HER Stock Analysis: Hera S.p.A | MI
Utilities - Diversified | MI, Italy | Market Cap: 5.189m EUR | 12M Return: -5% | IT0001250932 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.44M
EPS Trend: 63.9%
Rev. Trend: -43.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Hera S.p.A. is an Italian multi-utility company headquartered in Bologna, operating across three core segments: energy (gas and electricity distribution, district heating), water services (aqueduct, purification, sewage), and waste management (collection, treatment, recycling, disposal). The company also provides ancillary services including public lighting and telecommunications, serving residential customers, businesses, and consumer associations. Hera was founded in 2002 through the merger of several local utilities in the Emilia-Romagna region.
Italian multi-utilities typically operate under a mix of regulated and market-exposed activities, often holding local government concessions for network services such as water distribution and waste collection, which provide stable, geographically anchored revenue streams alongside more competitive segments like electricity retail.
- Italian energy and gas distribution margin pressure from regulation
- Waste management segment growth from circular economy investments
- Water services regulated tariff revisions impact EBITDA
- Acquisition pipeline in multi-utility consolidation across northern Italy
| Net Income: 470.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.27 > 1.0 |
| NWC/Revenue: 5.06% < 20% (prev 5.30%; Δ -0.24% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.27b > Net Income 470.5m |
| Net Debt (4.62b) to EBITDA (1.56b): 2.97 < 3 |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.46b) vs 12m ago 0.51% < -2% |
| Gross Margin: 18.47% > 18% (prev 41.16%; Δ -22.69% > 0.5%) |
| Asset Turnover: 85.14% > 50% (prev 99.93%; Δ -14.79% > 0%) |
| Interest Coverage Ratio: 3.79 > 6 (EBIT TTM 958.1m / Interest Expense TTM 253.0m) |
| A: 0.04 (Total Current Assets 5.43b - Total Current Liabilities 4.80b) / Total Assets 15.1b |
| B: 0.02 (Retained Earnings 235.5m / Total Assets 15.1b) |
| C: 0.07 (EBIT TTM 958.1m / Avg Total Assets 14.7b) |
| D: 0.38 (Book Value of Equity 4.07b / Total Liabilities 10.7b) |
| Altman-Z'' = 1.16 = BB |
| DSRI: 1.16 (Receivables 2.82b/2.77b, Revenue 12.5b/14.3b) |
| GMI: 2.23 (GM 41.16% / 18.47%) |
| AQI: 1.02 (AQ_t 0.47 / AQ_t-1 0.47) |
| SGI: 0.88 (Revenue 12.5b / 14.3b) |
| TATA: -0.05 (NI 470.5m - CFO 1.27b) / TA 15.1b) |
| Beneish M = -1.86 (Cap -4..+1) = B |
As of October 18, 2026, the stock is trading at EUR 3.55 with a total of 2,839,568 shares traded. Over the past week, the price has changed by +2.72%, over one month by -4.47%, over three months by -9.73% and over the past year by -4.99%.
Current recommended Stop Loss: 3.40 (which is 4.2% or 2.5 ATR below the current price).
Hera S.p.A has no consensus analysts rating.
P/E Trailing = 11.0
P/E Forward = 15.1745
P/S = 0.4095
P/B = 1.2991
P/EG = 2.5307
Revenue TTM = 12.5b EUR
EBIT TTM = 958.1m EUR
EBITDA TTM = 1.56b EUR
Long Term Debt = 4.87b EUR (from longTermDebt, last quarter)
Short Term Debt = 873.5m EUR (from shortTermDebt, last quarter)
Debt = 5.92b EUR (from shortLongTermDebtTotal, last quarter) + Leases 85.9m
Net Debt = 4.62b EUR (calculated: Debt 5.92b - CCE 1.29b)
Enterprise Value = 9.81b EUR (5.19b + Debt 5.92b - CCE 1.29b)
Interest Coverage Ratio = 3.79 (Ebit TTM 958.1m / Interest Expense TTM 253.0m)
EV/FCF = 31.91x (Enterprise Value 9.81b / FCF TTM 307.4m)
FCF Yield = 3.13% (FCF TTM 307.4m / Enterprise Value 9.81b)
FCF Margin = 2.45% (FCF TTM 307.4m / Revenue TTM 12.5b)
Net Margin = 3.75% (Net Income TTM 470.5m / Revenue TTM 12.5b)
Gross Margin = 18.47% ((Revenue TTM 12.5b - Cost of Revenue TTM 10.2b) / Revenue TTM)
Gross Margin QoQ = 9.33% (prev 7.08%)
Tobins Q-Ratio = 0.65 (Enterprise Value 9.81b / Total Assets 15.1b)
Interest Expense / Debt = 4.28% (Interest Expense 253.0m / Debt 5.92b)
Taxrate = 28.76% (206.9m / 719.5m)
NOPAT = 682.6m (EBIT 958.1m * (1 - 28.76%))
Current Ratio = 1.13 (Total Current Assets 5.43b / Total Current Liabilities 4.80b)
Debt / Equity = 1.45 (Debt 5.92b / totalStockholderEquity, last quarter 4.07b)
Debt / EBITDA = 2.97 (Net Debt 4.62b / EBITDA 1.56b)
Debt / FCF = 15.03 (Net Debt 4.62b / FCF TTM 307.4m)
Total Stockholder Equity = 4.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.20% (Net Income 470.5m / Total Assets 15.1b)
RoE = 11.57% (Net Income TTM 470.5m / Total Stockholder Equity 4.07b)
RoCE = 10.72% (EBIT 958.1m / Capital Employed (Equity 4.07b + L.T.Debt 4.87b))
RoIC = 6.46% (NOPAT 682.6m / Invested Capital 10.6b)
WACC = 3.99% (E(5.19b)/V(11.1b) * Re(5.06%) + D(5.92b)/V(11.1b) * Rd(4.28%) * (1-Tc(0.29)))
Discount Rate = 5.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.98 | Cagr: 0.60%
[DCF] Terminal Value 74.47% ; FCFF base≈316.3m ; Y1≈299.6m ; Y5≈282.4m
[DCF] Fair Price = N/A (negative equity: EV 4.45b - Net Debt 4.62b = -171.0m; debt exceeds intrinsic value)
EPS Correlation: 63.95 | EPS CAGR: 7.22% | SUE: N/A | # QB: 0
Revenue Correlation: -43.93 | Revenue CAGR: -4.72% | SUE: 0.27 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.32 | Chg30d=+0.00% | Revisions=+50% | GrowthEPS=+0.3% | GrowthRev=-2.6%
EPS next Year (2027-12-31): EPS=0.33 | Chg30d=+0.00% | Revisions=+50% | GrowthEPS=+4.4% | GrowthRev=+2.4%
[Analyst] Revisions Ratio: +67% (up=6, down=0)