulated industry with high barriers to entry.
Bargaining Power Of Customers
The bargaining power of customers is medium for Terna - Rete Elettrica Nazionale Società per Azioni as the company operates in a duopoly market with limited customer switching options.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low for Terna - Rete Elettrica Nazionale Società per Azioni as the company has a diversified supplier base and is not heavily dependent on a single supplier.
Threat Of New Entrants
The threat of new entrants is low for Terna - Rete Elettrica Nazionale Società per Azioni as the company operates in a highly regulated industry with high barriers to entry.
Intensity Of Rivalry
The intensity of rivalry is high for Terna - Rete Elettrica Nazionale Società per Azioni as the company operates in a duopoly market with a strong competitor.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 70.80% |
| Debt Cost | 3.95% |
| Equity Weight | 29.20% |
| Equity Cost | 6.30% |
| WACC | 4.63% |
| Leverage | 242.48% |
Terna - Rete Elettrica Nazionale Società per Azioni : Quality Control
Terna - Rete Elettrica Nazionale Società per Azioni passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ELI.BR | Elia Group SA/NV operates a transmission system operator for the electricity network in Belgium and internationally. It provides electricity transmission services; transmits electricity from generators; imports and exports electricity; and … |
| PGE.WA | PGE Polska Grupa Energetyczna S.A. engages in the production, transmission, and distribution of electricity in Poland. The company operates through seven segments: Conventional Generation, District Heating, Renewables, Supply, Distribution, Circular … |
| ETR | Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. … |
| RED.MC | Redeia Corporación, S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately … |
| CNA.L | Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Entergy
A-Score
1-Year Total Return ->
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Redeia
A-Score
1-Year Total Return ->
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Terna RETE
A-Score
1-Year Total Return ->
4
Centrica
A-Score
1-Year Total Return ->
5
Elia
A-Score
1-Year Total Return ->
6
