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

EBR:ELI • BE0003822393

134.3 EUR
-0.5 (-0.37%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall ELI gets a fundamental rating of 4 out of 10. We evaluated ELI against 26 industry peers in the Electric Utilities industry. There are concerns on the financial health of ELI while its profitability can be described as average. ELI shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year ELI was profitable.
  • ELI had a positive operating cash flow in the past year.
  • Each year in the past 5 years ELI has been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: ELI reported negative operating cash flow in multiple 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's Return On Assets of 1.76% is on the low side compared to the rest of the industry. ELI is outperformed by 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 3 year average ROIC (2.94%) for ELI is below the current ROIC(3.06%), indicating increased profibility in the last year.
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 65.38% of its industry peers.
  • In the last couple of years the Profit Margin of ELI has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 25.74%, ELI belongs to the top 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.
  • Looking at the Gross Margin, with a value of 58.00%, ELI is in line with its industry, outperforming 57.69% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ELI has declined.
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.
  • ELI has about the same amout of shares outstanding than it did 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

  • Based on the Altman-Z score of 0.90, we must say that ELI is in the distress zone and has some risk of bankruptcy.
  • ELI has a worse Altman-Z score (0.90) than 76.92% 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.
  • Looking at the Debt to Equity ratio, with a value of 1.96, ELI is doing worse than 88.46% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF N/A
Altman-Z 0.9
ROIC/WACC0.61
WACC4.98%
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.
  • ELI has a Quick Ratio of 1.43. This is a normal value and indicates that ELI is financially healthy and should not expect problems in meeting its short term obligations.
  • ELI's Quick ratio of 1.43 is amongst the best of the industry. ELI outperforms 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. Growth

3.1 Past

  • ELI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 31.68%, which is quite impressive.
  • 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%.
  • ELI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.93% yearly.
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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1

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.04 indicates a rather expensive valuation of ELI.
  • Based on the Price/Earnings ratio, ELI is valued a bit more expensive than the industry average as 73.08% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of ELI to the average of the S&P500 Index (27.13), we can say ELI is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 22.56, the valuation of ELI can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, ELI is valued a bit more expensive than the industry average as 76.92% of the companies are valued more cheaply.
  • ELI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.11.
Industry RankSector Rank
PE 23.04
Fwd PE 22.56
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

  • Based on the Enterprise Value to EBITDA ratio, ELI is valued a bit more expensive than the industry average as 73.08% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.98
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 an expensive valuation of the company.
PEG (NY)4.21
PEG (5Y)3.33
EPS Next 2Y10%
EPS Next 3Y11.72%

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

4

5. Dividend

5.1 Amount

  • ELI has a Yearly Dividend Yield of 1.07%.
  • ELI's Dividend Yield is slightly below the industry average, which is at 2.95.
  • With a Dividend Yield of 1.07, ELI pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.07%

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

  • 25.37% of the earnings are spent on dividend by ELI. This is a low number and sustainable payout ratio.
  • ELI's earnings are growing more than its dividend. This makes the dividend growth 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 (3/2/2026, 7:00:00 PM)

134.3

-0.5 (-0.37%)

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 Cap14.65B
Revenue(TTM)4.15B
Net Income(TTM)509.30M
Analysts84.21
Price Target130.63 (-2.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.07%
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 23.04
Fwd PE 22.56
P/S 3.53
P/FCF N/A
P/OCF 11.06
P/B 1.87
P/tB 3.05
EV/EBITDA 14.98
EPS(TTM)5.83
EY4.34%
EPS(NY)5.95
Fwd EY4.43%
FCF(TTM)-29.26
FCFYN/A
OCF(TTM)12.14
OCFY9.04%
SpS38.07
BVpS71.74
TBVpS44.01
PEG (NY)4.21
PEG (5Y)3.33
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 0.9
F-Score6
WACC4.98%
ROIC/WACC0.61
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 23.04 and the Price/Book (PB) ratio is 1.87.


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%.