TERNA ENERGY S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.23 EUR | +0.72% |
|
+1.28% | +14.65% |
| 2023 | Government stakes in European companies | RE |
| 2023 | TERNA ENERGY Industrial Commercial Technical Societe Anonyme Reports Earnings Results for the Half Year Ended June 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 630.7 | 860 | 1,529 | 1,570 | 2,348 | 2,141 | 2,141 | - |
| Enterprise Value (EV) 1 | 1,277 | 1,576 | 2,142 | 2,175 | 3,079 | 2,942 | 3,296 | 3,623 |
| P/E ratio | 14.1 x | 16.7 x | 20.7 x | -70.8 x | - | - | - | - |
| Yield | 5.36% | 2.22% | 1.29% | 2.51% | - | 2.08% | 2.14% | 2.25% |
| Capitalization / Revenue | 2.16 x | 2.88 x | 4.66 x | 3.87 x | 7.88 x | 6.47 x | 5.07 x | 4.59 x |
| EV / Revenue | 4.37 x | 5.27 x | 6.53 x | 5.36 x | 10.3 x | 8.89 x | 7.81 x | 7.77 x |
| EV / EBITDA | 7.6 x | 8.66 x | 11 x | 13.4 x | 18.7 x | 16.3 x | 13.5 x | 13.4 x |
| EV / FCF | 45.6 x | -29.2 x | 23.1 x | -35.6 x | -23.3 x | -45.9 x | -10.7 x | -12.9 x |
| FCF Yield | 2.19% | -3.43% | 4.34% | -2.81% | -4.29% | -2.18% | -9.38% | -7.77% |
| Price to Book | 1.7 x | 2.02 x | 3.06 x | 3.73 x | - | - | - | - |
| Nbr of stocks (in thousands) | 112,631 | 112,276 | 115,855 | 115,634 | 115,202 | 117,452 | 117,452 | - |
| Reference price 2 | 5.600 | 7.660 | 13.20 | 13.58 | 20.38 | 18.23 | 18.23 | 18.23 |
| Announcement Date | 22/03/19 | 03/04/20 | 29/04/21 | 16/04/22 | 21/03/23 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 292.1 | 299.1 | 328.1 | 405.4 | 298 | 330.9 | 422.2 | 466.5 |
| EBITDA 1 | 167.9 | 182 | 194.7 | 161.8 | 164.7 | 180.5 | 244.4 | 271 |
| EBIT 1 | 119 | 122.9 | 129.6 | 120.9 | 122.1 | 129.3 | 175.8 | 192.6 |
| Operating Margin | 40.75% | 41.1% | 39.51% | 29.82% | 40.96% | 39.08% | 41.64% | 41.29% |
| Earnings before Tax (EBT) 1 | 62.41 | 69.6 | 90 | 98.44 | 38.65 | 79.5 | 105 | 104.6 |
| Net income 1 | 44.86 | 51.55 | 71.8 | -22.2 | 42.64 | 61.4 | 80.6 | 80.3 |
| Net margin | 15.36% | 17.24% | 21.88% | -5.48% | 14.3% | 18.56% | 19.09% | 17.21% |
| EPS | 0.3984 | 0.4591 | 0.6388 | -0.1919 | - | - | - | - |
| Free Cash Flow 1 | 28 | -54.02 | 92.87 | -61.14 | -132 | -64.1 | -309.3 | -281.4 |
| FCF margin | 9.59% | -18.06% | 28.31% | -15.08% | -44.29% | -19.37% | -73.26% | -60.32% |
| FCF Conversion (EBITDA) | 16.68% | - | 47.69% | - | - | - | - | - |
| FCF Conversion (Net income) | 62.41% | - | 129.35% | - | - | - | - | - |
| Dividend per Share 2 | 0.3000 | 0.1700 | 0.1700 | 0.3411 | - | 0.3800 | 0.3900 | 0.4100 |
| Announcement Date | 22/03/19 | 03/04/20 | 29/04/21 | 16/04/22 | 21/03/23 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2020 S1 | 2021 Q1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 141.6 | 166.5 | 94.3 | 139.6 | 276.7 | 171.9 | 145.6 |
| EBITDA 1 | 88.65 | 108.4 | 60.8 | 68.25 | 86.48 | 51.3 | 74.25 |
| EBIT 1 | - | 73 | 44.9 | - | - | 33.4 | - |
| Operating Margin | - | 43.84% | 47.61% | - | - | 19.43% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income 1 | - | 26.1 | - | -65.93 | - | 15.8 | - |
| Net margin | - | 15.68% | - | -47.23% | - | 9.19% | - |
| EPS | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 29/08/19 | 02/09/20 | 04/06/21 | 30/09/21 | 29/09/22 | 01/12/22 | 21/09/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 646 | 716 | 613 | 604 | 731 | 801 | 1,155 | 1,482 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.848 x | 3.934 x | 3.148 x | 3.735 x | 4.44 x | 4.439 x | 4.726 x | 5.469 x |
| Free Cash Flow 1 | 28 | -54 | 92.9 | -61.1 | -132 | -64.1 | -309 | -281 |
| ROE (net income / shareholders' equity) | 12% | 12.8% | 15.8% | 15.9% | 10.5% | 12.1% | 14.8% | 13.9% |
| ROA (Net income/ Total Assets) | 2.76% | - | - | - | - | - | - | - |
| Assets 1 | 1,625 | - | - | - | - | - | - | - |
| Book Value Per Share | 3.300 | 3.800 | 4.310 | 3.640 | - | - | - | - |
| Cash Flow per Share | - | - | 1.600 | - | - | - | - | - |
| Capex 1 | 109 | 170 | 105 | 182 | 240 | 219 | 485 | 476 |
| Capex / Sales | 37.42% | 56.69% | 32.1% | 44.8% | 80.52% | 66.15% | 114.95% | 101.97% |
| Announcement Date | 22/03/19 | 03/04/20 | 29/04/21 | 16/04/22 | 21/03/23 | - | - | - |
1EUR in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
18.23
EUR
Average target price
18.57
EUR
Spread / Average Target
+1.85%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +14.65% | 2.29B | |
| +8.92% | 18.8B | |
| -3.12% | 2.4B | |
| -18.91% | 2.05B | |
| -0.18% | 1.38B | |
| 0.00% | 1.19B | |
| -13.60% | 1.18B | |
| +0.46% | 1.15B | |
| -16.44% | 1.03B | |
| -16.75% | 1.03B |
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- Financials Terna Energy S.A.
