| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 1/6 |
EL Stock Overview
Societatea Energetica Electrica S.A., together with its subsidiaries, distributes and supplies electricity in Romania.
Societatea Energetica Electrica Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | RON8.81 |
| 52 Week High | RON12.80 |
| 52 Week Low | RON8.14 |
| Beta | 0.33 |
| 1 Month Change | 2.68% |
| 3 Month Change | 1.26% |
| 1 Year Change | -29.29% |
| 3 Year Change | -21.69% |
| 5 Year Change | -32.65% |
| Change since IPO | -20.49% |
Recent News & Updates
Societatea Energetica Electrica's (BVB:EL) Dividend Is Being Reduced To RON0.45
Societatea Energetica Electrica S.A. ( BVB:EL ) has announced it will be reducing its dividend payable on the 17th of...
Societatea Energetica Electrica (BVB:EL) Will Pay A Smaller Dividend Than Last Year
Societatea Energetica Electrica S.A. ( BVB:EL ) has announced it will be reducing its dividend payable on the 17th of...
Shareholder Returns
| EL | RO Electric Utilities | RO Market | |
|---|---|---|---|
| 7D | 1.5% | 0.6% | 0.4% |
| 1Y | -29.3% | -3.7% | 7.1% |
Return vs Industry: EL underperformed the RO Electric Utilities industry which returned -3.7% over the past year.
Return vs Market: EL underperformed the RO Market which returned 7.1% over the past year.
Price Volatility
| EL volatility | |
|---|---|
| EL Average Weekly Movement | 3.2% |
| Electric Utilities Industry Average Movement | 5.1% |
| Market Average Movement | 3.8% |
| 10% most volatile stocks in RO Market | 6.4% |
| 10% least volatile stocks in RO Market | 2.6% |
Stable Share Price: EL is not significantly more volatile than the rest of RO stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: EL's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1898 | 7,990 | Chirita Alexandru-Aurelian | https://www.electrica.ro |
Societatea Energetica Electrica S.A., together with its subsidiaries, distributes and supplies electricity in Romania. It operates through Electricity and Natural Gas Supply, Electricity Distribution, Electricity Generation, and External Electricity Network Maintenance segments. The company provides electricity distribution services to electricity suppliers; supplies electricity to consumers in North Transylvania, South Transylvania, and North Muntenia; and supplies natural gas.
Societatea Energetica Electrica Fundamentals Summary
| EL fundamental statistics | |
|---|---|
| Market Cap | RON2.99b |
| Earnings (TTM) | -RON768.55m |
| Revenue (TTM) | RON8.06b |
0.4x
P/S Ratio-3.9x
P/E RatioIs EL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EL income statement (TTM) | |
|---|---|
| Revenue | RON8.06b |
| Cost of Revenue | RON8.04b |
| Gross Profit | RON18.54m |
| Other Expenses | RON787.09m |
| Earnings | -RON768.55m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 17, 2022
| Earnings per share (EPS) | -2.26 |
| Gross Margin | 0.23% |
| Net Profit Margin | -9.53% |
| Debt/Equity Ratio | 48.6% |
How did EL perform over the long term?
See historical performance and comparisonDividends
5.1%
Current Dividend Yield-20%
Payout RatioValuation
Is EL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 EL?
Other financial metrics that can be useful for relative valuation.
| What is EL's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | RON2.99b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.7x |
| Enterprise Value/EBITDA | -12.2x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does EL's PS Ratio compare to its peers?
| EL PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.9x | ||
TEL CNTEE Transelectrica | 0.4x | 2.1% | RON1.4b |
SNN S.N. Nuclearelectrica | 4.7x | 4.9% | RON14.8b |
ENDISPC1 Enel Distribución PerúA | 0.7x | n/a | S/2.6b |
600979 Sichuan Guangan AaapublicLtd | 1.9x | n/a | CN¥4.7b |
EL Societatea Energetica Electrica | 0.4x | 2.6% | RON3.0b |
Price-To-Sales vs Peers: EL is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.9x).
Price to Earnings Ratio vs Industry
How does EL's PE Ratio compare vs other companies in the European Electric Utilities Industry?
Price-To-Sales vs Industry: EL is expensive based on its Price-To-Sales Ratio (0.4x) compared to the European Electric Utilities industry average (0.4x)
Price to Sales Ratio vs Fair Ratio
What is EL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.4x |
| Fair PS Ratio | 0.4x |
Price-To-Sales vs Fair Ratio: EL is expensive based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).
Share Price vs Fair Value
What is the Fair Price of EL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: EL (RON8.81) is trading below our estimate of fair value (RON43.92)
Significantly Below Fair Value: EL 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: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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Future Growth
How is Societatea Energetica Electrica forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
70.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).
Earnings vs Market: EL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: EL is expected to become profitable in the next 3 years.
Revenue vs Market: EL's revenue (2.6% per year) is forecast to grow slower than the RO market (3.4% per year).
High Growth Revenue: EL's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EL's Return on Equity is forecast to be low in 3 years time (8.5%).
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Past Performance
How has Societatea Energetica Electrica performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-23.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EL is currently unprofitable.
Growing Profit Margin: EL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EL is unprofitable, and losses have increased over the past 5 years at a rate of 23.8% per year.
Accelerating Growth: Unable to compare EL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EL is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (5.8%).
Return on Equity
High ROE: EL has a negative Return on Equity (-16.03%), as it is currently unprofitable.
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Financial Health
How is Societatea Energetica Electrica's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: EL's short term assets (RON3.0B) do not cover its short term liabilities (RON3.7B).
Long Term Liabilities: EL's short term assets (RON3.0B) exceed its long term liabilities (RON608.1M).
Debt to Equity History and Analysis
Debt Level: EL's net debt to equity ratio (46.7%) is considered high.
Reducing Debt: EL's debt to equity ratio has increased from 8.6% to 48.6% over the past 5 years.
Debt Coverage: EL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if EL's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Dividend
What is Societatea Energetica Electrica current dividend yield, its reliability and sustainability?
Dividend Score
1/6Dividend Score 1/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
5.11%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EL's dividend (5.11%) is higher than the bottom 25% of dividend payers in the RO market (2.88%).
High Dividend: EL's dividend (5.11%) is low compared to the top 25% of dividend payers in the RO market (7.14%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, EL has been paying a dividend for less than 10 years.
Growing Dividend: EL has only been paying a dividend for 7 years, and since then payments have fallen.
Earnings Payout to Shareholders
Earnings Coverage: EL is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: EL is paying a dividend but the company has no free cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average board tenure
CEO
Chirita Alexandru-Aurelian
0.25
Tenure
Mr. Chirita Alexandru-Aurelian is Interim Chief Executive Officer of Societatea Energetica Electrica S.A. from May 17, 2022.
Board Members
Experienced Board: EL's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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
Societatea Energetica Electrica S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Societatea Energetica Electrica S.A.
- Ticker: EL
- Exchange: BVB
- Founded: 1898
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: RON2.991b
- Shares outstanding: 339.55m
- Website: https://www.electrica.ro
Number of Employees
Location
- Societatea Energetica Electrica S.A.
- No. 9, Grigore Alexandrescu Street
- District 1
- Bucharest
- Romania
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/15 00:00 |
| End of Day Share Price | 2022/08/12 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.