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General information

Sector: Industrials

The company is not available at Interactive Brokers

Ellies Holdings Limited (JSE:ELI) is an investment holdings company for businesses involved in the manufacture, trading and distribution of a diverse range of products and services, inclusive of Digital Terrestrial Television (DTT) and satellite products and related accessories, electrical, signal distribution, residential and commercial LED lighting solutions, solar PV, sound and AV equipment distribution and installation.

Ellies Electronics, the heartbeat of the organisation, operates out of 13 branches and trade counters in South Africa, with presence in all nine provinces and wholly-owned branches in Namibia, Botswana and Swaziland. Ellies Industries manufactures, sells and distributes various products including satellite dishes, terrestrial aerials, TV brackets, mounts and shelving solutions, whilst offering bespoke industry solutions and custom-made products.

Ellies listed on the Alternative Exchange of the JSE (AltX) in 2007 and moved to the Main Board in 2010.



  • Bad financial results growth rate -15.6% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.3%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -83.6% (LTM)
  • Share price is 0.0% higher than minimum and 97.9% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (-3.9x vs
    )

Key Financials

Share price, ZAR:  (0.0%)0.010000
Share price, USD: 0.000533
Common stocks: 805 000 000

Dividend Yield:  0.0%
FCF Yield LTM: -83.6%
EV / LTM EBITDA: -3.9x
Last revenue growth (y/y):  -31.1%
Last growth of EBITDA (y/y):  0.0%
Historical revenue growth:  -14.1%
Historical growth of EBITDA:  +71.4%
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 0
Net Debt ($m): 10
EV (Enterprise Value): 10
EBITDA LTM ($m): -3
EV / LTM EBITDA: -3.9x
Price to Book: 0.17x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

Ellies may be saved after all

Ellies Electronics has received buyout offers from unnamed third parties that its CEO believes could save the company.

2024-04-11 12:29 +02:00
by Duncan McLeod

JSE:JSE JSE:ELI

End of the road for Ellies

One of the JSE’s longest-surviving technology companies is no more: Ellies Holdings will be wound up and shut down.

2024-04-10 17:43 +02:00
by Duncan McLeod

JSE:JSE JSE:ELI

Ellies Holdings placed into business rescue

One of the JSE’s longest-surviving technology companies has been placed into voluntary business rescue.

2024-01-31 12:05 +02:00
by Duncan McLeod

JSE:JSE JSE:ELI

Eskom names transmission company board

The board of Eskom has appointed a board to the newly created National Transmission Company of South Africa.

2024-01-09 14:21 +02:00
by Staff Reporter

JSE:MTN JSE:SOL JSE:AVI JSE:TKG JSE:ELI

Vox parent Vivica enters solar market with Stage Zero

Vivica Group has finally taken the wraps off its long-in-development home solar provider, called Stage Zero.

2023-10-25 11:46 +02:00
by Staff Reporter

JSE:AVI JSE:ARH JSE:ELI

How to dispose of old inverter batteries in South Africa

Battered batteries? How exactly does one dispose of old batteries safely in South Africa? TechCentral investigates…

2023-10-02 14:22 +02:00
by Nkosinathi Ndlovu

JSE:SPP JSE:AVI JSE:SPG JSE:ISA JSE:ELI

Ellies gets go-ahead for Bundu Power deal

Ellies Holdings has been given the green light to buy Bundu Power, a deal it said is critical to its turnaround plans.

2023-08-29 11:15 +02:00
by Staff Reporter

JSE:JSE JSE:ELI

Red ink to stain Ellies’ full-year results

Perennial underperformer Ellies has warned it will splash more red ink over its income statement.

2023-07-25 14:27 +02:00
by Duncan McLeod

JSE:JSE JSE:MPT JSE:ISA JSE:ELI

Troubled Ellies looks to raise R120-million in rights offer

Ellies Holdings has announced plans for a rights offer, seeking to raise R120-million from investors.

2023-06-13 13:48 +02:00
by Duncan McLeod

JSE:ELI

Ellies in acquisition talks

Ellies Holdings cautioned investors on Wednesday that it is in negotiations about potential acquisitions in the solar and renewable energy sectors.

2022-09-28 12:37 +02:00
by Duncan McLeod

JSE:MPT JSE:ISA JSE:ELI

Ellies looks to cut jobs amid tough trading conditions

Ellies Holdings said on Monday that it will embark on a “formal consultation process” with employees under the Labour Relations Act.

2022-09-26 11:38 +02:00
by Staff Reporter

JSE:JSE JSE:MPT JSE:ELI

South Africa’s ‘silent revolution’ as those with cash go solar

Many South Africans are not waiting for government to fix the energy crisis, driving a boom in small-scale solar installations.

2022-08-15 12:15 +02:00
by Agency Staff

JSE:ABG JSE:NED JSE:AVI JSE:ISA JSE:ELI

Streaming killed the satellite star: now Ellies to pivot to solar, smart homes

Ellies has unpacked in detail how shifting customer behaviour hurt its 2022 financial results and why it’s gearing up to pivot the business in a new direction.

2022-07-29 14:32 +02:00
by Duncan McLeod

JSE:MCG JSE:AVI JSE:MPT JSE:ETO JSE:ELI

South Africans are turning their backs on satellite TV, Ellies says

South Africans are increasingly choosing streaming over satellite TV, Ellies Holdings said on Friday, blaming this in large part for the group swinging to a full-year loss.

2022-07-22 16:20 +02:00
by Duncan McLeod

JSE:MCG JSE:MPT JSE:ISA JSE:ELI

Remembering Ellie Salkow, a pioneer in SA broadcasting

Elliot (“Ellie”) Salkow, the founder of Ellies Electronics, is one of the most prominent industry leaders we lost this year.

2021-12-30 13:29 +02:00
by Lefa Afrika

JSE:ELI

Ellies plunges 44% on weak trading update

Shares in JSE-listed electronics group Ellies Holdings plunged as much as 44% on Friday after it issued a weaker-than-expected trading update.

2021-12-10 15:56 +02:00
by Duncan McLeod

JSE:JSE JSE:MPT JSE:ISA JSE:ELI

Ellies to shut down manufacturing arm, blames TV migration delays

JSE-listed Ellies Electronics has decided to apply to the high court for the liquidation of its manufacturing subsidiary, Ellies Industries, which employs 148 people.

2021-02-12 06:51 +02:00
by Staff Reporter

JSE:JSE JSE:MPT JSE:ELI

Ellies swings into profit

Ellies Holdings reported a sharp turnaround in its fortunes in the six months to 31 October 2020, turning in headline earnings per share of 2.56c against a loss a year ago of 2.91c.

2020-12-04 08:52 +02:00
by Duncan McLeod

JSE:MCG JSE:ELI

Worries over Ellies as lockdown hits

The future of JSE-listed electronics and technology group Ellies is in some doubt after it warned this week that Covid-19 has cast “material uncertainty” over its ability to continue as a going concern.

2020-10-03 08:50 +02:00
by Duncan McLeod

JSE:JSE JSE:ELI

South African jobs bloodbath continues as Ellies plans layoffs

South African companies have announced plans to cut more than 10 000 jobs less than three months into 2020 with electronics company Ellies the latest to start the process of reducing its headcount

2020-03-03 09:11 +02:00
by Agency Staff

JSE:TKG JSE:MSM JSE:EMN JSE:EMH JSE:ELI

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Releases

2022-07-29
Audited condensed consolidated results for the year ended 30 April 2022
2022-07-22
Trading statement
2022-07-01
Changes to the board of directors
2022-05-05
Dealings in securities by directors and prescribed officers of the company
2021-12-14
Unaudited condensed consolidated interim results for the six months ended 31 October 2021
2021-12-10
Trading statement
2021-11-05
Change to the board of directors
2021-11-04
Availability of Broad-Based Black Economic Empowerment compliance report
2021-10-20
Change to the board of directors
2021-09-29
Results of annual general meeting
2021-09-22
Implementation Of The Broad-Based Black Economic Empowerment (“B-BBEE”) Transaction And Notification
2021-09-08
Results of General Meeting
2021-08-30
No change statement, availability of integrated annual report and notice of annual general meeting
2021-08-10
Distribution Of Circular And Notice Of General Meeting
2021-07-30
Audited condensed consolidated financial results for the year ended 30 April 2021
2021-07-29
Trading statement

SENS Announcements

2024-04-22
Voluntary suspension of trading of Ellies shares
2024-04-18
Resignation of JSE sponsor
2024-04-10
Update on business rescue proceedings
2024-04-08
Changes to the board of directors
2024-03-13
Renewal of cautionary announcement
2024-03-12
TRP121: Notification of disposal of beneficial interest in shares
2024-03-06
Changes to the board of directors
2024-02-29
Unaudited condensed consolidated interim results for the six months ended 31 October 2023
2024-02-26
Trading statement
2024-02-06
Notice of commencement of business rescue and appointment of business rescue practitioner
2024-01-31
Update on acquisition, delay in publication of results, voluntary business rescue and cautionary announcement
2023-12-20
Changes to the board
2023-12-04
Update with regard to the proposed category 1 acquisition of Bundu Power and withdrawal of cautionary announcement
2023-11-27
Renewal of cautionary
2023-10-16
Renewal of cautionary
2023-10-03
Extension to date of posting of circular
2023-10-03
Results of annual general meeting
2023-09-01
Extension to fulfilment of CPs and posting of circular, amendment to agreement and renewal of cautionary
2023-08-31
No change statement, availability of integrated annual report and notice of annual general meeting
2023-08-30
Change in auditor
2023-08-01
Further extension to posting of circular
2023-08-01
Change to the board of directors
2023-08-01
Audited condensed consolidated financial statements for the year ended 30 April 2023
2023-07-25
Renewal of cautionary
2023-07-25
Trading statement
2023-06-13
Proposed rights offer and further cautionary announcement
2023-05-31
Further extension to posting of circular
2023-05-02
Extension to fulfilment of conditions precedent and renewal of cautionary announcement
2023-03-31
Extension to posting of circular
2023-03-15
Renewal of cautionary announcement
2023-02-01
Category one acquisition and renewal of cautionary announcement
2022-12-22
Renewal of cautionary announcement
2022-12-14
Unaudited condensed consolidated interim results for the six months ended 31 October 2022
2022-12-12
Trading statement
2022-11-09
Renewal of cautionary announcement
2022-09-30
Results of annual general meeting
2022-09-28
Cautionary Announcement
2022-09-26
Commencement of section 189 consultation process with stakeholders
2022-08-31
No change statement, availability of integrated annual report and notice of annual general meeting
2022-07-29
Audited condensed consolidated results for the year ended 30 April 2022
2022-07-22
Trading statement
2022-07-01
Changes to the board of directors