HLSE:ELISA

Stock Analysis Report

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Executive Summary

Elisa Corporation provides telecommunications and digital services. More Details


Snowflake Analysis

Proven track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has Elisa Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ELISA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.7%

ELISA

-1.5%

FI Telecom

-7.4%

FI Market


1 Year Return

-13.0%

ELISA

-18.6%

FI Telecom

-2.4%

FI Market

Return vs Industry: ELISA exceeded the Finnish Telecom industry which returned -18.6% over the past year.

Return vs Market: ELISA underperformed the Finnish Market which returned -2.4% over the past year.


Shareholder returns

ELISAIndustryMarket
7 Day-5.7%-1.5%-7.4%
30 Day-15.9%-2.8%-5.6%
90 Day-16.2%-4.2%1.0%
1 Year-10.2%-13.0%-15.0%-18.6%5.7%-2.4%
3 Year36.6%21.2%-13.3%-24.1%13.3%-6.3%
5 Year50.5%22.3%-18.4%-34.0%40.1%10.3%

Price Volatility Vs. Market

How volatile is Elisa Oyj's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Elisa Oyj undervalued compared to its fair value and its price relative to the market?

13.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ELISA (€42.28) is trading below our estimate of fair value (€48.92)

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


Price To Earnings Ratio

PE vs Industry: ELISA is poor value based on its PE Ratio (20.8x) compared to the XE Telecom industry average (18.7x).

PE vs Market: ELISA is good value based on its PE Ratio (20.8x) compared to the Finnish market (21.9x).


Price to Earnings Growth Ratio

PEG Ratio: ELISA is poor value based on its PEG Ratio (6.5x)


Price to Book Ratio

PB vs Industry: ELISA is overvalued based on its PB Ratio (6.2x) compared to the XE Telecom industry average (1.8x).


Next Steps

Future Growth

How is Elisa Oyj forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELISA's forecast earnings growth (3.2% per year) is above the savings rate (0.4%).

Earnings vs Market: ELISA's earnings (3.2% per year) are forecast to grow slower than the Finnish market (14.5% per year).

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

Revenue vs Market: ELISA's revenue (1.1% per year) is forecast to grow slower than the Finnish market (4.6% per year).

High Growth Revenue: ELISA's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELISA's Return on Equity is forecast to be high in 3 years time (29.7%)


Next Steps

Past Performance

How has Elisa Oyj performed over the past 5 years?

5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELISA has high quality earnings.

Growing Profit Margin: ELISA's current net profit margins (17.2%) are higher than last year (16.6%).


Past Earnings Growth Analysis

Earnings Trend: ELISA's earnings have grown by 5.6% per year over the past 5 years.

Accelerating Growth: ELISA's earnings growth over the past year (7.1%) exceeds its 5-year average (5.6% per year).

Earnings vs Industry: ELISA earnings growth over the past year (7.1%) underperformed the Telecom industry 7.1%.


Return on Equity

High ROE: Whilst ELISA's Return on Equity (29.7%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Elisa Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: ELISA's short term assets (€801.0M) exceed its short term liabilities (€656.4M).

Long Term Liabilities: ELISA's short term assets (€801.0M) do not cover its long term liabilities (€1.3B).


Debt to Equity History and Analysis

Debt Level: ELISA's debt to equity ratio (133.3%) is considered high.

Reducing Debt: ELISA's debt to equity ratio has increased from 118.6% to 133.3% over the past 5 years.

Debt Coverage: ELISA's debt is well covered by operating cash flow (38.6%).

Interest Coverage: ELISA's interest payments on its debt are well covered by EBIT (35.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Elisa Oyj current dividend yield, its reliability and sustainability?

4.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ELISA's dividend (4.38%) is higher than the bottom 25% of dividend payers in the Finnish market (2.08%).

High Dividend: ELISA's dividend (4.38%) is low compared to the top 25% of dividend payers in the Finnish market (4.71%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (91.2%), ELISA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ELISA's dividends in 3 years are not forecast to be well covered by earnings (97.6% payout ratio).


Next Steps

Management

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

12.4yrs

Average management tenure


CEO

Veli-Matti Mattila (59 yo)

no data

Tenure

€618,882

Compensation

Mr. Veli-Matti Johannes Mattila is a Chief Economist at Federation of Finnish Financial Services. Mr. Mattila serves as Chief Executive Officer and President at Elisa Oyj (formerly Elisa Communications Oyj ...


CEO Compensation Analysis

Compensation vs Market: Veli-Matti's total compensation ($USD0.00) is below average for companies of similar size in the Finnish market ($USD2.69M).

Compensation vs Earnings: Veli-Matti's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Veli-Matti Mattila
CEO, President & Member of Executive Boardno data€618.88k0.074%
€ 5.0m
Jari Kinnunen
CFO & Member of Executive Board14.83yrsno data0.034%
€ 2.3m
Sami Ylikortes
Executive VP of Administration & Member of the Executive Board17.75yrsno data0.010%
€ 695.8k
Asko Känsälä
Deputy CEO of Strategic Development & Member of the Executive Board17.75yrsno data0.039%
€ 2.7m
Pasi Mäenpää
Executive VP of New Business Development & Member of Executive Board14.75yrsno data0.019%
€ 1.3m
Timo Katajisto
Executive VP of Corporate Customers & Member of the Executive Board12.75yrsno data0.011%
€ 748.6k
Katiye Vuorela
Executive VP of Corporate Communications & Member of Executive Board12yrsno data0.0069%
€ 465.7k
Merja Ranta-Aho
Executive VP of Human Resources & Member of Executive Board7.75yrsno data0.0078%
€ 525.9k
Vesa-Pekka Nikula
Executive VP of Consumer Customers & Member of Corporate Executive Board6.75yrsno data0.018%
€ 1.2m
Henri Korpi
Executive VP of International Digital Services & Member of Corporate Executive Board3yrsno data0.0019%
€ 125.9k
Sami Komulainen
Executive VP of Production & Member of the Executive Board1.75yrsno data0.0016%
€ 105.6k
Antti Nieminen
Executive VP of Marketing & Member of Corporate Executive Boardno datano datano data

12.4yrs

Average Tenure

53.5yo

Average Age

Experienced Management: ELISA's management team is seasoned and experienced (12.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anssi Vanjoki
Independent Chairman1.5yrs€129.80k0.0016%
€ 109.6k
Kim Ignatius
Independent Director1.5yrs€74.80k0.00043%
€ 29.1k
Seija Turunen
Independent Director6.5yrs€92.60k0.0021%
€ 140.8k
Antti Vasara
Independent Director3.5yrs€77.60k0.0013%
€ 86.6k
Topi Manner
Independent Director0.50yrno datano data
Clarisse Berggårdh
Independent Deputy Chairman of the Board0.50yr€77.60k0.0017%
€ 117.8k
Eva-Lotta Sjöstedt
Independent Director0.50yrno datano data

1.5yrs

Average Tenure

55yo

Average Age

Experienced Board: ELISA's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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

Elisa Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Elisa Oyj
  • Ticker: ELISA
  • Exchange: HLSE
  • Founded: 1882
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: €6.768b
  • Shares outstanding: 160.08m
  • Website: https://www.elisa.com

Number of Employees


Location

  • Elisa Oyj
  • Ratavartijankatu 5, PL 1
  • Helsinki
  • Uusimaa
  • 61
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELMU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1999
ELISAHLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEURJul 1999
EIADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1999
0I8YLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1999
ELISAHBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1999
ELMU.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

Elisa Corporation provides telecommunications and digital services. It operates in Consumer Customers and Corporate Customers segments. The company offers its services under the Elisa, Elisa Saunalahti, El ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 21:32
End of Day Share Price2020/10/30 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.