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Elisa Oyj

DB:EIA
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EIA
DB
€9B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Elisa Corporation provides telecommunications and digital services. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
EIA Share Price and Events
7 Day Returns
-2.9%
DB:EIA
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
33%
DB:EIA
-22.7%
DE Telecom
-14.1%
DE Market
EIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Elisa Oyj (EIA) -2.9% -3.4% 8.3% 33% 61.6% 128.4%
DE Telecom 3.7% -22.8% -18.2% -22.7% -31.2% -35.3%
DE Market 14.8% -20% -23.5% -14.1% -22.8% -26.7%
1 Year Return vs Industry and Market
  • EIA outperformed the Telecom industry which returned -22.7% over the past year.
  • EIA outperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
EIA
Industry
5yr Volatility vs Market

EIA Value

 Is Elisa Oyj undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Elisa Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Elisa Oyj.

DB:EIA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:EIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.9%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.359 (1 + (1- 20%) (14.32%))
0.598
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.94%)
4.36%

Discounted Cash Flow Calculation for DB:EIA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Elisa Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:EIA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 4.36%)
2020 344.32 Analyst x9 329.93
2021 350.29 Analyst x8 321.62
2022 361.48 Analyst x8 318.02
2023 376.33 Analyst x3 317.25
2024 381.00 Analyst x3 307.76
2025 383.57 Est @ 0.67% 296.89
2026 384.94 Est @ 0.36% 285.49
2027 385.44 Est @ 0.13% 273.92
2028 385.35 Est @ -0.02% 262.40
2029 384.83 Est @ -0.13% 251.10
Present value of next 10 years cash flows €2,964.00
DB:EIA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €384.83 × (1 + -0.39%) ÷ (4.36% – -0.39%)
€8,066.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €8,066.69 ÷ (1 + 4.36%)10
€5,263.46
DB:EIA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,964.00 + €5,263.46
€8,227.46
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €8,227.46 / 160.08
€51.39
DB:EIA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EIA represents 0.98665x of HLSE:ELISA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98665x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 51.39 x 0.98665
€50.71
Value per share (EUR) From above. €50.71
Current discount Discount to share price of €53.22
= -1 x (€53.22 - €50.71) / €50.71
-5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Elisa Oyj is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Elisa Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Elisa Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.90
HLSE:ELISA Share Price ** HLSE (2020-03-27) in EUR €53.94
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 17.13x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Elisa Oyj.

DB:EIA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:ELISA Share Price ÷ EPS (both in EUR)

= 53.94 ÷ 1.90

28.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Elisa Oyj is overvalued based on earnings compared to the Europe Telecom industry average.
  • Elisa Oyj is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Elisa Oyj's expected growth come at a high price?
Raw Data
DB:EIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
4.2%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.35x
Germany Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:EIA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.46x ÷ 4.2%

6.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Elisa Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Elisa Oyj's assets?
Raw Data
DB:EIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €7.19
HLSE:ELISA Share Price * HLSE (2020-03-27) in EUR €53.94
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.43x
DB:EIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:ELISA Share Price ÷ Book Value per Share (both in EUR)

= 53.94 ÷ 7.19

7.5x

* Primary Listing of Elisa Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Elisa Oyj is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Elisa Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Elisa Oyj has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EIA Future Performance

 How is Elisa Oyj expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Elisa Oyj expected to grow at an attractive rate?
  • Elisa Oyj's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Elisa Oyj's earnings growth is positive but not above the Germany market average.
  • Elisa Oyj's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EIA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EIA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 4.2%
DB:EIA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 1.2%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:EIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EIA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,939 611 372 3
2023-12-31 1,933 617 343 4
2022-12-31 1,930 582 356 11
2021-12-31 1,899 569 338 15
2020-12-31 1,880 566 328 15
2020-03-27
DB:EIA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,844 554 303
2019-09-30 1,827 554 303
2019-06-30 1,816 536 304
2019-03-31 1,822 531 310
2018-12-31 1,832 515 316
2018-09-30 1,834 512 308
2018-06-30 1,834 510 308
2018-03-31 1,821 486 343
2017-12-31 1,787 501 337
2017-09-30 1,749 498 324
2017-06-30 1,714 481 315
2017-03-31 1,662 492 263

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Elisa Oyj's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
  • Elisa Oyj's revenue is expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Elisa Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EIA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.57 2.80 2.33 2.00
2023-12-31 2.30 2.60 2.04 3.00
2022-12-31 2.21 2.50 1.94 12.00
2021-12-31 2.11 2.38 1.87 15.00
2020-12-31 2.05 2.24 1.95 16.00
2020-03-27
DB:EIA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.90
2019-09-30 1.90
2019-06-30 1.90
2019-03-31 1.94
2018-12-31 1.98
2018-09-30 1.93
2018-06-30 1.93
2018-03-31 2.15
2017-12-31 2.11
2017-09-30 2.03
2017-06-30 1.97
2017-03-31 1.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Elisa Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Elisa Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Elisa Oyj has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EIA Past Performance

  How has Elisa Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Elisa Oyj's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Elisa Oyj's year on year earnings growth rate has been positive over the past 5 years.
  • Elisa Oyj's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Elisa Oyj's 1-year earnings growth is negative, it can't be compared to the Europe Telecom industry average.
Earnings and Revenue History
Elisa Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Elisa Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EIA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,843.50 303.00
2019-09-30 1,826.80 303.20
2019-06-30 1,815.80 303.60
2019-03-31 1,821.60 310.10
2018-12-31 1,831.50 315.80
2018-09-30 1,833.50 308.20
2018-06-30 1,833.50 308.10
2018-03-31 1,821.10 342.50
2017-12-31 1,787.40 336.60
2017-09-30 1,748.90 323.80
2017-06-30 1,713.70 314.50
2017-03-31 1,661.60 262.70
2016-12-31 1,635.70 257.10
2016-09-30 1,606.10 254.20
2016-06-30 1,581.90 247.00
2016-03-31 1,578.80 247.20
2015-12-31 1,569.50 243.10
2015-09-30 1,550.70 237.10
2015-06-30 1,540.00 237.40
2015-03-31 1,533.60 232.10
2014-12-31 1,535.20 224.90
2014-09-30 1,550.80 224.90
2014-06-30 1,561.80 215.90
2014-03-31 1,568.40 208.10
2013-12-31 1,547.40 196.60
2013-09-30 1,541.90 196.50
2013-06-30 1,533.90 197.40
2013-03-31 1,533.20 200.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Elisa Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Elisa Oyj used its assets more efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • Elisa Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Elisa Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Elisa Oyj has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EIA Health

 How is Elisa Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Elisa Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Elisa Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Elisa Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Elisa Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Elisa Oyj Company Filings, last reported 2 months ago.

DB:EIA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,150.30 1,140.50 52.00
2019-09-30 1,071.10 1,297.80 154.10
2019-06-30 985.50 1,311.10 84.50
2019-03-31 1,191.30 1,289.70 215.10
2018-12-31 1,126.80 1,124.00 80.90
2018-09-30 1,043.20 1,169.80 51.90
2018-06-30 954.20 1,261.50 60.20
2018-03-31 1,135.60 1,144.50 126.90
2017-12-31 1,039.70 1,091.50 44.30
2017-09-30 965.40 1,210.70 90.90
2017-06-30 879.20 1,288.50 57.80
2017-03-31 1,050.90 1,277.80 215.60
2016-12-31 971.30 1,142.90 44.50
2016-09-30 912.40 1,039.90 32.80
2016-06-30 826.40 1,109.10 54.60
2016-03-31 761.60 960.50 61.40
2015-12-31 925.90 963.40 29.10
2015-09-30 858.10 1,049.60 58.70
2015-06-30 791.40 1,135.20 60.40
2015-03-31 727.00 995.50 61.50
2014-12-31 878.60 1,011.50 41.30
2014-09-30 827.10 1,083.20 40.20
2014-06-30 764.30 1,126.10 50.70
2014-03-31 915.20 991.80 58.90
2013-12-31 862.20 1,073.80 137.80
2013-09-30 821.90 1,201.30 206.00
2013-06-30 762.90 1,090.50 48.10
2013-03-31 681.80 890.70 83.30
  • Elisa Oyj's level of debt (99.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (115.3% vs 99.1% today).
  • Debt is well covered by operating cash flow (48.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.3x coverage).
X
Financial health checks
We assess Elisa Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Elisa Oyj has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EIA Dividends

 What is Elisa Oyj's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.43%
Current annual income from Elisa Oyj dividends. Estimated to be 3.84% next year.
If you bought €2,000 of Elisa Oyj shares you are expected to receive €69 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Elisa Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.66%).
  • Elisa Oyj's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Elisa Oyj before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:EIA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:EIA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.43 2.00
2023-12-31 2.30 3.00
2022-12-31 2.16 11.00
2021-12-31 2.03 16.00
2020-12-31 1.96 16.00
2020-03-27
DB:EIA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-01-29 1.850 3.481
2019-01-31 1.750 4.056
2018-01-31 1.650 4.471
2017-03-15 1.500 4.382
2017-01-27 1.500 4.750
2016-01-29 1.400 4.357
2015-01-30 1.320 4.545
2014-02-07 1.300 6.061
2013-03-26 1.300 7.850
2012-02-03 1.300 7.807
2011-02-11 1.300 8.420
2010-07-16 0.920 5.806
2010-02-25 0.920 6.250
2010-02-12 0.920 5.998

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Elisa Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Elisa Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Elisa Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Elisa Oyj has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EIA Management

 What is the CEO of Elisa Oyj's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Veli-Matti Mattila
COMPENSATION €618,882
AGE 58
CEO Bio

Mr. Veli-Matti Johannes Mattila is a Chief Economist at Federation of Finnish Financial Services. Mr. Mattila serves as Chief Executive Officer and President at Elisa Oyj (formerly Elisa Communications Oyj). Mr. Mattila served with Elisa Communications Oyj since 2003 and served as its Managing Director. He served as Chief Executive Officer of Oy L M Ericsson Ab from 1997 to 2003. He joined Ericsson Group in 1986 and worked in various assignments in Finland and in the United States. He served as advisory tasks in Ascom Hasler AG. He also served as the Head of Economic Developments Division of Bank of Finland. Mr. Mattila has been Deputy Chairman of the Board of Directors in the Confederation of Telecommunications and Information Technology (FiCom ry) since January 1, 2007 and is Deputy Chairman of the Board of Directors in the Employers' Association (TIKLI). He has been a Director of Sampo Oyj (Sampo Ltd.) since April 7, 2009. He has been a Member of Executive Board at Elisa Oyj (formerly Elisa Communications Oyj since January 1, 2006. He serves as a Member of the Supervisory Board at Finnvera plc. He serves as a Member of the Supervisory Board in Sampo Life Insurance Company and Finnish Fair Cooperative. He serves as a Member of the Supervisory Board of the Finnish Fair Association and Member of The Board of Directors of the service sector employers' association called PALTA. He serves as a Member of Investment Council at Finnish Industry Investment Ltd. He serves as a Member of the Board of Directors in the Confederation of Finnish Industry and Employers and Central Chamber of Commerce. Mr. Mattila's previous career also includes expert advisory tasks in Swiss Ascom Hasler AG. Mr. Mattila received M.Sc. (Eng.), Degree from University of Technology in 1987. Mr. Mattila also holds MBA degree.

CEO Compensation
  • Veli-Matti's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Veli-Matti's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Elisa Oyj management team in years:

12.2
Average Tenure
53.5
Average Age
  • The average tenure for the Elisa Oyj management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Veli-Matti Mattila

TITLE
CEO, President & Member of Executive Board
COMPENSATION
€619K
AGE
58

Jari Kinnunen

TITLE
CFO & Member of Executive Board
AGE
57
TENURE
14.3 yrs

Sami Ylikortes

TITLE
Executive VP of Administration & Member of the Executive Board
AGE
52
TENURE
17.2 yrs

Asko Känsälä

TITLE
Deputy CE of Strategic Development & Member of the Executive Board
AGE
62
TENURE
17.2 yrs

Pasi Mäenpää

TITLE
Executive VP of New Business Development & Member of Executive Board
AGE
54
TENURE
14.2 yrs

Timo Katajisto

TITLE
Executive VP of Corporate Customers & Member of the Executive Board
AGE
51
TENURE
12.2 yrs

Katiye Vuorela

TITLE
Executive VP of Corporate Communications & Member of Executive Board
AGE
51
TENURE
11.4 yrs

Merja Ranta-Aho

TITLE
Executive VP of Human Resources & Member of Executive Board
AGE
53
TENURE
7.2 yrs

Vesa-Pekka Nikula

TITLE
Executive VP of Consumer Customers & Member of Corporate Executive Board
AGE
55
TENURE
6.2 yrs

Henri Korpi

TITLE
Executive VP of International Digital Services & Member of Corporate Executive Board
AGE
46
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Elisa Oyj board of directors in years:

2.9
Average Tenure
56
Average Age
  • The average tenure for the Elisa Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Anssi Vanjoki

TITLE
Independent Chairman
COMPENSATION
€130K
AGE
63
TENURE
0.9 yrs

Petteri Koponen

TITLE
Independent Deputy Chairman
COMPENSATION
€91K
AGE
49
TENURE
0.9 yrs

Seija Turunen

TITLE
Independent Director
COMPENSATION
€93K
AGE
66
TENURE
5.9 yrs

Leena Niemistö

TITLE
Independent Director
COMPENSATION
€78K
AGE
56
TENURE
10 yrs

Clarisse Berggårdh

TITLE
Independent Director
COMPENSATION
€78K
AGE
52
TENURE
4.2 yrs

Antti Vasara

TITLE
Independent Director
COMPENSATION
€78K
AGE
54
TENURE
2.9 yrs

Kim Ignatius

TITLE
Independent Director
COMPENSATION
€75K
AGE
63
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Elisa Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Elisa Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EIA News

Simply Wall St News

EIA Company Info

Description

Elisa Corporation provides telecommunications and digital services. It operates in Consumer Customers and Corporate Customers segments. The company offers its services under the Elisa, Elisa Saunalahti, Elisa Videra, Elisa Santa Monica, Elisa Automate, and Elisa Smart Factory brands. It serves approximately 2.8 million consumer, corporate, and public administration organisation customers in Finland, Estonia, and internationally. Elisa Corporation was founded in 1882 and is headquartered in Helsinki, Finland.

Details
Name: Elisa Oyj
EIA
Exchange: DB
Founded: 1882
€8,634,872,057
160,082,908
Website: http://www.elisa.com
Address: Elisa Oyj
Ratavartijankatu 5, PL 1,
Helsinki,
Uusimaa, 00061,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE ELISA Ordinary Shares OMX Nordic Exchange Helsinki FI EUR 01. Jul 1999
OTCPK ELMU.F Ordinary Shares Pink Sheets LLC US USD 01. Jul 1999
DB EIA Ordinary Shares Deutsche Boerse AG DE EUR 01. Jul 1999
LSE 0I8Y Ordinary Shares London Stock Exchange GB EUR 01. Jul 1999
BATS-CHIXE ELISAH Ordinary Shares BATS 'Chi-X Europe' GB EUR 01. Jul 1999
OTCPK ELMU.Y UNSPONSORD ADR Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
4,884
Elisa Oyj employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 21:29
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.