ELIA GROUP SA/NV (ELI.BR) Fundamental Analysis & Valuation

EBR:ELI • BE0003822393

133.6 EUR
-0.8 (-0.6%)
Last: Mar 13, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This ELI.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

ELI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 27 industry peers in the Electric Utilities industry. There are concerns on the financial health of ELI while its profitability can be described as average. ELI is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

4

1. ELI.BR Profitability Analysis

1.1 Basic Checks

  • In the past year ELI was profitable.
  • In the past year ELI had a positive cash flow from operations.
  • Each year in the past 5 years ELI has been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: ELI reported negative operating cash flow in multiple years.
ELI.BR Yearly Net Income VS EBIT VS OCF VS FCFELI.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B

1.2 Ratios

  • ELI's Return On Assets of 1.76% is on the low side compared to the rest of the industry. ELI is outperformed by 85.19% of its industry peers.
  • ELI's Return On Equity of 6.51% is on the low side compared to the rest of the industry. ELI is outperformed by 81.48% of its industry peers.
  • ELI's Return On Invested Capital of 3.06% is on the low side compared to the rest of the industry. ELI is outperformed by 74.07% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ELI is below the industry average of 6.23%.
  • The last Return On Invested Capital (3.06%) for ELI is above the 3 year average (2.94%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.76%
ROE 6.51%
ROIC 3.06%
ROA(3y)1.67%
ROA(5y)1.64%
ROE(3y)6.79%
ROE(5y)6.49%
ROIC(3y)2.94%
ROIC(5y)2.96%
ELI.BR Yearly ROA, ROE, ROICELI.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • ELI has a better Profit Margin (12.26%) than 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of ELI has remained more or less at the same level.
  • ELI's Operating Margin of 25.74% is amongst the best of the industry. ELI outperforms 85.19% of its industry peers.
  • ELI's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 58.00%, ELI is in line with its industry, outperforming 55.56% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ELI has declined.
Industry RankSector Rank
OM 25.74%
PM (TTM) 12.26%
GM 58%
OM growth 3Y6.02%
OM growth 5Y-1.05%
PM growth 3Y1.12%
PM growth 5Y-0.28%
GM growth 3Y4.99%
GM growth 5Y-1.62%
ELI.BR Yearly Profit, Operating, Gross MarginsELI.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. ELI.BR Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ELI is destroying value.
  • Compared to 1 year ago, ELI has about the same amount of shares outstanding.
  • ELI has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ELI has a worse debt to assets ratio.
ELI.BR Yearly Shares OutstandingELI.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
ELI.BR Yearly Total Debt VS Total AssetsELI.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • ELI has an Altman-Z score of 0.90. This is a bad value and indicates that ELI is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.90, ELI is doing worse than 77.78% of the companies in the same industry.
  • A Debt/Equity ratio of 1.96 is on the high side and indicates that ELI has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.96, ELI is not doing good in the industry: 81.48% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF N/A
Altman-Z 0.9
ROIC/WACC0.61
WACC4.99%
ELI.BR Yearly LT Debt VS Equity VS FCFELI.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

2.3 Liquidity

  • ELI has a Current Ratio of 1.51. This is a normal value and indicates that ELI is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.51, ELI belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
  • ELI has a Quick Ratio of 1.43. This is a normal value and indicates that ELI is financially healthy and should not expect problems in meeting its short term obligations.
  • ELI's Quick ratio of 1.43 is amongst the best of the industry. ELI outperforms 85.19% of its industry peers.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 1.43
ELI.BR Yearly Current Assets VS Current LiabilitesELI.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. ELI.BR Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 31.68% over the past year.
  • The Earnings Per Share has been growing slightly by 6.91% on average over the past years.
  • The Revenue has grown by 17.50% in the past year. This is quite good.
  • Measured over the past years, ELI shows a quite strong growth in Revenue. The Revenue has been growing by 10.93% on average per year.
EPS 1Y (TTM)31.68%
EPS 3Y10.74%
EPS 5Y6.91%
EPS Q2Q%23.94%
Revenue 1Y (TTM)17.5%
Revenue growth 3Y13.87%
Revenue growth 5Y10.93%
Sales Q2Q%9.34%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.80% on average over the next years. This is quite good.
  • Based on estimates for the next years, ELI will show a quite strong growth in Revenue. The Revenue will grow by 15.74% on average per year.
EPS Next Y6.36%
EPS Next 2Y10.78%
EPS Next 3Y12.16%
EPS Next 5Y15.8%
Revenue Next Year17.78%
Revenue Next 2Y19.14%
Revenue Next 3Y19.49%
Revenue Next 5Y15.74%

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.
ELI.BR Yearly Revenue VS EstimatesELI.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
ELI.BR Yearly EPS VS EstimatesELI.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

More info and screens

Find the best growth stocksShow best growing peers

1

4. ELI.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 22.92 indicates a rather expensive valuation of ELI.
  • Based on the Price/Earnings ratio, ELI is valued expensively inside the industry as 81.48% of the companies are valued cheaper.
  • ELI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.71, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 22.13, ELI is valued on the expensive side.
  • ELI's Price/Forward Earnings ratio is rather expensive when compared to the industry. ELI is more expensive than 81.48% of the companies in the same industry.
  • ELI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.82.
Industry RankSector Rank
PE 22.92
Fwd PE 22.13
ELI.BR Price Earnings VS Forward Price EarningsELI.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ELI is valued a bit more expensive than the industry average as 77.78% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.95
ELI.BR Per share dataELI.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as ELI's earnings are expected to grow with 12.16% in the coming years.
PEG (NY)3.6
PEG (5Y)3.32
EPS Next 2Y10.78%
EPS Next 3Y12.16%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. ELI.BR Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.09%, ELI has a reasonable but not impressive dividend return.
  • With a Dividend Yield of 1.09, ELI pays less dividend than the industry average, which is at 2.94. 81.48% of the companies listed in the same industry pay a better dividend than ELI!
  • Compared to an average S&P500 Dividend Yield of 1.82, ELI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.09%

5.2 History

  • The dividend of ELI has a limited annual growth rate of 4.05%.
Dividend Growth(5Y)4.05%
Div Incr Years6
Div Non Decr Years6
ELI.BR Yearly Dividends per shareELI.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 25.37% of the earnings are spent on dividend by ELI. This is a low number and sustainable payout ratio.
  • ELI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP25.37%
EPS Next 2Y10.78%
EPS Next 3Y12.16%
ELI.BR Yearly Income VS Free CF VS DividendELI.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B
ELI.BR Dividend Payout.ELI.BR Dividend Payout, showing the Payout Ratio.ELI.BR Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

ELI.BR Fundamentals: All Metrics, Ratios and Statistics

ELIA GROUP SA/NV

EBR:ELI (3/13/2026, 5:36:15 PM)

133.6

-0.8 (-0.6%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)03-05
Earnings (Next)05-20
Inst Owners24.36%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap14.57B
Revenue(TTM)4.15B
Net Income(TTM)509.30M
Analysts83.16
Price Target130.63 (-2.22%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.09%
Yearly Dividend1.89
Dividend Growth(5Y)4.05%
DP25.37%
Div Incr Years6
Div Non Decr Years6
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)2.89%
PT rev (3m)11.02%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.84%
EPS NY rev (3m)1.05%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)0.33%
Valuation
Industry RankSector Rank
PE 22.92
Fwd PE 22.13
P/S 3.51
P/FCF N/A
P/OCF 11.01
P/B 1.86
P/tB 3.04
EV/EBITDA 14.95
EPS(TTM)5.83
EY4.36%
EPS(NY)6.04
Fwd EY4.52%
FCF(TTM)-29.26
FCFYN/A
OCF(TTM)12.14
OCFY9.09%
SpS38.07
BVpS71.74
TBVpS44.01
PEG (NY)3.6
PEG (5Y)3.32
Graham Number97.01
Profitability
Industry RankSector Rank
ROA 1.76%
ROE 6.51%
ROCE 4.33%
ROIC 3.06%
ROICexc 3.83%
ROICexgc 4.53%
OM 25.74%
PM (TTM) 12.26%
GM 58%
FCFM N/A
ROA(3y)1.67%
ROA(5y)1.64%
ROE(3y)6.79%
ROE(5y)6.49%
ROIC(3y)2.94%
ROIC(5y)2.96%
ROICexc(3y)3.56%
ROICexc(5y)3.54%
ROICexgc(3y)4.52%
ROICexgc(5y)4.55%
ROCE(3y)4.17%
ROCE(5y)4.19%
ROICexgc growth 3Y-6.4%
ROICexgc growth 5Y-9.25%
ROICexc growth 3Y-2.45%
ROICexc growth 5Y-6.12%
OM growth 3Y6.02%
OM growth 5Y-1.05%
PM growth 3Y1.12%
PM growth 5Y-0.28%
GM growth 3Y4.99%
GM growth 5Y-1.62%
F-Score6
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF N/A
Debt/EBITDA 8.88
Cap/Depr 683.43%
Cap/Sales 108.74%
Interest Coverage 3.18
Cash Conversion 76.55%
Profit Quality N/A
Current Ratio 1.51
Quick Ratio 1.43
Altman-Z 0.9
F-Score6
WACC4.99%
ROIC/WACC0.61
Cap/Depr(3y)492.24%
Cap/Depr(5y)397.61%
Cap/Sales(3y)75.93%
Cap/Sales(5y)64.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)31.68%
EPS 3Y10.74%
EPS 5Y6.91%
EPS Q2Q%23.94%
EPS Next Y6.36%
EPS Next 2Y10.78%
EPS Next 3Y12.16%
EPS Next 5Y15.8%
Revenue 1Y (TTM)17.5%
Revenue growth 3Y13.87%
Revenue growth 5Y10.93%
Sales Q2Q%9.34%
Revenue Next Year17.78%
Revenue Next 2Y19.14%
Revenue Next 3Y19.49%
Revenue Next 5Y15.74%
EBIT growth 1Y56.7%
EBIT growth 3Y20.72%
EBIT growth 5Y9.77%
EBIT Next Year128.15%
EBIT Next 3Y51.37%
EBIT Next 5Y37.81%
FCF growth 1Y-84.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2506.3%
OCF growth 3Y-37.96%
OCF growth 5Y67.65%

ELIA GROUP SA/NV / ELI.BR FAQ

Can you provide the ChartMill fundamental rating for ELIA GROUP SA/NV?

ChartMill assigns a fundamental rating of 4 / 10 to ELI.BR.


What is the valuation status of ELIA GROUP SA/NV (ELI.BR) stock?

ChartMill assigns a valuation rating of 1 / 10 to ELIA GROUP SA/NV (ELI.BR). This can be considered as Overvalued.


What is the profitability of ELI stock?

ELIA GROUP SA/NV (ELI.BR) has a profitability rating of 4 / 10.


What are the PE and PB ratios of ELIA GROUP SA/NV (ELI.BR) stock?

The Price/Earnings (PE) ratio for ELIA GROUP SA/NV (ELI.BR) is 22.92 and the Price/Book (PB) ratio is 1.86.


Can you provide the dividend sustainability for ELI stock?

The dividend rating of ELIA GROUP SA/NV (ELI.BR) is 4 / 10 and the dividend payout ratio is 25.37%.