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Eleco AIM:ELCO Stock Report

Last Price


Market Cap







23 Sep, 2022


Company Financials +
ELCO fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance2/6
Financial Health6/6

ELCO Stock Overview

Eleco Plc provides software and related services in the United Kingdom, Scandinavia, Germany, the rest of Europe, the United States, and internationally.

Eleco Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Eleco
Historical stock prices
Current Share PriceUK£0.68
52 Week HighUK£1.27
52 Week LowUK£0.67
1 Month Change-3.94%
3 Month Change-6.58%
1 Year Change-44.78%
3 Year Change-10.26%
5 Year Change37.22%
Change since IPO42.08%

Recent News & Updates

Shareholder Returns

ELCOGB SoftwareGB Market

Return vs Industry: ELCO underperformed the UK Software industry which returned -21.2% over the past year.

Return vs Market: ELCO underperformed the UK Market which returned -12.9% over the past year.

Price Volatility

Is ELCO's price volatile compared to industry and market?
ELCO volatility
ELCO Average Weekly Movement2.3%
Software Industry Average Movement5.1%
Market Average Movement5.2%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: ELCO is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

1895245Jonathan Hunter

Eleco Plc provides software and related services in the United Kingdom, Scandinavia, Germany, the rest of Europe, the United States, and internationally. The company offers CAD architecture software under the Arcon Evo; Bidcon, a construction estimating software; IconSystem, a cloud-based collaborative building information management software to record, specify, design, and manage building data; Interiorstudio, a room configuration and visualization interior design software; MarketingManager, which combines product information management and digital asset management to create an effective central database; and Materialo, a flooring visualizer software. It also provides Powerproject, a planning and project management software; Memmo, a project site management and collaboration software; ShireSystem, a combined CMMS and CAFM software to manage multiple locations and assets; Staircon, a CAD/CAM software for designing and manufacturing staircases; Statcon, a design software for structural engineering; 3D Architect, a software to support self-builders to plan and visualize small to large scale building design projects; Easyplan, an intuitive planning software for planning, managing, and delivery of smaller projects; Framing, a design tool for timber frame and floor construction; o2c, a CAD compression software to optimize 3D data for transfer; Project Viewer for viewing files without having a licensed copy of software on device; and Tilos, a time chainage software for time-location planning.

Eleco Fundamentals Summary

How do Eleco's earnings and revenue compare to its market cap?
ELCO fundamental statistics
Market CapUK£56.09m
Earnings (TTM)UK£2.27m
Revenue (TTM)UK£26.95m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELCO income statement (TTM)
Cost of RevenueUK£3.04m
Gross ProfitUK£23.91m
Other ExpensesUK£21.63m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)0.028
Gross Margin88.71%
Net Profit Margin8.43%
Debt/Equity Ratio0%

How did ELCO perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is ELCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ELCO?

Other financial metrics that can be useful for relative valuation.

ELCO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA7.1x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does ELCO's PE Ratio compare to its peers?

ELCO PE Ratio vs Peers
The above table shows the PE ratio for ELCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average-28.7x
NET Netcall
OMG Oxford Metrics
ITIM Itim Group
IGP Intercede Group
ELCO Eleco

Price-To-Earnings vs Peers: ELCO is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (-28.7x).

Price to Earnings Ratio vs Industry

How does ELCO's PE Ratio compare vs other companies in the GB Software Industry?

Price-To-Earnings vs Industry: ELCO is good value based on its Price-To-Earnings Ratio (24.7x) compared to the UK Software industry average (47.4x)

Price to Earnings Ratio vs Fair Ratio

What is ELCO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ELCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.7x
Fair PE Ratio26.7x

Price-To-Earnings vs Fair Ratio: ELCO is good value based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (26.7x).

Share Price vs Fair Value

What is the Fair Price of ELCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ELCO (£0.68) is trading above our estimate of fair value (£0.63)

Significantly Below Fair Value: ELCO is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Future Growth

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

Future Growth Score


Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELCO's forecast earnings growth (12.4% per year) is above the savings rate (0.9%).

Earnings vs Market: ELCO's earnings (12.4% per year) are forecast to grow faster than the UK market (8.6% per year).

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

Revenue vs Market: ELCO's revenue (7.8% per year) is forecast to grow faster than the UK market (4.5% per year).

High Growth Revenue: ELCO's revenue (7.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ELCO's Return on Equity is forecast to be low in 3 years time (11%).

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Past Performance

How has Eleco performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ELCO has high quality earnings.

Growing Profit Margin: ELCO's current net profit margins (8.4%) are lower than last year (12.8%).

Past Earnings Growth Analysis

Earnings Trend: ELCO's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: ELCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ELCO had negative earnings growth (-34%) over the past year, making it difficult to compare to the Software industry average (2.9%).

Return on Equity

High ROE: ELCO's Return on Equity (9.2%) is considered low.

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Financial Health

How is Eleco's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ELCO's short term assets (£15.8M) exceed its short term liabilities (£12.2M).

Long Term Liabilities: ELCO's short term assets (£15.8M) exceed its long term liabilities (£3.1M).

Debt to Equity History and Analysis

Debt Level: ELCO is debt free.

Reducing Debt: ELCO has no debt compared to 5 years ago when its debt to equity ratio was 28.4%.

Debt Coverage: ELCO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ELCO has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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What is Eleco current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ELCO's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: ELCO's dividend (0.88%) is low compared to the top 25% of dividend payers in the UK market (5.68%).

Stability and Growth of Payments

Stable Dividend: ELCO is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: ELCO is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

Earnings Coverage: ELCO is not paying a notable dividend for the UK market.

Cash Payout to Shareholders

Cash Flow Coverage: ELCO is not paying a notable dividend for the UK market.

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


Average management tenure


Jonathan Hunter (43 yo)





Mr. Jonathan Albert Hunter, BBus BMm, serves as Chief Executive Officer at Eleco Plc since February 2021 and is its Director since June 14, 2016. He served as an Interim Chief Executive Officer of Eleco pl...

CEO Compensation Analysis

Compensation vs Market: Jonathan's total compensation ($USD465.73K) is above average for companies of similar size in the UK market ($USD329.00K).

Compensation vs Earnings: Jonathan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Leadership Team

Experienced Management: ELCO's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Experienced Board: ELCO's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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

Top 25 shareholders own 77.39% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
John Henry Ketteley
9,359,957£6.4m0%no data
Allen Holding Inc., Asset Management Arm
John Lee
5,462,064£3.7m0%no data
Rights and Issues Investment Trust Public Limited Company
Herbert Allen
4,240,865£2.9m2.63%no data
Fuchs & Associes Finance SA
Tikvah Management LLC
Janus Henderson Group plc
3,153,443£2.2m5.57%no data
Charles Stanley & Co. Ltd, Asset Management Arm
J O Hambro Capital Management Limited
Schroder Investment Management Limited
2,217,325£1.5m-10.13%no data
J.M. Finn & Co. Ltd.
Fiske Plc, Asset Management Arm
Credit Suisse, Investment Banking and Securities Investments
1,493,957£1.0m0%no data
A J Bell Holdings Limited, Asset Management Arm
UniCredit S.p.A., Private and Commercial Banking Arm
Eleco plc, ESOP
907,849£619.2k0%no data
Discover Capital GmbH
Barclays Bank PLC, Wealth and Investment Management Division
Axxion S.A.
HSBC Global Asset Management (UK) Limited
700,460£477.7k-50.31%no data
HBOS Investment Fund Managers Limited
M. D. Barnard & Co. Ltd., Asset Management Arm
Bankinter SA, Asset Management Arm
Avanza Fonder AB

Company Information

Eleco Plc's employee growth, exchange listings and data sources

Key Information

  • Name: Eleco Plc
  • Ticker: ELCO
  • Exchange: AIM
  • Founded: 1895
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: UK£56.092m
  • Shares outstanding: 82.25m
  • Website:

Number of Employees


  • Eleco Plc
  • 6 Bevis Marks
  • London
  • Greater London
  • EC3A 7BA
  • United Kingdom


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELCOAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992
5H3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Annual Earnings2021/12/31

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.