Elisa Oyj

HLSE:ELISA Stock Report

Market Cap: €7.0b

Elisa Oyj Future Growth

Future criteria checks 2/6

Elisa Oyj is forecast to grow earnings and revenue by 5.4% and 1.9% per annum respectively. EPS is expected to grow by 5.3% per annum. Return on equity is forecast to be 32.4% in 3 years.

Key information

5.4%

Earnings growth rate

5.32%

EPS growth rate

Telecom earnings growth19.4%
Revenue growth rate1.9%
Future return on equity32.35%
Analyst coverage

Good

Last updated06 Mar 2026

Recent future growth updates

Elisa Oyj Just Missed EPS By 7.6%: Here's What Analysts Think Will Happen Next

Feb 04
Elisa Oyj Just Missed EPS By 7.6%: Here's What Analysts Think Will Happen Next

Analysts Have Made A Financial Statement On Elisa Oyj's (HEL:ELISA) Second-Quarter Report

Jul 18
Analysts Have Made A Financial Statement On Elisa Oyj's (HEL:ELISA) Second-Quarter Report

Elisa Oyj (HEL:ELISA) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Apr 19
Elisa Oyj (HEL:ELISA) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Recent updates

Elisa Oyj Just Missed EPS By 7.6%: Here's What Analysts Think Will Happen Next

Feb 04
Elisa Oyj Just Missed EPS By 7.6%: Here's What Analysts Think Will Happen Next

Cost Pressures And Transformation Risks Will Undermine Benefits Of 5G And Fiber Investments

Catalysts About Elisa Oyj Elisa Oyj is a Finnish telecom and digital services company with operations in mobile, fixed broadband, corporate IT and cyber services, and international software services. What are the underlying business or industry changes driving this perspective?

Earnings Working Against Elisa Oyj's (HEL:ELISA) Share Price

Jan 07
Earnings Working Against Elisa Oyj's (HEL:ELISA) Share Price

Are Investors Undervaluing Elisa Oyj (HEL:ELISA) By 48%?

Dec 20
Are Investors Undervaluing Elisa Oyj (HEL:ELISA) By 48%?

These 4 Measures Indicate That Elisa Oyj (HEL:ELISA) Is Using Debt Reasonably Well

Sep 25
These 4 Measures Indicate That Elisa Oyj (HEL:ELISA) Is Using Debt Reasonably Well

Elisa Oyj's (HEL:ELISA) Dividend Will Be €1.17

Sep 03
Elisa Oyj's (HEL:ELISA) Dividend Will Be €1.17

Elisa Oyj (HEL:ELISA) Shares Could Be 37% Below Their Intrinsic Value Estimate

Aug 20
Elisa Oyj (HEL:ELISA) Shares Could Be 37% Below Their Intrinsic Value Estimate

Elisa Oyj (HEL:ELISA) Has Announced A Dividend Of €1.17

Aug 04
Elisa Oyj (HEL:ELISA) Has Announced A Dividend Of €1.17

Analysts Have Made A Financial Statement On Elisa Oyj's (HEL:ELISA) Second-Quarter Report

Jul 18
Analysts Have Made A Financial Statement On Elisa Oyj's (HEL:ELISA) Second-Quarter Report

Elisa Oyj (HEL:ELISA) Has Announced A Dividend Of €1.17

Jul 07
Elisa Oyj (HEL:ELISA) Has Announced A Dividend Of €1.17

Returns On Capital Are A Standout For Elisa Oyj (HEL:ELISA)

Jul 02
Returns On Capital Are A Standout For Elisa Oyj (HEL:ELISA)

Elisa Oyj (HEL:ELISA) Is Due To Pay A Dividend Of €1.17

May 16
Elisa Oyj (HEL:ELISA) Is Due To Pay A Dividend Of €1.17

Elisa Oyj (HEL:ELISA) Has Announced A Dividend Of €1.17

May 01
Elisa Oyj (HEL:ELISA) Has Announced A Dividend Of €1.17

Elisa Oyj (HEL:ELISA) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Apr 19
Elisa Oyj (HEL:ELISA) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Elisa Oyj (HEL:ELISA) Has Announced A Dividend Of €1.17

Apr 13
Elisa Oyj (HEL:ELISA) Has Announced A Dividend Of €1.17

Elisa Oyj's (HEL:ELISA) Business Is Trailing The Market But Its Shares Aren't

Mar 17
Elisa Oyj's (HEL:ELISA) Business Is Trailing The Market But Its Shares Aren't

Earnings and Revenue Growth Forecasts

HLSE:ELISA - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282,41642442573910
12/31/20272,36941841671316
12/31/20262,31439640769616
12/31/20252,257342410689N/A
9/30/20252,249366385669N/A
6/30/20252,224364360669N/A
3/31/20252,213366341654N/A
12/31/20242,192358344651N/A
9/30/20242,175369339670N/A
6/30/20242,184369346662N/A
3/31/20242,175367361662N/A
12/31/20232,181375343648N/A
9/30/20232,180378370662N/A
6/30/20232,169378350633N/A
3/31/20232,158378323600N/A
12/31/20222,130374321592N/A
9/30/20222,102364322574N/A
6/30/20222,065360324575N/A
3/31/20222,028350344599N/A
12/31/20211,998344337596N/A
9/30/20211,961340349598N/A
6/30/20211,932332354602N/A
3/31/20211,908332338587N/A
12/31/20201,895328351600N/A
9/30/20201,884325307564N/A
6/30/20201,881320310556N/A
3/31/20201,872312327562N/A
12/31/20191,844303322554N/A
9/30/20191,827303N/A554N/A
6/30/20191,816304N/A536N/A
3/31/20191,822310N/A531N/A
12/31/20181,832316N/A515N/A
9/30/20181,834308N/A512N/A
6/30/20181,834308N/A510N/A
3/31/20181,821343N/A486N/A
12/31/20171,787337N/A501N/A
9/30/20171,749324N/A498N/A
6/30/20171,714315N/A481N/A
3/31/20171,662263N/A492N/A
12/31/20161,636257N/A487N/A
9/30/20161,606254N/A450N/A
6/30/20161,582247N/A471N/A
3/31/20161,579247N/A460N/A
12/31/20151,570243N/A463N/A
9/30/20151,551237N/A488N/A
6/30/20151,540237N/A460N/A
3/31/20151,534232N/A442N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELISA's forecast earnings growth (5.4% per year) is above the savings rate (2.1%).

Earnings vs Market: ELISA's earnings (5.4% per year) are forecast to grow slower than the Finnish market (12.8% per year).

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

Revenue vs Market: ELISA's revenue (1.9% per year) is forecast to grow slower than the Finnish market (4% per year).

High Growth Revenue: ELISA's revenue (1.9% 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 (32.4%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/11 08:08
End of Day Share Price 2026/03/11 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elisa Oyj is covered by 33 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Jonathan DannBarclays
Maxime DelaugerreBarclays