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Eltel AB
(ELTEL)
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Rating:53Neutral
Price Target:
kr14.00
▲(51.84% Upside)
Action:Reiterated
Date:06/26/26
The score is held back primarily by weak cash generation (negative operating and free cash flow) and still-elevated leverage despite the return to profitability. Offsetting this, technicals are supportive with a strong uptrend and positive momentum. Valuation remains a headwind due to a high P/E.
Positive Factors
Return to profitability
A return to positive EBIT and net income indicates operational recovery and improved execution. Over the next 2–6 months this strengthens the company's ability to cover fixed costs and supports reinvestment in project delivery, reducing the immediate risk of restructuring and enabling focus on margin recovery.
Negative Factors
Negative operating and free cash flow
Negative operating and free cash flow in the trailing twelve months materially increases funding and liquidity risk. Persisting cash outflows constrain the firm's ability to fund working capital, invest in projects, and service debt without external financing, creating structural vulnerability if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability
A return to positive EBIT and net income indicates operational recovery and improved execution. Over the next 2–6 months this strengthens the company's ability to cover fixed costs and supports reinvestment in project delivery, reducing the immediate risk of restructuring and enabling focus on margin recovery.
Read all positive factors
Eltel AB (ELTEL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.91B
Dividend YieldN/A
Average Volume (3M)49.14K
Price to Earnings (P/E)65.6
Beta (1Y)0.46
Revenue Growth-2.32%
EPS GrowthN/A
CountrySE
Employees3,677
SectorCommunication Services
Sector Strength97
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding156,736,790
10 Day Avg. Volume37,496
30 Day Avg. Volume49,144
Financial Highlights & Ratios
PEG Ratio-2.60
Price to Book (P/B)0.83
Price to Sales (P/S)0.16
P/FCF Ratio5.50
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)0.07
Revenue Forecast (FY)kr867.55M
Eltel AB Business Overview & Revenue Model
Company Description
Eltel AB (publ) is a specialized provider of technical services for vital power and communication infrastructure across numerous countries, including Sweden, Finland, Norway, Poland, Denmark, Germany, and Lithuania, with an additional internationa...
How the Company Makes Money
Eltel makes money by selling contracted technical services to customers that own or operate critical infrastructure (primarily telecom operators and power utilities). Revenue is mainly generated through (1) project-based work—turnkey or multi-phas...
Eltel AB Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
52
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 843.81M | 817.80M | 828.70M | 850.10M | 823.60M | 812.60M |
| Gross Profit | 106.47M | 105.10M | 91.90M | 75.60M | 74.70M | 88.10M |
| EBITDA | 52.61M | 47.30M | 13.70M | 24.80M | 25.90M | 45.40M |
| Net Income | 3.36M | 2.20M | -29.70M | -7.90M | -14.90M | 4.30M |
Balance Sheet | ||||||
| Total Assets | 598.60M | 653.22M | 585.40M | 624.30M | 621.70M | 630.80M |
| Cash, Cash Equivalents and Short-Term Investments | 14.40M | 43.65M | 21.30M | 24.70M | 47.90M | 32.30M |
| Total Debt | 183.00M | 185.80M | 135.00M | 124.90M | 172.90M | 154.10M |
| Total Liabilities | 430.40M | 484.91M | 396.10M | 400.60M | 410.20M | 402.90M |
| Stockholders Equity | 159.70M | 159.94M | 181.30M | 216.10M | 204.10M | 220.20M |
Cash Flow | ||||||
| Free Cash Flow | -9.59M | 24.04M | 25.10M | 29.60M | 12.30M | 17.90M |
| Operating Cash Flow | -3.68M | 29.24M | 27.50M | 34.00M | 16.40M | 22.30M |
| Investing Cash Flow | -5.81M | -5.09M | -6.60M | -4.30M | -3.90M | -2.90M |
| Financing Cash Flow | -4.62M | -1.22M | -24.00M | -52.30M | 3.10M | -13.70M |
Eltel AB Technical Analysis
Neutral
9.22
Price Trends
12.26
Negative
10.58
Positive
9.76
Positive
Market Momentum
0.05
Positive
46.35
Neutral
22.24
Neutral
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 9.22 is below the 20-day moving average (MA) of 13.04, below the 50-day MA of 12.26, and below the 200-day MA of 9.76, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 46.35 is Neutral, neither overbought nor oversold. The STOCH value of 22.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:ELTEL.
Eltel AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | kr1.62B | 11.52 | ― | 1.24% | 12.12% | 103.57% | |
68 Neutral | kr10.07B | 26.81 | 11.66% | 2.67% | 0.30% | 28.26% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | kr6.04B | -17.38 | -3.72% | ― | -24.35% | -910.68% | |
53 Neutral | kr1.91B | 65.58 | 0.72% | ― | -2.32% | ― | |
51 Neutral | kr1.72B | -6.46 | ― | ― | 4.23% | -1919.42% | |
45 Neutral | kr367.38M | -0.20 | -73.61% | ― | -34.50% | -14.70% |
* Communication Services Sector Average
SE:ELTEL
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Eltel AB Corporate Events
Eltel Lands Record Finnish Grid Contract to Boost Renewable Capacity
Jul 3, 2026
Eltel has secured a EUR 34 million contract from Finnish grid operator Fingrid to build two parallel 400+110 kV transmission lines over approximately 43 kilometers in central Finland, marking the largest single transmission line project in the cou...
Eltel Wins EUR 20 Million Grid Contract for Finnish Data Center
Jul 3, 2026
Eltel has secured a EUR 20 million contract to deliver the grid connection for FCDC’s new data center in Karjaa, Finland, including a turnkey 110 kV substation and cabling to the national transmission grid, with completion scheduled by the e...
Eltel wins Vattenfall grid service contract worth up to EUR 275 million
Jun 8, 2026
Eltel has received a contract award decision from Vattenfall Eldistribution for a major service and maintenance agreement covering the Roslagen and Uppland electricity network areas in Sweden. The initial four-year term is valued at about EUR 137....
Eltel adjusts share and vote structure to fund long-term incentive programs
May 29, 2026
Eltel AB has increased its total number of shares and votes through the issuance of 5,090,500 new class C shares in May 2026, raising share capital by EUR 50,905. These class C shares, which carry one-tenth of a vote each, were issued under a mand...
Eltel AGM backs new long-term incentive plan and broad share authorisations
May 12, 2026
Eltel AB’s 2026 Annual General Meeting in Stockholm approved the 2025 financial statements, confirmed no dividend for the year and granted discharge from liability to the board and CEO, underscoring a focus on balance sheet strength over imm...
Eltel Issues and Buys Back Class C Shares to Fund Long-Term Incentive Programs
May 4, 2026
Eltel AB’s board has resolved to issue and immediately re-purchase 5,090,500 class C shares under mandates from the 2025 AGM to support long-term incentive programs LTIP 2024 and LTIP 2025. Nordea Bank’s Swedish branch will subscribe f...
Eltel posts strongest Q1 in a decade as Nordic energy and data projects drive growth
Apr 30, 2026
Eltel reported its strongest first-quarter results in a decade, with net sales rising 12.8% year-on-year to EUR 191.3 million and adjusted EBITA more than tripling to EUR 3.1 million, even though margins remain relatively low. Growth was driven pr...
Eltel secures EUR 60 million long-term network deal with Elisa
Apr 29, 2026
Eltel has signed a new framework agreement with Elisa, Finland’s leading telecommunications and digital services operator, securing work on mobile and fixed network services in selected regions through 2029. The deal, valued at about EUR 60 ...
Eltel schedules webcast for Q1 2026 results presentation
Apr 16, 2026
Eltel AB, a key Nordic infrastructure services company specializing in communication and power networks and renewable energy solutions, operates across the Nordics, Germany and Lithuania from its Swedish headquarters and is listed on Nasdaq Stockh...
Eltel sets May date and detailed procedures for 2026 AGM
Apr 9, 2026
Eltel AB has called its 2026 Annual General Meeting for 12 May in central Stockholm, giving shareholders the choice of attending in person or exercising their voting rights remotely. The notice details registration deadlines, participation rules a...
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.