(HER) Hera S.p.A - Overview
Sector: Utilities | Industry: Utilities - Diversified | Exchange: MI (Italy) | Market Cap: 5.780m EUR | Total Return: -6.5% in 12m
Avg Turnover: 10.3M
EPS Trend: 63.9%
Rev. Trend: -58.6%
Qual. Beats: 0
Warnings
Altman Z'' 0.64 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Hera S.p.A. is an Italian multi-utility provider headquartered in Bologna, specializing in the distribution and sale of energy, water management, and environmental services. The company operates across the entire value chain of natural gas and electricity, while also managing integrated water cycles and district heating systems for residential and industrial clients.
The multi-utility business model focuses on geographic density to achieve economies of scale in capital-intensive infrastructure like sewage networks and waste treatment plants. In the European utility sector, these companies often operate under regulated frameworks or long-term concessions, providing stable cash flow profiles linked to essential public service demands.
Beyond energy and water, Hera maintains a significant presence in the circular economy through waste collection, recycling, and recovery operations. Investors can further analyze these operational segments and financial health indicators on ValueRay.
- Regulated asset base growth in water and gas distribution drives earnings stability
- Waste management treatment capacity expansion improves margins through circular economy initiatives
- Fluctuations in natural gas and electricity prices impact energy retail profitability
- Italian regulatory framework changes for utility concessions influence long-term capital expenditure
- Decarbonization and energy efficiency projects attract sustainable investment and government subsidies
| Net Income: 465.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.63 > 1.0 |
| NWC/Revenue: 4.47% < 20% (prev 6.84%; Δ -2.37% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.33b > Net Income 465.2m |
| Net Debt (-1.15b) to EBITDA (1.41b): -0.82 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.48b) vs 12m ago 1.76% < -2% |
| Gross Margin: 47.09% > 18% (prev 0.43%; Δ 4.67k% > 0.5%) |
| Asset Turnover: 79.09% > 50% (prev 91.44%; Δ -12.35% > 0%) |
| Interest Coverage Ratio: 4.76 > 6 (EBITDA TTM 1.41b / Interest Expense TTM 171.7m) |
| A: 0.04 (Total Current Assets 5.79b - Total Current Liabilities 5.25b) / Total Assets 15.3b |
| B: 0.01 (Retained Earnings 154.6m / Total Assets 15.3b) |
| C: 0.05 (EBIT TTM 817.6m / Avg Total Assets 15.4b) |
| D: 0.01 (Book Value of Equity 154.6m / Total Liabilities 10.8b) |
| Altman-Z'' = 0.64 = B |
| DSRI: 1.11 (Receivables 3.01b/3.13b, Revenue 12.2b/14.1b) |
| GMI: 0.92 (GM 47.09% / 43.25%) |
| AQI: 1.08 (AQ_t 0.46 / AQ_t-1 0.43) |
| SGI: 0.86 (Revenue 12.2b / 14.1b) |
| TATA: -0.06 (NI 465.2m - CFO 1.33b) / TA 15.3b) |
| Beneish M = -3.12 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at EUR 3.91 with a total of 3,928,372 shares traded.
Over the past week, the price has changed by +2.95%,
over one month by -4.35%,
over three months by -10.11% and
over the past year by -6.51%.
Hera S.p.A has no consensus analysts rating.
P/E Trailing = 12.2188
P/E Forward = 15.1745
P/S = 0.4764
P/B = 1.3524
P/EG = 2.5307
Revenue TTM = 12.2b EUR
EBIT TTM = 817.6m EUR
EBITDA TTM = 1.41b EUR
Long Term Debt = 4.29b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 556.0m EUR (from shortLongTermDebt, last fiscal year)
Debt = 88.6m EUR (Leases only: 88.6m)
Net Debt = -1.15b EUR (calculated: Debt 88.6m - CCE 1.24b)
Enterprise Value = 4.63b EUR (5.78b + Debt 88.6m - CCE 1.24b)
Interest Coverage Ratio = 4.76 (Ebit TTM 817.6m / Interest Expense TTM 171.7m)
EV/FCF = 17.77x (Enterprise Value 4.63b / FCF TTM 260.4m)
FCF Yield = 5.63% (FCF TTM 260.4m / Enterprise Value 4.63b)
FCF Margin = 2.14% (FCF TTM 260.4m / Revenue TTM 12.2b)
Net Margin = 3.83% (Net Income TTM 465.2m / Revenue TTM 12.2b)
Gross Margin = 47.09% ((Revenue TTM 12.2b - Cost of Revenue TTM 6.43b) / Revenue TTM)
Gross Margin QoQ = 44.54% (prev 44.78%)
Tobins Q-Ratio = 0.30 (Enterprise Value 4.63b / Total Assets 15.3b)
Interest Expense / Debt = 193.8% (Interest Expense 171.7m / Debt 88.6m)
Taxrate = 29.59% (69.4m / 234.5m)
NOPAT = 575.6m (EBIT 817.6m * (1 - 29.59%))
Current Ratio = 1.10 (Total Current Assets 5.79b / Total Current Liabilities 5.25b)
Debt / Equity = 0.02 (Debt 88.6m / totalStockholderEquity, last quarter 4.25b)
Debt / EBITDA = -0.82 (Net Debt -1.15b / EBITDA 1.41b)
Debt / FCF = -4.43 (Net Debt -1.15b / FCF TTM 260.4m)
Total Stockholder Equity = 4.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.03% (Net Income 465.2m / Total Assets 15.3b)
RoE = 11.63% (Net Income TTM 465.2m / Total Stockholder Equity 4.00b)
RoCE = 9.87% (EBIT 817.6m / Capital Employed (Equity 4.00b + L.T.Debt 4.29b))
RoIC = 6.51% (NOPAT 575.6m / Invested Capital 8.85b)
WACC = 5.70% (E(5.78b)/V(5.87b) * Re(5.79%) + (debt cost/tax rate unavailable))
Discount Rate = 5.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -67.51 | Cagr: -0.39%
[DCF] Terminal Value 77.97% ; FCFF base≈222.1m ; Y1≈254.6m ; Y5≈374.7m
[DCF] Fair Price = 4.59 (EV 5.64b - Net Debt -1.15b = Equity 6.79b / Shares 1.48b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 63.95 | EPS CAGR: 7.22% | SUE: N/A | # QB: 0
Revenue Correlation: -58.63 | Revenue CAGR: -8.68% | SUE: -0.31 | # QB: 0
EPS current Year (2026-12-31): EPS=0.31 | Chg30d=+0.70% | Revisions=+0% | GrowthEPS=-0.8% | GrowthRev=-1.2%
EPS next Year (2027-12-31): EPS=0.33 | Chg30d=+0.27% | Revisions=+0% | GrowthEPS=+4.4% | GrowthRev=+1.0%
[Analyst] Revisions Ratio: +0%