HERA SPA (HER.MI) Stock Fundamental Analysis

BIT:HER • IT0001250932

4.426 EUR
+0.05 (+1.19%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to HER. HER was compared to 19 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on HER. These ratings would make HER suitable for value investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year HER was profitable.
  • HER had a positive operating cash flow in the past year.
  • In the past 5 years HER has always been profitable.
  • HER had a positive operating cash flow in each of the past 5 years.
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 Return On Assets of 5.12%. This is amongst the best in the industry. HER outperforms 94.74% of its industry peers.
  • With an excellent Return On Equity value of 18.73%, HER belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 8.42%, HER belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for HER is in line with the industry average of 5.80%.
  • The last Return On Invested Capital (8.42%) for HER is above the 3 year average (5.37%), which is a sign of increasing profitability.
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

  • The Profit Margin of HER (3.44%) is worse than 78.95% of its industry peers.
  • HER's Profit Margin has declined in the last couple of years.
  • HER has a Operating Margin of 5.83%. This is amonst the worse of the industry: HER underperforms 89.47% of its industry peers.
  • In the last couple of years the Operating Margin of HER has declined.
  • HER has a Gross Margin of 43.42%. This is in the better half of the industry: HER outperforms 63.16% 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HER is creating some value.
  • The number of shares outstanding for HER remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, HER has less shares outstanding
  • 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 2.46. 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 2.46. This is amongst the best in the industry. HER outperforms 100.00% of its industry peers.
  • HER has a debt to FCF ratio of 27.04. This is a negative value and a sign of low solvency as HER would need 27.04 years to pay back of all of its debts.
  • HER has a Debt to FCF ratio of 27.04. This is in the better half of the industry: HER outperforms 73.68% of its industry peers.
  • A Debt/Equity ratio of 1.24 is on the high side and indicates that HER has dependencies on debt financing.
  • HER's Debt to Equity ratio of 1.24 is fine compared to the rest of the industry. HER outperforms 68.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 27.04
Altman-Z 2.46
ROIC/WACC1.52
WACC5.55%
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.
  • With an excellent Current ratio value of 1.19, HER belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
  • A Quick Ratio of 1.12 indicates that HER should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.12, HER belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
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

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

4

3. Growth

3.1 Past

  • HER shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.73%, which is quite good.
  • HER shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.51% yearly.
  • HER shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.42%.
  • HER shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.27% yearly.
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

  • Based on estimates for the next years, HER will show a small growth in Earnings Per Share. The EPS will grow by 2.65% on average per year.
  • The Revenue is expected to decrease by -1.85% on average over the next years.
EPS Next Y7.79%
EPS Next 2Y4.51%
EPS Next 3Y4.54%
EPS Next 5Y2.65%
Revenue Next Year-12.34%
Revenue Next 2Y-5.67%
Revenue Next 3Y-2.84%
Revenue Next 5Y-1.85%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 2029 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 2029 0.1 0.2 0.3

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.85, the valuation of HER can be described as reasonable.
  • Based on the Price/Earnings ratio, HER is valued cheaply inside the industry as 89.47% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.10. HER is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 13.47 indicates a correct valuation of HER.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HER indicates a rather cheap valuation: HER is cheaper than 89.47% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of HER to the average of the S&P500 Index (28.06), we can say HER is valued rather cheaply.
Industry RankSector Rank
PE 8.85
Fwd PE 13.47
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

  • HER's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. HER is cheaper than 89.47% 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 73.68% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 33.48
EV/EBITDA 5.95
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

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • HER has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.14
PEG (5Y)1.61
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

  • With a Yearly Dividend Yield of 3.50%, HER has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 4.15, HER is paying slightly less dividend.
  • HER's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 3.5%

5.2 History

  • The dividend of HER is nicely growing with an annual growth rate of 9.46%!
Dividend Growth(5Y)9.46%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • HER pays out 36.07% of its income as dividend. This is a 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

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HERA SPA

BIT:HER (2/27/2026, 7:00:00 PM)

4.426

+0.05 (+1.19%)

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 Cap6.59B
Revenue(TTM)21.04B
Net Income(TTM)724.50M
Analysts82
Price Target4.61 (4.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.5%
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%
EPS NY rev (3m)0.94%
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 8.85
Fwd PE 13.47
P/S 0.31
P/FCF 33.48
P/OCF 5.67
P/B 1.7
P/tB N/A
EV/EBITDA 5.95
EPS(TTM)0.5
EY11.3%
EPS(NY)0.33
Fwd EY7.42%
FCF(TTM)0.13
FCFY2.99%
OCF(TTM)0.78
OCFY17.64%
SpS14.13
BVpS2.6
TBVpS-1.49
PEG (NY)1.14
PEG (5Y)1.61
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 2.46
F-Score6
WACC5.55%
ROIC/WACC1.52
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 5Y2.65%
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-1.85%
EBIT growth 1Y5.53%
EBIT growth 3Y10.46%
EBIT growth 5Y8.88%
EBIT Next Year91.39%
EBIT Next 3Y26.89%
EBIT Next 5Y15.8%
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%.