ENXTPA:ELIS

Stock Analysis Report

Executive Summary

Elis SA provides linen and work wear rental, laundry, and hygiene and well-being services in France, the United Kingdom, Ireland, Central Europe, Scandinavia, Eastern Europe, Southern Europe, and Latin America.

Snowflake

Fundamentals

Acceptable track record and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

ELIS

-1.6%

FR Commercial Services

-0.4%

FR Market


1 Year Return

-4.9%

ELIS

-2.3%

FR Commercial Services

9.5%

FR Market

Return vs Industry: ELIS underperformed the French Commercial Services industry which returned -2.3% over the past year.

Return vs Market: ELIS underperformed the French Market which returned 9.5% over the past year.


Shareholder returns

ELISIndustryMarket
7 Day1.6%-1.6%-0.4%
30 Day-1.0%-1.7%-1.0%
90 Day-2.0%-0.3%-0.2%
1 Year-2.5%-4.9%1.1%-2.3%13.3%9.5%
3 Year22.6%9.4%-8.0%-17.5%42.5%28.7%
5 Yearn/a1.4%-15.0%71.0%45.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

27.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ELIS (€16.26) is trading below our estimate of fair value (€22.31)

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


Price To Earnings Ratio

PE vs Industry: ELIS is poor value based on its PE Ratio (25.6x) compared to the Commercial Services industry average (16x).

PE vs Market: ELIS is poor value based on its PE Ratio (25.6x) compared to the French market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: ELIS is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: ELIS is good value based on its PB Ratio (1.3x) compared to the FR Commercial Services industry average (1.4x).


Next Steps

Future Growth

How is Elis forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

15.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELIS's forecast earnings growth (15.3% per year) is above the savings rate (0.7%).

Earnings vs Market: ELIS's earnings (15.3% per year) are forecast to grow faster than the French market (11.5% per year).

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

Revenue vs Market: ELIS's revenue (2.9% per year) is forecast to grow slower than the French market (4.4% per year).

High Growth Revenue: ELIS's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELIS's Return on Equity is forecast to be low in 3 years time (8.1%).


Next Steps

Past Performance

How has Elis performed over the past 5 years?

57.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ELIS has become profitable over the past 5 years, growing earnings by 57.7% per year.

Accelerating Growth: ELIS's earnings growth over the past year (406.5%) exceeds its 5-year average (57.7% per year).

Earnings vs Industry: ELIS earnings growth over the past year (406.5%) exceeded the Commercial Services industry -9%.


Return on Equity

High ROE: ELIS's Return on Equity (4.9%) is considered low.


Return on Assets

ROA vs Industry: ELIS's Return on Assets is below or equal to the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: ELIS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Elis's financial position?


Financial Position Analysis

Short Term Liabilities: ELIS's short term assets (€1.1B) do not cover its short term liabilities (€1.4B)

Long Term Liabilities: ELIS's short term assets (1.1B) do not cover its long term liabilities (4.0B)


Debt to Equity History and Analysis

Debt Level: ELIS's debt to equity ratio (128.5%) is considered high

Reducing Debt: ELIS's debt to equity ratio has reduced from 540.2% to 128.5% over the past 5 years.

Debt Coverage: ELIS's debt is well covered by operating cash flow (24.7%).

Interest Coverage: ELIS's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet

Inventory Level: ELIS has a high level of physical assets or inventory.

Debt Coverage by Assets: ELIS's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is Elis's current dividend yield, its reliability and sustainability?

2.28%

Current Dividend Yield


Dividend Yield vs Market

company2.3%marketbottom25%1.5%markettop25%4.7%industryaverage3.5%forecastin3Years2.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ELIS's dividend (2.28%) is higher than the bottom 25% of dividend payers in the French market (1.54%).

High Dividend: ELIS's dividend (2.28%) is low compared to the top 25% of dividend payers in the French market (4.73%).

Stable Dividend: Whilst dividend payments have been stable, ELIS has been paying a dividend for less than 10 years.

Growing Dividend: ELIS's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ELIS's dividends in 3 years are forecast to be well covered by earnings (33.7% payout ratio).


Next Steps

Management

What is the CEO of Elis's salary, the management and board of directors tenure and is there insider trading?

5.1yrs

Average management tenure


CEO

Xavier Martiré (48yo)

0yrs

Tenure

€3,440,920

Compensation

Mr. Xavier Martiré serves as the Chairman of the Management Board and Chief Executive Officer at Elis SA since September 5, 2014. He began his career at SNCF in 1997 as TGV (high-speed train) maintenance w ...


CEO Compensation Analysis

Compensation vs. Market: Xavier's total compensation ($USD0.00) is too low to compare against companies of similar size in the French market ($USD1.35M).

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


Management Age and Tenure

5.1yrs

Average Tenure

50yo

Average Age

Experienced Management: ELIS's management team is seasoned and experienced (5.1 years average tenure).


Board Age and Tenure

3.3yrs

Average Tenure

56yo

Average Age

Experienced Board: ELIS's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Didier Lachaud (60yo)

    Human Resources and CSR Director

    • Tenure: 9.8yrs
  • Louis Guyot (47yo)

    CFO, Administrative & Financial Director & Member of the Management Board

    • Tenure: 0yrs
    • Compensation: €1.02m
  • Xavier Martiré (48yo)

    Chairman of the Management Board & CEO

    • Tenure: 0yrs
    • Compensation: €3.44m
  • Matthieu Lecharny (50yo)

    COO & Member of the Management Board

    • Tenure: 5.1yrs
    • Compensation: €763.04k
  • Alain Bonin (55yo)

    Chief Operating Officer for Group’s Operations in French Region & Switzerland

    • Tenure: 0yrs
  • Frédéric Deletombe (47yo)

    Engineering

    • Tenure: 0yrs
  • Nicolas Buron

    Investor Relations Director

    • Tenure: 0yrs
  • Caroline Roche (46yo)

    Marketing & Innovation Director

    • Tenure: 3.5yrs
  • Erik Verstappen (60yo)

    COO of Nordic Region & Deputy CEO In charge of Operations

    • Tenure: 0yrs
  • Andreas Schneider (52yo)

    Deputy CEO In Charge of Operations & COO of Germany

    • Tenure: 0yrs

Board Members

  • Thierry Morin (67yo)

    Independent Chairman of the Supervisory Board

    • Tenure: 4.7yrs
    • Compensation: €68.00k
  • Antoine Burel (57yo)

    Independent Member of the Supervisory Board

    • Tenure: 0.7yrs
  • Florence Noblot (56yo)

    Independent Member of the Supervisory Board

    • Tenure: 5.1yrs
    • Compensation: €47.50k
  • Philippe Jean Delleur (61yo)

    Independent Member of the Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €43.50k
  • Magali Chessé (45yo)

    Member of the Supervisory Board

    • Tenure: 3.3yrs
    • Compensation: €51.00k
  • Anne-Laure Commault (45yo)

    Member of the Supervisory Board

    • Tenure: 2.4yrs
    • Compensation: €24.00k
  • Joy Verle (40yo)

    Member of the Supervisory Board

    • Tenure: 1.6yrs

Company Information

Elis SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Elis SA
  • Ticker: ELIS
  • Exchange: ENXTPA
  • Founded: 1883
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: €3.579b
  • Shares outstanding: 220.13m
  • Website: https://www.corporate-elis.com

Number of Employees


Location

  • Elis SA
  • 5 Boulevard Louis Loucheur
  • Saint-Cloud
  • Ile-de-France
  • 92210
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELISENXTPA (Euronext Paris)YesCommon StockFREURFeb 2015
ELISPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURFeb 2015
0RA8LSE (London Stock Exchange)YesCommon StockGBEURFeb 2015
ELSS.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 2015
ELIS NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 2015

Biography

Elis SA provides linen and work wear rental, laundry, and hygiene and well-being services in France, the United Kingdom, Ireland, Central Europe, Scandinavia, Eastern Europe, Southern Europe, and Latin Ame ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 21:59
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.