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ELTE

Eltel OM:ELTEL Stock Report

Last Price

kr7.96

Market Cap

kr1.2b

7D

1.5%

1Y

-64.5%

Updated

04 Jul, 2022

Data

Company Financials +
ELTEL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends0/6

ELTEL Stock Overview

Eltel AB (publ) provides technical services for the power and communication infrastructure networks in Sweden, Finland, Norway, Poland, Denmark, Germany, Lithuania, and internationally.

Eltel Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Eltel
Historical stock prices
Current Share Pricekr7.96
52 Week Highkr23.80
52 Week Lowkr7.60
Beta1
1 Month Change-0.50%
3 Month Change-35.02%
1 Year Change-64.54%
3 Year Change-63.82%
5 Year Change-72.83%
Change since IPO-89.10%

Recent News & Updates

Shareholder Returns

ELTELSE ConstructionSE Market
7D1.5%-0.2%-3.0%
1Y-64.5%-30.6%-24.9%

Return vs Industry: ELTEL underperformed the Swedish Construction industry which returned -30.5% over the past year.

Return vs Market: ELTEL underperformed the Swedish Market which returned -24.3% over the past year.

Price Volatility

Is ELTEL's price volatile compared to industry and market?
ELTEL volatility
ELTEL Average Weekly Movement6.3%
Construction Industry Average Movement6.3%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.5%
10% least volatile stocks in SE Market4.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
20015,023Casimir Lindholmhttps://www.eltelgroup.com

Eltel AB (publ) provides technical services for the power and communication infrastructure networks in Sweden, Finland, Norway, Poland, Denmark, Germany, Lithuania, and internationally. The company builds, maintains, and upgrades power transmission systems, as well as supplies power distribution services. It also designs, plans, builds, installs, upgrades, operates, and services mobile and fixed networks.

Eltel Fundamentals Summary

How do Eltel's earnings and revenue compare to its market cap?
ELTEL fundamental statistics
Market Cap€115.52m
Earnings (TTM)€2.50m
Revenue (TTM)€814.60m

46.2x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELTEL income statement (TTM)
Revenue€814.60m
Cost of Revenue€728.50m
Gross Profit€86.10m
Other Expenses€83.60m
Earnings€2.50m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 26, 2022

Earnings per share (EPS)0.016
Gross Margin10.57%
Net Profit Margin0.31%
Debt/Equity Ratio45.2%

How did ELTEL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ELTEL 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ELTEL 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/Revenue0.3x
Enterprise Value/EBITDA14x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

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

ELTEL PE Ratio vs Peers
The above table shows the PE ratio for ELTEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.8x
SRNKE B Serneke Group
2.9x-7.8%kr1.0b
NETEL Netel Holding
31.7x28.6%kr2.0b
TRAIN B Train Alliance Sweden
90.8xn/akr2.1b
BYGGP ByggPartner Gruppen
9.8xn/akr599.3m
ELTEL Eltel
46.2x61.8%kr1.2b

Price-To-Earnings vs Peers: ELTEL is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the peer average (33.8x).


Price to Earnings Ratio vs Industry

How does ELTEL's PE Ratio compare vs other companies in the European Construction Industry?

Price-To-Earnings vs Industry: ELTEL is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the Swedish Construction industry average (21.3x)


Price to Earnings Ratio vs Fair Ratio

What is ELTEL'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.

ELTEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.2x
Fair PE Ratio44.5x

Price-To-Earnings vs Fair Ratio: ELTEL is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the estimated Fair Price-To-Earnings Ratio (44.5x).


Share Price vs Fair Value

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

Below Fair Value: ELTEL (SEK7.96) is trading below our estimate of fair value (SEK20.59)

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


Price to Earnings Growth Ratio

PEG Ratio: ELTEL is good value based on its PEG Ratio (0.7x)


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


61.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELTEL's forecast earnings growth (61.8% per year) is above the savings rate (0.4%).

Earnings vs Market: ELTEL's earnings (61.8% per year) are forecast to grow faster than the Swedish market (9.6% per year).

High Growth Earnings: ELTEL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ELTEL's revenue (1.8% per year) is forecast to grow slower than the Swedish market (5.5% per year).

High Growth Revenue: ELTEL's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELTEL's Return on Equity is forecast to be low in 3 years time (5.7%).


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Past Performance

How has Eltel 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


78.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ELTEL has a large one-off gain of €2.9M impacting its March 31 2022 financial results.

Growing Profit Margin: ELTEL's current net profit margins (0.3%) are lower than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: ELTEL has become profitable over the past 5 years, growing earnings by 78.1% per year.

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

Earnings vs Industry: ELTEL had negative earnings growth (-64.3%) over the past year, making it difficult to compare to the Construction industry average (9.3%).


Return on Equity

High ROE: ELTEL's Return on Equity (1.4%) is considered low.


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Financial Health

How is Eltel's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ELTEL's short term assets (€222.6M) do not cover its short term liabilities (€286.9M).

Long Term Liabilities: ELTEL's short term assets (€222.6M) exceed its long term liabilities (€96.6M).


Debt to Equity History and Analysis

Debt Level: ELTEL's net debt to equity ratio (36%) is considered satisfactory.

Reducing Debt: ELTEL's debt to equity ratio has reduced from 165.5% to 45.2% over the past 5 years.

Debt Coverage: ELTEL's debt is well covered by operating cash flow (30.2%).

Interest Coverage: ELTEL's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.39%

Forecast Dividend Yield

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: ELTEL is not paying a notable dividend for the Swedish market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ELTEL has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.3yrs

Average management tenure


CEO

Casimir Lindholm (51 yo)

3.83yrs

Tenure

€1,107,000

Compensation

Mr. Casimir Lindholm, M.Sc. (Econ.), MBA, serves as Director at YIT Oyj, also known as YIT Corporation since March 17, 2022. Mr. Lindholm serves as the President and Chief Executive Officer at Eltel Group...


CEO Compensation Analysis

Compensation vs Market: Casimir's total compensation ($USD1.15M) is above average for companies of similar size in the Swedish market ($USD265.76K).

Compensation vs Earnings: Casimir's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ELTEL's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: ELTEL's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ELTEL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Eltel AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Eltel AB (publ)
  • Ticker: ELTEL
  • Exchange: OM
  • Founded: 2001
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: kr1.247b
  • Shares outstanding: 156.65m
  • Website: https://www.eltelgroup.com

Number of Employees


Location

  • Eltel AB (publ)
  • Adolfsbergsvägen 13
  • POB 126 23
  • Bromma
  • Stockholm County
  • 112 92
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2022/03/31
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.