(GET) Getlink SE - Overview
Sector: Industrials | Industry: Railroads | Exchange: PA (France) | Market Cap: 10.578m EUR | Total Return: 30.8% in 12m
Industry Rotation: +0.1
Avg Turnover: 15.7M EUR
Peers RS (IBD): 63.8
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Getlink SE operates fixed link infrastructure and transport systems in France and the United Kingdom. Its primary asset, the Eurotunnel, connects the two countries via approximately 50-kilometer tunnels under the English Channel. This segment generates revenue from passenger shuttle services for various vehicles and managing passenger and rail freight trains. Fixed link infrastructure businesses typically involve high initial capital expenditure but offer long-term, stable revenue streams.
The Europorte segment provides integrated rail freight services, including national and international haulage. Rail freight is a critical component of logistics, offering an efficient mode for bulk goods transportation.
Getlink also operates ElecLink, a 1-gigawatt electricity interconnector between France and Great Britain. Electricity interconnectors contribute to energy security and market efficiency by allowing power to be traded between grids.
Additional operations include consultancy, rail sector training, retail, telecommunication cables, and property. Further research on ValueRay can provide detailed financial metrics and historical performance data for Getlink SE.
- Cross-Channel traffic volumes directly impact Eurotunnel shuttle revenue
- UK-EU trade policies influence freight and passenger demand
- Electricity interconnector (ElecLink) operational performance drives earnings
- Rail freight market competition affects Europorte segment profitability
| Net Income: 580.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -3.85 > 1.0 |
| NWC/Revenue: 41.45% < 20% (prev 40.44%; Δ 1.01% < -1%) |
| CFO/TA 0.16 > 3% & CFO 1.46b > Net Income 580.5m |
| Net Debt (3.62b) to EBITDA (1.22b): 2.97 < 3 |
| Current Ratio: 2.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (549.9m) vs 12m ago 1.43% < -2% |
| Gross Margin: 38.78% > 18% (prev 0.50%; Δ 3.83k% > 0.5%) |
| Asset Turnover: 31.52% > 50% (prev 33.80%; Δ -2.28% > 0%) |
| Interest Coverage Ratio: 2.33 > 6 (EBITDA TTM 1.22b / Interest Expense TTM 348.0m) |
| A: 0.13 (Total Current Assets 1.78b - Total Current Liabilities 607.0m) / Total Assets 9.01b |
| B: 0.08 (Retained Earnings 710.0m / Total Assets 9.01b) |
| C: 0.09 (EBIT TTM 812.5m / Avg Total Assets 9.02b) |
| D: 0.44 (Book Value of Equity 2.77b / Total Liabilities 6.24b) |
| Altman-Z'' Score: 2.19 = BBB |
| DSRI: 0.70 (Receivables 122.0m/187.0m, Revenue 2.84b/3.05b) |
| GMI: 1.29 (GM 38.78% / 50.10%) |
| AQI: 1.05 (AQ_t 0.07 / AQ_t-1 0.06) |
| SGI: 0.93 (Revenue 2.84b / 3.05b) |
| TATA: -0.10 (NI 580.5m - CFO 1.46b) / TA 9.01b) |
| Beneish M-Score: -3.13 (Cap -4..+1) = AA |
Over the past week, the price has changed by +1.34%, over one month by +13.13%, over three months by +18.87% and over the past year by +30.79%.
| Analysts Target Price | - | - |
P/E Trailing = 33.0847
P/E Forward = 34.6021
P/S = 6.4111
P/B = 3.7909
P/EG = 0.5527
Revenue TTM = 2.84b EUR
EBIT TTM = 812.5m EUR
EBITDA TTM = 1.22b EUR
Long Term Debt = 4.98b EUR (from longTermDebt, two quarters ago)
Short Term Debt = 121.0m EUR (from shortTermDebt, two quarters ago)
Debt = 5.12b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.62b EUR (from netDebt column, last quarter)
Enterprise Value = 14.20b EUR (10.58b + Debt 5.12b - CCE 1.50b)
Interest Coverage Ratio = 2.33 (Ebit TTM 812.5m / Interest Expense TTM 348.0m)
EV/FCF = 13.09x (Enterprise Value 14.20b / FCF TTM 1.08b)
FCF Yield = 7.64% (FCF TTM 1.08b / Enterprise Value 14.20b)
FCF Margin = 38.16% (FCF TTM 1.08b / Revenue TTM 2.84b)
Net Margin = 20.43% (Net Income TTM 580.5m / Revenue TTM 2.84b)
Gross Margin = 38.78% ((Revenue TTM 2.84b - Cost of Revenue TTM 1.74b) / Revenue TTM)
Gross Margin QoQ = 10.05% (prev 49.19%)
Tobins Q-Ratio = 1.58 (Enterprise Value 14.20b / Total Assets 9.01b)
Interest Expense / Debt = 2.07% (Interest Expense 106.0m / Debt 5.12b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 609.4m (EBIT 812.5m * (1 - 25.00%))
Current Ratio = 2.94 (Total Current Assets 1.78b / Total Current Liabilities 607.0m)
Debt / Equity = 1.85 (Debt 5.12b / totalStockholderEquity, last quarter 2.77b)
Debt / EBITDA = 2.97 (Net Debt 3.62b / EBITDA 1.22b)
Debt / FCF = 3.34 (Net Debt 3.62b / FCF TTM 1.08b)
Total Stockholder Equity = 2.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.44% (Net Income 580.5m / Total Assets 9.01b)
RoE = 22.99% (Net Income TTM 580.5m / Total Stockholder Equity 2.52b)
RoCE = 10.82% (EBIT 812.5m / Capital Employed (Equity 2.52b + L.T.Debt 4.98b))
RoIC = 7.87% (NOPAT 609.4m / Invested Capital 7.74b)
WACC = 4.76% (E(10.58b)/V(15.69b) * Re(6.31%) + D(5.12b)/V(15.69b) * Rd(2.07%) * (1-Tc(0.25)))
Discount Rate = 6.31% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 0.71%
[DCF] Terminal Value 83.71% ; FCFF base≈1.22b ; Y1≈974.8m ; Y5≈655.5m
[DCF] Fair Price = 30.40 (EV 20.09b - Net Debt 3.62b = Equity 16.47b / Shares 541.9m; r=6.0% [WACC]; 5y FCF grow -24.38% → 3.0% )
EPS Correlation: -6.86 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: 61.23 | Revenue CAGR: 64.13% | SUE: -0.02 | # QB: 0
EPS current Year (2026-12-31): EPS=0.56 | Chg7d=+0.002 | Chg30d=+0.014 | Revisions Net=+0 | Growth EPS=-5.2% | Growth Revenue=+5.3%
EPS next Year (2027-12-31): EPS=0.58 | Chg7d=+0.001 | Chg30d=-0.008 | Revisions Net=+1 | Growth EPS=+3.4% | Growth Revenue=+1.7%
[Growth] Implied Growth Rate = 4.9% (Discount Rate 7.9% - Earnings Yield 3.0%)
[Growth] Growth Spread = -3.2% (Analyst 1.7% - Implied 4.9%)