Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
Terna - Rete Elettrica Nazionale Società per Azioni (TRN.MI)
Rome, RM, IT
Terna - Rete Elettrica Nazionale Società per Azioni, along with its subordinate entities, is engaged in the crucial activities of electricity transmission and dispatching, with operations spanning Italy, other Euro-area nations, and international markets. The company structures its business into three primary segments: Regulated, Non-Regulated, and International. At its core, Terna is responsible for the entire lifecycle of Italy's national transmission grid and associated high-voltage electrical infrastructure. This encompasses everything from strategic planning and development to day-to-day management, operational oversight, and ongoing maintenance. Significantly, Terna also holds ownership of this national grid. Beyond its core utility functions, the company offers a suite of related services, including telecommunications infrastructure and solutions, connectivity services, specialized energy solutions, and comprehensive operation and maintenance support. Terna further diversifies its portfolio through manufacturing, designing, producing, and marketing various transformers—such as those for electricity transmission and distribution networks, industrial applications (like steel and metals), and specialized units for electrochemical conversion. Additionally, the firm is involved in the design, production, and supply of both marine and terrestrial cables. In terms of project development, Terna actively pursues and implements initiatives in renewable energy, alongside undertaking private interconnector projects. The company was founded in 1999 and maintains its corporate headquarters in Rome, Italy.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.79% | -3.25% | -3.62% | +0.67% | +10.39% | +9.54% | +17.98% | +22.79% | +63.05% | +105.92% | +465.11% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 4 | 0 |
| Hold | 12 | 0 |
| Sell | 2 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Regulated Electric: +9.0%+10.6% ★ Q4'25: +30.6% (vs Q4'23)
-
EPS growth Regulated Electric: +12.7%+3.8% Q4'25: +8.3% (vs Q4'23)
-
FCF margin FCF growth · Regulated Electric: +35.5%+51.4% ★ Q4'25: -4.3% (vs Q4'23)
-
EBIT margin Regulated Electric: +19.9%+44.4% ★ Q4'25: +41.5% (vs Q4'23)
-
ROIC Regulated Electric: +4.4%— Q4'25: +12.7% (vs Q4'23)
-
Share dilution Regulated Electric: +0.0%+0.0% Q4'25: +0.4% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Regulated Electric: 4.23×— Q4'25: 2.06× (vs Q4'23)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 15 Rev. Ana. 11 EPS Ana. |
Dec 2027 18 Rev. Ana. 15 EPS Ana. |
Dec 2028 13 Rev. Ana. 10 EPS Ana. |
Dec 2029 12 Rev. Ana. 4 EPS Ana. |
Dec 2030 6 Rev. Ana. 4 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2.03B
est: 2.06B (-1.6%)
|
2.05B
est: 2.10B (-2.8%)
|
2.20B
est: 2.25B (-2.0%)
|
2.30B
est: 2.23B (+3.1%)
|
2.32B
est: 2.29B (+1.2%)
|
2.40B
est: 2.46B (-2.4%)
|
2.57B
est: 2.57B (-0.1%)
|
2.92B
est: 2.80B (+4.5%)
|
3.15B
est: 3.43B (-8.0%)
|
3.65B
est: 3.61B (+0.9%)
|
4.03B
est: 4.02B (+0.3%)
|
4.39B
4.34B – 4.45B
+9.3% YoY
|
4.75B
4.53B – 4.87B
+8.2% YoY
|
5.11B
5.11B – 5.12B
+7.5% YoY
|
5.30B
5.14B – 5.40B
+3.7% YoY
|
5.59B
5.42B – 5.69B
+5.4% YoY
|
| EBITDA |
1.53B
est: 1.47B (+4.4%)
|
1.55B
est: 1.50B (+3.5%)
|
1.62B
est: 1.60B (+1.0%)
|
1.64B
est: 1.58B (+3.3%)
|
1.73B
est: 1.63B (+6.0%)
|
1.80B
est: 1.75B (+2.7%)
|
1.87B
est: 1.83B (+2.3%)
|
2.07B
est: 1.99B (+3.7%)
|
2.11B
est: 2.40B (-12.1%)
|
2.58B
est: 2.52B (+2.2%)
|
2.75B
est: 2.81B (-2.1%)
|
3.07B
3.03B – 3.11B
+9.3% YoY
|
3.32B
3.17B – 3.40B
+8.2% YoY
|
3.57B
3.57B – 3.57B
+7.5% YoY
|
3.70B
3.59B – 3.77B
+3.7% YoY
|
3.90B
3.79B – 3.98B
+5.4% YoY
|
| EBIT |
1.04B
est: 954.76M (+9.0%)
|
1.05B
est: 976.17M (+7.6%)
|
1.10B
est: 1.04B (+5.6%)
|
1.10B
est: 1.03B (+6.3%)
|
1.14B
est: 1.06B (+7.6%)
|
1.17B
est: 1.14B (+2.7%)
|
1.21B
est: 1.19B (+1.9%)
|
1.35B
est: 1.30B (+3.9%)
|
1.37B
est: 1.56B (-12.4%)
|
1.69B
est: 1.64B (+2.9%)
|
1.79B
est: 1.83B (-2.2%)
|
2.00B
1.97B – 2.02B
+9.3% YoY
|
2.16B
2.06B – 2.22B
+8.2% YoY
|
2.33B
2.33B – 2.33B
+7.5% YoY
|
2.41B
2.34B – 2.46B
+3.7% YoY
|
2.54B
2.47B – 2.59B
+5.4% YoY
|
| Net Income |
595.50M
est: 586.02M (+1.6%)
|
633.10M
est: 605.82M (+4.5%)
|
688.30M
est: 682.45M (+0.9%)
|
706.60M
est: 697.14M (+1.4%)
|
757.30M
est: 736.64M (+2.8%)
|
785.50M
est: 772.54M (+1.7%)
|
789.40M
est: 782.18M (+0.9%)
|
857.00M
est: 815.91M (+5.0%)
|
885.40M
est: 1.02B (-12.9%)
|
1.06B
est: 1.03B (+2.9%)
|
1.11B
est: 1.06B (+4.6%)
|
1.12B
1.01B – 1.14B
+5.7% YoY
|
1.13B
1.02B – 1.18B
+0.8% YoY
|
1.22B
1.11B – 1.24B
+7.7% YoY
|
1.22B
1.17B – 1.25B
-0.2% YoY
|
1.27B
1.22B – 1.30B
+4.2% YoY
|
| SGA |
244.80M
est: 202.46M (+20.9%)
|
251.70M
est: 207.00M (+21.6%)
|
251.90M
est: 220.84M (+14.1%)
|
262.00M
est: 218.91M (+19.7%)
|
268.20M
est: 224.91M (+19.2%)
|
297.20M
est: 241.48M (+23.1%)
|
307.50M
est: 252.52M (+21.8%)
|
354.90M
est: 275.10M (+29.0%)
|
380.50M
est: 262.91M (+44.7%)
|
21.40M
est: 277.10M (-92.3%)
|
63.00M
est: 308.29M (-79.6%)
|
336.97M
332.79M – 341.18M
+9.3% YoY
|
364.52M
347.67M – 373.66M
+8.2% YoY
|
392.03M
391.83M – 392.22M
+7.5% YoY
|
406.53M
394.34M – 414.27M
+3.7% YoY
|
428.35M
415.50M – 436.50M
+5.4% YoY
|
| EPS |
0.29
est: 0.29 (-0.5%)
|
0.32
est: 0.30 (+6.2%)
|
0.34
est: 0.34 (+0.1%)
|
0.35
est: 0.35 (+0.9%)
|
0.38
est: 0.37 (+3.7%)
|
0.39
est: 0.38 (+1.5%)
|
0.40
est: 0.39 (+2.8%)
|
0.44
est: 0.42 (+5.0%)
|
0.44
est: 0.51 (-13.2%)
|
0.53
est: 0.52 (+2.0%)
|
0.55
est: 0.54 (+1.7%)
|
0.54
0.50 – 0.57
+0.5% YoY
|
0.56
0.51 – 0.58
+2.4% YoY
|
0.59
0.55 – 0.62
+6.8% YoY
|
0.61
0.58 – 0.62
+1.8% YoY
|
0.63
0.61 – 0.65
+4.2% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-11 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-08 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-07 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-06 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-05 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-04 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-30 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-29 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-28 | B- | 2/5 | 1/5 | 5/5 | 1/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-27 | C+ | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-24 | C+ | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-23 | C+ | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-22 | C+ | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-21 | C+ | 2/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-20 | C+ | 2/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-17 | C+ | 2/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-16 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-15 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Giuseppina Di Foggia | Chief Executive Officer, GM & Non-Independent Director | 1M | female |
| Francesco Beccali | Chief Financial Officer | — | male |
| Francesco Del Pizzo | Executive Vice President of Grid Development Strategies & Dispatching | — | male |
| Giacomo Donnini | Executive Vice President of Major Projects & International Development | — | male |
| Luca Marchisio | Head of Strategy | — | male |
| Nicoletta Buonomo | Executive Vice President of Internal Audit | — | female |
| Pier Francesco Zanuzzi | Executive Vice President of National Transmission Grid | — | male |
| Stefano Gamberini | Head of Investor Relations | — | male |
| Daniele Amati | Executive Vice President of People, Organization & Change | — | male |
| Tiziana Grasselli | CEO and GM Secretariat | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for TRN.MI
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
