Elisa
43.22
EUR
+0.05 %
ELISA
NASDAQ Helsinki
Telecommunications
Technology
12,427 following
+0.05%
-1.5%
-7.17%
-1.37%
+1.69%
+3.22%
+3.1%
-19.37%
-12.53%
+109.91%
elisa.fi/yhtiotieto
Elisa is active in the telecom industry. The company offers services within communication with a focus on solutions that involve fixed telephony, mobile, and internet services. The customers are found among private individuals, corporate customers, and public organizations. The largest activity is in the Finnish and Baltic markets. In addition to the main business, the company also offers various digitization services, mainly to its larger corporate customers.
P/E (adj.) (24e)
18.06
EV/EBIT (adj.) (24e)
16.15
P/B (24e)
5.32
Dividend yield-% (24e)
5.28 %
Target price
48.00 EUR
Recommendation
Reduce
Updated
20.10.2024
NASDAQ Helsinki
ELISA
Daily low / high price
43.02 / 43.4
EUR
Market cap
7.23B EUR
Turnover
8.5M EUR
Volume
197K
Business risk
Valuation risk
Current
Previous
Analyst
Joni Grönqvist
Analyst
Financial calendar
Annual report
2025-01-31
Interim report
2025-04-17
Interim report
2025-07-15
Interim report
2025-10-23
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 1,894.6 | 1,998.0 | 2,129.5 | 2,180.5 | 2,179.5 | 2,227.2 | 2,279.8 | 2,336.8 |
growth-% | 2.8 % | 5.5 % | 6.6 % | 2.4 % | -0.0 % | 2.2 % | 2.4 % | 2.5 % |
EBITDA | 685.3 | 697.4 | 733.2 | 755.9 | 775.6 | 802.8 | 827.2 | 851.6 |
EBIT (adj.) | 415.0 | 439.3 | 471.8 | 487.8 | 510.9 | 528.8 | 559.5 | 581.2 |
EBIT | 409.0 | 430.8 | 469.8 | 481.8 | 500.6 | 528.8 | 559.5 | 581.2 |
Profit before taxes | 398.4 | 418.4 | 456.0 | 458.1 | 465.1 | 490.5 | 520.8 | 543.9 |
Net income | 328.2 | 343.5 | 372.8 | 374.0 | 373.6 | 399.8 | 424.5 | 443.3 |
EPS (adj.) | 2.05 | 2.20 | 2.34 | 2.37 | 2.39 | 2.49 | 2.65 | 2.76 |
growth-% | 5.7 % | 7.2 % | 6.4 % | 1.3 % | 1.0 % | 4.2 % | 6.2 % | 4.4 % |
Dividend | 1.95 | 2.05 | 2.15 | 2.25 | 2.28 | 2.32 | 2.34 | 2.40 |
Dividend ratio | 95.1 % | 95.6 % | 92.4 % | 96.5 % | 97.9 % | 93.1 % | 88.4 % | 86.8 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 36.2 % | 34.9 % | 34.4 % | 34.7 % | 35.6 % | 36.0 % | 36.3 % | 36.4 % |
EBIT-% (adj.) | 21.9 % | 22.0 % | 22.2 % | 22.4 % | 23.4 % | 23.7 % | 24.5 % | 24.9 % |
EBIT-% | 21.6 % | 21.6 % | 22.1 % | 22.1 % | 23.0 % | 23.7 % | 24.5 % | 24.9 % |
ROE | 28.1 % | 28.9 % | 30.5 % | 29.5 % | 28.8 % | 30.3 % | 31.1 % | 31.1 % |
ROI | 16.5 % | 16.8 % | 18.3 % | 18.3 % | 18.8 % | 19.7 % | 20.8 % | 21.4 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 44.87 | 54.12 | 49.46 | 41.87 | 43.22 | 43.22 | 43.22 | 43.22 |
Shares | 160.1 | 160.2 | 160.3 | 160.4 | 160.4 | 160.4 | 160.4 | 160.4 |
Market cap | 7,182.9 | 8,668.9 | 7,926.4 | 6,715.4 | 6,932.0 | 6,932.0 | 6,932.0 | 6,932.0 |
Enterprise value | 8,342.7 | 9,900.2 | 9,217.2 | 8,027.9 | 8,250.8 | 8,223.2 | 8,187.0 | 8,135.6 |
EV/S | 4.4 | 5.0 | 4.3 | 3.7 | 3.8 | 3.7 | 3.6 | 3.5 |
EV/EBITDA | 12.2 | 14.2 | 12.6 | 10.6 | 10.6 | 10.2 | 9.9 | 9.6 |
EV/EBIT (adj.) | 20.1 | 22.5 | 19.5 | 16.5 | 16.1 | 15.5 | 14.6 | 14.0 |
EV/EBIT | 20.4 | 23.0 | 19.6 | 16.7 | 16.5 | 15.5 | 14.6 | 14.0 |
P/E (adj.) | 21.9 | 24.6 | 21.1 | 17.7 | 18.1 | 17.3 | 16.3 | 15.6 |
P/E | 21.9 | 25.2 | 21.3 | 18.0 | 18.6 | 17.3 | 16.3 | 15.6 |
P/B | 6.1 | 7.2 | 6.4 | 5.2 | 5.3 | 5.2 | 5.0 | 4.8 |
P/S | 3.8 | 4.3 | 3.7 | 3.1 | 3.2 | 3.1 | 3.0 | 3.0 |
Dividend yield | 4.4 % | 3.8 % | 4.4 % | 5.4 % | 5.3 % | 5.4 % | 5.4 % | 5.6 % |
Equity ratio | 38.9 % | 39.8 % | 40.4 % | 41.4 % | 41.5 % | 42.4 % | 43.7 % | 45.4 % |
Gearing ratio | 101.9 % | 101.2 % | 101.9 % | 100.8 % | 101.3 % | 96.6 % | 90.4 % | 82.7 % |
Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 563.5 | 2,180.5 | 534.5 | 541.4 | 535.9 | 567.7 | 2,179.5 | 543.7 | 553.2 |
EBITDA | 191.3 | 755.9 | 179.8 | 189.9 | 205.8 | 200.1 | 775.6 | 194.0 | 195.7 |
EBIT | 117.8 | 481.8 | 111.6 | 121.4 | 136.0 | 131.6 | 500.6 | 125.5 | 127.2 |
Profit before taxes | 110.5 | 458.1 | 104.0 | 113.7 | 125.5 | 121.9 | 465.1 | 115.5 | 117.4 |
Net income | 92.8 | 374.0 | 82.6 | 91.4 | 100.2 | 99.4 | 373.6 | 94.1 | 95.6 |
ShowingAll content types
Elisa Oyj, Q3'24
Elisa Oyj: Changes in Elisa's Executive Board
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