Eltel AB (ELTEL) AI Stock Analysis

• Market Cap: kr1.44B
• Dividend Yield: N/A
• Average Volume (3M): 49.14K
• Price to Earnings (P/E): 106.4
• Beta (1Y): 0.31
• Revenue Growth: -6.38%
• EPS Growth: N/A
• Country: SE
• Employees: 3,956
• Sector: Communication Services
• Sector Strength: 97
• Industry: Engineering & Construction
• EPS (TTM): 0.19
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: kr9.50 ▲(3.04% Upside)

Eltel AB's overall stock score is primarily influenced by its strong revenue growth and positive market momentum. However, significant concerns arise from its high P/E ratio, indicating overvaluation, and financial risks due to high leverage and poor cash flow management. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Strong revenue growth indicates Eltel's ability to expand its market presence and capture new business opportunities, supporting long-term growth.

Market Position

Being a leader in the Nordic region provides Eltel with a competitive advantage and stable demand for its services, ensuring sustained business operations.

Long-term Contracts

Long-term contracts provide Eltel with predictable revenue streams and financial stability, allowing for better strategic planning and investment.

Negative Factors

High Leverage

High leverage can increase financial risk, limit flexibility, and strain cash flow, potentially impacting Eltel's ability to invest in growth opportunities.

Cash Flow Management

Poor cash flow management can hinder Eltel's ability to fund operations and growth initiatives, affecting long-term financial health and stability.

Profitability Challenges

Low profitability suggests difficulties in converting revenue into profit, which may affect Eltel's ability to reinvest in the business and improve operational efficiency.

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 faces significant financial challenges, with declining revenue and profitability, high leverage, and decreasing cash flow growth. While there are some positive aspects, such as cash conversion efficiency, the overall financial health is concerning. The company needs to address its operational inefficiencies and manage its debt to improve its financial standing.

Income Statement

Eltel AB's income statement reveals challenges in revenue growth and profitability. The TTM data shows a decline in revenue and zero net income, indicating operational difficulties. Gross profit margin is relatively low at 11.93%, and the net profit margin is at 0%, reflecting no profitability. The EBIT and EBITDA margins are modest, suggesting limited operational efficiency. The negative revenue growth rate of -1.81% in the TTM period highlights a declining trend.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.76 in the TTM period, indicating significant leverage and potential financial risk. The return on equity is 0%, showing no return for shareholders. However, the equity ratio is reasonable, suggesting some stability in asset financing. The company's financial structure may pose risks if revenue and profitability do not improve.

Cash Flow

Cash flow analysis indicates a decline in free cash flow growth by -12.53% in the TTM period, which is concerning. However, the operating cash flow to net income ratio is positive, suggesting some cash generation capability. The free cash flow to net income ratio is high at 0.93, indicating efficient cash conversion despite profitability challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.91B	828.70M	850.10M	823.60M	812.60M	938.00M
Gross Profit	381.48M	91.90M	75.60M	74.70M	88.10M	99.40M
EBITDA	207.58M	13.70M	24.80M	25.90M	45.40M	59.40M
Net Income	29.02M	-29.70M	-7.90M	-14.90M	4.30M	4.70M
Balance Sheet
Total Assets	7.03B	585.40M	624.30M	621.70M	630.80M	677.30M
Cash, Cash Equivalents and Short-Term Investments	152.50M	21.30M	24.70M	47.90M	32.30M	61.00M
Total Debt	2.06B	135.00M	124.90M	172.90M	154.10M	150.60M
Total Liabilities	5.24B	396.10M	400.60M	410.20M	402.90M	458.20M
Stockholders Equity	1.70B	181.30M	216.10M	204.10M	220.20M	211.60M
Cash Flow
Free Cash Flow	-186.11M	25.10M	29.60M	12.30M	17.90M	43.00M
Operating Cash Flow	-165.62M	27.50M	34.00M	16.40M	22.30M	49.40M
Investing Cash Flow	-19.28M	-6.60M	-4.30M	-3.90M	-2.90M	33.50M
Financing Cash Flow	-878.08M	-24.00M	-52.30M	3.10M	-13.70M	-121.60M

Eltel AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.22
• 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 SE:ELTEL, the sentiment is Positive. The current price of 9.22 is above the 20-day moving average (MA) of 9.14, above the 50-day MA of 8.91, and above the 200-day MA of 8.99, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 34.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ELTEL.

Eltel AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BYGGP	64 Neutral	kr1.83B	16.84	―	1.24%	4.25%	127.31%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
INSTAL	59 Neutral	kr7.29B	28.24	8.12%	2.67%	-3.68%	-48.79%
ELTEL	56 Neutral	kr1.44B	106.37	0.72%	―	-6.38%	―
FG	54 Neutral	kr1.64B	-1,020.13	―	―	8.40%	-101.19%
VESTUM	50 Neutral	kr3.06B	-105.44	-0.85%	―	-27.41%	49.11%
WBGR.B	40 Underperform	kr576.39M	-0.78	-56.98%	―	-0.02%	-50.72%

Eltel AB Corporate Events

Eltel Seeks Bondholder Approval for New EUR 60m Guarantee Facilities to Support Growth

Eltel AB has launched a written procedure seeking bondholder approval to amend the terms of its EUR 130 million senior secured callable floating rate bonds so it can establish up to EUR 60 million in additional unsecured bank and insurance guarantee facilities, offering a consent fee to those voting in favour. The move is part of a broader strategic review aimed at streamlining the business and supporting growth in project-based segments such as photovoltaic solar technology and data centers, where external guarantees are often required to secure contracts and manage cash flows; aligning bond terms with the company’s super senior revolving credit facility is intended to provide greater financing flexibility, and the largest bondholders have already signalled support, suggesting a smooth approval process when the voting runs from 30 December 2025 to 15 January 2026.

The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK9.50 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.

Eltel Wins Finland’s Largest Smart Metering Contract from Caruna

Eltel’s Finnish operations have secured a EUR 23.7 million contract from electricity distributor Caruna to replace smart meters across Caruna’s entire distribution network, in what is described as the largest smart metering project in Finland by geographic scope and contract value. The programme, scheduled to start in early 2026 with mass installations running from 2027 to 2029, strengthens Eltel’s position in the Nordic smart grid and critical infrastructure services market and underscores the company’s role in supporting the region’s broader digitalisation and energy transition efforts.

The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK9.50 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.

Eltel AB to List EUR 130 Million Bonds on Nasdaq Stockholm

Eltel AB has issued senior secured floating rate bonds worth EUR 130 million, with a total framework of EUR 240 million, on the Swedish bond market. These bonds, maturing in June 2029, will be listed on Nasdaq Stockholm’s Corporate Bond list, enhancing Eltel’s financial flexibility and market presence.

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 Reports Strong Quarter with Strategic Growth and Improved Profitability

Eltel AB reported a strong quarter with improved profitability and strategic growth in new business areas like Solar PV and Data Centers. The company achieved an all-time high in adjusted EBITA over a ten-year perspective and expanded its customer base, particularly in Power. Despite a slight decline in net sales, Eltel’s gross profit and margins improved, driven by operational excellence and a focus on new contracts, including significant agreements in Finland and Sweden. The company’s efforts in green energy and infrastructure restoration, especially during storm Amy, highlight its commitment to societal contributions.

The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK8.50 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.

Eltel AB Announces Nomination Committee for 2026 AGM

Eltel AB has announced the composition of its Nomination Committee for the 2026 Annual General Meeting (AGM), which includes representatives from its four largest shareholders. The committee, chaired by Gustaf Backemar, is tasked with proposing the election and remuneration of the Board of Directors and statutory auditor. This development is significant for stakeholders as it outlines the governance framework and shareholder influence in Eltel’s strategic decisions leading up to the AGM scheduled for May 2026.

The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK8.50 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.

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.