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Elia Group

DB:E4S
Snowflake Description

Established dividend payer with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E4S
DB
€6B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Elia Group SA/NV operates a transmission system for the very-high-voltage and high-voltage electricity network, and for the offshore grid in Belgium and Germany. The last earnings update was 31 days ago. More info.


Add to Portfolio Compare Print
  • Elia Group has significant price volatility in the past 3 months.
E4S Share Price and Events
7 Day Returns
-3.7%
DB:E4S
0.2%
Europe Electric Utilities
-0.6%
DE Market
1 Year Returns
52.8%
DB:E4S
-2.6%
Europe Electric Utilities
-20.9%
DE Market
E4S Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Elia Group (E4S) -3.7% -4.5% 17.3% 52.8% 87.5% 127.6%
Europe Electric Utilities 0.2% -18.2% -13.1% -2.6% 19.9% -3%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • E4S outperformed the Electric Utilities industry which returned -2.6% over the past year.
  • E4S outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
E4S
Industry
5yr Volatility vs Market

E4S Value

 Is Elia Group 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 Elia Group 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 Elia Group.

DB:E4S Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 1.759845
Payout Ratio Company Filings (2019-12-31) 4265.7%
Discount Rate (Cost of Equity) See below 4.6%
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:E4S
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.2%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.245 (1 + (1- 29%) (104.2%))
0.616
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 * 6.21%)
4.58%

Discounted Cash Flow Calculation for DB:E4S using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Elia Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:E4S Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €1.76 / (4.58% - -0.39%)
€36.05
DB:E4S Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:E4S represents 1.0088x of ENXTBR:ELI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0088x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 35.42 x 1.0088
€35.74
Value per share (EUR) From above. €35.74
Current discount Discount to share price of €91.70
= -1 x (€91.70 - €35.74) / €35.74
-156.6%

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

  • The current share price of Elia Group 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 Elia Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Elia Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:E4S PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €3.91
ENXTBR:ELI Share Price ** ENXTBR (2020-04-06) in EUR €90.9
Europe Electric Utilities Industry PE Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 10.33x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Elia Group.

DB:E4S PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:ELI Share Price ÷ EPS (both in EUR)

= 90.9 ÷ 3.91

23.25x

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

  • Elia Group is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Elia Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Elia Group's expected growth come at a high price?
Raw Data
DB:E4S PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
5.4%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 1.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:E4S PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.25x ÷ 5.4%

4.32x

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

  • Elia Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Elia Group's assets?
Raw Data
DB:E4S PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €51.31
ENXTBR:ELI Share Price * ENXTBR (2020-04-06) in EUR €90.9
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.76x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:E4S PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:ELI Share Price ÷ Book Value per Share (both in EUR)

= 90.9 ÷ 51.31

1.77x

* Primary Listing of Elia Group.

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

  • Elia Group is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Elia Group'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. Elia Group 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.

E4S Future Performance

 How is Elia Group expected to perform in the next 1 to 3 years based on estimates from 2 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
5.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Elia Group expected to grow at an attractive rate?
  • Elia Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Elia Group's earnings growth is positive but not above the Germany market average.
  • Elia Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:E4S Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:E4S Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 5.4%
DB:E4S Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.1%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
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:E4S Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:E4S Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,801 1,083 335 1
2022-12-31 2,680 989 317 1
2021-12-31 2,388 881 286 2
2020-12-31 2,319 598 279 2
2020-04-06
DB:E4S Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 2,195 71 274
2019-09-30 2,260 348 266
2019-06-30 2,325 624 259
2019-03-31 2,074 570 267
2018-12-31 1,823 517 275
2018-09-30 1,416 460 262
2018-06-30 1,009 404 248
2018-03-31 909 417 228
2017-12-31 808 430 209
2017-09-30 821 443 202
2017-06-30 834 455 196
2017-03-31 817 471 188

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Elia Group's earnings are expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
  • Elia Group's revenue is expected to grow by 6.1% 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:E4S Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Elia Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E4S Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.94 4.94 4.94 1.00
2022-12-31 4.68 4.68 4.68 1.00
2021-12-31 4.21 4.21 4.21 1.00
2020-12-31 4.12 4.12 4.12 1.00
2020-04-06
DB:E4S Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 3.91
2019-09-30 4.06
2019-06-30 4.24
2019-03-31 4.38
2018-12-31 4.52
2018-09-30 4.30
2018-06-30 4.08
2018-03-31 3.75
2017-12-31 3.43
2017-09-30 3.32
2017-06-30 3.22
2017-03-31 3.09

*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.
  • Elia Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Elia Group'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Elia Group 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.

E4S Past Performance

  How has Elia Group 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 Elia Group's growth in the last year to its industry (Electric Utilities).
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.
  • Elia Group's year on year earnings growth rate has been positive over the past 5 years.
  • Elia Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Elia Group's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.
Earnings and Revenue History
Elia Group'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 Elia Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E4S 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 2,194.80 273.60 282.90
2019-09-30 2,259.80 266.40 277.75
2019-06-30 2,324.80 259.20 273.10
2019-03-31 2,073.80 267.20 250.95
2018-12-31 1,822.80 275.20 228.80
2018-09-30 1,415.80 261.75 198.75
2018-06-30 1,008.80 248.30 168.20
2018-03-31 908.50 228.45 157.70
2017-12-31 808.20 208.60 147.20
2017-09-30 820.85 202.25 146.25
2017-06-30 833.50 195.90 145.30
2017-03-31 816.80 187.90 144.60
2016-12-31 800.10 179.90 143.90
2016-09-30 791.35 192.50 144.30
2016-06-30 771.40 203.10 138.90
2016-03-31 775.75 206.85 138.25
2015-12-31 780.10 210.60 137.60
2015-09-30 770.45 188.00 136.45
2015-06-30 766.40 171.10 133.70
2015-03-31 775.95 171.85 134.45
2014-12-31 785.50 167.90 139.70
2014-09-30 538.15 180.30 117.10
2014-06-30 1,323.70 192.70 179.50
2014-03-31 1,323.35 184.25 179.20
2013-12-31 787.50 175.80 137.10
2013-09-30 1,114.40 167.65 167.60
2013-06-30 1,192.60 159.50 176.50

*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.
  • Elia Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Elia Group used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Elia Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Elia Group'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 Electric Utilities 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.
Elia Group has a total score of 2/6, 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.

E4S Health

 How is Elia Group'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 Elia Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Elia Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Elia Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Elia Group'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 0.2x 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 Elia Group Company Filings, last reported 3 months ago.

DB:E4S Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,332.10 6,502.50 975.00
2019-09-30 4,332.10 6,502.50 975.00
2019-06-30 4,183.50 6,325.20 1,922.20
2019-03-31 4,183.50 6,325.20 1,922.20
2018-12-31 3,748.90 6,397.80 1,789.30
2018-09-30 3,748.90 6,397.80 1,789.30
2018-06-30 2,913.40 6,735.10 1,908.80
2018-03-31 2,913.40 6,735.10 1,908.80
2017-12-31 2,564.40 2,884.20 195.20
2017-09-30 2,564.40 2,884.20 195.20
2017-06-30 2,535.90 2,847.80 209.80
2017-03-31 2,535.90 2,847.80 209.80
2016-12-31 2,512.60 2,743.30 176.60
2016-09-30 2,512.60 2,743.30 176.60
2016-06-30 2,406.40 2,657.50 79.60
2016-03-31 2,406.40 2,657.50 79.60
2015-12-31 2,414.40 3,227.70 626.40
2015-09-30 2,414.40 3,227.70 626.40
2015-06-30 2,298.60 2,738.30 86.00
2015-03-31 2,298.60 2,738.30 86.00
2014-12-31 2,285.90 2,735.70 171.10
2014-09-30 2,285.90 2,735.70 171.10
2014-06-30 2,205.60 2,691.90 60.40
2014-03-31 2,205.60 2,691.90 60.40
2013-12-31 2,209.10 2,898.60 242.70
2013-09-30 2,209.10 2,898.60 242.70
2013-06-30 2,105.50 3,153.10 349.30
  • Elia Group's level of debt (148%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (119.7% vs 148% today).
  • Debt is not well covered by operating cash flow (1.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Elia Group'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. Elia Group has a total score of 1/6, 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.

E4S Dividends

 What is Elia Group'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
1.86%
Current annual income from Elia Group dividends. Estimated to be 1.94% next year.
If you bought €2,000 of Elia Group shares you are expected to receive €37 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?
  • Elia Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Elia Group's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
Upcoming dividend payment

Purchase Elia Group 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:E4S 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 2 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
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:E4S Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.83 1.00
2022-12-31 1.79 2.00
2021-12-31 1.75 2.00
2020-12-31 1.72 3.00
2020-04-06
DB:E4S Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-06 1.690 2.007
2019-04-12 1.660 2.267
2019-02-22 1.660 2.664
2018-04-06 1.620 2.917
2018-02-23 1.620 3.195
2017-04-18 1.580 3.187
2017-02-24 1.580 3.240
2016-04-18 1.550 3.327
2016-02-26 1.550 3.496
2015-04-13 1.540 3.785
2015-02-27 1.540 3.887
2014-04-11 1.540 4.052
2014-02-28 1.540 4.248
2013-02-28 1.470 4.454
2012-08-30 1.470 4.520
2012-04-10 1.470 4.642
2012-02-29 1.470 4.615
2011-05-13 1.400 4.778
2010-06-03 1.380 4.979
2010-03-01 1.380 4.943
2010-02-26 1.380 4.964

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 Elia Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Elia Group'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 Elia Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Elia Group has a total score of 5/6, see the detailed checks below.


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

E4S Management

 What is the CEO of Elia Group'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
Chris Peeters
COMPENSATION €182,648
TENURE AS CEO 4.8 years
CEO Bio

Mr. Chris Peeters has been the Chief Executive Officer of Elia System Operator SA since July 6, 2015 and also serves as it's Chairman. Mr. Peeters holds a M.Sc. in Engineering from Catholic University of Leuven in 1989.

CEO Compensation
  • Insufficient data for Chris to compare compensation growth.
  • Chris's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Elia Group management team in years:

4.1
Average Tenure
  • The tenure for the Elia Group management team is about average.
Management Team

Chris Peeters

TITLE
CEO & Chairman
COMPENSATION
€183K
TENURE
4.8 yrs

Catherine Vandenborre

TITLE
Chief Financial Officer
AGE
48
TENURE
6.6 yrs

Yannick Dekoninck

TITLE
Investor Relations Officer

Peter Michiels

TITLE
Chief Human Resources & Internal Communication Officer
TENURE
3.3 yrs

Mark Berger

TITLE
Chief Infrastructure Officer
AGE
56

Frederic Dunon

TITLE
Chief Assets Officer
TENURE
4.1 yrs

Ilse Tant

TITLE
Chief Community Relations Officer
TENURE
6.3 yrs

Pascale Fonck

TITLE
Chief Officer of External Relations
TENURE
3.8 yrs

Patrick Leener

TITLE
Chief of Customers
TENURE
3.2 yrs

Menno Janssens

TITLE
Head of Innovation
Board of Directors Tenure

Average tenure and age of the Elia Group board of directors in years:

5.9
Average Tenure
64
Average Age
  • The tenure for the Elia Group board of directors is about average.
Board of Directors

Bernard Gustin

TITLE
Independent Chairman
TENURE
2.3 yrs

Claude Grégoire

TITLE
Vice-Chairman of the Board of Directors
AGE
65
TENURE
2 yrs

Geert Versnick

TITLE
Vice-Chairman of the Board of Directors
AGE
63
TENURE
2 yrs

Ronnie Belmans

TITLE
Honorary Chairman
COMPENSATION
€22K
TENURE
9.9 yrs

Luc De Temmerman

TITLE
Independent Director
TENURE
5.9 yrs

Luc Hujoel

TITLE
Director
AGE
68
TENURE
5.9 yrs

Michel Allé

TITLE
Independent Director
AGE
69
TENURE
3.8 yrs

Dominique Offergeld

TITLE
Non-Independent Director
AGE
56
TENURE
9.9 yrs

Philip Heylen

TITLE
Non-Independent Director
AGE
51
TENURE
8.7 yrs

Cécile Flandre

TITLE
Non-Independent Director
TENURE
7.2 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 Elia Group'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. Elia Group 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.

E4S News

Simply Wall St News

E4S Company Info

Description

Elia Group SA/NV operates a transmission system for the very-high-voltage and high-voltage electricity network, and for the offshore grid in Belgium and Germany. It provides electricity transmission services; transmits electricity from generators to distribution systems; and provides consultancy and engineering services to the international energy market. The company serves electricity generators, traders, distribution system operators, commercial suppliers, and large industrial customers. It operates 18,600 kilometers of high-voltage connections. The company was formerly known as Elia System Operator SA and changed its name to Elia Group SA/NV in January 2020. Elia Group SA/NV is headquartered in Brussels, Belgium.

Details
Name: Elia Group SA/NV
E4S
Exchange: DB
Founded:
€6,240,552,064
68,652,938
Website: http://www.elia.be
Address: Elia Group SA/NV
Boulevard de l'Empereur, 20,
Brussels,
Brussels, 1000,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR ELI Ordinary Shares Euronext Brussels BE EUR 20. Jun 2005
OTCPK ELIA.F Ordinary Shares Pink Sheets LLC US USD 20. Jun 2005
DB E4S Ordinary Shares Deutsche Boerse AG DE EUR 20. Jun 2005
LSE 0NTU Ordinary Shares London Stock Exchange GB EUR 20. Jun 2005
BATS-CHIXE ELIB Ordinary Shares BATS 'Chi-X Europe' GB EUR 20. Jun 2005
Number of employees
Current staff
Staff numbers
1,391
Elia Group employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 21:29
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/23
Last earnings filing: 2020/03/06
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.