Ellomay Capital Ltd Ordinary Sh (IL:ELLO)
TASE:ELLO
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Ellomay
(TASE:ELLO)
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Rating:41Neutral
Price Target:
5,686.00
▼(-33.26% Downside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by weak financial performance (sharp TTM revenue decline, large losses, very high leverage, and persistently negative free cash flow). Technicals are also bearish with price below key moving averages and a negative MACD. Valuation contributes only modestly because the negative P/E reflects losses and dividend yield is unavailable.
Positive Factors
Asset-backed renewable generation portfolio
Ellomay’s core model — developing, owning and operating renewable generation assets and holding JV stakes — creates durable, asset-backed cash flows from electricity sales. Ownership plus development capability supports repeated project value creation and long-term revenue potential.
Negative Factors
High leverage
A consolidated debt-to-equity near 5.1x represents very high leverage that reduces financial flexibility. Elevated leverage increases refinancing and interest-rate risk, heightens default or dilution likelihood, and constrains the company’s ability to fund new projects from retained capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-backed renewable generation portfolio
Ellomay’s core model — developing, owning and operating renewable generation assets and holding JV stakes — creates durable, asset-backed cash flows from electricity sales. Ownership plus development capability supports repeated project value creation and long-term revenue potential.
Read all positive factors
Ellomay (ELLO) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪820.65M
Dividend YieldN/A
Average Volume (3M)7.53K
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue Growth1.15%
EPS Growth-446.10%
CountryIL
Employees26
SectorGeneral
Sector StrengthN/A
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-1.57
Shares Outstanding13,783,230
10 Day Avg. Volume2,004
30 Day Avg. Volume7,528
Financial Highlights & Ratios
PEG Ratio1.83
Price to Book (P/B)1.95
Price to Sales (P/S)8.11
P/FCF Ratio-2.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ellomay Business Overview & Revenue Model
Company Description
Ellomay Capital Ltd. is an energy company operating across Israel, Spain, and the Netherlands, dedicated to producing renewable and clean power. Its assets include six operational photovoltaic (PV) plants: four located in Spain with a cumulative c...
How the Company Makes Money
Ellomay primarily makes money from owning stakes in power generation projects that sell electricity. Key revenue streams typically include: (1) Electricity sales: revenues earned by project companies from selling generated power into the grid unde...
Ellomay Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 33.89M | 40.47M | 48.83M | 52.24M | 44.78M |
| Gross Profit | 7.21M | 4.78M | 21.51M | 24.79M | 12.18M |
| EBITDA | 24.76M | 20.43M | 29.50M | 26.98M | 18.69M |
| Net Income | -2.13M | -6.52M | 2.22M | -357.00K | -15.09M |
Balance Sheet | |||||
| Total Assets | 845.45M | 677.26M | 612.85M | 576.16M | 551.15M |
| Cash, Cash Equivalents and Short-Term Investments | 88.26M | 41.13M | 52.12M | 49.29M | 71.58M |
| Total Debt | 637.86M | 521.06M | 446.40M | 407.04M | 376.32M |
| Total Liabilities | 679.97M | 547.97M | 487.75M | 493.08M | 437.66M |
| Stockholders Equity | 140.93M | 118.62M | 115.00M | 95.72M | 115.52M |
Cash Flow | |||||
| Free Cash Flow | -93.52M | -67.47M | -52.53M | -37.29M | -67.57M |
| Operating Cash Flow | 8.21M | 7.97M | 8.60M | 11.32M | 15.24M |
| Investing Cash Flow | -47.65M | -64.44M | -55.55M | -24.38M | -107.42M |
| Financing Cash Flow | 82.61M | 42.96M | 54.43M | 26.51M | 54.20M |
Ellomay Technical Analysis
Negative
8520.00
Price Trends
6980.34
Negative
7592.42
Negative
7192.91
Negative
Market Momentum
-268.43
Positive
29.50
Positive
5.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ELLO, the sentiment is Negative. The current price of 8520 is above the 20-day moving average (MA) of 6491.25, above the 50-day MA of 6980.34, and above the 200-day MA of 7192.91, indicating a bearish trend. The MACD of -268.43 indicates Positive momentum. The RSI at 29.50 is Positive, neither overbought nor oversold. The STOCH value of 5.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:ELLO.
Ellomay Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₪35.11B | 123.23 | 2.17% | ― | 21.13% | -58.76% | |
58 Neutral | ₪13.01B | 48.93 | ― | 2.25% | 6.62% | -12.77% | |
56 Neutral | ₪9.05B | -70.34 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₪4.62B | -32.39 | ― | ― | -16.92% | -524.11% | |
41 Neutral | ₪820.65M | -11.95 | -1.46% | ― | 1.15% | -446.10% | |
41 Neutral | ₪14.55B | -35.90 | ― | ― | 53.63% | -676.31% |
* General Sector Average
IL:ELLO
Ellomay
5,997.00
788.00
15.13%
IL:ENLT
Enlight Renewable Energy
25,620.00
17,971.00
234.95%
IL:ENRG
Energix
2,356.00
1,174.69
99.44%
IL:DORL
Doral Energy
7,183.00
5,643.00
366.43%
IL:MSKE
Meshek Energy
1,303.00
957.10
276.70%
IL:ECNR
Econergy
6,082.00
2,825.00
86.74%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.