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 5,636 - -
Change - -8.57% -15.28% -0.15% -9.65% -6.96% - -
Enterprise Value (EV) 1 9,888 9,202 8,020 8,178 7,566 7,144 7,148 7,158
Change - -6.94% -12.85% 1.97% -7.48% -5.58% 0.06% 0.14%
P/E 25.2x 21.2x 17.9x 18.7x 17.7x 14.7x 14.2x 13.6x
PBR 7.24x 6.36x 5.2x 5.22x 4.84x 4.48x 4.48x 4.48x
PEG - 2.53x 41.71x -3.98x -3.95x 1.2x 3.77x 3.42x
Capitalization / Revenue 4.34x 3.72x 3.08x 3.06x 2.68x 2.49x 2.44x 2.38x
EV / Revenue 4.95x 4.32x 3.68x 3.73x 3.35x 3.15x 3.09x 3.02x
EV / EBITDA 14x 12.5x 10.6x 10.4x 9.36x 8.69x 8.46x 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 16.8x 16.3x
FCF Yield 3.41% 3.49% 4.28% 4.21% 5.41% 5.69% 5.94% 6.12%
Dividend per Share 2 2.05 2.05 2.15 2.25 2.35 2.474 2.542 2.615
Rate of return 3.79% 4.14% 5.13% 5.38% 6.23% 7.05% 7.24% 7.45%
EPS 2 2.15 2.33 2.34 2.23 2.13 2.389 2.479 2.578
Distribution rate 95.3% 88% 91.9% 101% 110% 104% 103% 101%
Net sales 1 1,998 2,130 2,180 2,192 2,257 2,266 2,315 2,367
EBITDA 1 706 735 756 783 808 821.9 845.2 869.4
EBIT 1 439 472 487 504 512 521.1 545.3 568.2
Net income 1 343.6 374.1 375.2 358.4 342 377.5 393.3 408.2
Net Debt 1 1,219 1,276 1,304 1,473 1,508 1,508 1,512 1,522
Reference price 2 54.12 49.46 41.87 41.80 37.74 35.10 35.10 35.10
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.($)
14.65x3.15x8.67x7.07% 6.49B
11.41x1.35x4.18x6.78% 229B
10.41x2.5x6.62x5.97% 196B
13.78x2.17x5.62x3.95% 158B
12.74x1.8x7.71x3.32% 81.75B
11.77x0.89x3.33x6.67% 80.79B
11.51x1.86x4.71x2.76% 70.11B
15.14x2.65x8.28x5.07% 57.85B
23.2x5.22x18.54x4.64% 54.96B
12.39x1.77x5.4x4.89% 49.48B
Average 13.70x 2.34x 7.31x 5.11% 98.52B
Weighted average by Cap. 12.69x 2.07x 6.29x 5.27%

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