Eltel AB (ELTEL) AI Stock Analysis

• Market Cap: €1.37B
• Dividend Yield: N/A
• Average Volume (3M): 49.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.32
• Revenue Growth: -6.41%
• EPS Growth: 90.48%
• Country: SE
• Employees: 3,956
• Sector: Communication Services
• Sector Strength: 97
• Industry: Engineering & Construction
• EPS (TTM): -0.09
• Shares Outstanding: 156,736,790
• 10 Day Avg. Volume: 37,496
• 30 Day Avg. Volume: 49,144
• PEG Ratio: -0.01
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 0.11
• P/FCF Ratio: 3.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: kr8.50 ▼(-3.19% Downside)

Eltel AB's overall stock score is primarily impacted by its weak financial performance and negative valuation metrics. The technical analysis also indicates bearish trends, contributing to the low score. The absence of earnings call data and corporate events means these factors did not influence the score.

Eltel AB Business Overview & Revenue Model

Company Description

Eltel AB (ELTEL) is a leading Nordic provider of technical services for the telecommunications and energy sectors. With a focus on network services, Eltel specializes in the installation, maintenance, and operation of critical infrastructure, including mobile and fixed-line telecommunications networks, as well as electrical grids. The company operates across various sectors, providing solutions that enhance connectivity and energy efficiency, and serves both public and private customers throughout the Nordic region.

How the Company Makes Money

Eltel generates revenue primarily through its service contracts in the telecommunications and energy sectors. The company earns money by providing installation and maintenance services for telecommunication networks, including fiber optics and mobile infrastructure, as well as electrical grid services, such as construction and maintenance of power lines and substations. Key revenue streams include long-term contracts with major telecommunications operators and utility companies, project-based work, and ongoing maintenance agreements. Eltel's partnerships with prominent industry players, along with its ability to deliver comprehensive solutions tailored to customer needs, are significant factors contributing to its earnings.

Eltel AB Financial Statement Overview

Summary

Eltel AB's financial performance is mixed. Strong cash flow metrics provide liquidity, but the negative net income and high debt levels present challenges. Profitability improvements and better debt management are necessary for financial health.

Income Statement

Eltel AB's income statement shows a challenging financial position with several key areas of concern. The TTM (Trailing-Twelve-Months) gross profit margin stands at 11.6%, indicating moderate profitability. However, the company faces a negative net profit margin of -0.23% and an EBIT margin of 1.16%, reflecting operational challenges. The revenue has decreased from 2023 to TTM, showing a contraction in growth. Despite these challenges, there is an improvement in EBITDA margin to 5.06% in the TTM, suggesting some operational efficiencies. Overall, the income statement indicates a need for strategic adjustments to improve profitability and growth.

Balance Sheet

Eltel AB's balance sheet reveals a high debt-to-equity ratio of 0.71, indicating considerable leverage. The equity ratio is 31.4%, reflecting a moderate equity position. Return on equity (ROE) is negative due to the net loss, highlighting profitability issues. The company's financial stability is compromised by high liabilities relative to equity, posing potential risks. Addressing leverage and enhancing equity could improve financial stability.

Cash Flow

Eltel AB's cash flow analysis presents a positive scenario with a strong operating cash flow to net income ratio of 26.26 in TTM, indicating robust cash generation relative to income. Free cash flow growth is substantial, improving significantly over the previous period, highlighting effective cash management. The free cash flow to net income ratio is also strong at -24.79, reflecting efficiency in cash conversion. Overall, cash flow management appears to be a strength for Eltel AB, providing a cushion against operational challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	807.10M	828.70M	850.10M	823.60M	812.60M	938.00M
Gross Profit	96.30M	91.90M	75.60M	74.70M	88.10M	99.40M
EBITDA	41.60M	13.70M	24.80M	25.90M	45.40M	59.40M
Net Income	0.00	-29.70M	-7.90M	-14.90M	4.30M	4.70M
Balance Sheet
Total Assets	692.40M	585.40M	624.30M	621.70M	630.80M	677.30M
Cash, Cash Equivalents and Short-Term Investments	118.60M	21.30M	24.70M	47.90M	32.30M	61.00M
Total Debt	263.00M	135.00M	124.90M	172.90M	154.10M	150.60M
Total Liabilities	534.80M	396.10M	400.60M	410.20M	402.90M	458.20M
Stockholders Equity	149.80M	181.30M	216.10M	204.10M	220.20M	211.60M
Cash Flow
Free Cash Flow	41.20M	25.10M	29.60M	12.30M	17.90M	43.00M
Operating Cash Flow	44.30M	27.50M	34.00M	16.40M	22.30M	49.40M
Investing Cash Flow	-3.60M	-6.60M	-4.30M	-3.90M	-2.90M	33.50M
Financing Cash Flow	64.60M	-24.00M	-52.30M	3.10M	-13.70M	-121.60M

Eltel AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ELTEL, the sentiment is Neutral. The current price of 8.78 is above the 20-day moving average (MA) of 8.78, below the 50-day MA of 9.08, and above the 200-day MA of 8.42, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 47.21 is Neutral, neither overbought nor oversold. The STOCH value of 81.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:ELTEL.

Eltel AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BYGGP	70 Outperform	kr1.41B	17.14	―	1.59%	-2.11%	74.17%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
INSTAL	58 Neutral	€6.67B	25.83	8.12%	2.74%	-3.68%	-48.79%
FG	55 Neutral	kr1.63B	189.47	―	5.73%	3.60%	-100.91%
VESTUM	54 Neutral	€3.36B	-115.67	-0.85%	―	-27.41%	49.11%
ELTEL	44 Neutral	€1.37B	―	-1.65%	―	-6.41%	90.48%
WBGR.B	41 Neutral	€546.05M	-0.88	-44.27%	―	14.09%	-55.78%

Eltel AB Corporate Events

Eltel AB to Present Q3 2025 Financial Report

Eltel AB has announced the release of its Q3 2025 financial report, scheduled for October 30, 2025. The report will be presented by the company’s President and CEO, Håkan Dahlström, and CFO, Tarja Leikas, during a webcast and teleconference. This event provides an opportunity for investors, analysts, and media to engage with the company’s leadership and gain insights into its financial performance and strategic direction.

The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK9.00 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.

Eltel AB Announces Early Redemption of Hybrid Bonds

Eltel AB has announced the early redemption of its subordinated sustainability-linked capital securities, known as Hybrid Bonds, with ISIN SE0019914250. This decision follows a successful tender offer in June 2025, which reduced the nominal amount of the bonds, allowing Eltel to exercise a call option for redemption. The redemption will occur on 11 November 2025, with bondholders receiving 101% of the nominal amount plus accrued interest. This move will result in the delisting of the Hybrid Bonds from Nasdaq Stockholm, potentially impacting stakeholders by altering the company’s financial structure and market positioning.

The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK9.00 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.

Eltel Secures EUR 81 Million Agreement with Caruna

Eltel Finland has signed a significant frame agreement with Caruna, Finland’s largest electricity distribution company, valued at approximately EUR 81 million. This agreement, which spans from March 2026 to 2030 with potential extensions, positions Eltel as a key player in maintaining and servicing large parts of Caruna’s network areas, thereby strengthening its market presence in Finland.

The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK9.00 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.

Eltel Secures EUR 38 Million Contract for Finnish Data Center

Eltel AB has secured a EUR 38 million contract to build grid connections for DayOne’s new data center in Lahti, Finland. The project includes the delivery of a 110 kV substation and cabling to the Lahti Energia grid, with completion expected by early 2027. This contract highlights Eltel’s expertise in integrating power and communication services for data centers, reinforcing its position in the data center market with a focus on reliability and sustainability.

The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK9.00 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.

Eltel AB Seeks Nasdaq Transfer Market Listing for EUR 130 Million Bonds

Eltel AB has applied for its senior secured bonds, amounting to EUR 130 million with a four-year tenor, to be listed on the Nasdaq Transfer Market. This move is expected to enhance the company’s financial flexibility and visibility in the market, with trading anticipated to commence around August 20, 2025, potentially impacting its market positioning positively.

Eltel AB Reports Improved Profitability Amidst Declining Sales

Eltel AB reported a decrease in net sales for the first half of 2025, but showed improved profitability with an increase in gross profit and adjusted EBITA. The company signed significant new contracts and completed a comprehensive refinancing of its debt portfolio, positioning itself for future growth. Despite global uncertainties affecting decision-making, Eltel’s operations in Sweden and Finland showed strong growth, particularly in renewable energy and data centers. The company’s strategic focus on operational excellence and new business development is expected to drive future profitability and market positioning.