ETL Stock Analysis: Eutelsat Communications | PA
Telecom Services | PA, France | Market Cap: 2.994m EUR | 12M Return: -11.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.17M
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Eutelsat Communications S.A. is a French-based satellite telecommunications operator founded in 1977 and headquartered in Issy-les-Moulineaux, France. The company operates a combination of geostationary satellites and a low Earth orbit (LEO) constellation, providing capacity for video distribution, fixed and mobile connectivity, and government services. Its offerings also include maritime and in-flight mobility services, technical support, and earth station services, delivered directly or through distributors under the Eutelsat brand.
Eutelsat serves broadcasters, international telecom operators, corporate network integrators, and government agencies across Europe (with a focus on France, Italy, and the UK), the Americas, the Middle East, Africa, and Asia. As a member of the GICS Cable & Satellite sub-industry within Communication Services, the company operates in a capital-intensive sector where operators compete on orbital slot rights, spectrum allocation, and the ability to bundle broadcast, broadband, and mobility services. The LEO component positions Eutelsat alongside a small group of hybrid GEO/LEO operators, an arrangement often pursued to extend coverage and reduce latency for data and mobility applications.
- OneWeb LEO constellation revenue ramps amid Starlink competition
- Legacy video broadcast revenue declines as streaming shifts accelerate
- Government defense contracts grow following OneWeb merger integration
- High leverage from OneWeb acquisition pressures capital allocation flexibility
| Net Income: -445.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.22 > 1.0 |
| NWC/Revenue: 119.3% < 20% (prev 27.28%; Δ 92.07% < -1%) |
| CFO/TA 0.05 > 3% & CFO 393.8m > Net Income -445.1m |
| Net Debt (3.00b) to EBITDA (553.3m): 5.42 < 3 |
| Current Ratio: 3.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (567.9m) vs 12m ago 57.03% < -2% |
| Gross Margin: 21.06% > 18% (prev 80.88%; Δ -59.83% > 0.5%) |
| Asset Turnover: 15.94% > 50% (prev 16.36%; Δ -0.41% > 0%) |
| Interest Coverage Ratio: -0.97 > 6 (EBIT TTM -178.0m / Interest Expense TTM 183.1m) |
| A: 0.19 (Total Current Assets 2.15b - Total Current Liabilities 688.0m) / Total Assets 7.80b |
| B: -0.14 (Retained Earnings -1.13b / Total Assets 7.80b) |
| C: -0.02 (EBIT TTM -178.0m / Avg Total Assets 7.71b) |
| D: 0.97 (Book Value of Equity 3.82b / Total Liabilities 3.92b) |
| Altman-Z'' = 1.63 = BB |
| DSRI: 1.03 (Receivables 340.9m/335.1m, Revenue 1.23b/1.25b) |
| GMI: 3.84 (GM 80.88% / 21.06%) |
| AQI: 0.88 (AQ_t 0.17 / AQ_t-1 0.19) |
| SGI: 0.99 (Revenue 1.23b / 1.25b) |
| TATA: -0.11 (NI -445.1m - CFO 393.8m) / TA 7.80b) |
| Beneish M = -0.52 (Cap -4..+1) = D |
As of July 10, 2026, the stock is trading at EUR 2.42 with a total of 1,360,219 shares traded. Over the past week, the price has changed by -4.31%, over one month by -15.49%, over three months by +6.65% and over the past year by -11.56%.
Current recommended Stop Loss: 2.20 (which is 9.1% or 1.2 ATR below the current price).
Eutelsat Communications has no consensus analysts rating.
P/E Forward = 6.9735
P/S = 2.4362
P/B = 0.7713
P/EG = 1.7802
Revenue TTM = 1.23b EUR
EBIT TTM = -178.0m EUR
EBITDA TTM = 553.3m EUR
Long Term Debt = 2.45b EUR (from longTermDebt, last quarter)
Short Term Debt = 220.3m EUR (from shortTermDebt, last quarter)
Debt = 3.15b EUR (from shortLongTermDebtTotal, last quarter) + Leases 275.1m
Net Debt = 3.00b EUR (calculated: Debt 3.15b - CCE 154.3m)
Enterprise Value = 5.99b EUR (2.99b + Debt 3.15b - CCE 154.3m)
Interest Coverage Ratio = -0.97 (Ebit TTM -178.0m / Interest Expense TTM 183.1m)
EV/FCF = -54.09x (Enterprise Value 5.99b / FCF TTM -110.8m)
FCF Yield = -1.85% (FCF TTM -110.8m / Enterprise Value 5.99b)
FCF Margin = -9.01% (FCF TTM -110.8m / Revenue TTM 1.23b)
Net Margin = -36.21% (Net Income TTM -445.1m / Revenue TTM 1.23b)
Gross Margin = 21.06% ((Revenue TTM 1.23b - Cost of Revenue TTM 970.3m) / Revenue TTM)
Gross Margin QoQ = 19.52% (prev 22.48%)
Tobins Q-Ratio = 0.77 (Enterprise Value 5.99b / Total Assets 7.80b)
Interest Expense / Debt = 5.81% (Interest Expense 183.1m / Debt 3.15b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = -133.5m (EBIT -178.0m * (1 - 25.00%)) [loss with tax shield]
Current Ratio = 3.13 (Total Current Assets 2.15b / Total Current Liabilities 688.0m)
Debt / Equity = 0.83 (Debt 3.15b / totalStockholderEquity, last quarter 3.82b)
Debt / EBITDA = 5.42 (Net Debt 3.00b / EBITDA 553.3m)
Debt / FCF = -27.07 (negative FCF - burning cash) (Net Debt 3.00b / FCF TTM -110.8m)
Total Stockholder Equity = 3.31b (last 4 quarters mean from totalStockholderEquity)
RoA = -5.77% (Net Income -445.1m / Total Assets 7.80b)
RoE = -13.43% (Net Income TTM -445.1m / Total Stockholder Equity 3.31b)
RoCE = -3.09% (EBIT -178.0m / Capital Employed (Equity 3.31b + L.T.Debt 2.45b))
RoIC = -1.84% (negative operating profit) (NOPAT -133.5m / Invested Capital 7.27b)
WACC = 1.61% (E(2.99b)/V(6.15b) * Re(-1.28%) + D(3.15b)/V(6.15b) * Rd(5.81%) * (1-Tc(0.25)))
Discount Rate = 5.29% (= Risk Free + ERP)
Shares (quarterly) Correlation: 88.66 | Cagr: 49.34%
[DCF] Fair Price = unknown (Cash Flow -110.8m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 76.92 | Revenue CAGR: 13.66% | SUE: 1.25 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-06-30): EPS=-0.33 | Chg30d=+9.82% | Revisions=+17% | GrowthEPS=+85.7% | GrowthRev=-3.6%
EPS next Year (2027-06-30): EPS=-0.23 | Chg30d=+6.98% | Revisions=+17% | GrowthEPS=+28.3% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +22% (up=4, down=2)