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ELN

EL.EnBIT:ELN Stock Report

Market Cap

€1.4b

7D

7.1%

1Y

223.6%

Updated

21 Oct, 2021

Data

Company Financials +
ELN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance3/6
Financial Health5/6
Dividends3/6

ELN Overview

EL.En. S.p.A. engages in the research and development, manufacture, distribution, and sale of laser systems in Europe and internationally.

EL.En Competitors

Hologic

NasdaqGS:HOLX

US$18.7b

Bausch Health Companies

NYSE:BHC

US$10.3b

InMode

NasdaqGS:INMD

US$6.4b

Sisram Medical

SEHK:1696

HK$6.4b

Price History & Performance

Summary of all time highs, changes and price drops for EL.En
Historical stock prices
Current Share Price€17.88
52 Week High€4.36
52 Week Low€18.20
Beta2.09
1 Month Change20.16%
3 Month Change58.76%
1 Year Change223.62%
3 Year Change318.98%
5 Year Change240.57%
Change since IPO1,112.72%

Recent News & Updates

Oct 19
Is EL.En. S.p.A. (BIT:ELN) Worth €17.1 Based On Its Intrinsic Value?

Is EL.En. S.p.A. (BIT:ELN) Worth €17.1 Based On Its Intrinsic Value?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of EL.En. S.p.A...

Oct 06
Is Now The Time To Put EL.En (BIT:ELN) On Your Watchlist?

Is Now The Time To Put EL.En (BIT:ELN) On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Sep 23
Is EL.En (BIT:ELN) Using Too Much Debt?

Is EL.En (BIT:ELN) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Sep 10
Returns At EL.En (BIT:ELN) Appear To Be Weighed Down

Returns At EL.En (BIT:ELN) Appear To Be Weighed Down

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...

Shareholder Returns

ELNIT Medical EquipmentIT Market
7D7.1%3.0%1.7%
1Y223.6%28.0%37.4%

Return vs Industry: ELN exceeded the Italian Medical Equipment industry which returned 28% over the past year.

Return vs Market: ELN exceeded the Italian Market which returned 37.4% over the past year.

Price Volatility

Is ELN's price volatile compared to industry and market?
ELN volatility
ELN Beta2.09
Industry Beta0.60
Market Beta1

Stable Share Price: ELN is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ELN's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

FoundedEmployeesCEOWebsite
19811,810n/ahttps://www.elengroup.com

EL.En. S.p.A. engages in the research and development, manufacture, distribution, and sale of laser systems in Europe and internationally. The company offers medical laser equipment for use in the fields of physiotherapy, orthopedics, traumatology, rheumatology, dermatology, sports and rehabilitative medicines, surgery, aesthetics, and art; and laser sources and systems for cutting, welding, marking, and engraving on countless materials.

EL.En Fundamentals Summary

How do EL.En's earnings and revenue compare to its market cap?
ELN fundamental statistics
Market Cap€1.43b
Earnings (TTM)€36.30m
Revenue (TTM)€519.47m

39.3x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELN income statement (TTM)
Revenue€519.47m
Cost of Revenue€343.95m
Gross Profit€175.52m
Expenses€139.22m
Earnings€36.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 12, 2021

Earnings per share (EPS)0.46
Gross Margin33.79%
Net Profit Margin6.99%
Debt/Equity Ratio16.1%

How did ELN perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

22%

Payout Ratio

Valuation

Is EL.En undervalued compared to its fair value and its price relative to the market?

39.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ELN (€17.88) is trading above our estimate of fair value (€12.9)

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


Price To Earnings Ratio

PE vs Industry: ELN is poor value based on its PE Ratio (39.3x) compared to the European Medical Equipment industry average (38.9x).

PE vs Market: ELN is poor value based on its PE Ratio (39.3x) compared to the Italian market (19.6x).


Price to Earnings Growth Ratio

PEG Ratio: ELN is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: ELN is overvalued based on its PB Ratio (5.8x) compared to the XE Medical Equipment industry average (4.9x).


Future Growth

How is EL.En forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

12.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELN's forecast earnings growth (12.8% per year) is above the savings rate (1.8%).

Earnings vs Market: ELN's earnings (12.8% per year) are forecast to grow faster than the Italian market (11.6% per year).

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

Revenue vs Market: ELN's revenue (9.2% per year) is forecast to grow faster than the Italian market (2.1% per year).

High Growth Revenue: ELN's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELN's Return on Equity is forecast to be low in 3 years time (17.7%).


Past Performance

How has EL.En performed over the past 5 years?

-2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELN has high quality earnings.

Growing Profit Margin: ELN's current net profit margins (7%) are higher than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: ELN's earnings have declined by 2.2% per year over the past 5 years.

Accelerating Growth: ELN's earnings growth over the past year (63.6%) exceeds its 5-year average (-2.2% per year).

Earnings vs Industry: ELN earnings growth over the past year (63.6%) underperformed the Medical Equipment industry 63.6%.


Return on Equity

High ROE: ELN's Return on Equity (15.6%) is considered low.


Financial Health

How is EL.En's financial position?


Financial Position Analysis

Short Term Liabilities: ELN's short term assets (€438.8M) exceed its short term liabilities (€251.8M).

Long Term Liabilities: ELN's short term assets (€438.8M) exceed its long term liabilities (€51.6M).


Debt to Equity History and Analysis

Debt Level: ELN's debt to equity ratio (16.1%) is considered satisfactory.

Reducing Debt: ELN's debt to equity ratio has increased from 6.3% to 16.1% over the past 5 years.

Debt Coverage: ELN's debt is well covered by operating cash flow (198.5%).

Interest Coverage: ELN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is EL.En current dividend yield, its reliability and sustainability?

0.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ELN's dividend (0.56%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.01%).

High Dividend: ELN's dividend (0.56%) is low compared to the top 25% of dividend payers in the Italian market (3.48%).


Stability and Growth of Payments

Stable Dividend: ELN's dividend payments have been volatile in the past 10 years.

Growing Dividend: ELN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.8%), ELN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ELN's dividends in 3 years are forecast to be well covered by earnings (25.7% payout ratio).


Next Steps

Management

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

21.8yrs

Average board tenure


CEO

EL.En has no CEO, or we have no data on them.


Board Members

Experienced Board: ELN's board of directors are seasoned and experienced ( 21.8 years average tenure).


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

EL.En. S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: EL.En. S.p.A.
  • Ticker: ELN
  • Exchange: BIT
  • Founded: 1981
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Market Cap: €1.426b
  • Shares outstanding: 79.77m
  • Website: https://www.elengroup.com

Number of Employees


Location

  • EL.En. S.p.A.
  • Via Baldanzese 17
  • Calenzano
  • Florence
  • 50041
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 20:58
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
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.