HERA SPA (HER.MI) Fundamental Analysis & Valuation

BIT:HER • IT0001250932

Current stock price

4.074 EUR
+0.05 (+1.14%)
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.
  • HER had a positive operating cash flow in the past year.
  • Each year in the past 5 years HER has been profitable.
  • Each year in the past 5 years HER had a positive operating cash flow.
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 95.00% of its industry peers.
  • HER's Return On Equity of 18.73% is amongst the best of the industry. HER outperforms 90.00% of its industry peers.
  • HER has a better Return On Invested Capital (8.42%) than 95.00% 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 5.25%.
  • 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 70.00% of its industry peers.
  • In the last couple of years the Profit Margin of HER has declined.
  • HER has a Operating Margin of 5.83%. This is amonst the worse of the industry: HER underperforms 80.00% of its industry peers.
  • In the last couple of years the Operating Margin of HER has declined.
  • With a decent Gross Margin value of 43.42%, HER is doing good in the industry, outperforming 65.00% of the companies in the same industry.
  • 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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6

2. HER.MI Health Analysis

2.1 Basic Checks

  • HER has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
  • HER has a worse debt/assets ratio than last year.
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 2.43. 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 better Altman-Z score (2.43) 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 75.00% 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 70.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF 27.04
Altman-Z 2.43
ROIC/WACC1.55
WACC5.43%
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.
  • Looking at the Current ratio, with a value of 1.19, HER belongs to the top of the industry, outperforming 90.00% 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 has a better Quick ratio (1.12) than 95.00% 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

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

4

3. HER.MI Growth Analysis

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%.
  • The Revenue has been growing by 13.27% on average over the past years. This is quite good.
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

  • HER is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.03% yearly.
  • Based on estimates for the next years, HER will show a decrease in Revenue. The Revenue will decrease by -1.49% on average per year.
EPS Next Y5.51%
EPS Next 2Y3.79%
EPS Next 3Y3.48%
EPS Next 5Y3.03%
Revenue Next Year-9.67%
Revenue Next 2Y-4.54%
Revenue Next 3Y-2.33%
Revenue Next 5Y-1.49%

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.
  • 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 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

  • With a Price/Earnings ratio of 8.15, the valuation of HER can be described as very reasonable.
  • Based on the Price/Earnings ratio, HER is valued cheaply inside the industry as 90.00% 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 25.70.
  • Based on the Price/Forward Earnings ratio of 12.57, the valuation of HER can be described as correct.
  • Based on the Price/Forward Earnings ratio, HER is valued cheaper than 90.00% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of HER to the average of the S&P500 Index (23.84), we can say HER is valued slightly cheaper.
Industry RankSector Rank
PE 8.15
Fwd PE 12.57
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HER indicates a rather cheap valuation: HER is cheaper than 90.00% of the companies listed in the same industry.
  • 75.00% of the companies in the same industry are more expensive than HER, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 30.82
EV/EBITDA 5.66
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.
  • HER has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.48
PEG (5Y)1.48
EPS Next 2Y3.79%
EPS Next 3Y3.48%

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

5

5. HER.MI Dividend Analysis

5.1 Amount

  • HER has a Yearly Dividend Yield of 3.63%.
  • HER's Dividend Yield is slightly below the industry average, which is at 3.96.
  • Compared to an average S&P500 Dividend Yield of 1.82, HER pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.63%

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

  • 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 2Y3.79%
EPS Next 3Y3.48%
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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HER.MI Fundamentals: All Metrics, Ratios and Statistics

HERA SPA

BIT:HER (3/13/2026, 7:00:00 PM)

4.074

+0.05 (+1.14%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-12
Earnings (Next)03-25
Inst Owners22.03%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.07B
Revenue(TTM)21.04B
Net Income(TTM)724.50M
Analysts82
Price Target4.61 (13.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.63%
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)-2.12%
EPS NY rev (3m)-1.89%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.05%
Revenue NY rev (3m)3.05%
Valuation
Industry RankSector Rank
PE 8.15
Fwd PE 12.57
P/S 0.29
P/FCF 30.82
P/OCF 5.22
P/B 1.57
P/tB N/A
EV/EBITDA 5.66
EPS(TTM)0.5
EY12.27%
EPS(NY)0.32
Fwd EY7.95%
FCF(TTM)0.13
FCFY3.24%
OCF(TTM)0.78
OCFY19.16%
SpS14.13
BVpS2.6
TBVpS-1.49
PEG (NY)1.48
PEG (5Y)1.48
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 2.43
F-Score6
WACC5.43%
ROIC/WACC1.55
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 Y5.51%
EPS Next 2Y3.79%
EPS Next 3Y3.48%
EPS Next 5Y3.03%
Revenue 1Y (TTM)16.42%
Revenue growth 3Y6.89%
Revenue growth 5Y13.27%
Sales Q2Q%-2.69%
Revenue Next Year-9.67%
Revenue Next 2Y-4.54%
Revenue Next 3Y-2.33%
Revenue Next 5Y-1.49%
EBIT growth 1Y5.53%
EBIT growth 3Y10.46%
EBIT growth 5Y8.88%
EBIT Next Year88.95%
EBIT Next 3Y26.2%
EBIT Next 5Y16.23%
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 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 6 / 10 to HERA SPA (HER.MI). This can be considered as Fairly Valued.


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%.