Terna Rete Elettrica Nazionale SpA
MIL:TRN

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Terna Rete Elettrica Nazionale SpA
MIL:TRN
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Price: 7.616 EUR 0.08% Market Closed
Market Cap: 15.3B EUR
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Relative Value

The Relative Value of one TRN stock under the Base Case scenario is 9.704 EUR. Compared to the current market price of 7.616 EUR, Terna Rete Elettrica Nazionale SpA is Undervalued by 22%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TRN Relative Value
Base Case
9.704 EUR
Undervaluation 22%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3
P/S
P/S
Price to Sales
3
vs History
71
vs Industry
26
Median 3Y
3.2
Median 5Y
3.2
Industry
1.6
Forward
4.3
More Details
9.8
P/E
P/E
Price to Earnings
9.8
vs History
50
vs Industry
52
Median 3Y
11
Median 5Y
9.9
Industry
15.1
Forward
15
More Details
12.5
P/OCF
P/OCF
Price to OCF
12.5
vs History
36
vs Industry
18
Median 3Y
12.3
Median 5Y
11.9
Industry
7
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
24
Median 3Y
-11.9
Median 5Y
5.5
Industry
13.9
More Details
2.1
P/B
P/B
Price to Book Value
2.1
vs History
95
vs Industry
21
Median 3Y
2.4
Median 5Y
2.5
Industry
1.4
More Details
4.7
EV/S
EV/S
Enterprise Value to Sales
4.7
vs History
68
vs Industry
25
Median 3Y
4.9
Median 5Y
5.1
Industry
2.7
Forward
6.8
More Details
5.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.9
vs History
69
vs Industry
53
Median 3Y
6.1
Median 5Y
6.3
Industry
7.5
More Details
7.6
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
7.6
vs History
74
vs Industry
51
Median 3Y
7.9
Median 5Y
7.9
Industry
10.3
Forward
9.7
More Details
10.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
10.2
vs History
66
vs Industry
51
Median 3Y
10.8
Median 5Y
10.6
Industry
14.6
Forward
14.8
More Details
20
EV/OCF
EV/OCF
Enterprise Value to OCF
20
vs History
44
vs Industry
16
Median 3Y
19.8
Median 5Y
19.6
Industry
11.1
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
15
Median 3Y
-33.7
Median 5Y
-42.7
Industry
16.8
More Details
1.2
EV/IC
EV/IC
Enterprise Value to IC
1.2
vs History
80
vs Industry
23
Median 3Y
1.3
Median 5Y
1.3
Industry
0.9
More Details

Multiples Across Competitors

TRN Competitors Multiples
Terna Rete Elettrica Nazionale SpA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
IT
Terna Rete Elettrica Nazionale SpA
MIL:TRN
15.3B EUR 3 9.8 7.6 10.2
US
Nextera Energy Inc
NYSE:NEE
146.7B USD 5.6 21.2 15.3 25.9
US
Southern Co
NYSE:SO
90B USD 3.4 19.1 12.4 21.7
ES
Iberdrola SA
MAD:IBE
84.8B EUR 1.9 12.7 7 10.6
US
Duke Energy Corp
NYSE:DUK
82.9B USD 2.8 19.8 11.6 21.3
IT
Enel SpA
MIL:ENEL
69.1B EUR 0.6 7.9 4 5.4
US
Constellation Energy Corp
NASDAQ:CEG
69.9B USD 2.9 24.6 12.5 22.8
US
PG&E Corp
NYSE:PCG
51.4B USD 2.1 18.8 11.7 20.8
US
American Electric Power Company Inc
NASDAQ:AEP
48.8B USD 2.5 18.6 12.3 22.3
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
DK
Oersted A/S
SWB:D2G
39.4B EUR 4.6 58.2 24.3 24.3
P/E Multiple
Earnings Growth P/E to Growth
IT
Terna Rete Elettrica Nazionale SpA
MIL:TRN
Average P/E: 21.1
9.8
20%
0.5
US
Nextera Energy Inc
NYSE:NEE
21.2
14%
1.6
US
Southern Co
NYSE:SO
19.1
31%
0.6
ES
Iberdrola SA
MAD:IBE
12.7
24%
0.5
US
Duke Energy Corp
NYSE:DUK
19.8
93%
0.2
IT
Enel SpA
MIL:ENEL
7.9
112%
0.1
US
Constellation Energy Corp
NASDAQ:CEG
24.6
93%
0.3
US
PG&E Corp
NYSE:PCG
18.8
91%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
18.6
53%
0.3
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
DK
O
Oersted A/S
SWB:D2G
58.2
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IT
Terna Rete Elettrica Nazionale SpA
MIL:TRN
Average EV/EBITDA: 11.9
7.6
34%
0.2
US
Nextera Energy Inc
NYSE:NEE
15.3
24%
0.6
US
Southern Co
NYSE:SO
12.4
28%
0.4
ES
Iberdrola SA
MAD:IBE
7
16%
0.4
US
Duke Energy Corp
NYSE:DUK
11.6
25%
0.5
IT
Enel SpA
MIL:ENEL
4
1%
4.7
US
Constellation Energy Corp
NASDAQ:CEG
12.5
28%
0.4
US
PG&E Corp
NYSE:PCG
11.7
60%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
12.3
38%
0.3
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
DK
O
Oersted A/S
SWB:D2G
24.3
153%
0.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IT
Terna Rete Elettrica Nazionale SpA
MIL:TRN
Average EV/EBIT: 18.5
10.2
36%
0.3
US
Nextera Energy Inc
NYSE:NEE
25.9
26%
1
US
Southern Co
NYSE:SO
21.7
46%
0.5
ES
Iberdrola SA
MAD:IBE
10.6
21%
0.5
US
Duke Energy Corp
NYSE:DUK
21.3
35%
0.6
IT
Enel SpA
MIL:ENEL
5.4
1%
3.8
US
Constellation Energy Corp
NASDAQ:CEG
22.8
161%
0.1
US
PG&E Corp
NYSE:PCG
20.8
99%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
22.3
56%
0.4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
DK
O
Oersted A/S
SWB:D2G
24.3
64%
0.4

See Also

Summary
TRN intrinsic value, competitors valuation, and company profile.
DCF Valuation
TRN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TRN stock valuation using valuation multiples.
Wall Street Estimates
TRN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TRN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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