Ellomay (ELLO) AI Stock Analysis

• Market Cap: ₪1.15B
• Dividend Yield: N/A
• Average Volume (3M): 7.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.61
• Revenue Growth: -6.85%
• EPS Growth: 1.72%
• Country: IL
• Employees: 26
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): 79.00
• Shares Outstanding: 13,779,585
• 10 Day Avg. Volume: 2,004
• 30 Day Avg. Volume: 7,528
• PEG Ratio: 0.12
• Price to Book (P/B): 1.69
• Price to Sales (P/S): 4.95
• P/FCF Ratio: -2.97
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: 8,563.00 ▲(0.50% Upside)

The score is held back primarily by balance-sheet and cash-flow risk (high leverage and deeply negative free cash flow) despite a strong TTM earnings and revenue rebound. Technically, the trend is strong, but overbought signals raise near-term risk. Valuation support is limited due to a negative P/E and no dividend yield data.

Positive Factors

Operational Efficiency

High EBIT and EBITDA margins indicate effective cost management and strong operational performance, which can sustain profitability over time.

Stable Revenue Stream

Long-term PPAs provide a predictable revenue stream, reducing volatility and enhancing financial stability, crucial for long-term planning and investment.

Industry Position

Engagement in diverse renewable energy projects positions Ellomay well in a growing industry, benefiting from global shifts towards sustainable energy.

Negative Factors

High Financial Leverage

High leverage can strain financial resources and limit flexibility, posing risks to long-term financial health and ability to invest in growth.

Negative Free Cash Flow

Negative free cash flow suggests that current operations are not generating enough cash to cover investments, potentially impacting future growth and liquidity.

Revenue Decline

A decline in revenue growth can signal market challenges or operational issues, potentially affecting future profitability and market position.

Ellomay Business Overview & Revenue Model

Company Description

Ellomay Capital Ltd., together with its subsidiaries, engages in the production of renewable and clean energy in Israel, Spain, and the Netherlands. The company owns six photovoltaic (PV) plants comprising four PV plants in Spain with an aggregate installed capacity of approximately 7.9 megawatts (MW); one PV plant with a peak capacity of 300 MW in the municipality of Talaván, Spain; and one PV plant in Israel with an installed capacity of approximately 9 MW. It also operates a dual-fuel operated power plant with an installed capacity of approximately 860 MWp in the vicinity of Ashkelon, Israel; and constructs a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel. In addition, the company develops anaerobic digestion plants with a green gas production capacity of approximately 375 Nm3/h in Goor and 475 Nm3/h in Oude-Tonge in the Netherlands. Further, it is involved in the construction of a PV plant with installed capacity of 28MW in the municipality of Talaván, Spain. The company was formerly known as NUR Macroprinters Ltd. and changed its name to Ellomay Capital Ltd. in April 2008. Ellomay Capital Ltd. was incorporated in 1987 and is headquartered in Tel Aviv-Yafo, Israel.

How the Company Makes Money

Ellomay generates revenue primarily through the sale of electricity produced by its solar energy facilities. The company enters into long-term power purchase agreements (PPAs) with utilities and other organizations, ensuring a stable revenue stream from the electricity generated. Additionally, revenue is supplemented by government incentives and subsidies aimed at promoting renewable energy production. Significant partnerships with local governments and energy companies also contribute to its earnings, allowing Ellomay to expand its operational footprint and increase its capacity in the renewable energy market.

Ellomay Financial Statement Overview

Summary

Strong TTM rebound in revenue (+91.6%) and profitability (net margin ~36.7%) supports the score, but it is heavily offset by very high leverage (debt-to-equity ~3.8x) and persistently negative free cash flow (TTM about -$96.5M), which raises financial flexibility risk.

Income Statement

TTM (Trailing-Twelve-Months) shows a sharp rebound: revenue surged (+91.6%) and profitability improved materially, with a strong net profit margin (~36.7%) and positive operating profit. That said, results have been volatile across the annual periods (loss in 2024 after modest profits in 2022–2023), and gross margin remains relatively thin in the latest period (~22%), suggesting earnings quality and durability should be watched.

Balance Sheet

Leverage is the key constraint: debt-to-equity is elevated (around ~3.8x in TTM (Trailing-Twelve-Months), and ~4.4x in 2024), which reduces financial flexibility and increases sensitivity to refinancing and rate/asset-performance swings. While return on equity is positive in TTM (Trailing-Twelve-Months) (~12.7%), the capital structure remains debt-heavy versus equity.

Cash Flow

Operating cash flow is positive in TTM (Trailing-Twelve-Months) (~$52.9M), but free cash flow is deeply negative (about -$96.5M), indicating heavy investment/capex or working-capital drag. Cash generation also does not translate cleanly into reported earnings (free cash flow is negative relative to net income), and annual periods show consistently negative free cash flow as well.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.82M	40.47M	48.83M	52.24M	44.78M	9.64M
Gross Profit	7.99M	4.78M	21.51M	24.79M	12.18M	1.72M
EBITDA	23.91M	20.43M	29.50M	26.98M	18.69M	1.15M
Net Income	-532.00K	-6.52M	2.22M	-357.00K	-15.09M	-4.63M
Balance Sheet
Total Assets	766.89M	677.26M	612.85M	576.16M	551.15M	460.17M
Cash, Cash Equivalents and Short-Term Investments	50.43M	41.13M	52.12M	49.29M	71.58M	76.72M
Total Debt	552.28M	521.06M	446.40M	407.04M	376.32M	308.25M
Total Liabilities	596.14M	547.97M	487.75M	493.08M	437.66M	335.15M
Stockholders Equity	144.63M	118.62M	115.00M	95.72M	115.52M	124.23M
Cash Flow
Free Cash Flow	-66.04M	-67.47M	-52.53M	-37.29M	-67.57M	-134.25M
Operating Cash Flow	19.30M	7.97M	8.60M	11.32M	15.24M	-5.83M
Investing Cash Flow	-78.77M	-64.44M	-55.55M	-24.38M	-107.42M	-112.14M
Financing Cash Flow	47.79M	42.96M	54.43M	26.51M	54.20M	141.64M

Ellomay Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8520.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ELLO, the sentiment is Neutral. The current price of 8520 is below the 20-day moving average (MA) of 8540.15, above the 50-day MA of 7749.36, and above the 200-day MA of 6317.75, indicating a neutral trend. The MACD of 166.61 indicates Positive momentum. The RSI at 47.84 is Neutral, neither overbought nor oversold. The STOCH value of 26.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IL:ELLO.

Ellomay Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
ECNR	54 Neutral	₪3.87B	-170.62	―	―	-9.53%	-125.66%
MSKE	52 Neutral	₪7.65B	―	―	―	―	―
ELLO	51 Neutral	₪1.15B	-158.35	-3.99%	―	-6.85%	1.72%
DORL	51 Neutral	₪8.70B	-22.29	―	―	113.54%	-242.38%