Elysee Development (ELC) AI Stock Analysis

• Market Cap: C$16.15M
• Dividend Yield: 1.96%
• Average Volume (3M): 24.68K
• Price to Earnings (P/E): 1.9
• Beta (1Y): 0.42
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 3
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.19
• Shares Outstanding: 28,341,860
• 10 Day Avg. Volume: 48,460
• 30 Day Avg. Volume: 24,680
• PEG Ratio: -0.11
• Price to Book (P/B): 0.71
• Price to Sales (P/S): -13.58
• P/FCF Ratio: -7.00
• 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: 70 Outperform
• Price Target: C$0.66 ▲(27.12% Upside)

The score is driven primarily by mixed financial quality: a strong, low-leverage balance sheet and improved recent results are offset by highly volatile revenue/cash flow and potential non-recurring earnings effects. Valuation is very attractive (low P/E with a dividend), technicals are neutral-to-mildly constructive, and corporate events add support via reduced debenture overhang and investment gains plus shareholder distributions.

Positive Factors

Conservative capital structure

Low leverage and a materially larger equity base provide durable financial flexibility. Over a 2–6 month horizon this reduces solvency and refinancing risk, supports opportunistic investments or buybacks, and allows the firm to absorb operating volatility without forced balance-sheet fixes.

Positive trailing free cash flow

Current positive TTM free cash flow indicates the company can internally fund distributions, debt repayment, or strategic investments. Despite past variability, present cash conversion strength provides near-term funding optionality and reduces reliance on external financing for corporate initiatives.

Supportive corporate actions

Recent debt redemption and realized investment gains strengthen the equity base and lower ongoing interest costs, while a special dividend shows management willingness to return capital. These structural actions reduce overhang and improve capital allocation flexibility over coming months.

Negative Factors

Highly volatile revenue and cash flow

Large swings in revenue and cash flows undermine predictability of earnings and cash available for reinvestment or distributions. This volatility complicates budgeting, increases stress on margins if one-time gains reverse, and raises the operational risk profile over the medium term.

Earnings quality concerns (one-time items)

Margins and ROE appear materially boosted by non-operating gains rather than recurring fee income. If these gains are not repeatable, reported profitability can revert quickly, exposing the firm to earnings shocks and making cash-flow forecasts and dividend sustainability uncertain.

History of operating losses and weak revenue base

Multiple prior loss years and a negative revenue year indicate structural instability in core operations. A tiny employee base (3 heads) suggests reliance on asset returns rather than scalable fee-based growth, limiting durable organic revenue expansion and increasing dependence on market-driven gains.

Elysee Development Business Overview & Revenue Model

Company Description

Elysee Development Corp. operates as an investment and venture capital firm that makes growth capital investments. The firm makes investments, with a focus on the natural resource sector. Its investment portfolio consists of equity investments in small and medium sized public companies, with a focus on precious and specialty metals; and investments in convertible debentures of mining companies. The company was formerly known as Alberta Star Development Corp. and changed its name to Elysee Development Corp. in July 2015. Elysee Development Corp. was incorporated in 1996 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Elysee Development makes money through multiple revenue streams. The primary source of income is the sale of residential and commercial properties developed by the company. Additionally, ELC generates revenue from property management services, including leasing and maintenance of commercial spaces. The company often forms strategic partnerships with local governments and private investors to fund large-scale projects, enhancing its financial stability and growth potential. Rental income from managed properties also contributes significantly to their earnings, providing a steady cash flow. Furthermore, ELC may engage in joint ventures or collaborations with other real estate developers to expand its market reach and leverage shared resources.

Elysee Development Financial Statement Overview

Summary

Balance sheet strength is a clear positive (low leverage and improved equity base), but results are volatile: TTM profitability appears unusually high versus revenue (suggesting non-recurring/non-operating drivers), and cash flow has been inconsistent across recent years despite positive TTM free cash flow.

Income Statement

TTM (Trailing-Twelve-Months) shows a sharp revenue rebound (+158.2%) and very strong reported profitability (EBIT and net income both far above revenue, with a net margin ~404%), suggesting results may be driven by non-operating or one-time items rather than core fee revenue. The annual history is volatile with multiple loss years (2022–2023), a weak 2024 revenue base (negative revenue), and large swings in margins—so earnings quality and repeatability look uneven despite the latest step-up.

Balance Sheet

Leverage appears conservative: debt-to-equity improved to ~0.09 in TTM (Trailing-Twelve-Months) versus ~0.15 in 2024, and equity has expanded meaningfully (to ~20.2M in TTM). Returns on equity improved materially in TTM (~53%), but prior years included negative returns (2022–2023), highlighting that profitability has not been consistently stable even though the capital structure is relatively strong.

Cash Flow

TTM (Trailing-Twelve-Months) free cash flow is positive (~3.14M) and matches operating cash flow, indicating cash conversion is currently solid. However, cash generation has been inconsistent with negative operating/free cash flow in 2024, 2022, and 2021, and the reported free-cash-flow growth is extremely volatile (large negative in TTM), which raises uncertainty about the durability of current cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.00M	-628.26K	334.74K	1.12M	4.50M	3.91M
Gross Profit	1.84M	-773.26K	197.14K	898.07K	4.26M	3.59M
EBITDA	8.28M	769.48K	-4.03M	-2.32M	40.78K	4.02M
Net Income	8.07M	652.23K	-4.03M	-2.33M	37.66K	4.02M
Balance Sheet
Total Assets	22.09M	13.82M	11.22M	15.54M	18.23M	18.77M
Cash, Cash Equivalents and Short-Term Investments	19.34M	11.47M	8.76M	11.42M	14.65M	15.68M
Total Debt	1.84M	1.80M	0.00	0.00	0.00	0.00
Total Liabilities	1.84M	1.87M	62.09K	140.80K	138.31K	322.34K
Stockholders Equity	20.25M	11.95M	11.16M	15.40M	18.09M	18.44M
Cash Flow
Free Cash Flow	3.14M	-1.22M	340.28K	-283.74K	-1.58M	2.43M
Operating Cash Flow	3.14M	-1.22M	340.28K	-283.74K	-1.58M	2.43M
Investing Cash Flow	3.49M	0.00	0.00	-62.60K	-1.07M	2.88M
Financing Cash Flow	-74.20K	1.90M	-280.25K	-555.80K	-399.68K	-742.13K

Elysee Development Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.52
• 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 TSE:ELC, the sentiment is Neutral. The current price of 0.52 is below the 20-day moving average (MA) of 0.57, below the 50-day MA of 0.53, and above the 200-day MA of 0.43, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 46.87 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ELC.

Elysee Development Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELC	70 Outperform	C$16.15M	1.93	49.20%	1.96%	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ZC	67 Neutral	C$8.62M	0.55	75.06%	―	486.23%	478.94%
PXI	55 Neutral	C$51.03M	52.38	7.59%	―	-54.44%	-78.24%
LITT	52 Neutral	C$16.06M	-14.73	-23.79%	―	―	66.12%
LBI	51 Neutral	C$15.71M	-3.66	-113.97%	―	-19.49%	-25.00%
GPK	47 Neutral	C$12.68M	-66.67	-5.53%	―	-35.59%	88.78%

Elysee Development Corporate Events

Elysee Development Reduces Debt and Announces Investment Gains

Elysee Development Corp. has redeemed a significant portion of its convertible debentures, totaling $1,685,000 in principal, resulting in reduced dilution risk and annual interest expenses, although this will incur a one-time charge of $421,250 on its earnings. Additionally, the company announced positive updates on its investments, including substantial premiums from two takeover offers involving Probe Gold Inc. and Solgold Plc., reinforcing Elysee’s profitable investment strategy.

Elysee Development Amends Convertible Debentures for Financial Flexibility

Elysee Development Corp. has announced an amendment to its 8% unsecured convertible debentures, originally issued in June 2024. The amendment allows the company to prepay its obligations under the debentures starting December 1, 2025, at a repayment rate of 125% of the principal amount, plus accrued interest, subject to approval by the TSX Venture Exchange. This move is aimed at providing flexibility in financial management and potentially improving the company’s financial positioning. Debentureholders have been contacted for approval, which is voluntary and open until December 1, 2025.

Elysee Development Corp. Reports Record Q3 Earnings Amid Strong Market Trends

Elysee Development Corp. reported a record net income of $5.37 million for Q3 2025, driven by a robust demand for precious metals and strategic investments. The company’s net asset value increased by 70% since the start of the year, reflecting strong performance in its diversified portfolio. Elysee’s significant investment in Probe Gold Inc. is poised to benefit from a takeover offer by Fresnillo PLC, highlighting the ongoing M&A trend in the sector. The company plans to distribute a dividend to shareholders, demonstrating its commitment to returning value.