Societatea Energetica Electrica S.A., together with its subsidiaries, engages in the electricity distribution and supply business in Romania.
Excellent balance sheet and good value.
Share Price & News
How has Societatea Energetica Electrica's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ECEA's share price has been volatile over the past 3 months.
7 Day Return
DE Electric Utilities
1 Year Return
DE Electric Utilities
Return vs Industry: ECEA underperformed the German Electric Utilities industry which returned -1.3% over the past year.
Return vs Market: ECEA underperformed the German Market which returned -17.5% over the past year.
Price Volatility Vs. Market
How volatile is Societatea Energetica Electrica's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Societatea Energetica Electrica undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ECEA (€7.1) is trading below our estimate of fair value (€14.35)
Significantly Below Fair Value: ECEA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ECEA is poor value based on its PE Ratio (15.4x) compared to the Electric Utilities industry average (10.2x).
PE vs Market: ECEA is good value based on its PE Ratio (15.4x) compared to the German market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: ECEA is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: ECEA is good value based on its PB Ratio (0.6x) compared to the XE Electric Utilities industry average (0.8x).
How is Societatea Energetica Electrica forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ECEA's forecast earnings growth (13.9% per year) is above the savings rate (-0.4%).
Earnings vs Market: ECEA's earnings (13.9% per year) are forecast to grow slower than the German market (14.4% per year).
High Growth Earnings: ECEA's earnings are forecast to grow, but not significantly.
Revenue vs Market: ECEA's revenue (2.6% per year) is forecast to grow slower than the German market (4.1% per year).
High Growth Revenue: ECEA's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ECEA's Return on Equity is forecast to be low in 3 years time (6.4%).
How has Societatea Energetica Electrica performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ECEA has high quality earnings.
Growing Profit Margin: ECEA's current net profit margins (3.3%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: ECEA's earnings have declined by -18.1% per year over the past 5 years.
Accelerating Growth: ECEA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ECEA had negative earnings growth (-10.3%) over the past year, making it difficult to compare to the Electric Utilities industry average (7.2%).
Return on Equity
High ROE: ECEA's Return on Equity (3.7%) is considered low.
How is Societatea Energetica Electrica's financial position?
Financial Position Analysis
Short Term Liabilities: ECEA's short term assets (RON1.7B) exceed its short term liabilities (RON1.5B).
Long Term Liabilities: ECEA's short term assets (RON1.7B) exceed its long term liabilities (RON773.7M).
Debt to Equity History and Analysis
Debt Level: ECEA's debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: ECEA's debt to equity ratio has increased from 4.7% to 14.2% over the past 5 years.
Debt Coverage: ECEA's debt is well covered by operating cash flow (60.5%).
Interest Coverage: ECEA's interest payments on its debt are well covered by EBIT (28.6x coverage).
Inventory Level: ECEA has a low level of unsold assets or inventory.
Debt Coverage by Assets: ECEA's debt is covered by short term assets (assets are 2.1x debt).
What is Societatea Energetica Electrica's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ECEA's dividend (7.69%) is higher than the bottom 25% of dividend payers in the German market (1.68%).
High Dividend: ECEA's dividend (7.69%) is in the top 25% of dividend payers in the German market (4.97%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ECEA has been paying a dividend for less than 10 years.
Growing Dividend: ECEA's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (119.7%), ECEA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ECEA's dividends in 3 years are not forecast to be well covered by earnings (92% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Georgeta-Corina Popescu (51yo)
Ms. Georgeta-Corina Popescu has been Chief Executive Officer of Societatea Energetica Electrica S.A. since February 1, 2019 and served as it’s Director. Ms. Popescu had served as the Chief Executive Office ...
|Chief Executive Officer||1.17yrs||no data||no data|
|Chief Financial Officer||2.17yrs||no data||no data|
|Manager of Operations||no data||no data||no data|
|Chief Information Officer||0.75yr||no data||no data|
|Chief Sales Executive Officer||2.25yrs||no data||no data|
|Chief Human Resources Officer||1yr||no data||no data|
|Head of International Cooperation Office||no data||no data||no data|
|Chief Distribution Officer & Executive Manager||3yrs||no data||no data|
|Chief Strategy Officer||2.83yrs||no data||no data|
Experienced Management: ECEA's management team is considered experienced (2.2 years average tenure).
|Non-Executive Independent Director||4.25yrs||no data||no data|
|Independent Non-Executive Director||1yr||no data||no data|
|Non-Executive Director||2.83yrs||no data||no data|
|Non-Executive Director||1.25yrs||no data||no data|
|Independent Chairman of the Board||1.25yrs||no data||no data|
|Non-Executive Independent Director||1.92yrs||no data||no data|
Experienced Board: ECEA's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Societatea Energetica Electrica S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Societatea Energetica Electrica S.A.
- Ticker: ECEA
- Exchange: DB
- Founded: 1898
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: RON3.199b
- Listing Market Cap: RON660.547m
- Shares outstanding: 339.55m
- Website: https://www.electrica.ro
Number of Employees
- Societatea Energetica Electrica S.A.
- 9 Grigore Alexandrescu Street
- 1st District
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ELST||LSE (London Stock Exchange)||GDR (EACH REPR 4 ORD) (REG S) (TEMP)||GB||USD||No data|
|ELSA||LSE (London Stock Exchange)||GDR EACH REPR 4 SHS REG S||GB||USD||Jul 2014|
|51FL||LSE (London Stock Exchange)||GDR (EACH REPR 4ORD) (144A)||GB||USD||Jul 2014|
|ECEA||DB (Deutsche Boerse AG)||GDR EACH REPR 4 SHS REG S||DE||EUR||Jul 2014|
|EL||BVB (Bucharest Stock Exchange)||Yes||Ordinary Shares||RO||RON||Jul 2014|
|0QVZ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||RON||Jul 2014|
Societatea Energetica Electrica S.A., together with its subsidiaries, engages in the electricity distribution and supply business in Romania. It operates through Electricity and Gas Supply, Electricity Distribution, and External Electricity Network Maintenance segments. The company provides electricity distribution services to electricity suppliers; and supplies electricity to consumers in North Transylvania, South Transylvania, and North Muntenia. It also offers construction, repair, maintenance, and other services for the energy sector. The company was formerly known as Societatea de Distributie si Furnizare a Energiei Electrice Electrica S.A. and changed its name to Societatea Energetica Electrica S.A. in April 2016. Societatea Energetica Electrica S.A. was founded in 1898 and is headquartered in Bucharest, Romania.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 23:07|
|End of Day Share Price||2020/03/30 00:00|
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.