Societatea Energetica Electrica S.A.

EL

Societatea Energetica Electrica S.A., together with its subsidiaries, engages in the operation, construction, and maintenance of electricity distribution networks in Romania.It operates through Electr...

Website | Electric Services | Utilities

Automated Financial Analysis

🤵

Financial Advisor Insight

"Current valuation levels are elevated, suggesting the price may be ahead of fundamentals. Technicals confirm a positive long-term trend, supported by moving averages. Growth forecasts are robust, which could drive future appreciation."

Sentiment: Neutral Action: Hold

"Mixed financial indicators presenting a balanced risk/reward profile."

Strong Revenue Growth (12.9% CAGR).
Overvalued based on PE (Current: 27.3 vs Fair: 15).
Bullish Trend (SMA50 > SMA200).
Overbought (RSI: 73.8).
Stochastic indicates overbought conditions.
Forecast: Continued Revenue Growth (~35.0% next year).

Technical Analysis

Trend Bullish (Long Term)
Last Cross
Golden Cross (11 months ago)
RSI (14) 73.8
SMA 50 26.89
SMA 200 20.24

Price Valuation

Current Price 31.30
Fair Value (PE 15) 17.21
Overvalued 45%
Graham Number 20.82
Downside 33%

Forecast

Rev Forecast (Next Yr) 14,258M
Growth Forecast 35.0%

📊 Market & Peer Context

Benchmark: BET
Volatility (Beta)
0.23
Less Volatile than Market
Correlation
0.11
Moves with Market
Relative Strength (1Y)
52.00%
vs Benchmark
Index Returns (1Y)
65.1%
BET

Historical Performance

Metric 5Y 3Y 1Y YTD 6M 3M 1M 1W
EL 152.0% 278.0% 121.0% 18.8% 20.2% 0.0% 0.0% 0.0%
BET - 152.0% 65.1% 24.2% 26.4% 7.6% 0.8% 1.1%
Alpha (Diff) - +126.0% +55.9% -5.5% -6.2% -7.6% -0.8% -1.1%

Financial Reports

Price Chart

ETAPA 1 • MUST HAVE

6/8
Healthy Leverage (Debt/Equity)
0.86
Target: < 1.5
Gross Margin vs Industry
0.0% vs 0.0%
Target: > 0.0%
Operating Cash Flow vs Profit
0%
Target: > 1.0
Free Cash Flow vs Profit
142%
Target: > 0.8
ROIC (Return on Capital)
4.67%
Target: Positive
ROIC vs WACC
ROIC: 4.7% / WACC: 2.9%
Target: > WACC
ROE (Return on Equity)
7.0%
Target: > 10%
EBITDA Positive
1,339.64M
Target: > 0

ETAPA 2 • CRITERII

3/9
Interest Coverage
Target: > 3x • 0.0x
Miss
Net Margin vs Industry
Target: > 0.0% • 3.7%
Passed
ROA vs Industry
Target: > 4.5% • 3.5%
Miss
Current Ratio
Target: > 1.5 • 1.04
Miss
Assets Growth (5y)
Target: > 0% • 14.7% CAGR
Passed
FCF CAGR (5y)
Target: > 5% • -4.4%
Miss
EV/EBITDA vs Industry
Target: < Industry • 0.0 vs 0.0
Miss
Net Debt / EBITDA
Target: < 3 • 3.67
Miss
Revenue CAGR (5y)
Target: > 5% • 12.9%
Passed

SNAPSHOT COMPANIE

Capitalizare
10.63B RON
EBITDA
1,339.64M
P/E Ratio
27.28
PEG Ratio
2.11
Dividend Yield
1.36%
Beta
0.23
Valoare Intrinsecă (Graham)
20.82 RON
Discount
-33.5%

Balance Sheet

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Cash & Equivalents 1,672,990,000 454,455,000 377,215,000 334,887,000 221,830,000
Short-Term Investments 870,560,000 - - - -
Other Receivables 2,225,498,000 2,060,359,000 2,708,367,000 1,432,041,000 72,377,000
Prepaid Expenses 18,056,000 5,059,000 12,935,000 13,874,000 5,034,000
Restricted Cash - - - - -
Assetsc 8,283,654,000 6,307,737,000 5,754,899,000 4,361,056,000 1,722,230,000
Property, Plant & Equipment 768,275,000 776,356,000 635,987,000 551,542,000 526,364,000
Goodwill 49,767,000 49,767,000 24,663,000 12,040,000 -
Assets 17,575,251,000 13,939,401,000 12,771,897,000 10,671,755,000 7,883,136,000
Current Portion of Leases 10,525,000 7,411,000 14,052,000 19,211,000 9,442,000
Current Income Taxes Payable 62,237,000 13,483,000 13,924,000 1,129,000 -
Total Current Liabilities 5,294,917,000 6,043,009,000 6,278,605,000 5,172,155,000 2,454,861,000
Long-Term Leases 36,711,000 34,379,000 29,143,000 34,462,000 12,102,000
Total Liabilities 11,096,430,000 8,238,448,000 7,411,933,000 6,103,817,000 2,929,554,000
Common Stock 3,395,530,000 3,395,530,000 3,464,436,000 3,464,436,000 3,464,436,000
Additional Paid-In Capital 103,056,000 103,056,000 103,056,000 103,056,000 103,056,000
Retained Earnings 2,834,940,000 2,052,124,000 1,708,759,000 984,217,000 1,358,633,000
Total Common Equity 6,478,821,000 5,700,978,000 5,360,415,000 4,568,454,000 4,953,582,000
Equity 6,478,821,000 5,700,953,000 5,359,964,000 4,567,938,000 4,953,582,000
Liabilitiesequity 17,575,251,000 13,939,401,000 12,771,897,000 10,671,755,000 7,883,136,000
Filing Date Shares Outstanding 339,553,004 339,553,004 339,553,004 339,553,004 339,553,004
Total Common Shares Outstanding 339,553,004 339,553,004 339,553,004 339,553,004 339,553,004
Book Value Per Share 19.08 16.79 15.79 13.45 14.59
Tangible Book Value -644,226,000 -1,058,289,000 -912,600,000 -1,132,306,000 -569,958,000
Tangible Book Value Per Share -1.90 -3.12 -2.69 -3.33 -1.68
Total Debt 8,062,884,000 4,922,740,000 4,212,058,000 3,385,423,000 1,277,435,000
Netcash -5,519,334,000 -4,468,285,000 -3,834,843,000 -3,050,536,000 -1,055,605,000
Net Cash Growth - - - - -
Netcashpershare -16.25 -13.16 -11.29 -8.98 -3.11
Working Capital 2,988,737,000 264,728,000 -523,706,000 -811,099,000 -732,631,000
Treasury Stock - - -75,372,000 -75,372,000 -75,372,000
Land - 303,071,000 301,483,000 251,835,000 252,798,000
Buildings - 221,312,000 221,995,000 206,712,000 202,557,000
Machinery - 192,728,000 187,542,000 191,505,000 188,751,000
Construction In Progress - 207,182,000 55,352,000 34,751,000 29,188,000
Pension & Post-Retirement Benefits 167,288,000 162,697,000 151,358,000 117,269,000 149,177,000
Minority Interest - -25,000 -451,000 -516,000 -
Deffered Tax Assets 94,180,000 84,627,000 32,404,000 30,180,000 83,531,000
Accounts Receivable 3,377,457,000 3,675,688,000 2,540,442,000 2,466,002,000 1,344,619,000
Inventory 118,813,000 111,896,000 115,660,000 113,972,000 72,958,000
Other Current Assets 280,000 280,000 280,000 280,000 5,412,000
Other Intangible Assets 7,073,280,000 6,709,500,000 6,248,352,000 5,688,720,000 5,523,540,000
Long-Term Investments 1,270,912,000 7,023,000 23,638,000 25,824,000 25,810,000
Other Long-Term Assets 35,183,000 4,391,000 51,954,000 2,393,000 1,661,000
Accounts Payable 1,031,279,000 765,733,000 1,218,464,000 1,163,382,000 734,789,000
Accrued Expenses 827,976,000 767,793,000 743,818,000 692,066,000 243,167,000
Short-Term Debt 2,209,982,000 2,490,609,000 2,851,221,000 2,571,037,000 627,402,000
Current Portion of Long-Term Debt 414,860,000 565,835,000 523,294,000 113,520,000 509,733,000
Long-Term Deferred Tax Assets 94,180,000 84,627,000 32,404,000 30,180,000 83,531,000
Current Unearned Revenue 2,226,000 6,626,000 7,837,000 24,750,000 9,662,000
Other Current Liabilities 735,832,000 1,425,519,000 905,995,000 587,060,000 320,666,000
Long-Term Debt 5,390,806,000 1,824,506,000 794,348,000 647,193,000 118,756,000
Long-Term Deferred Tax Liabilities 173,223,000 128,165,000 121,318,000 60,306,000 161,926,000
Other Long-Term Liabilities 33,485,000 45,692,000 37,161,000 72,432,000 32,732,000
Comprehensive Income & Other 145,295,000 150,268,000 159,536,000 92,117,000 102,829,000

Cash Flow Statement

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Net Income 926,688,000 389,576,000 772,217,000 -240,354,000 -552,882,000
Change in Accounts Receivable -647,395,000 -1,561,766,000 -309,158,000 -1,286,734,000 -391,401,000
Change in Inventory -2,075,000 3,764,000 -1,688,000 -41,014,000 -2,892,000
Change in Accounts Payable 134,127,000 -112,243,000 244,355,000 494,611,000 274,825,000
Change in Unearned Revenue -3,969,000 -1,211,000 -16,913,000 15,088,000 4,033,000
Change in Other Net Operating Assets -543,063,000 1,289,120,000 -1,217,607,000 -712,010,000 10,549,000
Other Operating Activities 68,904,000 -5,248,000 96,470,000 -18,137,000 -88,226,000
Ncfo 690,117,000 700,637,000 168,269,000 -1,180,596,000 -194,350,000
Ocf Growth -41.27% 316.38% - - -
Capex -85,668,000 -149,166,000 -10,391,000 -8,295,000 -10,490,000
Cash Acquisitions -8,464,000 -15,817,000 -8,232,000 -4,452,000 -
Sale (Purchase) of Intangibles -1,068,196,000 -1,102,187,000 -866,644,000 -545,611,000 -490,114,000
Investment in Securities -2,134,449,000 - -4,149,000 -3,000 -25,813,000
Ncfi -3,244,449,000 -1,255,058,000 -885,914,000 -554,900,000 -203,183,000
Short-Term Debt Issued - 82,253,000 271,943,000 1,900,371,000 -
Long-Term Debt Issued - 1,635,481,000 742,658,000 217,561,000 234,690,000
Total Debt Issued 3,983,382,000 1,717,734,000 1,014,601,000 2,117,932,000 234,690,000
Short-Term Debt Repaid - - - - -
Long-Term Debt Repaid - -1,046,090,000 -214,492,000 -117,088,000 -401,077,000
Total Debt Repaid -381,503,000 -1,046,090,000 -214,492,000 -117,088,000 -401,077,000
Net Debt Issued (Repaid) 3,601,879,000 671,644,000 800,109,000 2,000,844,000 -166,387,000
Issuance of Common Stock - - - - -
Repurchase of Common Stock - - - - -
Common Dividends Paid -59,902,000 -39,983,000 -40,136,000 -152,291,000 -247,615,000
Other Financing Activities - - - - -
Financing Cash Flow 3,541,977,000 631,661,000 759,973,000 1,848,553,000 -414,002,000
Net Cash Flow 1,032,452,000 77,240,000 42,328,000 740,459,000 -811,535,000
Free Cash Flow 604,449,000 551,471,000 157,878,000 -1,188,891,000 -204,840,000
Free Cash Flow Growth -44.54% 249.30% - - -
Fcf Margin 4.98% 5.22% 1.20% -9.36% -2.82%
Fcfps 1.78 1.62 0.47 -3.50 -0.60
Levered Free Cash Flow -712,652,875 -741,551,000 -719,139,875 -1,602,541,125 -110,622,500
Unlevered Free Cash Flow -492,430,375 -568,092,875 -543,850,500 -1,504,425,500 -95,553,750
Cash Interest Paid 317,216,000 294,908,000 278,462,000 149,397,000 24,110,000
Cash Income Tax Paid 117,004,000 147,322,000 58,993,000 1,232,000 31,366,000
Loss (Gain) on Equity Investments - 10,000 39,000 13,000 3,000
Divestitures - - - - -
Change Working Capital -1,062,375,000 -382,336,000 -1,301,011,000 -1,530,059,000 -104,886,000
Sale of Property, Plant & Equipment - - 232,000 614,000 1,469,000
Miscellaneous Cash Flow Adjustments - - - 627,402,000 -
Depamor C F Uti 18,951,000 18,113,000 16,391,000 19,915,000 21,118,000
Gw Intang Amort C F Uti 572,804,000 567,005,000 501,919,000 472,509,000 455,176,000
Depreciation & Amortization 591,755,000 585,118,000 518,310,000 492,424,000 476,294,000
Other Amortization 13,046,000 13,046,000 6,171,000 3,960,000 4,536,000
Loss (Gain) on Sale of Assets -1,990,000 - - -393,000 3,297,000
Asset Writedown -1,642,000 -1,901,000 - -5,000 -3,942,000
Capex Uti -85,668,000 -149,166,000 -10,391,000 -8,295,000 -10,490,000
Other Investing Activities 52,328,000 12,112,000 3,270,000 2,847,000 321,765,000

Income Statement

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Revenue 12,132,033,000 10,563,576,000 13,184,167,000 12,706,263,000 7,253,136,000
Revenue Growth 12.74% -19.88% 3.76% 75.18% 11.57%
Operating Revenue 10,301,001,000 8,995,202,000 9,816,593,000 10,009,896,000 7,178,864,000
Other Revenue 1,831,032,000 1,568,374,000 3,367,574,000 2,696,367,000 74,272,000
Pretax Income 1,114,092,000 486,763,000 897,917,000 -287,634,000 -632,411,000
Income Tax Expense 187,146,000 97,220,000 125,814,000 -47,171,000 -79,529,000
Minority Interest in Earnings -258,000 33,000 114,000 109,000 -
Net Income 926,688,000 389,576,000 772,217,000 -240,354,000 -552,882,000
Net Income to Common 926,688,000 389,576,000 772,217,000 -240,354,000 -552,882,000
Net Income Growth 58.60% -49.55% - - -
Shares Basic 339,553,004 339,553,004 339,553,004 339,553,004 339,553,004
Shares Outstanding (Diluted) 339,553,004 339,553,004 339,553,004 339,553,004 339,553,004
Shares Yo Y - - - - -
Eps Basic 2.73 1.15 2.27 -0.71 -1.63
EPS (Diluted) 2.73 1.15 2.27 -0.71 -1.63
EPS Growth 58.60% -49.55% - - -
Free Cash Flow 604,449,000 551,471,000 157,878,000 -1,188,891,000 -204,840,000
Free Cash Flow Per Share 1.78 1.62 0.47 -3.50 -0.60
Dps 0.18 0.18 0.12 0.12 0.45
Dividend Growth 50.00% 50.00% - -73.82% -38.36%
Profit Margin 7.64% 3.69% 5.86% -1.89% -7.62%
Free Cash Flow Margin 4.98% 5.22% 1.20% -9.36% -2.82%
Effective Tax Rate 0.17 0.20 0.14 - -
EBITDA 2,009,756,000 1,339,643,000 1,700,018,000 362,444,000 -134,240,000
D&A For EBITDA 591,755,000 585,118,000 518,310,000 492,424,000 476,294,000
EBITDA Margin 16.57% 12.68% 12.89% 2.85% -1.85%
EBIT 1,418,001,000 754,525,000 1,181,708,000 -129,980,000 -610,534,000
EBIT Margin 11.69% 7.14% 8.96% -1.02% -8.42%
Earnings From Continuing Ops. 926,946,000 389,543,000 772,103,000 -240,463,000 -552,882,000
Payoutratio 6.46% 10.26% 5.20% - -
Fuel & Purchased Power 7,301,509,000 6,588,827,000 9,057,976,000 10,506,809,000 5,694,724,000
Operations & Maintenance 152,030,000 130,953,000 95,218,000 88,229,000 102,356,000
Provision for Bad Debts 155,323,000 101,964,000 75,820,000 112,311,000 70,616,000
Selling, General & Admin 7,092,000 7,092,000 14,654,000 18,369,000 12,205,000
Other Operating Expenses 2,493,020,000 2,382,053,000 2,234,310,000 1,614,272,000 1,502,939,000
Depreciation & Amortization 605,058,000 598,162,000 524,481,000 496,253,000 480,830,000
Total Operating Expenses 10,714,032,000 9,809,051,000 12,002,459,000 12,836,243,000 7,863,670,000
Operating Income Uti 1,418,001,000 754,525,000 1,181,708,000 -129,980,000 -610,534,000
Interest Expense -352,356,000 -277,533,000 -280,463,000 -156,985,000 -24,110,000
Interest Income 50,778,000 12,112,000 3,270,000 2,847,000 1,765,000
Net Interest Expense -301,578,000 -265,421,000 -277,193,000 -154,138,000 -22,345,000
Income (Loss) on Equity Investments - -10,000 -39,000 -13,000 -3,000
Currency Exchange Gain (Loss) -2,841,000 -2,841,000 -6,714,000 -10,374,000 -411,000
Other Non-Operating Income (Expenses) 510,000 510,000 155,000 6,871,000 882,000
EBT Excluding Unusual Items 1,114,092,000 486,763,000 897,917,000 -287,634,000 -632,411,000
Restructuring Charges - - - - -
Gain (Loss) on Sale of Assets - - - - -
Asset Writedown - - - - -
Legal Settlements - - - - -
Other Unusual Items - - - - -

Ratios and Metrics

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Marketcap 8,302,070,948 4,482,099,653 3,898,068,486 2,746,983,802 3,409,112,160
Market Cap Growth 85.23% 14.98% 41.90% -19.42% -20.00%
Enterprise Value 13,821,404,947 8,208,249,652 7,624,086,485 5,653,746,802 4,062,728,160
Last Close Ratios 2,445.00% 1,304.35% 1,124.88% 782.07% 920.67%
Pe 8.96 11.51 5.05 - -
Pe Forward 9.06 10.78 9.23 22.95 18.42
PS Ratio 0.68 0.42 0.30 0.22 0.47
PB Ratio 1.28 0.79 0.73 0.60 0.69
Ptbv Ratio - - - - -
P/FCF Ratio 13.73 8.13 24.69 - -
P/OCF Ratio 12.03 6.40 23.17 - -
Peg Ratio - 164.20% 164.20% 164.20% 164.20%
EV/Sales Ratio 1.14 0.78 0.58 0.45 0.56
EV/EBITDA Ratio 6.88 6.13 4.49 15.60 -
EV/EBIT Ratio 9.75 10.88 6.45 - -
EV/FCF Ratio 22.87 14.88 48.29 - -
Debt / Equity Ratio 1.24 0.86 0.79 0.74 0.26
Debt / EBITDA Ratio 4.01 3.67 2.48 9.34 -
Debt / FCF Ratio 13.34 8.93 26.68 - -
Asset Turnover 80.20% 79.10% 112.50% 137.00% 91.00%
Inventory Turnover 7,169.20% 6,725.80% 8,822.50% 11,970.80% 8,785.80%
Quick Ratio 1.54 1.02 0.90 0.82 0.67
Current Ratio 1.56 1.04 0.92 0.84 0.70
Roe 15.33% 7.04% 15.55% -5.05% -10.32%
Return on Assets (ROA) 5.86% 3.53% 6.30% -0.88% -4.79%
Return on Capital (ROIC) 7.23% 4.67% 8.43% -1.15% -5.89%
Return on Capital Employed (ROCE) 0.12 0.10 0.18 -0.02 -0.11
Earnings Yield 11.16% 8.69% 19.81% -8.75% -16.22%
FCF Yield 7.28% 12.30% 4.05% -43.28% -6.01%
Dividend Yield 0.72% 1.36% 1.05% 1.51% 4.89%
Payout Ratio 6.46% 10.26% 5.20% - -
Buyback Yield / Dilution - - - - -
Totalreturn 0.72% 1.36% 1.05% 1.51% 4.89%

Price History

Oct 17, 2018 — Jan 26, 2026 1825 Records
Date Open High Low Close Volume
2026-01-26 31.30 32.05 31.30 31.30 103,289
2026-01-25 30.80 31.40 29.70 31.10 137,027
2026-01-24 29.80 30.60 29.70 30.60 88,911
2026-01-22 29.80 30.60 29.70 30.60 88,911
2026-01-21 29.70 29.90 29.50 29.80 30,306
2026-01-20 29.80 29.85 29.20 29.50 168,569
2026-01-19 29.60 30.00 29.30 29.80 102,107
2026-01-18 30.30 30.30 29.25 29.25 127,000
2026-01-15 29.95 30.30 29.95 30.30 47,624
2026-01-14 29.45 29.90 29.35 29.90 65,465
2026-01-13 29.30 29.40 28.90 29.05 41,510
2026-01-12 28.85 30.00 28.85 29.05 242,820
2026-01-11 28.85 30.00 28.85 29.05 242,820
2026-01-09 28.00 28.90 27.80 28.85 160,935
2026-01-08 28.00 28.90 27.80 28.85 160,935
2026-01-07 27.35 28.20 27.30 27.60 93,592
2026-01-06 26.25 27.45 26.25 27.35 33,771
2026-01-05 26.25 27.45 26.25 27.35 33,771
2026-01-04 26.25 27.45 26.25 27.35 33,771
2026-01-01 25.90 26.35 25.85 26.35 46,287
2025-12-31 25.90 26.35 25.85 26.35 46,287
2025-12-30 25.90 26.35 25.85 26.35 46,287
2025-12-29 25.90 26.35 25.85 26.35 46,287
2025-12-28 26.00 26.25 25.80 25.90 52,448
2025-12-25 26.25 26.45 25.95 26.10 80,880
2025-12-24 26.25 26.45 25.95 26.10 80,880
2025-12-23 26.25 26.45 25.95 26.10 80,880
2025-12-22 26.25 26.45 25.95 26.10 80,880
2025-12-21 26.15 26.25 25.70 26.25 59,703
2025-12-19 26.10 26.15 25.65 26.15 131,349
2025-12-18 26.10 26.15 25.65 26.15 131,349
2025-12-17 25.80 26.10 25.55 26.10 72,143
2025-12-16 26.20 26.30 25.55 25.95 122,278
2025-12-15 26.10 26.40 26.00 26.05 96,098
2025-12-14 25.75 26.15 25.50 26.10 84,139
2025-12-12 25.55 26.00 25.50 25.75 106,473
2025-12-11 25.55 26.00 25.50 25.75 106,473
2025-12-10 25.00 25.55 25.00 25.55 87,162
2025-12-09 24.90 25.25 24.65 25.25 122,951
2025-12-08 24.20 25.20 24.20 24.85 523,156
2025-12-07 24.35 24.55 24.15 24.45 89,451
2025-12-05 24.70 24.80 24.20 24.45 166,226
2025-12-04 24.70 24.80 24.20 24.45 166,226
2025-12-03 24.80 24.85 24.55 24.75 68,704
2025-12-02 24.70 24.70 24.35 24.70 87,966
2025-12-01 24.05 24.55 24.05 24.45 169,293
2025-11-30 23.25 24.00 23.15 23.90 95,130
2025-11-28 23.25 24.00 23.15 23.90 95,130
2025-11-27 23.25 24.00 23.15 23.90 95,130
2025-11-26 23.35 23.45 23.10 23.25 33,423