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 5,909 - -
Change - -8.57% -15.28% -0.15% -9.65% -2.45% - -
Enterprise Value (EV) 1 9,888 9,202 8,020 8,178 7,566 7,418 7,423 7,435
Change - -6.94% -12.85% 1.97% -7.48% -1.96% 0.07% 0.16%
P/E 25.2x 21.2x 17.9x 18.7x 17.7x 15.4x 14.9x 14.3x
PBR 7.24x 6.36x 5.2x 5.22x 4.84x 4.7x 4.7x 4.7x
PEG - 2.53x 41.71x -3.98x -3.95x 1.3x 4.29x 3.67x
Capitalization / Revenue 4.34x 3.72x 3.08x 3.06x 2.68x 2.61x 2.56x 2.5x
EV / Revenue 4.95x 4.32x 3.68x 3.73x 3.35x 3.28x 3.22x 3.15x
EV / EBITDA 14x 12.5x 10.6x 10.4x 9.36x 8.99x 8.75x 8.5x
EV / EBIT 22.5x 19.5x 16.5x 16.2x 14.8x 14.2x 13.7x 13.2x
EV / FCF 29.4x 28.7x 23.4x 23.8x 18.5x 18.5x 17.9x 17.4x
FCF Yield 3.41% 3.49% 4.28% 4.21% 5.41% 5.4% 5.6% 5.74%
Dividend per Share 2 2.05 2.05 2.15 2.25 2.35 2.47 2.542 2.615
Rate of return 3.79% 4.14% 5.13% 5.38% 6.23% 6.71% 6.91% 7.11%
EPS 2 2.15 2.33 2.34 2.23 2.13 2.389 2.472 2.568
Distribution rate 95.3% 88% 91.9% 101% 110% 103% 103% 102%
Net sales 1 1,998 2,130 2,180 2,192 2,257 2,260 2,308 2,359
EBITDA 1 706 735 756 783 808 825.1 848.8 875.1
EBIT 1 439 472 487 504 512 520.8 543.1 564.9
Net income 1 343.6 374.1 375.2 358.4 342 376.8 390.2 404.4
Net Debt 1 1,219 1,276 1,304 1,473 1,508 1,509 1,514 1,526
Reference price 2 54.12 49.46 41.87 41.80 37.74 36.80 36.80 36.80
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.($)
11.03x1.31x4.14x7.04% 222B
10.61x2.53x6.69x5.87% 200B
13.18x2.12x4.91x4.16% 149B
13.93x1.87x8.15x3.01% 91.97B
11.64x0.87x3.26x6.65% 79.55B
11.52x1.78x4.48x2.84% 67.46B
15.29x2.68x8.37x5.06% 58B
23.43x5.3x19.36x4.66% 55.58B
14.98x2.77x6.2x4.39% 51.14B
Average 13.96x 2.36x 7.28x 4.85% 108.34B
Weighted average by Cap. 12.80x 2.12x 6.33x 5.26%

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

LAST HOURS | 40% Discount: The Best Subscriber-Only Tools to Unlock Hidden Opportunities!
d
:
:
SEIZE THE OFFER!