ELMERA GROUP ASA (ELMRA.OL) Stock Fundamental Analysis
OSL:ELMRA - Euronext Oslo - NO0010815673 - Common Stock - Currency: NOK
We assign a fundamental rating of 5 out of 10 to ELMRA. ELMRA was compared to 16 industry peers in the Electric Utilities industry. ELMRA has only an average score on both its financial health and profitability. ELMRA has a valuation in line with the averages, but it does not seem to be growing.
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
With a Return On Assets value of 5.37%, ELMRA perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
ELMRA has a better Return On Equity (19.79%) than 62.50% of its industry peers.
ELMRA has a Return On Invested Capital of 8.79%. This is in the better half of the industry: ELMRA outperforms 62.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ELMRA is in line with the industry average of 8.76%.
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
ELMRA's Profit Margin of 2.73% is on the low side compared to the rest of the industry. ELMRA is outperformed by 75.00% of its industry peers.
ELMRA's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 3.37%, ELMRA is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
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.
In the last couple of years the Gross Margin of ELMRA has declined.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ELMRA is destroying value.
Compared to 1 year ago, ELMRA has more shares outstanding
Compared to 5 years ago, ELMRA has more shares outstanding
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.
ELMRA has a Altman-Z score of 2.95. This is amongst the best in the industry. ELMRA outperforms 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.
With an excellent Debt to FCF ratio value of 1.98, ELMRA belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
A Debt/Equity ratio of 0.73 indicates that ELMRA is somewhat dependend on debt financing.
ELMRA has a better Debt to Equity ratio (0.73) than 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 1.98 | ||
| Altman-Z | 2.95 |
ROIC/WACC0.9
WACC9.79%
2.3 Liquidity
A Current Ratio of 1.15 indicates that ELMRA should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.15, ELMRA is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
ELMRA has a Quick 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.
With an excellent Quick ratio value of 1.15, ELMRA belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
| 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.
ELMRA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.54% yearly.
ELMRA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -31.42%.
Measured over the past years, ELMRA shows a quite strong growth in Revenue. The Revenue has been growing by 11.42% on average per year.
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
The Earnings Per Share is expected to decrease by -1.84% on average over the next years.
ELMRA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.58% yearly.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.52, which indicates a very decent valuation of ELMRA.
ELMRA's Price/Earnings ratio is rather cheap when compared to the industry. ELMRA is cheaper than 93.75% of the companies in the same industry.
When comparing the Price/Earnings ratio of ELMRA to the average of the S&P500 Index (26.46), we can say ELMRA is valued rather cheaply.
A Price/Forward Earnings ratio of 9.89 indicates a reasonable valuation of ELMRA.
Based on the Price/Forward Earnings ratio, ELMRA is valued cheaper than 100.00% of the companies in the same industry.
ELMRA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.52 | ||
| Fwd PE | 9.89 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ELMRA is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ELMRA is valued cheaply inside the industry as 93.75% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.58 | ||
| EV/EBITDA | 7.79 |
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 9.00%, which is a nice return.
Compared to an average industry Dividend Yield of 4.31, ELMRA pays a better dividend. On top of this ELMRA pays more dividend than 100.00% of the companies listed in the same industry.
ELMRA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
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
82.32% of the earnings are spent on dividend by ELMRA. 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 (6/3/2025, 4:19:50 PM)
33.325
+0.08 (+0.23%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners39.52%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap3.81B
Analysts76.67
Price Target36.38 (9.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
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)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)-1.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-3.08%
Revenue NY rev (3m)-1.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.52 | ||
| Fwd PE | 9.89 | ||
| P/S | 0.34 | ||
| P/FCF | 6.58 | ||
| P/OCF | 5.84 | ||
| P/B | 2.48 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.79 |
EPS(TTM)3.5
EY10.5%
EPS(NY)3.37
Fwd EY10.11%
FCF(TTM)5.07
FCFY15.2%
OCF(TTM)5.71
OCFY17.13%
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
WACC9.79%
ROIC/WACC0.9
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