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Terna S.p.A. TRN.MI

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Terna S.p.A. statistics & valuation

Market cap€19.8B
P / E18.6×
P / S5.4×
P / B2.6×
Dividend yield3.53%
Net margin29.1%
Return on equity14.1%
FCF margin-30.4%
Net debt€11.5B
Enterprise value USD$36.2B
Earnings yield EBIT/EV5.4%
Return on capital8.4%
Graham number -32.7%€6.64

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 (€6.64); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
30.90% 29.40% 28.10% 29.10% 2021202220232024
Gross margin (%)
91.50% 90.90% 91.60% 2021202220232024
Operating margin (%)
45.30% 44.70% 42.60% 46.60% 2021202220232024
Return on equity (%)
16.90% 14.00% 14.00% 14.10% 2021202220232024
Shares outstanding
2.01B 2.01B 2.01B 2.01B 2021202220232024
Net debt (€)
€10.90B €8.66B €10.69B €11.55B 2021202220232024
Share buybacks (€)
€10.0M €10.0M 2021202220232024
Return on assets (%)
3.50% 3.80% 3.80% 3.90% 2021202220232024
Free cash flow margin (%)
-25.10% 21.20% -37.50% -30.40% 2021202220232024
Debt / equity (×)
2.66× 1.76× 1.91× 1.84× 2021202220232024
EPS (€)
€0.43 €0.44 €0.52 2021202220232024

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

Key ratios (by fiscal year)

RatioFY2024FY2023FY2022FY2021
Gross margin91.6%90.9%91.5%—
Operating margin46.6%42.6%44.7%45.3%
Net margin29.1%28.1%29.4%30.9%
FCF margin-30.4%-37.5%21.2%-25.1%
Return on assets3.9%3.8%3.8%3.5%
Return on equity14.1%14.0%14.0%16.9%
Debt / equity1.52×1.49×1.37×1.89×
Current ratio0.910.670.750.77

Computed from company filings · IT · as of 2024-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.