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ELSA SOLUTIONS SPA (ELSA.MI) Stock Fundamental Analysis

BIT:ELSA - Euronext Milan - IT0005561466 - Common Stock - Currency: EUR

1.99  -0.05 (-2.45%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ELSA. ELSA was compared to 59 industry peers in the Electrical Equipment industry. While ELSA is still in line with the averages on profitability rating, there are concerns on its financial health. ELSA is valued quite cheap, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year ELSA was profitable.
ELSA had a positive operating cash flow in the past year.
ELSA.MI Yearly Net Income VS EBIT VS OCF VS FCFELSA.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 0 1M -1M 2M -2M -3M

1.2 Ratios

ELSA has a Return On Assets of 5.23%. This is in the better half of the industry: ELSA outperforms 80.00% of its industry peers.
ELSA has a better Return On Equity (13.38%) than 75.00% of its industry peers.
ELSA's Return On Invested Capital of 9.42% is fine compared to the rest of the industry. ELSA outperforms 80.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ELSA is in line with the industry average of 8.25%.
The last Return On Invested Capital (9.42%) for ELSA is above the 3 year average (7.01%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.23%
ROE 13.38%
ROIC 9.42%
ROA(3y)4.11%
ROA(5y)N/A
ROE(3y)14.65%
ROE(5y)N/A
ROIC(3y)7.01%
ROIC(5y)N/A
ELSA.MI Yearly ROA, ROE, ROICELSA.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 5 10 15

1.3 Margins

Looking at the Profit Margin, with a value of 6.67%, ELSA belongs to the top of the industry, outperforming 88.33% of the companies in the same industry.
The Operating Margin of ELSA (11.01%) is better than 86.67% of its industry peers.
ELSA's Gross Margin of 24.86% is on the low side compared to the rest of the industry. ELSA is outperformed by 61.67% of its industry peers.
Industry RankSector Rank
OM 11.01%
PM (TTM) 6.67%
GM 24.86%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ELSA.MI Yearly Profit, Operating, Gross MarginsELSA.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 5 10 15 20

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3

2. Health

2.1 Basic Checks

ELSA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ELSA has about the same amount of shares outstanding.
Compared to 1 year ago, ELSA has an improved debt to assets ratio.
ELSA.MI Yearly Shares OutstandingELSA.MI Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 1M 2M 3M
ELSA.MI Yearly Total Debt VS Total AssetsELSA.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 5M 10M 15M 20M

2.2 Solvency

ELSA has an Altman-Z score of 2.11. This is not the best score and indicates that ELSA is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of ELSA (2.11) is better than 68.33% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that ELSA is somewhat dependend on debt financing.
ELSA has a Debt to Equity ratio (0.58) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF N/A
Altman-Z 2.11
ROIC/WACC1.47
WACC6.41%
ELSA.MI Yearly LT Debt VS Equity VS FCFELSA.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 0 2M -2M 4M 6M 8M

2.3 Liquidity

A Current Ratio of 1.47 indicates that ELSA should not have too much problems paying its short term obligations.
ELSA has a Current ratio (1.47) which is comparable to the rest of the industry.
A Quick Ratio of 0.78 indicates that ELSA may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.78, ELSA is doing worse than 63.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.47
Quick Ratio 0.78
ELSA.MI Yearly Current Assets VS Current LiabilitesELSA.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 5M 10M 15M

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3

3. Growth

3.1 Past

ELSA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.89%, which is quite impressive.
The Revenue has grown by 13.28% in the past year. This is quite good.
EPS 1Y (TTM)32.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%12.72%
Revenue 1Y (TTM)13.28%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.73%

3.2 Future

Based on estimates for the next years, ELSA will show a very strong growth in Earnings Per Share. The EPS will grow by 44.34% on average per year.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y37.5%
EPS Next 2Y44.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year22.4%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
ELSA.MI Yearly Revenue VS EstimatesELSA.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 5M 10M 15M 20M
ELSA.MI Yearly EPS VS EstimatesELSA.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

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8

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 5.38 indicates a rather cheap valuation of ELSA.
Based on the Price/Earnings ratio, ELSA is valued cheaply inside the industry as 98.33% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 29.35, ELSA is valued rather cheaply.
With a Price/Forward Earnings ratio of 3.90, the valuation of ELSA can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ELSA indicates a rather cheap valuation: ELSA is cheaper than 96.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, ELSA is valued rather cheaply.
Industry RankSector Rank
PE 5.38
Fwd PE 3.9
ELSA.MI Price Earnings VS Forward Price EarningsELSA.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

95.00% of the companies in the same industry are more expensive than ELSA, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.22
ELSA.MI Per share dataELSA.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

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.
A more expensive valuation may be justified as ELSA's earnings are expected to grow with 44.34% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y44.34%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

ELSA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ELSA SOLUTIONS SPA

BIT:ELSA (3/5/2025, 7:00:00 PM)

1.99

-0.05 (-2.45%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners13.02%
Inst Owner ChangeN/A
Ins Owners3.85%
Ins Owner ChangeN/A
Market Cap6.21M
AnalystsN/A
Price Target5.25 (163.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
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)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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 5.38
Fwd PE 3.9
P/S 0.3
P/FCF N/A
P/OCF 6.72
P/B 0.61
P/tB 0.66
EV/EBITDA 2.22
EPS(TTM)0.37
EY18.59%
EPS(NY)0.51
Fwd EY25.63%
FCF(TTM)-0.26
FCFYN/A
OCF(TTM)0.3
OCFY14.89%
SpS6.59
BVpS3.28
TBVpS3.03
PEG (NY)0.14
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.23%
ROE 13.38%
ROCE 17.2%
ROIC 9.42%
ROICexc 10.91%
ROICexgc 11.54%
OM 11.01%
PM (TTM) 6.67%
GM 24.86%
FCFM N/A
ROA(3y)4.11%
ROA(5y)N/A
ROE(3y)14.65%
ROE(5y)N/A
ROIC(3y)7.01%
ROIC(5y)N/A
ROICexc(3y)7.36%
ROICexc(5y)N/A
ROICexgc(3y)7.55%
ROICexgc(5y)N/A
ROCE(3y)14.24%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.79
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF N/A
Debt/EBITDA 2.11
Cap/Depr 306.51%
Cap/Sales 8.46%
Interest Coverage 7.57
Cash Conversion 32.66%
Profit Quality N/A
Current Ratio 1.47
Quick Ratio 0.78
Altman-Z 2.11
F-Score6
WACC6.41%
ROIC/WACC1.47
Cap/Depr(3y)203.64%
Cap/Depr(5y)N/A
Cap/Sales(3y)4.64%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%12.72%
EPS Next Y37.5%
EPS Next 2Y44.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)13.28%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.73%
Revenue Next Year22.4%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y30.84%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year62.5%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-81.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y42.12%
OCF growth 3YN/A
OCF growth 5YN/A