Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Électricité de Strasbourg SA is a French société anonyme specializing in electricity and gas distribution, primarily serving the Alsace region, particularly the Bas-Rhin department. Founded in 1899, the company operates, maintains, develops, and renews an extensive electrical network under the ESR brand, spanning over 12,000 km and delivering power to approximately 800,000 customers. It organizes its activities into three main segments: electricity distribution focused on network management; electricity and gas production, marketing, and trading, which accounts for the majority of revenues at around 78%; and energy services encompassing real estate, geothermal energy, and technical building installations. As France's second-largest electricity distributor and the only listed local distribution company (ELD), it holds a notable 1.5% share of national electricity consumption. Majority-owned by EDF Développement Environnement SA, Électricité de Strasbourg SA employs about 1,125 people and operates through subsidiaries like ES Energies Strasbourg SA and Fipares SA, contributing to regional energy security, renewable integration with 40% from sources like hydro, solar, and wind, and sustainable infrastructure investments.
18.73% operating margin is respectable but not wide. ROIC at 24.81%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 12.1% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 27.27% to 24.81%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€1.21B
▼ -12.1% YoY
Net Income (TTM)
€159M
▲ +7.3% YoY
Op. Margin
18.73%
▲ +4.1pp YoY
ROIC
24.81%
▼ -2.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€161M
▲ +44.4% YoY
Op. Cash Flow (TTM)
€200M
▲ +70.3% YoY
Net Debt
-€359M
Net Cash Position
Cash & Equiv.
€366M
3Y CAGR: -1.1%
3Y CAGR: +31.9%
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