Terna Rete Elettrica Nazionale
Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. It operates through Regulated, Non-Regulated, and International segments. The company is involved in the design, construction, management, development, operation, and maintenance of national transmission grid; dispatching and metering; … Read more
Terna Rete Elettrica Nazionale (TEZNY) - Net Assets
Latest net assets as of June 2025: $7.53 Billion USD
Based on the latest financial reports, Terna Rete Elettrica Nazionale (TEZNY) has net assets worth $7.53 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($28.08 Billion) and total liabilities ($20.55 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 | $7.53 Billion |
| % of Total Assets | 26.81% |
| Annual Growth Rate | 4.54% |
| 5-Year Change | 70.84% |
| 10-Year Change | 125.48% |
| Growth Volatility | 12.47 |
Terna Rete Elettrica Nazionale - Net Assets Trend (2003–2024)
This chart illustrates how Terna Rete Elettrica Nazionale'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 Rete Elettrica Nazionale (2003–2024)
The table below shows the annual net assets of Terna Rete Elettrica Nazionale from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.54 Billion | +18.44% |
| 2023-12-31 | $6.37 Billion | +2.79% |
| 2022-12-31 | $6.20 Billion | +29.43% |
| 2021-12-31 | $4.79 Billion | +8.42% |
| 2020-12-31 | $4.42 Billion | +2.30% |
| 2019-12-31 | $4.32 Billion | +6.47% |
| 2018-12-31 | $4.05 Billion | +3.29% |
| 2017-12-31 | $3.93 Billion | +10.40% |
| 2016-12-31 | $3.56 Billion | +6.26% |
| 2015-12-31 | $3.35 Billion | +8.18% |
| 2014-12-31 | $3.09 Billion | +5.18% |
| 2013-12-31 | $2.94 Billion | +5.24% |
| 2012-12-31 | $2.79 Billion | +1.57% |
| 2011-12-31 | $2.75 Billion | -0.35% |
| 2010-12-31 | $2.76 Billion | +10.37% |
| 2009-12-31 | $2.50 Billion | +15.61% |
| 2008-12-31 | $2.16 Billion | -4.83% |
| 2007-12-31 | $2.27 Billion | +19.55% |
| 2006-12-31 | $1.90 Billion | -0.03% |
| 2005-12-31 | $1.90 Billion | +4.52% |
| 2004-12-31 | $1.82 Billion | -38.65% |
| 2003-12-31 | $2.97 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Terna Rete Elettrica Nazionale'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 1941.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.50 Billion | 59.81% |
| Common Stock | $442.20 Million | 5.88% |
| Other Comprehensive Income | $2.59 Billion | 34.46% |
| Total Equity | $7.52 Billion | 100.00% |
Terna Rete Elettrica Nazionale Competitors by Market Cap
The table below lists competitors of Terna Rete Elettrica Nazionale ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Volkswagen AG
PINK:VLKAF
|
$22.93 Billion |
|
CRRC Corporation Limited
PINK:CRCCY
|
$22.96 Billion |
|
EPIROC AB A
F:3AD1
|
$23.00 Billion |
|
Thales S.A
PINK:THLEF
|
$23.05 Billion |
|
Weichai Power Co Ltd Class A
SHE:000338
|
$22.85 Billion |
|
Ulta Beauty Inc
NASDAQ:ULTA
|
$22.83 Billion |
|
Grupo Financiero Banorte S.A.B. de C.V
OTCQX:GBOOF
|
$22.83 Billion |
|
International Container Terminal Services, Inc.
OTCGREY:ICTEY
|
$22.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Terna Rete Elettrica Nazionale's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,324,400,000 to 7,524,200,000, a change of 1,199,800,000 (19.0%).
- Net income of 1,061,900,000 contributed positively to equity growth.
- Dividend payments of 690,600,000 reduced retained earnings.
- Share repurchases of 8,000,000 reduced equity.
- Other comprehensive income increased equity by 834,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.06 Billion | +14.11% |
| Dividends Paid | $690.60 Million | -9.18% |
| Share Repurchases | $8.00 Million | -0.11% |
| Other Comprehensive Income | $834.90 Million | +11.1% |
| Other Changes | $1.60 Million | +0.02% |
| Total Change | $- | 18.97% |
Book Value vs Market Value Analysis
This analysis compares Terna Rete Elettrica Nazionale'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: 2.40x
- 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 6.06x to 2.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $4.45 | $26.96 | x |
| 2004-12-31 | $2.74 | $26.96 | x |
| 2005-12-31 | $2.79 | $26.96 | x |
| 2006-12-31 | $2.84 | $26.96 | x |
| 2007-12-31 | $3.23 | $26.96 | x |
| 2008-12-31 | $3.10 | $26.96 | x |
| 2009-12-31 | $3.73 | $26.96 | x |
| 2010-12-31 | $4.12 | $26.96 | x |
| 2011-12-31 | $4.11 | $26.96 | x |
| 2012-12-31 | $4.17 | $26.96 | x |
| 2013-12-31 | $4.40 | $26.96 | x |
| 2014-12-31 | $4.62 | $26.96 | x |
| 2015-12-31 | $4.95 | $26.96 | x |
| 2016-12-31 | $5.28 | $26.96 | x |
| 2017-12-31 | $5.67 | $26.96 | x |
| 2018-12-31 | $6.01 | $26.96 | x |
| 2019-12-31 | $6.26 | $26.96 | x |
| 2020-12-31 | $6.53 | $26.96 | x |
| 2021-12-31 | $6.99 | $26.96 | x |
| 2022-12-31 | $7.70 | $26.96 | x |
| 2023-12-31 | $9.46 | $26.96 | x |
| 2024-12-31 | $11.23 | $26.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Terna Rete Elettrica Nazionale 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): 14.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.12%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.61x
- Recent ROE (14.11%) is below the historical average (25.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 74.30% | 247.86% | 0.18x | 1.67x | $1.91 Billion |
| 2004 | 129.68% | 225.77% | 0.21x | 2.71x | $2.18 Billion |
| 2005 | 15.66% | 27.40% | 0.17x | 3.31x | $107.68 Million |
| 2006 | 18.71% | 32.84% | 0.17x | 3.30x | $165.63 Million |
| 2007 | 20.02% | 33.39% | 0.16x | 3.72x | $216.60 Million |
| 2008 | 16.44% | 25.55% | 0.14x | 4.55x | $133.72 Million |
| 2009 | 30.82% | 58.53% | 0.14x | 3.73x | $520.85 Million |
| 2010 | 22.23% | 40.02% | 0.14x | 3.90x | $337.54 Million |
| 2011 | 15.99% | 27.65% | 0.13x | 4.61x | $164.90 Million |
| 2012 | 16.59% | 26.75% | 0.11x | 5.42x | $184.17 Million |
| 2013 | 17.47% | 27.80% | 0.13x | 5.01x | $219.54 Million |
| 2014 | 17.60% | 28.29% | 0.13x | 4.87x | $235.21 Million |
| 2015 | 17.93% | 29.40% | 0.13x | 4.65x | $263.42 Million |
| 2016 | 17.91% | 30.95% | 0.13x | 4.56x | $279.56 Million |
| 2017 | 18.10% | 31.27% | 0.13x | 4.48x | $307.97 Million |
| 2018 | 17.58% | 30.78% | 0.13x | 4.30x | $304.68 Million |
| 2019 | 18.07% | 32.71% | 0.13x | 4.32x | $338.27 Million |
| 2020 | 17.98% | 32.77% | 0.12x | 4.74x | $348.52 Million |
| 2021 | 16.86% | 30.77% | 0.11x | 4.78x | $321.21 Million |
| 2022 | 16.63% | 29.31% | 0.13x | 4.43x | $341.70 Million |
| 2023 | 14.00% | 28.07% | 0.13x | 3.71x | $252.96 Million |
| 2024 | 14.11% | 29.12% | 0.13x | 3.61x | $309.48 Million |
Industry Comparison
This section compares Terna Rete Elettrica Nazionale's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $30,028,837,500
- Average return on equity (ROE) among peers: 15.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Terna Rete Elettrica Nazionale (TEZNY) | $7.53 Billion | 74.30% | 2.73x | $22.88 Billion |
| Aboitiz Equity Ventures Inc (ABOIF) | $113.50 Billion | 21.11% | 0.96x | $1.55 Billion |
| Ameren Corp (AEE) | $4.55 Billion | 11.50% | 2.12x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $5.05 Billion | 9.89% | 2.11x | $71.56 Billion |
| Avangrid Inc (AGR) | $500.50 Million | 10.07% | 2.97x | $2.56 Billion |
| Central Puerto S.A. (CEPU) | $32.93 Billion | 53.20% | 0.74x | $2.49 Billion |
| CLP Holdings Ltd (CLPHY) | $126.71 Billion | 6.81% | 0.89x | $14.34 Billion |
| CMS Energy Corporation (CMS) | $4.48 Billion | 10.27% | 4.15x | $23.53 Billion |
| CenterPoint Energy Inc (CNP) | $10.04 Billion | 10.52% | 2.84x | $27.76 Billion |
| The Connecticut Light and Power Company (CNTHP) | $2.37 Billion | 9.12% | 2.52x | $512.98K |
| Caribbean Utilities Company Ltd (CUPUF) | $142.47 Million | 16.68% | 1.58x | $224.77 Million |