Valuation: Elia System Operator

Market Cap 1.29TCr 1.47TCr 1.22TCr 1.11TCr 2.08TCr 1,41000Cr 2.1TCr 15TCr 5.65TCr 72TCr 5.52TCr 5.41TCr 2,31600Cr P/E 2026 *
17.6x
P/E 2027 * 15.9x
Enterprise Value 3.16TCr 3.6TCr 2.98TCr 2.72TCr 5.09TCr 3,45100Cr 5.13TCr 36TCr 14TCr 1,76300Cr 14TCr 13TCr 5,66700Cr EV / Sales 2026 *
5.72x
EV / Sales 2027 * 5.77x
Free-Float
40.29%
Yield 2026 *
1.77%
Yield 2027 * 1.82%
Manager TitleAgeSince
Chief Executive Officer 58 15/01/2025
Director of Finance/CFO - 01/04/2025
Chief Operating Officer - 01/01/2014
Director TitleAgeSince
Director/Board Member 63 11/05/2010
Director/Board Member - 27/10/2017
Director/Board Member 64 09/02/2021
Change 5-day change 1-year change 3-year change Capi.($)
0.00%0.00% - - 1.47TCr
-0.58%+1.63%+59.62% - 26TCr
-0.60%-4.77%-0.49%+32.86% 16TCr
+0.47%+0.59%+27.35%+93.19% 15TCr
-1.13%-1.56%+10.35%+52.18% 10TCr
-0.57%-3.43%-12.12%+26.82% 9.53TCr
-1.49%-1.27%-22.58%+136.71% 9.33TCr
-0.04%-2.76%-7.56%+28.01% 8.84TCr
-0.40%-1.45%+7.76%+58.42% 6.44TCr
-0.68%-3.81%-0.81%+36.89% 5.34TCr
Average -0.45%-1.35%+6.83%+58.14% 11.77TCr
Weighted average by Cap. -0.46%-0.89%+15.86%+59.66%

Financials

2026 *2027 *
Net sales 552.55Cr 629.68Cr 521.86Cr 475.57Cr 890.25Cr 60TCr 896.61Cr 6.24TCr 2.42TCr 31TCr 2.36TCr 2.31TCr 99TCr 632.14Cr 720.39Cr 597.03Cr 544.08Cr 1.02TCr 69TCr 1.03TCr 7.14TCr 2.77TCr 35TCr 2.7TCr 2.65TCr 1,13400Cr
Net income 74Cr 84Cr 69Cr 63Cr 118.42Cr 8.03TCr 119.27Cr 830.69Cr 321.74Cr 4.1TCr 314.49Cr 307.69Cr 13TCr 81Cr 93Cr 77Cr 70Cr 131.17Cr 8.89TCr 132.1Cr 920.11Cr 356.37Cr 4.54TCr 348.34Cr 340.81Cr 15TCr
Net Debt 1.87TCr 2.13TCr 1.76TCr 1.61TCr 3.01TCr 2,04100Cr 3.03TCr 21TCr 8.18TCr 1,04300Cr 8TCr 7.82TCr 3,35100Cr 2.35TCr 2.68TCr 2.22TCr 2.03TCr 3.79TCr 2,57100Cr 3.82TCr 27TCr 10TCr 1,31400Cr 10TCr 9.85TCr 4,22100Cr
Logo Elia System Operator
Elia Group SA/NV is the Belgian transmission system operator, transmitting electricity efficiently, reliably and securely from producers to distribution system operators and major industrial users. The group is responsible for importing and exporting electricity from and to neighbouring countries. Elia Group SA/NV owns the entire Belgian very high voltage grid (150 to 380 kV) and some 94% (ownership and user rights) of the Belgian high-voltage grid (30 to 70 kV). The grid is a key link between electricity markets in northern and southern Europe. It also links Belgian producers and consumers. Belgium's recent investment in interconnection capacity with its neighbours makes it one of the most open and interconnected grids in Europe. Elia Group SA/NV has recently expanded its activities on a broader European level and, following its acquisition of the German TSO 50Hertz and in cooperation with Industry Funds Management (IFM), is now one of the top five transmission system operators in Europe.
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