EUTELSAT COMMUNICATIONS (ETL.PA)
FR0010221234 - Common Stock
We assign a fundamental rating of 5 out of 10 to ETL. ETL was compared to 64 industry peers in the Media industry. ETL scores excellent on profitability, but there are some minor concerns on its financial health. ETL has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year ETL was profitable.
ETL had a positive operating cash flow in the past year.
Each year in the past 5 years ETL has been profitable.
In the past 5 years ETL always reported a positive cash flow from operatings.
1.2 Ratios
ETL's Return On Assets of 0.81% is in line compared to the rest of the industry. ETL outperforms 42.62% of its industry peers.
Looking at the Return On Equity, with a value of 1.77%, ETL is in line with its industry, outperforming 44.26% of the companies in the same industry.
ETL has a Return On Invested Capital of 3.27%. This is comparable to the rest of the industry: ETL outperforms 49.18% of its industry peers.
ETL had an Average Return On Invested Capital over the past 3 years of 6.69%. This is in line with the industry average of 6.64%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 1.77% | ||
| ROIC | 3.27% |
ROA(3y)3.41%
ROA(5y)3.65%
ROE(3y)9.03%
ROE(5y)10.19%
ROIC(3y)6.69%
ROIC(5y)6.68%
1.3 Margins
The Profit Margin of ETL (6.34%) is better than 72.13% of its industry peers.
ETL's Profit Margin has improved in the last couple of years.
ETL has a better Operating Margin (26.78%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of ETL has grown nicely.
ETL's Gross Margin of 94.58% is amongst the best of the industry. ETL outperforms 90.16% of its industry peers.
ETL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.78% | ||
| PM (TTM) | 6.34% | ||
| GM | 94.58% |
OM growth 3Y19.21%
OM growth 5Y10.14%
PM growth 3Y6.14%
PM growth 5Y5.83%
GM growth 3Y-0.38%
GM growth 5Y0.32%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ETL is still creating some value.
ETL has more shares outstanding than it did 1 year ago.
ETL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ETL has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.63, we must say that ETL is in the distress zone and has some risk of bankruptcy.
ETL's Altman-Z score of 0.63 is on the low side compared to the rest of the industry. ETL is outperformed by 78.69% of its industry peers.
The Debt to FCF ratio of ETL is 10.40, which is on the high side as it means it would take ETL, 10.40 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 10.40, ETL perfoms like the industry average, outperforming 44.26% of the companies in the same industry.
ETL has a Debt/Equity ratio of 0.82. This is a neutral value indicating ETL is somewhat dependend on debt financing.
ETL has a Debt to Equity ratio (0.82) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 10.4 | ||
| Altman-Z | 0.63 |
ROIC/WACC0.78
WACC4.21%
2.3 Liquidity
A Current Ratio of 1.81 indicates that ETL should not have too much problems paying its short term obligations.
ETL's Current ratio of 1.81 is amongst the best of the industry. ETL outperforms 88.52% of its industry peers.
A Quick Ratio of 1.69 indicates that ETL should not have too much problems paying its short term obligations.
ETL has a better Quick ratio (1.69) than 86.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 26.45% over the past year.
The Earnings Per Share has been growing slightly by 0.27% on average over the past years.
Looking at the last year, ETL shows a decrease in Revenue. The Revenue has decreased by -2.00% in the last year.
Measured over the past years, ETL shows a decrease in Revenue. The Revenue has been decreasing by -4.04% on average per year.
EPS 1Y (TTM)26.45%
EPS 3Y-0.34%
EPS 5Y0.27%
EPS growth Q2QN/A
Revenue 1Y (TTM)-2%
Revenue growth 3Y-3.99%
Revenue growth 5Y-4.04%
Revenue growth Q2Q-0.21%
3.2 Future
The Earnings Per Share is expected to grow by 20.97% on average over the next years. This is a very strong growth
ETL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.44% yearly.
EPS Next Y-130.69%
EPS Next 2Y-44.99%
EPS Next 3Y-26.72%
EPS Next 5Y20.97%
Revenue Next Year9.67%
Revenue Next 2Y11.12%
Revenue Next 3Y10.33%
Revenue Next 5Y-2.44%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ETL is valuated cheaply with a Price/Earnings ratio of 2.99.
Based on the Price/Earnings ratio, ETL is valued cheaper than 93.44% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.25. ETL is valued rather cheaply when compared to this.
The Forward Price/Earnings Ratio is negative for ETL. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.99 | ||
| Fwd PE | N/A |
4.2 Price Multiples
75.41% of the companies in the same industry are more expensive than ETL, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ETL indicates a somewhat cheap valuation: ETL is cheaper than 78.69% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.35 | ||
| EV/EBITDA | 4.2 |
4.3 Compensation for Growth
The decent profitability rating of ETL may justify a higher PE ratio.
ETL's earnings are expected to decrease with -26.72% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)11.05
EPS Next 2Y-44.99%
EPS Next 3Y-26.72%
5. Dividend
5.1 Amount
No dividends for ETL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
EUTELSAT COMMUNICATIONS
EPA:ETL (4/24/2024, 7:00:00 PM)
3.796
+0.05 (+1.23%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.80B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.99 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)11.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 1.77% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 26.78% | ||
| PM (TTM) | 6.34% | ||
| GM | 94.58% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.69 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)26.45%
EPS 3Y-0.34%
EPS 5Y
EPS growth Q2Q
EPS Next Y-130.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2%
Revenue growth 3Y-3.99%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y