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Elinoil Hellenic Petroleum Company (ELIN) Fair Value & Analysis

Energy · GR · Market cap €51.5M

EH Elinoil Hellenic Petroleum Company ELIN · AT
Price€2.07
Fair Value€3.19
Upside+54.2%
Quality47/100
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Mixed Growth
Loss-making · -0.2% net margin
Low debt
Trails peers (4/13)
Narrow moat 14/100
Evidence: Medium Range €2.38 – €4.54 Share as image

Fair value as of: Jul 24, 2026

From 17 valuation models · updated 18 days ago

Fair value updated Jul 24, 2026, revised from €8.25 to €3.19 (−61.3%) since Jun 25, 2026. Share price −2.8% over the past month.

Below-average quality, screening 54% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€2.38). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€2.38 to €4.54) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€2.74 €1.41 Fair Value €3.19 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range €1.41 – €2.74 · fair‑value band €2.38 – €4.54 · the €2.07 price screens below the €3.19 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Elinoil Hellenic Petroleum Company (ELIN) currently trades at €2.07, while our model-based Fair Value estimate is €3.19, implying the stock looks roughly 54.2% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Elinoil Hellenic Petroleum Company generated revenue of €2.0B at a net margin of -0.2%. Revenue declined 48.0% year over year. It earns a return on equity of -3.8%. The stock trades on a trailing P/E of 31.9. Fundamentals as of Jul 24, 2026

Our scenario range runs from €2.38 (bear case) to €4.54 (bull case); at €2.07, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -48% fair-value upside, at 54%, ELIN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income €2.80 €3.56 €8.83 76
ROIC Compounder €8.71 €11.65 €15.31 72
Gordon GGM €0.5100 €0.8600 €1.12 70
All 17 models by family
DCF Models
Owner Earnings €7.34 €14.55 €27.12 31
Earnings-Based
Graham-Dodd €3.45 €24.04 €33.74 54
Lynch FV €9.27 €13.24 €17.22 50
PEG = 1.0 €9.27 €13.24 €17.22 46
EPV €7.16 €8.03 €8.74 59
Dividend Discount
Gordon GGM €0.5100 €0.8600 €1.12 70
DDM Multi-Stage €0.5100 €0.8200 €0.9300 61
Multiples
P/E Multiple €5.32 €7.10 €8.87 63
P/S Multiple €6.46 €8.62 €10.77 58
P/B Multiple €4.00 €5.33 €6.66 55
EV/EBIT €8.37 €11.21 €14.04 53
EV/EBITDA €6.16 €8.25 €10.35 54
EV/Revenue €10.19 €14.61 €19.03 43
Asset-Based
NCAV (Graham) €1.48 €1.98 €2.96 50
Economic Profit
Residual Income €2.80 €3.56 €8.83 76
ROIC Compounder €8.71 €11.65 €15.31 72
Growth Earnings
Growth-Adj P/E €10.26 €14.65 €19.05 68

Widest divergence: Growth Earnings (€14.65) versus Dividend Discount (€0.8200). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €2.0B
Revenue growth (YoY) -48.0%
Net margin -0.2%
Return on equity -3.8%
P/E ratio 31.9
Operating margin -0.3%
More key figures
EPS (TTM) €0.0680
EPS growth (YoY) -82.8%

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 41

Profitability 47
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Elinoil Hellenic Petroleum Company S.A. engages in the supply of liquid and solid fuels, and lubricants for industrial plants worldwide.

Full company description

Elinoil Hellenic Petroleum Company S.A. engages in the supply of liquid and solid fuels, and lubricants for industrial plants worldwide. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2017 – FY2022 · reported fiscal years

Elinoil Hellenic Petroleum Company reported revenue of €3.8B in FY2022 versus €1.4B in FY2017, a compound +22.5%/yr. Reported net income was €12.0M in FY2022, compounding +23.3%/yr from FY2017.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2022)
€3.8B
Latest YoY
+150.0%
Avg. growth/yr (5Y) 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.
+22.5%
Avg. growth/yr (8Y) 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.
+18.6%
Revenue +22.5%/yr
FY17 €1.4B
FY18 €2.2B
FY20 €1.5B
FY21 €1.5B
FY22 €3.8B
Net income +23.3%/yr
FY17 €4.2M
FY18 €2.8M
FY20 €1.6M
FY21 €4.0M
FY22 €12.0M

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Cite: Fair Value Calculator (2026). "Elinoil Hellenic Petroleum Company Fair Value". https://www.fairvalue-calculator.com/stock/ELIN

Peer Group

Oil & Gas Refining & Marketing · 113 stocks

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.

Quality Score 47 · Below median
Fair Value upside +54% · Top 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) -0% · Bottom 25%
Revenue growth -48% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.21× · Lower than median

Valuation Multiples vs Oil & Gas Refining & Marketing median · lower = cheaper

P/E (TTM) 31.9× · Pricier than 75% of peers
P/B 0.85× · Cheaper than median
P/S (TTM) 0.03× · Cheaper than 75% of peers
EV/EBITDA 12.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 16
FUTURE 0 · sector 15
PAST 0 · sector 33
HEALTH 89 · sector 80
DIVIDEND 0 · sector 50

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Reliance Industries Limited RELIANCE ₹1,293 ₹835.66 -35%
Valero Energy Corporation VLO $309.65 $127.32 -59%
Marathon Petroleum Corporation MPC $283.74 $135.80 -52%
Phillips 66 PSX $196.16 $101.04 -48%
Neste Oyj NESTE €31.10 €4.07 -87%
Formosa Petrochemical Corporation 6505 81.30 TWD 16.68 TWD -79%
Indian Oil Corporation IOC ₹138.96 ₹417.35 +200%
HF Sinclair Corporation DINO $88.59 $48.90 -45%
Bharat Petroleum Corporation BPCL ₹315.55 ₹846.81 +168%
SK Innovation Co 096770 121,400 KRW 58,865 KRW -52%

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Frequently asked questions

Is Elinoil Hellenic Petroleum Company (ELIN) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of €3.19 versus a price of €2.07, about +54% (undervalued).
What is the fair value of ELIN?
Our model-based fair value for Elinoil Hellenic Petroleum Company is €3.19 (as of Jul 24, 2026), built from audited fundamentals. The current price is €2.07.
What is the quality score of ELIN?
Elinoil Hellenic Petroleum Company has a Quality Score of 47/100. 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 revenue of Elinoil Hellenic Petroleum Company (ELIN)?
Elinoil Hellenic Petroleum Company reported trailing-twelve-month revenue of about €2.0B (latest available figure, as of Jul 24, 2026).
What is the net profit margin of ELIN?
The net profit margin of Elinoil Hellenic Petroleum Company is about -0.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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