ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis
OSL:ELMRA - Euronext Oslo - NO0010815673 - Common Stock - Currency: NOK
Taking everything into account, ELMRA scores 5 out of 10 in our fundamental rating. ELMRA was compared to 16 industry peers in the Electric Utilities industry. The financial health of ELMRA is average, but there are quite some concerns on its profitability. ELMRA has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year ELMRA was profitable.
ELMRA had a positive operating cash flow in the past year.
In the past 5 years ELMRA has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: ELMRA reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.37%, ELMRA is in line with its industry, outperforming 50.00% of the companies in the same industry.
ELMRA has a Return On Equity (19.79%) which is comparable to the rest of the industry.
ELMRA's Return On Invested Capital of 8.79% is fine compared to the rest of the industry. ELMRA outperforms 62.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ELMRA is in line with the industry average of 8.82%.
The last Return On Invested Capital (8.79%) for ELMRA is above the 3 year average (7.64%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 19.79% | ||
| ROIC | 8.79% |
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.57%
ROE(5y)15.75%
ROIC(3y)7.64%
ROIC(5y)10.35%
1.3 Margins
With a Profit Margin value of 2.73%, ELMRA is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of ELMRA has declined.
ELMRA's Operating Margin of 3.37% is on the low side compared to the rest of the industry. ELMRA is outperformed by 75.00% of its industry peers.
ELMRA's Operating Margin has declined in the last couple of years.
ELMRA has a worse Gross Margin (15.53%) than 81.25% of its industry peers.
ELMRA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.37% | ||
| PM (TTM) | 2.73% | ||
| GM | 15.53% |
OM growth 3Y7.92%
OM growth 5Y-12.47%
PM growth 3Y19.29%
PM growth 5Y-11.05%
GM growth 3Y8.43%
GM growth 5Y-2.66%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELMRA is destroying value.
Compared to 1 year ago, ELMRA has more shares outstanding
ELMRA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ELMRA is higher compared to a year ago.
2.2 Solvency
ELMRA has an Altman-Z score of 2.95. This is not the best score and indicates that ELMRA is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of ELMRA (2.95) is better than 93.75% of its industry peers.
The Debt to FCF ratio of ELMRA is 1.98, which is an excellent value as it means it would take ELMRA, only 1.98 years of fcf income to pay off all of its debts.
ELMRA has a Debt to FCF ratio of 1.98. This is amongst the best in the industry. ELMRA outperforms 81.25% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that ELMRA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.73, ELMRA is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 1.98 | ||
| Altman-Z | 2.95 |
ROIC/WACC0.89
WACC9.82%
2.3 Liquidity
ELMRA has a Current Ratio of 1.15. This is a normal value and indicates that ELMRA is financially healthy and should not expect problems in meeting its short term obligations.
ELMRA's Current ratio of 1.15 is fine compared to the rest of the industry. ELMRA outperforms 68.75% of its industry peers.
A Quick Ratio of 1.15 indicates that ELMRA should not have too much problems paying its short term obligations.
ELMRA's Quick ratio of 1.15 is fine compared to the rest of the industry. ELMRA outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.17% over the past year.
The Earnings Per Share has been decreasing by -1.54% on average over the past years.
Looking at the last year, ELMRA shows a very negative growth in Revenue. The Revenue has decreased by -31.42% in the last year.
ELMRA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.42% yearly.
EPS 1Y (TTM)22.17%
EPS 3Y5.23%
EPS 5Y-1.54%
EPS Q2Q%-31.14%
Revenue 1Y (TTM)-31.42%
Revenue growth 3Y-6.74%
Revenue growth 5Y11.42%
Sales Q2Q%-21.37%
3.2 Future
Based on estimates for the next years, ELMRA will show a decrease in Earnings Per Share. The EPS will decrease by -1.84% on average per year.
Based on estimates for the next years, ELMRA will show a decrease in Revenue. The Revenue will decrease by -1.58% on average per year.
EPS Next Y-16.93%
EPS Next 2Y-7.21%
EPS Next 3Y-1.84%
EPS Next 5YN/A
Revenue Next Year0.16%
Revenue Next 2Y1.57%
Revenue Next 3Y-1.58%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.59, the valuation of ELMRA can be described as reasonable.
93.75% of the companies in the same industry are more expensive than ELMRA, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.54. ELMRA is valued rather cheaply when compared to this.
ELMRA is valuated reasonably with a Price/Forward Earnings ratio of 9.95.
Based on the Price/Forward Earnings ratio, ELMRA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 36.44. ELMRA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.59 | ||
| Fwd PE | 9.95 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELMRA is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, ELMRA is valued cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.62 | ||
| EV/EBITDA | 7.88 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.21%
EPS Next 3Y-1.84%
5. Dividend
5.1 Amount
ELMRA has a Yearly Dividend Yield of 8.84%, which is a nice return.
ELMRA's Dividend Yield is rather good when compared to the industry average which is at 4.20. ELMRA pays more dividend than 100.00% of the companies in the same industry.
ELMRA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.84% |
5.2 History
The dividend of ELMRA has a limited annual growth rate of 0.91%.
Dividend Growth(5Y)0.91%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ELMRA pays out 82.32% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of ELMRA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP82.32%
EPS Next 2Y-7.21%
EPS Next 3Y-1.84%
OSL:ELMRA (7/21/2025, 2:15:26 PM)
33.55
-0.15 (-0.45%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners37.41%
Inst Owner ChangeN/A
Ins Owners0.34%
Ins Owner ChangeN/A
Market Cap3.84B
Analysts76.67
Price Target37.4 (11.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.84% |
Yearly Dividend2.3
Dividend Growth(5Y)0.91%
DP82.32%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)37.2%
Min EPS beat(2)-17.3%
Max EPS beat(2)91.7%
EPS beat(4)3
Avg EPS beat(4)448.61%
Min EPS beat(4)-17.3%
Max EPS beat(4)1705.83%
EPS beat(8)5
Avg EPS beat(8)234.85%
EPS beat(12)9
Avg EPS beat(12)173.27%
EPS beat(16)11
Avg EPS beat(16)130.19%
Revenue beat(2)2
Avg Revenue beat(2)11.09%
Min Revenue beat(2)8.4%
Max Revenue beat(2)13.79%
Revenue beat(4)2
Avg Revenue beat(4)-7.4%
Min Revenue beat(4)-34.12%
Max Revenue beat(4)13.79%
Revenue beat(8)4
Avg Revenue beat(8)-0.96%
Revenue beat(12)6
Avg Revenue beat(12)2.08%
Revenue beat(16)9
Avg Revenue beat(16)13.11%
PT rev (1m)1.85%
PT rev (3m)2.8%
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)-1.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.59 | ||
| Fwd PE | 9.95 | ||
| P/S | 0.34 | ||
| P/FCF | 6.62 | ||
| P/OCF | 5.88 | ||
| P/B | 2.49 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.88 |
EPS(TTM)3.5
EY10.43%
EPS(NY)3.37
Fwd EY10.05%
FCF(TTM)5.07
FCFY15.1%
OCF(TTM)5.71
OCFY17.01%
SpS97.48
BVpS13.45
TBVpS-2.26
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 19.79% | ||
| ROCE | 11.81% | ||
| ROIC | 8.79% | ||
| ROICexc | 9.64% | ||
| ROICexgc | 21.85% | ||
| OM | 3.37% | ||
| PM (TTM) | 2.73% | ||
| GM | 15.53% | ||
| FCFM | 5.2% |
ROA(3y)2.9%
ROA(5y)3.8%
ROE(3y)14.57%
ROE(5y)15.75%
ROIC(3y)7.64%
ROIC(5y)10.35%
ROICexc(3y)8.08%
ROICexc(5y)11.68%
ROICexgc(3y)17.27%
ROICexgc(5y)58.43%
ROCE(3y)10.24%
ROCE(5y)13.19%
ROICexcg growth 3Y-13.73%
ROICexcg growth 5Y-36.81%
ROICexc growth 3Y-1.95%
ROICexc growth 5Y-32.74%
OM growth 3Y7.92%
OM growth 5Y-12.47%
PM growth 3Y19.29%
PM growth 5Y-11.05%
GM growth 3Y8.43%
GM growth 5Y-2.66%
F-Score6
Asset Turnover1.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 1.98 | ||
| Debt/EBITDA | 2.04 | ||
| Cap/Depr | 41.85% | ||
| Cap/Sales | 0.66% | ||
| Interest Coverage | 2.35 | ||
| Cash Conversion | 118.42% | ||
| Profit Quality | 190.26% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 2.95 |
F-Score6
WACC9.82%
ROIC/WACC0.89
Cap/Depr(3y)29.02%
Cap/Depr(5y)31.32%
Cap/Sales(3y)0.34%
Cap/Sales(5y)0.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.17%
EPS 3Y5.23%
EPS 5Y-1.54%
EPS Q2Q%-31.14%
EPS Next Y-16.93%
EPS Next 2Y-7.21%
EPS Next 3Y-1.84%
EPS Next 5YN/A
Revenue 1Y (TTM)-31.42%
Revenue growth 3Y-6.74%
Revenue growth 5Y11.42%
Sales Q2Q%-21.37%
Revenue Next Year0.16%
Revenue Next 2Y1.57%
Revenue Next 3Y-1.58%
Revenue Next 5YN/A
EBIT growth 1Y-3.4%
EBIT growth 3Y0.65%
EBIT growth 5Y-2.48%
EBIT Next Year50.36%
EBIT Next 3Y18.28%
EBIT Next 5YN/A
FCF growth 1Y145.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y153.32%
OCF growth 3YN/A
OCF growth 5YN/A