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ELI

Elia GroupENXTBR:ELI Stock Report

Market Cap

€7.5b

7D

4.5%

1Y

16.9%

Updated

29 Nov, 2021

Data

Company Financials +
ELI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends5/6

ELI Stock Overview

Elia Group SA/NV operates a transmission system for the electricity network, and for the offshore grids in Belgium and internationally.

Elia Group Competitors

National Grid

LSE:NG.

UK£36.3b

Terna - Rete Elettrica Nazionale Società per Azioni

BIT:TRN

€13.0b

Red Eléctrica Corporación

BME:REE

€9.9b

Price History & Performance

Summary of all time highs, changes and price drops for Elia Group
Historical stock prices
Current Share Price€109.10
52 Week High€110.90
52 Week Low€83.10
Beta0.27
1 Month Change8.13%
3 Month Change0.37%
1 Year Change16.94%
3 Year Change83.36%
5 Year Change130.63%
Change since IPO292.45%

Recent News & Updates

Oct 28
Is Elia Group (EBR:ELI) Using Too Much Debt?

Is Elia Group (EBR:ELI) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jul 29
Elia Group (EBR:ELI) Has No Shortage Of Debt

Elia Group (EBR:ELI) Has No Shortage Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 09
Taking A Look At Elia Group SA/NV's (EBR:ELI) ROE

Taking A Look At Elia Group SA/NV's (EBR:ELI) ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

Shareholder Returns

ELIBE Electric UtilitiesBE Market
7D4.5%-0.7%-2.1%
1Y16.9%-1.3%9.2%

Return vs Industry: ELI exceeded the Belgian Electric Utilities industry which returned -1.3% over the past year.

Return vs Market: ELI exceeded the Belgian Market which returned 9.2% over the past year.

Price Volatility

Is ELI's price volatile compared to industry and market?
ELI volatility
ELI Average Weekly Movement3.0%
Electric Utilities Industry Average Movement4.2%
Market Average Movement3.8%
10% most volatile stocks in BE Market6.6%
10% least volatile stocks in BE Market2.4%

Stable Share Price: ELI is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ELI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a2,750Chris Peetershttps://www.elia.be

Elia Group SA/NV operates a transmission system for the electricity network, and for the offshore grids in Belgium and internationally. It provides electricity transmission services; transmits electricity from generators; imports and exports electricity; and offers consultancy and engineering services to the international energy market. The company primarily serves electricity generators, distribution system operators, and industrial consumers.

Elia Group Fundamentals Summary

How do Elia Group's earnings and revenue compare to its market cap?
ELI fundamental statistics
Market Cap€7.49b
Earnings (TTM)€250.80m
Revenue (TTM)€2.38b

29.9x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELI income statement (TTM)
Revenue€2.38b
Cost of Revenue€1.28b
Gross Profit€1.10b
Expenses€851.00m
Earnings€250.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 23, 2022

Earnings per share (EPS)3.65
Gross Margin46.33%
Net Profit Margin10.55%
Debt/Equity Ratio173.7%

How did ELI perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

47%

Payout Ratio

Valuation

Is Elia Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ELI (€109.2) is trading below our estimate of fair value (€912.86)

Significantly Below Fair Value: ELI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ELI is poor value based on its PE Ratio (29.9x) compared to the European Electric Utilities industry average (14.3x).

PE vs Market: ELI is poor value based on its PE Ratio (29.9x) compared to the Belgian market (14.8x).


Price to Earnings Growth Ratio

PEG Ratio: ELI is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: ELI is overvalued based on its PB Ratio (1.8x) compared to the XE Electric Utilities industry average (1x).


Future Growth

How is Elia Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELI's forecast earnings growth (8.3% per year) is above the savings rate (1.2%).

Earnings vs Market: ELI's earnings (8.3% per year) are forecast to grow slower than the Belgian market (12.6% per year).

High Growth Earnings: ELI's earnings are forecast to grow, but not significantly.

Revenue vs Market: ELI's revenue (5% per year) is forecast to grow slower than the Belgian market (7.7% per year).

High Growth Revenue: ELI's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELI's Return on Equity is forecast to be low in 3 years time (6.4%).


Past Performance

How has Elia Group performed over the past 5 years?

6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELI has high quality earnings.

Growing Profit Margin: ELI's current net profit margins (10.5%) are lower than last year (11.3%).


Past Earnings Growth Analysis

Earnings Trend: ELI's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: ELI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ELI had negative earnings growth (-0.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (10.4%).


Return on Equity

High ROE: ELI's Return on Equity (6.8%) is considered low.


Financial Health

How is Elia Group's financial position?


Financial Position Analysis

Short Term Liabilities: ELI's short term assets (€2.8B) do not cover its short term liabilities (€3.1B).

Long Term Liabilities: ELI's short term assets (€2.8B) do not cover its long term liabilities (€8.4B).


Debt to Equity History and Analysis

Debt Level: ELI's net debt to equity ratio (129%) is considered high.

Reducing Debt: ELI's debt to equity ratio has increased from 110.4% to 173.7% over the past 5 years.

Debt Coverage: ELI's debt is well covered by operating cash flow (24%).

Interest Coverage: ELI's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Dividend

What is Elia Group current dividend yield, its reliability and sustainability?

1.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ELI's dividend (1.57%) is higher than the bottom 25% of dividend payers in the Belgian market (1.48%).

High Dividend: ELI's dividend (1.57%) is low compared to the top 25% of dividend payers in the Belgian market (4.7%).


Stability and Growth of Payments

Stable Dividend: ELI's dividends per share have been stable in the past 10 years.

Growing Dividend: ELI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.8%), ELI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ELI's dividends in 3 years are forecast to be well covered by earnings (43.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Chris Peeters

6.33yrs

Tenure

€182,648

Compensation

Mr. Chris Peeters has been the Chief Executive Officer of Elia Group SA/NV (formerly known as Elia System Operator SA) since July 6, 2015 and also serves as Member of Executive board. Mr. Peeters serves as...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Chris's total compensation is reasonable compared to companies of similar size in the Belgian market.

Compensation vs Earnings: Insufficient data to compare Chris's compensation with company performance.


Leadership Team

Experienced Management: ELI's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: ELI's board of directors are considered experienced (7.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Elia Group SA/NV's employee growth, exchange listings and data sources


Key Information

  • Name: Elia Group SA/NV
  • Ticker: ELI
  • Exchange: ENXTBR
  • Founded: NaN
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: €7.490b
  • Shares outstanding: 68.65m
  • Website: https://www.elia.be

Number of Employees


Location

  • Elia Group SA/NV
  • Boulevard de l'Empereur 20
  • Brussels
  • Brussels
  • 1000
  • Belgium

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 23:02
End of Day Share Price2021/11/29 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.