HERA SPA (HER.MI) Fundamental Analysis & Valuation

BIT:HER • IT0001250932

Current stock price

3.902 EUR
-0.04 (-1.06%)
Last:

This HER.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. HER.MI Profitability Analysis

1.1 Basic Checks

  • In the past year HER was profitable.
  • In the past year HER had a positive cash flow from operations.
  • HER had positive earnings in each of the past 5 years.
  • HER had a positive operating cash flow in 4 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 2025 0 500M -500M 1B 1.5B

1.2 Ratios

  • The Return On Assets of HER (5.12%) is better than 88.89% of its industry peers.
  • HER's Return On Equity of 18.73% is amongst the best of the industry. HER outperforms 88.89% of its industry peers.
  • The Return On Invested Capital of HER (8.55%) is better than 94.44% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for HER is in line with the industry average of 5.43%.
  • The last Return On Invested Capital (8.55%) for HER is above the 3 year average (6.37%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.12%
ROE 18.73%
ROIC 8.55%
ROA(3y)3.17%
ROA(5y)2.67%
ROE(3y)12.55%
ROE(5y)11.12%
ROIC(3y)6.37%
ROIC(5y)5.48%
HER.MI Yearly ROA, ROE, ROICHER.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • HER has a Profit Margin of 3.44%. This is in the lower half of the industry: HER underperforms 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of HER has declined.
  • Looking at the Operating Margin, with a value of 5.83%, HER is doing worse than 77.78% of the companies in the same industry.
  • 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 66.67% of its industry peers.
  • HER's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 5.83%
PM (TTM) 3.44%
GM 43.42%
OM growth 3Y40.94%
OM growth 5Y-4.52%
PM growth 3Y41.81%
PM growth 5Y-3.26%
GM growth 3Y39.53%
GM growth 5Y-2.93%
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 2025 10 20 30 40 50

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5

2. HER.MI Health Analysis

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.
  • Compared to 1 year ago, HER has more shares outstanding
  • The number of shares outstanding for HER has been increased compared to 5 years ago.
  • Compared to 1 year ago, HER has an improved debt to assets ratio.
HER.MI Yearly Shares OutstandingHER.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 2.42 indicates that HER is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • HER has a better Altman-Z score (2.42) than 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.
  • HER's Debt to FCF ratio of 27.04 is fine compared to the rest of the industry. HER outperforms 72.22% 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.
  • The Debt to Equity ratio of HER (1.24) is better than 61.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 27.04
Altman-Z 2.42
ROIC/WACC1.61
WACC5.32%
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 2025 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 83.33% of the companies in the same industry.
  • HER has a Quick Ratio of 1.12. This is a normal value and indicates that HER is financially healthy and should not expect problems in meeting its short term obligations.
  • HER's Quick ratio of 1.12 is amongst the best of the industry. HER outperforms 88.89% 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 2025 2B 4B 6B 8B

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4

3. HER.MI Growth Analysis

3.1 Past

  • The earnings per share for HER have decreased by -3.71% in the last year.
  • HER shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.58% yearly.
  • Looking at the last year, HER shows a small growth in Revenue. The Revenue has grown by 4.71% in the last year.
  • Measured over the past years, HER shows a quite strong growth in Revenue. The Revenue has been growing by 12.60% on average per year.
EPS 1Y (TTM)-3.71%
EPS 3Y18.6%
EPS 5Y8.58%
EPS Q2Q%-16.49%
Revenue 1Y (TTM)4.71%
Revenue growth 3Y-13.91%
Revenue growth 5Y12.6%
Sales Q2Q%-18.05%

3.2 Future

  • The Earnings Per Share is expected to grow by 2.42% on average over the next years.
  • HER is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.67% yearly.
EPS Next Y2.1%
EPS Next 2Y2.48%
EPS Next 3Y2.52%
EPS Next 5Y2.42%
Revenue Next Year0.87%
Revenue Next 2Y1.56%
Revenue Next 3Y0.92%
Revenue Next 5Y0.67%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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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6

4. HER.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • HER is valuated reasonably with a Price/Earnings ratio of 8.30.
  • Based on the Price/Earnings ratio, HER is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
  • HER's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.89.
  • The Price/Forward Earnings ratio is 12.04, 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.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, HER is valued a bit cheaper.
Industry RankSector Rank
PE 8.3
Fwd PE 12.04
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

4.2 Price Multiples

  • 88.89% of the companies in the same industry are more expensive than HER, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of HER indicates a somewhat cheap valuation: HER is cheaper than 72.22% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 29.52
EV/EBITDA 5.56
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of HER may justify a higher PE ratio.
PEG (NY)3.95
PEG (5Y)0.97
EPS Next 2Y2.48%
EPS Next 3Y2.52%

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6

5. HER.MI Dividend Analysis

5.1 Amount

  • HER has a Yearly Dividend Yield of 4.06%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.14, HER is paying slightly less dividend.
  • HER's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 4.06%

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.
  • The dividend of HER is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP36.07%
EPS Next 2Y2.48%
EPS Next 3Y2.52%
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 2025 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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HER.MI Fundamentals: All Metrics, Ratios and Statistics

HERA SPA

BIT:HER (3/27/2026, 7:00:00 PM)

3.902

-0.04 (-1.06%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)03-25
Earnings (Next)05-13
Inst Owners22.03%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.81B
Revenue(TTM)19.71B
Net Income(TTM)724.50M
Analysts82
Price Target4.61 (18.14%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.06%
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)0%
PT rev (3m)2.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.37%
EPS NY rev (3m)-1.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.41%
Valuation
Industry RankSector Rank
PE 8.3
Fwd PE 12.04
P/S 0.28
P/FCF 29.52
P/OCF 5
P/B 1.5
P/tB N/A
EV/EBITDA 5.56
EPS(TTM)0.47
EY12.05%
EPS(NY)0.32
Fwd EY8.3%
FCF(TTM)0.13
FCFY3.39%
OCF(TTM)0.78
OCFY20.01%
SpS14.13
BVpS2.6
TBVpS-1.49
PEG (NY)3.95
PEG (5Y)0.97
Graham Number5.24
Profitability
Industry RankSector Rank
ROA 5.12%
ROE 18.73%
ROCE 12.4%
ROIC 8.55%
ROICexc 9.53%
ROICexgc 30.33%
OM 5.83%
PM (TTM) 3.44%
GM 43.42%
FCFM 0.94%
ROA(3y)3.17%
ROA(5y)2.67%
ROE(3y)12.55%
ROE(5y)11.12%
ROIC(3y)6.37%
ROIC(5y)5.48%
ROICexc(3y)7.35%
ROICexc(5y)6.35%
ROICexgc(3y)26.76%
ROICexgc(5y)21.96%
ROCE(3y)9.33%
ROCE(5y)8.05%
ROICexgc growth 3Y31.29%
ROICexgc growth 5Y3.32%
ROICexc growth 3Y20.27%
ROICexc growth 5Y2.34%
OM growth 3Y40.94%
OM growth 5Y-4.52%
PM growth 3Y41.81%
PM growth 5Y-3.26%
GM growth 3Y39.53%
GM growth 5Y-2.93%
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 2.42
F-Score6
WACC5.32%
ROIC/WACC1.61
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.71%
EPS 3Y18.6%
EPS 5Y8.58%
EPS Q2Q%-16.49%
EPS Next Y2.1%
EPS Next 2Y2.48%
EPS Next 3Y2.52%
EPS Next 5Y2.42%
Revenue 1Y (TTM)4.71%
Revenue growth 3Y-13.91%
Revenue growth 5Y12.6%
Sales Q2Q%-18.05%
Revenue Next Year0.87%
Revenue Next 2Y1.56%
Revenue Next 3Y0.92%
Revenue Next 5Y0.67%
EBIT growth 1Y5.53%
EBIT growth 3Y21.33%
EBIT growth 5Y7.51%
EBIT Next Year94.44%
EBIT Next 3Y28.39%
EBIT Next 5Y21.16%
FCF growth 1Y19.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.21%
OCF growth 3YN/A
OCF growth 5YN/A

HERA SPA / HER.MI Fundamental Analysis 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%.