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Terna S.p.A.
(LSE:TRN)
Terna S.p.A. (TRN) vs. iShares MSCI Italy ETF (EWI)
Terna S.p.A. Business Overview & Revenue Model
Terna S.p.A. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.68B | 3.15B | 2.92B | 2.57B | 2.40B |
| Gross Profit | 3.02B | 2.58B | 2.42B | 2.16B | 2.06B |
| EBITDA | 2.57B | 2.11B | 2.04B | 1.83B | 1.73B |
| Net Income | 1.06B | 885.40M | 857.00M | 789.40M | 785.50M |
Balance Sheet | |||||
| Total Assets | 27.19B | 23.47B | 22.83B | 22.39B | 20.70B |
| Cash, Cash Equivalents and Short-Term Investments | 2.74B | 1.74B | 2.41B | 2.55B | 3.31B |
| Total Debt | 13.86B | 12.98B | 11.76B | 12.42B | 12.25B |
| Total Liabilities | 19.64B | 17.10B | 17.58B | 17.60B | 16.28B |
| Stockholders Equity | 7.52B | 6.32B | 5.15B | 4.68B | 4.37B |
Cash Flow | |||||
| Free Cash Flow | -1.16B | -963.90M | 831.40M | -511.90M | -245.20M |
| Operating Cash Flow | 1.47B | 1.08B | 2.32B | 832.30M | 941.40M |
| Investing Cash Flow | -2.40B | -2.33B | -1.86B | -863.30M | -1.39B |
| Financing Cash Flow | 1.87B | 464.30M | 92.50M | -1.05B | 2.08B |
Terna S.p.A. Technical Analysis
Terna S.p.A. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €17.03B | 13.53 | 17.62% | 5.72% | -8.04% | 30.49% | |
74 Outperform | €16.95B | 15.32 | 19.67% | 4.69% | 10.18% | 8.43% | |
73 Outperform | €45.38B | 18.52 | 5.02% | 6.80% | -6.68% | -33.67% | |
71 Outperform | €14.14B | 48.03 | 12.23% | 4.75% | 0.08% | 8.98% | |
70 Outperform | €1.04B | 12.26 | 26.22% | 3.20% | 30.89% | 143.25% |
Terna S.p.A. Corporate Events
Terna S.p.A. has announced the availability of its Half-Year Financial Report for the period ending June 30, 2025, following approval by its Board of Directors. The report, which includes an audit review, is accessible to the public through the company’s website and other authorized platforms, reflecting Terna’s commitment to transparency and regulatory compliance.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. reported significant growth in its financial performance for the first half of 2025, with revenues increasing by 8% and investments reaching over 1.3 billion euros, marking a 26.6% rise compared to the previous year. This investment surge underscores Terna’s strategic focus on enhancing the national electric system’s safety and facilitating the energy transition, reflecting positively on its industrial plan and stakeholder confidence.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. successfully launched its first European Green Bond, raising 750 million euros with a six-year duration and a 3% coupon. The bond, part of Terna’s Euro Medium Term Notes Program, received strong market interest, with demand nearly five times the offer, and will fund eligible green projects, supporting Terna’s strategy of combining sustainability with growth.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. has announced the conclusion of agreements for financing guaranteed by SACE S.p.A, amounting to approximately 1 billion euros, to support the implementation of the Adriatic Link project. This operation, involving related parties, was deemed of greater importance due to the significant value of the guarantees, but was excluded from the related parties procedure as it falls under ordinary operations at market conditions.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. has announced the conclusion of agreements for financing related to the Adriatic Link project, secured by SACE S.p.A. guarantees amounting to approximately €1 billion. These transactions, deemed of greater importance due to their cumulative value, were reviewed by Terna’s Advisory Board and Related-Party Transactions Committee and are considered ordinary and conducted at market conditions.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. has announced the conclusion of agreements for financing, guaranteed by SACE S.p.A., amounting to approximately 1 billion euros for the Adriatic Link project. These transactions, involving related parties under the control of Cassa Depositi e Prestiti S.p.A., have been deemed ordinary and at market conditions, thus excluded from related party procedures.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR8.40 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. has secured 1.5 billion euros in financing from the European Investment Bank, Intesa Sanpaolo, and SACE to develop the Adriatic Link, a strategic submarine power line connecting Marche and Abruzzo. This project aims to enhance energy exchange and integrate renewable sources in Central Italy, contributing to national energy security and economic development in cohesion regions. The financing underscores Terna’s strategic importance in modernizing Italy’s energy infrastructure and supporting the energy transition.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR8.20 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. has renewed its Euro Medium Term Note Programme (EMTN) of 12 billion euros, authorized by the CSSF and listed on the Luxembourg Stock Exchange. Additionally, Terna has established a new EMTN program of 4 billion euros, authorized by CONSOB and listed on the MOT of Borsa Italiana. These programs, supported by ratings from S&P and Moody’s, aim to enhance Terna’s financial flexibility and support its ongoing investments in energy infrastructure, reflecting its strategic focus on sustainable energy solutions.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
TERNA S.p.A. has appointed Stefano Cappiello as a non-executive and independent director following the resignation of Francesco Renato Mele. This change aligns with the company’s diversity policies and governance standards, ensuring Cappiello’s independence despite his employment with the Ministry of Economy and Finance. Additionally, TERNA has rescheduled its Board of Directors meeting for the approval of the half-year financial report to July 29, 2025, a day earlier than previously announced.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR8.60 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. has made available the minutes of its ordinary shareholders’ meeting held on 21 May 2025. The documentation is accessible to the public through various platforms, including the company’s website and the authorized storage mechanism ‘1Info’, as well as filed with Borsa Italiana S.p.A., reflecting transparency and regulatory compliance.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Enrico Tommaso Cucchiani, a non-executive and independent director of Terna S.p.A., has resigned due to new professional commitments. His resignation will be effective upon the appointment of his successor. Cucchiani was elected in May 2023 and served as chairman of the Remuneration and Nominations Committee and a member of the Control and Risks Committee. Terna S.p.A. has expressed gratitude for his contributions and stated that no indemnities or benefits will be provided following his departure.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. announced the payment of a dividend of 0.2770 Euro per share for the financial year ending December 31, 2024, to be distributed starting June 25, 2025. This decision, approved by the shareholders’ meeting, reflects the company’s commitment to returning value to its shareholders, while the retained earnings from its own shares will be allocated to reserves.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A.’s shareholders approved the 2024 Annual Financial Report and a dividend distribution of 39.62 cents per share, aligning with their dividend policy. The company also introduced a new Performance Share Plan for 2025-2029 and authorized the purchase and disposal of own shares, reflecting strategic moves to enhance shareholder value and operational efficiency.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. has made its consolidated interim management report as of March 31, 2025, available to the public. This report, approved by the Board of Directors, is accessible on the company’s website and through various official channels, reflecting Terna’s commitment to transparency and regulatory compliance.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR8.00 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. reported strong financial performance in the first quarter of 2025, with significant growth in investments aimed at enhancing the Italian electric system’s safety and supporting the energy transition. The company achieved a 5.1% increase in revenues and a 3.8% rise in EBITDA, driven by growth in both regulated and non-regulated activities. Investments rose by 16.4%, reflecting Terna’s commitment to infrastructure development, which is vital for a resilient and interconnected electric system. These results underscore Terna’s strategic importance in Italy’s energy landscape and its dedication to achieving its Industrial Plan goals.
The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR8.00 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
Terna S.p.A. has made available to the public the latest financial statements of its subsidiaries and a summary prospectus of the associated companies’ financial data. Additionally, the accounting situations of non-EU subsidiaries have been released for the purpose of drafting the consolidated financial statements for the year ending December 31, 2024.