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ELIM

Elektroimportøren OB:ELIMP Stock Report

Last Price

kr43.00

Market Cap

kr910.8m

7D

0%

1Y

-43.4%

Updated

04 Oct, 2022

Data

Company Financials +
ELIMP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends2/6

ELIMP Stock Overview

Elektroimportøren AS, together with its subsidiaries, sells electrical installation products to private and professional customers in Norway.

Elektroimportøren Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Elektroimportøren
Historical stock prices
Current Share Pricekr43.00
52 Week Highkr85.00
52 Week Lowkr40.00
Beta0
1 Month Change-14.00%
3 Month Change-8.71%
1 Year Change-43.42%
3 Year Changen/a
5 Year Changen/a
Change since IPO-26.50%

Recent News & Updates

Jun 24
Elektroimportøren AS (OB:ELIMP) May Have Run Too Fast Too Soon With Recent 28% Price Plummet

Elektroimportøren AS (OB:ELIMP) May Have Run Too Fast Too Soon With Recent 28% Price Plummet

Unfortunately for some shareholders, the Elektroimportøren AS ( OB:ELIMP ) share price has dived 28% in the last thirty...

May 12
We Think That There Are More Issues For Elektroimportøren (OB:ELIMP) Than Just Sluggish Earnings

We Think That There Are More Issues For Elektroimportøren (OB:ELIMP) Than Just Sluggish Earnings

The subdued market reaction suggests that Elektroimportøren AS' ( OB:ELIMP ) recent earnings didn't contain any...

Shareholder Returns

ELIMPNO Specialty RetailNO Market
7D0%-0.2%2.0%
1Y-43.4%-44.8%-3.5%

Return vs Industry: ELIMP exceeded the Norwegian Specialty Retail industry which returned -44.8% over the past year.

Return vs Market: ELIMP underperformed the Norwegian Market which returned -3.5% over the past year.

Price Volatility

Is ELIMP's price volatile compared to industry and market?
ELIMP volatility
ELIMP Average Weekly Movement6.5%
Specialty Retail Industry Average Movement5.5%
Market Average Movement6.8%
10% most volatile stocks in NO Market11.3%
10% least volatile stocks in NO Market3.8%

Stable Share Price: ELIMP is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ELIMP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994378Karl Andreas Nisshttps://www.elektroimportoren.no

Elektroimportøren AS, together with its subsidiaries, sells electrical installation products to private and professional customers in Norway. It offers electro materials; lighting products; and cables, as well as heating and ventilation products. The company sells products through department stores and e-commerce.

Elektroimportøren Fundamentals Summary

How do Elektroimportøren's earnings and revenue compare to its market cap?
ELIMP fundamental statistics
Market Capkr910.77m
Earnings (TTM)kr80.00m
Revenue (TTM)kr1.54b

11.6x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELIMP income statement (TTM)
Revenuekr1.54b
Cost of Revenuekr957.23m
Gross Profitkr587.21m
Other Expenseskr507.22m
Earningskr80.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 03, 2022

Earnings per share (EPS)3.71
Gross Margin38.02%
Net Profit Margin5.18%
Debt/Equity Ratio139.3%

How did ELIMP perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

73%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 ELIMP?

Other financial metrics that can be useful for relative valuation.

ELIMP 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/Revenue1.1x
Enterprise Value/EBITDA10.4x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

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

ELIMP PE Ratio vs Peers
The above table shows the PE ratio for ELIMP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.8x
GYL Gyldendal
29.1xn/akr1.2b
KID Kid
8.1x7.7%kr3.0b
KOMPL Komplett
22.7x100.7%kr1.8b
ALMRB Mr.Bricolage
3.2xn/a€87.0m
ELIMP Elektroimportøren
11.6x10.4%kr928.0m

Price-To-Earnings vs Peers: ELIMP is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (15.8x).


Price to Earnings Ratio vs Industry

How does ELIMP's PE Ratio compare vs other companies in the European Specialty Retail Industry?

Price-To-Earnings vs Industry: ELIMP is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the European Specialty Retail industry average (9x)


Price to Earnings Ratio vs Fair Ratio

What is ELIMP'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.

ELIMP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio11x

Price-To-Earnings vs Fair Ratio: ELIMP is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.1x).


Share Price vs Fair Value

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

Below Fair Value: ELIMP (NOK43) is trading below our estimate of fair value (NOK164.97)

Significantly Below Fair Value: ELIMP is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELIMP's forecast earnings growth (10.4% per year) is above the savings rate (1.1%).

Earnings vs Market: ELIMP's earnings (10.4% per year) are forecast to grow faster than the Norwegian market (-3% per year).

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

Revenue vs Market: ELIMP's revenue (12% per year) is forecast to grow faster than the Norwegian market (0.3% per year).

High Growth Revenue: ELIMP's revenue (12% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELIMP's Return on Equity is forecast to be high in 3 years time (24.2%)


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Past Performance

How has Elektroimportøren performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ELIMP has a high level of non-cash earnings.

Growing Profit Margin: ELIMP's current net profit margins (5.2%) are lower than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: ELIMP's earnings have grown significantly by 31.8% per year over the past 5 years.

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

Earnings vs Industry: ELIMP had negative earnings growth (-15.9%) over the past year, making it difficult to compare to the Specialty Retail industry average (19.2%).


Return on Equity

High ROE: Whilst ELIMP's Return on Equity (26.49%) is high, this metric is skewed due to their high level of debt.


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Financial Health

How is Elektroimportøren's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ELIMP's short term assets (NOK447.3M) exceed its short term liabilities (NOK346.5M).

Long Term Liabilities: ELIMP's short term assets (NOK447.3M) do not cover its long term liabilities (NOK679.1M).


Debt to Equity History and Analysis

Debt Level: ELIMP's net debt to equity ratio (131.4%) is considered high.

Reducing Debt: Insufficient data to determine if ELIMP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ELIMP's debt is not well covered by operating cash flow (13.9%).

Interest Coverage: ELIMP's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.47%

Current Dividend Yield

Dividend Yield vs Market

Elektroimportøren Dividend Yield vs Market
How does Elektroimportøren dividend yield compare to the market?
SegmentDividend Yield
Company (Elektroimportøren)6.5%
Market Bottom 25% (NO)3.7%
Market Top 25% (NO)7.7%
Industry Average (Specialty Retail)4.6%
Analyst forecast in 3 Years (Elektroimportøren)7.1%

Notable Dividend: ELIMP's dividend (6.47%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.72%).

High Dividend: ELIMP's dividend (6.47%) is low compared to the top 25% of dividend payers in the Norwegian market (7.69%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ELIMP's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ELIMP's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (73.4%), ELIMP's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: ELIMP is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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


CEO

Karl Andreas Niss

no data

Tenure

Karl Andreas Alexander Niss serves as Chief Executive Officer of Elektroimportøren AS.


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

What is the ownership structure of ELIMP?
Owner TypeNumber of SharesOwnership Percentage
Private Companies1,134,9375.3%
Individual Insiders1,232,1655.7%
VC/PE Firms4,150,00019.2%
Institutions7,401,32534.3%
General Public7,663,77335.5%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.


Top Shareholders

Top 23 shareholders own 64.49% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
19.23%
Herkules Capital AS
4,150,000NOK178.5m0%no data
9.12%
Aeternum Management AS
1,968,911NOK84.7m0%no data
4.85%
Skandinaviska Enskilda Banken AB, Private Banking, Investment Banking, and Insurance Arm
1,045,722NOK45.0m0%0.09%
3.44%
Eika Kapitalforvaltning
743,347NOK32.0m0%1.27%
3.43%
Morgan Stanley, Investment Banking and Brokerage Investments
740,059NOK31.8m0%no data
2.9%
Nordea Investment Management AB
626,892NOK27.0m0%no data
2.72%
Pareto Forvaltning AS
587,000NOK25.2m0%0.24%
2.53%
Karl Andreas Niss
545,075NOK23.4m0%no data
2.13%
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
460,775NOK19.8m0%no data
1.96%
VJ Invests AS
422,421NOK18.2m0%no data
1.68%
Vevlen GÅRd As
362,516NOK15.6m0%no data
1.62%
Nils Bjornstad
350,031NOK15.1m0%no data
1.62%
Aat Invest AS
350,000NOK15.1m0%no data
1.62%
Holberg Fondsforvaltning AS
350,000NOK15.1m0%1.25%
1.49%
Lazard Asset Management LLC
321,338NOK13.8m0%no data
1.49%
Storebrand Asset Management AS
321,325NOK13.8m0%0.01%
1.42%
Robert Iversen
305,696NOK13.1m0%no data
0.53%
Sissener AS
115,196NOK5.0m-80.94%0.21%
0.53%
Mandarine Gestion
115,000NOK4.9m210.81%0.02%
0.051%
Kjersti Helen Hobol
11,000NOK473.0k0%no data
0.048%
Ronny Blomseth
10,363NOK445.6k0%no data
0.046%
Amund Skarholt
10,000NOK430.0k0%no data
0.027%
Bessemer Investment Management LLC
5,760NOK247.7k-5.74%no data

Company Information

Elektroimportøren AS's employee growth, exchange listings and data sources


Key Information

  • Name: Elektroimportøren AS
  • Ticker: ELIMP
  • Exchange: OB
  • Founded: 1994
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Implied Market Cap: kr910.769m
  • Shares outstanding: 21.58m
  • Website: https://www.elektroimportoren.no

Number of Employees


Location

  • Elektroimportøren AS
  • Nedre Kalbakkvei 88b
  • Oslo
  • Oslo
  • 1081
  • Norway


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELIMPOB (Oslo Bors)YesShare CapitalNONOKDec 2020
9F9BST (Boerse-Stuttgart)YesShare CapitalDEEURDec 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
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.