1. Italy Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Hera S.p.A.

Hera S.p.A.

3.53
EUR
-0.01
(-0.40%)
0.35EPS
11.40P/E
5.37BMarket Cap
Nov 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.3
2.91
3.04
3.48
3.82
4.17
4.69
4.82
7.1
13.66
10.65
9.06
8.85
8.62
Basic EPS, GAAP
0.12
0.11
0.12
0.14
0.17
0.19
0.26
0.21
0.23
0.18
0.3
0.34
0.32
0.32
Free Cash Flow per Basic Share
0.13
0.12
0.14
0.19
0.21
0.11
0.13
0.26
0.31
-0.46
0.52
-0.01
0.13
0.1
Dividend per Share
0.1
0.1
0.1
0.1
0.1
0.1
0.11
0.11
0.13
0.15
0.17
0.17
0.19
0.02
Book Value per Share
1.52
1.57
1.6
1.65
1.73
1.81
1.9
2.03
2.19
2.34
2.38
2.55
2.76
2.76
Tangible Book Value per Share
-0.53
-0.59
-0.62
-0.63
-0.66
-0.67
-1.21
-1.22
-1.21
-1.29
-1.52
-1.53
-1.43
-1.66
Basic Weighted Avg Shares
1,349
1,441
1,474
1,472
1,471
1,468
1,473
1,468
1,461
1,455
1,447
1,442
1,465
1,472
Sales/Revenue/Turnover
4,457
4,196
4,483
5,119
5,613
6,119
6,913
7,079
10,377
19,871
15,411
13,058
12,964
12,683
Operating Margin (%)
8.9
10.82
10.3
9.37
8.87
8.45
8
7.88
6.04
2.74
5.55
6.48
6.29
6.47
Depreciation Expense
313
339
339
346
384
392
434
457
463
477
519
562
590
600
Net Income, GAAP
165
165
181
207
251
282
386
303
334
255
441
495
464
471
Effective Tax Rate (%)
39.4
38.31
36.86
35.12
25.77
29.11
23.88
25.72
8.41
25.32
26.39
27.21
28.49
28.76
Profit Margin (%)
3.7
3.93
4.03
4.05
4.48
4.61
5.58
4.28
3.21
1.28
2.86
3.79
3.58
3.71
Working Capital
724
481
249
299
236
89
196
444
375
2,352
654
315
428
634
LT Debt
3,274
3,114
2,938
2,928
2,871
2,664
2,959
3,170
3,159
5,227
4,129
4,168
4,349
4,927
Total Equity
2,306
2,459
2,503
2,562
2,706
2,847
3,010
3,155
3,417
3,645
3,752
3,987
4,400
4,372
Return on Invested Capital (%)
6.28
4.64
4.81
5.32
6.44
6.38
7.1
6.61
8.63
5.2
7.26
7.44
6.84
6.47
Return on Capital (%)
7.1
4.43
4.65
4.78
5.65
5.91
7.74
5.76
5.84
3.63
5.82
6.61
6.07
5.75
Return on Common Equity (%)
8.46
7.38
7.73
8.68
10.13
10.83
14.1
10.49
10.83
7.73
12.91
13.89
11.96
11.96

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
580
26
536
LT Borrowings
4,286
- -
4,866
LT Finance Leases
62
63
61
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,478
1,478
1,474
Market Capitalization
5,928
5,908
5,372

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,842
5,791
5,432
Cash, Cash Equivalents & STI
876
1,334
1,348
Accounts Receivable, Net
1,491
3,008
1,563
Inventories
213
78
192
Total Current Liabilities
4,414
5,248
4,797
Payables & Accruals
- -
- -
- -
ST Debt
580
26
536
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.83%
6.9%
10.35%
Free Cash Flow
-322.4%
-667.89%
-2,797.26%
Net Income, GAAP
12.91%
13.12%
-6.11%
Sales/Revenue/Turnover
14.78%
19.93%
-0.73%
Total Cash Common Dividend
6.76%
11.03%
10.25%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,369
2,251
2,651
4,871
13,058
2025
4,321
2,465
2,579
3,598
12,964
2026
3,518
2,988
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.05
0.04
0.15
0.34
2025
0.1
0.05
0.04
0.12
0.32
2026
0.11
0.05
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
0.01
0.17
2025
- -
- -
- -
0.01
0.19
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Orazio Carmelo Iacono
Full Time Employees
10,456
Sector
Utilities
Industry
Electric utilities
Address
Viale Carlo Berti Pichat nr. 2/4 Bologna BO Italy 40127
IPO Date
Jun 16, 2003
Website
gruppohera.it
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Business
Hera S.p.A. Hera S.p.A. operates as a leading Italian multi-utility, providing integrated energy, water cycle, environmental services, public lighting, and telecommunications primarily to over 4.2 million customers across 311 municipalities in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, and Tuscany; its core offerings encompass gas distribution and sales to 2.0 million customers with 11.3 billion cubic meters annually, electricity distribution and sales to 2.6 million customers totaling 16.2 TWh, integrated water cycle management including aqueducts, sewage, and purification, waste management and treatment with a focus on circular economy practices such as recycling and biomethane production, alongside energy efficiency solutions, smart grids, digital metering, and broadband services. Founded in 2002 through the merger of 11 municipal utilities and headquartered in Bologna, the company pursues a balanced portfolio of regulated and free-market activities, emphasizing sustainability, innovation, and shared value creation aligned with UN 2030 Agenda goals for smart energy use, resource efficiency, and development. Hera S.p.A. has expanded through approximately 40 M&A transactions since inception, including recent full consolidations of subsidiaries EstEnergy, Hera Comm, and Aliplast by acquiring remaining minority stakes in 2025, the acquisition of Ambiente Energia in 2025 to bolster waste recovery services, a partnership with AIMAG involving a EUR250 million investment plan expected to close by mid-2025, full ownership of Aliplast as a European leader in recycled plastics, operationalization of the Hera-Ascopiave energy sales joint venture, and a biomethane plant inauguration with Inalca in 2023, alongside joint ventures like CircularYard and increased operating investments to 666.8 million euro in the first nine months of 2025 focused on regulated sectors and development.