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Hera S.p.A. HER.MI

IT · Borsa Italiana · XMIL · stock · Utilities · website

Hera S.p.A. statistics & valuation

Market cap€5.6B
P / E12.1×
P / S0.4×
P / B1.4×
P / FCF28.5×
Net margin3.6%
FCF margin1.5%
Net debt€4.1B
Enterprise value USD$11.1B
Earnings yield EBIT/EV8.4%
Return on capital8.4%
Graham number +16.8%€4.44

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€4.44); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
1.30% 2.90% 3.80% 3.60% 2022202320242025
Gross margin (%)
17.30% 37.30% 45.40% 44.70% 2022202320242025
Operating margin (%)
2.70% 5.60% 6.50% 6.30% 2022202320242025
Return on equity (%)
7.50% 12.80% 13.40% 11.40% 2022202320242025
Shares outstanding
1.48B 1.48B 1.48B 1.48B 2022202320242025
Net debt (€)
€3.71B €3.39B €3.48B €4.08B 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
1.50% 2.90% 3.30% 3.30% 2022202320242025
Free cash flow margin (%)
-3.40% 4.90% -0.10% 1.50% 2022202320242025
Debt / equity (×)
1.66× 1.37× 1.30× 1.21× 2022202320242025
EPS (€)
€0.17 €0.30 €0.34 €0.32 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Hera S.p.A. trades at about 12× earnings — near its 10-year norm (10-year range 10.3×–15×, median 13.1×).

10.3× 15×

Shaded band = 10-year range (10.3×–15×); dot = today's 12×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin44.7%45.4%37.3%17.3%
Operating margin6.3%6.5%5.6%2.7%
Net margin3.6%3.8%2.9%1.3%
FCF margin1.5%-0.1%4.9%-3.4%
Return on assets3.3%3.3%2.9%1.5%
Return on equity11.4%13.4%12.8%7.5%
Debt / equity1.05×1.12×1.18×1.52×
Current ratio1.101.051.111.34

Computed from company filings · IT · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.