Board Change • May 20
High number of new directors Director Manuel Pascual was the last director to join the board, commencing their role in 2024. 공고 • Oct 28
Elopak ASA, Annual General Meeting, May 13, 2026 Elopak ASA, Annual General Meeting, May 13, 2026. Board Change • Aug 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairperson Dag Mejdell was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 공고 • Feb 13
Elopak Asa Proposes Dividend for the Financial Year 2024, Payable on 26 May 2025 and 27 October 2025 Respectively The Board of Elopak ASA will propose a dividend of EUR 0.13 per share for the financial year 2024 to the annual general meeting in 14 May 2025. The dividend will be paid in NOK in two installments of EUR 0.08 per share and EUR 0.05 per share, to be paid in 26 May 2025 and 27 October 2025, respectively. The total ordinary dividends proposed for the financial year 2024 is EUR 35 million. Dividend amount: EUR 0.08 per share: Ex-date: 15 May 2025 and Record date: 16 May 2025. Dividend amount: EUR 0.05 per share: Ex-date: 16 October 2025. Record date: 17 October 2025. Buy Or Sell Opportunity • Nov 16
Now 25% undervalued Over the last 90 days, the stock has risen 15% to €3.61. The fair value is estimated to be €4.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. 공고 • Nov 14
Elopak ASA, Annual General Meeting, May 14, 2025 Elopak ASA, Annual General Meeting, May 14, 2025. 공고 • Nov 13
Elopak ASA to Report Fiscal Year 2024 Results on Apr 02, 2025 Elopak ASA announced that they will report fiscal year 2024 results at 12:00 PM, Central European Standard Time on Apr 02, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: €0.06 (vs €0.072 in 3Q 2023) Third quarter 2024 results: EPS: €0.06 (down from €0.072 in 3Q 2023). Revenue: €292.8m (up 3.3% from 3Q 2023). Net income: €15.2m (down 22% from 3Q 2023). Profit margin: 5.2% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor 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: Minor Risks High level of debt (71% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.76, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Packaging industry in Europe. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.48 per share. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: €0.059 (vs €0.074 in 2Q 2023) Second quarter 2024 results: EPS: €0.059 (down from €0.074 in 2Q 2023). Revenue: €288.4m (up 3.7% from 2Q 2023). Net income: €16.0m (down 20% from 2Q 2023). Profit margin: 5.5% (down from 7.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Manuel Pascual was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
Full year 2023 earnings released: EPS: €0.25 (vs €0.13 in FY 2022) Full year 2023 results: EPS: €0.25 (up from €0.13 in FY 2022). Revenue: €1.13b (up 11% from FY 2022). Net income: €68.4m (up 98% from FY 2022). Profit margin: 6.0% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Packaging industry in Europe. Board Change • Mar 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.