EUTELSAT COMMUNICATIONS (ETL.PA) Stock Fundamental Analysis

EPA:ETL • FR0010221234

2.278 EUR
-0.06 (-2.65%)
Last: Feb 27, 2026, 01:18 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to ETL. ETL was compared to 66 industry peers in the Media industry. While ETL seems to be doing ok healthwise, there are quite some concerns on its profitability. ETL has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year ETL has reported negative net income.
  • ETL had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: ETL reported negative net income in multiple years.
  • ETL had a positive operating cash flow in each of the past 5 years.
ETL.PA Yearly Net Income VS EBIT VS OCF VS FCFETL.PA 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 2025 0 500M -500M -1B

1.2 Ratios

  • The Return On Assets of ETL (-5.71%) is worse than 70.77% of its industry peers.
  • ETL's Return On Equity of -11.67% is on the low side compared to the rest of the industry. ETL is outperformed by 69.23% of its industry peers.
Industry RankSector Rank
ROA -5.71%
ROE -11.67%
ROIC N/A
ROA(3y)-4.95%
ROA(5y)-1.77%
ROE(3y)-13.06%
ROE(5y)-4.53%
ROIC(3y)N/A
ROIC(5y)N/A
ETL.PA Yearly ROA, ROE, ROICETL.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20 -30 -40

1.3 Margins

  • ETL has a Gross Margin of 91.66%. This is amongst the best in the industry. ETL outperforms 87.69% of its industry peers.
  • ETL's Gross Margin has been stable in the last couple of years.
  • The Profit Margin and Operating Margin are not available for ETL so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 91.66%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.65%
GM growth 5Y-1.06%
ETL.PA Yearly Profit, Operating, Gross MarginsETL.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

4

2. Health

2.1 Basic Checks

  • ETL does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • ETL has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ETL has been increased compared to 5 years ago.
  • ETL has a worse debt/assets ratio than last year.
ETL.PA Yearly Shares OutstandingETL.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
ETL.PA Yearly Total Debt VS Total AssetsETL.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • ETL has an Altman-Z score of 0.54. This is a bad value and indicates that ETL is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of ETL (0.54) is worse than 72.31% of its industry peers.
  • The Debt to FCF ratio of ETL is 154.75, which is on the high side as it means it would take ETL, 154.75 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of ETL (154.75) is worse than 61.54% of its industry peers.
  • ETL has a Debt/Equity ratio of 0.70. This is a neutral value indicating ETL is somewhat dependend on debt financing.
  • ETL has a Debt to Equity ratio (0.70) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 154.75
Altman-Z 0.54
ROIC/WACCN/A
WACC5.9%
ETL.PA Yearly LT Debt VS Equity VS FCFETL.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 3.13 indicates that ETL has no problem at all paying its short term obligations.
  • ETL has a Current ratio of 3.13. This is amongst the best in the industry. ETL outperforms 96.92% of its industry peers.
  • ETL has a Quick Ratio of 2.99. This indicates that ETL is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of ETL (2.99) is better than 96.92% of its industry peers.
Industry RankSector Rank
Current Ratio 3.13
Quick Ratio 2.99
ETL.PA Yearly Current Assets VS Current LiabilitesETL.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 59.42% over the past year.
  • ETL shows a decrease in Revenue. In the last year, the revenue decreased by -1.40%.
  • Measured over the past years, ETL shows a decrease in Revenue. The Revenue has been decreasing by -0.55% on average per year.
EPS 1Y (TTM)59.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70.97%
Revenue 1Y (TTM)-1.4%
Revenue growth 3Y2.6%
Revenue growth 5Y-0.55%
Sales Q2Q%-2.41%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.87% on average over the next years. This is quite good.
  • Based on estimates for the next years, ETL will show a small growth in Revenue. The Revenue will grow by 4.81% on average per year.
EPS Next Y62.12%
EPS Next 2Y30.84%
EPS Next 3Y19.34%
EPS Next 5Y14.87%
Revenue Next Year-0.97%
Revenue Next 2Y2.45%
Revenue Next 3Y3.61%
Revenue Next 5Y4.81%

3.3 Evolution

  • 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.
ETL.PA Yearly Revenue VS EstimatesETL.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B
ETL.PA Yearly EPS VS EstimatesETL.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2031 2032 2033 0 0.5 -0.5 1

1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for ETL. In the last year negative earnings were reported.
  • Also next year ETL is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
ETL.PA Price Earnings VS Forward Price EarningsETL.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

  • ETL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ETL is cheaper than 63.08% of the companies in the same industry.
  • 63.08% of the companies in the same industry are cheaper than ETL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 144.31
EV/EBITDA 5.3
ETL.PA Per share dataETL.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

  • A more expensive valuation may be justified as ETL's earnings are expected to grow with 19.34% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y30.84%
EPS Next 3Y19.34%

0

5. Dividend

5.1 Amount

  • ETL does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

EUTELSAT COMMUNICATIONS

EPA:ETL (2/27/2026, 1:18:43 PM)

2.278

-0.06 (-2.65%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)02-13
Earnings (Next)08-03
Inst Owners6.03%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap2.68B
Revenue(TTM)1.23B
Net Income(TTM)-445.20M
Analysts52
Price Target2.71 (18.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
Dividend Growth(5Y)-72%
DP0%
Div Incr Years0
Div Non Decr Years0
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)-10.33%
PT rev (3m)-28.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)9.16%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.38%
Revenue NY rev (3m)-1.06%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.18
P/FCF 144.31
P/OCF 5.13
P/B 0.7
P/tB 0.99
EV/EBITDA 5.3
EPS(TTM)-0.68
EYN/A
EPS(NY)-0.24
Fwd EYN/A
FCF(TTM)0.02
FCFY0.69%
OCF(TTM)0.44
OCFY19.49%
SpS1.04
BVpS3.24
TBVpS2.31
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -5.71%
ROE -11.67%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 91.66%
FCFM 1.51%
ROA(3y)-4.95%
ROA(5y)-1.77%
ROE(3y)-13.06%
ROE(5y)-4.53%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.65%
GM growth 5Y-1.06%
F-Score6
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 154.75
Debt/EBITDA 3.54
Cap/Depr 57.15%
Cap/Sales 41.05%
Interest Coverage N/A
Cash Conversion 69.72%
Profit Quality N/A
Current Ratio 3.13
Quick Ratio 2.99
Altman-Z 0.54
F-Score6
WACC5.9%
ROIC/WACCN/A
Cap/Depr(3y)40.45%
Cap/Depr(5y)38.76%
Cap/Sales(3y)29.07%
Cap/Sales(5y)23.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)59.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70.97%
EPS Next Y62.12%
EPS Next 2Y30.84%
EPS Next 3Y19.34%
EPS Next 5Y14.87%
Revenue 1Y (TTM)-1.4%
Revenue growth 3Y2.6%
Revenue growth 5Y-0.55%
Sales Q2Q%-2.41%
Revenue Next Year-0.97%
Revenue Next 2Y2.45%
Revenue Next 3Y3.61%
Revenue Next 5Y4.81%
EBIT growth 1Y48.76%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year237.17%
EBIT Next 3Y53.26%
EBIT Next 5Y31.35%
FCF growth 1Y-94.48%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-21.48%
OCF growth 3Y-21.66%
OCF growth 5Y-13.14%

EUTELSAT COMMUNICATIONS / ETL.PA FAQ

What is the ChartMill fundamental rating of EUTELSAT COMMUNICATIONS (ETL.PA) stock?

ChartMill assigns a fundamental rating of 3 / 10 to ETL.PA.


What is the valuation status for ETL stock?

ChartMill assigns a valuation rating of 1 / 10 to EUTELSAT COMMUNICATIONS (ETL.PA). This can be considered as Overvalued.


Can you provide the profitability details for EUTELSAT COMMUNICATIONS?

EUTELSAT COMMUNICATIONS (ETL.PA) has a profitability rating of 2 / 10.


Can you provide the expected EPS growth for ETL stock?

The Earnings per Share (EPS) of EUTELSAT COMMUNICATIONS (ETL.PA) is expected to grow by 62.12% in the next year.


Is the dividend of EUTELSAT COMMUNICATIONS sustainable?

The dividend rating of EUTELSAT COMMUNICATIONS (ETL.PA) is 0 / 10 and the dividend payout ratio is 0%.