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← CockpitCompetitor Analysis › ELEC.PA Electricite de Strasbourg SAOpen in the cockpit ↗

Electricite de Strasbourg SAELEC.PACompetitor analysis, valuation and peers

France · EUR·Utilities›Electric Utilities

Distributes and supplies electricity to homes and businesses in the Strasbourg/Alsace region of France.

Momentum weak 23
Mkt cap
$1.29B
US dollars, full cap
Free float
11%
of shares outstanding
$/day
$239,492
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+17.0 pp
WACC 7.2%
Hurdle
-22 pp
Req g minus delivered
Close · EUR€160.00
1D-0.6%
1W+2.3%
1M+3.8%
3M-6.7%
6M-33.8%
YTD-13.5%
1Y-5.9%
ATR %2.3%
52w lowhigh36.5% off high

What Electricite de Strasbourg does

Distributes and supplies electricity to homes and businesses in the Strasbourg/Alsace region of France.

Earns regulated network charges for carrying electricity over the lines it operates locally, which are set by the energy regulator to recover costs plus an allowed return, plus supply and services to customers. It is a local distributor operating separately from Enedis, which serves most of France, and EDF is its majority shareholder.

Products and services

  • Electricity distribution (regulated network)
  • Electricity retail supply
  • Renewable energy generation (minor)

Customers

  • Households and businesses in Alsace, France

Where it sits in the supply chain

  • Utilities
  • Regional electric utility
  • Electricity distribution + retail…

What could go right

  • Stable regulated distribution returns
  • Electrification of heating/transport increasing demand

What could go wrong

  • Regulatory tariff-setting risk
  • Capex intensity for grid modernization

Moat: wide (regulatory licence, installed base). Regulated regional electricity distribution monopoly with an entrenched local grid network.

Headquarters: Strasbourg, France · Founded: 1899 · Employees: 330

Named competitors

  • EDF private or unlisted
  • Engie ENGI.PA

Electricite de Strasbourg at a glance

Size Electricite de Strasbourg (ELEC.PA) is a France Utilities company (Electric Utilities) with a market value of $1.29B, the 124th largest of 206 France companies the cockpit tracks. Shares closed at €160.00 on 6 Nov 2026.

Performance Over six months the shares fell 33.8%, against -12.1% for the median peer and -0.4% for the France market (cap-weighted) — 2nd lowest of 20 in its peer set.

Growth Revenue fell 9.5% over the last twelve months (peer median +3.2%); the operating margin is 8.3% (peer median 12.0%).

Valuation It trades at 0.7× enterprise value to sales against a peer median of 2.7× (cheapest of 21).

Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -22 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 17.0 points above its cost of capital (7.2% WACC).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 88ELEC.PA 68
Six months, rebased to 100: Electricite de Strasbourg against the median of its 20 peers (local-currency closes).

Electricite de Strasbourg financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€1.21B€1.25B€1.42B€1.67B€1.29B
Revenue growth—-12%-15%+30%—
Gross profit€161M€202M€177M€48.9M€24.9M
EBITDA€163M€209M€163M€43.5M€42.1M
Net income€130M€158M€150M€93.4M€55.0M
Free cash flow€106M€182M€132M-€35.4M€80.9M
Capital expenditure€106M€92.3M€87.1M€80.1M€74.5M
Total debtn/a€7.17M€7.93M€8.56M€8.47M

Quarterly statements and history in the cockpit →

Electricite de Strasbourg competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-10%0%+10%00089995059509002039000722000767NEAG18113498SGMARTHEAFK603693UTLNAVA1330PEPELEC.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Electricite de Strasbourg is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%+60%2.5×5×7.5×00089995059509002039000722600509000767NEAG18113498SGMARTHEVEDPOWER600864603693UTLNAVA1330PEPELEC.PARevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Electricite de Strasbourg is the large dot.

Capital: growth delivered against growth the price implies

0%+100%+200%+300%0%100%200%300%0008999505002039000767SGMARTELEC.PAGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Electricite de Strasbourg is the large dot.

Electricite de Strasbourg competitors and peer comparison

Head to head with its named competitors (ELEC.PA vs ENGI.PA)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Electricite de Strasbourg ELEC.PA$1.29B-34%-10%8%0.7×-10.7%
Engie ENGI.PA$69.0B-11%-5%13%1.9×5.8%

How Electricite de Strasbourg compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Electricite de Strasbourg against its 20 peers (data as of 6 Nov 2026)
MeasureELEC.PAPeer medianRank in peer set
1-month return+3.8%-4.5%7th highest of 21
6-month return-33.8%-12.1%2nd lowest of 20
Distance from 52-week high-36.5%-27.8%8th lowest of 21
Revenue growth (TTM)-9.5%+3.2%4th lowest of 21
Operating margin8.3%12.0%9th lowest of 21
EV / Sales0.7×2.7×cheapest of 21
Growth the price implies (Req g, 7 yrs)-10.7%0.8%3rd least demanding of 16
Growth delivered (Del g)+11.1%+6.1%5th highest of 16
Hurdle (Req g minus delivered)-21.8 pp-5.4 pp3rd least demanding of 16
ROIC minus cost of capital+17.0 pp+0.1 pphighest of 21
EV / EBITDA4.9×9.6×2nd cheapest of 10
Net debt / EBITDA-2.1×3.1×2nd least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Electricite de Strasbourg ELEC.PAFrance$1.29B-34%-10%8%0.7×-10.7%+11.1%
Jiangxi Ganneng 000899.SZChina$1.26B-31%+24%13%2.5×-4.4%+22.6%
Hokuriku Electric Power 9505.TJapan$1.34B+16%-5%7%1.5×8.4%+3.7%
Hokkaido Electric Power Company,Incorporated 9509.TJapan$1.38B+5%-1%4%2.0×n/an/a
Guizhou Qianyuan Power 002039.SZChina$1.19B-8%+14%45%5.7×-10.1%+4.4%
Hunan Energy Group Development 000722.SZChina$1.19B-13%+126%48%9.9×0.8%+2.4%
Xinjiang Tianfu Energy 600509.SSChina$1.40B-16%+9%7%2.5×-4.3%+11.5%
Jinneng Holding Shanxi Electric Power 000767.SZChina$1.40B-20%-6%6%3.2×2.5%+5.6%
naturenergie NEAG.SWSwitzerland$1.17B-12%-16%13%0.7×-15.5%+5.6%
CGN New Energy 1811.HKHong Kong$1.16B-23%-12%26%4.9×4.2%+8.2%
Kasumigaseki Capital 3498.TJapan$1.16B+15%+70%17%1.5×n/an/a
SG Mart SGMART.NSIndia$1.15B+55%+9%3%1.6×30.1%+298.2%
Hawaiian Electric Industries HEUnited States$1.45B-43%+2%11%1.2×n/an/a
Vedanta Power VEDPOWER.NSIndia$1.46Bn/a+5%-13%3.9×n/an/a
Arendals Fossekompani AFK.OLNorway$1.11B-2%-7%11%3.0×14.4%+3.6%
Harbin Hatou Investment 600864.SSChina$1.56B-18%0%-17%1.0×-17.2%-3.8%
Jiangsu New Energy Development 603693.SSChina$1.56B-21%-3%35%9.1×0.7%+6.1%
Unitil UTLUnited States$1.05B+11%+21%19%3.3×n/an/a
Nava NAVA.NSIndia$1.59B-26%+9%29%3.5×19.8%+11.0%
Dynagreen Environmental Protection 1330.HKHong Kong$1.59B+8%+17%31%5.6×-2.7%+8.4%
Polenergia PEP.WAPoland$1.02B+3%-19%6%1.7×15.8%+18.5%

Questions

Who are Electricite de Strasbourg's main competitors?
Named competitors: EDF (private or unlisted), Engie (ENGI.PA). The cockpit's measured peer set (industry) also includes Jiangxi Ganneng (000899.SZ), Hokuriku Electric Power (9505.T), Hokkaido Electric Power Company,Incorporated (9509.T), Guizhou Qianyuan Power (002039.SZ), Hunan Energy Group Development (000722.SZ), Xinjiang Tianfu Energy (600509.SS).
Is Electricite de Strasbourg expensive compared with its peers?
On ev / sales it trades at 0.7× against a peer median of 2.7×, cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -22 pp: the price already allows for a slowdown.
How has Electricite de Strasbourg stock performed?
Over six months to 6 Nov 2026 the shares returned -33.8% against -12.1% for the median peer; over one year -5.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.