ELIA GROUP SA/NV (ELI.BR) Stock Fundamental Analysis

Europe • Euronext Brussels • EBR:ELI • BE0003822393

125.9 EUR
+0.5 (+0.4%)
Last: Feb 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ELI. ELI was compared to 27 industry peers in the Electric Utilities industry. ELI has a medium profitability rating, but doesn't score so well on its financial health evaluation. ELI shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • ELI had positive earnings in the past year.
  • In the past year ELI had a positive cash flow from operations.
  • Each year in the past 5 years ELI has been profitable.
  • In multiple years ELI reported negative operating cash flow during the last 5 years.
ELI.BR Yearly Net Income VS EBIT VS OCF VS FCFELI.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B

1.2 Ratios

  • With a Return On Assets value of 1.76%, ELI is not doing good in the industry: 85.19% of the companies in the same industry are doing better.
  • ELI has a Return On Equity of 6.51%. This is amonst the worse of the industry: ELI underperforms 81.48% of its industry peers.
  • ELI has a Return On Invested Capital of 3.06%. This is in the lower half of the industry: ELI underperforms 77.78% of its industry peers.
  • ELI had an Average Return On Invested Capital over the past 3 years of 2.94%. This is below the industry average of 6.36%.
  • The last Return On Invested Capital (3.06%) for ELI is above the 3 year average (2.94%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.76%
ROE 6.51%
ROIC 3.06%
ROA(3y)1.67%
ROA(5y)1.64%
ROE(3y)6.79%
ROE(5y)6.49%
ROIC(3y)2.94%
ROIC(5y)2.96%
ELI.BR Yearly ROA, ROE, ROICELI.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • ELI's Profit Margin of 12.26% is fine compared to the rest of the industry. ELI outperforms 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of ELI has remained more or less at the same level.
  • With an excellent Operating Margin value of 25.74%, ELI belongs to the best of the industry, outperforming 85.19% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ELI has remained more or less at the same level.
  • ELI has a Gross Margin of 58.00%. This is comparable to the rest of the industry: ELI outperforms 59.26% of its industry peers.
  • ELI's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 25.74%
PM (TTM) 12.26%
GM 58%
OM growth 3Y6.02%
OM growth 5Y-1.05%
PM growth 3Y1.12%
PM growth 5Y-0.28%
GM growth 3Y4.99%
GM growth 5Y-1.62%
ELI.BR Yearly Profit, Operating, Gross MarginsELI.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • ELI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, ELI has about the same amount of shares outstanding.
  • The number of shares outstanding for ELI has been increased compared to 5 years ago.
  • The debt/assets ratio for ELI is higher compared to a year ago.
ELI.BR Yearly Shares OutstandingELI.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
ELI.BR Yearly Total Debt VS Total AssetsELI.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • ELI has an Altman-Z score of 0.87. This is a bad value and indicates that ELI is not financially healthy and even has some risk of bankruptcy.
  • ELI has a Altman-Z score of 0.87. This is in the lower half of the industry: ELI underperforms 74.07% of its industry peers.
  • A Debt/Equity ratio of 1.96 is on the high side and indicates that ELI has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.96, ELI is not doing good in the industry: 85.19% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF N/A
Altman-Z 0.87
ROIC/WACC0.63
WACC4.86%
ELI.BR Yearly LT Debt VS Equity VS FCFELI.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

2.3 Liquidity

  • A Current Ratio of 1.51 indicates that ELI should not have too much problems paying its short term obligations.
  • ELI has a better Current ratio (1.51) than 88.89% of its industry peers.
  • A Quick Ratio of 1.43 indicates that ELI should not have too much problems paying its short term obligations.
  • The Quick ratio of ELI (1.43) is better than 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 1.43
ELI.BR Yearly Current Assets VS Current LiabilitesELI.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 31.68% over the past year.
  • The Earnings Per Share has been growing slightly by 6.91% on average over the past years.
  • ELI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.50%.
  • The Revenue has been growing by 10.93% on average over the past years. This is quite good.
EPS 1Y (TTM)31.68%
EPS 3Y10.74%
EPS 5Y6.91%
EPS Q2Q%23.94%
Revenue 1Y (TTM)17.5%
Revenue growth 3Y13.87%
Revenue growth 5Y10.93%
Sales Q2Q%9.34%

3.2 Future

  • ELI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.37% yearly.
  • The Revenue is expected to grow by 15.97% on average over the next years. This is quite good.
EPS Next Y5.48%
EPS Next 2Y10%
EPS Next 3Y11.72%
EPS Next 5Y15.37%
Revenue Next Year17.48%
Revenue Next 2Y19.1%
Revenue Next 3Y19.49%
Revenue Next 5Y15.97%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ELI.BR Yearly Revenue VS EstimatesELI.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
ELI.BR Yearly EPS VS EstimatesELI.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.60, the valuation of ELI can be described as rather expensive.
  • ELI's Price/Earnings ratio is a bit more expensive when compared to the industry. ELI is more expensive than 70.37% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.03, ELI is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 21.15 indicates a rather expensive valuation of ELI.
  • Based on the Price/Forward Earnings ratio, ELI is valued expensively inside the industry as 81.48% of the companies are valued cheaper.
  • ELI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.97, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.6
Fwd PE 21.15
ELI.BR Price Earnings VS Forward Price EarningsELI.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 81.48% of the companies in the same industry are cheaper than ELI, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.38
ELI.BR Per share dataELI.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ELI does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.94
PEG (5Y)3.12
EPS Next 2Y10%
EPS Next 3Y11.72%

More info and screens

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

4

5. Dividend

5.1 Amount

  • ELI has a Yearly Dividend Yield of 1.15%.
  • With a Dividend Yield of 1.15, ELI pays less dividend than the industry average, which is at 3.17. 85.19% of the companies listed in the same industry pay a better dividend than ELI!
  • Compared to the average S&P500 Dividend Yield of 1.80, ELI is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.15%

5.2 History

  • The dividend of ELI has a limited annual growth rate of 4.05%.
Dividend Growth(5Y)4.05%
Div Incr Years6
Div Non Decr Years6
ELI.BR Yearly Dividends per shareELI.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

5.3 Sustainability

  • ELI pays out 25.37% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of ELI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.37%
EPS Next 2Y10%
EPS Next 3Y11.72%
ELI.BR Yearly Income VS Free CF VS DividendELI.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B
ELI.BR Dividend Payout.ELI.BR Dividend Payout, showing the Payout Ratio.ELI.BR Dividend Payout.PayoutRetained Earnings

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ELIA GROUP SA/NV

EBR:ELI (2/10/2026, 7:00:00 PM)

125.9

+0.5 (+0.4%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-28
Earnings (Next)03-05
Inst Owners22.27%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap13.73B
Revenue(TTM)4.15B
Net Income(TTM)509.30M
Analysts82.22
Price Target126.96 (0.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.15%
Yearly Dividend1.89
Dividend Growth(5Y)4.05%
DP25.37%
Div Incr Years6
Div Non Decr Years6
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)5.54%
PT rev (3m)9.25%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.08%
EPS NY rev (3m)0.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
Industry RankSector Rank
PE 21.6
Fwd PE 21.15
P/S 3.31
P/FCF N/A
P/OCF 10.37
P/B 1.75
P/tB 2.86
EV/EBITDA 14.38
EPS(TTM)5.83
EY4.63%
EPS(NY)5.95
Fwd EY4.73%
FCF(TTM)-29.26
FCFYN/A
OCF(TTM)12.14
OCFY9.64%
SpS38.07
BVpS71.74
TBVpS44.01
PEG (NY)3.94
PEG (5Y)3.12
Graham Number97.01
Profitability
Industry RankSector Rank
ROA 1.76%
ROE 6.51%
ROCE 4.33%
ROIC 3.06%
ROICexc 3.83%
ROICexgc 4.53%
OM 25.74%
PM (TTM) 12.26%
GM 58%
FCFM N/A
ROA(3y)1.67%
ROA(5y)1.64%
ROE(3y)6.79%
ROE(5y)6.49%
ROIC(3y)2.94%
ROIC(5y)2.96%
ROICexc(3y)3.56%
ROICexc(5y)3.54%
ROICexgc(3y)4.52%
ROICexgc(5y)4.55%
ROCE(3y)4.17%
ROCE(5y)4.19%
ROICexgc growth 3Y-6.4%
ROICexgc growth 5Y-9.25%
ROICexc growth 3Y-2.45%
ROICexc growth 5Y-6.12%
OM growth 3Y6.02%
OM growth 5Y-1.05%
PM growth 3Y1.12%
PM growth 5Y-0.28%
GM growth 3Y4.99%
GM growth 5Y-1.62%
F-Score6
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF N/A
Debt/EBITDA 8.88
Cap/Depr 683.43%
Cap/Sales 108.74%
Interest Coverage 3.18
Cash Conversion 76.55%
Profit Quality N/A
Current Ratio 1.51
Quick Ratio 1.43
Altman-Z 0.87
F-Score6
WACC4.86%
ROIC/WACC0.63
Cap/Depr(3y)492.24%
Cap/Depr(5y)397.61%
Cap/Sales(3y)75.93%
Cap/Sales(5y)64.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)31.68%
EPS 3Y10.74%
EPS 5Y6.91%
EPS Q2Q%23.94%
EPS Next Y5.48%
EPS Next 2Y10%
EPS Next 3Y11.72%
EPS Next 5Y15.37%
Revenue 1Y (TTM)17.5%
Revenue growth 3Y13.87%
Revenue growth 5Y10.93%
Sales Q2Q%9.34%
Revenue Next Year17.48%
Revenue Next 2Y19.1%
Revenue Next 3Y19.49%
Revenue Next 5Y15.97%
EBIT growth 1Y56.7%
EBIT growth 3Y20.72%
EBIT growth 5Y9.77%
EBIT Next Year128.39%
EBIT Next 3Y51.49%
EBIT Next 5Y36.74%
FCF growth 1Y-84.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2506.3%
OCF growth 3Y-37.96%
OCF growth 5Y67.65%

ELIA GROUP SA/NV / ELI.BR FAQ

Can you provide the ChartMill fundamental rating for ELIA GROUP SA/NV?

ChartMill assigns a fundamental rating of 4 / 10 to ELI.BR.


What is the valuation status of ELIA GROUP SA/NV (ELI.BR) stock?

ChartMill assigns a valuation rating of 1 / 10 to ELIA GROUP SA/NV (ELI.BR). This can be considered as Overvalued.


What is the profitability of ELI stock?

ELIA GROUP SA/NV (ELI.BR) has a profitability rating of 4 / 10.


What are the PE and PB ratios of ELIA GROUP SA/NV (ELI.BR) stock?

The Price/Earnings (PE) ratio for ELIA GROUP SA/NV (ELI.BR) is 21.6 and the Price/Book (PB) ratio is 1.75.


Can you provide the dividend sustainability for ELI stock?

The dividend rating of ELIA GROUP SA/NV (ELI.BR) is 4 / 10 and the dividend payout ratio is 25.37%.