Terna SpA
Terna SpA operates in Diversified Metals & Mining.
Terna SpA (UEI) - Net Assets
Latest net assets as of September 2024: €7.51 Billion EUR
Based on the latest financial reports, Terna SpA (UEI) has net assets worth €7.51 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€21.22 Billion) and total liabilities (€13.71 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €7.51 Billion |
| % of Total Assets | 35.38% |
| Annual Growth Rate | 8.63% |
| 5-Year Change | 49.89% |
| 10-Year Change | N/A |
| Growth Volatility | 9.08 |
Terna SpA - Net Assets Trend (2016–2023)
This chart illustrates how Terna SpA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Terna SpA (2016–2023)
The table below shows the annual net assets of Terna SpA from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €6.34 Billion | +2.82% |
| 2022-12-31 | €6.17 Billion | +30.90% |
| 2021-12-31 | €4.71 Billion | +6.73% |
| 2020-12-31 | €4.42 Billion | +4.35% |
| 2019-12-31 | €4.23 Billion | +4.38% |
| 2018-12-31 | €4.05 Billion | +5.88% |
| 2017-12-31 | €3.83 Billion | +7.70% |
| 2016-12-31 | €3.56 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Terna SpA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 76.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.28 Billion | 67.61% |
| Other Components | €2.05 Billion | 32.39% |
| Total Equity | €6.32 Billion | 100.00% |
Terna SpA Competitors by Market Cap
The table below lists competitors of Terna SpA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TV Azteca S.A.B. de C.V
PINK:AZTEF
|
$89.58K |
|
Idea Acquisition Corp. Units
NASDAQ:IACOU
|
$89.66K |
|
BlackRock Credit Allocation Income Trust
NYSE:BTZ
|
$89.68K |
|
KRISHNA DEFENCE AN
NSE:KRISHNADEF-SM
|
$89.70K |
|
WAG Payment Solutions PLC
LSE:WPS
|
$89.27K |
|
BETASHARES CAPITAL LTD
AU:QNDQ
|
$89.20K |
|
FEINTOOL INTL N (FTO.SG)
STU:FTO
|
$89.19K |
|
Aquaron Acquisition Corp. Rights
NASDAQ:AQUNR
|
$89.15K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Terna SpA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 6,142,000,000 to 6,324,400,000, a change of 182,400,000 (3.0%).
- Net income of 885,400,000 contributed positively to equity growth.
- Dividend payments of 671,500,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €885.40 Million | +14.0% |
| Dividends Paid | €671.50 Million | -10.62% |
| Other Changes | €-31.50 Million | -0.5% |
| Total Change | €- | 2.97% |
Book Value vs Market Value Analysis
This analysis compares Terna SpA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.86x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.77x to 2.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.89 | €9.03 | x |
| 2018-12-31 | €2.00 | €9.03 | x |
| 2019-12-31 | €2.08 | €9.03 | x |
| 2020-12-31 | €2.18 | €9.03 | x |
| 2021-12-31 | €2.33 | €9.03 | x |
| 2022-12-31 | €3.06 | €9.03 | x |
| 2023-12-31 | €3.15 | €9.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Terna SpA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.00%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.13%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.71x
- Recent ROE (14.00%) is below the historical average (16.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 17.91% | 31.10% | 0.13x | 4.54x | €279.56 Million |
| 2017 | 18.10% | 31.47% | 0.13x | 4.45x | €307.97 Million |
| 2018 | 17.58% | 31.09% | 0.13x | 4.26x | €304.68 Million |
| 2019 | 18.07% | 32.94% | 0.13x | 4.30x | €338.27 Million |
| 2020 | 17.98% | 32.77% | 0.12x | 4.72x | €348.52 Million |
| 2021 | 16.86% | 30.85% | 0.11x | 4.78x | €321.21 Million |
| 2022 | 13.95% | 29.37% | 0.13x | 3.71x | €242.80 Million |
| 2023 | 14.00% | 28.13% | 0.13x | 3.71x | €252.96 Million |
Industry Comparison
This section compares Terna SpA's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $113,641,441,621
- Average return on equity (ROE) among peers: -15.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Terna SpA (UEI) | €7.51 Billion | 17.91% | 1.83x | $89.28K |
| HORIBA (01H) | $178.67 Billion | 7.38% | 0.84x | $959.65K |
| Tokyu Corporation (01T) | $796.16 Billion | 7.26% | 2.03x | $92.52K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.07K |
| MOSAIC (02M) | $9.64 Billion | -1.11% | 0.93x | $207.01K |
| MOSAIC (02M.SG) (02M) | $9.37 Billion | -11.39% | 1.06x | $215.62K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $18.78 Million | -30.96% | 4.30x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $356.01 Million | -141.47% | 8.23x | $165.30 |
| CN MODERN DAIRY (07M) | $11.11 Billion | 9.17% | 1.13x | $1.67K |
| TOURMALINE OIL (08T) | $7.97 Billion | 4.01% | 0.40x | $365.75K |
| ASIA CASSAVA RESOUR (0ACS) | $846.18 Million | -4.06% | 1.78x | $337.10 |