ELOPAK ASA (ELO.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:ELO • NO0011002586

49.6 NOK
+1.3 (+2.69%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

ELO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 10 industry peers in the Containers & Packaging industry. While ELO is still in line with the averages on profitability rating, there are concerns on its financial health. ELO is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year ELO was profitable.
  • ELO had a positive operating cash flow in the past year.
  • Each year in the past 5 years ELO has been profitable.
  • In the past 5 years ELO always reported a positive cash flow from operatings.
ELO.OL Yearly Net Income VS EBIT VS OCF VS FCFELO.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

1.2 Ratios

  • ELO's Return On Assets of 5.00% is in line compared to the rest of the industry. ELO outperforms 60.00% of its industry peers.
  • With an excellent Return On Equity value of 15.38%, ELO belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 10.23%, ELO belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ELO is in line with the industry average of 7.33%.
  • The last Return On Invested Capital (10.23%) for ELO is above the 3 year average (9.29%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5%
ROE 15.38%
ROIC 10.23%
ROA(3y)4.62%
ROA(5y)4.91%
ROE(3y)14.63%
ROE(5y)16.45%
ROIC(3y)9.29%
ROIC(5y)9.23%
ELO.OL Yearly ROA, ROE, ROICELO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • ELO's Profit Margin of 4.49% is on the low side compared to the rest of the industry. ELO is outperformed by 60.00% of its industry peers.
  • ELO's Profit Margin has improved in the last couple of years.
  • ELO has a Operating Margin (8.96%) which is in line with its industry peers.
  • ELO's Operating Margin has improved in the last couple of years.
  • ELO's Gross Margin of 38.38% is on the low side compared to the rest of the industry. ELO is outperformed by 60.00% of its industry peers.
  • In the last couple of years the Gross Margin of ELO has remained more or less at the same level.
Industry RankSector Rank
OM 8.96%
PM (TTM) 4.49%
GM 38.38%
OM growth 3Y14.36%
OM growth 5Y17.31%
PM growth 3Y10.04%
PM growth 5Y37.07%
GM growth 3Y0.61%
GM growth 5Y1.43%
ELO.OL Yearly Profit, Operating, Gross MarginsELO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ELO is creating some value.
  • The number of shares outstanding for ELO remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, ELO has about the same amount of shares outstanding.
  • Compared to 1 year ago, ELO has a worse debt to assets ratio.
ELO.OL Yearly Shares OutstandingELO.OL Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
ELO.OL Yearly Total Debt VS Total AssetsELO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 2.92 indicates that ELO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of ELO (2.92) is better than 80.00% of its industry peers.
  • The Debt to FCF ratio of ELO is 8.12, which is on the high side as it means it would take ELO, 8.12 years of fcf income to pay off all of its debts.
  • ELO has a better Debt to FCF ratio (8.12) than 70.00% of its industry peers.
  • ELO has a Debt/Equity ratio of 1.17. This is a high value indicating a heavy dependency on external financing.
  • ELO has a Debt to Equity ratio of 1.17. This is in the lower half of the industry: ELO underperforms 70.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF 8.12
Altman-Z 2.92
ROIC/WACC1.22
WACC8.41%
ELO.OL Yearly LT Debt VS Equity VS FCFELO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 1.46 indicates that ELO should not have too much problems paying its short term obligations.
  • ELO's Current ratio of 1.46 is on the low side compared to the rest of the industry. ELO is outperformed by 60.00% of its industry peers.
  • ELO has a Quick Ratio of 1.46. This is a bad value and indicates that ELO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ELO has a Quick ratio (0.86) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.46
Quick Ratio 0.86
ELO.OL Yearly Current Assets VS Current LiabilitesELO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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

4

3. Growth

3.1 Past

  • ELO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.00%.
  • The Earnings Per Share has been growing by 43.61% on average over the past years. This is a very strong growth
  • ELO shows a small growth in Revenue. In the last year, the Revenue has grown by 1.09%.
  • Measured over the past years, ELO shows a small growth in Revenue. The Revenue has been growing by 4.99% on average per year.
EPS 1Y (TTM)-24%
EPS 3Y24.53%
EPS 5Y43.61%
EPS Q2Q%16.67%
Revenue 1Y (TTM)1.09%
Revenue growth 3Y10.58%
Revenue growth 5Y4.99%
Sales Q2Q%-1.08%

3.2 Future

  • ELO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.76% yearly.
  • Based on estimates for the next years, ELO will show a small growth in Revenue. The Revenue will grow by 5.31% on average per year.
EPS Next Y1%
EPS Next 2Y16.67%
EPS Next 3Y18.09%
EPS Next 5Y11.76%
Revenue Next Year2.73%
Revenue Next 2Y5.81%
Revenue Next 3Y6.66%
Revenue Next 5Y5.31%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ELO.OL Yearly Revenue VS EstimatesELO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B
ELO.OL Yearly EPS VS EstimatesELO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.1 0.2 0.3 0.4

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4

4. Valuation

4.1 Price/Earnings Ratio

  • ELO is valuated rather expensively with a Price/Earnings ratio of 22.75.
  • 60.00% of the companies in the same industry are cheaper than ELO, based on the Price/Earnings ratio.
  • ELO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.92, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 13.81, the valuation of ELO can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ELO indicates a somewhat cheap valuation: ELO is cheaper than 70.00% of the companies listed in the same industry.
  • ELO is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.75
Fwd PE 13.81
ELO.OL Price Earnings VS Forward Price EarningsELO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELO is on the same level as its industry peers.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as ELO.
Industry RankSector Rank
P/FCF 20.92
EV/EBITDA 8.61
ELO.OL Per share dataELO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ELO does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of ELO may justify a higher PE ratio.
  • ELO's earnings are expected to grow with 18.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)22.75
PEG (5Y)0.52
EPS Next 2Y16.67%
EPS Next 3Y18.09%

More info and screens

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

3

5. Dividend

5.1 Amount

  • ELO has a Yearly Dividend Yield of 2.93%.
  • ELO's Dividend Yield is slightly below the industry average, which is at 3.19.
  • ELO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 2.93%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • ELO pays out 41.05% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP41.05%
EPS Next 2Y16.67%
EPS Next 3Y18.09%
ELO.OL Yearly Income VS Free CF VS DividendELO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M
ELO.OL Dividend Payout.ELO.OL Dividend Payout, showing the Payout Ratio.ELO.OL Dividend Payout.PayoutRetained Earnings

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ELOPAK ASA

OSL:ELO (2/6/2026, 7:00:00 PM)

49.6

+1.3 (+2.69%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)10-28
Earnings (Next)02-10
Inst Owners82.84%
Inst Owner ChangeN/A
Ins Owners0.64%
Ins Owner ChangeN/A
Market Cap13.35B
Revenue(TTM)1.17B
Net Income(TTM)52.71M
Analysts77.5
Price Target55.85 (12.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.93%
Yearly Dividend1.46
Dividend Growth(5Y)N/A
DP41.05%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.74%
Min EPS beat(2)-50.49%
Max EPS beat(2)-0.99%
EPS beat(4)0
Avg EPS beat(4)-27.65%
Min EPS beat(4)-50.49%
Max EPS beat(4)-0.99%
EPS beat(8)1
Avg EPS beat(8)-16.27%
EPS beat(12)4
Avg EPS beat(12)-6.6%
EPS beat(16)6
Avg EPS beat(16)-12.72%
Revenue beat(2)0
Avg Revenue beat(2)-5.94%
Min Revenue beat(2)-6.32%
Max Revenue beat(2)-5.56%
Revenue beat(4)1
Avg Revenue beat(4)-3.1%
Min Revenue beat(4)-6.32%
Max Revenue beat(4)1.29%
Revenue beat(8)2
Avg Revenue beat(8)-2.17%
Revenue beat(12)3
Avg Revenue beat(12)-1.91%
Revenue beat(16)5
Avg Revenue beat(16)-1.45%
PT rev (1m)2.15%
PT rev (3m)6.26%
EPS NQ rev (1m)9.09%
EPS NQ rev (3m)-7.69%
EPS NY rev (1m)1.1%
EPS NY rev (3m)-4.17%
Revenue NQ rev (1m)-2.09%
Revenue NQ rev (3m)-2.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.75%
Valuation
Industry RankSector Rank
PE 22.75
Fwd PE 13.81
P/S 0.99
P/FCF 20.92
P/OCF 7.54
P/B 3.4
P/tB 6.12
EV/EBITDA 8.61
EPS(TTM)2.18
EY4.4%
EPS(NY)3.59
Fwd EY7.24%
FCF(TTM)2.37
FCFY4.78%
OCF(TTM)6.57
OCFY13.25%
SpS50
BVpS14.6
TBVpS8.11
PEG (NY)22.75
PEG (5Y)0.52
Graham Number26.76
Profitability
Industry RankSector Rank
ROA 5%
ROE 15.38%
ROCE 14.31%
ROIC 10.23%
ROICexc 10.77%
ROICexgc 13.58%
OM 8.96%
PM (TTM) 4.49%
GM 38.38%
FCFM 4.74%
ROA(3y)4.62%
ROA(5y)4.91%
ROE(3y)14.63%
ROE(5y)16.45%
ROIC(3y)9.29%
ROIC(5y)9.23%
ROICexc(3y)9.59%
ROICexc(5y)9.52%
ROICexgc(3y)12.85%
ROICexgc(5y)12.59%
ROCE(3y)12.55%
ROCE(5y)12.37%
ROICexgc growth 3Y10.75%
ROICexgc growth 5Y13.62%
ROICexc growth 3Y10.82%
ROICexc growth 5Y13.86%
OM growth 3Y14.36%
OM growth 5Y17.31%
PM growth 3Y10.04%
PM growth 5Y37.07%
GM growth 3Y0.61%
GM growth 5Y1.43%
F-Score6
Asset Turnover1.11
Health
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF 8.12
Debt/EBITDA 2.29
Cap/Depr 141.43%
Cap/Sales 8.41%
Interest Coverage 5.87
Cash Conversion 88.25%
Profit Quality 105.55%
Current Ratio 1.46
Quick Ratio 0.86
Altman-Z 2.92
F-Score6
WACC8.41%
ROIC/WACC1.22
Cap/Depr(3y)95.63%
Cap/Depr(5y)89.83%
Cap/Sales(3y)5.77%
Cap/Sales(5y)5.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-24%
EPS 3Y24.53%
EPS 5Y43.61%
EPS Q2Q%16.67%
EPS Next Y1%
EPS Next 2Y16.67%
EPS Next 3Y18.09%
EPS Next 5Y11.76%
Revenue 1Y (TTM)1.09%
Revenue growth 3Y10.58%
Revenue growth 5Y4.99%
Sales Q2Q%-1.08%
Revenue Next Year2.73%
Revenue Next 2Y5.81%
Revenue Next 3Y6.66%
Revenue Next 5Y5.31%
EBIT growth 1Y1.21%
EBIT growth 3Y26.46%
EBIT growth 5Y23.16%
EBIT Next Year63.58%
EBIT Next 3Y27.01%
EBIT Next 5Y17.04%
FCF growth 1Y-24.24%
FCF growth 3Y-4.86%
FCF growth 5Y-8.94%
OCF growth 1Y43.65%
OCF growth 3Y24.11%
OCF growth 5Y6.56%

ELOPAK ASA / ELO.OL FAQ

What is the fundamental rating for ELO stock?

ChartMill assigns a fundamental rating of 4 / 10 to ELO.OL.


Can you provide the valuation status for ELOPAK ASA?

ChartMill assigns a valuation rating of 4 / 10 to ELOPAK ASA (ELO.OL). This can be considered as Fairly Valued.


How profitable is ELOPAK ASA (ELO.OL) stock?

ELOPAK ASA (ELO.OL) has a profitability rating of 6 / 10.


Can you provide the financial health for ELO stock?

The financial health rating of ELOPAK ASA (ELO.OL) is 3 / 10.


Is the dividend of ELOPAK ASA sustainable?

The dividend rating of ELOPAK ASA (ELO.OL) is 3 / 10 and the dividend payout ratio is 41.05%.