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

EBR:ELI • BE0003822393

131.9 EUR
+0.4 (+0.3%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This ELI.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, ELI scores 4 out of 10 in our fundamental rating. ELI was compared to 26 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 is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

4

1. ELI.BR Profitability Analysis

1.1 Basic Checks

  • ELI had positive earnings in the past year.
  • ELI had a positive operating cash flow in the past year.
  • In the past 5 years ELI has always 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

  • ELI has a Return On Assets of 1.76%. This is amonst the worse of the industry: ELI underperforms 84.62% of its industry peers.
  • Looking at the Return On Equity, with a value of 6.51%, ELI is doing worse than 80.77% of the companies in the same industry.
  • With a Return On Invested Capital value of 3.06%, ELI is not doing good in the industry: 76.92% of the companies in the same industry are doing better.
  • ELI had an Average Return On Invested Capital over the past 3 years of 2.94%. This is below the industry average of 6.40%.
  • 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

  • The Profit Margin of ELI (12.26%) is better than 65.38% of its industry peers.
  • ELI's Profit Margin has been stable in the last couple of years.
  • With an excellent Operating Margin value of 25.74%, ELI belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
  • ELI's Operating Margin has been stable in the last couple of years.
  • ELI's Gross Margin of 58.00% is in line compared to the rest of the industry. ELI outperforms 57.69% 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. ELI.BR Health Analysis

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.
  • The number of shares outstanding for ELI remains at a similar level compared to 1 year ago.
  • ELI has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ELI has a worse debt to assets ratio.
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 0.89. This is a bad value and indicates that ELI is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of ELI (0.89) is worse than 76.92% of its industry peers.
  • ELI has a Debt/Equity ratio of 1.96. This is a high value indicating a heavy dependency on external financing.
  • ELI has a Debt to Equity ratio of 1.96. This is amonst the worse of the industry: ELI underperforms 88.46% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF N/A
Altman-Z 0.89
ROIC/WACC0.62
WACC4.95%
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.
  • The Current ratio of ELI (1.51) is better than 80.77% of its industry peers.
  • A Quick Ratio of 1.43 indicates that ELI should not have too much problems paying its short term obligations.
  • ELI has a better Quick ratio (1.43) than 84.62% 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. ELI.BR Growth Analysis

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.
  • The Revenue has grown by 17.50% in the past year. This is quite good.
  • 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

  • Based on estimates for the next years, ELI will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.96% on average per year.
  • The Revenue is expected to grow by 15.32% on average over the next years. This is quite good.
EPS Next Y5.48%
EPS Next 2Y10%
EPS Next 3Y11.72%
EPS Next 5Y14.96%
Revenue Next Year17.73%
Revenue Next 2Y19.13%
Revenue Next 3Y19.49%
Revenue Next 5Y15.32%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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. ELI.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • ELI is valuated rather expensively with a Price/Earnings ratio of 22.62.
  • Compared to the rest of the industry, the Price/Earnings ratio of ELI indicates a slightly more expensive valuation: ELI is more expensive than 73.08% of the companies listed in the same industry.
  • ELI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.29.
  • A Price/Forward Earnings ratio of 22.15 indicates a rather expensive valuation of ELI.
  • 76.92% of the companies in the same industry are cheaper than ELI, based on the Price/Forward Earnings ratio.
  • ELI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.57.
Industry RankSector Rank
PE 22.62
Fwd PE 22.15
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELI indicates a slightly more expensive valuation: ELI is more expensive than 73.08% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.77
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)4.13
PEG (5Y)3.27
EPS Next 2Y10%
EPS Next 3Y11.72%

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

4

5. ELI.BR Dividend Analysis

5.1 Amount

  • ELI has a Yearly Dividend Yield of 1.09%.
  • ELI's Dividend Yield is slightly below the industry average, which is at 2.98.
  • Compared to an average S&P500 Dividend Yield of 1.82, ELI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.09%

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 2026 1 2 3 4

5.3 Sustainability

  • 25.37% of the earnings are spent on dividend by ELI. This is a low number and 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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ELI.BR Fundamentals: All Metrics, Ratios and Statistics

ELIA GROUP SA/NV

EBR:ELI (3/6/2026, 7:00:00 PM)

131.9

+0.4 (+0.3%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)03-05
Earnings (Next)05-20
Inst Owners24.36%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap14.39B
Revenue(TTM)4.15B
Net Income(TTM)509.30M
Analysts83.16
Price Target130.63 (-0.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.09%
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)8.27%
PT rev (3m)12.41%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 22.62
Fwd PE 22.15
P/S 3.46
P/FCF N/A
P/OCF 10.87
P/B 1.84
P/tB 3
EV/EBITDA 14.77
EPS(TTM)5.83
EY4.42%
EPS(NY)5.95
Fwd EY4.51%
FCF(TTM)-29.26
FCFYN/A
OCF(TTM)12.14
OCFY9.2%
SpS38.07
BVpS71.74
TBVpS44.01
PEG (NY)4.13
PEG (5Y)3.27
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 0.89
F-Score6
WACC4.95%
ROIC/WACC0.62
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 5Y14.96%
Revenue 1Y (TTM)17.5%
Revenue growth 3Y13.87%
Revenue growth 5Y10.93%
Sales Q2Q%9.34%
Revenue Next Year17.73%
Revenue Next 2Y19.13%
Revenue Next 3Y19.49%
Revenue Next 5Y15.32%
EBIT growth 1Y56.7%
EBIT growth 3Y20.72%
EBIT growth 5Y9.77%
EBIT Next Year127.92%
EBIT Next 3Y51.33%
EBIT Next 5Y36.96%
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 22.62 and the Price/Book (PB) ratio is 1.84.


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%.