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EUTELSAT COMMUNICATIONS (ETL.PA) Stock Fundamental Analysis

EPA:ETL - Euronext Paris - Matif - FR0010221234 - Common Stock - Currency: EUR

2.365  -0.02 (-1.05%)

Fundamental Rating

3

ETL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 68 industry peers in the Media industry. ETL may be in some trouble as it scores bad on both profitability and health. ETL has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

ETL had negative earnings in the past year.
In the past year ETL had a positive cash flow from operations.
Of the past 5 years ETL 4 years were profitable.
Each year in the past 5 years ETL had a positive operating cash flow.
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 0 200M -200M 400M 600M 800M 1B

1.2 Ratios

ETL has a worse Return On Assets (-13.01%) than 80.88% of its industry peers.
ETL has a Return On Equity of -33.16%. This is in the lower half of the industry: ETL underperforms 77.94% of its industry peers.
Industry RankSector Rank
ROA -13.01%
ROE -33.16%
ROIC N/A
ROA(3y)1.22%
ROA(5y)2.11%
ROE(3y)3.62%
ROE(5y)6.05%
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 0 5 -5 10

1.3 Margins

ETL has a better Gross Margin (89.01%) than 83.82% 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 89.01%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.34%
GM growth 5Y-0.93%
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 0 20 -20 40 60 80

3

2. Health

2.1 Basic Checks

ETL does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, ETL has more shares outstanding
Compared to 5 years ago, ETL has more shares outstanding
Compared to 1 year ago, ETL has an improved 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 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 2B 4B 6B 8B

2.2 Solvency

Based on the Altman-Z score of 0.14, we must say that ETL is in the distress zone and has some risk of bankruptcy.
ETL has a worse Altman-Z score (0.14) than 79.41% of its industry peers.
ETL has a debt to FCF ratio of 111.24. This is a negative value and a sign of low solvency as ETL would need 111.24 years to pay back of all of its debts.
ETL's Debt to FCF ratio of 111.24 is on the low side compared to the rest of the industry. ETL is outperformed by 64.71% of its industry peers.
ETL has a Debt/Equity ratio of 0.99. This is a neutral value indicating ETL is somewhat dependend on debt financing.
ETL's Debt to Equity ratio of 0.99 is in line compared to the rest of the industry. ETL outperforms 45.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.99
Debt/FCF 111.24
Altman-Z 0.14
ROIC/WACCN/A
WACC5.05%
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 1B 2B 3B

2.3 Liquidity

ETL has a Current Ratio of 1.36. This is a normal value and indicates that ETL is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of ETL (1.36) is better than 73.53% of its industry peers.
A Quick Ratio of 1.24 indicates that ETL should not have too much problems paying its short term obligations.
The Quick ratio of ETL (1.24) is better than 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.36
Quick Ratio 1.24
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 500M 1B 1.5B

3

3. Growth

3.1 Past

ETL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -158.35%.
ETL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.31%.
The Revenue has been decreasing by -1.69% on average over the past years.
EPS 1Y (TTM)-158.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)10.31%
Revenue growth 3Y-0.57%
Revenue growth 5Y-1.69%
Sales Q2Q%5.87%

3.2 Future

Based on estimates for the next years, ETL will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.00% on average per year.
Based on estimates for the next years, ETL will show a small growth in Revenue. The Revenue will grow by 4.85% on average per year.
EPS Next Y-102.33%
EPS Next 2Y3.34%
EPS Next 3Y17.39%
EPS Next 5Y9%
Revenue Next Year2.11%
Revenue Next 2Y4.87%
Revenue Next 3Y5.84%
Revenue Next 5Y4.85%

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 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 1.5

2

4. Valuation

4.1 Price/Earnings Ratio

ETL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for ETL. No positive earnings are expected for the next year.
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 88.24% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ETL is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 37.34
EV/EBITDA 3.13
ETL.PA Per share dataETL.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6

4.3 Compensation for Growth

A more expensive valuation may be justified as ETL's earnings are expected to grow with 17.39% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.34%
EPS Next 3Y17.39%

0

5. Dividend

5.1 Amount

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

EUTELSAT COMMUNICATIONS

EPA:ETL (6/13/2025, 11:05:08 AM)

2.365

-0.02 (-1.05%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)05-15 2025-05-15
Earnings (Next)08-05 2025-08-05/amc
Inst Owners32.89%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap1.12B
Analysts45
Price Target3.46 (46.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)-70.87%
DP-0.1%
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)0.93%
PT rev (3m)100.74%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-31.99%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.08%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.9
P/FCF 37.34
P/OCF 3.25
P/B 0.38
P/tB 0.64
EV/EBITDA 3.13
EPS(TTM)-2.09
EYN/A
EPS(NY)-0.36
Fwd EYN/A
FCF(TTM)0.06
FCFY2.68%
OCF(TTM)0.73
OCFY30.76%
SpS2.62
BVpS6.29
TBVpS3.7
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -13.01%
ROE -33.16%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 89.01%
FCFM 2.41%
ROA(3y)1.22%
ROA(5y)2.11%
ROE(3y)3.62%
ROE(5y)6.05%
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-1.34%
GM growth 5Y-0.93%
F-Score3
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.99
Debt/FCF 111.24
Debt/EBITDA 2.48
Cap/Depr 21.62%
Cap/Sales 25.32%
Interest Coverage N/A
Cash Conversion 28.78%
Profit Quality N/A
Current Ratio 1.36
Quick Ratio 1.24
Altman-Z 0.14
F-Score3
WACC5.05%
ROIC/WACCN/A
Cap/Depr(3y)44.05%
Cap/Depr(5y)41.41%
Cap/Sales(3y)23.78%
Cap/Sales(5y)20.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-158.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y-102.33%
EPS Next 2Y3.34%
EPS Next 3Y17.39%
EPS Next 5Y9%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y-0.57%
Revenue growth 5Y-1.69%
Sales Q2Q%5.87%
Revenue Next Year2.11%
Revenue Next 2Y4.87%
Revenue Next 3Y5.84%
Revenue Next 5Y4.85%
EBIT growth 1Y-185.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1277.55%
EBIT Next 3Y150.47%
EBIT Next 5Y77.94%
FCF growth 1Y-94.33%
FCF growth 3Y-60.86%
FCF growth 5Y-41.87%
OCF growth 1Y-56.31%
OCF growth 3Y-17.15%
OCF growth 5Y-9.83%