A Q3 performance 1ppt above that of Q2 but due to roaming improvement. The group remains indeed a solid and reassuring slight growth story in the telecom sector. We remain, however, at Reduce on the stock with a limited downside of only 3%. Elisa’s stock has just returned to its pre-pandemic level. This means for us it is now again at its fair price, very expensive in terms of EV/EBITDA and offering a best-in-class 3.85% dividend yield.
20 Oct 2021
Still the proxy fair price of the sector
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Still the proxy fair price of the sector
Elisa Oyj Class A (ELISA:HEL) | 0 0 0.0%
- Published:
20 Oct 2021 -
Author:
Jean-Michel Salvador -
Pages:
2
A Q3 performance 1ppt above that of Q2 but due to roaming improvement. The group remains indeed a solid and reassuring slight growth story in the telecom sector. We remain, however, at Reduce on the stock with a limited downside of only 3%. Elisa’s stock has just returned to its pre-pandemic level. This means for us it is now again at its fair price, very expensive in terms of EV/EBITDA and offering a best-in-class 3.85% dividend yield.