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Terna - Rete Elettrica Nazionale Società per Azioni

Terna - Rete Elettrica Nazionale Società per Azioni

TERRF
Terna - Rete Elettrica Nazionale Società per AzioniUS flagOther OTC
11.70
USD
- -
- -
23.47BMarket Cap
Terna - Rete Elettrica Nazionale Società per Azioni
TERRF
(Other OTC)

Recent

price

11.70

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
0.76
0.79
0.86
0.92
0.96
1.01
1.02
1.09
1.14
1.15
1.19
1.28
1.45
1.57
1.82
- -
1.47
Revenue per Share
0.3
0.22
0.23
0.26
0.27
0.3
0.31
0.34
0.35
0.38
0.39
0.39
0.43
0.44
0.53
- -
0.43
Basic EPS, GAAP
-0.21
-0.18
-0.19
-0.22
0.04
-0.35
0.38
0.39
0.13
0.05
-0.17
0.41
1.16
0.54
0.74
- -
1.04
Free Cash Flow per Basic Share
0.2
0.21
0.2
0.2
0.2
0.2
0.2
0.21
0.22
0.24
0.26
0.27
0.3
0.33
0.35
- -
- -
Dividend per Share
1.06
1.07
1.09
1.15
1.21
1.31
1.43
1.56
1.69
1.83
1.96
2.09
2.23
2.35
2.54
- -
- -
Book Value per Share
1.15
1.14
1.15
1.24
1.31
1.4
1.51
1.65
1.76
1.84
1.91
2.02
2.69
2.73
3.27
- -
3.8
Tangible Book Value per Share
2,010
2,010
2,010
2,006
2,009
2,012
2,010
2,013
2,010
2,009
2,008
2,007
2,006
2,006
2,006
2,006
2,006
Basic Weighted Avg Shares
1,533
1,595
1,735
1,853
1,924
2,026
2,046
2,201
2,296
2,315
2,397
2,559
2,918
3,148
3,652
- -
2,940
Sales/Revenue/Turnover
53.12
51.08
53.21
54.78
49.98
49.77
48.69
47.74
47.82
49.11
45.93
45.33
44.75
42.65
46.63
- -
45.57
Operating Margin (%)
351
386
403
431
458
500
495
516
545
578
635
665
736
776
876
- -
702
Depreciation Expense
612
440
464
514
544
596
633
688
707
757
786
789
857
885
1,062
- -
854
Net Income, GAAP
34.67
54.2
47.1
45.22
38.62
33.28
32.72
29.78
29.38
29.1
27.27
28.35
28.81
29.27
30.21
- -
30.12
Effective Tax Rate (%)
39.92
27.58
26.72
27.72
28.29
29.4
30.94
31.27
30.78
32.71
32.77
30.85
29.37
28.13
29.07
- -
29.05
Profit Margin (%)
205
618
1,806
424
-330
-1,022
-844
-353
-1,060
-35
-252
-1,790
-1,688
-2,084
-610
- -
-693
Working Capital
5,148
6,739
8,909
8,010
8,085
8,516
8,404
8,672
8,228
9,481
9,860
8,835
8,417
9,409
11,410
- -
12,170
LT Debt
2,773
2,760
2,788
2,941
3,093
3,346
3,555
3,829
4,054
4,232
4,416
4,713
6,169
6,343
7,544
- -
8,922
Total Equity
7.14
4.19
4.51
4.68
4.94
5.47
5.26
5.56
5.71
5.88
5.23
4.89
5.41
5.34
5.94
- -
4.64
Return on Invested Capital (%)
10.28
6.26
5.55
5.38
5.67
5.99
5.78
5.87
5.9
6.15
5.62
5.17
5.86
6.35
7
- -
13.94
Return on Capital (%)
31.63
20.6
21.41
22.91
22.99
23.47
23.03
22.95
21.67
21.43
20.62
19.41
19.76
19.25
21.64
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
11,669
- -
12,170
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,006
2,006
2,006
Market Capitalization
17,146
17,128
19,340

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
1,087
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
1,169
- -
1,060
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
1,780
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
858
878
893
1,000
3,652
2025
902
963
988
- -
- -
2026
989
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
- -
0.13
- -
0.53
2025
0.14
- -
0.13
- -
- -
2026
0.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.35
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Terna - Rete Elettrica Nazionale Società per Azioni (TERRF) operates as Italy's independent transmission system operator, managing the national high- and extra-high-voltage electricity grid comprising over 75,000 kilometers of lines and more than 900 substations. The company provides electricity transmission, dispatching, and metering services through its Regulated, Non-Regulated, and International segments; designs, constructs, develops, operates, and maintains the national transmission grid; builds storage systems and interconnecting lines; supplies transformers, cables, and energy connectivity solutions; and develops renewable energy projects including photovoltaic systems, energy efficiency, smart grids, fiber optics, and private interconnectors. Founded in 1962 and headquartered in Rome, Italy, Terna conducts primary operations across Italy with international presence in Europe through interconnections and select projects in countries including Montenegro, Peru, and Chile; subsidiaries include Terna Rete Italia for grid management, Terna Energy Solutions for unregulated activities, Tamini Trasformatori for power transformers, and Brugg Cables for cables. Recent developments encompass the updated 2024-2028 Industrial Plan with €17.7 billion in investments, including €10.8 billion for grid expansion via direct current lines and submarine cables like Tyrrhenian Link, Adriatic Links, and Sardinian Link to enhance renewable integration and grid resilience; a €1.5 billion financing agreement with the European Investment Bank, Intesa Sanpaolo, and others for Adriatic Links; acquisitions of high-voltage grid assets in Rome from ACEA for €227 million and Rete 2 S.r.l. in September 2025 to bolster transmission security; and Terna Forward investments in startups such as Wesii S.r.l. for energy sector inspection services.

Company News

APIChat

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    Terna S.p.A. (TEZNY) Q1 2026 Earnings Call Transcript

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    Terna S.p.A. (TEZNY) Q4 2025 Earnings Call Transcript

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  • seekingalpha.com

    Terna S.p.A. (TEZNY) Q3 2025 Earnings Call Transcript

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    Terna S.p.A. (TERRF) Q2 2025 Earnings Call Transcript

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    Terna S.p.A.: Wired For Stability And Growth

  • seekingalpha.com

    Terna S.p.A. (TERRF) Q1 2025 Earnings Call Transcript

  • seekingalpha.com

    Terna S.p.A. (TERRF) Q4 2024 Earnings Call Transcript

  • seekingalpha.com

    Terna S.p.A. (TERRF) Q3 2024 Earnings Call Transcript

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    Terna: A Key Utility In Italy's Energy Transition

  • seekingalpha.com

    Terna S.p.A. (TERRF) Q2 2024 Earnings Call Transcript

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    Terna S.p.A. (TERRF) Q1 2024 Earnings Call Transcript

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    Terna: Dividend Growth Energizes Investor Portfolios

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    Terna: An Infrastructure Giant That Should Be On Investors' Radars

  • seekingalpha.com

    Terna S.p.A. (TERRF) Q3 2023 Earnings Call Transcript

  • seekingalpha.com

    Terna S.p.A. (TERRF) Q2 2023 Earnings Call Transcript

  • seekingalpha.com

    Terna - Rete Elettrica Nazionale Società per Azioni (TERRF) Q4 2022 Earnings Call Transcript

  • seekingalpha.com

    Terna - Rete Elettrica Nazionale Società per Azioni (TERRF) Q3 2022 Earnings Call Transcript