Added to YB: 2026-04-09
Pitch date: 2026-04-07
ELF.TO [bullish]
Ellinas Finance Public Company Limited
Author Info
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Company Info
Ellinas Finance Public Company Limited provides short- and medium- term lending services to individuals and companies in Cyprus.
Market Cap
EUR 5.4M
Pitch Price
N/A
Price Target
N/A
Dividend
8.18%
EV/EBITDA
N/A
P/E
7.66
EV/Sales
N/A
Sector
Financial Services
Category
value
E-L Financial Corporation Limited - $ELF.TO
ELF.TO (new position): 35% discount to NEV ($16 vs $25+). Empire Life (99.5% owned) at book but peers trade 1.5-2x (Sun Life 2x, Manulife 1.5x); 153% LICAT ratio, 11-13% ROE. Investment portfolio +11.1% CAGR. Jackman shifted shareholder-friendly: shares down 14% via buybacks since 2020, dividend 3x'd, $5.20 paid out (vs $16 price), 20:1 split doubled liquidity. NEV +12.4% since 1969. Catalyst: discount narrowing on capital returns + potential Empire sale at premium to book.
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