Hera

HERA WILL BUY, NOT PAY OUT MORE, SADLY (BUY; 24% UPSIDE)

24/12/20 -"While over the past three years the Italian group comfortably outperformed the European index, its year-to-date performance is disappointing. Given that most of the group’s activities have ..."

PDF page sample
Pages
54
Language
English
Published on
24/12/20
Download
You may also be interested by these reports :
07/03/26
As a result, our EPS forecasts have been upgraded, reflecting both the higher B2B & EM estimates and the integration of UKPN from HY 2026. We have ...
06/03/26
Our NAV has been revised upwards following its alignment with the new 2026 tariff RAB, which stands at €28.8bn, up from €26.2bn in 2025. We value ...
05/03/26
Snam’s 2026–2030 strategic plan outlines €14bn of investments focused mainly on transmission and storage, broadly consistent with the previous plan ...
04/03/26
Since fully divesting its UK Gas Transmission network (National Gas) between 2022 and 2024 to a consortium led by Macquarie Asset Management, ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO