ELISA Stock Analysis: Elisa | HE
Telecom Services | HE, Finland | Market Cap: 5.524m EUR | 12M Return: -18.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 16.6M
EPS Trend: -12.8%
Qual. Beats: 0
Rev. Trend: 92.5%
Qual. Beats: -2
Warnings
Tailwinds
No distinct edge detected
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.
Elisa Oyj is a Finnish telecommunications and ICT company operating across two segments: Consumer Customers and Corporate Customers. Its core offerings include fixed and mobile subscriptions, cable TV, digital and entertainment services, as well as IT and communication solutions for businesses. Beyond traditional connectivity, the company has expanded into industrial software through its Elisa IndustrIQ brand, which supplies supply chain management, MES, automation, network analytics, and supplier collaboration tools, and into the energy sector with AI-based flexibility optimization and home battery storage products. Elisa primarily serves customers in Finland, with additional operations in the rest of Europe and internationally, and was founded in 1882, headquartered in Helsinki.
- Mobile subscription ARPU growth lifts Consumer segment revenue
- Corporate ICT and IndustrIQ software accelerate enterprise revenue mix
- Heavy 5G and fiber capex pressures near-term operating margins
| Net Income: 342.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 0.27 > 1.0 |
| NWC/Revenue: 9.79% < 20% (prev -16.88%; Δ 26.67% < -1%) |
| CFO/TA 0.19 > 3% & CFO 653.2m > Net Income 342.1m |
| Net Debt (1.62b) to EBITDA (780.6m): 2.07 < 3 |
| Current Ratio: 1.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (160.7m) vs 12m ago 0.04% < -2% |
| Gross Margin: 47.95% > 18% (prev 63.22%; Δ -15.27% > 0.5%) |
| Asset Turnover: 66.20% > 50% (prev 66.41%; Δ -0.21% > 0%) |
| Interest Coverage Ratio: 9.54 > 6 (EBIT TTM 476.1m / Interest Expense TTM 49.9m) |
| A: 0.06 (Total Current Assets 728.7m - Total Current Liabilities 508.6m) / Total Assets 3.44b |
| B: 0.26 (Retained Earnings 902.8m / Total Assets 3.44b) |
| C: 0.14 (EBIT TTM 476.1m / Avg Total Assets 3.40b) |
| D: 0.64 (Book Value of Equity 1.34b / Total Liabilities 2.10b) |
| Altman-Z'' = 2.88 = A |
| DSRI: 0.99 (Receivables 543.1m/541.9m, Revenue 2.25b/2.22b) |
| GMI: 1.32 (GM 63.22% / 47.95%) |
| AQI: 1.00 (AQ_t 0.49 / AQ_t-1 0.49) |
| SGI: 1.01 (Revenue 2.25b / 2.22b) |
| TATA: -0.09 (NI 342.1m - CFO 653.2m) / TA 3.44b) |
| Beneish M = -2.75 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at EUR 34.70 with a total of 308,658 shares traded. Over the past week, the price has changed by -0.12%, over one month by -4.80%, over three months by -12.97% and over the past year by -18.72%.
Current recommended Stop Loss: 33.60 (which is 3.2% or 1.4 ATR below the current price).
Elisa has no consensus analysts rating.
P/E Trailing = 16.1502
P/E Forward = 13.4409
P/S = 2.4571
P/B = 4.1358
P/EG = 5.0695
Revenue TTM = 2.25b EUR
EBIT TTM = 476.1m EUR
EBITDA TTM = 780.6m EUR
Long Term Debt = 1.40b EUR (from longTermDebt, last quarter)
Short Term Debt = 97.0m EUR (from shortTermDebt, last quarter)
Debt = 1.73b EUR (from shortLongTermDebtTotal, last quarter) + Leases 136.1m
Net Debt = 1.62b EUR (calculated: Debt 1.73b - CCE 114.7m)
Enterprise Value = 7.14b EUR (5.52b + Debt 1.73b - CCE 114.7m)
Interest Coverage Ratio = 9.54 (Ebit TTM 476.1m / Interest Expense TTM 49.9m)
EV/FCF = 18.82x (Enterprise Value 7.14b / FCF TTM 379.4m)
FCF Yield = 5.31% (FCF TTM 379.4m / Enterprise Value 7.14b)
FCF Margin = 16.88% (FCF TTM 379.4m / Revenue TTM 2.25b)
Net Margin = 15.22% (Net Income TTM 342.1m / Revenue TTM 2.25b)
Gross Margin = 47.95% ((Revenue TTM 2.25b - Cost of Revenue TTM 1.17b) / Revenue TTM)
Gross Margin QoQ = 66.43% (prev 67.52%)
Tobins Q-Ratio = 2.07 (Enterprise Value 7.14b / Total Assets 3.44b)
Interest Expense / Debt = 2.88% (Interest Expense 49.9m / Debt 1.73b)
Taxrate = 19.63% (83.6m / 425.8m)
NOPAT = 382.6m (EBIT 476.1m * (1 - 19.63%))
Current Ratio = 1.43 (Total Current Assets 728.7m / Total Current Liabilities 508.6m)
Debt / Equity = 1.30 (Debt 1.73b / totalStockholderEquity, last quarter 1.34b)
Debt / EBITDA = 2.07 (Net Debt 1.62b / EBITDA 780.6m)
Debt / FCF = 4.27 (Net Debt 1.62b / FCF TTM 379.4m)
Total Stockholder Equity = 1.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.07% (Net Income 342.1m / Total Assets 3.44b)
RoE = 26.73% (Net Income TTM 342.1m / Total Stockholder Equity 1.28b)
RoCE = 17.80% (EBIT 476.1m / Capital Employed (Equity 1.28b + L.T.Debt 1.40b))
RoIC = 13.11% (NOPAT 382.6m / Invested Capital 2.92b)
WACC = 4.32% (E(5.52b)/V(7.26b) * Re(4.95%) + D(1.73b)/V(7.26b) * Rd(2.88%) * (1-Tc(0.20)))
Discount Rate = 4.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 58.65 | Cagr: 0.04%
[DCF] Terminal Value 76.12% ; FCFF base≈371.7m ; Y1≈389.8m ; Y5≈450.5m
[DCF] Fair Price = 33.16 (EV 6.94b - Net Debt 1.62b = Equity 5.33b / Shares 160.6m; r=8.35% [WACC [floored]]; 5y FCF grow 5.36% → 2.50% )
EPS Correlation: -12.85 | EPS CAGR: -0.07% | SUE: -0.64 | # QB: 0
Revenue Correlation: 92.49 | Revenue CAGR: 1.55% | SUE: -0.92 | # QB: -2
EPS current Quarter (2026-09-30): EPS=0.63 | Chg30d=-7.41% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=2.43 | Chg30d=-1.51% | Revisions=-40% | GrowthEPS=+2.9% | GrowthRev=+0.4%
EPS next Year (2027-12-31): EPS=2.53 | Chg30d=-2.40% | Revisions=-40% | GrowthEPS=+4.1% | GrowthRev=+2.1%
[Analyst] Revisions Ratio: -62% (up=0, down=5)