HER Stock Analysis: Hera S.p.A | MI
Utilities - Diversified | MI, Italy | Market Cap: 5.360m EUR | 12M Return: -0.3% | IT0001250932 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.48M
EPS Trend: 63.9%
Rev. Trend: -43.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Hera S.p.A. is an Italian multi-utility company headquartered in Bologna, operating across three core segments: waste management, water services, and energy. Founded in 2002, the company generates revenue from the sale and distribution of natural gas and methane, electricity generation and supply, district heating, and the full water cycle including aqueducts, purification, and sewage. It also provides public lighting, telecommunications, and environmental services such as street sweeping and waste collection, serving both residential and business customers across Italy.
As a multi-utility, Hera typically operates many of its services under long-term concession agreements with local municipalities, which is the standard regulatory framework for water and waste services in Italy. Operations in these regulated segments are overseen by ARERA, the Italian Regulatory Authority for Energy, Networks, and Environment, which sets tariffs and service quality standards.
- Gas distribution margins pressured by ARERA tariff revisions
- Waste management segment scales on Italy circular economy demand
- M&A pipeline accelerates consolidation of regional Italian utilities
| Net Income: 470.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.27 > 1.0 |
| NWC/Revenue: 5.06% < 20% (prev 5.30%; Δ -0.24% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.27b > Net Income 470.5m |
| Net Debt (4.62b) to EBITDA (1.79b): 2.58 < 3 |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.46b) vs 12m ago 0.51% < -2% |
| Gross Margin: 18.47% > 18% (prev 41.16%; Δ -22.69% > 0.5%) |
| Asset Turnover: 85.14% > 50% (prev 99.93%; Δ -14.79% > 0%) |
| Interest Coverage Ratio: 4.72 > 6 (EBIT TTM 1.19b / Interest Expense TTM 253.0m) |
| A: 0.04 (Total Current Assets 5.43b - Total Current Liabilities 4.80b) / Total Assets 15.1b |
| B: 0.02 (Retained Earnings 235.5m / Total Assets 15.1b) |
| C: 0.08 (EBIT TTM 1.19b / Avg Total Assets 14.7b) |
| D: 0.38 (Book Value of Equity 4.07b / Total Liabilities 10.7b) |
| Altman-Z'' = 1.27 = BB |
| DSRI: 1.16 (Receivables 2.82b/2.77b, Revenue 12.5b/14.3b) |
| GMI: 2.23 (GM 41.16% / 18.47%) |
| AQI: 1.02 (AQ_t 0.47 / AQ_t-1 0.47) |
| SGI: 0.88 (Revenue 12.5b / 14.3b) |
| TATA: -0.05 (NI 470.5m - CFO 1.27b) / TA 15.1b) |
| Beneish M = -1.86 (Cap -4..+1) = B |
As of September 27, 2026, the stock is trading at EUR 3.55 with a total of 1,392,135 shares traded. Over the past week, the price has changed by -1.28%, over one month by -8.68%, over three months by -3.58% and over the past year by -0.27%.
Current recommended Stop Loss: 3.40 (which is 4.2% or 2.1 ATR below the current price).
Hera S.p.A has no consensus analysts rating.
P/E Trailing = 11.3625
P/E Forward = 15.1745
P/S = 0.423
P/B = 1.3208
P/EG = 2.5307
Revenue TTM = 12.5b EUR
EBIT TTM = 1.19b EUR
EBITDA TTM = 1.79b EUR
Long Term Debt = 4.87b EUR (from longTermDebt, last quarter)
Short Term Debt = 873.5m EUR (from shortTermDebt, last quarter)
Debt = 5.92b EUR (from shortLongTermDebtTotal, last quarter) + Leases 85.9m
Net Debt = 4.62b EUR (calculated: Debt 5.92b - CCE 1.29b)
Enterprise Value = 9.98b EUR (5.36b + Debt 5.92b - CCE 1.29b)
Interest Coverage Ratio = 4.72 (Ebit TTM 1.19b / Interest Expense TTM 253.0m)
EV/FCF = 32.47x (Enterprise Value 9.98b / FCF TTM 307.4m)
FCF Yield = 3.08% (FCF TTM 307.4m / Enterprise Value 9.98b)
FCF Margin = 2.45% (FCF TTM 307.4m / Revenue TTM 12.5b)
Net Margin = 3.75% (Net Income TTM 470.5m / Revenue TTM 12.5b)
Gross Margin = 18.47% ((Revenue TTM 12.5b - Cost of Revenue TTM 10.2b) / Revenue TTM)
Gross Margin QoQ = 9.33% (prev 7.08%)
Tobins Q-Ratio = 0.66 (Enterprise Value 9.98b / Total Assets 15.1b)
Interest Expense / Debt = 4.28% (Interest Expense 253.0m / Debt 5.92b)
Taxrate = 28.76% (206.9m / 719.5m)
NOPAT = 850.2m (EBIT 1.19b * (1 - 28.76%))
Current Ratio = 1.13 (Total Current Assets 5.43b / Total Current Liabilities 4.80b)
Debt / Equity = 1.45 (Debt 5.92b / totalStockholderEquity, last quarter 4.07b)
Debt / EBITDA = 2.58 (Net Debt 4.62b / EBITDA 1.79b)
Debt / FCF = 15.03 (Net Debt 4.62b / FCF TTM 307.4m)
Total Stockholder Equity = 4.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.20% (Net Income 470.5m / Total Assets 15.1b)
RoE = 11.57% (Net Income TTM 470.5m / Total Stockholder Equity 4.07b)
RoCE = 13.36% (EBIT 1.19b / Capital Employed (Equity 4.07b + L.T.Debt 4.87b))
RoIC = 8.04% (NOPAT 850.2m / Invested Capital 10.6b)
WACC = 4.19% (E(5.36b)/V(11.3b) * Re(5.46%) + D(5.92b)/V(11.3b) * Rd(4.28%) * (1-Tc(0.29)))
Discount Rate = 5.46% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.98 | Cagr: 0.60%
[DCF] Terminal Value 74.47% ; FCFF base≈316.3m ; Y1≈299.6m ; Y5≈282.4m
[DCF] Fair Price = N/A (negative equity: EV 4.45b - Net Debt 4.62b = -171.0m; debt exceeds intrinsic value)
EPS Correlation: 63.95 | EPS CAGR: 7.22% | SUE: N/A | # QB: 0
Revenue Correlation: -43.93 | Revenue CAGR: -4.72% | SUE: 0.27 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.32 | Chg30d=+1.05% | Revisions=+50% | GrowthEPS=+0.3% | GrowthRev=-2.6%
EPS next Year (2027-12-31): EPS=0.33 | Chg30d=+1.10% | Revisions=+50% | GrowthEPS=+4.4% | GrowthRev=+2.4%
[Analyst] Revisions Ratio: +67% (up=6, down=0)