HLSE:ELISA

Stock Analysis Report

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Market Cap

€8.2b

Last Updated

2021/06/21 23:46 UTC

Data Sources

Company Financials +

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 is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ELISA's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-0.8%

ELISA

-0.2%

FI Telecom

-1.3%

FI Market


1 Year Return

-4.1%

ELISA

8.0%

FI Telecom

29.6%

FI Market

Return vs Industry: ELISA underperformed the Finnish Telecom industry which returned 8% over the past year.

Return vs Market: ELISA underperformed the Finnish Market which returned 29.6% over the past year.


Shareholder returns

ELISAIndustryMarket
7 Day-0.8%-0.2%-1.3%
30 Day3.1%1.8%1.3%
90 Day-2.6%4.6%7.1%
1 Year-0.4%-4.1%15.3%8.0%35.6%29.6%
3 Year44.9%29.3%19.3%2.4%41.2%19.9%
5 Year89.1%54.2%26.2%0.4%95.9%56.7%

Long-Term 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?

24.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ELISA (€50.98) is trading above our estimate of fair value (€44.47)

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 (24.6x) compared to the European Telecom industry average (20.2x).

PE vs Market: ELISA is good value based on its PE Ratio (24.6x) compared to the Finnish market (24.9x).


Price to Earnings Growth Ratio

PEG Ratio: ELISA is poor value based on its PEG Ratio (5.2x)


Price to Book Ratio

PB vs Industry: ELISA is overvalued based on its PB Ratio (6.5x) compared to the XE Telecom industry average (2x).


Future Growth

How is Elisa Oyj forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELISA's forecast earnings growth (4.8% per year) is above the savings rate (0.2%).

Earnings vs Market: ELISA's earnings (4.8% per year) are forecast to grow slower than the Finnish market (11.4% per year).

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

Revenue vs Market: ELISA's revenue (1.5% per year) is forecast to grow slower than the Finnish market (3.5% per year).

High Growth Revenue: ELISA's revenue (1.5% 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 (30.2%)


Past Performance

How has Elisa Oyj performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELISA has high quality earnings.

Growing Profit Margin: ELISA's current net profit margins (17.4%) are higher than last year (16.7%).


Past Earnings Growth Analysis

Earnings Trend: ELISA's earnings have grown by 4.4% per year over the past 5 years.

Accelerating Growth: ELISA's earnings growth over the past year (6.3%) exceeds its 5-year average (4.4% per year).

Earnings vs Industry: ELISA earnings growth over the past year (6.3%) underperformed the Telecom industry 18.6%.


Return on Equity

High ROE: Whilst ELISA's Return on Equity (26.32%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Elisa Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: ELISA's short term assets (€792.3M) exceed its short term liabilities (€437.2M).

Long Term Liabilities: ELISA's short term assets (€792.3M) do not cover its long term liabilities (€1.4B).


Debt to Equity History and Analysis

Debt Level: ELISA's debt to equity ratio (106.4%) is considered high.

Reducing Debt: ELISA's debt to equity ratio has reduced from 122.6% to 106.4% over the past 5 years.

Debt Coverage: ELISA's debt is well covered by operating cash flow (43.8%).

Interest Coverage: ELISA's interest payments on its debt are well covered by EBIT (31x coverage).


Balance Sheet


Dividend

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

3.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ELISA's dividend (3.83%) is higher than the bottom 25% of dividend payers in the Finnish market (1.72%).

High Dividend: ELISA's dividend (3.83%) is in the top 25% of dividend payers in the Finnish market (3.7%)


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 (94.1%), 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 (97.9% payout ratio).


Next Steps

Management

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

10.5yrs

Average management tenure


CEO

Veli-Matti Mattila (60 yo)

no data

Tenure

€3,151,877

Compensation

Mr. Veli-Matti Johannes Mattila, M.Sc (Tech.), MBA, serves as Director at Orion Oyj since March 25, 2021. He is a Chief Economist at Federation of Finnish Financial Services. Mr. Mattila serves as Chief Ex...


CEO Compensation Analysis

Compensation vs Market: Veli-Matti's total compensation ($USD3.74M) is about average for companies of similar size in the Finnish market ($USD3.65M).

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


Leadership Team

Experienced Management: ELISA's management team is seasoned and experienced (10.5 years average tenure).


Board Members

Experienced Board: ELISA's board of directors are not considered experienced ( 1.7 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: €8.166b
  • Shares outstanding: 160.19m
  • Website: https://www.elisa.com

Number of Employees


Location

  • Elisa Oyj
  • Ratavartijankatu 5
  • Helsinki
  • Uusimaa
  • 61
  • Finland

Listings


Biography

Elisa Oyj provides data communications and digital services. It operates in two segments, Consumer Customers and Corporate Customers segments. The company offers telecommunications and communications servi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/21 23:46
End of Day Share Price2021/06/21 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.