Eltel
7.76 SEK +4.02%15 investors are following this company
Eltel is a service provider for communication and power networks. Operations are conducted in the Nordic countries, Poland, Germany and Lithuania within country-based organizations. Within Power, Eltel provides maintenance of power grids, upgrades and project work to national transmission system operators and distribution network owners. Within Communication, Eltel provides similar services to telecom operators and other owners of communication networks. The head office is located in Sweden.
P/E (24e)
-23.75
EV/EBIT (adj.) (24e)
20.58
P/B (24e)
0.57
Dividend yield-% (24e)
-
Target price
7.20 SEK
Recommendation
Reduce
Updated
29.5.2024
NASDAQ Stockholm
ELTEL
Daily low / high price
7.46 / 7.76
SEK
Market cap
1.25B SEK
Turnover
141.38K SEK
Volume
19K
Business risk
Valuation risk
Current
Previous
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Financial calendar
Interim report
2024-07-25
Interim report
2024-10-31
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Triton | 16.0 % | 16.4 % |
Wipunen varainhallinta Oy | 14.0 % | 14.3 % |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 938.0 | 812.6 | 823.6 | 850.2 | 832.7 | 860.9 | 895.5 | 921.8 |
growth-% | -13.8 % | -13.4 % | 1.4 % | 3.2 % | -2.1 % | 3.4 % | 4.0 % | 2.9 % |
EBITDA | 63.0 | 46.5 | 27.8 | 24.8 | 18.6 | 50.5 | 54.6 | 58.6 |
EBIT (adj.) | 11.4 | 14.8 | -1.9 | 1.7 | 11.7 | 20.4 | 25.2 | 29.4 |
EBIT | 24.8 | 14.5 | -2.0 | -5.3 | -11.5 | 20.4 | 25.2 | 29.4 |
Profit before taxes | 15.0 | 8.7 | -11.4 | -18.0 | -23.2 | 10.2 | 15.2 | 19.4 |
Net income | 4.7 | 4.3 | -15.0 | -10.4 | -27.7 | 4.6 | 10.3 | 15.3 |
EPS (adj.) | -0.06 | 0.03 | -0.10 | -0.02 | -0.03 | 0.03 | 0.07 | 0.10 |
growth-% | -424.4 % | 124.0 % | 48.6 % | |||||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Dividend ratio |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 6.7 % | 5.7 % | 3.4 % | 2.9 % | 2.2 % | 5.9 % | 6.1 % | 6.4 % |
EBIT-% (adj.) | 1.2 % | 1.8 % | -0.2 % | 0.2 % | 1.4 % | 2.4 % | 2.8 % | 3.2 % |
EBIT-% | 2.6 % | 1.8 % | -0.2 % | -0.6 % | -1.4 % | 2.4 % | 2.8 % | 3.2 % |
ROE | 2.2 % | 2.0 % | -7.1 % | -5.0 % | -13.7 % | 2.4 % | 5.6 % | 8.3 % |
ROI | 5.8 % | 3.9 % | -0.5 % | -1.4 % | -3.4 % | 6.1 % | 7.6 % | 8.9 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 2.23 | 1.51 | 0.75 | 0.60 | 0.68 | 0.68 | 0.68 | 0.68 |
Shares | 156.6 | 156.6 | 156.7 | 156.7 | 156.7 | 156.7 | 156.7 | 156.7 |
Market cap | 349.3 | 236.5 | 117.6 | 94.0 | 107.0 | 107.0 | 107.0 | 107.0 |
Enterprise value | 473.9 | 358.3 | 242.6 | 219.2 | 241.8 | 233.9 | 221.2 | 204.7 |
EV/S | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 |
EV/EBITDA | 7.5 | 7.7 | 8.7 | 8.9 | 13.0 | 4.6 | 4.1 | 3.5 |
EV/EBIT (adj.) | 41.6 | 24.2 | - | 132.9 | 20.6 | 11.5 | 8.8 | 7.0 |
EV/EBIT | 19.1 | 24.7 | - | - | - | 11.5 | 8.8 | 7.0 |
P/E (adj.) | - | 51.5 | - | - | - | 23.2 | 10.4 | 7.0 |
P/E | 74.3 | 55.1 | - | - | - | 23.2 | 10.4 | 7.0 |
P/B | 1.7 | 1.1 | 0.6 | 0.4 | 0.6 | 0.6 | 0.6 | 0.6 |
P/S | 0.4 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividend yield | ||||||||
Equity ratio | 34.0 % | 38.3 % | 37.0 % | 39.6 % | 37.0 % | 37.5 % | 34.2 % | 36.6 % |
Gearing ratio | 56.8 % | 53.4 % | 59.2 % | 44.8 % | 56.0 % | 50.8 % | 61.4 % | 48.5 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 208.1 | 213.4 | 240.3 | 850.2 | 176.3 | 210.6 | 209.4 | 236.5 | 832.7 |
EBITDA | 5.6 | 12.7 | 10.3 | 24.8 | -19.6 | 10.2 | 15.2 | 12.9 | 18.6 |
EBIT | -1.5 | 5.0 | 2.9 | -5.3 | -27.2 | 2.7 | 7.7 | 5.4 | -11.5 |
Profit before taxes | -4.6 | 1.9 | -0.8 | -18.0 | -30.2 | -0.5 | 5.0 | 2.6 | -23.2 |
Net income | -5.3 | 0.7 | 9.3 | -10.4 | -31.3 | -1.4 | 3.7 | 1.3 | -27.7 |
ShowingAll content types
ELTEL: Inbjudan till Eltels presentation av halvårsrapport för 2024
![Eltel, Webcast with teleconference, Q2'24](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/e4cadfae-5ddd-47be-8c32-c24de8072da6.png)
Eltel, Webcast with teleconference, Q2'24
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Eltel renewed its frame agreement with Elisa in Finland
ELTEL: Eltel och Elisa förnyar viktigt ramavtal i Finland
ELTEL: Eltel and Elisa renews important frame agreement in Finland
Eltel signs a three-year frame agreement with Telenor
ELTEL: Eltel signs a three-year telecom frame agreement with Telenor in Norway
ELTEL: Eltel signs a three-year telecom frame agreement with Telenor in Norway
Eltel finalized the divestment of High Voltage Poland
ELTEL: Divestment of High Voltage Poland finalized
ELTEL: Avyttringen av High Voltage-verksamheten i Polen är slutförd
![Eltel: Power and communication networks in the Nordics](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/c3272873-c95e-4566-88c2-ceebe6a066a4.png)
Eltel: Power and communication networks in the Nordics
![Eltel initiation of coverage: Green transition enabler seeking a turnaround](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/4e1d81e3-ae3d-454e-aa43-9e23b13fa9e5.png)
Eltel initiation of coverage: Green transition enabler seeking a turnaround
ELTEL: Resolutions by Eltel AB's Annual General Meeting 2024
ELTEL: Beslut vid Eltel AB:s årsstämma 2024
ELTEL: Eltel och FMV tecknar nytt ramavtal - uppskattat värde 240 miljoner kronor
![Eltel Q1´24: Focus on strategy implementation & profitability](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/44254a85-b65a-406f-9dd1-bec92830811d.png)
Eltel Q1´24: Focus on strategy implementation & profitability
![Eltel, Webcast with teleconference, Q1, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/1113a815-a4a5-42d0-b533-321927e132ed.png)