Financials Elisa Oyj

Equities

ELISA

FI0009007884

Integrated Telecommunications Services

Market Closed - Nasdaq Helsinki 11:29:42 2024-04-26 am EDT 5-day change 1st Jan Change
42.78 EUR +0.38% Intraday chart for Elisa Oyj +0.09% +2.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,875 7,183 8,669 7,926 6,715 6,867 - -
Enterprise Value (EV) 1 9,059 8,390 9,888 9,202 8,020 8,194 8,218 8,235
P/E ratio 25.9 x 21.9 x 25.2 x 21.2 x 17.9 x 18 x 17.1 x 16.4 x
Yield 3.76% 4.35% 3.79% 4.14% 5.13% 5.46% 5.66% 5.84%
Capitalization / Revenue 4.27 x 3.79 x 4.34 x 3.72 x 3.08 x 3.1 x 3.01 x 2.93 x
EV / Revenue 4.91 x 4.43 x 4.95 x 4.32 x 3.68 x 3.7 x 3.6 x 3.51 x
EV / EBITDA 13.6 x 12.2 x 14 x 12.5 x 10.6 x 10.5 x 10.2 x 9.89 x
EV / FCF 28.1 x 25.1 x 29.4 x 28.7 x 23.4 x 22.1 x 20.8 x 20.1 x
FCF Yield 3.56% 3.98% 3.41% 3.49% 4.28% 4.51% 4.82% 4.99%
Price to Book 6.85 x 6.07 x 7.24 x 6.36 x 5.2 x 5.2 x 5.13 x 5.03 x
Nbr of stocks (in thousands) 159,898 160,083 160,187 160,260 160,388 160,523 - -
Reference price 2 49.25 44.87 54.12 49.46 41.87 42.78 42.78 42.78
Announcement Date 1/29/20 1/28/21 1/27/22 1/27/23 1/26/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,844 1,895 1,998 2,130 2,180 2,213 2,280 2,348
EBITDA 1 668 685 706 735 756 779.8 807.7 832.7
EBIT 1 402 409 439 472 487 504.5 529.4 551.9
Operating Margin 21.8% 21.58% 21.97% 22.16% 22.33% 22.8% 23.21% 23.51%
Earnings before Tax (EBT) 1 372 398 418 456 458 468.2 495.6 517.6
Net income 1 303 328 343.6 374.1 375.2 381.4 402.4 418.1
Net margin 16.43% 17.31% 17.2% 17.56% 17.21% 17.23% 17.64% 17.81%
EPS 2 1.900 2.050 2.150 2.330 2.340 2.374 2.503 2.611
Free Cash Flow 1 322.3 334 336.9 320.9 343.1 370 395.8 410.6
FCF margin 17.48% 17.63% 16.86% 15.07% 15.73% 16.72% 17.35% 17.49%
FCF Conversion (EBITDA) 48.25% 48.76% 47.72% 43.66% 45.38% 47.44% 49% 49.31%
FCF Conversion (Net income) 106.37% 101.83% 98.05% 85.78% 91.44% 97.01% 98.35% 98.19%
Dividend per Share 2 1.850 1.950 2.050 2.050 2.150 2.336 2.421 2.498
Announcement Date 1/29/20 1/28/21 1/27/22 1/27/23 1/26/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 536 511.4 521.5 534 563 540 533 544.7 563.3 534.5 538.4 554.2 578.2 - -
EBITDA 1 178 177.1 179 194 185 183 183 198.6 191 190 187.3 203.9 197.9 - -
EBIT 1 111 111.4 113 128 119 117 116 131.3 123 121.9 119.5 135.9 130.2 - -
Operating Margin 20.71% 21.78% 21.67% 23.97% 21.14% 21.67% 21.76% 24.11% 21.84% 22.81% 22.2% 24.52% 22.53% - -
Earnings before Tax (EBT) 1 105 108 108.4 124 115 112 110 125 111 104 111.6 127.4 122.6 - -
Net income 1 86 88.2 88.8 100.8 96 91.6 89.4 100.5 93.4 82.9 89.72 102.6 99.94 - -
Net margin 16.04% 17.25% 17.03% 18.88% 17.05% 16.96% 16.77% 18.45% 16.58% 15.51% 16.66% 18.52% 17.28% - -
EPS 2 0.5400 0.5500 0.5500 0.6300 0.6000 0.5700 0.5600 0.6300 0.5800 0.5200 0.5641 0.6318 0.6177 - -
Dividend per Share 2 2.050 - 2.050 - - - 2.150 - - - 1.125 - - - 2.350
Announcement Date 1/27/22 4/22/22 7/15/22 10/19/22 1/27/23 4/20/23 7/14/23 10/19/23 1/26/24 4/19/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,184 1,207 1,219 1,276 1,304 1,327 1,351 1,367
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.772 x 1.762 x 1.727 x 1.736 x 1.725 x 1.701 x 1.673 x 1.642 x
Free Cash Flow 1 322 334 337 321 343 370 396 411
ROE (net income / shareholders' equity) 26.6% 28.1% 28.8% 30.4% 29.4% 29.3% 30.3% 31.2%
ROA (Net income/ Total Assets) 11.1% 11.2% 11.3% 12.3% 12.1% 12.1% 13.1% 13.5%
Assets 1 2,742 2,928 3,035 3,051 3,113 3,152 3,077 3,103
Book Value Per Share 2 7.190 7.390 7.480 7.780 8.050 8.230 8.340 8.510
Cash Flow per Share 2 3.460 3.750 3.720 3.690 4.040 4.170 4.200 4.290
Capex 1 232 266 259 271 305 300 298 300
Capex / Sales 12.56% 14.04% 12.95% 12.72% 13.97% 13.58% 13.07% 12.79%
Announcement Date 1/29/20 1/28/21 1/27/22 1/27/23 1/26/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
42.78 EUR
Average target price
47.64 EUR
Spread / Average Target
+11.37%
Consensus