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Elisa Oyj (ELMUY) Stock Analysis

Educational signal · not a buy or sell recommendation · How to read this

$22.00 -$0.06 (-0.27%) |CouncilBullish Lean · 55 · B
MCap: $14.1B| P/E Ratio: 17.37| Vol: 200|

P/E 17.37 means the share price is 17.37 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $14.1B is the value of all shares combined. Beta 0.45: the stock has moved about 55% less than the S&P 500.

Data from FMP · Methodology

For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR

Quick Answer

Elisa Oyj (ELMUY) trades at $22.00. Elisa Oyj is a Finnish telecommunications company providing a range of digital and communication services to consumers, corporations, and public administration organizations. Market cap: $14.1B, Sector: Communication services.

Price as of Sep 11, 2026 · Last analyzed: Mar 17, 2026
Elisa Oyj is a Finnish telecommunications company providing a range of digital and communication services to consumers, corporations, and public administration organizations. Founded in 1882, the company operates in Finland, Europe, and internationally.

Analyst Coverage for ELMUY: ELMUY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ELMUY against Communication Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the ELMUY film Every key number, told as a short cinematic story — just press play. ~2 min

These figures come from statements filed 12 months ago — the most recent this company has published.

No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.

Council Score · Weighted Average of 3 Disciplines
Bullish Lean 55/100 · B

ELMUY: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.

How is this calculated? →
Legends Council · 5 Legends + Moon AI

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated)Ray Dalio
Favorable read
Englander-style lens (simulated)Izzy Englander
Unfavorable read
Klarman-style lens (simulated)Seth Klarman
Neutral read
Moon AI lens (model)
Neutral read
Munger's Mindset · Balance Sheet & Valuation
Financial Health
Neutral
Margin of Safety
Fairly Valued
Council Score · Weighted Average of 3 Disciplines · See tabs for details →
The lenses are modelled on the published principles of the investors named. We are not affiliated with them, they have not endorsed this, and it is not their opinion of this stock.

Elisa Oyj (ELMUY) Media & Communications Profile

CEOTopi Manner
Employees6,068
HeadquartersHelsinki, FI
IPO Year2008

Elisa Oyj, a Finnish telecommunications provider established in 1882, delivers fixed and mobile subscriptions, digital services, and ICT solutions to consumers and corporate clients across Finland, Europe, and internationally. With a solid dividend yield and a history of innovation, Elisa maintains a strong position in the Nordic telecom market.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 17, 2026

What Is the Investment Thesis for ELMUY?

AI-written as of Mar 17, 2026 — figures and tone reflect the data available then, not today's score.

With a market capitalization of $14.1B and a P/E ratio of 17.37, Elisa demonstrates financial stability. The company's profit margin of 15.2% and gross margin of 30.8% reflect efficient operations. A dividend yield of 6.60% makes it attractive to income-seeking investors. Growth catalysts include expansion of 5G networks and increased demand for digital services. Potential risks include competition from other telecommunications providers and regulatory changes in the telecommunications sector. The company's beta of 0.45 suggests lower volatility compared to the overall market.

Based on FMP financials and quantitative analysis

ELMUY Key Highlights

AI-written as of Mar 17, 2026 — figures and tone reflect the data available then, not today's score.

Market capitalization of $14.1B, reflecting a substantial valuation in the telecommunications sector.

  • P/E ratio of 17.37, indicating a moderate valuation relative to earnings.
  • Profit margin of 15.2%, demonstrating efficient profitability in its operations.
  • Gross margin of 30.8%, suggesting a healthy ability to manage production costs.
  • Dividend yield of 6.60%, providing a significant income stream for investors.

Who Are ELMUY's Competitors?

ELMUY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap MoonshotScore
AAFRF Airtel Africa Plc $4.75 0.00% $17.3B
BCEPF BCE Inc. $15.02 0.00% $14.0B
HLTOY Hellenic Telecommunications Organization S.A. $11.53 -0.77% $19.0B
MTNOF MTN Group Limited $14.56 0.00% $26.7B 519-signal
TIAIY Telecom Italia S.p.A. $8.85 -2.43% $188B
SKM SK Telecom Co., Ltd. $37.05 -0.72% $14.2B 575-pillar
TLK Telkom Indonesia Persero Tbk PT ADR $14.99 -0.07% $14.8B 775-pillar
TLTZY Tele2 AB (publ) $8.92 +0.81% $12.4B 519-signal

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.

What Are ELMUY's Key Strengths?

Strong market position in Finland

  • High dividend yield
  • Focus on innovation
  • Diversified service offerings

What Are ELMUY's Weaknesses?

Limited international presence compared to larger competitors

  • Dependence on the Finnish market
  • Exposure to regulatory changes
  • Competition from other telecommunications providers

What Could Drive ELMUY Stock Higher?

Expansion of 5G networks and related services.

  • Development and deployment of new IoT solutions for various industries.
  • Growth in digital services and entertainment offerings.
  • Potential international expansion into new markets.
  • Continued focus on innovation and customer service.

What Are the Key Risks for ELMUY?

Intense competition in the telecommunications industry.

  • Rapid technological changes and the need to adapt to new technologies.
  • Economic downturns and their impact on consumer spending.
  • Cybersecurity threats and data breaches.
  • Regulatory changes in the telecommunications sector.

What Are the Growth Opportunities for ELMUY?

  • Expansion of 5G Networks: Elisa can capitalize on the growing demand for 5G technology by expanding its network coverage and service offerings. The global 5G market is projected to reach $667.90 billion by 2030, growing at a CAGR of 122.3% from 2021 to 2030. Elisa's early adoption of 5G in Finland provides a competitive advantage in rolling out advanced services and attracting new customers. Timeline: Ongoing.
  • IoT Solutions for Industries: Elisa can leverage its expertise in IoT to provide solutions for various industries, including manufacturing, logistics, and healthcare. The global IoT market is expected to reach $1.46 trillion by 2027. Elisa's focus on developing customized IoT solutions for specific industries can drive revenue growth and enhance customer loyalty. Timeline: Ongoing.
  • Digital Services and Entertainment: Elisa can expand its digital services offerings, including entertainment, e-reading, and video conferencing, to cater to changing consumer preferences. The global digital entertainment market is projected to reach $430.7 billion by 2027. Elisa's ability to bundle these services with its telecommunications offerings can enhance customer value and increase market share. Timeline: Ongoing.
  • International Expansion: Elisa can pursue international expansion opportunities in other European markets and beyond. The global telecommunications market is highly competitive, but Elisa's proven track record and innovative solutions can enable it to successfully enter new markets. Timeline: Ongoing.
  • ICT and Online Services: Elisa can further develop its ICT and online services for corporate customers, including cloud computing, cybersecurity, and data analytics. The global ICT market is expected to reach $5.9 trillion by 2027. Elisa's ability to provide comprehensive ICT solutions can attract new corporate clients and drive revenue growth. Timeline: Ongoing.

What Are ELMUY's Competitive Advantages?

  • Established market position in Finland.
  • Strong brand reputation.
  • Extensive network infrastructure.
  • Focus on innovation and customer service.

What Does ELMUY Do?

Elisa Oyj, established in 1882 and headquartered in Helsinki, Finland, is a telecommunications and digital services provider. The company operates through two primary segments: Consumer Customers and Corporate Customers. Elisa offers a wide array of services, including fixed and mobile subscriptions, digital services, cable-TV subscriptions, entertainment, e-reading services, and video conferencing solutions. For corporate clients, Elisa provides solutions for network management automation, IoT solutions for various industries, and ICT and online services. Elisa serves consumers, corporations, and public administration organizations in Finland, other parts of Europe, and internationally. Elisa has evolved from a traditional telephone company to a modern digital service provider, adapting to changing technological landscapes and customer needs. The company's geographic reach extends beyond Finland, with a growing presence in other European markets. Elisa's competitive positioning is strengthened by its focus on innovation, customer service, and technological advancements.

What Products and Services Does ELMUY Offer?

  • Provides fixed and mobile subscription services.
  • Offers digital services, including entertainment and e-reading.
  • Delivers cable-TV subscription services.
  • Provides video conferencing solutions.
  • Offers IoT solutions for various industries.
  • Provides ICT and online services for corporate clients.
  • Offers solutions for automation of network management and operation for mobile operators.

How Does ELMUY Make Money?

  • Subscription-based revenue from fixed and mobile services.
  • Revenue from digital services and entertainment offerings.
  • Sales of ICT and online services to corporate clients.
  • Revenue from IoT solutions and related services.

What Industry Does ELMUY Operate In?

Elisa Oyj operates in the telecommunications services industry, which is characterized by rapid technological advancements, increasing demand for data, and evolving regulatory landscapes. The global telecommunications market is expected to continue growing, driven by the adoption of 5G technology and the increasing reliance on digital services. Elisa competes with other telecommunications providers such as AAFRF (America Movil), BCEPF (BCE Inc.), HLTOY (Helios Towers PLC), MTNOF (MTN Group), and TIAIY (Telefonica SA). Elisa's focus on innovation and customer service positions it well to capitalize on these trends.

Who Are ELMUY's Key Customers?

  • Consumers in Finland and other European countries.
  • Corporations across various industries.
  • Public administration organizations.
Model self-rating on this text: 71% (not a measure of the evidence) Updated: Mar 17, 2026

Research confidence

Medium 45/100

Enough evidence to be useful, with gaps worth knowing about.

  • Scoring coverage unknown
  • Price is current
  • Latest filing 73 days ago
  • No analyst coverage

MoonshotScore History

Recorded daily since 2026-08-23 · 19 snapshots

2026-08-23 52
2026-08-26 52
2026-08-29 52
2026-09-01 52
2026-09-04 52
2026-09-07 52
2026-09-10 52

What changed?

The score has stayed at 52.

Over the same 18 days the stock moved +6.1%.

Company Profile

Elisa Oyj operates in the Telecom Services industry within the Communication Services sector. It is headquartered in Helsinki, Finland.

Elisa Oyj Financial Trajectory

Elisa Oyj (ELMUY) reported $550.8M in revenue for Q2 FY2026, reflecting 0.4% growth compared to the prior quarter. The company recorded net income of $88.9M, with diluted EPS of $0.14. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Communication Services. Across the four most recent quarters, ELMUY averaged $0.13 in diluted EPS.

How Elisa Oyj Is Valued

Elisa Oyj carries a market capitalization of $14.1B, placing it in the large-cap category.

ROE 28%

Key Financial Metrics

Return on equity for Elisa Oyj stands at 28.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 10.0%, showing how much profit it generates from its asset base. ELMUY trades at a trailing price-to-earnings ratio of 17.37, roughly in line with the Communication Services sector average of ~17.60x. Its free cash flow yield is 7.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.50 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 5.7%, the inverse of the P/E and a quick read on earnings relative to price.

F-Score 5/9

Financial Health

Elisa Oyj's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 5.04 places it in the safe zone, indicating low near-term bankruptcy risk.

ELMUY Financials

Fundamental Snapshot

Revenue Growth (FY)
+3.0%
Net Income Growth (FY)
-4.6%
EPS Growth (FY)
-52.0%
Free Cash Flow Growth (FY)
+19.0%
P/E (TTM)
17.37
Return on Equity (TTM)
+28.2%
Current Ratio
1.5
EV/EBITDA (TTM)
9.6

Based on FMP financials and quantitative analysis · FY 2025

Bull Case vs Bear Case

Bull Case

  • Strong market position in Finland
  • High dividend yield
  • Focus on innovation
  • Diversified service offerings

Bear Case

  • Limited international presence compared to larger competitors
  • Dependence on the Finnish market
  • Exposure to regulatory changes
  • Competition from other telecommunications providers

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026

Recent Quarterly Results

Quarter Revenue Net Income EPS
Q2 FY2026 €551M €89M €0.14
Q1 FY2026 €548M €91M €0.14
Q4 FY2025 €588M €59M €0.09
Q3 FY2025 €559M €103M €0.16

Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep

Based on FMP financials and quantitative analysis · Reported in EUR

ELMUY Latest News

ELMUY Analyst Consensus

Consensus Rating

Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for ELMUY.

Price Targets

Wall Street price target analysis for ELMUY.

ELMUY MoonshotScore

MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for ELMUY; grades run from A+ (80-100) to F (below 30).

Leadership: Topi Manner

CEO

Topi Manner serves as the CEO of Elisa Oyj, leading a workforce of over 6,000 employees. Prior to joining Elisa, Manner held various leadership positions in the airline industry, including serving as the CEO of Finnair. His experience spans strategic planning, operational management, and customer service. Manner's background in the airline industry brings a fresh perspective to the telecommunications sector, emphasizing customer experience and innovation.

Track Record: Since becoming CEO, Topi Manner has focused on driving Elisa's growth through digital transformation and international expansion. Key achievements include the successful rollout of 5G networks and the development of new IoT solutions. Under his leadership, Elisa has maintained its position as a leading telecommunications provider in Finland and has expanded its presence in other European markets.

Elisa Oyj ADR Information Unsponsored

An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. ELMUY is traded as a Level 1 ADR, meaning it trades over-the-counter (OTC) without needing to meet the strict listing requirements of exchanges like the NYSE or NASDAQ. This allows U.S. investors to invest in Elisa Oyj more easily.

  • Home Market Ticker: Helsinki Stock Exchange, Finland
  • ADR Level: 1
  • ADR Ratio: 1:1
  • Home Market Ticker: ELMU
Currency Risk: Investing in ELMUY exposes U.S. investors to currency risk, as the ADR's value is affected by fluctuations between the U.S. dollar and the Euro. If the Euro weakens against the dollar, the value of ELMUY in dollar terms may decrease, regardless of Elisa Oyj's performance in its home market.
Tax Implications: Dividends paid on ELMUY shares are subject to Finnish withholding tax. The standard withholding tax rate in Finland is 30%. However, the U.S. has a tax treaty with Finland that may reduce the withholding tax rate for eligible U.S. investors. Investors should consult with a tax advisor to determine their specific tax obligations.
Trading Hours: The Helsinki Stock Exchange operates from 10:00 AM to 6:30 PM Finnish time (EET), which is 3 hours ahead of Eastern Standard Time (EST). This means that there is a significant overlap between the trading hours of the Helsinki Stock Exchange and the U.S. stock markets. However, ELMUY, being an OTC stock, may have limited trading hours compared to its home market.

ELMUY OTC Market Information

The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited financial disclosure, and may not meet minimum listing requirements of major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the lack of regulatory oversight and potential for fraud or manipulation. Investors should exercise caution and conduct thorough due diligence before investing in ELMUY.

  • OTC Tier: OTC Other
Liquidity: Liquidity for ELMUY on the OTC market is likely to be limited, with potentially low trading volume and a wider bid-ask spread compared to exchange-listed stocks. This can make it difficult to buy or sell shares quickly and at a favorable price. Investors should be aware of the potential for price volatility and illiquidity when trading ELMUY on the OTC market.
OTC Risk Factors:
  • Limited financial disclosure
  • Low trading volume and liquidity
  • Potential for price volatility
  • Higher risk of fraud or manipulation
  • Lack of regulatory oversight
Due Diligence Checklist:
  • Verify the company's registration and legal status.
  • Review available financial reports and disclosures.
  • Assess the company's business model and competitive position.
  • Evaluate the company's management team and track record.
  • Understand the risks associated with investing in OTC stocks.
  • Consult with a financial advisor.
  • Monitor trading volume and price movements.
Legitimacy Signals:
  • Established operating history since 1882.
  • Presence in the telecommunications industry.
  • Publicly available information from the company itself.
  • ADR listing, even at Level 1, suggests some level of compliance.

Common Questions About ELMUY (Communication Services)

Is ELMUY a good stock?

Stock Expert AI does not rate ELMUY buy, sell or hold. Elisa Oyj has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.

What do analysts say about ELMUY stock?

Analyst coverage of ELMUY may be limited due to its OTC listing and status as a Level 1 ADR. However, key valuation metrics include its P/E ratio of 17.37 and dividend yield of 6.60%. Growth considerations include the company's expansion of 5G networks and its focus on digital services.

What are the key factors to evaluate for ELMUY?

Evaluate ELMUY on fundamentals, analyst consensus, and risk factors. P/E: 17.37x vs the S&P 500's ~20-25x. The company's profit margin of 15.2% and gross margin of 30.8% reflect efficient operations. Not financial advice.

How frequently does ELMUY data refresh on this page?

ELMUY's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.

What has driven ELMUY's recent stock price performance?

Elisa Oyj (ELMUY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position in Finland. See the News tab for the latest drivers. Past performance does not predict future results.

Should investors consider ELMUY overvalued or undervalued right now?

Elisa Oyj (ELMUY) trades at 17.37x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.

Can I buy fractional shares of ELMUY?

Yes, most major brokerages offer fractional shares of Elisa Oyj (ELMUY) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.

How can I track ELMUY's earnings and financial reports?

Elisa Oyj (ELMUY) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for ELMUY earnings announcements.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Price as of Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • OTC market investments carry additional risk.
Data Sources
Financial Modeling Prep (FMP)Stock Expert AI proprietary analysis

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