Upcoming Dividend • May 23
Upcoming dividend of €1.44 per share Eligible shareholders must have bought the stock before 29 May 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Austrian dividend payers (4.2%). Lower than average of industry peers (3.7%). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Non-Executive Independent Director Michel Sirat was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • May 02
Elia Group SA/NV announces Annual dividend, payable on June 02, 2026 Elia Group SA/NV announced Annual dividend of EUR 1.4350 per share payable on June 02, 2026, ex-date on May 29, 2026 and record date on June 01, 2026. New Risk • Apr 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). High level of non-cash earnings (25% accrual ratio). Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). 공고 • Apr 04
Elia Group SA/NV has completed a Follow-on Equity Offering in the amount of €1.349883 billion. Elia Group SA/NV has completed a Follow-on Equity Offering in the amount of €1.349883 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,463,396
Price\Range: €61.88
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,351,125
Price\Range: €61.88
Transaction Features: Regulation S; Rights Offering; Rule 144A 공고 • Mar 27
Elia Group SA/NV has filed a Follow-on Equity Offering in the amount of €1.349883 billion. Elia Group SA/NV has filed a Follow-on Equity Offering in the amount of €1.349883 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,814,521
Price\Range: €61.88
Transaction Features: Rights Offering; Rule 144A 공고 • Mar 19
Elia Group SA/NV announces Annual dividend, payable on June 02, 2025 Elia Group SA/NV announced Annual dividend of EUR 1.4350 per share payable on June 02, 2025, ex-date on March 19, 2025 and record date on March 20, 2025. 공고 • Feb 13
Elia Group SA/NV, Annual General Meeting, May 20, 2025 Elia Group SA/NV, Annual General Meeting, May 20, 2025. Buy Or Sell Opportunity • Feb 04
Now 22% overvalued Over the last 90 days, the stock has fallen 22% to €66.80. The fair value is estimated to be €54.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 6.4%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. 공고 • Jan 23
Elia Group SA/NV to Report Q3, 2025 Results on Nov 28, 2025 Elia Group SA/NV announced that they will report Q3, 2025 results on Nov 28, 2025 Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €62.95, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €55.54 per share. 공고 • Jan 08
Elia Group SA/NV to Report First Half, 2025 Results on Jul 25, 2025 Elia Group SA/NV announced that they will report first half, 2025 results on Jul 25, 2025 Reported Earnings • Jul 25
First half 2024 earnings released: EPS: €2.47 (vs €2.21 in 1H 2023) First half 2024 results: EPS: €2.47 (up from €2.21 in 1H 2023). Revenue: €1.79b (down 15% from 1H 2023). Net income: €181.6m (up 12% from 1H 2023). Profit margin: 10% (up from 7.8% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 22
Full year 2023 earnings released: EPS: €4.42 (vs €4.80 in FY 2022) Full year 2023 results: EPS: €4.42 (down from €4.80 in FY 2022). Revenue: €3.84b (up 6.3% from FY 2022). Net income: €324.5m (down 5.0% from FY 2022). Profit margin: 8.4% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Mar 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). 공고 • Oct 26
Elia Group SA/NV to Report Q3, 2023 Results on Nov 24, 2023 Elia Group SA/NV announced that they will report Q3, 2023 results on Nov 24, 2023 Reported Earnings • Jul 29
First half 2023 earnings released: EPS: €2.21 (vs €2.29 in 1H 2022) First half 2023 results: EPS: €2.21. Revenue: €2.10b (up 30% from 1H 2022). Net income: €162.5m (up 3.2% from 1H 2022). Profit margin: 7.8% (down from 9.7% in 1H 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. New Risk • Jul 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Shares are highly illiquid. High level of non-cash earnings (21% accrual ratio).