(GET) Getlink SE - PA
Sector: Industrials | Industry: Railroads | Exchange: PA (France) | Market Cap: 10.047m EUR | Total Return: 19.8% in 12m
Avg Turnover: 16.5M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Getlink SE is a French infrastructure operator best known for running the Channel Tunnel (Chunnel) between Folkestone in the United Kingdom and Coquelles in France. The company reports through three segments: Eurotunnel, which operates the sub-sea rail tunnels and terminals and provides shuttle services for trucks, cars, coaches, motorcycles and other vehicles, plus passenger and rail freight traffic; Europorte, which offers integrated rail freight services such as haulage, secondary-line operations and infrastructure maintenance; and ElecLink, a 1-gigawatt electricity interconnector running through the tunnel between France and Great Britain. Getlink also earns ancillary revenue from consulting, rail-sector training, telecoms cables, property activities and travel insurance.
Headquartered in Paris and listed on Euronext Paris (ticker: GET), Getlink operates under a long-dated concession model that is typical of large rail and tunnel infrastructure assets, where a single operator holds the right to finance, build and run the asset for an extended period in exchange for tolls and usage fees. The companys GICS classification sits within Industrials / Rail Transportation, reflecting that its core cash flows come from fixed-link transport infrastructure and the related freight and shuttle operations rather than passenger train retailing, which is handled by separate Eurostar-style operators that pay to use the tunnel.
- ElecLink interconnector revenue tied to UK-France power price spreads
- Cross-Channel truck shuttle volumes underpin Eurotunnel freight revenue
- Post-Brexit border checks pressure passenger traffic against ferry competition
| Net Income: 263.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -3.53 > 1.0 |
| NWC/Revenue: 78.12% < 20% (prev 32.09%; Δ 46.02% < -1%) |
| CFO/TA 0.07 > 3% & CFO 665.0m > Net Income 263.5m |
| Net Debt (3.68b) to EBITDA (859.0m): 4.29 < 3 |
| Current Ratio: 3.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (549.9m) vs 12m ago 1.43% < -2% |
| Gross Margin: 61.63% > 18% (prev 51.61%; Δ 10.02% > 0.5%) |
| Asset Turnover: 17.49% > 50% (prev 17.48%; Δ 0.01% > 0%) |
| Interest Coverage Ratio: 3.03 > 6 (EBIT TTM 630.0m / Interest Expense TTM 208.0m) |
| A: 0.14 (Total Current Assets 1.78b - Total Current Liabilities 539.0m) / Total Assets 9.01b |
| B: 0.12 (Retained Earnings 1.12b / Total Assets 9.01b) |
| C: 0.07 (EBIT TTM 630.0m / Avg Total Assets 9.12b) |
| D: 0.44 (Book Value of Equity 2.77b / Total Liabilities 6.24b) |
| Altman-Z'' = 2.24 = BBB |
| DSRI: 0.55 (Receivables 122.0m/224.0m, Revenue 1.59b/1.61b) |
| GMI: 0.84 (GM 51.61% / 61.63%) |
| AQI: 1.00 (AQ_t 0.09 / AQ_t-1 0.09) |
| SGI: 0.99 (Revenue 1.59b / 1.61b) |
| TATA: -0.04 (NI 263.5m - CFO 665.0m) / TA 9.01b) |
| Beneish M = -3.56 (Cap -4..+1) = AAA |
As of June 28, 2026, the stock is trading at EUR 18.71 with a total of 581,758 shares traded. Over the past week, the price has changed by +1.03%, over one month by +5.60%, over three months by +10.68% and over the past year by +19.84%.
Current recommended Stop Loss: 18.30 (which is 2.2% or 1.5 ATR below the current price).
Getlink SE has no consensus analysts rating.
P/E Trailing = 31.3898
P/E Forward = 31.1526
P/S = 6.0889
P/B = 3.6609
P/EG = 0.5527
Revenue TTM = 1.59b EUR
EBIT TTM = 630.0m EUR
EBITDA TTM = 859.0m EUR
Long Term Debt = 4.92b EUR (from longTermDebt, last quarter)
Short Term Debt = 139.0m EUR (from shortTermDebt, last quarter)
Debt = 5.18b EUR (from shortLongTermDebtTotal, last quarter) + Leases 65.0m
Net Debt = 3.68b EUR (calculated: Debt 5.18b - CCE 1.50b)
Enterprise Value = 13.7b EUR (10.0b + Debt 5.18b - CCE 1.50b)
Interest Coverage Ratio = 3.03 (Ebit TTM 630.0m / Interest Expense TTM 208.0m)
EV/FCF = 36.66x (Enterprise Value 13.7b / FCF TTM 374.5m)
FCF Yield = 2.73% (FCF TTM 374.5m / Enterprise Value 13.7b)
FCF Margin = 23.48% (FCF TTM 374.5m / Revenue TTM 1.59b)
Net Margin = 16.52% (Net Income TTM 263.5m / Revenue TTM 1.59b)
Gross Margin = 61.63% ((Revenue TTM 1.59b - Cost of Revenue TTM 612.0m) / Revenue TTM)
Gross Margin QoQ = 65.41% (prev 49.19%)
Tobins Q-Ratio = 1.52 (Enterprise Value 13.7b / Total Assets 9.01b)
Interest Expense / Debt = 4.02% (Interest Expense 208.0m / Debt 5.18b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 472.5m (EBIT 630.0m * (1 - 25.00%))
Current Ratio = 3.31 (Total Current Assets 1.78b / Total Current Liabilities 539.0m)
Debt / Equity = 1.87 (Debt 5.18b / totalStockholderEquity, last quarter 2.77b)
Debt / EBITDA = 4.29 (Net Debt 3.68b / EBITDA 859.0m)
Debt / FCF = 9.83 (Net Debt 3.68b / FCF TTM 374.5m)
Total Stockholder Equity = 2.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.89% (Net Income 263.5m / Total Assets 9.01b)
RoE = 10.44% (Net Income TTM 263.5m / Total Stockholder Equity 2.52b)
RoCE = 8.47% (EBIT 630.0m / Capital Employed (Equity 2.52b + L.T.Debt 4.92b))
RoIC = 5.54% (NOPAT 472.5m / Invested Capital 8.53b)
WACC = 5.12% (E(10.0b)/V(15.2b) * Re(6.20%) + D(5.18b)/V(15.2b) * Rd(4.02%) * (1-Tc(0.25)))
Discount Rate = 6.20% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 0.86%
[DCF] Terminal Value 73.10% ; FCFF base≈508.7m ; Y1≈446.1m ; Y5≈360.4m
[DCF] Fair Price = 3.88 (EV 5.79b - Net Debt 3.68b = Equity 2.10b / Shares 542.5m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 9.57 | Revenue CAGR: 2.09% | SUE: -0.02 | # QB: 0
EPS current Year (2026-12-31): EPS=0.59 | Chg30d=+0.00% | Revisions=N/A | GrowthEPS=+0.8% | GrowthRev=+6.9%
EPS next Year (2027-12-31): EPS=0.59 | Chg30d=+0.57% | Revisions=+20% | GrowthEPS=-1.3% | GrowthRev=+1.8%
[Analyst] Revisions Ratio: +20%