Corporate profile
Hera is a multy utility company working in the following businesses: Waste (collection and disposal, urban hygiene, WTE technology, sorted waste collection, recycling), Energy (supply of gas and electricity), Water cycle (supply of drinkable water and management of the whole hydric cycle, together with purification of the sewage water collected), Networking (management of data networks and connectivity).
Mission
“Hera’s goal is to be the best multi‐utility in Italy for its customers, workforce and shareholders. It aims to achieve this through further development of an original corporate model capable of innovation and of forging strong links with the areas in which it operates by respecting the local environment”.
Corporate Governance
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Shareholding
Hera Share
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Data per share |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
| DPS (€) | 0.100 |
0.100 |
0.110 |
0.120 |
0.125 |
0.140 |
| Coupon (date) | 24/06 |
06/07 |
05/07 |
20/06 |
19/06 |
24/06 |
| Payment (date) | 26/06 |
08/07 |
07/07 |
22/06 |
21/06 |
26/06 |
| EPS (€) | 0.192 |
0.262 |
0.206 |
0.226* |
0.221* |
0.305* |
| Capital Gain (€) | (0.26) |
1.24 |
(0.91) |
0.68 |
(1.14) |
0.45 |
| Total return (€) | (0.16) |
1.34 |
(0.81) |
0.80 |
(1.02) |
0.572 |
| Return % | (5.3%) |
50.0% |
(20.7%) |
+26.8% |
(27.8%) |
22.6% |
Analysts
|
Broker |
Analyst |
Rating |
Target Price |
Banca Akros |
Francesco Sala |
Buy |
3.80 € |
Banca Intesa Sanpaolo |
Davide Candela |
Buy |
3.90 € |
Equita SIM |
Roberto Letizia |
Hold |
3.50 € |
Intermonte |
Federico Pezzetti |
Outperform |
4.00 € |
Kepler Cheuvreux |
Emanuele Oggioni |
Buy |
4.00 € |
Mediobanca |
Javier Suarez |
Outperform |
4.30 € |
Economic data
mln € |
9M 19 |
9M 20 |
9M 21* |
9M 22* |
9M 23* |
9M 24 |
Total revenues |
5,063.2 |
4,905.9 |
6,424.3 |
14,320.1 |
10,955.0 |
8,187.4 |
| Ebitda | 785.8 |
806.2 |
883.3 |
874.8 |
1,006.8 |
1,037.6 |
| Ebit | 405.5 |
414.7 |
470.8 |
437.0 |
504.6 |
522.5 |
| Pre tax profit | 338.4 |
335.2 |
385.4 |
347.5 |
364.9 |
433.5 |
| Tax | (96.4) |
(90.5) |
(93.4) |
(99.1) |
(97.8) |
(121.4) |
| Net profit | 242.0 |
244.7 |
284.4 |
248.4 |
267.1 |
312.1 |
| Minorities | 11.2 |
11.6 |
32.2 |
34.3 |
31.6 |
29.2 |
Hera net profit |
230.8 |
233.1 |
287.1 |
214.1 |
235.5 |
282.9 |
Results by business
| EBITDA (mln/euro) | 9M 2023* |
9M 2024 |
Abs. Ch. |
Ch. % |
| Gas area | 334.1 |
308.7 |
(25.4) |
(7.6%) |
| Electricity area | 187.3 |
200.7 |
+13.4 |
+7.2% |
| Water area | 209.3 |
234.5 |
+25.2 |
+12.0% |
| Waste area | 258.0 |
271.6 |
+13.6 |
+5.3% |
| Other services area | 18.1 |
22.1 |
+4.1 |
+22.4% |
| Total | 1,006.8 |
1,037.6 |
+30.8 |
+3.1% |
