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EUTELSAT COMMUNICATIONS (ETL.PA) Stock Fundamental Analysis

EPA:ETL - FR0010221234 - Common Stock

3.085 EUR
+0.04 (+1.48%)
Last: 8/27/2025, 12:14:52 PM
Fundamental Rating

2

ETL gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 62 industry peers in the Media industry. Both the profitability and financial health of ETL have multiple concerns. ETL has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B

1.2 Ratios

ETL has a worse Return On Assets (-15.46%) than 80.65% of its industry peers.
The Return On Equity of ETL (-41.71%) is worse than 77.42% of its industry peers.
Industry RankSector Rank
ROA -15.46%
ROE -41.71%
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 2015 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 90.58%. This is amongst the best in the industry. ETL outperforms 82.26% of its industry peers.
In the last couple of years the Gross Margin of ETL has remained more or less at the same level.
ETL does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 90.58%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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2

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.
Compared to 1 year ago, ETL has a worse debt to assets ratio.
ETL.PA Yearly Shares OutstandingETL.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
ETL.PA Yearly Total Debt VS Total AssetsETL.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

ETL has an Altman-Z score of 0.19. This is a bad value and indicates that ETL is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.19, ETL is not doing good in the industry: 75.81% of the companies in the same industry are doing better.
ETL has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
ETL has a Debt to Equity ratio of 1.02. This is comparable to the rest of the industry: ETL outperforms 43.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF N/A
Altman-Z 0.19
ROIC/WACCN/A
WACC5.36%
ETL.PA Yearly LT Debt VS Equity VS FCFETL.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.38 indicates that ETL should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.38, ETL is in the better half of the industry, outperforming 72.58% of the companies in the same industry.
A Quick Ratio of 1.28 indicates that ETL should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.28, ETL is doing good in the industry, outperforming 75.81% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.38
Quick Ratio 1.28
ETL.PA Yearly Current Assets VS Current LiabilitesETL.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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3

3. Growth

3.1 Past

ETL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -207.49%.
The Revenue has been growing slightly by 2.53% in the past year.
The Revenue has been decreasing by -0.55% on average over the past years.
EPS 1Y (TTM)-207.49%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-75.98%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y2.6%
Revenue growth 5Y-0.55%
Sales Q2Q%-0.45%

3.2 Future

ETL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.39% yearly.
ETL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.48% yearly.
EPS Next Y64.3%
EPS Next 2Y32.54%
EPS Next 3Y20.23%
EPS Next 5Y16.39%
Revenue Next Year0.08%
Revenue Next 2Y2.49%
Revenue Next 3Y4.41%
Revenue Next 5Y5.48%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ETL.PA Yearly Revenue VS EstimatesETL.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B
ETL.PA Yearly EPS VS EstimatesETL.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 0.5 -0.5 1 -1 1.5

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1

4. Valuation

4.1 Price/Earnings Ratio

ETL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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 10 20

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ETL is valued cheaply inside the industry as 91.94% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.82
ETL.PA Per share dataETL.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4

4.3 Compensation for Growth

A more expensive valuation may be justified as ETL's earnings are expected to grow with 20.23% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.54%
EPS Next 3Y20.23%

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0

5. Dividend

5.1 Amount

ETL does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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EUTELSAT COMMUNICATIONS

EPA:ETL (8/27/2025, 12:14:52 PM)

3.085

+0.04 (+1.48%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)08-05 2025-08-05/amc
Earnings (Next)02-12 2026-02-12
Inst Owners30.77%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap1.47B
Analysts48.75
Price Target3.74 (21.23%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)-70.87%
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)9.95%
PT rev (3m)9.12%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.32%
EPS NY rev (3m)-6.32%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-9.21%
Revenue NY rev (3m)-9.21%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.18
P/FCF N/A
P/OCF 3.81
P/B 0.57
P/tB 0.95
EV/EBITDA 2.82
EPS(TTM)-2.28
EYN/A
EPS(NY)-0.39
Fwd EYN/A
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)0.81
OCFY26.27%
SpS2.62
BVpS5.46
TBVpS3.26
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -15.46%
ROE -41.71%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 90.58%
FCFM 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg 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-Score3
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF N/A
Debt/EBITDA 1.89
Cap/Depr 25.16%
Cap/Sales 31.25%
Interest Coverage N/A
Cash Conversion 27.4%
Profit Quality N/A
Current Ratio 1.38
Quick Ratio 1.28
Altman-Z 0.19
F-Score3
WACC5.36%
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)-207.49%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-75.98%
EPS Next Y64.3%
EPS Next 2Y32.54%
EPS Next 3Y20.23%
EPS Next 5Y16.39%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y2.6%
Revenue growth 5Y-0.55%
Sales Q2Q%-0.45%
Revenue Next Year0.08%
Revenue Next 2Y2.49%
Revenue Next 3Y4.41%
Revenue Next 5Y5.48%
EBIT growth 1Y48.08%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year322.96%
EBIT Next 3Y61.49%
EBIT Next 5Y36.79%
FCF growth 1Y-108.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-23.82%
OCF growth 3Y-21.66%
OCF growth 5Y-13.14%