ELLONYSEElectric ServicesFiscal year ends December 31
Ellomay Capital Ltd.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on May 1, 2026
$21.62+0.56 (+2.66%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
11.8%−19.4 pts over 5 years
Operating margin
22.4%−70.5 pts over 5 years
Net margin
-16.1%
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -17.1% | -3.3% | +16.3% | – | |
| Gross profit | -52.0% | -28.1% | -4.2% | – | |
| Operating income | +100.4% | +23.5% | -12.4% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -5.6% | |
| Return on assets | – | – | -1.0% | |
| Current ratio | 3.32 | 2.21 | 0.73 | |
| Debt to equity | 0.15 | 0.46 | 1.36 | |
| Net debt to EBITDA | – | 0.19× | 4.82× | |
| Interest coverage | 1.4× | 1.6× | 0.4× | |
| Inventory turnover | – | – | 34.3× | |
| Capex to revenue | – | 392.8% | 180.2% | |
| Diluted shares | 11M | 11M | 13M |
Where the cash went
Fiscal 2020 to 2024, five years combined
Ellomay Capital generated €49.83M from operations and spent €386.53M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
€49.83M
Used
€386.53M
Capital expenditure€386.53M100%Dividends€00%Share buybacks€00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-16.1%
×Asset turnover0.06×
×Equity multiplier5.52×
=Return on equity, FY2024-5.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -16.1% | 0.06× | 5.52× | -5.6% |
| FY2023 | 4.5% | 0.08× | 5.64× | 2.1% |
| FY2022 | -0.7% | 0.09× | 5.33× | -0.3% |
| FY2021 | -33.8% | 0.09× | 4.22× | -12.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
3of 9 tests passed in fiscal 2024. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-€6.52M
- Cash generatingOperating cash flow above zero€7.97M
- Return on assets improvedROA up on the prior year0.4% → -1.1%
- Earnings backed by cashOperating cash flow above net income€7.97M vs -€6.52M
- Less leverageLong-term debt to assets fell0.8% → 0.9%
- Better liquidityCurrent ratio rose1.06 → 0.73
- No dilutionShare count did not rise13M → 13M
- Gross margin improvedGross margin up on the prior year20.40% → 11.80%
- More efficientAsset turnover rose0.08 → 0.07