ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis
OSL:ELMRA - Euronext Oslo - NO0010815673 - Common Stock - Currency: NOK
ELMRA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 15 industry peers in the Electric Utilities industry. ELMRA has only an average score on both its financial health and profitability. ELMRA is not valued too expensively and it also shows a decent growth rate. ELMRA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ELMRA was profitable.
ELMRA had a negative operating cash flow in the past year.
Each year in the past 5 years ELMRA has 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
ELMRA's Return On Assets of 5.87% is fine compared to the rest of the industry. ELMRA outperforms 68.75% of its industry peers.
Looking at the Return On Equity, with a value of 23.65%, ELMRA is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
With an excellent Return On Invested Capital value of 10.20%, ELMRA belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ELMRA is in line with the industry average of 8.70%.
The last Return On Invested Capital (10.20%) for ELMRA is above the 3 year average (7.61%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.87% | ||
| ROE | 23.65% | ||
| ROIC | 10.2% |
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.46%
ROE(5y)15.68%
ROIC(3y)7.61%
ROIC(5y)10.34%
1.3 Margins
Looking at the Profit Margin, with a value of 2.89%, ELMRA is doing worse than 68.75% of the companies in the same industry.
In the last couple of years the Profit Margin of ELMRA has declined.
ELMRA has a worse Operating Margin (3.48%) than 75.00% of its industry peers.
In the last couple of years the Operating Margin of ELMRA has declined.
ELMRA's Gross Margin of 14.53% is on the low side compared to the rest of the industry. ELMRA is outperformed by 81.25% of its industry peers.
ELMRA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.48% | ||
| PM (TTM) | 2.89% | ||
| GM | 14.53% |
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) just above the Cost of Capital (WACC), ELMRA is creating some value.
Compared to 1 year ago, ELMRA has more shares outstanding
ELMRA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ELMRA has a worse debt to assets ratio.
2.2 Solvency
ELMRA has an Altman-Z score of 2.91. This is not the best score and indicates that ELMRA is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.91, ELMRA belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
ELMRA has a Debt/Equity ratio of 0.67. This is a neutral value indicating ELMRA is somewhat dependend on debt financing.
ELMRA has a Debt to Equity ratio of 0.67. This is amongst the best in the industry. ELMRA outperforms 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.91 |
ROIC/WACC1.04
WACC9.84%
2.3 Liquidity
A Current Ratio of 1.11 indicates that ELMRA should not have too much problems paying its short term obligations.
ELMRA has a better Current ratio (1.11) than 75.00% of its industry peers.
ELMRA has a Quick Ratio of 1.10. 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 Quick ratio of 1.10 is fine compared to the rest of the industry. ELMRA outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 83.56% over the past year.
ELMRA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.54% yearly.
ELMRA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -35.36%.
Measured over the past years, ELMRA shows a quite strong growth in Revenue. The Revenue has been growing by 11.42% on average per year.
EPS 1Y (TTM)83.56%
EPS 3Y13.03%
EPS 5Y-1.54%
EPS Q2Q%132.97%
Revenue 1Y (TTM)-35.36%
Revenue growth 3Y-6.74%
Revenue growth 5Y11.42%
Sales Q2Q%-35.05%
3.2 Future
ELMRA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.15% yearly.
ELMRA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.06% yearly.
EPS Next Y9.75%
EPS Next 2Y6.86%
EPS Next 3Y7.15%
EPS Next 5YN/A
Revenue Next Year1.26%
Revenue Next 2Y4.05%
Revenue Next 3Y4.06%
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 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
ELMRA is valuated reasonably with a Price/Earnings ratio of 9.68.
Based on the Price/Earnings ratio, ELMRA is valued cheaply inside the industry as 87.50% of the companies are valued more expensively.
ELMRA is valuated cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
ELMRA is valuated reasonably with a Price/Forward Earnings ratio of 9.52.
Based on the Price/Forward Earnings ratio, ELMRA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
ELMRA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.68 | ||
| Fwd PE | 9.52 |
4.2 Price Multiples
62.50% of the companies in the same industry are more expensive than ELMRA, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.06 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.99
PEG (5Y)N/A
EPS Next 2Y6.86%
EPS Next 3Y7.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.35%, ELMRA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.71, ELMRA pays a better dividend. On top of this ELMRA pays more dividend than 93.75% of the companies listed in the same industry.
ELMRA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.35% |
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
70.81% of the earnings are spent on dividend by ELMRA. This is not a sustainable payout ratio.
ELMRA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP70.81%
EPS Next 2Y6.86%
EPS Next 3Y7.15%
OSL:ELMRA (3/7/2025, 7:00:00 PM)
31.45
+0.15 (+0.48%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners39.52%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap3.60B
Analysts76.67
Price Target36.38 (15.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.35% |
Yearly Dividend2.3
Dividend Growth(5Y)0.91%
DP70.81%
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)1
Avg Revenue beat(2)0.23%
Min Revenue beat(2)-34.12%
Max Revenue beat(2)34.58%
Revenue beat(4)1
Avg Revenue beat(4)-5.1%
Min Revenue beat(4)-34.12%
Max Revenue beat(4)34.58%
Revenue beat(8)3
Avg Revenue beat(8)0.51%
Revenue beat(12)6
Avg Revenue beat(12)18.51%
Revenue beat(16)9
Avg Revenue beat(16)15.63%
PT rev (1m)-0.93%
PT rev (3m)-0.93%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)3.58%
EPS NY rev (3m)18.36%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)25.23%
Revenue NY rev (3m)-14.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.68 | ||
| Fwd PE | 9.52 | ||
| P/S | 0.29 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.06 |
EPS(TTM)3.25
EY10.33%
EPS(NY)3.3
Fwd EY10.5%
FCF(TTM)-0.62
FCFYN/A
OCF(TTM)-0.02
OCFYN/A
SpS106.95
BVpS13.09
TBVpS-2.77
PEG (NY)0.99
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.87% | ||
| ROE | 23.65% | ||
| ROCE | 13.15% | ||
| ROIC | 10.2% | ||
| ROICexc | 10.65% | ||
| ROICexgc | 23.66% | ||
| OM | 3.48% | ||
| PM (TTM) | 2.89% | ||
| GM | 14.53% | ||
| FCFM | N/A |
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.46%
ROE(5y)15.68%
ROIC(3y)7.61%
ROIC(5y)10.34%
ROICexc(3y)8.05%
ROICexc(5y)11.66%
ROICexgc(3y)17.11%
ROICexgc(5y)58.34%
ROCE(3y)10.21%
ROCE(5y)13.16%
ROICexcg growth 3Y-13.73%
ROICexcg growth 5Y-36.81%
ROICexc growth 3Y-1.95%
ROICexc growth 5Y-32.74%
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%
F-Score4
Asset Turnover2.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.66 | ||
| Cap/Depr | 37.94% | ||
| Cap/Sales | 0.56% | ||
| Interest Coverage | 2.42 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 2.91 |
F-Score4
WACC9.84%
ROIC/WACC1.04
Cap/Depr(3y)29.02%
Cap/Depr(5y)31.32%
Cap/Sales(3y)0.34%
Cap/Sales(5y)0.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)83.56%
EPS 3Y13.03%
EPS 5Y-1.54%
EPS Q2Q%132.97%
EPS Next Y9.75%
EPS Next 2Y6.86%
EPS Next 3Y7.15%
EPS Next 5YN/A
Revenue 1Y (TTM)-35.36%
Revenue growth 3Y-6.74%
Revenue growth 5Y11.42%
Sales Q2Q%-35.05%
Revenue Next Year1.26%
Revenue Next 2Y4.05%
Revenue Next 3Y4.06%
Revenue Next 5YN/A
EBIT growth 1Y23.54%
EBIT growth 3Y0.65%
EBIT growth 5Y-2.48%
EBIT Next Year52.18%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-107.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-100.26%
OCF growth 3YN/A
OCF growth 5YN/A