TERNA-RETE ELETTRICA NAZIONA (TRN.MI) Fundamental Analysis & Valuation

BIT:TRN • IT0003242622

Current stock price

10.305 EUR
+0.25 (+2.49%)
Last:

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

7

1. TRN.MI Profitability Analysis

1.1 Basic Checks

  • In the past year TRN was profitable.
  • TRN had a positive operating cash flow in the past year.
  • Each year in the past 5 years TRN has been profitable.
  • TRN had a positive operating cash flow in each of the past 5 years.
TRN.MI Yearly Net Income VS EBIT VS OCF VS FCFTRN.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 1B -1B 2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.71%, TRN belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
  • TRN has a better Return On Equity (21.35%) than 77.78% of its industry peers.
  • TRN has a Return On Invested Capital of 8.25%. This is in the better half of the industry: TRN outperforms 70.37% of its industry peers.
Industry RankSector Rank
ROA 5.71%
ROE 21.35%
ROIC 8.25%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TRN.MI Yearly ROA, ROE, ROICTRN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of TRN (27.25%) is better than 96.30% of its industry peers.
  • TRN's Profit Margin has declined in the last couple of years.
  • TRN has a better Operating Margin (45.05%) than 96.30% of its industry peers.
  • In the last couple of years the Operating Margin of TRN has remained more or less at the same level.
  • TRN has a better Gross Margin (81.07%) than 77.78% of its industry peers.
  • In the last couple of years the Gross Margin of TRN has remained more or less at the same level.
Industry RankSector Rank
OM 45.05%
PM (TTM) 27.25%
GM 81.07%
OM growth 3Y-1.07%
OM growth 5Y-0.94%
PM growth 3Y-2.32%
PM growth 5Y-3.56%
GM growth 3Y0.97%
GM growth 5Y0.15%
TRN.MI Yearly Profit, Operating, Gross MarginsTRN.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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1

2. TRN.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TRN is still creating some value.
  • TRN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TRN.MI Yearly Shares OutstandingTRN.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
TRN.MI Yearly Total Debt VS Total AssetsTRN.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • TRN has an Altman-Z score of 1.31. This is a bad value and indicates that TRN is not financially healthy and even has some risk of bankruptcy.
  • TRN's Altman-Z score of 1.31 is in line compared to the rest of the industry. TRN outperforms 51.85% of its industry peers.
  • TRN has a Debt/Equity ratio of 1.78. This is a high value indicating a heavy dependency on external financing.
  • TRN has a worse Debt to Equity ratio (1.78) than 74.07% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.78
Debt/FCF N/A
Altman-Z 1.31
ROIC/WACC1.2
WACC6.87%
TRN.MI Yearly LT Debt VS Equity VS FCFTRN.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 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 0.81 indicates that TRN may have some problems paying its short term obligations.
  • With a Current ratio value of 0.81, TRN is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • TRN has a Quick Ratio of 0.81. This is a bad value and indicates that TRN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TRN has a Quick ratio of 0.79. This is comparable to the rest of the industry: TRN outperforms 51.85% of its industry peers.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.79
TRN.MI Yearly Current Assets VS Current LiabilitesTRN.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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

4

3. TRN.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.11% over the past year.
  • TRN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.50% yearly.
  • TRN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.61%.
  • Measured over the past years, TRN shows a quite strong growth in Revenue. The Revenue has been growing by 11.15% on average per year.
EPS 1Y (TTM)8.11%
EPS 3Y9.2%
EPS 5Y7.5%
EPS Q2Q%7.44%
Revenue 1Y (TTM)9.61%
Revenue growth 3Y11.64%
Revenue growth 5Y11.15%
Sales Q2Q%11.42%

3.2 Future

  • Based on estimates for the next years, TRN will show a small growth in Earnings Per Share. The EPS will grow by 3.46% on average per year.
  • The Revenue is expected to grow by 7.08% on average over the next years.
EPS Next Y-1.1%
EPS Next 2Y1.4%
EPS Next 3Y2%
EPS Next 5Y3.46%
Revenue Next Year8.15%
Revenue Next 2Y8.3%
Revenue Next 3Y8.17%
Revenue Next 5Y7.08%

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.
TRN.MI Yearly Revenue VS EstimatesTRN.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B 5B
TRN.MI Yearly EPS VS EstimatesTRN.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.2 0.4 0.6

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3

4. TRN.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 18.40, TRN is valued on the expensive side.
  • 62.96% of the companies in the same industry are more expensive than TRN, based on the Price/Earnings ratio.
  • TRN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 18.61 indicates a rather expensive valuation of TRN.
  • TRN's Price/Forward Earnings ratio is in line with the industry average.
  • TRN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.69.
Industry RankSector Rank
PE 18.4
Fwd PE 18.61
TRN.MI Price Earnings VS Forward Price EarningsTRN.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, TRN is valued a bit cheaper than the industry average as 70.37% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.23
TRN.MI Per share dataTRN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

  • TRN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.45
EPS Next 2Y1.4%
EPS Next 3Y2%

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

7

5. TRN.MI Dividend Analysis

5.1 Amount

  • TRN has a Yearly Dividend Yield of 4.14%, which is a nice return.
  • TRN's Dividend Yield is a higher than the industry average which is at 3.08.
  • Compared to an average S&P500 Dividend Yield of 1.89, TRN pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.14%

5.2 History

  • On average, the dividend of TRN grows each year by 7.81%, which is quite nice.
Dividend Growth(5Y)7.81%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 49.65% of the earnings are spent on dividend by TRN. This is a bit on the high side, but may be sustainable.
  • The dividend of TRN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP49.65%
EPS Next 2Y1.4%
EPS Next 3Y2%
TRN.MI Yearly Income VS Free CF VS DividendTRN.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 1B -1B
TRN.MI Dividend Payout.TRN.MI Dividend Payout, showing the Payout Ratio.TRN.MI Dividend Payout.PayoutRetained Earnings

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TRN.MI Fundamentals: All Metrics, Ratios and Statistics

TERNA-RETE ELETTRICA NAZIONA

BIT:TRN (4/9/2026, 5:36:16 PM)

10.305

+0.25 (+2.49%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)03-26
Earnings (Next)05-07
Inst Owners32.96%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap20.71B
Revenue(TTM)5.88B
Net Income(TTM)1.60B
Analysts66.4
Price Target9.6 (-6.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.14%
Yearly Dividend0.34
Dividend Growth(5Y)7.81%
DP49.65%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.42%
Min EPS beat(2)-8.06%
Max EPS beat(2)12.91%
EPS beat(4)3
Avg EPS beat(4)5.16%
Min EPS beat(4)-8.06%
Max EPS beat(4)12.91%
EPS beat(8)7
Avg EPS beat(8)6.93%
EPS beat(12)7
Avg EPS beat(12)-6.65%
EPS beat(16)10
Avg EPS beat(16)-4.91%
Revenue beat(2)1
Avg Revenue beat(2)0.24%
Min Revenue beat(2)-0.29%
Max Revenue beat(2)0.77%
Revenue beat(4)2
Avg Revenue beat(4)0.1%
Min Revenue beat(4)-0.68%
Max Revenue beat(4)0.77%
Revenue beat(8)6
Avg Revenue beat(8)2.17%
Revenue beat(12)10
Avg Revenue beat(12)2.41%
Revenue beat(16)13
Avg Revenue beat(16)13.66%
PT rev (1m)1.25%
PT rev (3m)3.18%
EPS NQ rev (1m)-2.45%
EPS NQ rev (3m)-2.45%
EPS NY rev (1m)0%
EPS NY rev (3m)0.62%
Revenue NQ rev (1m)0.9%
Revenue NQ rev (3m)0.9%
Revenue NY rev (1m)1.34%
Revenue NY rev (3m)0.9%
Valuation
Industry RankSector Rank
PE 18.4
Fwd PE 18.61
P/S 3.52
P/FCF N/A
P/OCF 8.22
P/B 2.76
P/tB 3.22
EV/EBITDA 8.23
EPS(TTM)0.56
EY5.43%
EPS(NY)0.55
Fwd EY5.37%
FCF(TTM)-0.5
FCFYN/A
OCF(TTM)1.25
OCFY12.16%
SpS2.93
BVpS3.74
TBVpS3.2
PEG (NY)N/A
PEG (5Y)2.45
Graham Number6.86
Profitability
Industry RankSector Rank
ROA 5.71%
ROE 21.35%
ROCE 12.95%
ROIC 8.25%
ROICexc 9.45%
ROICexgc 10%
OM 45.05%
PM (TTM) 27.25%
GM 81.07%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-1.07%
OM growth 5Y-0.94%
PM growth 3Y-2.32%
PM growth 5Y-3.56%
GM growth 3Y0.97%
GM growth 5Y0.15%
F-Score5
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 1.78
Debt/FCF N/A
Debt/EBITDA 3.71
Cap/Depr 365.79%
Cap/Sales 59.75%
Interest Coverage 250
Cash Conversion 69.74%
Profit Quality N/A
Current Ratio 0.81
Quick Ratio 0.79
Altman-Z 1.31
F-Score5
WACC6.87%
ROIC/WACC1.2
Cap/Depr(3y)319.08%
Cap/Depr(5y)282.14%
Cap/Sales(3y)77.42%
Cap/Sales(5y)69.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.11%
EPS 3Y9.2%
EPS 5Y7.5%
EPS Q2Q%7.44%
EPS Next Y-1.1%
EPS Next 2Y1.4%
EPS Next 3Y2%
EPS Next 5Y3.46%
Revenue 1Y (TTM)9.61%
Revenue growth 3Y11.64%
Revenue growth 5Y11.15%
Sales Q2Q%11.42%
Revenue Next Year8.15%
Revenue Next 2Y8.3%
Revenue Next 3Y8.17%
Revenue Next 5Y7.08%
EBIT growth 1Y5.09%
EBIT growth 3Y10.44%
EBIT growth 5Y10.11%
EBIT Next Year62.34%
EBIT Next 3Y24.01%
EBIT Next 5Y16.87%
FCF growth 1Y13.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y71.46%
OCF growth 3Y2.72%
OCF growth 5Y21.75%

TERNA-RETE ELETTRICA NAZIONA / TRN.MI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of TERNA-RETE ELETTRICA NAZIONA (TRN.MI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to TRN.MI.


What is the valuation status of TERNA-RETE ELETTRICA NAZIONA (TRN.MI) stock?

ChartMill assigns a valuation rating of 3 / 10 to TERNA-RETE ELETTRICA NAZIONA (TRN.MI). This can be considered as Overvalued.


What is the profitability of TRN stock?

TERNA-RETE ELETTRICA NAZIONA (TRN.MI) has a profitability rating of 7 / 10.


How financially healthy is TERNA-RETE ELETTRICA NAZIONA?

The financial health rating of TERNA-RETE ELETTRICA NAZIONA (TRN.MI) is 1 / 10.


What is the earnings growth outlook for TERNA-RETE ELETTRICA NAZIONA?

The Earnings per Share (EPS) of TERNA-RETE ELETTRICA NAZIONA (TRN.MI) is expected to decline by -1.1% in the next year.