(ERG) ERG S.p.A - Overview
Sector: Utilities | Industry: Utilities - Renewable | Exchange: MI (Italy) | Market Cap: 3.334m EUR | Total Return: 31.2% in 12m
Avg Turnover: 5.15M
Rev. Trend: 85.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
ERG S.p.A. is an independent power producer based in Genoa, Italy, specializing in renewable energy generation across Europe and the United States. The company operates a diversified portfolio of wind, solar, hydroelectric, and natural gas cogeneration plants, transitioning from its historical roots in petroleum to a focus on sustainable power assets.
The business model relies on long-term power purchase agreements (PPAs) and government-backed incentive schemes to ensure stable cash flows from its multi-national infrastructure. In the utility sector, geographical diversification of wind and solar assets helps mitigate local weather variability and regulatory risks across different energy markets.
Investors looking for deeper fundamental metrics and valuation trends should consult ValueRay for further analysis.
- Expansion of installed wind and solar capacity drives core EBITDA growth
- Fluctuations in European power prices impact unhedged merchant energy revenue
- Regulatory changes in Italian renewable subsidies affect long-term cash flow stability
- Strategic asset rotation and divestments provide capital for international portfolio expansion
- Interest rate volatility influences financing costs for capital-intensive renewable energy projects
| Net Income: 153.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.34 > 1.0 |
| NWC/Revenue: 30.19% < 20% (prev 39.73%; Δ -9.54% < -1%) |
| CFO/TA 0.15 > 3% & CFO 839.1m > Net Income 153.0m |
| Net Debt (-193.0m) to EBITDA (672.1m): -0.29 < 3 |
| Current Ratio: 1.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (145.4m) vs 12m ago -0.41% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 19.28% > 50% (prev 13.88%; Δ 5.40% > 0%) |
| Interest Coverage Ratio: 4.55 > 6 (EBITDA TTM 672.1m / Interest Expense TTM 69.9m) |
| A: 0.06 (Total Current Assets 809.5m - Total Current Liabilities 462.2m) / Total Assets 5.62b |
| B: 0.35 (Retained Earnings 1.97b / Total Assets 5.62b) |
| C: 0.05 (EBIT TTM 318.1m / Avg Total Assets 5.97b) |
| D: 0.54 (Book Value of Equity 1.98b / Total Liabilities 3.64b) |
| Altman-Z'' = 2.48 = A |
| DSRI: 1.14 (Receivables 135.3m/90.4m, Revenue 1.15b/877.1m) |
| GMI: 0.97 (GM 98.81% / 95.38%) |
| AQI: 1.04 (AQ_t 0.29 / AQ_t-1 0.28) |
| SGI: 1.31 (Revenue 1.15b / 877.1m) |
| TATA: -0.12 (NI 153.0m - CFO 839.1m) / TA 5.62b) |
| Beneish M = -2.82 (Cap -4..+1) = A |
As of June 03, 2026, the stock is trading at EUR 23.34 with a total of 173,851 shares traded.
Over the past week, the price has changed by +1.74%,
over one month by +6.66%,
over three months by -1.84% and
over the past year by +31.23%.
ERG S.p.A has no consensus analysts rating.
P/E Trailing = 30.5867
P/E Forward = 33.0033
P/S = 4.374
P/B = 1.672
P/EG = 0.9428
Revenue TTM = 1.15b EUR
EBIT TTM = 318.1m EUR
EBITDA TTM = 672.1m EUR
Long Term Debt = 2.14b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 223.9m EUR (from shortTermDebt, last fiscal year)
Debt = 251.0m EUR (Leases only: 251.0m)
Net Debt = -193.0m EUR (calculated: Debt 251.0m - CCE 444.0m)
Enterprise Value = 3.14b EUR (3.33b + Debt 251.0m - CCE 444.0m)
Interest Coverage Ratio = 4.55 (Ebit TTM 318.1m / Interest Expense TTM 69.9m)
EV/FCF = 13.55x (Enterprise Value 3.14b / FCF TTM 231.9m)
FCF Yield = 7.38% (FCF TTM 231.9m / Enterprise Value 3.14b)
FCF Margin = 20.15% (FCF TTM 231.9m / Revenue TTM 1.15b)
Net Margin = 13.29% (Net Income TTM 153.0m / Revenue TTM 1.15b)
Gross Margin = unknown ((Revenue TTM 1.15b - Cost of Revenue TTM 13.7m) / Revenue TTM)
Tobins Q-Ratio = 0.56 (Enterprise Value 3.14b / Total Assets 5.62b)
Interest Expense / Debt = 27.83% (Interest Expense 69.9m / Debt 251.0m)
Taxrate = 25.61% (21.0m / 82.0m)
NOPAT = 236.6m (EBIT 318.1m * (1 - 25.61%))
Current Ratio = 1.75 (Total Current Assets 809.5m / Total Current Liabilities 462.2m)
Debt / Equity = 0.12 (Debt 251.0m / totalStockholderEquity, last quarter 2.04b)
Debt / EBITDA = -0.29 (Net Debt -193.0m / EBITDA 672.1m)
Debt / FCF = -0.83 (Net Debt -193.0m / FCF TTM 231.9m)
Total Stockholder Equity = 2.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.56% (Net Income 153.0m / Total Assets 5.62b)
RoE = 7.58% (Net Income TTM 153.0m / Total Stockholder Equity 2.02b)
RoCE = 7.66% (EBIT 318.1m / Capital Employed (Equity 2.02b + L.T.Debt 2.14b))
RoIC = 4.79% (NOPAT 236.6m / Invested Capital 4.94b)
WACC = 7.88% (E(3.33b)/V(3.59b) * Re(6.91%) + D(251.0m)/V(3.59b) * Rd(27.83%) * (1-Tc(0.26)))
Discount Rate = 6.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -29.02 | Cagr: -0.52%
[DCF] Terminal Value 77.97% ; FCFF base≈209.7m ; Y1≈240.3m ; Y5≈353.7m
[DCF] Fair Price = 37.95 (EV 5.32b - Net Debt -193.0m = Equity 5.52b / Shares 145.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 85.70 | Revenue CAGR: 11.52% | SUE: -0.01 | # QB: 0
EPS current Year (2026-12-31): EPS=1.14 | Chg30d=-0.44% | Revisions=+25% | GrowthEPS=+7.0% | GrowthRev=+9.3%
EPS next Year (2027-12-31): EPS=1.14 | Chg30d=-1.55% | Revisions=+25% | GrowthEPS=-0.3% | GrowthRev=+2.6%
[Analyst] Revisions Ratio: +25%