ELOPAK ASA (ELO.OL) Stock Fundamental Analysis
OSL:ELO - Euronext Oslo - NO0011002586 - Common Stock - Currency: NOK
We assign a fundamental rating of 5 out of 10 to ELO. ELO was compared to 13 industry peers in the Containers & Packaging industry. While ELO belongs to the best of the industry regarding profitability, there are concerns on its financial health. ELO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year ELO was profitable.
In the past year ELO had a positive cash flow from operations.
Each year in the past 5 years ELO has been profitable.
ELO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.77%, ELO is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
ELO's Return On Equity of 17.81% is amongst the best of the industry. ELO outperforms 84.62% of its industry peers.
The Return On Invested Capital of ELO (10.12%) is better than 76.92% of its industry peers.
ELO had an Average Return On Invested Capital over the past 3 years of 9.29%. This is in line with the industry average of 7.86%.
The 3 year average ROIC (9.29%) for ELO is below the current ROIC(10.12%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.77% | ||
| ROE | 17.81% | ||
| ROIC | 10.12% |
ROA(3y)4.62%
ROA(5y)4.91%
ROE(3y)14.63%
ROE(5y)16.45%
ROIC(3y)9.29%
ROIC(5y)9.23%
1.3 Margins
ELO has a Profit Margin of 5.27%. This is comparable to the rest of the industry: ELO outperforms 53.85% of its industry peers.
ELO's Profit Margin has improved in the last couple of years.
ELO has a Operating Margin of 8.82%. This is in the better half of the industry: ELO outperforms 61.54% of its industry peers.
ELO's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 37.77%, ELO perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
ELO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.82% | ||
| PM (TTM) | 5.27% | ||
| GM | 37.77% |
OM growth 3Y14.36%
OM growth 5Y17.31%
PM growth 3Y10.04%
PM growth 5Y37.07%
GM growth 3Y0.61%
GM growth 5Y1.43%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ELO is still creating some value.
ELO has about the same amout of shares outstanding than it did 1 year ago.
ELO has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for ELO is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.72 indicates that ELO is not a great score, but indicates only limited risk for bankruptcy at the moment.
ELO has a better Altman-Z score (2.72) than 76.92% of its industry peers.
ELO has a debt to FCF ratio of 14.15. This is a negative value and a sign of low solvency as ELO would need 14.15 years to pay back of all of its debts.
With a Debt to FCF ratio value of 14.15, ELO perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
ELO has a Debt/Equity ratio of 1.12. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of ELO (1.12) is worse than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 14.15 | ||
| Altman-Z | 2.72 |
ROIC/WACC1.44
WACC7.04%
2.3 Liquidity
ELO has a Current Ratio of 1.39. This is a normal value and indicates that ELO is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.39, ELO perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
A Quick Ratio of 0.80 indicates that ELO may have some problems paying its short term obligations.
With a Quick ratio value of 0.80, ELO perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
ELO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.00%.
Measured over the past years, ELO shows a very strong growth in Earnings Per Share. The EPS has been growing by 43.61% on average per year.
The Revenue has been growing slightly by 2.15% in the past year.
Measured over the past years, ELO shows a small growth in Revenue. The Revenue has been growing by 4.99% on average per year.
EPS 1Y (TTM)-8%
EPS 3Y24.53%
EPS 5Y43.61%
EPS Q2Q%-40%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y10.58%
Revenue growth 5Y4.99%
Sales Q2Q%-1.31%
3.2 Future
The Earnings Per Share is expected to grow by 9.68% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.14% on average over the next years.
EPS Next Y13.3%
EPS Next 2Y16.67%
EPS Next 3Y18.09%
EPS Next 5Y9.68%
Revenue Next Year5.89%
Revenue Next 2Y7.05%
Revenue Next 3Y6.74%
Revenue Next 5Y4.14%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.93 indicates a correct valuation of ELO.
ELO's Price/Earnings ratio is in line with the industry average.
ELO is valuated rather cheaply when we compare the Price/Earnings ratio to 28.10, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 14.03, the valuation of ELO can be described as correct.
ELO's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.74. ELO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 14.03 |
4.2 Price Multiples
61.54% of the companies in the same industry are more expensive than ELO, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as ELO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.92 | ||
| EV/EBITDA | 8.02 |
4.3 Compensation for Growth
ELO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of ELO may justify a higher PE ratio.
ELO's earnings are expected to grow with 18.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.2
PEG (5Y)0.37
EPS Next 2Y16.67%
EPS Next 3Y18.09%
5. Dividend
5.1 Amount
ELO has a Yearly Dividend Yield of 3.62%.
Compared to an average industry Dividend Yield of 4.30, ELO has a dividend in line with its industry peers.
ELO's Dividend Yield is a higher than the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
56.52% of the earnings are spent on dividend by ELO. This is a bit on the high side, but may be sustainable.
DP56.52%
EPS Next 2Y16.67%
EPS Next 3Y18.09%
OSL:ELO (5/5/2025, 7:00:00 PM)
43
-0.1 (-0.23%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners77.73%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap11.58B
Analysts78
Price Target48.16 (12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
Yearly Dividend1.51
Dividend Growth(5Y)N/A
DP56.52%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-34.74%
Min EPS beat(2)-50.49%
Max EPS beat(2)-18.99%
EPS beat(4)1
Avg EPS beat(4)-13.15%
Min EPS beat(4)-50.49%
Max EPS beat(4)32.01%
EPS beat(8)4
Avg EPS beat(8)-0.88%
EPS beat(12)6
Avg EPS beat(12)-3.62%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.39%
Min Revenue beat(2)-1.81%
Max Revenue beat(2)-0.97%
Revenue beat(4)0
Avg Revenue beat(4)-2.09%
Min Revenue beat(4)-3.54%
Max Revenue beat(4)-0.97%
Revenue beat(8)2
Avg Revenue beat(8)-1.14%
Revenue beat(12)4
Avg Revenue beat(12)-0.46%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.52%
PT rev (3m)-5.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.57%
EPS NY rev (1m)-3.25%
EPS NY rev (3m)-9.15%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-1.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 14.03 | ||
| P/S | 0.85 | ||
| P/FCF | 31.92 | ||
| P/OCF | 7.03 | ||
| P/B | 2.88 | ||
| P/tB | 5.42 | ||
| EV/EBITDA | 8.02 |
EPS(TTM)2.7
EY6.28%
EPS(NY)3.06
Fwd EY7.13%
FCF(TTM)1.35
FCFY3.13%
OCF(TTM)6.11
OCFY14.21%
SpS50.52
BVpS14.94
TBVpS7.93
PEG (NY)1.2
PEG (5Y)0.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.77% | ||
| ROE | 17.81% | ||
| ROCE | 14.14% | ||
| ROIC | 10.12% | ||
| ROICexc | 10.51% | ||
| ROICexgc | 13.45% | ||
| OM | 8.82% | ||
| PM (TTM) | 5.27% | ||
| GM | 37.77% | ||
| FCFM | 2.67% |
ROA(3y)4.62%
ROA(5y)4.91%
ROE(3y)14.63%
ROE(5y)16.45%
ROIC(3y)9.29%
ROIC(5y)9.23%
ROICexc(3y)9.59%
ROICexc(5y)9.52%
ROICexgc(3y)12.85%
ROICexgc(5y)12.59%
ROCE(3y)12.55%
ROCE(5y)12.37%
ROICexcg growth 3Y10.75%
ROICexcg growth 5Y13.62%
ROICexc growth 3Y10.82%
ROICexc growth 5Y13.86%
OM growth 3Y14.36%
OM growth 5Y17.31%
PM growth 3Y10.04%
PM growth 5Y37.07%
GM growth 3Y0.61%
GM growth 5Y1.43%
F-Score6
Asset Turnover1.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 14.15 | ||
| Debt/EBITDA | 2.27 | ||
| Cap/Depr | 162.97% | ||
| Cap/Sales | 9.43% | ||
| Interest Coverage | 6.67 | ||
| Cash Conversion | 82.82% | ||
| Profit Quality | 50.64% | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 2.72 |
F-Score6
WACC7.04%
ROIC/WACC1.44
Cap/Depr(3y)95.63%
Cap/Depr(5y)89.83%
Cap/Sales(3y)5.77%
Cap/Sales(5y)5.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8%
EPS 3Y24.53%
EPS 5Y43.61%
EPS Q2Q%-40%
EPS Next Y13.3%
EPS Next 2Y16.67%
EPS Next 3Y18.09%
EPS Next 5Y9.68%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y10.58%
Revenue growth 5Y4.99%
Sales Q2Q%-1.31%
Revenue Next Year5.89%
Revenue Next 2Y7.05%
Revenue Next 3Y6.74%
Revenue Next 5Y4.14%
EBIT growth 1Y-1.87%
EBIT growth 3Y26.46%
EBIT growth 5Y23.16%
EBIT Next Year65.7%
EBIT Next 3Y26.07%
EBIT Next 5Y14.88%
FCF growth 1Y-73.01%
FCF growth 3Y-4.86%
FCF growth 5Y-8.94%
OCF growth 1Y-9.75%
OCF growth 3Y24.11%
OCF growth 5Y6.56%