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Elopak ASA (ELO.OL)

NOK35.20 +0.85 (+2.47%)
NO OSL Consumer Cyclical Packaging & Containers
Address Karenslyst Alle 53 279
Oslo, NO
CEO Bent K. Axelsen
Website elopak.com
IPO 2021-06-17
ISIN NO0011002586

Explore sections of this company profile

Also trades on Oslo Stock Exchange · ELO.OL (NOK) Other OTC · ELPKF (USD)
Description

Established in 1957 and headquartered in Oslo, Norway, Elopak ASA is a prominent manufacturer and supplier of paper-based packaging solutions for various liquid consumables worldwide. The company's diverse product range includes Pure-Pak cartons, designed for both refrigerated and ambient liquids, such as beverages, along with the corresponding filling equipment and robust distribution packaging. Beyond the food sector, Elopak also crafts packaging for household and personal care products like detergents, fabric softeners, and hand wash. Their offerings extend to comprehensive printing services, utilizing technologies such as standard, super, and UV-flexo, as well as offset lithography. They also provide digital and machine print proofs on paperboard. Furthermore, customers can acquire various related machinery and equipment directly via Elopak's online webshop.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
NOK35.20 +0.85 (+2.47%)
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Volume Profile
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Liquidity & share structure
Average Volume
354.1K
Beta
0.75
Float Shares
132.16M
Free Float %
49.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.43% +1.17% +4.56% -26.14% -16.40% -26.42% -13.91% +61.83% +39.29% +39.29% +39.29%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
35.20
DCF (Unlevered) 144.54 +310.6%
DCF (Levered) 194.36 +452.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 +1
Hold 2 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.86
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Packaging & Containers: +2.6%
    +4.2% Q1'26: -3.9% (vs Q1'25)
  • EPS growth Packaging & Containers: +8.0%
    +0.0% Q1'26: -4.6% (vs Q1'25)
  • FCF margin FCF growth · Packaging & Containers: +34.6%
    +12.0% Q1'26: +6.6% (vs Q1'25)
  • EBIT margin Packaging & Containers: +7.0%
    +10.5% Q1'26: +11.3% (vs Q1'25)
  • ROIC Packaging & Containers: +6.2%
    +12.8% Q1'26: +13.5% (vs Q1'25)
  • Share dilution Packaging & Containers: +0.2%
    0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaging & Containers: 0.83×
    2.21× Q1'26: 2.17× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.77) × ERP
WACC = 69% × Ke + 31% × Kd (10.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 147.34 Current price: 35.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
3 EPS Ana.
Dec 2027
4 Rev. Ana.
4 EPS Ana.
Dec 2028
3 Rev. Ana.
3 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
855.27M
est: 936.08M (-8.6%)
1.02B
est: 1.06B (-3.0%)
1.13B
est: 100.43M (+1,027.2%)
1.16B
est: 1.16B (-0.2%)
1.21B
est: 1.18B (+1.9%)
1.23B
1.21B – 1.27B
+3.9% YoY
1.35B
1.30B – 1.38B
+9.9% YoY
1.43B
1.38B – 1.47B
+5.5% YoY
1.42B
1.38B – 1.46B
-0.2% YoY
EBITDA
107.94M
est: 124.10M (-13.0%)
133.11M
est: 139.94M (-4.9%)
171.84M
est: 18.89M (+809.8%)
137.29M
est: 217.87M (-37.0%)
193.40M
est: 222.61M (-13.1%)
231.22M
227.04M – 238.66M
+3.9% YoY
254.20M
244.17M – 260.33M
+9.9% YoY
268.30M
260.43M – 275.79M
+5.5% YoY
267.69M
259.84M – 275.17M
-0.2% YoY
EBIT
51.49M
est: 71.22M (-27.7%)
56.99M
est: 80.31M (-29.0%)
110.51M
est: 16.33M (+576.7%)
102.02M
est: 188.37M (-45.8%)
126.67M
est: 192.47M (-34.2%)
199.92M
196.30M – 206.35M
+3.9% YoY
219.78M
211.11M – 225.08M
+9.9% YoY
231.97M
225.17M – 238.45M
+5.5% YoY
231.44M
224.66M – 237.91M
-0.2% YoY
Net Income
33.81M
est: 45.11M (-25.1%)
10.86M
est: 38.74M (-72.0%)
67.06M
est: 6.16M (+989.1%)
60.91M
est: 71.23M (-14.5%)
61.56M
est: 60.73M (+1.4%)
75.03M
72.26M – 77.81M
+23.6% YoY
91.77M
84.94M – 98.59M
+22.3% YoY
102.74M
97.33M – 108.15M
+12.0% YoY
101.41M
97.54M – 105.09M
-1.3% YoY
SGA
22.12M
est: 20.85M (+6.1%)
24.67M
est: 23.52M (+4.9%)
24.16M
est: 2.30M (+948.7%)
25.69M
est: 26.57M (-3.3%)
25.52M
est: 27.15M (-6.0%)
28.20M
27.69M – 29.11M
+3.9% YoY
31.00M
29.78M – 31.75M
+9.9% YoY
32.72M
31.76M – 33.63M
+5.5% YoY
32.65M
31.69M – 33.56M
-0.2% YoY
EPS
0.13
est: 0.17 (-22.5%)
0.04
est: 0.14 (-72.2%)
0.26
est: 0.02 (+1,036.6%)
0.23
est: 0.27 (-13.2%)
0.23
est: 0.23 (+1.8%)
0.28
0.27 – 0.29
+23.5% YoY
0.34
0.32 – 0.37
+21.3% YoY
0.38
0.36 – 0.40
+11.9% YoY
0.38
0.36 – 0.39
-0.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-05-11 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-05-08 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-05-07 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-05-06 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-05-05 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-05-04 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-30 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-29 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-28 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-27 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-24 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
142.55M
OE per share TTM
0.53
Owner's Yield
1.39%
Maintenance CapEx ratio
20.41%
Maint CapEx / Avg PPE
28.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 34 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Norway ETF ENOR 0.22% 204.2K 0.53%
2 Global X - MSCI Norway ETF NORW 0.22% 190.4K 0.50%
3 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.21% 192.1K 0.38%
4 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.21% 192.1K 0.38%
5 WisdomTree International SmallCap Dividend Fund DLS 0.09% 890.1K 0.58%
6 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.09% 366.8K 0.48%
7 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.03% 1.07M 0.30%
8 State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc ZPRX.DE 0.03% 238.0K 0.30%
9 iShares MSCI Europe Small-Cap ETF IEUS 0.03% 51.5K 0.41%
10 Adasina Social Justice All Cap Global ETF JSTC 0.02% 54.4K 0.89%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
58.8K
Shares Outstanding
268.94M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Lionel Ettedgui Executive Vice President of North America 8M male
Stephen D. Naumann Executive Vice President of Region Europe North & CIS 7M male
Nete Bechmann Chief Human Resources Officer 5M female
Bent K. Axelsen Chief Financial Officer 5M male
Ivan Ferrini Executive Vice President for Packaging & Procurement 5M male
Wolfgang Buchkremer Chief Technical Officer 4M male
Finn Tørjesen Executive Vice President for Region Europe South & MENA 4M male
Uwe Schulze Chief Technology Officer and Executive Vice President of Product & Development 4M
Thea Corwin Bristol Chief Marketing & Communications Officer 3M female
Matthias Finking Executive Vice President of Equipment & Services 3M male
Anette Bauer Ellingsen Senior Food Microbiologist & Employee Representative Director 167.2K
Christian Gjerde Head of Treasury & Investor Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits