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

Fair value with acceptable track record.


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

-4.0%

ELIS

-2.9%

FR Commercial Services

-0.01%

FR Market


1 Year Return

-21.0%

ELIS

-14.9%

FR Commercial Services

1.4%

FR Market

ELIS underperformed the Commercial Services industry which returned -13% over the past year.

ELIS underperformed the Market in France which returned 2.1% over the past year.


Share holder returns

ELISIndustryMarket
7 Day-4.0%-2.9%-0.01%
30 Day0.8%4.9%4.4%
90 Day2.4%1.2%1.2%
1 Year-19.0%-21.0%-11.7%-14.9%4.9%1.4%
3 Year20.2%7.3%-9.4%-18.7%45.6%31.5%
5 Yearn/a-14.3%-27.2%61.4%37.6%

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

2 weeks ago | Simply Wall St

Introducing Elis (EPA:ELIS), The Stock That Dropped 17% In The Last Year

Valuation

Is Elis undervalued based on future cash flows and its price relative to the stock market?

46%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Elis's share price is below the future cash flow value, and at a moderate discount (> 20%).

Elis's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Elis is overvalued based on earnings compared to the FR Commercial Services industry average.

Elis is overvalued based on earnings compared to the France market.


Price Based on Expected Growth

Elis is poor value based on expected growth next year.


Price Based on Value of Assets

Elis is good value based on assets compared to the FR Commercial Services industry average.


Next Steps

Future Growth

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

13.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Elis's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).

Elis's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).

Elis's revenue growth is positive but not above the France market average.

Elis's earnings growth is expected to exceed the France market average.

Elis's earnings growth is expected to exceed the low risk savings rate of 0.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Elis is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Elis has delivered over 20% year on year earnings growth in the past 5 years.

Elis's 1-year earnings growth exceeds its 5-year average (406.5% vs 57.7%)

Elis's earnings growth has exceeded the FR Commercial Services industry average in the past year (406.5% vs -9%).


Return on Equity

Elis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Elis used its assets less efficiently than the FR Commercial Services industry average last year based on Return on Assets.


Return on Capital Employed

Elis's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Elis's financial position?


Financial Position Analysis

Elis's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Elis's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Elis's level of debt (128.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (540.2% vs 128.5% today).

Debt is well covered by operating cash flow (24.7%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

2.61%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Elis's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.55%).

Elis's dividend is below the markets top 25% of dividend payers in France (4.5%).

Whilst dividend payments have been stable, Elis has been paying a dividend for less than 10 years.

Dividend payments have increased, but Elis only paid a dividend in the past 4 years.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Elis has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3x coverage).


Next Steps

Management

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

5.0yrs

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

Xavier's remuneration is lower than average for companies of similar size in France.

Xavier's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.0yrs

Average Tenure

50yo

Average Age

The average tenure for the Elis management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.3yrs

Average Tenure

56yo

Average Age

The tenure for the Elis board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Didier Lachaud (60yo)

    Human Resources and CSR Director

    • Tenure: 9.7yrs
  • 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: 5yrs
    • 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: 3.4yrs
  • 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)

    Chairman of the Supervisory Board

    • Tenure: 4.6yrs
    • Compensation: €68.00k
  • Antoine Burel (57yo)

    Independent Member of the Supervisory Board

    • Tenure: 0.6yrs
  • Florence Noblot (56yo)

    Independent Member of the Supervisory Board

    • Tenure: 5yrs
    • 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: 2.3yrs
    • Compensation: €24.00k
  • Joy Verle (40yo)

    Member of the Supervisory Board

    • Tenure: 1.5yrs

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: €3.520b
  • 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 Analysis2019/09/23 21:38
End of Day Share Price2019/09/23 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.