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French provider of textile, hygiene and workwear rental and laundering services to hospitality, healthcare and industry.
French provider of textile, hygiene and workwear rental and laundering services to hospitality, healthcare and industry.
Rents linen, workwear and mats rather than selling them, collecting, washing and delivering on regular routes under multi-year contracts, so income recurs each week and local route density sets profit. The 2017 purchase of Berendsen of the UK made it one of Europe's largest textile-rental groups. It has also expanded into Latin America.
Moat: narrow (scale, installed base, switching costs). Dense network of local laundry plants gives route density; contracts create moderate switching costs.
Headquarters: Saint-Cloud, France · Founded: 1883 · Employees: 58,782
Size Elis (ELIS.PA) is a France Industrials company (Miscellaneous Commercial Services) with a market value of $6.44B, the 58th largest of 206 France companies the cockpit tracks. Shares closed at €24.12 on 6 Nov 2026.
Performance Over six months the shares fell 12.3%, against +12.9% for the median peer and -0.4% for the France market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median +5.7%); the operating margin is 13.2% (peer median 12.0%).
Valuation It trades at 12.0× forward earnings against a peer median of 14.6× (6th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.9 points below its cost of capital (9.0% WACC).
Credit Elis has 5 bonds outstanding ($2.45B), rated BBB- by the agencies and trading like A at a weighted spread of 79 bp.
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €4.91B | €4.80B | €4.57B | €4.31B | €3.82B |
| Revenue growth | — | +5% | +6% | +13% | — |
| Gross profit | €2.30B | €2.24B | €2.09B | €1.96B | €1.67B |
| EBITDA | €1.69B | €1.64B | €1.57B | €1.43B | €1.13B |
| Net income | €378M | €367M | €338M | €262M | €203M |
| Free cash flow | €485M | €547M | €512M | €458M | €345M |
| Capital expenditure | €945M | €890M | €887M | €824M | €700M |
| Total debt | n/a | €4.16B | €4.30B | €4.23B | €3.95B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Elis ELIS.PA | $6.44B | -12% | +5% | 13% | 12.0× | 10.1% |
| Cintas CTAS | $88.3B | +34% | +10% | 24% | 38.9× | 18.2% |
| UniFirst UNF | $4.10B | -7% | +4% | 5% | 27.9× | 18.9% |
| Vestis VSTS | $1.88B | +54% | 0% | 4% | 20.0× | 15.8% |
| Johnson Service JSG.L | $704M | +10% | +2% | 11% | 11.0× | 8.3% |
| Rentokil Initial RTO.L | $11.9B | -26% | 0% | 14% | 16.9× | 8.2% |
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.
| Measure | ELIS.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.3% | +7.7% | 8th highest of 20 |
| 6-month return | -12.3% | +12.9% | 2nd lowest of 20 |
| Distance from 52-week high | -14.9% | -10.5% | 9th lowest of 21 |
| Revenue growth (TTM) | +5.2% | +5.7% | 10th lowest of 21 |
| Operating margin | 13.2% | 12.0% | 8th highest of 21 |
| Forward P/E | 12.0× | 14.6× | 6th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 10.1% | 1.5% | 8th most demanding of 20 |
| Growth delivered (Del g) | +11.3% | +12.2% | 10th lowest of 20 |
| Hurdle (Req g minus delivered) | -1.3 pp | -12.4 pp | 7th most demanding of 20 |
| ROIC minus cost of capital | -2.9 pp | +5.4 pp | lowest of 16 |
| EV / EBITDA | 6.0× | 10.3× | 4th cheapest of 19 |
| Net debt / EBITDA | 2.6× | 2.1× | 5th most indebted of 19 |
| Bond spread | 79 bp | 111 bp | tightest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Elis ELIS.PA | France | $6.44B | -12% | +5% | 13% | 12.0× | 10.1% | +11.3% |
| Edenred EDEN.PA | France | $6.52B | +15% | +3% | 30% | 12.0× | -8.0% | +13.9% |
| Nexi NEXI.MI | Italy | $5.93B | +18% | +1% | 13% | 7.0× | 1.5% | +30.5% |
| Beijing Compass Technology Development 300803.SZ | China | $5.91B | -23% | +12% | 0% | 174.6× | 46.9% | +25.3% |
| Airtel Mobile Commerce AMC.L | United Kingdom | $7.05B | n/a | +30% | 48% | n/a | 11.5% | +30.3% |
| Genpact G | United States | $7.07B | +30% | +7% | 16% | 9.9× | -7.5% | +6.5% |
| Iss A/s ISS.CO | Denmark | $7.08B | +13% | +4% | 5% | 15.3× | -6.1% | +3.7% |
| ALS ALQ.AX | Australia | $7.40B | -3% | +11% | 17% | 23.6× | 23.0% | +13.5% |
| Reply REY.MI | Italy | $5.46B | +41% | +6% | 13% | 17.0× | 2.9% | +14.4% |
| FTI Consulting FCN | United States | $5.33B | +19% | +8% | 10% | 18.7× | -3.6% | +9.0% |
| Aalberts AALB.AS | Netherlands | $4.87B | +6% | 0% | 10% | 14.6× | 12.9% | +3.4% |
| Spie SPIE.PA | France | $8.64B | -8% | +3% | 6% | 14.5× | 8.6% | +9.3% |
| CAE CAE.TO | Canada | $8.67B | +3% | +5% | 13% | 29.5× | 13.2% | +10.5% |
| L&T Technology Services LTTS.NS | India | $4.79B | +13% | +2% | 15% | 29.4× | 31.0% | +15.1% |
| Dizal Pharmaceutical 688192.SS | China | $4.68B | +18% | +720% | 69% | 9.5× | -8.4% | +95.9% |
| Teleperformance TEP.PA | France | $4.60B | +3% | -3% | 10% | 5.0× | -10.2% | +12.2% |
| Brink's BCO | United States | $4.54B | +3% | +7% | 10% | 11.8× | 0.1% | +7.3% |
| Securitas SECU-B.ST | Sweden | $9.22B | +4% | -5% | 7% | 12.3× | -4.9% | +7.5% |
| East Buy 1797.HK | Hong Kong | $4.11B | +22% | +34% | 11% | 38.5× | 18.4% | +54.3% |
| Booz Allen Hamilton BAH | United States | $10.1B | +11% | -6% | 9% | 13.3× | -7.0% | +7.4% |
| SAI Life Sciences SAILIFE.NS | India | $4.02B | +64% | +27% | 21% | 89.2× | n/a | n/a |
Elis has 5 bonds outstanding with $2.45B face value. The agencies rate it BBB-; its bonds trade like A. Weighted yield 3.92%, a spread of 79 bp over government bonds.