ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:ELMRA - NO0010815673 - Common Stock
38.85 NOK
+0.95 (+2.51%)
Taking everything into account, ELMRA scores 4 out of 10 in our fundamental rating. ELMRA was compared to 26 industry peers in the Electric Utilities industry. ELMRA has an average financial health and profitability rating. ELMRA has a valuation in line with the averages, 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.
- In the past 5 years ELMRA has always been profitable.
- The reported operating cash flow has been mixed in the past 5 years: ELMRA reported negative operating cash flow in multiple years.
1.2 Ratios
- The Return On Assets of ELMRA (6.00%) is better than 84.62% of its industry peers.
- ELMRA has a Return On Equity of 23.90%. This is amongst the best in the industry. ELMRA outperforms 80.77% of its industry peers.
- ELMRA has a better Return On Invested Capital (8.76%) than 73.08% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for ELMRA is in line with the industry average of 6.56%.
- The 3 year average ROIC (7.64%) for ELMRA is below the current ROIC(8.76%), indicating increased profibility in the last year.
| 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
- With a Profit Margin value of 2.61%, ELMRA is not doing good in the industry: 80.77% of the companies in the same industry are doing better.
- ELMRA's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 3.24%, ELMRA is doing worse than 88.46% of the companies in the same industry.
- In the last couple of years the Operating Margin of ELMRA has declined.
- ELMRA has a worse Gross Margin (14.95%) than 88.46% of its industry peers.
- 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ELMRA is destroying value.
- The number of shares outstanding for ELMRA has been increased compared to 1 year ago.
- Compared to 5 years ago, ELMRA has more shares outstanding
- The debt/assets ratio for ELMRA is higher compared to a year ago.
2.2 Solvency
- ELMRA has an Altman-Z score of 3.33. This indicates that ELMRA is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of ELMRA (3.33) is better than 96.15% 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.
- ELMRA has a better Debt to Equity ratio (1.17) than 65.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.33 |
ROIC/WACC0.91
WACC9.67%
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.
- ELMRA's Current ratio of 1.05 is fine compared to the rest of the industry. ELMRA outperforms 69.23% of its industry peers.
- A Quick Ratio of 1.04 indicates that ELMRA should not have too much problems paying its short term obligations.
- With a decent Quick ratio value of 1.04, ELMRA is doing good in the industry, outperforming 76.92% 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
- ELMRA is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.57% yearly.
- ELMRA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.20% yearly.
EPS Next Y-40.67%
EPS Next 2Y-7.03%
EPS Next 3Y-2.57%
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
- A Price/Earnings ratio of 10.64 indicates a reasonable valuation of ELMRA.
- Based on the Price/Earnings ratio, ELMRA is valued cheaper than 96.15% of the companies in the same industry.
- ELMRA is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 11.48, the valuation of ELMRA can be described as very reasonable.
- 92.31% of the companies in the same industry are more expensive than ELMRA, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of ELMRA to the average of the S&P500 Index (24.26), we can say ELMRA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.64 | ||
| Fwd PE | 11.48 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELMRA indicates a somewhat cheap valuation: ELMRA is cheaper than 73.08% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.59 |
4.3 Compensation for Growth
- A cheap valuation may be justified as ELMRA's earnings are expected to decrease with -2.57% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.03%
EPS Next 3Y-2.57%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.92%, ELMRA is a good candidate for dividend investing.
- ELMRA's Dividend Yield is rather good when compared to the industry average which is at 3.03. ELMRA pays more dividend than 100.00% of the companies in the same industry.
- ELMRA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| 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
- 109.37% of the earnings are spent on dividend by ELMRA. This is not a sustainable payout ratio.
- ELMRA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP109.37%
EPS Next 2Y-7.03%
EPS Next 3Y-2.57%
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 10.64 and the Price/Book (PB) ratio is 3.55.
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 -40.67% in the next year.