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Elanor Investors Group
(Sydney:ENN)
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Rating:42Neutral
Price Target:
AU$0.07
â–Ľ(-91.83% Downside)
Action:N/A
Date:07/01/26
The score is weighed down primarily by weak financial performance—recurring net losses, a return to operating losses, highly leveraged balance sheet metrics, and negative operating cash flow. Technicals add further downside pressure as the stock trades well below all provided moving averages. Valuation is only modestly supportive because the negative P/E is not meaningful and no dividend yield is available.
Positive Factors
Recurring fee-based business model
Elanor's core model combines recurring management fees with co-investment income, creating steady fee revenue independent of short-term asset sales. This fee base supports predictable cash inflows and aligns interests with investors through co-investment, aiding AUM retention and long-term platform economics.
Negative Factors
Extreme leverage
Very high debt-to-equity (~11x) and a prior negative equity reading materially weaken balance sheet resilience. This elevates refinancing, covenant and valuation risk, limits financial flexibility for new investments, and amplifies losses from asset value drops, constraining strategic options for months.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee-based business model
Elanor's core model combines recurring management fees with co-investment income, creating steady fee revenue independent of short-term asset sales. This fee base supports predictable cash inflows and aligns interests with investors through co-investment, aiding AUM retention and long-term platform economics.
Read all positive factors
Elanor Investors Group (ENN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.33M
Dividend Yield5.98%
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)-0.56
Revenue Growth-11.37%
EPS Growth77.98%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.19
Shares Outstanding131,921,480
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)4.00
Price to Sales (P/S)0.80
P/FCF Ratio0.00
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)0.11
Revenue Forecast (FY)AU$53.30M
Elanor Investors Group Business Overview & Revenue Model
Company Description
Elanor Investors Group is a real estate investment firm. The firm seeks to invest in the hospitality and accommodation sector with a focus on hotels and tourism in Australia. Elanor Investors Group is based in Australia....
How the Company Makes Money
Elanor Investors Group makes money primarily through (1) funds/asset management income and (2) investment income from its own balance-sheet interests in real estate and real estate-related vehicles. Management income is typically earned for managi...
Elanor Investors Group Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
18
Very Negative
Cash Flow
21
Negative
| Breakdown | TTM | Jun 2025 | Jun 2025 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 139.30M | 155.17M | 156.95M | 152.34M | 102.77M | 90.94M |
| Gross Profit | 72.64M | 79.78M | 84.21M | 88.85M | 69.50M | 61.39M |
| EBITDA | 12.87M | 2.51M | 21.11M | 24.86M | 14.97M | 25.66M |
| Net Income | -29.68M | -40.19M | -51.37M | -16.98M | 966.00K | 9.04M |
Balance Sheet | ||||||
| Total Assets | 394.43M | 554.99M | 673.46M | 779.92M | 714.15M | 544.13M |
| Cash, Cash Equivalents and Short-Term Investments | 13.37M | 12.99M | 17.59M | 29.36M | 29.96M | 20.77M |
| Total Debt | 190.79M | 351.72M | 419.28M | 384.46M | 341.25M | 269.83M |
| Total Liabilities | 260.29M | 395.89M | 469.06M | 427.60M | 372.90M | 300.15M |
| Stockholders Equity | 16.87M | 31.17M | -6.07M | 143.61M | 163.70M | 174.11M |
Cash Flow | ||||||
| Free Cash Flow | 1.02M | 0.00 | -38.22M | -54.79M | -18.35M | 14.12M |
| Operating Cash Flow | 4.12M | -8.67M | -7.51M | 17.93M | 3.62M | 19.75M |
| Investing Cash Flow | 152.14M | 73.16M | -37.63M | -61.81M | -17.73M | 8.98M |
| Financing Cash Flow | -157.25M | -69.09M | 37.46M | 41.37M | 21.12M | -31.51M |
Elanor Investors Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$50.45M | 5.61 | 35.99% | 6.39% | 0.11% | 21.50% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | AU$75.37M | 16.29 | 13.05% | 7.14% | 12.06% | -41.22% | |
62 Neutral | AU$55.61M | 11.38 | 8.15% | 7.22% | 24.53% | 50.00% | |
42 Neutral | AU$8.33M | -4.22 | -11.05% | 5.98% | -11.37% | 77.98% |
* Financial Sector Average
AU:ENN
Elanor Investors Group
0.07
-0.75
-92.07%
AU:MAM
Microequities Asset Management Group Ltd.
0.39
-0.05
-10.55%
AU:CAF
Centrepoint Alliance Limited
0.36
<0.01
1.98%
AU:PFG
Prime Financial Group Limited
0.22
<0.01
2.38%
Elanor Investors Group Corporate Events
Elanor to Release 4.47 Million Escrowed Stapled Securities
Jun 30, 2026
Elanor Investors Group has announced that 4,473,684 fully paid ordinary stapled securities, issued on 7 July 2023 and held under voluntary escrow, will be released on 7 July 2026. The securities were acquired by Abu Dhabi Investment Council in con...
Elanor Investors Group Issues 5 Million Unquoted Performance Rights Under Incentive Plan
Jun 30, 2026
Elanor Investors Group has notified the market of the issue of 5,025,000 unquoted performance rights under an employee incentive scheme, effective June 30, 2026. These securities, which will not be quoted on the ASX, are part of the group’s ...
Elanor Director Karyn Baylis Increases Direct Stapled Security Holding
Jun 29, 2026
Elanor Investors Group has disclosed a change in director Karyn Lee Baylis’s relevant interests in the company’s stapled securities, following an on‑market trade. Baylis increased her direct holding by acquiring 75,000 fully paid...
Elanor director lifts stake with additional stapled securities purchase
Jun 26, 2026
Elanor Investors Group has disclosed a change in director Anthony Fehon’s relevant interest in the company’s fully paid stapled securities, held indirectly via TPF Administration Pty Ltd as trustee for the Fehon Family Super Fund. The ...
Elanor Director Karyn Baylis Increases Indirect Stake via On-Market Purchase
Jun 17, 2026
Elanor Investors Group has disclosed a change in director Karyn Lee Baylis’s relevant interest in the company’s stapled securities. The filing reports that an associated self-managed superannuation account, held jointly with her spouse...
Elanor Investors Group Calls Extraordinary General Meeting for July 2026
Jun 17, 2026
Elanor Investors Group has issued a notice convening an Extraordinary General Meeting for shareholders of Elanor Investors Limited and unitholders of the Elanor Investment Fund. The meeting is scheduled to be held in person on 22 July 2026 at 10:0...
Elanor Director Increases Stake to 300,000 Stapled Securities
Jun 17, 2026
Elanor Investors Group has disclosed a change in the interests of director Anthony Fehon, who holds his stake indirectly through the Fehon Family Super Fund. The notice details updates to his position in fully paid stapled securities of Elanor Inv...
Elanor Director Ian Mackie Acquires First Stake in Stapled Securities
Jun 16, 2026
Elanor Investors Group has disclosed a change in director Ian Roderick Mackie’s holdings, with the board member acquiring 172,069 fully paid stapled securities via an on-market trade. The purchase, completed on 12 June 2026 for a total consi...
Elanor Director Katherine Ostin Acquires Over 2 Million Stapled Securities
Jun 16, 2026
Elanor Investors Group has disclosed a change in director Katherine Ostin’s interests, with an associated entity, Nitso Pty Ltd as trustee for The Ostin-Shortus Family Trust, acquiring 2,085,714 fully paid stapled securities in Elanor on 12 ...
Elanor Investors Group Trading Suspension Lifted After Financial Update
Jun 10, 2026
Elanor Investors Group has had the suspension of trading in its securities lifted by the ASX, with quotation to resume from the start of trading on 11 June 2026. The reinstatement follows the release of a pro forma financial position as at 31 Dece...
Elanor Plans Investor Briefing Ahead of ASX Trading Reinstatement
Jun 10, 2026
Elanor Investors Group will hold an investor briefing conference call and webcast on 11 June 2026 to outline its strategy, financial position, and outlook. The timing of the briefing coincides with the planned reinstatement of trading in ENN secur...
Elanor Investors Corrects Pro Forma Balance Sheet in ASX Reinstatement
Jun 9, 2026
Elanor Investors Group has corrected an error in the consolidated pro forma balance sheet it released earlier in the day as part of its ASX reinstatement. The company clarified that its consolidated net tangible assets should be $131.8 million on ...
Elanor returns to ASX after recapitalisation and governance overhaul
Jun 9, 2026
Elanor Investors Group will have its securities reinstated to trading on the ASX on 11 June 2026 after completing a $125 million recapitalisation and extensive balance sheet restructuring. The company says these actions have lowered its cost of ca...
Elanor Investors Group Issues Market Update to ASX
Jun 9, 2026
Elanor Investors Group has released a market update presentation to the Australian Securities Exchange, providing investors with further information on its activities and outlook. The update is expected to inform stakeholders about the performance...
Elanor accelerates deleveraging with Rockworth recapitalisation and asset sales
Jun 9, 2026
Elanor Investors Group reported that the March 2026 quarter was dominated by efforts to stabilise its balance sheet, cut costs, and streamline operations into a capital-light, funds management-led platform. The group is concentrating on core real ...
Elanor Investors Group cleared for ASX trading reinstatement on 11 June
Jun 9, 2026
Elanor Investors Group says the ASX has confirmed it will reinstate trading in the group’s securities on 11 June 2026, after the company satisfied conditions including providing a pro forma financial position as at 31 December 2025. The grou...
Elanor Investors Group Announces Departure of Director Su Kiat Lim
Jun 4, 2026
Elanor Investors Group has disclosed that director Su Kiat Lim has ceased to be a director of the group as of 2 June 2026, in line with ASX disclosure requirements. The notice confirms that Lim held no relevant interests in Elanor securities, eith...
Elanor tightens securities trading rules with updated policy
Jun 3, 2026
Elanor Investors Group has adopted an updated securities trading policy, effective 2 June 2026, as part of its commitment to maintaining market confidence and lawful dealings in its securities. The revised policy sets rules for officers, staff and...
Elanor Investors Names New CEO as Board Resets for Post-Recapitalisation Growth
Jun 3, 2026
Elanor Investors Group has appointed David McNamara as chief executive officer, effective 22 June 2026, bringing more than three decades of experience in real estate investment, funds management and capital markets to lead the next phase of the gr...
Elanor Issues 30 Million Unquoted Warrants as Part of Capital Strategy
May 31, 2026
Elanor Investors Group has notified the market of the issue of 30 million unquoted warrants, with an issue date of 17 April 2026. The securities form a new class that will not be quoted on the ASX and arise from transactions previously flagged in ...
Elanor Drops Firmus Acquisition but Pushes Ahead on Rockworth Alliance and ASX Trading Return
May 29, 2026
Elanor Investors Group has confirmed that its previously proposed acquisition of Singapore-based real estate investment manager Firmus Capital will not proceed in its current form, after delays and uncertainty in securing regulatory approvals and ...
Elanor Investors Group Switches Group Auditor to Ernst & Young
May 21, 2026
Elanor Investors Group has appointed Ernst Young as its new external auditor for the financial year ending 30 June 2026, following a competitive tender overseen by the Audit and Risk Committee. Ernst Young will replace PricewaterhouseCoopers, wh...
Elanor gains ASX waiver to keep Firmus Capital acquisition on track
May 21, 2026
Elanor Investors Group has secured an ASX waiver that allows it extra time to issue stapled securities as consideration for its planned acquisition of Singapore-based real estate investment manager Firmus Capital. The deal would add approximately ...
Challenger Exits Substantial Holder Position in Elanor Investors Group
Apr 23, 2026
Challenger Limited has notified the market that it has ceased to be a substantial holder in Elanor Investors Group, which comprises Elanor Investors Limited and the Elanor Investment Fund. The change follows clawback and buyback arrangements previ...
Elanor Investors Group Named on ASX Long‑Term Suspension List With 2026 Reinstatement Deadline
Apr 17, 2026
Elanor Investors Group has been named by the ASX among entities whose securities have been suspended from trading for more than three months, placing the company on the exchange’s long‑term suspended list. The notice outlines deadlines...
Elanor completes $125m recapitalisation and advances Pan-Asian growth plans
Apr 17, 2026
Elanor Investors Group has completed a $125 million balance sheet recapitalisation with Rockworth Capital Partners, comprising new senior secured debt, perpetual subordinated notes, and unlisted warrants. The proceeds have been used to repay exist...
Elanor sinks deeper into loss as funding costs bite and FUM halves
Apr 9, 2026
Elanor Investors Group reported a HY26 core earnings loss of $8.9 million and no distribution for the half year to 31 December 2025, as higher borrowing costs from short-term bridging finance and elevated gearing of 79.1% weighed on results and cu...
Elanor Investors Group Swings to Deeper Loss as NTA and Revenue Slide
Apr 9, 2026
Elanor Investors Group reported a sharp deterioration in its half-year financial performance for the period ended 31 December 2025, with revenue from ordinary activities falling 14.4% to $57.2 million and the loss attributable to security holders ...
Elanor Investors Group Reports Voting Outcomes from 2025 AGM
Apr 9, 2026
Elanor Investors Group has released the voting results from its 2025 Annual General Meeting, held on 9 April 2026 in Sydney, in line with ASX Listing Rule 3.13.2 and Australian corporate law. The disclosure confirms that all resolutions put to sec...
Elanor Investors Group Details FY25 Reset and Asset Sales at AGM
Apr 9, 2026
Elanor Investors Group has used its 2025 Annual General Meeting to outline how it navigated a difficult FY25 marked by a rapidly deteriorating operating and capital environment. The board concentrated on stabilising the business, protecting invest...
Elanor strikes $125m recapitalisation deal and pushes reset with governance overhaul
Apr 7, 2026
Elanor Investors Group has executed documentation for a $125 million recapitalisation with Rockworth Capital Partners, designed to refinance existing debt, redeem corporate notes and provide additional working capital to stabilise the balance shee...
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.