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Hera SpA
MIL:HER

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Hera SpA
MIL:HER
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Price: 4.13 EUR 0.88% Market Closed
Market Cap: €6.2B

EV/EBIT

12
Current
45%
More Expensive
vs 3-y average of 8.3

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
12
=
Enterprise Value
€9.8B
/
EBIT
€816m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
12
=
Enterprise Value
€9.8B
/
EBIT
€816m

Valuation Scenarios

Hera SpA is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (8.3), the stock would be worth €2.85 (31% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-31%
Maximum Upside
No Upside Scenarios
Average Downside
15%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 12 €4.13
0%
3-Year Average 8.3 €2.85
-31%
5-Year Average 11.8 €4.06
-2%
Industry Average 9.5 €3.28
-21%
Country Average 11.2 €3.84
-7%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€9.8B
/
Jan 2026
€816m
=
12
Current
€9.8B
/
Dec 2026
€824.4m
=
11.9
Forward
€9.8B
/
Dec 2027
€866.4m
=
11.4
Forward
€9.8B
/
Dec 2028
€924m
=
10.7
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IT
Hera SpA
MIL:HER
6.1B EUR 12 13.2
UK
National Grid PLC
LSE:NG
63.3B GBP 19.7 21.9
FR
Engie SA
PAR:ENGI
68.5B EUR 12.6 19.2
US
Sempra Energy
NYSE:SRE
61B USD 30.5 33.9
DE
E.ON SE
XETRA:EOAN
49.4B EUR 12.4 28.5
US
Dominion Energy Inc
NYSE:D
54.7B USD 20.5 18.5
US
Sempra
VSE:SREN
43.4B EUR 27 27.8
DE
RWE AG
XETRA:RWE
40.9B EUR 33.7 13.1
US
Public Service Enterprise Group Inc
NYSE:PEG
40.2B USD 21.2 19
US
Consolidated Edison Inc
NYSE:ED
39.6B USD 22.4 19.6
US
WEC Energy Group Inc
NYSE:WEC
37.5B USD 24.6 24.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IT
Hera SpA
MIL:HER
Average EV/EBIT: 21.5
12
4%
3
UK
National Grid PLC
LSE:NG
19.7
14%
1.4
FR
Engie SA
PAR:ENGI
12.6
8%
1.6
US
Sempra Energy
NYSE:SRE
30.5
8%
3.8
DE
E.ON SE
XETRA:EOAN
12.4
4%
3.1
US
Dominion Energy Inc
NYSE:D
20.5
10%
2
US
S
Sempra
VSE:SREN
27
8%
3.4
DE
RWE AG
XETRA:RWE
33.7
49%
0.7
US
Public Service Enterprise Group Inc
NYSE:PEG
21.2
11%
1.9
US
Consolidated Edison Inc
NYSE:ED
22.4
18%
1.2
US
WEC Energy Group Inc
NYSE:WEC
24.6
15%
1.6
P/E Multiple
Earnings Growth PEG
IT
Hera SpA
MIL:HER
Average P/E: 21.7
13.2
3%
4.4
UK
National Grid PLC
LSE:NG
21.9
19%
1.2
FR
Engie SA
PAR:ENGI
19.2
16%
1.2
US
Sempra Energy
NYSE:SRE
33.9
30%
1.1
DE
E.ON SE
XETRA:EOAN
28.5
26%
1.1
US
Dominion Energy Inc
NYSE:D
18.5
7%
2.6
US
S
Sempra
VSE:SREN
27.8
29%
1
DE
RWE AG
XETRA:RWE
13.1
-6%
N/A
US
Public Service Enterprise Group Inc
NYSE:PEG
19
6%
3.2
US
Consolidated Edison Inc
NYSE:ED
19.6
8%
2.4
US
WEC Energy Group Inc
NYSE:WEC
24.1
11%
2.2

Market Distribution

In line with most companies in Italy
Percentile
54th
Based on 760 companies
54th percentile
12
Low
0.9 — 7.7
Typical Range
7.7 — 14.9
High
14.9 —
Distribution Statistics
Italy
Min 0.9
30th Percentile 7.7
Median 11.2
70th Percentile 14.9
Max 472.1

Hera SpA
Glance View

Market Cap
6.2B EUR
Industry
Utilities

Hera S.p.A., founded in 2002 through the merger of 11 different companies, stands as a testament to the power of strategic synergy in Italy’s utilities sector. Based in Bologna, Hera has carved out its niche by integrating a diverse range of essential services that power everyday life. The company has developed a robust business model revolving around multi-utility services, managing an impressive portfolio that includes energy, water, and environmental services. By overseeing every stage of the supply chain—from production and distribution to retail—the company leverages economies of scale and an efficient network infrastructure. As a cornerstone of its operational ethos, Hera has committed to sustainable innovation, channeling investments into renewable energy projects and advanced waste management systems. The company generates revenue by serving millions of customers across several regions in Italy, offering reliable services that are both necessary and recurrent. Hera’s strategy hinges on long-term contracts and regulated tariffs, ensuring stable cash flows. With ongoing expansions and acquisitions, Hera not only enhances its market presence but also aligns its economic goals with environmental and societal commitments, thereby bolstering its reputation and ensuring continued profitability.

HER Intrinsic Value
4.48 EUR
Undervaluation 8%
Intrinsic Value
Price €4.13
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