ERG.MI
ERG S.p.A.
MilanEUREQUITY
Utilities
DELAYED
Last price
22.10
▲ 0.04 (0.18%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Tool
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
22.18
Prev close
22.06
Day high
22.40
Day low
22.02
Volume
113.80K
Market cap
$3.22B
P/E (TTM)
38.84
52W range
19.71 – 26.18
Day trading desk
Gap from prior close
+0.54%
Prior close 22.06
VWAP
22.13
-0.14% from price
Relative volume
0.32×
Quiet session
Session range
1.73%
22.02 – 22.40
Position in range
21%
Near session low
ATR (14D)
0.43
1.94% of price
Prior day high
22.50
PDH
Prior day low
22.06
PDL
Bid / ask spread
—
Quote not published
Session volume
76.15K
Avg 239.81K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.77%
-0.4%
1M
-2.29%
-6.0%
3M
-5.79%
-8.9%
6M
-6.03%
-17.1%
YTD
+0.73%
-11.6%
1Y
+9.60%
-10.4%
3Y
-11.37%
-85.5%
5Y
-13.45%
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ERG.MI open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
90.89M
Total on file
Fundamentals
Market cap$3.22B
Enterprise value$5.49B
Revenue (TTM)$774.61M
Gross profit$588.16M
EBITDA$534.19M
Net income$77.81M
EPS (TTM)$0.57
Free cash flow$199.81M
Total cash$467.25M
Total debt$2.67B
Book value / share$13.00
Shares outstanding145.35M
Float33.28M
Short % of float—
Dividend yield4.52%
Beta (5Y)0.69
Valuation & profitability ratios
Trailing P/E38.84
Forward P/E18.98
PEG ratio0.94
Price / sales—
Price / book1.70
EV / revenue7.08
EV / EBITDA10.27
Gross margin75.93%
Operating margin30.76%
Profit margin6.62%
Return on equity4.06%
Return on assets2.99%
Debt / equity137.04
Current ratio1.65
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $743.62M | $732.53M | $740.94M | $713.84M | — | +1.5% |
| Operating revenue | $743.62M | $732.53M | $740.94M | $713.84M | — | +1.5% |
| Cost of revenue | $79.98M | $77.46M | $59.87M | $55.03M | — | +3.2% |
| Gross profit | $663.64M | $655.07M | $681.08M | $658.80M | — | +1.3% |
| Selling, general & admin | $34.19M | $38.04M | $71.91M | $72.13M | — | -10.1% |
| Total operating expense | $435.02M | $412.68M | $385.91M | $394.81M | — | +5.4% |
| Operating income | $228.61M | $242.38M | $295.17M | $264.00M | — | -5.7% |
| Net interest income | -$55.55M | -$22.14M | -$28.93M | -$34.28M | — | -150.9% |
| Pre-tax income | $130.91M | $226.39M | $290.14M | $186.53M | — | -42.2% |
| Tax provision | $33.48M | $34.45M | $74.06M | $97.57M | — | -2.8% |
| Net income | $64.96M | $187.09M | $178.67M | $378.94M | — | -65.3% |
| Net income to common | $64.96M | $187.09M | $178.67M | $378.94M | — | -65.3% |
| Basic EPS | 0.45 | 1.20 | 1.49 | 2.53 | — | -62.7% |
| Diluted EPS | 0.45 | 1.20 | 1.49 | 2.53 | — | -62.7% |
| EBIT | $200.77M | $335.30M | $338.17M | $227.57M | — | -40.1% |
| EBITDA | — | $613.17M | $563.02M | — | $383.77M | — |
| Basic shares | 145.39M | 145.95M | 147.37M | 149.54M | — | -0.4% |
| Diluted shares | 145.39M | 145.95M | 149.29M | 149.54M | — | -0.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $419.83M | $600.97M | $467.57M | $392.81M | -30.1% |
| Cash & short-term investments | $509.10M | $1.05B | $710.13M | $603.95M | -51.7% |
| Accounts receivable | $135.34M | $134.32M | $157.89M | $202.47M | +0.8% |
| Inventory | $24.98M | $23.44M | $20.02M | $17.60M | +6.6% |
| Total current assets | $889.35M | $1.33B | $1.07B | $1.31B | -33.2% |
| Property, plant & equipment | $3.11B | $3.21B | $2.57B | $2.27B | -3.3% |
| Goodwill & intangibles | $1.41B | $1.58B | $1.40B | $1.38B | -10.7% |
| Total assets | $5.62B | $6.32B | $5.21B | $5.23B | -11.1% |
| Total current liabilities | $636.49M | $1.16B | $444.64M | $835.81M | -45.3% |
| Current debt | $254.86M | $719.39M | $163.98M | $361.19M | -64.6% |
| Long-term debt | $2.14B | $2.14B | $2.01B | $1.75B | +0.0% |
| Total debt | $2.63B | $3.09B | $2.34B | $2.28B | -14.9% |
| Total liabilities | $3.57B | $4.09B | $3.07B | $3.17B | -12.7% |
| Retained earnings | $323.15M | $445.29M | $478.78M | $816.97M | -27.4% |
| Shareholder equity | $1.98B | $2.15B | $2.13B | $2.05B | -7.8% |
| Working capital | $252.87M | $169.13M | $642.40M | $497.41M | +49.5% |
| Net tangible assets | $569.63M | $567.09M | $729.66M | $665.64M | +0.4% |
| Shares issued | 150.32M | 150.32M | 150.56M | 150.32M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $70.45M | $189.72M | $180.50M | $383.10M | -62.9% |
| Depreciation & amortisation | $353.98M | $277.87M | $224.86M | $278.62M | +27.4% |
| Change in working capital | -$85.91M | $4.93M | $193.11M | -$21.99M | -1,842.0% |
| Operating cash flow | $404.14M | $484.17M | $882.52M | $661.87M | -16.5% |
| Capital expenditure | -$172.28M | -$233.93M | -$305.77M | -$312.20M | +26.4% |
| Investing cash flow | $169.27M | -$707.13M | -$316.54M | $647.98M | +123.9% |
| Share buybacks | -$11.79M | -$47.31M | -$61.36M | $0 | +75.1% |
| Dividends paid | -$151.34M | -$152.09M | -$154.03M | -$139.05M | +0.5% |
| Financing cash flow | -$744.55M | $356.35M | -$491.22M | -$1.79B | -308.9% |
| Free cash flow | $231.86M | $250.24M | $576.75M | $349.67M | -7.3% |
| End cash position | $419.83M | $600.97M | $467.57M | $392.81M | -30.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $177.86M | $231.00M | $185.62M | $176.00M | $199.00M | — | -23.0% |
| Operating revenue | $177.86M | $231.00M | $185.62M | $176.00M | $199.00M | — | -23.0% |
| Cost of revenue | $34.15M | $3.00M | $72.98M | $2.00M | — | $57.25M | +1,038.3% |
| Gross profit | $143.71M | $228.00M | $112.64M | $174.00M | $196.00M | — | -37.0% |
| Total operating expense | $90.31M | $133.00M | $70.03M | $123.00M | — | $128.10M | -32.1% |
| Operating income | $53.41M | $95.00M | $42.61M | $51.00M | $74.00M | — | -43.8% |
| Net interest income | -$16.98M | -$14.00M | -$19.55M | -$13.00M | -$9.00M | — | -21.3% |
| Pre-tax income | $9.71M | $82.00M | -$19.09M | $37.00M | — | $45.41M | -88.2% |
| Tax provision | $5.02M | $21.00M | -$3.52M | $9.00M | — | -$12.30M | -76.1% |
| Net income | $2.98M | $61.00M | -$45.04M | $27.00M | — | $57.09M | -95.1% |
| Net income to common | $2.98M | $61.00M | -$45.04M | $27.00M | — | $57.09M | -95.1% |
| Basic EPS | — | 0.42 | — | 0.19 | 0.34 | 0.31 | — |
| Diluted EPS | — | 0.42 | — | 0.19 | 0.34 | 0.31 | — |
| EBIT | $34.04M | $95.00M | $14.77M | $51.00M | $74.00M | — | -64.2% |
| EBITDA | $103.78M | $166.00M | $81.56M | $119.00M | $143.00M | — | -37.5% |
| Basic shares | — | 145.35M | — | 145.35M | 145.35M | 145.95M | — |
| Diluted shares | — | 145.35M | — | 145.35M | — | — | — |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $325.54M | $444.00M | $419.83M | $264.00M | $354.13M | — | -26.7% |
| Cash & short-term investments | $471.86M | $444.00M | $509.10M | $264.00M | $494.29M | — | +6.3% |
| Accounts receivable | $132.53M | — | $135.34M | — | $114.55M | $134.32M | — |
| Inventory | $25.96M | — | $24.98M | — | $25.11M | $23.44M | — |
| Total current assets | $799.20M | — | $889.35M | $264.00M | — | $1.33B | — |
| Property, plant & equipment | $3.15B | $3.17B | $3.11B | $3.17B | — | $3.21B | -0.7% |
| Goodwill & intangibles | $1.46B | $1.48B | $1.41B | $1.51B | $1.53B | — | -1.4% |
| Total assets | $5.63B | — | $5.62B | $5.00B | $5.70B | $6.32B | — |
| Total current liabilities | $634.05M | — | $636.49M | — | — | $1.14B | — |
| Current debt | $245.04M | — | $254.86M | — | $247.38M | $719.39M | — |
| Long-term debt | $2.18B | — | $2.14B | $1.88B | $2.20B | $2.14B | — |
| Total debt | $2.67B | $251.00M | $2.63B | $2.12B | — | $3.09B | +963.5% |
| Total liabilities | $3.68B | — | $3.57B | $2.90B | $3.60B | $4.09B | — |
| Retained earnings | $322.18M | — | $323.15M | — | $335.84M | $445.29M | — |
| Shareholder equity | $1.89B | $2.04B | $1.98B | $2.02B | $2.02B | — | -7.5% |
| Working capital | $165.15M | — | $252.87M | — | $151.14M | $169.13M | — |
| Net tangible assets | $432.71M | $565.00M | $569.63M | $511.00M | $491.79M | — | -23.4% |
| Shares issued | 150.32M | 150.32M | 150.32M | 150.32M | 150.32M | — | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$101.31M | $167.00M | -$322.55M | $119.00M | — | -$200.28M | -160.7% |
| Change in working capital | $20.70M | -$3.00M | $7.09M | -$8.00M | -$58.00M | — | +790.1% |
| Operating cash flow | $122.24M | $163.00M | $105.14M | $111.00M | $87.00M | — | -25.0% |
| Capital expenditure | -$54.41M | -$33.00M | -$80.28M | -$22.00M | — | -$51.93M | -64.9% |
| Investing cash flow | -$92.08M | -$76.00M | $336.27M | -$24.00M | — | -$197.13M | -21.2% |
| Financing cash flow | -$196.46M | -$15.00M | -$715.55M | -$11.00M | -$9.00M | — | -1,209.7% |
| Free cash flow | $67.83M | $130.00M | $24.86M | $89.00M | $44.00M | — | -47.8% |
| End cash position | — | — | $419.83M | $1.88B | — | $600.97M | — |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | 1.18 | 4 | $822.49M | +9.4% |
| Next year | 1.17 | 6 | $849.15M | +3.2% |
Analyst targets & ownership
Mean target$23.48
High target$27.80
Low target$17.00
Implied upside6.22%
Analyst count8
ConsensusNONE
Strong buy / Buy0 / 2
Hold4
Sell / Strong sell1 / 1
Held by insiders62.53%
Held by institutions20.77%
Institutions holding167
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
22.26
-0.70% from price
SMA 20
22.00
+0.63% from price
SMA 50
22.70
-2.47% from price
SMA 100
22.79
-3.01% from price
SMA 200
22.59
-2.00% from price
EMA 12
22.19
-0.43% from price
EMA 26
22.30
-0.90% from price
EMA 50
22.52
-1.87% from price
RSI (14)
46.8
Neutral
MACD (12,26,9)
-0.11
Hist 0.07
ATR (14)
0.43
1.94% of price
Realised vol 30D
20.1%
Annualised
Bollinger upper
22.74
20, 2σ
Bollinger lower
21.26
20, 2σ
50 / 200 cross
Golden
22.70 vs 22.59
Trend bias
Below 200
-2.00%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.09
Less volatile than market
Correlation to SPY
0.04
Largely independent
Realised vol 30D
20.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-17.3%
Peak to trough
Max drawdown 5Y
-54.6%
Peak to trough
ATR 14
0.43
1.94% of price
Beta (reported)
0.69
5Y monthly, from filing
Dividends & splits
Forward rate$1.00 / yr
Forward yield4.52%
5-year avg yield3.91%
Payout ratio176.68%
Ex-dividend dateMay 18, 2026
Next pay date—
Last split—
Split date—
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PRIVATE STRATEGY · BY QUALIFICATION
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