HERA SPA (HER.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:HER • IT0001250932

4.202 EUR
-0.01 (-0.24%)
Last: Feb 9, 2026, 04:58 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Overall HER gets a fundamental rating of 6 out of 10. We evaluated HER against 18 industry peers in the Multi-Utilities industry. Both the profitability and the financial health of HER get a neutral evaluation. Nothing too spectacular is happening here. HER scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make HER a good candidate for value investing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • HER had positive earnings in the past year.
  • HER had a positive operating cash flow in the past year.
  • HER had positive earnings in each of the past 5 years.
  • In the past 5 years HER always reported a positive cash flow from operatings.
HER.MI Yearly Net Income VS EBIT VS OCF VS FCFHER.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B

1.2 Ratios

  • HER has a better Return On Assets (5.12%) than 94.44% of its industry peers.
  • Looking at the Return On Equity, with a value of 18.73%, HER belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • The Return On Invested Capital of HER (8.42%) is better than 94.44% of its industry peers.
  • HER had an Average Return On Invested Capital over the past 3 years of 5.37%. This is in line with the industry average of 5.84%.
  • The 3 year average ROIC (5.37%) for HER is below the current ROIC(8.42%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.12%
ROE 18.73%
ROIC 8.42%
ROA(3y)2.57%
ROA(5y)2.56%
ROE(3y)11.26%
ROE(5y)10.89%
ROIC(3y)5.37%
ROIC(5y)5.24%
HER.MI Yearly ROA, ROE, ROICHER.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • HER has a worse Profit Margin (3.44%) than 77.78% of its industry peers.
  • HER's Profit Margin has declined in the last couple of years.
  • The Operating Margin of HER (5.83%) is worse than 88.89% of its industry peers.
  • In the last couple of years the Operating Margin of HER has declined.
  • HER has a better Gross Margin (43.42%) than 61.11% of its industry peers.
  • In the last couple of years the Gross Margin of HER has declined.
Industry RankSector Rank
OM 5.83%
PM (TTM) 3.44%
GM 43.42%
OM growth 3Y3.35%
OM growth 5Y-3.88%
PM growth 3Y6.68%
PM growth 5Y-7.22%
GM growth 3Y7.1%
GM growth 5Y-1.88%
HER.MI Yearly Profit, Operating, Gross MarginsHER.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HER is still creating some value.
  • HER has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for HER has been reduced compared to 5 years ago.
  • The debt/assets ratio for HER is higher compared to a year ago.
HER.MI Yearly Shares OutstandingHER.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B
HER.MI Yearly Total Debt VS Total AssetsHER.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • HER has an Altman-Z score of 2.45. This is not the best score and indicates that HER is in the grey zone with still only limited risk for bankruptcy at the moment.
  • HER has a Altman-Z score of 2.45. This is amongst the best in the industry. HER outperforms 100.00% of its industry peers.
  • The Debt to FCF ratio of HER is 27.04, which is on the high side as it means it would take HER, 27.04 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 27.04, HER is doing good in the industry, outperforming 72.22% of the companies in the same industry.
  • A Debt/Equity ratio of 1.24 is on the high side and indicates that HER has dependencies on debt financing.
  • HER has a better Debt to Equity ratio (1.24) than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 27.04
Altman-Z 2.45
ROIC/WACC1.53
WACC5.51%
HER.MI Yearly LT Debt VS Equity VS FCFHER.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

2.3 Liquidity

  • A Current Ratio of 1.19 indicates that HER should not have too much problems paying its short term obligations.
  • HER has a Current ratio of 1.19. This is amongst the best in the industry. HER outperforms 88.89% of its industry peers.
  • A Quick Ratio of 1.12 indicates that HER should not have too much problems paying its short term obligations.
  • HER has a Quick ratio of 1.12. This is amongst the best in the industry. HER outperforms 94.44% of its industry peers.
Industry RankSector Rank
Current Ratio 1.19
Quick Ratio 1.12
HER.MI Yearly Current Assets VS Current LiabilitesHER.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 17.73% over the past year.
  • Measured over the past 5 years, HER shows a small growth in Earnings Per Share. The EPS has been growing by 5.51% on average per year.
  • HER shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.42%.
  • Measured over the past years, HER shows a quite strong growth in Revenue. The Revenue has been growing by 13.27% on average per year.
EPS 1Y (TTM)17.73%
EPS 3Y13.92%
EPS 5Y5.51%
EPS Q2Q%-0.45%
Revenue 1Y (TTM)16.42%
Revenue growth 3Y6.89%
Revenue growth 5Y13.27%
Sales Q2Q%-2.69%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.26% on average over the next years.
  • Based on estimates for the next years, HER will show a decrease in Revenue. The Revenue will decrease by -1.84% on average per year.
EPS Next Y7.79%
EPS Next 2Y4.51%
EPS Next 3Y4.54%
EPS Next 5Y3.26%
Revenue Next Year-12.34%
Revenue Next 2Y-5.67%
Revenue Next 3Y-2.84%
Revenue Next 5Y-1.84%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
HER.MI Yearly Revenue VS EstimatesHER.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B
HER.MI Yearly EPS VS EstimatesHER.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.1 0.2 0.3

More info and screens

Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 8.40, which indicates a very decent valuation of HER.
  • HER's Price/Earnings ratio is rather cheap when compared to the industry. HER is cheaper than 88.89% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HER to the average of the S&P500 Index (27.93), we can say HER is valued rather cheaply.
  • The Price/Forward Earnings ratio is 12.79, which indicates a correct valuation of HER.
  • HER's Price/Forward Earnings ratio is rather cheap when compared to the industry. HER is cheaper than 88.89% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. HER is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.4
Fwd PE 12.79
HER.MI Price Earnings VS Forward Price EarningsHER.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HER is valued cheaper than 83.33% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, HER is valued a bit cheaper than the industry average as 72.22% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 31.79
EV/EBITDA 5.81
HER.MI Per share dataHER.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • HER's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of HER may justify a higher PE ratio.
PEG (NY)1.08
PEG (5Y)1.52
EPS Next 2Y4.51%
EPS Next 3Y4.54%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • HER has a Yearly Dividend Yield of 3.59%.
  • HER's Dividend Yield is slightly below the industry average, which is at 4.14.
  • Compared to an average S&P500 Dividend Yield of 1.81, HER pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.59%

5.2 History

  • On average, the dividend of HER grows each year by 9.46%, which is quite nice.
Dividend Growth(5Y)9.46%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 36.07% of the earnings are spent on dividend by HER. This is a low number and sustainable payout ratio.
  • HER's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP36.07%
EPS Next 2Y4.51%
EPS Next 3Y4.54%
HER.MI Yearly Income VS Free CF VS DividendHER.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M
HER.MI Dividend Payout.HER.MI Dividend Payout, showing the Payout Ratio.HER.MI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

HERA SPA

BIT:HER (2/9/2026, 4:58:05 PM)

4.202

-0.01 (-0.24%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-12
Earnings (Next)03-25
Inst Owners22.33%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.26B
Revenue(TTM)21.04B
Net Income(TTM)724.50M
Analysts80
Price Target4.61 (9.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.59%
Yearly Dividend0.17
Dividend Growth(5Y)9.46%
DP36.07%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.26%
PT rev (3m)8.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.23%
EPS NY rev (3m)1.16%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.99%
Valuation
Industry RankSector Rank
PE 8.4
Fwd PE 12.79
P/S 0.3
P/FCF 31.79
P/OCF 5.38
P/B 1.62
P/tB N/A
EV/EBITDA 5.81
EPS(TTM)0.5
EY11.9%
EPS(NY)0.33
Fwd EY7.82%
FCF(TTM)0.13
FCFY3.15%
OCF(TTM)0.78
OCFY18.58%
SpS14.13
BVpS2.6
TBVpS-1.49
PEG (NY)1.08
PEG (5Y)1.52
Graham Number5.4
Profitability
Industry RankSector Rank
ROA 5.12%
ROE 18.73%
ROCE 12.4%
ROIC 8.42%
ROICexc 9.39%
ROICexgc 29.89%
OM 5.83%
PM (TTM) 3.44%
GM 43.42%
FCFM 0.94%
ROA(3y)2.57%
ROA(5y)2.56%
ROE(3y)11.26%
ROE(5y)10.89%
ROIC(3y)5.37%
ROIC(5y)5.24%
ROICexc(3y)6.37%
ROICexc(5y)6.12%
ROICexgc(3y)22.48%
ROICexgc(5y)21.02%
ROCE(3y)8.03%
ROCE(5y)7.84%
ROICexgc growth 3Y12.09%
ROICexgc growth 5Y12.87%
ROICexc growth 3Y6.53%
ROICexc growth 5Y6.34%
OM growth 3Y3.35%
OM growth 5Y-3.88%
PM growth 3Y6.68%
PM growth 5Y-7.22%
GM growth 3Y7.1%
GM growth 5Y-1.88%
F-Score6
Asset Turnover1.49
Health
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 27.04
Debt/EBITDA 2.65
Cap/Depr 166.28%
Cap/Sales 4.59%
Interest Coverage 6.5
Cash Conversion 64.34%
Profit Quality 27.18%
Current Ratio 1.19
Quick Ratio 1.12
Altman-Z 2.45
F-Score6
WACC5.51%
ROIC/WACC1.53
Cap/Depr(3y)151.99%
Cap/Depr(5y)138.41%
Cap/Sales(3y)5.23%
Cap/Sales(5y)5.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.73%
EPS 3Y13.92%
EPS 5Y5.51%
EPS Q2Q%-0.45%
EPS Next Y7.79%
EPS Next 2Y4.51%
EPS Next 3Y4.54%
EPS Next 5Y3.26%
Revenue 1Y (TTM)16.42%
Revenue growth 3Y6.89%
Revenue growth 5Y13.27%
Sales Q2Q%-2.69%
Revenue Next Year-12.34%
Revenue Next 2Y-5.67%
Revenue Next 3Y-2.84%
Revenue Next 5Y-1.84%
EBIT growth 1Y5.53%
EBIT growth 3Y10.46%
EBIT growth 5Y8.88%
EBIT Next Year91.39%
EBIT Next 3Y26.89%
EBIT Next 5Y20.14%
FCF growth 1Y-67.41%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-14.75%
OCF growth 3Y-6.56%
OCF growth 5Y3.17%

HERA SPA / HER.MI FAQ

What is the ChartMill fundamental rating of HERA SPA (HER.MI) stock?

ChartMill assigns a fundamental rating of 6 / 10 to HER.MI.


What is the valuation status for HER stock?

ChartMill assigns a valuation rating of 7 / 10 to HERA SPA (HER.MI). This can be considered as Undervalued.


How profitable is HERA SPA (HER.MI) stock?

HERA SPA (HER.MI) has a profitability rating of 6 / 10.


Can you provide the financial health for HER stock?

The financial health rating of HERA SPA (HER.MI) is 6 / 10.


Is the dividend of HERA SPA sustainable?

The dividend rating of HERA SPA (HER.MI) is 5 / 10 and the dividend payout ratio is 36.07%.