Elisa Oyj
Market Cap
€8.8b
Last Updated
2020/03/30 20:39 UTC
Data Sources
Company Financials +
Executive Summary
Elisa Corporation provides telecommunications and digital services.
Rewards
Risk Analysis
Dividend of 3.43% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
6.3%
ELISA
-1.0%
FI Telecom
5.6%
FI Market
1 Year Return
35.0%
ELISA
-17.0%
FI Telecom
-19.3%
FI Market
Return vs Industry: ELISA exceeded the Finnish Telecom industry which returned -17% over the past year.
Return vs Market: ELISA exceeded the Finnish Market which returned -19.3% over the past year.
Shareholder returns
| ELISA | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.3% | -1.0% | 5.6% |
| 30 Day | 6.0% | -12.0% | -19.0% |
| 90 Day | 11.8% | -16.1% | -22.7% |
| 1 Year | 41.0%35.0% | -12.8%-17.0% | -15.3%-19.3% |
| 3 Year | 88.0%64.5% | -15.0%-26.2% | -3.9%-15.9% |
| 5 Year | 181.1%135.9% | -25.6%-40.3% | 4.7%-15.4% |
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
2 weeks ago | Simply Wall St
Here's What Elisa Oyj's (HEL:ELISA) P/E Is Telling Us4 weeks ago | Simply Wall St
Should Elisa Oyj's (HEL:ELISA) Recent Earnings Decline Worry You?1 month ago | Simply Wall St
These 4 Measures Indicate That Elisa Oyj (HEL:ELISA) Is Using Debt Reasonably WellValuation
Is Elisa Oyj undervalued compared to its fair value and its price relative to the market?
29.06x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ELISA (€53.94) is trading above our estimate of fair value (€50.67)
Significantly Below Fair Value: ELISA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ELISA is poor value based on its PE Ratio (28.5x) compared to the Telecom industry average (17.1x).
PE vs Market: ELISA is poor value based on its PE Ratio (28.5x) compared to the Finnish market (15x).
Price to Earnings Growth Ratio
PEG Ratio: ELISA is poor value based on its PEG Ratio (6.7x)
Price to Book Ratio
PB vs Industry: ELISA is overvalued based on its PB Ratio (7.5x) compared to the XE Telecom industry average (1.6x).
Next Steps
Future Growth
How is Elisa Oyj forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
4.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELISA's forecast earnings growth (4.2% per year) is above the savings rate (-0.1%).
Earnings vs Market: ELISA's earnings (4.2% per year) are forecast to grow slower than the Finnish market (8.8% per year).
High Growth Earnings: ELISA's earnings are forecast to grow, but not significantly.
Revenue vs Market: ELISA's revenue (1.2% per year) is forecast to grow faster than the Finnish market (0.4% per year).
High Growth Revenue: ELISA's revenue (1.2% 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 (28.5%)
Next Steps
Past Performance
How has Elisa Oyj performed over the past 5 years?
7.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELISA has high quality earnings.
Growing Profit Margin: ELISA's current net profit margins (16.4%) are lower than last year (17.2%).
Past Earnings Growth Analysis
Earnings Trend: ELISA's earnings have grown by 7.3% per year over the past 5 years.
Accelerating Growth: ELISA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ELISA had negative earnings growth (-4.1%) over the past year, making it difficult to compare to the Telecom industry average (10.4%).
Return on Equity
High ROE: ELISA's Return on Equity (26.4%) is considered high.
Next Steps
Financial Health
How is Elisa Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: ELISA's short term assets (€576.5M) exceed its short term liabilities (€496.7M).
Long Term Liabilities: ELISA's short term assets (€576.5M) do not cover its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: ELISA's debt to equity ratio (99.1%) is considered high.
Reducing Debt: ELISA's debt to equity ratio has reduced from 115.3% to 99.1% over the past 5 years.
Debt Coverage: ELISA's debt is well covered by operating cash flow (48.6%).
Interest Coverage: ELISA's interest payments on its debt are well covered by EBIT (23.3x coverage).
Balance Sheet
Inventory Level: ELISA has a high level of physical assets or inventory.
Debt Coverage by Assets: ELISA's debt is not covered by short term assets (assets are 0.5x debt).
Next Steps
Dividend
What is Elisa Oyj's current dividend yield, its reliability and sustainability?
3.36%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ELISA's dividend (3.43%) is higher than the bottom 25% of dividend payers in the Finnish market (3.2%).
High Dividend: ELISA's dividend (3.43%) is low compared to the top 25% of dividend payers in the Finnish market (6.48%).
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 (97.6%), 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 (98.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
12.2yrs
Average management tenure
CEO
Veli-Matti Mattila (58yo)
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 ($USD0.00) is below average for companies of similar size in the Finnish market ($USD2.72M).
Compensation vs Earnings: Veli-Matti's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Member of Executive Board | no data | €618.88k | 0.074% €6.5m | |
| CFO & Member of Executive Board | 14.25yrs | no data | 0.034% €3.0m | |
| Executive VP of Administration & Member of the Executive Board | 17.17yrs | no data | 0.010% €906.4k | |
| Deputy CE of Strategic Development & Member of the Executive Board | 17.17yrs | no data | 0.039% €3.5m | |
| Executive VP of New Business Development & Member of Executive Board | 14.17yrs | no data | 0.019% €1.7m | |
| Executive VP of Corporate Customers & Member of the Executive Board | 12.17yrs | no data | 0.011% €975.2k | |
| Executive VP of Corporate Communications & Member of Executive Board | 11.42yrs | no data | 0.0069% €606.6k | |
| Executive VP of Human Resources & Member of Executive Board | 7.17yrs | no data | 0.0078% €685.1k | |
| Executive VP of Consumer Customers & Member of Corporate Executive Board | 6.17yrs | no data | 0.018% €1.6m | |
| Executive VP of International Digital Services & Member of Corporate Executive Board | 2.42yrs | no data | 0.0019% €164.0k |
12.2yrs
Average Tenure
53.5yo
Average Age
Experienced Management: ELISA's management team is seasoned and experienced (12.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 0.92yr | €129.80k | 0.0016% €142.8k | |
| Independent Director | 0.92yr | €74.80k | 0.00043% €37.9k | |
| Independent Director | 5.92yrs | €92.60k | 0.0021% €183.4k | |
| Independent Director | 2.92yrs | €77.60k | 0.0013% €112.9k | |
| Independent Director | 10yrs | €77.60k | 0.0065% €574.9k | |
| Independent Director | 4.17yrs | €77.60k | 0.0017% €153.4k | |
| Independent Deputy Chairman | 0.92yr | €91.20k | 0.0030% €261.9k |
2.9yrs
Average Tenure
56yo
Average Age
Experienced Board: ELISA's board of directors are not considered experienced ( 2.9 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: €8.817b
- Shares outstanding: 160.08m
- Website: https://www.elisa.com
Number of Employees
Location
- Elisa Oyj
- Ratavartijankatu 5, PL 1
- Helsinki
- Uusimaa
- 61
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ELMU.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 1999 |
| ELISA | HLSE (OMX Nordic Exchange Helsinki) | Yes | Ordinary Shares | FI | EUR | Jul 1999 |
| EIA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 1999 |
| 0I8Y | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jul 1999 |
| ELISAH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jul 1999 |
| ELMU.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 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, Elisa Videra, Elisa Santa Monica, Elisa Automate, and Elisa Smart Factory brands. It serves approximately 2.8 million consumer, corporate, and public administration organisation customers in Finland, Estonia, and internationally. Elisa Corporation was founded in 1882 and is headquartered in Helsinki, Finland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 20:39 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.