Elinoil Hellenic Petroleum Company S.A (ELIN) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Elinoil Hellenic Petroleum Company S.A stock €2.42, price €1.77, upside +37.1%, quality 57 out of 100. Rating: undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range €1.41 – €2.74 · fair‑value band €1.43 – €3.08 · the €1.77 price screens below the €2.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Elinoil Hellenic Petroleum Company S.A. engages in the supply of liquid and solid fuels, and lubricants for industrial plants worldwide.
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The company offers gasoline; motor oil; differentiated fuels crystal next; heating oil; fuel oil; asphalt; lubricants comprising vehicle, industrial, and marine lubricants, as well as greases and various other special products; cutterstocks; feedstocks; electricity; natural gas; and solid fuels, such as anthracite, coal, petcoke, flexicoke, and metallurgical coke.
It also operates petrol stations; and gas and boat refueling stations. In addition, the company engages in design, construction, and maintenance of private projects, shops, and industrial spaces; production and sale of biodiesels; supply of yachts; and provides technical and construction solutions.
The company was formerly known as D. Diamantidis - Ch. Courouclis & Associates. Elinoil Hellenic Petroleum Company S.A. was founded in 1954 and is headquartered in Kifissia, Greece. Elinoil Hellenic Petroleum Company S.A. is a subsidiary of ELINOIL SA.
Stock analysis
Elinoil Hellenic Petroleum Company S.A (ELIN) currently trades at €1.77, while our model-based Fair Value estimate is €2.42, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €20.59 per share, and 14 of the 24 models we run sit above the €1.77 price.
Bear case: the Multiples group reads lowest at €0.5400, and 10 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: €1.43 (bear) to €3.08 (bull), the price of €1.77 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Elinoil Hellenic Petroleum Company S.A reported revenue of €2.2B in FY2025 versus €1.5B in FY2021, a compound +10.3%/yr. Reported net income was €90.5K in FY2025, compounding −61.1%/yr from FY2021.
Key figures
Market cap €41.9M Micro · P/E ratio 26.0 · EPS (TTM) €0.0680 · Net margin −0.7% · Return on equity −14.9% · Return on assets (EBIT) 5.9% (5-year average) · Operating margin −2.6% · Revenue (TTM) €1.7B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at 37%, ELIN screens cheaper than that median.
Fair Value models
Bear€1.43Fair Value €2.42Bull€3.08
Price €1.77 · Upside +37.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.0583 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF€29.95€42.92€59.7378
Growth DCF€29.87€40.86€54.1377
Owner Earnings€7.58€10.79€14.9475
All 25 models by family
DCF Models
FCF DCF€29.95€42.92€59.7378
Owner Earnings€7.58€10.79€14.9475
5Y Revenue Exit€14.13€16.90€19.7272
5Y EBITDA Exit€14.56€17.71€20.8774
5Y P/E Exit€12.92€14.58€15.9370
10Y Revenue Exit€20.72€24.87€29.5066
10Y EBITDA Exit€21.01€25.37€30.2768
10Y P/E Exit€20.10€23.47€26.9763
Earnings-Based
Graham-Dodd€0.0300€0.0900€0.120063
Lynch FV€0.0200€0.0300€0.040059
PEG = 1.0€0.0200€0.0300€0.040055
EPV€1.86€2.05€2.2174
Dividend Discount
Gordon GGM€0.9600€1.62€2.1166
DDM Multi-Stage€0.9600€1.52€1.7465
Multiples
P/E Multiple€0.0400€0.0500€0.070062
P/S Multiple€0.0500€0.0600€0.080058
P/B Multiple€4.48€5.97€7.4655
EV/EBITDAn/a€1.02€2.1262
EV/Revenuen/an/a€0.880050
Asset-Based
NCAV (Graham)€0.3900€0.5800€0.730055
Growth DCF
Growth DCF€29.87€40.86€54.1377
Rev-Margin DCF€14.13€17.52€21.7472
Economic Profit
Residual Income€1.69€1.85€2.0674
ROIC Compounder€1.86€2.05€2.2170
Growth Earnings
Growth-Adj P/E€0.0400€0.0500€0.070065
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−18.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−16.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.9%
Start year 2020 (pandemic). Over 10 years: +8.1% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−51.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−51.3%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−51.3% vs −30.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 0%
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Refining & Marketing · 115 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+37.5% · Top 25%
Profitability
Return on assets0.0% · Bottom 25%
Net margin (12 months)−0.7% · Bottom 25%
Operating margin (12 months)−2.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−45.0% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.19× · Below median
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Elinoil Hellenic Petroleum Company S.A Fair Value". https://www.fairvalue-calculator.com/stock/ELIN
Frequently asked questions
Is Elinoil Hellenic Petroleum Company S.A (ELIN) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €2.42 versus a price of €1.77, about +37% upside (undervalued).
What is the fair value of ELIN?
Our model-based fair value for Elinoil Hellenic Petroleum Company S.A is €2.42 (as of Nov 9, 2026), built from audited fundamentals. The current price: €1.77.
What is the quality score of ELIN?
Elinoil Hellenic Petroleum Company S.A has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Elinoil Hellenic Petroleum Company S.A (ELIN)?
Our model-based price target is the fair value of €2.42 (as of Nov 9, 2026) from 25 valuation models. Cautious scenario €1.43, optimistic scenario €3.08. It is a calculation from audited fundamentals, not an analyst target.
What is the Elinoil Hellenic Petroleum Company S.A stock forecast for 2026?
Our models put fair value at €2.42, about +37% upside versus a price of €1.77 (undervalued). Cautious scenario €1.43, optimistic scenario €3.08. The calculation is refreshed regularly with new filings.
What is the revenue of Elinoil Hellenic Petroleum Company S.A (ELIN)?
Elinoil Hellenic Petroleum Company S.A reported trailing-twelve-month revenue of about €1.7B (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Elinoil Hellenic Petroleum Company S.A (ELIN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Elinoil Hellenic Petroleum Company S.A it is €2.42 per share (as of Nov 9, 2026), against a price of €1.77. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Elinoil Hellenic Petroleum Company S.A stock overvalued or undervalued in 2026?
As of Nov 9, 2026, ELIN trades below its calculated fair value: price €1.77, fair value €2.42, a gap of about +37% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ELIN?
No. The price is what the market pays today (€1.77); the fair value is what the company's own numbers justify (€2.42). For Elinoil Hellenic Petroleum Company S.A the two are €0.6550 per share apart. That gap is exactly why we show both numbers side by side.
How much is Elinoil Hellenic Petroleum Company S.A worth?
The market values Elinoil Hellenic Petroleum Company S.A at about €41.9M (market capitalisation, as of Nov 9, 2026). Per share that is €1.77; our models calculate a fair value of €2.42 per share.
What do the bullish and bearish scenarios say about ELIN?
Our models span a range for Elinoil Hellenic Petroleum Company S.A: cautious scenario €1.43, base €2.42, optimistic €3.08 per share (as of Nov 9, 2026, price €1.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ELIN?
Elinoil Hellenic Petroleum Company S.A trades at a price-to-earnings ratio of 26.0 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €2.42 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 9.3. Other multiples: P/B 0.5, P/S 0.0.
How solid is the balance sheet of Elinoil Hellenic Petroleum Company S.A (ELIN)?
Balance-sheet figures for Elinoil Hellenic Petroleum Company S.A (as of Nov 9, 2026): return on equity −14.9%, debt of 0.19 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is ELIN from its 52-week high?
Elinoil Hellenic Petroleum Company S.A trades at €1.77, about 31% below its 52-week high of €2.57 and at the low of €1.76 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €2.42 is for.
Which stocks are comparable to Elinoil Hellenic Petroleum Company S.A?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Phillips 66, Marathon Petroleum Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Elinoil Hellenic Petroleum Company S.A stock attractive at the current price?
The data as of Nov 9, 2026: price €1.77, calculated fair value €2.42 (+37%), Quality Score 57/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ELIN calculated?
We run Elinoil Hellenic Petroleum Company S.A through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €2.42 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Elinoil Hellenic Petroleum Company S.A currently trades 27% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Elinoil Hellenic Petroleum Company S.A (ELIN)?
The closing price on Nov 9, 2026 was €1.77. Our model-based fair value is €2.42, about +37% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elinoil Hellenic Petroleum Company S.A right now?
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€1.43 to €3.08) leaves room in how you read the outcome.
Where does the earnings growth of Elinoil Hellenic Petroleum Company S.A (ELIN) come from?
Earnings per share at Elinoil Hellenic Petroleum Company S.A grew +6.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.6 %, EBIT margin +1.8 %, tax rate +1.3 %, residual (interest, one-offs) −6.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Elinoil Hellenic Petroleum Company S.A
How large is the market capitalisation of Elinoil Hellenic Petroleum Company S.A (ELIN)?
The market capitalisation of Elinoil Hellenic Petroleum Company S.A is €41.9M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Elinoil Hellenic Petroleum Company S.A (ELIN)?
Earnings per share at Elinoil Hellenic Petroleum Company S.A are €0.0680 (price ÷ EPS = P/E 26.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Elinoil Hellenic Petroleum Company S.A (ELIN)?
The net margin of Elinoil Hellenic Petroleum Company S.A is −0.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Elinoil Hellenic Petroleum Company S.A (ELIN)?
The return on equity (ROE) of Elinoil Hellenic Petroleum Company S.A is −14.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Elinoil Hellenic Petroleum Company S.A (ELIN)?
On an EBIT basis the return on assets of Elinoil Hellenic Petroleum Company S.A is 5.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Elinoil Hellenic Petroleum Company S.A (ELIN)?
The operating margin of Elinoil Hellenic Petroleum Company S.A is −2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elinoil Hellenic Petroleum Company S.A (ELIN)?
Revenue at Elinoil Hellenic Petroleum Company S.A is growing −45.0% versus a year earlier (3y avg −16.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Elinoil Hellenic Petroleum Company S.A (ELIN)?
Earnings per share at Elinoil Hellenic Petroleum Company S.A are growing −82.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Elinoil Hellenic Petroleum Company S.A (ELIN) generate?
The free cash flow of Elinoil Hellenic Petroleum Company S.A is €75.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Elinoil Hellenic Petroleum Company S.A (ELIN) carry?
The net debt of Elinoil Hellenic Petroleum Company S.A is €79.1M (fiscal year 2025, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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