1. Italy Stocks

  2. •

    Utilities

  3. •

    Renewable Utilities
ERG S.p.A.

ERG S.p.A.

ERG.MI
ERG S.p.A.IT flagItalian Stock Exchange
23.44
EUR
-0.06
- -
3.41BMarket Cap
ERG S.p.A.
ERG.MI
(Italian Stock Exchange)

Recent

price

23.44

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
36.32
45.68
36.05
31.63
6.99
6.45
7.11
7.08
6.88
6.86
5.73
4.02
4.77
5.03
5.01
5.11
4.08
Revenue per Share
0.29
0.44
1.04
0.2
0.33
0.14
0.85
1.39
0.89
0.21
0.72
1.16
2.53
1.21
1.28
0.45
0.3
Basic EPS, GAAP
-0.14
-0.95
0.22
1.29
1.65
0.51
2.24
2.28
1.5
3.18
2
-0.33
2.34
3.91
1.71
1.59
2.61
Free Cash Flow per Basic Share
0.54
0.45
0.43
0.48
1.15
0.5
0.99
0.5
1.15
0.75
0.77
0.76
0.93
1.05
1.04
1.04
- -
Dividend per Share
0.17
0.54
1.15
0.3
0.59
0.25
1.32
7.64
6.14
4.77
5.25
4.94
5.56
3.35
3.15
2.33
- -
Book Value per Share
11.4
10.57
11.58
10.44
8.55
4.83
6.43
7.51
6.03
4.54
4.81
3.83
4.51
5
4.4
4.37
-10.17
Tangible Book Value per Share
148
148
145
143
143
143
144
149
149
149
149
150
150
147
146
145
145
Basic Weighted Avg Shares
5,383
6,770
5,229
4,516
999
921
1,025
1,054
1,024
1,022
856
601
714
741
733
744
593
Sales/Revenue/Turnover
0.01
0.85
5.64
4.58
15.86
16.28
19.73
20.03
20.35
18.45
17.95
33.06
36.98
39.84
33.09
30.74
31.83
Operating Margin (%)
191
239
153
210
188
163
254
252
274
306
313
228
279
225
278
354
206
Depreciation Expense
43
65
151
28
48
21
122
207
133
32
108
173
379
179
187
65
43
Net Income, GAAP
- -
- -
74.72
90.28
156.21
34.19
22.5
23.51
27.56
37.34
14.51
27.12
52.31
25.53
15.22
25.58
26.51
Effective Tax Rate (%)
0.81
0.96
2.89
0.63
4.78
2.24
11.94
19.63
12.96
3.09
12.6
28.75
53.08
24.11
25.54
8.74
7.25
Profit Margin (%)
429
307
636
968
1,118
740
544
665
689
690
711
800
471
624
169
253
- -
Working Capital
- -
929
823
1,273
1,133
1,834
1,792
1,681
1,780
2,063
2,064
2,173
1,900
2,171
2,360
2,365
246
LT Debt
1,891
1,878
1,971
2,014
1,719
1,676
1,729
1,877
1,829
1,786
1,768
1,569
2,055
2,140
2,223
2,045
- -
Total Equity
- -
- -
2.2
0.56
-2.57
2.79
4.14
4.25
3.85
2.97
3.29
3.19
2.65
4.93
4.09
3.29
112.7
Return on Invested Capital (%)
- -
- -
6.56
-1.29
0.21
1.82
6.89
9.36
5.56
2.13
4.97
5.46
10.67
7.13
8.56
3.35
26.11
Return on Capital (%)
183.1
123.36
122.76
27.08
74.47
34.24
108.41
31.17
12.94
3.89
14.44
22.69
48.23
26.95
39.22
16.27
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
260
- -
LT Borrowings
1,882
2,137
- -
LT Finance Leases
237
228
246
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
145
145
145
Market Capitalization
3,057
3,195
3,192

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
264
889
- -
Cash, Cash Equivalents & STI
264
509
444
Accounts Receivable, Net
- -
135
- -
Inventories
- -
25
- -
Total Current Liabilities
- -
636
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
260
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.56%
3.96%
-7.99%
Free Cash Flow
-53.11%
-183.46%
-7.35%
Net Income, GAAP
75.84%
13.2%
-65.28%
Sales/Revenue/Turnover
-1.2%
-1.38%
1.51%
Total Cash Common Dividend
18.04%
6.01%
-0.49%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
218
168
156
196
733
2025
199
- -
176
186
744
2026
231
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.54
0.34
0.17
0.39
1.28
2025
- -
- -
0.19
- -
0.45
2026
0.42
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.04
2025
- -
- -
- -
- -
1.04
2026
- -
- -
- -
- -
- -
Similar Companies
Tohoku Electric Power Company, Incorporated (TEPCF)
Taronis Fuels, Inc. (TRNF)
Janus Fpo [jns] (JNS.AX)
Greenbriar Capital Corp. (GRB.V)
Zhongmin Energy Co., Ltd. (600163.SS)
Verbund AG (OEWA.DE)
Business
ERG S.p.A. (ERG.MI) serves as a leading independent producer of clean energy from renewable sources, focusing on wind power generation, solar photovoltaic energy production; battery energy storage systems; and related energy management, sales, operation, maintenance, business development, and mergers and acquisitions services. The company operates onshore wind farms as Italy's largest operator and one of Europe's top ten, solar facilities ranking among Italy's top ten producers, and emerging battery storage assets, alongside minor hydroelectric contributions in regions such as Umbria, Marche, and Lazio. ERG conducts activities across nine European countries including Italy, France, Germany, the United Kingdom, Sweden, Poland, Bulgaria, Romania, and Spain, plus the United States; it maintains headquarters in Genoa, Italy, where Edoardo Garrone founded the company in 1938, and functions as a subsidiary of SQ Renewables S.p.A. Recent developments encompass a strategic partnership with IFM Investors via SQ Renewables, elevating IFM's stake to 49% in April 2024; entry into the U.S. renewable market through a April 2024 collaboration with Apex Clean Energy acquiring a 317 MW wind and solar portfolio (224 MW wind, 92 MW solar); multiple repowering and greenfield projects adding capacity such as 101 MW in Italy's Mineo-Militello-Vizzini, 172 MW wind acquisitions in Italy, 230 MW wind startups across Europe, 29 MW solar and 41 MW wind in France; first battery storage system operational at 13 MW in Sicily's Vicari; a long-term PPA signed in 2025 with A2A covering 90% of output from Sicily's Castelvetrano Salemi wind farm starting 2027; and a fourth 500 million euro Green Bond issuance under sustainable finance initiatives.