BUSE:ELMU

Stock Analysis Report

Budapesti Elektromos Muvek Nyrt

Executive Summary

Budapesti Elektromos Muvek Nyrt., through its subsidiaries, distributes and trades in electricity to residential customers, small enterprises, and medium and large enterprises primarily in Hungary.

Snowflake

Fundamentals

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Budapesti Elektromos Muvek Nyrt's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.6%

ELMU

0.03%

HU Electric Utilities

0.7%

HU Market


1 Year Return

29.8%

ELMU

17.6%

HU Electric Utilities

10.4%

HU Market

Return vs Industry: ELMU exceeded the Hungarian Electric Utilities industry which returned 17.6% over the past year.

Return vs Market: ELMU exceeded the Hungarian Market which returned 10.4% over the past year.


Shareholder returns

ELMUIndustryMarket
7 Day-0.6%0.03%0.7%
30 Day11.8%-1.2%-0.04%
90 Day20.6%2.6%-1.5%
1 Year37.1%29.8%22.3%17.6%13.5%10.4%
3 Year62.0%36.3%56.4%36.3%50.9%38.5%
5 Year223.4%142.9%48.3%10.7%159.6%127.1%

Price Volatility Vs. Market

How volatile is Budapesti Elektromos Muvek Nyrt's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Budapesti Elektromos Muvek Nyrt undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ELMU (HUF34000) is trading below our estimate of fair value (HUF83382.15)

Significantly Undervalued: ELMU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ELMU is poor value based on its PE Ratio (15.2x) compared to the Electric Utilities industry average (11.8x).

PE vs Market: ELMU is poor value based on its PE Ratio (15.2x) compared to the Hungarian market (14.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate ELMU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ELMU is overvalued based on its PB Ratio (1.2x) compared to the XE Electric Utilities industry average (0.9x).


Next Steps

Future Growth

How is Budapesti Elektromos Muvek Nyrt forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELMU's forecast earnings growth (5.9% per year) is above the savings rate (3%).

Earnings vs Market: ELMU's earnings (5.9% per year) are forecast to grow slower than the Hungarian market (6.5% per year).

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

Revenue vs Market: Insufficient data to determine if ELMU's revenue is forecast to grow faster than the Hungarian market.

High Growth Revenue: Insufficient data to determine if ELMU's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if ELMU's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Budapesti Elektromos Muvek Nyrt performed over the past 5 years?

17.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ELMU has become profitable over the past 5 years, growing earnings by 17% per year.

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

Earnings vs Industry: ELMU had negative earnings growth (-14.2%) over the past year, making it difficult to compare to the Electric Utilities industry average (2.3%).


Return on Equity

High ROE: ELMU's Return on Equity (8%) is considered low.


Return on Assets

ROA vs Industry: ELMU has a higher Return on Assets than the Electric Utilities industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is Budapesti Elektromos Muvek Nyrt's financial position?


Financial Position Analysis

Short Term Liabilities: ELMU's short term assets (HUF52.6B) exceeds its short term liabilities (HUF44.1B)

Long Term Liabilities: ELMU's short term assets (52.6B) exceeds its long term liabilities (35.4B)


Debt to Equity History and Analysis

Debt Level: ELMU's debt to equity ratio (5.5%) is considered satisfactory

Reducing Debt: ELMU's debt to equity ratio has increased from 3.1% to 5.5% over the past 5 years.

Debt Coverage: ELMU's debt is well covered by operating cash flow (412.3%).

Interest Coverage: ELMU's interest payments on its debt are well covered by EBIT (56.2x coverage).


Balance Sheet

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

Debt Coverage by Assets: ELMU's debt is covered by short term assets (assets are 5.559720x debt).


Next Steps

Dividend

What is Budapesti Elektromos Muvek Nyrt's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%5.6%industryaverage4.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate ELMU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ELMU's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ELMU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ELMU's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ELMU is not paying a notable dividend for the Hungarian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ELMU's dividend in 3 years as they are not forecast to pay a notable one for the Hungarian market.


Next Steps

Management

What is the CEO of Budapesti Elektromos Muvek Nyrt's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average board tenure


CEO

Budapesti Elektromos Muvek Nyrt has no CEO, or we have no data on them.


Board Age and Tenure

3.2yrs

Average Tenure

58yo

Average Age

Experienced Board: ELMU's board of directors are considered experienced (3.2 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


    Board Members

    • Franz Retzer (47yo)

      Director

      • Tenure: 2yrs
    • Martin Konermann (58yo)

      Member of the Supervisory Board

      • Tenure: 11.5yrs
    • Szurominé Katalin

      Member of Supervisory Board

      • Tenure: 0yrs
    • Marie-Theres Thiell (60yo)

      Chairman of Board of Directors

      • Tenure: 0yrs
    • Koncz László

      Director

      • Tenure: 4.4yrs
    • Krisztina Horvath

      Director

      • Tenure: 2yrs
    • Lajos Németh

      Member of Supervisory Board

      • Tenure: 0yrs
    • Gábor Szörényi

      Member of Supervisory Board

      • Tenure: 0yrs
    • Marc Wolpensinger

      Member of Supervisory Board

      • Tenure: 0yrs
    • Karl Kraus

      Chair of the Supervisory Board

      • Tenure: 0yrs

    Company Information

    Budapesti Elektromos Muvek Nyrt.'s company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Budapesti Elektromos Muvek Nyrt.
    • Ticker: ELMU
    • Exchange: BUSE
    • Founded:
    • Industry: Electric Utilities
    • Sector: Utilities
    • Market Cap: Ft206.531b
    • Shares outstanding: 6.07m
    • Website: https://www.elmu.hu

    Number of Employees


    Location

    • Budapesti Elektromos Muvek Nyrt.
    • Váci út 72-74
    • Budapest
    • 1132
    • Hungary

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    ELUADB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 1999
    ELMUBUSE (Budapest Stock Exchange)YesOrdinary SharesHUHUFFeb 1999

    Biography

    Budapesti Elektromos Muvek Nyrt., through its subsidiaries, distributes and trades in electricity to residential customers, small enterprises, and medium and large enterprises primarily in Hungary. The com ...


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2019/10/19 20:39
    End of Day Share Price2019/10/17 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.