ERG SpAMIL:ERG +1.40%76 FCF Margin % is 56.28% as of Mar. 2026, which is 69% above its 10-year median of 33.22. GuruFocus rates MIL:ERG with a GF Score™ of 76/100 and a GF Value™ of €24.37 (Fairly Valued). The stock has 5 warning signs investors should review. Among 418 Utilities - Independent Power Producers companies, ERG SpA ranks better than 86.6% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. ERG SpA's Free Cash Flow for the
three
months ended in Mar. 2026 was €130.0 Mil. ERG SpA's Revenue for the
three
months ended in Mar. 2026 was €231.0 Mil. Therefore, ERG SpA's FCF Margin % for the quarter that ended in Mar. 2026 was 56.28%.
The historical data trend for ERG SpA's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Renewable subindustry, ERG SpA's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ERG SpA FCF Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ERG SpA's FCF Margin % distribution charts can be found below:
* The bar in red indicates where ERG SpA's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ERG SpA (MIL:ERG) has a FCF Margin % of 56.28% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on ERG SpA and its competitors. This is 69% above median its historical median of 33.22. According to the industry distribution chart, ERG SpA ranks #56 out of 418 companies in the Utilities - Independent Power Producers industry, placing it in the top 13.4%.
Is ERG SpA's FCF Margin % too high?
ERG SpA's current FCF Margin % of 56.28% is 69% above median its 10-year median of 33.22. The Utilities - Independent Power Producers industry median FCF Margin % is 2.71. ERG SpA's value of 56.28% is 1976.8% above this industry median. Based on the distribution chart, ERG SpA ranks #56 out of 418 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, ERG SpA has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ERG SpA's FCF Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ERG SpA ranks #56 out of 418 companies for FCF Margin %. This places ERG SpA in the top 13% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 2.71. ERG SpA's value of 56.28% is 1976.8% above this benchmark. While the company's 10-year median is 33.22 vs. the industry median of 2.71, ERG SpA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Utilities - Independent Power Producers company?
The median FCF Margin % among Utilities - Independent Power Producers companies is 2.71, based on 418 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ERG SpA's current FCF Margin % of 56.28% is 1976.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on ERG SpA and its competitors. For the Utilities - Independent Power Producers industry, the median FCF Margin % is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ERG SpA's current FCF Margin % is 56.28%, which is 69% above median its own 10-year median of 33.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ERG SpA stock overvalued right now?
Based on GuruFocus' analysis, ERG SpA (MIL:ERG) is currently considered Fairly Valued. The stock's GF Value™ is €24.37, compared to a current price of €23.22 — trading 4.7% below its estimated fair value. The current FCF Margin % is 56.28%, which is 69% above median its 10-year median of 33.22 and 1976.8% above the Utilities - Independent Power Producers industry median of 2.71. ERG SpA's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For ERG SpA (MIL:ERG), the current FCF Margin % is 56.28% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ERG SpA (MIL:ERG) Overvalued in 2026?
Based on GuruFocus' analysis, ERG SpA stock appears to be undervalued.
The current stock price of €23.22 is trading 4.7% below its estimated GF Value™ of €24.37.
GuruFocus considers ERG SpA to be Fairly Valued.
Key valuation signals for MIL:ERG:
FCF Margin %: 56.28% (69% above median its 10-year median of 33.22)
GF Value™: €24.37 vs. price of €23.22 (4.7% below fair value)
Industry Position: 1976.8% above the Utilities - Independent Power Producers median (#56 of 418)
No single metric tells the full story. See the MIL:ERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.
76GF Score
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