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Elisa

37.44 EUR

+0.54 %

13,337 following

ELISA

NASDAQ Helsinki

Telecommunications

Technology

+0.54 %
-0.79 %
+1.08 %
-5.60 %
-18.22 %
-10.56 %
-27.58 %
-21.43 %
+81.84 %

Elisa is active in the telecom industry. The company offers services within communication with a focus on solutions that involve fixed telephony, mobile, and internet services. The customers are found among private individuals, corporate customers, and public organizations. The largest activity is in the Finnish and Baltic markets. In addition to the main business, the company also offers various digitization services, mainly to its larger corporate customers.

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Market cap
6.27B EUR
Turnover
2.46M EUR
P/E (adj.) (25e)
15.62
EV/EBIT (adj.) (25e)
14.63
P/B (25e)
4.74
EV/S (25e)
3.32
Dividend yield-% (25e)
6.41 %
Coverage
Recommendation
Accumulate
Target price
46.00 EUR
Updated
24.10.2025
Joni Grönqvist
Joni Grönqvist

Analyst

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
30.1
2026

Annual report '25

1.4
2026

General meeting '26

21.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
A lot of good points – thanks for that! I’ll just comment that I personally wouldn’t worry about it dropping all the way to a P/E of 10. Even if we assume zero growth, I believe a company generating such defensive and steady cash flow would be valued at a higher multiple. That would...
1/8/2026, 5:20 PM
10
Elisa has an unusual stone in its shoe. Greenland-style cold winds usually favor operators. This happened globally; major operators are performing strongly today, e.g., Deutsche Telekom up over +3%. However, Elisa has drivers leading up to 2026: +€40m from staff reductions +€8m from...
1/8/2026, 8:25 PM
by LillaGris
7
Corporate tax won’t decrease in 2026 but in 2027. The benefits of the corporate tax cut will likely largely flow to customers because the tax will decrease for all companies, at least in theory, if competition works.
1/10/2026, 7:08 AM
by tj_hodl
6
I really don’t believe that Topi Manner has much to do with this development. In fact, quite the opposite – the building of a messy multi-department store and the hiking of prices, the hangover from which is being felt now, started and almost ended during the previous CEO’s tenure...
1/7/2026, 10:18 AM
by AES
4
Yep. I think this is a very interesting situation to follow, practically illustrating why competing on price is a losing strategy in a saturated market – perhaps even to the point where everyone loses. The mobile subscription market is saturated because practically every Finn already...
1/7/2026, 9:52 AM
by AES
4
My portfolio has always contained a certain number of operators. The reasoning has been that entering the industry with one’s own base station network is extremely expensive, and operators are not forced to compete themselves to death or let virtual operators (MVNOs) into their networks...
1/7/2026, 10:28 AM
by akka
3
Of course, many are likely wondering: if everyone is losing, won’t this price dumping eventually stop at some point? I’m afraid that recovery won’t happen overnight; a more likely scenario would be something similar to the current state of the housing market – a slow recovery. There...
1/7/2026, 10:12 AM
by AES
3
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