HER.MI · MIL FTSE MIB

Hera S.p.A.

Utilities · Utilities - Diversified

€3.74 −€0.018 (−0.48%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Consensus of 5 analysts

Buy

Median price target €4.40 +17.6%

Open: €3.75
Day range: 3.70 – €3.77
52-week range: 3.41 – €4.45
Volume: 1,387,865
Market cap: €5,532M
P/E (TTM): 11.7x
EPS (TTM): €0.32
EPS est. 2026: €0.32
P/E est. 2026: 11.8x
Dividend yield: 4.3%
Beta: 0.83
Payout: 50%

Hera financials

Q2 2026 results, quarter ended Jun 30, 2026

Metric	Q2 2026	1-year change
Total revenue	€2,988M	+21.2%
Net income	€81M	+7.0%
Earnings per share	€0.05	+7.0%
Net margin	2.7%	−0.4 pp
Free cash flow	€5M	−95.5%
Debt / equity	1.34	−3.2%

Revenue and net income (€M)

Total revenueNet income

Quarter	Total revenue	Net income
Q2 2025	€2,465M	€76M
Q3 2025	€2,579M	€65M
Q4 2025	€3,598M	€170M
Q1 2026	€3,518M	€155M
Q2 2026	€2,988M	€81M

Hera earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current year2026 · Analysts: 4	€0.3180.32 – 0.32	+0.3%€0.317
Next year2027 · Analysts: 5	€0.3320.32 – 0.34	+4.4%€0.318

Forward P/E: 11.8x (2026) and 11.3x (2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q2 2025	€0.051	—
Q3 2025	€0.044	—
Q4 2025	€0.115	—
Q1 2026	€0.105	—
Q2 2026	€0.055	—

Year	Actual EPS	Estimated EPS
2022	€0.175	—
2023	€0.305	—
2024	€0.343	—
2025	€0.317	—
2026	—	€0.318
2027	—	€0.332

EPS trend

Quarter	EPS	YoY change
Q2 2026	€0.055	+7.0%
Q1 2026	€0.105	n/a
Q4 2025	€0.115	n/a
Q3 2025	€0.044	n/a
Q2 2025	€0.051	n/a

Year	EPS	Annual change
2027Estimated	€0.332	+4.4%
2026Estimated	€0.318	+0.3%
2025	€0.317	−7.6%
2024	€0.343	+12.5%
2023	€0.305	+74.3%
2022	€0.175	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Hera dividend

Yield and payments

Dividend yield (TTM)	4.3%
Forward yield (next 12m)	4.3%
Dividend per share (TTM)	€0.16
Forward dividend (next 12m)	€0.16
Payout (TTM)	50%
Last dividend	€0.16Jun 22, 2026
Next ex-dividend date	n/a

Dividend per share by year (€)

PaidEstimated

Year	Dividend per share
2019	€0.10
2020	€0.10
2021	€0.11
2022	€0.12
2023	€0.125
2024	€0.14
2025	€0.15
est. 12m	€0.16

Hera forecasts

5 analyst ratings

Buy60% Hold40% Sell0%

Consensus: Buy · 3 buy, 2 hold, 0 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	€4.80	+28.3%
Median	€4.40	+17.6%
Low	€4.40	+17.6%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	€4.12
Dec 30, 2025	€4.02
Jan 30, 2026	€4.17
Feb 27, 2026	€4.43
Mar 31, 2026	€3.97
Apr 30, 2026	€4.02
May 29, 2026	€3.86
Jun 30, 2026	€3.65
Jul 31, 2026	€3.79
Aug 31, 2026	€3.81
Sep 30, 2026	€3.54
Oct 30, 2026	€3.65
Nov 11, 2026	€3.74

Hera peers

Ticker	Company	Market cap (€M)	P/E	Price (€)	1-day change	52-week range
HER.MI	Hera	5,532	11.7x	3.74	−0.48%	3.414.45
IBE.MC	Iberdrola	153,540	31.3x	23.13	+0.61%	17.5423.16
ENEL.MI	Enel	97,120	23.3x	9.77	−0.52%	8.5810.31
ENGI.PA	Engie	62,474	15.1x	24.59	−0.20%	21.2829.89
EOAN.DE	E.ON	49,332	14.6x	18.87	−1.44%	14.9820.39
RWE.DE	RWE	46,300	13.2x	59.36	+2.10%	42.8262.00