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ELOPAK ASA (ELO.OL) Stock Fundamental Analysis

OSL:ELO - Euronext Oslo - NO0011002586 - Common Stock - Currency: NOK

44.7  +2.25 (+5.3%)

Fundamental Rating

5

ELO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Containers & Packaging industry. ELO scores excellent on profitability, but there are concerns on its financial health. ELO has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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7

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.
Each year in the past 5 years ELO had a positive operating cash flow.
ELO.OL Yearly Net Income VS EBIT VS OCF VS FCFELO.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

1.2 Ratios

With a decent Return On Assets value of 5.17%, ELO is doing good in the industry, outperforming 71.43% of the companies in the same industry.
ELO's Return On Equity of 15.98% is amongst the best of the industry. ELO outperforms 85.71% of its industry peers.
The Return On Invested Capital of ELO (9.50%) is better than 78.57% of its industry peers.
ELO had an Average Return On Invested Capital over the past 3 years of 9.29%. This is above the industry average of 6.56%.
The 3 year average ROIC (9.29%) for ELO is below the current ROIC(9.50%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.17%
ROE 15.98%
ROIC 9.5%
ROA(3y)4.62%
ROA(5y)4.91%
ROE(3y)14.63%
ROE(5y)16.45%
ROIC(3y)9.29%
ROIC(5y)9.23%
ELO.OL Yearly ROA, ROE, ROICELO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

The Profit Margin of ELO (4.79%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of ELO has grown nicely.
ELO has a Operating Margin (8.53%) which is in line with its industry peers.
In the last couple of years the Operating Margin of ELO has grown nicely.
With a Gross Margin value of 37.46%, ELO perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
ELO's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 8.53%
PM (TTM) 4.79%
GM 37.46%
OM growth 3Y14.36%
OM growth 5Y17.31%
PM growth 3Y10.04%
PM growth 5Y37.07%
GM growth 3Y0.61%
GM growth 5Y1.43%
ELO.OL Yearly Profit, Operating, Gross MarginsELO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. Health

2.1 Basic Checks

ELO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ELO has about the same amount of shares outstanding.
Compared to 5 years ago, ELO has about the same amount of shares outstanding.
The debt/assets ratio for ELO is higher compared to a year ago.
ELO.OL Yearly Shares OutstandingELO.OL Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
ELO.OL Yearly Total Debt VS Total AssetsELO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 2.73 indicates that ELO is not a great score, but indicates only limited risk for bankruptcy at the moment.
ELO's Altman-Z score of 2.73 is fine compared to the rest of the industry. ELO outperforms 71.43% of its industry peers.
A Debt/Equity ratio of 1.17 is on the high side and indicates that ELO has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.17, ELO is doing worse than 78.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Altman-Z 2.73
ROIC/WACC1.35
WACC7.02%
ELO.OL Yearly LT Debt VS Equity VS FCFELO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 1.43 indicates that ELO should not have too much problems paying its short term obligations.
With a Current ratio value of 1.43, ELO perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
A Quick Ratio of 0.82 indicates that ELO may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.82, ELO is in line with its industry, outperforming 57.14% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.43
Quick Ratio 0.82
ELO.OL Yearly Current Assets VS Current LiabilitesELO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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4

3. Growth

3.1 Past

The earnings per share for ELO have decreased strongly by -22.22% in the last year.
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 3.00% in the past year.
The Revenue has been growing slightly by 4.99% on average over the past years.
EPS 1Y (TTM)-22.22%
EPS 3Y24.53%
EPS 5Y43.61%
EPS Q2Q%-25%
Revenue 1Y (TTM)3%
Revenue growth 3Y10.58%
Revenue growth 5Y4.99%
Sales Q2Q%6.27%

3.2 Future

ELO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.68% yearly.
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 Year6.32%
Revenue Next 2Y7.45%
Revenue Next 3Y6.99%
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.
ELO.OL Yearly Revenue VS EstimatesELO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B
ELO.OL Yearly EPS VS EstimatesELO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.1 0.2 0.3

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4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 18.47 indicates a rather expensive valuation of ELO.
ELO's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.25, ELO is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 12.37, the valuation of ELO can be described as correct.
ELO's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of ELO to the average of the S&P500 Index (22.15), we can say ELO is valued slightly cheaper.
Industry RankSector Rank
PE 18.47
Fwd PE 12.37
ELO.OL Price Earnings VS Forward Price EarningsELO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as ELO.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.65
ELO.OL Per share dataELO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

The 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)1.39
PEG (5Y)0.42
EPS Next 2Y16.67%
EPS Next 3Y18.09%

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3

5. Dividend

5.1 Amount

ELO has a Yearly Dividend Yield of 3.52%.
ELO's Dividend Yield is comparable with the industry average which is at 4.25.
ELO's Dividend Yield is a higher than the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 3.52%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

ELO pays out 61.12% of its income as dividend. This is not a sustainable payout ratio.
DP61.12%
EPS Next 2Y16.67%
EPS Next 3Y18.09%
ELO.OL Yearly Income VS Free CF VS DividendELO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M
ELO.OL Dividend Payout.ELO.OL Dividend Payout, showing the Payout Ratio.ELO.OL Dividend Payout.PayoutRetained Earnings

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ELOPAK ASA

OSL:ELO (5/30/2025, 7:00:00 PM)

44.7

+2.25 (+5.3%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)05-07 2025-05-07/bmo
Earnings (Next)08-14 2025-08-14
Inst Owners77.73%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap12.03B
Analysts78
Price Target47.96 (7.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.52%
Yearly Dividend1.48
Dividend Growth(5Y)N/A
DP61.12%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-29.55%
Min EPS beat(2)-50.49%
Max EPS beat(2)-8.61%
EPS beat(4)0
Avg EPS beat(4)-23.31%
Min EPS beat(4)-50.49%
Max EPS beat(4)-8.61%
EPS beat(8)3
Avg EPS beat(8)-5.96%
EPS beat(12)5
Avg EPS beat(12)-5.91%
EPS beat(16)8
Avg EPS beat(16)-4.62%
Revenue beat(2)1
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-1.81%
Max Revenue beat(2)1.29%
Revenue beat(4)1
Avg Revenue beat(4)-1.26%
Min Revenue beat(4)-3.54%
Max Revenue beat(4)1.29%
Revenue beat(8)2
Avg Revenue beat(8)-1.68%
Revenue beat(12)5
Avg Revenue beat(12)-0.05%
Revenue beat(16)6
Avg Revenue beat(16)-0.59%
PT rev (1m)-0.42%
PT rev (3m)-2.93%
EPS NQ rev (1m)-7.69%
EPS NQ rev (3m)-20%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.25%
Revenue NQ rev (1m)0.73%
Revenue NQ rev (3m)1.41%
Revenue NY rev (1m)0.4%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 18.47
Fwd PE 12.37
P/S 0.89
P/FCF N/A
P/OCF 9.41
P/B 2.96
P/tB 5.4
EV/EBITDA 8.65
EPS(TTM)2.42
EY5.41%
EPS(NY)3.61
Fwd EY8.08%
FCF(TTM)-0.55
FCFYN/A
OCF(TTM)4.75
OCFY10.63%
SpS50.37
BVpS15.11
TBVpS8.27
PEG (NY)1.39
PEG (5Y)0.42
Profitability
Industry RankSector Rank
ROA 5.17%
ROE 15.98%
ROCE 13.34%
ROIC 9.5%
ROICexc 9.89%
ROICexgc 12.49%
OM 8.53%
PM (TTM) 4.79%
GM 37.46%
FCFM N/A
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 Turnover1.08
Health
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Debt/EBITDA 2.47
Cap/Depr 184.86%
Cap/Sales 10.52%
Interest Coverage 5.85
Cash Conversion 66.33%
Profit Quality N/A
Current Ratio 1.43
Quick Ratio 0.82
Altman-Z 2.73
F-Score6
WACC7.02%
ROIC/WACC1.35
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)-22.22%
EPS 3Y24.53%
EPS 5Y43.61%
EPS Q2Q%-25%
EPS Next Y13.3%
EPS Next 2Y16.67%
EPS Next 3Y18.09%
EPS Next 5Y9.68%
Revenue 1Y (TTM)3%
Revenue growth 3Y10.58%
Revenue growth 5Y4.99%
Sales Q2Q%6.27%
Revenue Next Year6.32%
Revenue Next 2Y7.45%
Revenue Next 3Y6.99%
Revenue Next 5Y4.14%
EBIT growth 1Y-6.53%
EBIT growth 3Y26.46%
EBIT growth 5Y23.16%
EBIT Next Year64.41%
EBIT Next 3Y26.44%
EBIT Next 5Y14.88%
FCF growth 1Y-136.87%
FCF growth 3Y-4.86%
FCF growth 5Y-8.94%
OCF growth 1Y43.55%
OCF growth 3Y24.11%
OCF growth 5Y6.56%