ELICA SPA (ELC.MI) Stock Fundamental Analysis
BIT:ELC - Euronext Milan - IT0003404214 - Common Stock - Currency: EUR
ELC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Household Durables industry. There are concerns on the financial health of ELC while its profitability can be described as average. ELC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
ELC had positive earnings in the past year.
ELC had a positive operating cash flow in the past year.
Of the past 5 years ELC 4 years were profitable.
Each year in the past 5 years ELC had a positive operating cash flow.
1.2 Ratios
ELC has a worse Return On Assets (1.96%) than 73.33% of its industry peers.
Looking at the Return On Equity, with a value of 5.89%, ELC is doing worse than 73.33% of the companies in the same industry.
With a Return On Invested Capital value of 1.97%, ELC is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for ELC is significantly below the industry average of 15.43%.
The last Return On Invested Capital (1.97%) for ELC is well below the 3 year average (6.62%), which needs to be investigated, but indicates that ELC had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.96% | ||
| ROE | 5.89% | ||
| ROIC | 1.97% |
ROA(3y)2.64%
ROA(5y)1.98%
ROE(3y)8.45%
ROE(5y)6.8%
ROIC(3y)6.62%
ROIC(5y)6.63%
1.3 Margins
ELC has a worse Profit Margin (1.74%) than 73.33% of its industry peers.
In the last couple of years the Profit Margin of ELC has grown nicely.
ELC has a Operating Margin of 1.22%. This is amonst the worse of the industry: ELC underperforms 86.67% of its industry peers.
In the last couple of years the Operating Margin of ELC has declined.
The Gross Margin of ELC (47.84%) is better than 63.33% of its industry peers.
In the last couple of years the Gross Margin of ELC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.22% | ||
| PM (TTM) | 1.74% | ||
| GM | 47.84% |
OM growth 3Y-39.38%
OM growth 5Y-20.48%
PM growth 3Y-8.05%
PM growth 5Y22.22%
GM growth 3Y0.46%
GM growth 5Y0.17%
2. Health
2.1 Basic Checks
ELC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for ELC has been reduced compared to 1 year ago.
Compared to 5 years ago, ELC has less shares outstanding
Compared to 1 year ago, ELC has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.83 indicates that ELC is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 1.83, ELC is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
The Debt to FCF ratio of ELC is 12.18, which is on the high side as it means it would take ELC, 12.18 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 12.18, ELC is in line with its industry, outperforming 43.33% of the companies in the same industry.
ELC has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
ELC has a Debt to Equity ratio of 0.34. This is comparable to the rest of the industry: ELC outperforms 56.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.18 | ||
| Altman-Z | 1.83 |
ROIC/WACC0.28
WACC6.95%
2.3 Liquidity
ELC has a Current Ratio of 0.95. This is a bad value and indicates that ELC is not financially healthy enough and could expect problems in meeting its short term obligations.
ELC has a worse Current ratio (0.95) than 86.67% of its industry peers.
ELC has a Quick Ratio of 0.95. This is a bad value and indicates that ELC is not financially healthy enough and could expect problems in meeting its short term obligations.
ELC's Quick ratio of 0.51 is on the low side compared to the rest of the industry. ELC is outperformed by 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
ELC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.61%.
The Earnings Per Share has been growing by 21.09% on average over the past years. This is a very strong growth
ELC shows a decrease in Revenue. In the last year, the revenue decreased by -4.46%.
ELC shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.19% yearly.
EPS 1Y (TTM)-18.61%
EPS 3Y-12.71%
EPS 5Y21.09%
EPS Q2Q%272.59%
Revenue 1Y (TTM)-4.46%
Revenue growth 3Y-5.83%
Revenue growth 5Y-1.19%
Sales Q2Q%-1.79%
3.2 Future
Based on estimates for the next years, ELC will show a very strong growth in Earnings Per Share. The EPS will grow by 49.40% on average per year.
The Revenue is expected to grow by 1.94% on average over the next years.
EPS Next Y-154.79%
EPS Next 2Y85.07%
EPS Next 3Y74.82%
EPS Next 5Y49.4%
Revenue Next Year1.51%
Revenue Next 2Y3.42%
Revenue Next 3Y2.72%
Revenue Next 5Y1.94%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.69, which indicates a very decent valuation of ELC.
Compared to the rest of the industry, the Price/Earnings ratio of ELC is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.79, ELC is valued rather cheaply.
ELC is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.69 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ELC is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ELC indicates a somewhat cheap valuation: ELC is cheaper than 70.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.99 | ||
| EV/EBITDA | 4.76 |
4.3 Compensation for Growth
A more expensive valuation may be justified as ELC's earnings are expected to grow with 74.82% in the coming years.
PEG (NY)N/A
PEG (5Y)0.46
EPS Next 2Y85.07%
EPS Next 3Y74.82%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.59%, ELC has a reasonable but not impressive dividend return.
The stock price of ELC dropped by -26.74% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 5.42, ELC has a dividend in line with its industry peers.
ELC's Dividend Yield is a higher than the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
5.2 History
On average, the dividend of ELC grows each year by 25.06%, which is quite nice.
Dividend Growth(5Y)25.06%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
48.06% of the earnings are spent on dividend by ELC. This is a bit on the high side, but may be sustainable.
The dividend of ELC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP48.06%
EPS Next 2Y85.07%
EPS Next 3Y74.82%
BIT:ELC (4/25/2025, 7:00:00 PM)
1.26
+0.01 (+0.8%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners8.95%
Inst Owner ChangeN/A
Ins Owners53.06%
Ins Owner ChangeN/A
Market Cap79.78M
Analysts48.89
Price Target1.79 (42.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
Yearly Dividend0.06
Dividend Growth(5Y)25.06%
DP48.06%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.95%
PT rev (3m)-7.89%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-121.85%
EPS NY rev (3m)-108.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.69 | ||
| Fwd PE | N/A | ||
| P/S | 0.18 | ||
| P/FCF | 9.99 | ||
| P/OCF | 3.17 | ||
| P/B | 0.6 | ||
| P/tB | 1.4 | ||
| EV/EBITDA | 4.76 |
EPS(TTM)0.13
EY10.32%
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)0.13
FCFY10.01%
OCF(TTM)0.4
OCFY31.5%
SpS7.14
BVpS2.11
TBVpS0.9
PEG (NY)N/A
PEG (5Y)0.46
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.96% | ||
| ROE | 5.89% | ||
| ROCE | 2.65% | ||
| ROIC | 1.97% | ||
| ROICexc | 2.45% | ||
| ROICexgc | 4.52% | ||
| OM | 1.22% | ||
| PM (TTM) | 1.74% | ||
| GM | 47.84% | ||
| FCFM | 1.77% |
ROA(3y)2.64%
ROA(5y)1.98%
ROE(3y)8.45%
ROE(5y)6.8%
ROIC(3y)6.62%
ROIC(5y)6.63%
ROICexc(3y)8.71%
ROICexc(5y)9.28%
ROICexgc(3y)15.84%
ROICexgc(5y)17.21%
ROCE(3y)8.89%
ROCE(5y)8.91%
ROICexcg growth 3Y-46.52%
ROICexcg growth 5Y-17.91%
ROICexc growth 3Y-44.27%
ROICexc growth 5Y-20.22%
OM growth 3Y-39.38%
OM growth 5Y-20.48%
PM growth 3Y-8.05%
PM growth 5Y22.22%
GM growth 3Y0.46%
GM growth 5Y0.17%
F-Score5
Asset Turnover1.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.18 | ||
| Debt/EBITDA | 1.61 | ||
| Cap/Depr | 74.53% | ||
| Cap/Sales | 3.79% | ||
| Interest Coverage | 0.85 | ||
| Cash Conversion | 88.19% | ||
| Profit Quality | 101.51% | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 1.83 |
F-Score5
WACC6.95%
ROIC/WACC0.28
Cap/Depr(3y)80.43%
Cap/Depr(5y)79.45%
Cap/Sales(3y)3.81%
Cap/Sales(5y)3.84%
Profit Quality(3y)108.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.61%
EPS 3Y-12.71%
EPS 5Y21.09%
EPS Q2Q%272.59%
EPS Next Y-154.79%
EPS Next 2Y85.07%
EPS Next 3Y74.82%
EPS Next 5Y49.4%
Revenue 1Y (TTM)-4.46%
Revenue growth 3Y-5.83%
Revenue growth 5Y-1.19%
Sales Q2Q%-1.79%
Revenue Next Year1.51%
Revenue Next 2Y3.42%
Revenue Next 3Y2.72%
Revenue Next 5Y1.94%
EBIT growth 1Y-75.19%
EBIT growth 3Y-42.91%
EBIT growth 5Y-21.43%
EBIT Next Year218.31%
EBIT Next 3Y65.35%
EBIT Next 5Y36.57%
FCF growth 1Y-24.19%
FCF growth 3Y-34.82%
FCF growth 5Y-7%
OCF growth 1Y-5.68%
OCF growth 3Y-21.78%
OCF growth 5Y-6.91%