ELIS |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 21.44 EUR | 0.00% |
|
+2.00% | +13.50% |
| Mar. 28 | Deutsche Bank Raises Elis PT, Affirms Buy Rating | MT |
| Mar. 28 | ELIS : Deutsche Bank raises its target price again | CF |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,083 | 3,015 | 3,409 | 3,179 | 4,418 | 5,025 | - | - |
| Enterprise Value (EV) 1 | 7,861 | 6,743 | 7,007 | 6,842 | 7,444 | 8,250 | 7,971 | 7,776 |
| P/E ratio | 29.4 x | 682 x | 29.8 x | 16.1 x | 17.8 x | 14.5 x | 13.2 x | 12.8 x |
| Yield | 2.11% | - | 2.43% | 2.97% | 2.28% | 2.35% | 2.55% | 2.94% |
| Capitalization / Revenue | 1.24 x | 1.07 x | 1.12 x | 0.83 x | 1.03 x | 1.09 x | 1.05 x | 1.01 x |
| EV / Revenue | 2.4 x | 2.4 x | 2.3 x | 1.79 x | 1.73 x | 1.79 x | 1.66 x | 1.56 x |
| EV / EBITDA | 7.13 x | 7.12 x | 6.66 x | 5.43 x | 5.05 x | 5.13 x | 4.76 x | 4.37 x |
| EV / FCF | 21.9 x | 18.5 x | 17.1 x | 16.4 x | 24.5 x | 23.4 x | 20.9 x | 18.9 x |
| FCF Yield | 4.57% | 5.41% | 5.83% | 6.11% | 4.08% | 4.27% | 4.8% | 5.3% |
| Price to Book | 1.38 x | 1.08 x | 1.13 x | 0.99 x | - | 1.36 x | 1.23 x | 1.14 x |
| Nbr of stocks (in thousands) | 220,706 | 221,193 | 223,957 | 230,009 | 233,899 | 234,359 | - | - |
| Reference price 2 | 18.50 | 13.63 | 15.22 | 13.82 | 18.89 | 21.44 | 21.44 | 21.44 |
| Announcement Date | 3/4/20 | 3/9/21 | 3/9/22 | 3/8/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,282 | 2,806 | 3,048 | 3,821 | 4,309 | 4,608 | 4,791 | 4,999 |
| EBITDA 1 | 1,103 | 947.5 | 1,052 | 1,260 | 1,475 | 1,609 | 1,675 | 1,780 |
| EBIT 1 | 454.9 | 291.5 | 388.3 | 543.7 | 683.1 | 734.9 | 769.3 | 837.5 |
| Operating Margin | 13.86% | 10.39% | 12.74% | 14.23% | 15.85% | 15.95% | 16.06% | 16.75% |
| Earnings before Tax (EBT) 1 | 185 | 30.9 | 171.1 | 285.1 | 372.9 | 508.3 | 551.8 | 594.3 |
| Net income 1 | 142 | 3.9 | 114.5 | 204.6 | 262.5 | 369.5 | 399.1 | 422.7 |
| Net margin | 4.33% | 0.14% | 3.76% | 5.35% | 6.09% | 8.02% | 8.33% | 8.46% |
| EPS 2 | 0.6300 | 0.0200 | 0.5100 | 0.8600 | 1.060 | 1.481 | 1.626 | 1.681 |
| Free Cash Flow 1 | 359.3 | 364.8 | 408.8 | 417.9 | 303.6 | 352.5 | 382.2 | 412 |
| FCF margin | 10.95% | 13% | 13.41% | 10.94% | 7.05% | 7.65% | 7.98% | 8.24% |
| FCF Conversion (EBITDA) | 32.57% | 38.5% | 38.86% | 33.18% | 20.59% | 21.9% | 22.83% | 23.14% |
| FCF Conversion (Net income) | 253.03% | 9,353.85% | 357.03% | 204.25% | 115.66% | 95.39% | 95.78% | 97.46% |
| Dividend per Share 2 | 0.3900 | - | 0.3700 | 0.4100 | 0.4300 | 0.5034 | 0.5471 | 0.6300 |
| Announcement Date | 3/4/20 | 3/9/21 | 3/9/22 | 3/8/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,678 | 1,352 | 1,454 | 1,376 | 839.4 | 833.3 | 1,673 | 832.8 | 951 | 1,784 | 1,031 | 1,006 | - | 1,088 | 2,101 | 1,123 | 1,085 | 1,090 |
| EBITDA | - | 439.9 | 507.6 | 458.7 | - | - | - | - | - | 576.4 | - | - | - | - | 698.1 | - | - | - |
| EBIT | 249.4 | 110.3 | 181.2 | 131.1 | - | - | - | - | - | - | - | - | 311.3 | - | 305.3 | - | - | - |
| Operating Margin | 14.86% | 8.16% | 12.46% | 9.53% | - | - | - | - | - | - | - | - | - | - | 14.53% | - | - | - |
| Earnings before Tax (EBT) | - | - | 56 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 138.8 | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.61% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/4/20 | 7/29/20 | 3/9/21 | 7/28/21 | 10/26/21 | 3/9/22 | 3/9/22 | 5/10/22 | 7/27/22 | 7/27/22 | 10/26/22 | 3/8/23 | 3/8/23 | 7/26/23 | 7/26/23 | 10/26/23 | 3/7/24 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,778 | 3,728 | 3,599 | 3,663 | 3,026 | 3,226 | 2,947 | 2,751 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.425 x | 3.935 x | 3.421 x | 2.908 x | 2.051 x | 2.005 x | 1.76 x | 1.545 x |
| Free Cash Flow 1 | 359 | 365 | 409 | 418 | 304 | 352 | 382 | 412 |
| ROE (net income / shareholders' equity) | 8.8% | 4.81% | 7.65% | 11.3% | 13% | 12.9% | 12.8% | 13.9% |
| ROA (Net income/ Total Assets) | 3.2% | 1.73% | 2.8% | 2.46% | 2.93% | 4.04% | 4.15% | 4.53% |
| Assets 1 | 4,434 | 225.8 | 4,089 | 8,331 | 8,968 | 9,144 | 9,613 | 9,340 |
| Book Value Per Share 2 | 13.40 | 12.70 | 13.50 | 14.00 | - | 15.70 | 17.40 | 18.80 |
| Cash Flow per Share 2 | 4.350 | 4.350 | 4.280 | 4.590 | 5.350 | 5.390 | 5.570 | 6.040 |
| Capex 1 | 659 | 483 | 553 | 673 | 797 | 894 | 913 | 935 |
| Capex / Sales | 20.08% | 17.22% | 18.13% | 17.62% | 18.5% | 19.4% | 19.05% | 18.71% |
| Announcement Date | 3/4/20 | 3/9/21 | 3/9/22 | 3/8/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
21.44
EUR
Average target price
24.23
EUR
Spread / Average Target
+13.03%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +13.50% | 5.36B | |
| +4.63% | 798M | |
| +2.79% | 645M | |
| +14.52% | 416M |
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