Ellinas Finance (CSE:ELF) - Share price, News & Analysis

Q: What is the Fair Price of ELF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ELF (€0.36) is trading below our estimate of [[fair value]] (€0.41)

ELF fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	3/6

ELF Stock Overview

Ellinas Finance Public Company Limited provides short and medium term lending services to individuals and companies in Cyprus.

Rewards

Trading at 11.7% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap (€6M)

Dividend of 5.56% is not well covered by earnings

Does not have meaningful revenue (€2M)

Ellinas Finance Competitors

Karyes Investment

CSE:KAR

€5.1m

Ceejay Finance

BSE:530789

₹351.9m

Emerald Leasing Finance and Investment

BSE:538882

₹599.8m

Zaim Credit Systems

LSE:ZAIM

UK£6.9m

Price History & Performance

Summary of all time highs, changes and price drops for Ellinas Finance
Historical stock prices
Current Share Price	€0.36
52 Week High	€0.36
52 Week Low	€0.33
Beta	0.15
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	40.63%
Change since IPO	-82.94%

Shareholder Returns

	ELF	CY Diversified Financial	CY Market
7D	0%	0.09%	1.4%
1Y	n/a	-5.7%	0.6%

Return vs Industry: Insufficient data to determine how ELF performed against the CY Diversified Financial industry.

Return vs Market: Insufficient data to determine how ELF performed against the CY Market.

Price Volatility

Is ELF's price volatile compared to industry and market?
ELF volatility
ELF Average Weekly Movement	n/a
Diversified Financial Industry Average Movement	5.6%
Market Average Movement	4.3%
10% most volatile stocks in CY Market	5.6%
10% least volatile stocks in CY Market	3.2%

Stable Share Price: Insufficient data to determine ELF's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ELF's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1992	23	Nearchos Petrides	https://www.ellinasfinance.com

Ellinas Finance Public Company Limited provides short and medium term lending services to individuals and companies in Cyprus. It offers personal, car, student, debt consolidation, flexi, and house improvement loans, as well as credit plans; company, trade, and working capital loans; personal and business short term loans; and margin trading accounts. The company also provides insurance financing services; factoring and cheque discounting services; private equity; and money transfer services, as well as people advisory, and payroll outsourcing and advisory services.

Ellinas Finance Fundamentals Summary

How do Ellinas Finance's earnings and revenue compare to its market cap?
ELF fundamental statistics
Market Cap	€5.76m
Earnings (TTM)	€444.91k
Revenue (TTM)	€1.62m

12.9x

P/E Ratio

3.6x

P/S Ratio

Is ELF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELF income statement (TTM)
Revenue	€1.62m
Cost of Revenue	€218.87k
Gross Profit	€1.40m
Other Expenses	€956.51k
Earnings	€444.91k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.028
Gross Margin	86.49%
Net Profit Margin	27.46%
Debt/Equity Ratio	39.0%

How did ELF perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

72%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is ELF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ELF?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ELF. This is calculated by dividing ELF's market cap by their current preferred multiple.
What is ELF's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€5.76m

ELF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does ELF's PE Ratio compare to its peers?

ELF PE Ratio vs Peers

The above table shows the PE ratio for ELF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	15.2x
KAR Karyes Investment	19.3x	n/a	€5.1m
530789 Ceejay Finance	7.4x	n/a	₹351.9m
538882 Emerald Leasing Finance and Investment	23.9x	n/a	₹599.8m
ZAIM Zaim Credit Systems	10.2x	n/a	UK£6.9m
ELF Ellinas Finance	12.9x	n/a	€5.8m

Price-To-Earnings vs Peers: ELF is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (15.2x).

Price to Earnings Ratio vs Industry

How does ELF's PE Ratio compare vs other companies in the Asian Diversified Financial Industry?

Price-To-Earnings vs Industry: ELF is good value based on its Price-To-Earnings Ratio (12.9x) compared to the Asian Diversified Financial industry average (13.9x)

Price to Earnings Ratio vs Fair Ratio

What is ELF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ELF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ELF's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of ELF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ELF (€0.36) is trading below our estimate of fair value (€0.41)

Significantly Below Fair Value: ELF is trading below fair value, but not by a significant amount.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Future Growth

How is Ellinas Finance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

5.8%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ellinas Finance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

Examine whether Ellinas Finance is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Ellinas Finance performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

15.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ELF has high quality earnings.

Growing Profit Margin: ELF's current net profit margins (27.5%) are lower than last year (34.1%).

Past Earnings Growth Analysis

Earnings Trend: ELF's earnings have grown by 15.4% per year over the past 5 years.

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

Earnings vs Industry: ELF had negative earnings growth (-12.7%) over the past year, making it difficult to compare to the Diversified Financial industry average (23.1%).

Return on Equity

High ROE: ELF's Return on Equity (5.2%) is considered low.

Discover strong past performing companies

Financial Health

How is Ellinas Finance's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: ELF's short term assets (€11.6M) exceed its short term liabilities (€2.6M).

Long Term Liabilities: ELF's short term assets (€11.6M) exceed its long term liabilities (€2.6M).

Debt to Equity History and Analysis

Debt Level: ELF's net debt to equity ratio (31.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ELF's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ELF's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ELF's interest payments on its debt are well covered by EBIT.

Balance Sheet

Discover healthy companies

Dividend

What is Ellinas Finance current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

5.56%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ELF's dividend (5.56%) is higher than the bottom 25% of dividend payers in the CY market (2.91%).

High Dividend: ELF's dividend (5.56%) is low compared to the top 25% of dividend payers in the CY market (5.6%).

Stability and Growth of Payments

Stable Dividend: ELF's dividend payments have been volatile in the past 10 years.

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

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (71.9%), ELF's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: ELF is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

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

6.1yrs

Average board tenure

CEO

Nearchos Petrides

3.17yrs

Tenure

Mr. Nearchos Petrides serves as Chief Executive Officer at Ellinas Finance Public Company Limited since June, 2020 and serves as its Managing Director since September 2020. He has main responsibilities the...

Board Members

Experienced Board: ELF's board of directors are considered experienced (6.1 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/04 00:00
End of Day Share Price	2022/06/14 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31