1. Italy Stocks

  2. •

    Utilities

  3. •

    Diversified Utilities
Hera S.p.A.

Hera S.p.A.

HRASF
Hera S.p.A.US flagOther OTC
4.10
USD
- -
- -
6.06BMarket Cap
Hera S.p.A.
HRASF
(Other OTC)

Recent

price

4.10

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
3.26
3.66
4.03
3.3
2.91
3.04
3.48
3.82
4.17
4.69
4.82
7.1
13.66
10.65
9.06
8.84
8.23
Revenue per Share
0.13
0.09
0.11
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
0.31
Basic EPS, GAAP
0.02
0.03
-0.03
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
0.18
Free Cash Flow per Basic Share
0.09
0.1
0.1
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
Dividend per Share
1.1
1.08
1.09
1.17
1.13
1.12
1.14
1.17
1.19
1.26
1.2
1.23
1.17
1.3
1.34
1.32
1.1
Book Value per Share
-0.21
-0.27
-0.32
-0.45
-0.5
-0.52
-0.53
-0.55
-0.54
-1.08
-1.08
-1.06
-1.11
-1.3
-1.31
-1.22
-1.24
Tangible Book Value per Share
1,125
1,121
1,115
1,349
1,441
1,474
1,472
1,471
1,468
1,473
1,468
1,461
1,455
1,447
1,441
1,467
1,478
Basic Weighted Avg Shares
3,667
4,106
4,493
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
12,160
Sales/Revenue/Turnover
8.6
8.05
7.46
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
6.72
Operating Margin (%)
224
234
240
313
339
339
346
384
392
434
457
463
477
519
562
590
596
Depreciation Expense
142
105
119
165
165
180
207
251
282
386
303
334
255
441
494
464
465
Net Income, GAAP
30.92
42.7
37.04
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
28.36
Effective Tax Rate (%)
3.87
2.55
2.64
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
3.83
Profit Margin (%)
403
295
256
724
481
249
298
236
88
196
444
375
2,352
654
315
428
543
Working Capital
2,323
5
13
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
63
LT Debt
1,870
1,877
1,879
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
4,577
Total Equity
5.16
6
11.01
6.23
4.78
5.02
5.58
6.68
6.46
7.24
6.69
8.83
5.3
7.44
7.58
6.95
12.87
Return on Invested Capital (%)
8.4
6.28
16.06
8.26
4.95
5.26
5.47
6.54
6.92
9.13
6.9
7.22
4.5
7.12
8.17
7.72
26.86
Return on Capital (%)
11.73
8.56
9.77
11.8
10.28
10.97
12.45
14.79
16.24
21.38
16.71
18.76
14.59
24.59
25.89
23.95
28.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
22
580
26
LT Borrowings
- -
4,286
- -
LT Finance Leases
62
62
63
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,468
1,478
1,478
Market Capitalization
5,141
5,136
5,246

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
5,039
4,842
5,791
Cash, Cash Equivalents & STI
1,018
876
1,334
Accounts Receivable, Net
2,303
1,491
3,008
Inventories
295
213
78
Total Current Liabilities
4,250
4,414
5,248
Payables & Accruals
- -
- -
- -
ST Debt
22
580
26
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
- -
- -
- -
0.34
2025
0.1
- -
- -
- -
0.32
2026
0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.17
2025
- -
- -
- -
- -
0.19
2026
- -
- -
- -
- -
- -
Similar Companies
Yü Group PLC (YU.L)
Brookfield Infrastructure Partners L.P. (BIP-PB)
Vector Limited (VCT.NZ)
Brookfield Infrastructure Partners L.P. (BIP-PD.TO)
Earth Infinity Co.Ltd. (7692.T)
Electricité de France S.A. (EDF.PA)
Business
Hera S.p.A. is a leading Italian multi-utility company primarily engaged in the provision of integrated public utility services including the distribution and sale of electricity and gas; management of integrated water services encompassing water supply and wastewater treatment; urban hygiene and waste management including collection, treatment, and recycling; and public lighting and telecommunications services. The company operates mainly in northeastern Italy across four regions and serves approximately 4.7 million electricity and gas customers along with extensive water and waste service customers. Its operations also include the development and management of smart grids and digital meters to enhance efficiency and sustainability. Founded in 2002 through the merger of 11 local multi-utilities, Hera is headquartered in Bologna, Italy. In terms of its product and service portfolio, Hera offers electricity and gas distribution and sales under various subsidiaries; water network design and integrated water cycle management; waste collection, treatment, recovery, and energy-from-waste plants; and energy efficiency solutions in public lighting with over 660,000 lighting points managed. The company also engages in telecommunications and IT security services aligned with smart city solutions. Hera's diversified business model is supported by fully owned and majority stakes in numerous subsidiaries across energy sales, waste services, gas and electricity distribution, and environmental services. Recent major developments include Hera's full acquisition of EstEnergy, increasing its stake to 100%, reinforcing its position as Italy's third-largest operator in the energy sector with a substantial customer base in electricity and gas. The company has also completed a series of mergers and acquisitions, notably consolidating waste management entities such as TRS Ecology and Ambiente Energia, and has increased investments in circular economy projects, digital transformation, and energy efficiency to align with sustainability goals. Hera's board emphasizes growth through both internal synergies and external M&A, alongside technological innovations like SAP's RISE digitalization initiative. The company reported over 30% growth in net profit in 2024 and continues expanding its presence while focusing on carbon neutrality and regional service resilience. Hera S.p.A.'s industry segments include waste management, water services, electricity and gas distribution and sales, and environmental services. It targets municipal, residential, commercial, and industrial customers predominantly in Italy. The company’s widespread operations, strategic acquisitions, and technological advancements position it as a major integrated multi-utility player in the Italian market, contributing to sustainable development and efficient resource management. This comprehensive profile reflects Hera's core activities, geographic focus in Italy, founding year, headquarters location, subsidiaries, and their latest strategic expansions and acquisitions made in the last two years to strengthen its market position and sustainability credentials.

Company News

APIChat