Elis is a multi-service group in the rental, laundry and maintenance of textile, hygiene and well-being items in Europe and Latin America. Co. serves hundreds of thousands of customers of all sizes, belonging to various professional customer segments: hospitality, healthcare, industry, trade and services. Co. also has a manufacturing business carried out by two entities, Le Jacquard FranASSais and Kennedy Hygiene Products which together form one of the company's operating segments.
  • TickerA14M93
  • ISINFR0012435121
  • ExchangeEuronext Paris
  • SectorSupport Services
  • CountryFrance

Analysts

Christophe Chaput ...
  • Hela Zarrouk

Elis : FCF set to remain an external growth driver!

Since the Berendsen deal, investors have doubted the group's capacity to pull off fresh M&A deals due to its relatively debt-saddled balance sheet (net debt/EBITDA at end-2018: 3.3x). That said, FCF is set to benefit from buoyant organic growth, synergies from recent acquisitions and a normalised capex budget from 2020. Cumulative FCF over 2019e-2020e is set to top € 500m, which should enable the group to seek further acquisitions in the medium term and improve its margins throug...

Christophe Chaput ...
  • Hela Zarrouk

Elis : Le FCF restera vecteur de croissance externe !

Depuis le rachat de Berendsen, les investisseurs doutent de la capacité du groupe à poursuivre les opérations de croissance externe en raison d’un bilan relativement endetté (DN/EBITDA fin 2018 : 3.3x). Pour autant, le FCF bénéficiera d’une croissance organique soutenue, des synergies issues des récentes acquisitions et d’une normalisation de l’enveloppe de Capex à partir de 2020. Le FCF cumulé 2019/20 dépassera les 500 M€ ce qui permettra de poursuivre les acquisitions à MT et a...

Jérôme VINERIER

Analyse court terme - ELIS SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 17,60 € prochainement. Le prochain objectif est à 16,04 €, puis 14,70 €. Le franchissement de 20,50 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - ELIS SA : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €17.60. The next target is at €16.04, then €14.70. Passing €20.50 would question the continuation of the fall.

Jérôme VINERIER

Short term view - ELIS SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €16.04. The background trend would be questioned should prices rise above €20.50.

Joan Sehim

Elis' 1h18 results were good, berendsen on track

Elis, the French linen services provider, reported good 1H18 results. Sales came in at €1,534m, up 2.1% organically, and EBITDA reached €469m (30.6% margin) against €435m (29.4%) last year. The home French market (33% of sales) is doing well, up 1.9% organically thanks to good activity in hospitality.

Remi Ramadou

Elis Sees Spain & LatAm boost 2H16, lower price pressure in France for 2017

Elis, the French linen services provider, published sound 2H16 results. Yoy sales were up 6.8% (+2.4% organically) to €783m and EBITDA gained 4.3% to €252m, or a 70 bps decline in margin to a still good 32.2%. This is in line with management’s forecast and the +6.9% growth in sales (+2.7% organically) seen during the entire year. Negatively, the performance was still hampered by a sluggish macro backdrop in France (57% of sales pro forma of the acquisitions), marked by low industrial activities (12%) and lower hotel occupancy (21%) following the Nice terrorist attack in July. Still, the countr...

Christophe Chaput ...
  • Hela Zarrouk

Elis : FCF set to remain an external growth driver!

Since the Berendsen deal, investors have doubted the group's capacity to pull off fresh M&A deals due to its relatively debt-saddled balance sheet (net debt/EBITDA at end-2018: 3.3x). That said, FCF is set to benefit from buoyant organic growth, synergies from recent acquisitions and a normalised capex budget from 2020. Cumulative FCF over 2019e-2020e is set to top € 500m, which should enable the group to seek further acquisitions in the medium term and improve its margins throug...

Christophe Chaput ...
  • Hela Zarrouk

Elis : Le FCF restera vecteur de croissance externe !

Depuis le rachat de Berendsen, les investisseurs doutent de la capacité du groupe à poursuivre les opérations de croissance externe en raison d’un bilan relativement endetté (DN/EBITDA fin 2018 : 3.3x). Pour autant, le FCF bénéficiera d’une croissance organique soutenue, des synergies issues des récentes acquisitions et d’une normalisation de l’enveloppe de Capex à partir de 2020. Le FCF cumulé 2019/20 dépassera les 500 M€ ce qui permettra de poursuivre les acquisitions à MT et a...

Florent Thy-tine

ELIS Visibility (+)

ELIS Visibility (+)

Florent Thy-tine

ELIS Turnover Q3 2018 (=). Solid

ELIS Turnover Q3 2018 (=). Solid

Antoine Boivin-Champeaux ...
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Harold De Decker
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Laurence Hofmann
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby
  • Roland Pfaender
  • Salma Bouraoui
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 10/25/2018

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A director sold 32,727 shares at 22.009EUR and

A director at Elis sold 32,727 shares at 22.009EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Christophe Chaput ...
  • Emmanuel Matot
  • Hela Zarrouk
  • Laurence Hofmann

ODDO BHF Small & MIDCAP MORNING NEWS - 10/08/2018

...

Christophe Chaput ...
  • Emmanuel Matot
  • Hela Zarrouk
  • Laurence Hofmann

ODDO BHF Small & MIDCAP MORNING NEWS - 08/10/2018

...

ELIS with less fundamental stars is reduced to Neutral

ELIS (FR), a company active in the Business Support Services industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date October 5, 2018, the closing price was EUR 18.88 and its expected value was estimated at EUR 19.77.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Proxy Report - 18/05/2018

Le principal sujet de cette assemblée générale est l'augmentation des rémunérations fixes des dirigeants pour 2018 (+45% pour le Président du Directoire). Cette augmentation du fixe, sans qu'aucune contrepartie comme l'abaissement du bonus maximum par exemple ou de la part long-terme ne soit mise en place, porte la rémunération totale maximum du Président du Directoire à 4,86 M€ pour 2018, soit plus de 240 SMICs, notre plafond socialement acceptable et plus de 219% de la médiane des rémunérations des dirigeants du SBF 120 (et plus de 118% de la médiane du CAC40). Cette politique de rémunérati...

Charles Pinel

Etude de l'AG du 31/08/2017

Une assemblée générale extraordinaire est convoquée dans le cadre du projet d'acquisition de la société Berendsen par Elis. L'offre est composée d’une part en numéraire et d’autre part en actions et consiste en l’acquisition de chaque action Berendsen contre la remise de 5,40 £ et 0,403 action nouvelle Elis. D'un point de vue stratégique, l'opération est pleinement justifiée et ses conséquences semblent acceptables en terme de gouvernance. Les conditions financières laissent apparaitre une prime très importante qui traduit les négociations avec Berendsen et qui semble être compensée par l'int...

Jérôme VINERIER

Analyse court terme - ELIS SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 17,60 € prochainement. Le prochain objectif est à 16,04 €, puis 14,70 €. Le franchissement de 20,50 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - ELIS SA : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €17.60. The next target is at €16.04, then €14.70. Passing €20.50 would question the continuation of the fall.

Jérôme VINERIER

Short term view - ELIS SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €16.04. The background trend would be questioned should prices rise above €20.50.

Jérôme VINERIER

Analyse court terme - ELIS SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 16,04 €. La tendance de fond serait remise en cause en cas de franchissement de 20,50 €.

Jérôme VINERIER

Medium term view - ELIS SA : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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