ELI Stock Analysis: Elia SA/NV | BR
Utilities - Regulated Electric | BR, Belgium | Market Cap: 15.161m EUR | 12M Return: 31.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.02M
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Elia Group SA/NV is a Belgian-based transmission system operator (TSO) that develops and operates high-voltage electricity grids in Belgium and Germany. The company provides electricity transmission solutions, engages in the generation, import, and export of electricity, and offers engineering consultancy services. Founded in 1937 and headquartered in Brussels, Elia Group operates within the Utilities sector and is classified as a large-cap stock.
As a transmission system operator, Elia Group plays a critical role in maintaining grid stability and facilitating cross-border electricity flows in Europe. TSOs typically operate under regulated frameworks, with revenues largely determined by allowed returns set by national regulators, which distinguishes them from competitive electricity generators and retailers.
- Belgian regulator tightens tariff methodology, pressures allowed equity return
- Offshore wind connections drive Elias multi-year capex pipeline
- Rising rates inflate financing costs on leveraged grid expansion debt
| Net Income: 443.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.07 > 0.02 and ΔFCF/TA 6.46 > 1.0 |
| NWC/Revenue: 31.28% < 20% (prev -9.27%; Δ 40.55% < -1%) |
| CFO/TA 0.07 > 3% & CFO 2.12b > Net Income 443.9m |
| Net Debt (14.2b) to EBITDA (1.77b): 8.06 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (107.9m) vs 12m ago 46.75% < -2% |
| Gross Margin: 38.62% > 18% (prev 44.39%; Δ -5.77% > 0.5%) |
| Asset Turnover: 11.76% > 50% (prev 15.11%; Δ -3.35% > 0%) |
| Interest Coverage Ratio: 3.33 > 6 (EBIT TTM 1.19b / Interest Expense TTM 357.8m) |
| A: 0.03 (Total Current Assets 5.93b - Total Current Liabilities 4.88b) / Total Assets 32.1b |
| B: 0.08 (Retained Earnings 2.68b / Total Assets 32.1b) |
| C: 0.04 (EBIT TTM 1.19b / Avg Total Assets 28.5b) |
| D: 0.32 (Book Value of Equity 7.63b / Total Liabilities 23.7b) |
| Altman-Z'' = 1.10 = BB |
| DSRI: 1.25 (Receivables 1.32b/1.18b, Revenue 3.36b/3.77b) |
| GMI: 1.15 (GM 44.39% / 38.62%) |
| AQI: 0.86 (AQ_t 0.13 / AQ_t-1 0.15) |
| SGI: 0.89 (Revenue 3.36b / 3.77b) |
| TATA: -0.05 (NI 443.9m - CFO 2.12b) / TA 32.1b) |
| Beneish M = -2.85 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at EUR 136.00 with a total of 79,125 shares traded. Over the past week, the price has changed by -2.23%, over one month by -2.44%, over three months by -0.95% and over the past year by +31.75%.
Current recommended Stop Loss: 132.50 (which is 2.6% or 1.3 ATR below the current price).
Elia SA/NV has no consensus analysts rating.
P/E Trailing = 25.2087
P/E Forward = 20.4082
P/S = 3.1613
P/B = 1.8602
P/EG = 2.8153
Revenue TTM = 3.36b EUR
EBIT TTM = 1.19b EUR
EBITDA TTM = 1.77b EUR
Long Term Debt = 16.8b EUR (from longTermDebt, last quarter)
Short Term Debt = 861.5m EUR (from shortTermDebt, last quarter)
Debt = 18.4b EUR (from shortLongTermDebtTotal, last quarter) + Leases 83.4m
Net Debt = 14.2b EUR (calculated: Debt 18.4b - CCE 4.14b)
Enterprise Value = 29.4b EUR (15.2b + Debt 18.4b - CCE 4.14b)
Interest Coverage Ratio = 3.33 (Ebit TTM 1.19b / Interest Expense TTM 357.8m)
EV/FCF = -12.22x (Enterprise Value 29.4b / FCF TTM -2.41b)
FCF Yield = -8.18% (FCF TTM -2.41b / Enterprise Value 29.4b)
FCF Margin = -71.67% (FCF TTM -2.41b / Revenue TTM 3.36b)
Net Margin = 13.23% (Net Income TTM 443.9m / Revenue TTM 3.36b)
Gross Margin = 38.62% ((Revenue TTM 3.36b - Cost of Revenue TTM 2.06b) / Revenue TTM)
Gross Margin QoQ = 29.10% (prev 58.51%)
Tobins Q-Ratio = 0.91 (Enterprise Value 29.4b / Total Assets 32.1b)
Interest Expense / Debt = 1.95% (Interest Expense 357.8m / Debt 18.4b)
Taxrate = 18.43% (117.5m / 637.9m)
NOPAT = 970.6m (EBIT 1.19b * (1 - 18.43%))
Current Ratio = 1.22 (Total Current Assets 5.93b / Total Current Liabilities 4.88b)
Debt / Equity = 2.41 (Debt 18.4b / totalStockholderEquity, last quarter 7.63b)
Debt / EBITDA = 8.06 (Net Debt 14.2b / EBITDA 1.77b)
Debt / FCF = -5.92 (negative FCF - burning cash) (Net Debt 14.2b / FCF TTM -2.41b)
Total Stockholder Equity = 6.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.56% (Net Income 443.9m / Total Assets 32.1b)
RoE = 6.76% (Net Income TTM 443.9m / Total Stockholder Equity 6.56b)
RoCE = 5.08% (EBIT 1.19b / Capital Employed (Equity 6.56b + L.T.Debt 16.8b))
RoIC = 3.47% (NOPAT 970.6m / Invested Capital 28.0b)
WACC = 3.07% (E(15.2b)/V(33.5b) * Re(4.86%) + D(18.4b)/V(33.5b) * Rd(1.95%) * (1-Tc(0.18)))
Discount Rate = 4.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 77.92 | Cagr: 22.01%
[DCF] Fair Price = unknown (Cash Flow -2.41b)
EPS Correlation: 60.34 | EPS CAGR: 33.01% | SUE: N/A | # QB: 0
Revenue Correlation: -82.76 | Revenue CAGR: -8.77% | SUE: -0.53 | # QB: 0
EPS current Year (2026-12-31): EPS=6.59 | Chg30d=+0.37% | Revisions=+40% | GrowthEPS=+18.5% | GrowthRev=+25.7%
EPS next Year (2027-12-31): EPS=7.25 | Chg30d=+0.60% | Revisions=+0% | GrowthEPS=+10.1% | GrowthRev=+17.4%
[Analyst] Revisions Ratio: +29% (up=3, down=1)