Hera S.p.A. (HER.MI) stock analysis

In our weekly check, Hera S.p.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 3, red flags: 4.

About Hera S.p.A.

Hera S.p.A. is an Utilities company (Diversified Utilities) based in Italy, listed on MIL as HER.MI.

What our checks show for HER.MI

Red flags

• Revenue fell 14.2% a year over the last 3 years.
• The net margin is only 3.8%: little room if costs rise.
• The stock has fallen as much as 72% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 6.8 years.

Warning signs

• Net debt is 2.9x a year of EBITDA (debt/equity 1.43). That limits room in a downturn and raises refinancing risk.
• Analysts expect only about 2.7% a year of growth in revenue.
• Free cash flow is only 2.5% of revenue.

Strengths

• The net margin rose by 0.6 points over 5 years, to 3.8%.
• The gross margin is 18.5% and has risen by 4.4 points: pricing power is holding.
• Operating cash flow is 2.7x net profit: the profit arrives as real cash.
• Earnings per share grew 21.1% a year over the last 3 years.
• Net profit grew 22.6% a year over the last 3 years.
• The price is 11.4 times earnings (P/E), reasonable for its growth.

Next earnings report: 2026-11-11

Similar companies

MTLN.L · AQN · A2A.MI · AVA · AES · QEWS.QA

Questions

What grade does Hera S.p.A. (HER.MI) have?

In our weekly check, Hera S.p.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 3, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of HER.MI stock?

This week's biggest flags for Hera S.p.A.: Weak revenue growth, Thin margins, Deep past fall. In total 7 of 25 checks show a warning or a red flag.

What does Hera S.p.A. do?

Hera S.p.A. is an Utilities company (Diversified Utilities) based in Italy, listed on MIL as HER.MI.

When does Hera S.p.A. report earnings next?

The next earnings report is expected on 2026-11-11. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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