EUTELSAT COMMUNICATIONS (ETL.PA)
FR0010221234 - Common Stock
We assign a fundamental rating of 4 out of 10 to ETL. ETL was compared to 65 industry peers in the Media industry. ETL has an average financial health and profitability rating. ETL has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
ETL had positive earnings in the past year.
ETL had a positive operating cash flow in the past year.
In the past 5 years ETL has always been profitable.
Each year in the past 5 years ETL had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ETL (0.81%) is worse than 65.08% of its industry peers.
ETL has a worse Return On Equity (1.77%) than 61.90% of its industry peers.
The Return On Invested Capital of ETL (3.27%) is comparable to the rest of the industry.
ETL had an Average Return On Invested Capital over the past 3 years of 6.69%. This is below the industry average of 9.78%.
| 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
Looking at the Profit Margin, with a value of 6.34%, ETL is in the better half of the industry, outperforming 65.08% of the companies in the same industry.
In the last couple of years the Profit Margin of ETL has grown nicely.
Looking at the Operating Margin, with a value of 26.78%, ETL belongs to the top of the industry, outperforming 96.83% of the companies in the same industry.
ETL's Operating Margin has improved in the last couple of years.
ETL's Gross Margin of 94.58% is amongst the best of the industry. ETL outperforms 88.89% of its industry peers.
In the last couple of years the Gross Margin of ETL has remained more or less at the same level.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ETL is 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 0.70, we must say that ETL is in the distress zone and has some risk of bankruptcy.
ETL has a Altman-Z score of 0.70. This is in the lower half of the industry: ETL underperforms 76.19% 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.
ETL's Debt to FCF ratio of 10.40 is in line compared to the rest of the industry. ETL outperforms 44.44% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that ETL is somewhat dependend on debt financing.
ETL has a Debt to Equity ratio (0.82) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 10.4 | ||
| Altman-Z | 0.7 |
ROIC/WACC0.66
WACC4.98%
2.3 Liquidity
A Current Ratio of 1.81 indicates that ETL should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.81, ETL belongs to the best of the industry, outperforming 84.13% of the companies in the same industry.
ETL has a Quick Ratio of 1.69. This is a normal value and indicates that ETL is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.69, ETL belongs to the top of the industry, outperforming 80.95% of the companies in the same industry.
| 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.
Measured over the past 5 years, ETL shows a small growth in Earnings Per Share. The EPS has been growing by 0.27% on average per year.
Looking at the last year, ETL shows a decrease in Revenue. The Revenue has decreased by -2.00% in the last year.
ETL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.04% yearly.
EPS 1Y (TTM)26.45%
EPS 3Y-0.34%
EPS 5Y0.27%
EPS Q2Q%N/A
Revenue 1Y (TTM)-2%
Revenue growth 3Y-3.99%
Revenue growth 5Y-4.04%
Sales Q2Q%-0.21%
3.2 Future
ETL is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.71% yearly.
ETL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.42% yearly.
EPS Next Y-131.2%
EPS Next 2Y-45.27%
EPS Next 3Y-26.48%
EPS Next 5Y-23.71%
Revenue Next Year9.32%
Revenue Next 2Y11.2%
Revenue Next 3Y10.69%
Revenue Next 5Y10.42%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 3.86, the valuation of ETL can be described as very cheap.
ETL's Price/Earnings ratio is rather cheap when compared to the industry. ETL is cheaper than 93.65% of the companies in the same industry.
ETL is valuated cheaply when we compare the Price/Earnings ratio to 24.41, which is the current average of the S&P500 Index.
ETL is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.86 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ETL is valued a bit cheaper than the industry average as 69.84% of the companies are valued more expensively.
ETL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ETL is cheaper than 63.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.9 | ||
| EV/EBITDA | 4.73 |
4.3 Compensation for Growth
ETL has a very decent profitability rating, which may justify a higher PE ratio.
ETL's earnings are expected to decrease with -26.48% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)14.26
EPS Next 2Y-45.27%
EPS Next 3Y-26.48%
5. Dividend
5.1 Amount
ETL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
EUTELSAT COMMUNICATIONS
EPA:ETL (7/26/2024, 7:00:00 PM)
4.9
+0.02 (+0.41%)
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 Cap2.33B
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 | 3.86 | ||
| 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)14.26
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)
High Growth Momentum
Growth
EPS 1Y (TTM)26.45%
EPS 3Y-0.34%
EPS 5Y
EPS Q2Q%
EPS Next Y-131.2%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2%
Revenue growth 3Y-3.99%
Revenue growth 5Y
Sales 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