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

BIT:TRN • IT0003242622

Current stock price

10.015 EUR
0 (-0.05%)
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

  • TRN had positive earnings in the past year.
  • 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 84.62% of its industry peers.
  • The Return On Equity of TRN (21.30%) is better than 76.92% of its industry peers.
  • TRN's Return On Invested Capital of 8.22% is fine compared to the rest of the industry. TRN outperforms 69.23% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TRN is in line with the industry average of 6.42%.
  • 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

  • The Profit Margin of TRN (28.88%) is better than 96.15% of its industry peers.
  • TRN's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 47.14%, TRN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TRN has remained more or less at the same level.
  • TRN's Gross Margin of 80.75% is fine compared to the rest of the industry. TRN outperforms 73.08% of its industry peers.
  • TRN's Gross Margin has been stable in the last couple of years.
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

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2

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.
  • The number of shares outstanding for TRN remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, TRN has less shares outstanding
  • 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

  • TRN has an Altman-Z score of 1.29. This is a bad value and indicates that TRN is not financially healthy and even has some risk of bankruptcy.
  • TRN has a Altman-Z score of 1.29. This is comparable to the rest of the industry: TRN outperforms 53.85% of its industry peers.
  • A Debt/Equity ratio of 1.78 is on the high side and indicates that TRN has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.78, TRN is doing worse than 73.08% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.78
Debt/FCF N/A
Altman-Z 1.29
ROIC/WACC1.43
WACC5.75%
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

  • TRN has a Current 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's Current ratio of 0.81 is in line compared to the rest of the industry. TRN outperforms 46.15% of 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

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

5

3. TRN.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.58% over the past year.
  • The Earnings Per Share has been growing slightly by 6.80% on average over the past years.
  • Looking at the last year, TRN shows a quite strong growth in Revenue. The Revenue has grown by 15.80% in the last year.
  • Measured over the past years, TRN shows a quite strong growth in Revenue. The Revenue has been growing by 9.59% on average per year.
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 4.00% on average per year.
  • The Revenue is expected to grow by 8.52% on average over the next years. This is quite good.
EPS Next Y5.66%
EPS Next 2Y3.4%
EPS Next 3Y3.59%
EPS Next 5Y4%
Revenue Next Year11.25%
Revenue Next 2Y9.01%
Revenue Next 3Y9.04%
Revenue Next 5Y8.52%

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 stable: in the next years the growth will be about the same than in the last years.
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

  • TRN is valuated rather expensively with a Price/Earnings ratio of 18.21.
  • TRN's Price/Earnings ratio is a bit cheaper when compared to the industry. TRN is cheaper than 61.54% of the companies in the same industry.
  • TRN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.96.
  • TRN is valuated rather expensively with a Price/Forward Earnings ratio of 18.08.
  • TRN's Price/Forward Earnings ratio is in line with the industry average.
  • TRN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.21
Fwd PE 18.08
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRN indicates a somewhat cheap valuation: TRN is cheaper than 73.08% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.45
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 an expensive valuation of the company.
  • TRN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.22
PEG (5Y)2.68
EPS Next 2Y3.4%
EPS Next 3Y3.59%

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

6

5. TRN.MI Dividend Analysis

5.1 Amount

  • TRN has a Yearly Dividend Yield of 4.00%. Purely for dividend investing, there may be better candidates out there.
  • TRN's Dividend Yield is a higher than the industry average which is at 3.00.
  • TRN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 4%

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

  • TRN pays out 49.65% of its income as dividend. 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 2Y3.4%
EPS Next 3Y3.59%
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

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TRN.MI Fundamentals: All Metrics, Ratios and Statistics

TERNA-RETE ELETTRICA NAZIONA

BIT:TRN (3/16/2026, 5:36:15 PM)

10.015

0 (-0.05%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-13
Earnings (Next)03-26
Inst Owners32.96%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap20.13B
Revenue(TTM)3.62B
Net Income(TTM)1.60B
Analysts66.4
Price Target9.48 (-5.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4%
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)0%
PT rev (3m)2.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.96%
EPS NY rev (3m)-0.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)0.17%
Valuation
Industry RankSector Rank
PE 18.21
Fwd PE 18.08
P/S 3.64
P/FCF N/A
P/OCF 10.15
P/B 2.68
P/tB 3.13
EV/EBITDA 8.45
EPS(TTM)0.55
EY5.49%
EPS(NY)0.55
Fwd EY5.53%
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)0.99
OCFY9.85%
SpS2.75
BVpS3.74
TBVpS3.2
PEG (NY)3.22
PEG (5Y)2.68
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 1.29
F-Score5
WACC5.75%
ROIC/WACC1.43
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 Y5.66%
EPS Next 2Y3.4%
EPS Next 3Y3.59%
EPS Next 5Y4%
Revenue 1Y (TTM)15.8%
Revenue growth 3Y12.58%
Revenue growth 5Y9.59%
Sales Q2Q%10.65%
Revenue Next Year11.25%
Revenue Next 2Y9.01%
Revenue Next 3Y9.04%
Revenue Next 5Y8.52%
EBIT growth 1Y12.98%
EBIT growth 3Y12.2%
EBIT growth 5Y8.06%
EBIT Next Year66.35%
EBIT Next 3Y23.93%
EBIT Next 5Y17.51%
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 Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 5 / 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 6 / 10 and the dividend payout ratio is 49.65%.