Eltel
6.6
SEK
-1.49 %
ELTEL
NASDAQ Stockholm
Industrial Goods & Services
Industrials
Eltel is a provider of technical services for the energy and communications sector. The greatest focus is on the repair and development of transmission systems, infrastructure and networks. The business is run via most business segments on a global level. The largest operations are in the Nordic market. The company was formed in 2004 through a merger of Swedia Networks and Eltel Networks. The head office is located in Stockholm.
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Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Triton | 16.0 % | 16.4 % |
Wipunen varainhallinta Oy | 14.6 % | 14.9 % |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 938.0 | 812.6 | 823.6 | 850.2 | 828.9 | 843.8 | 877.3 | 902.9 |
growth-% | -13.8 % | -13.4 % | 1.4 % | 3.2 % | -2.5 % | 1.8 % | 4.0 % | 2.9 % |
EBITDA | 63.0 | 46.5 | 27.8 | 24.8 | 17.0 | 50.3 | 52.9 | 58.0 |
EBIT (adj.) | 11.4 | 14.8 | -1.9 | 1.7 | 10.1 | 20.3 | 25.3 | 29.7 |
EBIT | 24.8 | 14.5 | -2.0 | -5.3 | -16.8 | 20.3 | 25.3 | 29.7 |
Profit before taxes | 15.0 | 8.7 | -11.4 | -18.0 | -29.3 | 9.3 | 15.3 | 19.7 |
Net income | 4.7 | 4.3 | -15.0 | -8.0 | -31.5 | 5.4 | 11.8 | 15.3 |
EPS (adj.) | -0.06 | 0.03 | -0.10 | -0.02 | -0.05 | 0.01 | 0.06 | 0.10 |
growth-% | -424.4 % | 380.8 % | 50.6 % | |||||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Dividend ratio |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 6.7 % | 5.7 % | 3.4 % | 2.9 % | 2.0 % | 6.0 % | 6.0 % | 6.4 % |
EBIT-% (adj.) | 1.2 % | 1.8 % | -0.2 % | 0.2 % | 1.2 % | 2.4 % | 2.9 % | 3.3 % |
EBIT-% | 2.6 % | 1.8 % | -0.2 % | -0.6 % | -2.0 % | 2.4 % | 2.9 % | 3.3 % |
ROE | 2.2 % | 2.0 % | -7.1 % | -3.8 % | -15.9 % | 3.0 % | 6.7 % | 8.7 % |
ROI | 5.8 % | 3.9 % | -0.5 % | -1.4 % | -4.9 % | 5.9 % | 7.4 % | 8.8 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 2.24 | 1.53 | 0.74 | 0.55 | 0.57 | 0.57 | 0.57 | 0.57 |
Shares | 156.6 | 156.6 | 156.7 | 156.7 | 156.7 | 156.7 | 156.7 | 156.7 |
Market cap | 351.1 | 239.0 | 115.3 | 86.2 | 89.2 | 89.2 | 89.2 | 89.2 |
Enterprise value | 475.8 | 360.8 | 240.3 | 211.4 | 241.7 | 235.8 | 220.4 | 203.2 |
EV/S | 0.5 | 0.4 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 |
EV/EBITDA | 7.6 | 7.8 | 8.6 | 8.5 | 14.3 | 4.7 | 4.2 | 3.5 |
EV/EBIT (adj.) | 41.7 | 24.4 | - | 128.1 | 24.0 | 11.6 | 8.7 | 6.8 |
EV/EBIT | 19.2 | 24.9 | - | - | - | 11.6 | 8.7 | 6.8 |
P/E (adj.) | - | 52.1 | - | - | - | 42.1 | 8.8 | 5.8 |
P/E | 74.7 | 55.7 | - | - | - | 42.1 | 8.8 | 5.8 |
P/B | 1.7 | 1.1 | 0.6 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 |
P/S | 0.4 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividend yield | ||||||||
Equity ratio | 34.0 % | 38.3 % | 37.0 % | 39.6 % | 34.8 % | 35.0 % | 32.0 % | 34.3 % |
Gearing ratio | 56.8 % | 53.4 % | 59.2 % | 44.8 % | 67.6 % | 63.7 % | 74.5 % | 59.6 % |
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Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 240.3 | 850.2 | 176.3 | 216.0 | 210.2 | 226.5 | 828.9 | 170.0 | 213.7 |
EBITDA | 10.3 | 24.8 | -19.6 | 8.5 | 15.2 | 12.9 | 17.0 | 4.9 | 11.5 |
EBIT | 2.9 | -5.3 | -27.2 | 0.5 | 4.5 | 5.4 | -16.8 | -2.6 | 4.0 |
Profit before taxes | -0.8 | -18.0 | -30.2 | -2.3 | 0.8 | 2.4 | -29.3 | -5.5 | 1.2 |
Net income | 10.2 | -8.0 | -30.5 | -2.6 | -0.4 | 1.9 | -31.5 | -5.8 | 0.8 |
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Eltel Q3'24: Gradual improvement continued
Eltel Q3´24: Progress is evident but still lot of room for improvement
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