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

Europe • Euronext Milan • BIT:TRN • IT0003242622

9.372 EUR
-0.11 (-1.12%)
Last: Feb 9, 2026, 03:17 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, TRN scores 4 out of 10 in our fundamental rating. TRN was compared to 27 industry peers in the Electric Utilities industry. While TRN belongs to the best of the industry regarding profitability, there are concerns on its financial health. While showing a medium growth rate, TRN is valued expensive at the moment. Finally TRN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

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.
  • Each year in the past 5 years TRN had a positive operating cash flow.
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 0 1B -1B 2B

1.2 Ratios

  • TRN has a better Return On Assets (5.70%) than 77.78% of its industry peers.
  • With a decent Return On Equity value of 21.30%, TRN is doing good in the industry, outperforming 74.07% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 8.22%, TRN is doing good in the industry, outperforming 70.37% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for TRN is in line with the industry average of 6.36%.
  • The last Return On Invested Capital (8.22%) for TRN is above the 3 year average (5.42%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.7%
ROE 21.3%
ROIC 8.22%
ROA(3y)3.81%
ROA(5y)3.76%
ROE(3y)14.02%
ROE(5y)15.38%
ROIC(3y)5.42%
ROIC(5y)5.17%
TRN.MI Yearly ROA, ROE, ROICTRN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 28.88%, TRN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • TRN's Profit Margin has declined in the last couple of years.
  • TRN's Operating Margin of 47.14% is amongst the best of the industry. TRN outperforms 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.
  • With an excellent Gross Margin value of 80.75%, TRN belongs to the best of the industry, outperforming 81.48% of the companies in the same industry.
  • In the last couple of years the Gross Margin of TRN has remained more or less at the same level.
Industry RankSector Rank
OM 47.14%
PM (TTM) 28.88%
GM 80.75%
OM growth 3Y-0.34%
OM growth 5Y-1.39%
PM growth 3Y-1.94%
PM growth 5Y-2.37%
GM growth 3Y0.01%
GM growth 5Y-0.57%
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 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TRN is creating some value.
  • Compared to 1 year ago, TRN has about the same amount of shares outstanding.
  • The number of shares outstanding for TRN has been reduced compared to 5 years ago.
  • Compared to 1 year ago, TRN has an improved debt to assets ratio.
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

  • Based on the Altman-Z score of 1.26, we must say that TRN is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of TRN (1.26) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.78 is on the high side and indicates that TRN has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.78, TRN is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.78
Debt/FCF N/A
Altman-Z 1.26
ROIC/WACC1.44
WACC5.7%
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 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.
  • TRN has a Current ratio (0.81) which is in line with its industry peers.
  • A Quick Ratio of 0.79 indicates that TRN may have some problems paying its short term obligations.
  • TRN has a Quick ratio (0.79) which is in line with 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

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

  • TRN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.58%.
  • The Earnings Per Share has been growing slightly by 6.80% on average over the past years.
  • TRN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.80%.
  • TRN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.59% yearly.
EPS 1Y (TTM)6.58%
EPS 3Y9.92%
EPS 5Y6.8%
EPS Q2Q%0%
Revenue 1Y (TTM)15.8%
Revenue growth 3Y12.58%
Revenue growth 5Y9.59%
Sales Q2Q%10.65%

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 3.26% on average per year.
  • TRN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.88% yearly.
EPS Next Y4.65%
EPS Next 2Y2.45%
EPS Next 3Y3.29%
EPS Next 5Y3.26%
Revenue Next Year11.03%
Revenue Next 2Y9.25%
Revenue Next 3Y9.31%
Revenue Next 5Y7.88%

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 stable.
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

More info and screens

Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 17.04 indicates a rather expensive valuation of TRN.
  • The rest of the industry has a similar Price/Earnings ratio as TRN.
  • When comparing the Price/Earnings ratio of TRN to the average of the S&P500 Index (27.93), we can say TRN is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 17.24, which indicates a rather expensive current valuation of TRN.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TRN is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. TRN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.04
Fwd PE 17.24
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

  • 70.37% of the companies in the same industry are more expensive than TRN, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.14
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TRN does not grow enough to justify the current Price/Earnings ratio.
  • TRN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.66
PEG (5Y)2.51
EPS Next 2Y2.45%
EPS Next 3Y3.29%

More info and screens

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.24%, TRN is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.17, TRN pays a bit more dividend than its industry peers.
  • TRN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 4.24%

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 2Y2.45%
EPS Next 3Y3.29%
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 0 500M -500M 1B -1B
TRN.MI Dividend Payout.TRN.MI Dividend Payout, showing the Payout Ratio.TRN.MI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

TERNA-RETE ELETTRICA NAZIONA

BIT:TRN (2/9/2026, 3:17:17 PM)

9.372

-0.11 (-1.12%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-13
Earnings (Next)03-23
Inst Owners30.95%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap18.84B
Revenue(TTM)3.62B
Net Income(TTM)1.60B
Analysts65.22
Price Target9.48 (1.15%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.24%
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)2
Avg EPS beat(2)7.9%
Min EPS beat(2)5.01%
Max EPS beat(2)10.78%
EPS beat(4)4
Avg EPS beat(4)7.67%
Min EPS beat(4)4.64%
Max EPS beat(4)10.78%
EPS beat(8)6
Avg EPS beat(8)1.43%
EPS beat(12)7
Avg EPS beat(12)-7.47%
EPS beat(16)9
Avg EPS beat(16)-5.46%
Revenue beat(2)1
Avg Revenue beat(2)-0.03%
Min Revenue beat(2)-0.68%
Max Revenue beat(2)0.61%
Revenue beat(4)3
Avg Revenue beat(4)3.28%
Min Revenue beat(4)-0.68%
Max Revenue beat(4)10.66%
Revenue beat(8)7
Avg Revenue beat(8)3.07%
Revenue beat(12)10
Avg Revenue beat(12)10.23%
Revenue beat(16)14
Avg Revenue beat(16)32.58%
PT rev (1m)1.91%
PT rev (3m)4.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.83%
EPS NY rev (3m)-0.78%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 17.04
Fwd PE 17.24
P/S 3.4
P/FCF N/A
P/OCF 9.5
P/B 2.51
P/tB 2.93
EV/EBITDA 8.14
EPS(TTM)0.55
EY5.87%
EPS(NY)0.54
Fwd EY5.8%
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)0.99
OCFY10.53%
SpS2.75
BVpS3.74
TBVpS3.2
PEG (NY)3.66
PEG (5Y)2.51
Graham Number6.8
Profitability
Industry RankSector Rank
ROA 5.7%
ROE 21.3%
ROCE 12.75%
ROIC 8.22%
ROICexc 9.41%
ROICexgc 9.96%
OM 47.14%
PM (TTM) 28.88%
GM 80.75%
FCFM N/A
ROA(3y)3.81%
ROA(5y)3.76%
ROE(3y)14.02%
ROE(5y)15.38%
ROIC(3y)5.42%
ROIC(5y)5.17%
ROICexc(3y)6.18%
ROICexc(5y)6.04%
ROICexgc(3y)6.53%
ROICexgc(5y)6.36%
ROCE(3y)8.16%
ROCE(5y)7.91%
ROICexgc growth 3Y2.03%
ROICexgc growth 5Y0.82%
ROICexc growth 3Y1.83%
ROICexc growth 5Y0.59%
OM growth 3Y-0.34%
OM growth 5Y-1.39%
PM growth 3Y-1.94%
PM growth 5Y-2.37%
GM growth 3Y0.01%
GM growth 5Y-0.57%
F-Score5
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 1.78
Debt/FCF N/A
Debt/EBITDA 3.81
Cap/Depr 324.54%
Cap/Sales 52.83%
Interest Coverage 6.57
Cash Conversion 56.48%
Profit Quality N/A
Current Ratio 0.81
Quick Ratio 0.79
Altman-Z 1.26
F-Score5
WACC5.7%
ROIC/WACC1.44
Cap/Depr(3y)274.34%
Cap/Depr(5y)249.54%
Cap/Sales(3y)67.98%
Cap/Sales(5y)63.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.58%
EPS 3Y9.92%
EPS 5Y6.8%
EPS Q2Q%0%
EPS Next Y4.65%
EPS Next 2Y2.45%
EPS Next 3Y3.29%
EPS Next 5Y3.26%
Revenue 1Y (TTM)15.8%
Revenue growth 3Y12.58%
Revenue growth 5Y9.59%
Sales Q2Q%10.65%
Revenue Next Year11.03%
Revenue Next 2Y9.25%
Revenue Next 3Y9.31%
Revenue Next 5Y7.88%
EBIT growth 1Y12.98%
EBIT growth 3Y12.2%
EBIT growth 5Y8.06%
EBIT Next Year65.86%
EBIT Next 3Y24.13%
EBIT Next 5Y16.84%
FCF growth 1Y-1095.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y12.85%
OCF growth 3Y20.84%
OCF growth 5Y2.54%

TERNA-RETE ELETTRICA NAZIONA / TRN.MI 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.


Can you provide the valuation status for TERNA-RETE ELETTRICA NAZIONA?

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


Can you provide the profitability details for TERNA-RETE ELETTRICA NAZIONA?

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


Can you provide the financial health for TRN stock?

The financial health rating of TERNA-RETE ELETTRICA NAZIONA (TRN.MI) is 2 / 10.


How sustainable is the dividend of TERNA-RETE ELETTRICA NAZIONA (TRN.MI) stock?

The dividend rating of TERNA-RETE ELETTRICA NAZIONA (TRN.MI) is 7 / 10 and the dividend payout ratio is 49.65%.