Company Valuation: Elisa Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,669 7,926 6,715 6,705 6,058 5,655 - -
Change - -8.57% -15.28% -0.15% -9.65% -6.64% - -
Enterprise Value (EV) 1 9,888 9,202 8,020 8,178 7,566 7,167 7,173 7,186
Change - -6.94% -12.85% 1.97% -7.48% -5.27% 0.08% 0.18%
P/E 25.2x 21.2x 17.9x 18.7x 17.7x 14.7x 14x 13.5x
PBR 7.24x 6.36x 5.2x 5.22x 4.84x 4.5x 4.5x 4.49x
PEG - 2.53x 41.71x -3.98x -3.95x 1.2x 2.81x 3.69x
Capitalization / Revenue 4.34x 3.72x 3.08x 3.06x 2.68x 2.49x 2.44x 2.39x
EV / Revenue 4.95x 4.32x 3.68x 3.73x 3.35x 3.16x 3.09x 3.03x
EV / EBITDA 14x 12.5x 10.6x 10.4x 9.36x 8.68x 8.45x 8.23x
EV / EBIT 22.5x 19.5x 16.5x 16.2x 14.8x 13.7x 13.1x 12.6x
EV / FCF 29.4x 28.7x 23.4x 23.8x 18.5x 17.6x 16.9x 16.4x
FCF Yield 3.41% 3.49% 4.28% 4.21% 5.41% 5.67% 5.92% 6.1%
Dividend per Share 2 2.05 2.05 2.15 2.25 2.35 2.474 2.542 2.609
Rate of return 3.79% 4.14% 5.13% 5.38% 6.23% 7.03% 7.22% 7.41%
EPS 2 2.15 2.33 2.34 2.23 2.13 2.396 2.515 2.608
Distribution rate 95.3% 88% 91.9% 101% 110% 103% 101% 100%
Net sales 1 1,998 2,130 2,180 2,192 2,257 2,269 2,319 2,370
EBITDA 1 706 735 756 783 808 825.3 849.1 873.1
EBIT 1 439 472 487 504 512 521.7 547.4 568.6
Net income 1 343.6 374.1 375.2 358.4 342 379.5 399.2 413
Net Debt 1 1,219 1,276 1,304 1,473 1,508 1,512 1,518 1,531
Reference price 2 54.12 49.46 41.87 41.80 37.74 35.22 35.22 35.22
Nbr of stocks (in thousands) 160,187 160,260 160,388 160,409 160,514 160,575 - -
Announcement Date 1/27/22 1/27/23 1/26/24 1/31/25 1/30/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.7x3.16x8.68x7.03% 6.47B
11.39x1.32x4.09x7.04% 224B
9.11x2.38x6.37x6.47% 182B
13.7x2.13x5.55x4.17% 149B
13.45x2.04x5.15x2.39% 79.13B
12.16x0.82x3.08x6.63% 77.03B
12.03x1.75x7.5x3.57% 75.8B
15.41x2.68x8.39x5.1% 57.37B
23.9x5.38x19.65x4.48% 56.14B
16.05x1.79x5.62x4.78% 50.1B
Average 14.19x 2.35x 7.41x 5.16% 95.73B
Weighted average by Cap. 12.84x 2.06x 6.31x 5.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield