ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:ELMRA - NO0010815673 - Common Stock
39.9 NOK
+0.6 (+1.53%)
Overall ELMRA gets a fundamental rating of 4 out of 10. We evaluated ELMRA against 29 industry peers in the Electric Utilities industry. Both the profitability and the financial health of ELMRA get a neutral evaluation. Nothing too spectacular is happening here. ELMRA is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year ELMRA was profitable.
- In the past year ELMRA had a positive cash flow from operations.
- Each year in the past 5 years ELMRA has been profitable.
- In multiple years ELMRA reported negative operating cash flow during the last 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 6.00%, ELMRA belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
- ELMRA's Return On Equity of 23.90% is amongst the best of the industry. ELMRA outperforms 82.76% of its industry peers.
- With a decent Return On Invested Capital value of 8.76%, ELMRA is doing good in the industry, outperforming 75.86% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for ELMRA is in line with the industry average of 6.40%.
- The last Return On Invested Capital (8.76%) for ELMRA is above the 3 year average (7.64%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6% | ||
| ROE | 23.9% | ||
| ROIC | 8.76% |
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.57%
ROE(5y)15.75%
ROIC(3y)7.64%
ROIC(5y)10.35%
1.3 Margins
- ELMRA has a Profit Margin of 2.61%. This is in the lower half of the industry: ELMRA underperforms 79.31% of its industry peers.
- In the last couple of years the Profit Margin of ELMRA has declined.
- With a Operating Margin value of 3.24%, ELMRA is not doing good in the industry: 86.21% of the companies in the same industry are doing better.
- In the last couple of years the Operating Margin of ELMRA has declined.
- With a Gross Margin value of 14.95%, ELMRA is not doing good in the industry: 86.21% of the companies in the same industry are doing better.
- In the last couple of years the Gross Margin of ELMRA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.24% | ||
| PM (TTM) | 2.61% | ||
| GM | 14.95% |
OM growth 3Y7.92%
OM growth 5Y-12.47%
PM growth 3Y19.29%
PM growth 5Y-11.05%
GM growth 3Y8.43%
GM growth 5Y-2.66%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELMRA is destroying value.
- Compared to 1 year ago, ELMRA has more shares outstanding
- Compared to 5 years ago, ELMRA has more shares outstanding
- ELMRA has a worse debt/assets ratio than last year.
2.2 Solvency
- ELMRA has an Altman-Z score of 3.36. This indicates that ELMRA is financially healthy and has little risk of bankruptcy at the moment.
- ELMRA has a better Altman-Z score (3.36) than 96.55% of its industry peers.
- A Debt/Equity ratio of 1.17 is on the high side and indicates that ELMRA has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 1.17, ELMRA is in the better half of the industry, outperforming 65.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.36 |
ROIC/WACC0.91
WACC9.66%
2.3 Liquidity
- ELMRA has a Current Ratio of 1.05. This is a normal value and indicates that ELMRA is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 1.05, ELMRA is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
- ELMRA has a Quick Ratio of 1.04. This is a normal value and indicates that ELMRA is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.04, ELMRA is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 33.13% over the past year.
- Measured over the past years, ELMRA shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.54% on average per year.
- The Revenue for ELMRA has decreased by -18.29% in the past year. This is quite bad
- ELMRA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.42% yearly.
EPS 1Y (TTM)33.13%
EPS 3Y5.23%
EPS 5Y-1.54%
EPS Q2Q%23.66%
Revenue 1Y (TTM)-18.29%
Revenue growth 3Y-6.74%
Revenue growth 5Y11.42%
Sales Q2Q%38.56%
3.2 Future
- Based on estimates for the next years, ELMRA will show a decrease in Earnings Per Share. The EPS will decrease by -2.76% on average per year.
- The Revenue is expected to grow by 4.20% on average over the next years.
EPS Next Y-41%
EPS Next 2Y-7.25%
EPS Next 3Y-2.76%
EPS Next 5YN/A
Revenue Next Year2.61%
Revenue Next 2Y5.65%
Revenue Next 3Y4.2%
Revenue Next 5YN/A
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 decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 10.93, the valuation of ELMRA can be described as reasonable.
- ELMRA's Price/Earnings ratio is rather cheap when compared to the industry. ELMRA is cheaper than 93.10% of the companies in the same industry.
- When comparing the Price/Earnings ratio of ELMRA to the average of the S&P500 Index (28.82), we can say ELMRA is valued rather cheaply.
- ELMRA is valuated reasonably with a Price/Forward Earnings ratio of 11.85.
- 93.10% of the companies in the same industry are more expensive than ELMRA, based on the Price/Forward Earnings ratio.
- ELMRA is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.93 | ||
| Fwd PE | 11.85 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ELMRA is valued a bit cheaper than the industry average as 72.41% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.89 |
4.3 Compensation for Growth
- ELMRA's earnings are expected to decrease with -2.76% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.25%
EPS Next 3Y-2.76%
5. Dividend
5.1 Amount
- ELMRA has a Yearly Dividend Yield of 7.92%, which is a nice return.
- ELMRA's Dividend Yield is rather good when compared to the industry average which is at 3.10. ELMRA pays more dividend than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, ELMRA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.92% |
5.2 History
- The dividend of ELMRA has a limited annual growth rate of 0.91%.
Dividend Growth(5Y)0.91%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- ELMRA pays out 109.37% of its income as dividend. This is not a sustainable payout ratio.
- The Dividend Rate of ELMRA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP109.37%
EPS Next 2Y-7.25%
EPS Next 3Y-2.76%
ELMERA GROUP ASA / ELMRA.OL FAQ
What is the fundamental rating for ELMRA stock?
ChartMill assigns a fundamental rating of 4 / 10 to ELMRA.OL.
What is the valuation status for ELMRA stock?
ChartMill assigns a valuation rating of 5 / 10 to ELMERA GROUP ASA (ELMRA.OL). This can be considered as Fairly Valued.
What is the profitability of ELMRA stock?
ELMERA GROUP ASA (ELMRA.OL) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for ELMRA stock?
The Price/Earnings (PE) ratio for ELMERA GROUP ASA (ELMRA.OL) is 10.93 and the Price/Book (PB) ratio is 3.64.
What is the expected EPS growth for ELMERA GROUP ASA (ELMRA.OL) stock?
The Earnings per Share (EPS) of ELMERA GROUP ASA (ELMRA.OL) is expected to decline by -41% in the next year.