AMEX:ELLO

Stock Analysis Report

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Executive Summary

Ellomay Capital Ltd., together with its subsidiaries, produces and sells renewable and clean energy in Israel, Spain, and the Netherlands.


Snowflake Analysis

Acceptable track record and slightly overvalued.


Similar Companies

Share Price & News

How has Ellomay Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ELLO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.5%

ELLO

4.8%

US Renewable Energy

4.3%

US Market


1 Year Return

130.1%

ELLO

0.6%

US Renewable Energy

10.3%

US Market

Return vs Industry: ELLO exceeded the US Renewable Energy industry which returned -0.8% over the past year.

Return vs Market: ELLO exceeded the US Market which returned 9.7% over the past year.


Shareholder returns

ELLOIndustryMarket
7 Day0.5%4.8%4.3%
30 Day5.2%14.7%11.5%
90 Day23.1%-5.3%7.4%
1 Year130.1%130.1%3.8%0.6%12.7%10.3%
3 Year129.4%129.4%40.6%26.5%37.1%28.0%
5 Year151.8%150.0%13.1%-12.8%64.7%46.2%

Price Volatility Vs. Market

How volatile is Ellomay Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ellomay Capital undervalued compared to its fair value and its price relative to the market?

16.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ELLO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ELLO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ELLO is good value based on its PE Ratio (16.2x) compared to the Renewable Energy industry average (24.4x).

PE vs Market: ELLO is good value based on its PE Ratio (16.2x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ELLO is overvalued based on its PB Ratio (1.9x) compared to the US Renewable Energy industry average (1.8x).


Next Steps

Future Growth

How is Ellomay Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.5%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ellomay Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Ellomay Capital performed over the past 5 years?

-36.1%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: ELLO's current net profit margins (63.5%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: ELLO's earnings have declined by -36.1% per year over the past 5 years.

Accelerating Growth: ELLO's earnings growth over the past year (1041%) exceeds its 5-year average (-36.1% per year).

Earnings vs Industry: ELLO earnings growth over the past year (1041%) exceeded the Renewable Energy industry 20.6%.


Return on Equity

High ROE: ELLO's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is Ellomay Capital's financial position?


Financial Position Analysis

Short Term Liabilities: ELLO's short term assets (€83.1M) exceed its short term liabilities (€37.7M).

Long Term Liabilities: ELLO's short term assets (€83.1M) do not cover its long term liabilities (€164.9M).


Debt to Equity History and Analysis

Debt Level: ELLO's debt to equity ratio (160.4%) is considered high.

Reducing Debt: ELLO's debt to equity ratio has increased from 56.4% to 160.4% over the past 5 years.

Debt Coverage: ELLO's debt is not well covered by operating cash flow (2.2%).

Interest Coverage: Insufficient data to determine if ELLO's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Ellomay Capital's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ELLO'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 ELLO's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: ELLO is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

8.0yrs

Average management tenure


CEO

Ran Fridrich (66yo)

10.5yrs

Tenure

€93,000

Compensation

Mr. Ran Fridrich is a Principal at Oristan Ltd. Mr. Fridrich is a Partner of Kanir. He has been in investment advising since 2001. He has been Consultant of Capstone Investments, CDO Repackage Program sinc ...


Leadership Team

NamePositionTenureCompensationOwnership
Ran Fridrich
CEO & Director10.5yrs€93.00k0.96% 2.3m
Kalia Rubenbach
Chief Financial Officer11.42yrs€265.00kno data
Ori Rosenzweig
Chief Investment Officer5.58yrs€353.00kno data
Yehuda Saban
Director of Operations for Israel & EVP of Business Development1.17yrs€373.24kno data

8.0yrs

Average Tenure

41.5yo

Average Age

Experienced Management: ELLO's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ran Fridrich
CEO & Director10.5yrs€93.00k0.96% 2.3m
Michael Anghel
Independent Director1.42yrsno datano data
Menahem Raphael
Director14yrs€84.50k2.91% 7.1m
Mordechai Bignitz
Independent Director8.5yrsno datano data
Shlomo Nehama
Chairman12.25yrs€186.00k32.94% 80.3m
Anita Leviant
Director12.25yrsno datano data

12.3yrs

Average Tenure

66.5yo

Average Age

Experienced Board: ELLO's board of directors are seasoned and experienced ( 12.3 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 been diluted in the past year, with total shares outstanding growing by 14.2%.


Top Shareholders

Company Information

Ellomay Capital Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ellomay Capital Ltd.
  • Ticker: ELLO
  • Exchange: AMEX
  • Founded: 1987
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: US$243.882m
  • Shares outstanding: 12.19m
  • Website: https://www.ellomay.com

Number of Employees


Location

  • Ellomay Capital Ltd.
  • 18 Rothschild Boulevard
  • 1st Floor
  • Tel Aviv
  • 6688121
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELLOAMEX (NYSE MKT LLC)YesOrdinary SharesUSUSDOct 1995
ELLOTASE (The Tel-Aviv Stock Exchange)YesOrdinary SharesILILSOct 1995

Biography

Ellomay Capital Ltd., together with its subsidiaries, produces and sells renewable and clean energy in Israel, Spain, and the Netherlands. The company owns five photovoltaic (PV) plants comprising four PV plants in Spain with an aggregate installed capacity of approximately 7.9 MWp; and one PV plant in Israel with an installed capacity of approximately 9 MWp. It also operates a dual-fuel power plant with an installed capacity of approximately 860 MWp in the vicinity of Ashkelon, Israel; and engages in the construction of a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel. In addition, the company develops anaerobic digestion plants with a green gas production capacity of approximately 375 Nm3/h in Goor and 475 Nm3/h in Oude Tonge, the Netherlands. Further, it is involved in the construction of a PV plant with a peak capacity of 300 MW in the municipality of Talaván, Cáceres, Spain. The company was formerly known as NUR Macroprinters Ltd. and changed its name to Ellomay Capital Ltd. in April 2008. Ellomay Capital Ltd. was founded in 1987 and is based in Tel Aviv, Israel. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 03:58
End of Day Share Price2020/06/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.