Terna Rete Elettrica Nazionale SpA
MIL:TRN
Intrinsic Value
TERNA Rete Elettrica Nazionale SpA engages in the grid operation for the transmission of electricity. [ Read More ]
The intrinsic value of one
TRN
stock under the Base Case scenario is
7.749
EUR.
Compared to the current market price of 7.488 EUR,
Terna Rete Elettrica Nazionale SpA
is
Undervalued by 3%.
Terna Rete Elettrica Nazionale SpA's market capitalization is 15B EUR.
TRN stock price is 7.488 EUR.
TRN stock price (7.488 EUR) is 3% less than its Intrinsic Value (7.749 EUR).
TRN stock price (7.488 EUR) is 14% less than its Relative Value (8.711 EUR). Open Relative Valuation
TRN has upside potential of 10% compared to the average analyst price target.
Open Wall St Estimates
TRN's Revenue has grown by 8% over the past 12 months.
TRN has positive three-year average ROIC (Return on Invested Capital): 9%. The company is efficient at using invested capital to generate operating income.
TRN's ROE (Return on Equity) for the past 12 months is positive and is equal to 14%.
TRN's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 5%.
TRN's Revenue is forecast to grow at a rate of 8% per year over the next 3 years.
TRN's ROIC (Return on Invested Capital) has decreased in the last 3 years from 12% to 5%.
TRN's Revenue has been growing by 10% per year for the last 3 years.
TRN's long-term assets (23B EUR) exceed its long-term liabilties (17B EUR).
TRN's D/E (Debt to Equity) is equal to 1.68.
TRN has positive Net Income for the last twelve months.
TRN's ROE (Return on Equity) has significantly decreased in the last 3 years from 37% to 14%.
TRN's short-term liabilties (6B EUR) exceed its short-term assets (4B EUR).
TRN has very high three-year average ROE (Return on Equity): 26%. The company is very efficient at transforming stockholders' equity into net income.
TRN has positive Operating Income for the last twelve months.
TRN has negative Free Cash Flow for the last twelve months.
TRN has positive Gross Profit for the last twelve months.
TRN has positive Net Debt. This means that the company has more debt (11B EUR) than cash and short-term investments (2B EUR).
TRN's Altman Z-Score is very low and is equal to 1.01.
TRN generates enough operating income (1B EUR) to cover interest payments on its debt (262m EUR).
Valuation Backtest
Terna Rete Elettrica Nazionale SpA
Run backtest to discover the historical profit from buying and selling
TRN
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Terna Rete Elettrica Nazionale SpA
Balance Sheet Decomposition
Terna Rete Elettrica Nazionale SpA
| Current Assets | 4.2B |
| Cash & Short-Term Investments | 1.8B |
| Receivables | 2.3B |
| Other Current Assets | 149.2m |
| Non-Current Assets | 19.2B |
| Long-Term Investments | 485.1m |
| PP&E | 17.6B |
| Intangibles | 867.2m |
| Other Non-Current Assets | 286.6m |
| Current Liabilities | 6.4B |
| Accounts Payable | 2.9B |
| Accrued Liabilities | 183.5m |
| Short-Term Debt | 1.2B |
| Other Current Liabilities | 2.1B |
| Non-Current Liabilities | 10.7B |
| Long-Term Debt | 9.4B |
| Other Non-Current Liabilities | 1.3B |
Earnings Waterfall
Terna Rete Elettrica Nazionale SpA
|
Revenue
|
3.1B
EUR
|
|
Cost of Revenue
|
-660m
EUR
|
|
Gross Profit
|
2.5B
EUR
|
|
Operating Expenses
|
-1.1B
EUR
|
|
Operating Income
|
1.4B
EUR
|
|
Other Expenses
|
-465m
EUR
|
|
Net Income
|
885.4m
EUR
|
Free Cash Flow Analysis
Terna Rete Elettrica Nazionale SpA
TRN Profitability Score
Profitability Due Diligence
Terna Rete Elettrica Nazionale SpA's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Terna Rete Elettrica Nazionale SpA's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
TRN Solvency Score
Solvency Due Diligence
Terna Rete Elettrica Nazionale SpA's solvency score is 30/100. The higher the solvency score, the more solvent the company is.
Score
Terna Rete Elettrica Nazionale SpA's solvency score is 30/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
TRN Price Targets Summary
Terna Rete Elettrica Nazionale SpA
According to Wall Street analysts, the average 1-year price target for
TRN
is 8.217 EUR
with a low forecast of 7.07 EUR and a high forecast of 9.555 EUR.
Shareholder Return
TRN Price
Terna Rete Elettrica Nazionale SpA
| Average Annual Return | 11.72% |
| Standard Deviation of Annual Returns | 8.16% |
| Max Drawdown | -31% |
| Market Capitalization | 15B EUR |
| Shares Outstanding | 2 006 156 124 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Terna Rete Elettrica Nazionale SpA
Country
Industry
Market Cap
Dividend Yield
Description
TERNA Rete Elettrica Nazionale SpA engages in the grid operation for the transmission of electricity. The company is headquartered in Rome, Roma. The company went IPO on 2004-01-01. The company is an independent grid operator for the transmission of electricity. The company deals with the management of electrical systems through the operation of the grid, efficiency of infrastructures and their maintenance through engineering and management of plants and grid developments. The company ensures a balance of deliveries and withdrawals between the supply of energy and consumption by end users. The firm is diversified into two operating segments. The Core Business includes the development, operation and maintenance of the National Transmission Grid (NTG) in addition to dispatching. The Non-Core Business includes specialized services provided to third parties mainly relating to systems engineering services, the operation and maintenance of high voltage plants and the housing of telecommunications equipment and optic fibre grid maintenance services.
Contact
IPO
Employees
Officers
The intrinsic value of one
TRN
stock under the Base Case scenario is
7.749
EUR.
Compared to the current market price of 7.488 EUR,
Terna Rete Elettrica Nazionale SpA
is
Undervalued by 3%.
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