# Ecclesiastical Insurance Office plc (ELLA.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Insurance. Price 136p, market value 477 millionp.

## Valuation
- **P/E (trailing): 0.1×** (5-yr avg 164.2×, 3-yr avg 180.9×). Ecclesiastical Insurance Office plc trades at 0.1× trailing earnings, well below its own five-year average of 164.2×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.7×**. Enterprise value is 4.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 46.6%** (5-yr avg 2.2%). Free cash flow equals 46.6% of the market value, above its five-year average of 2.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 1051.5%**. The inverse of the P/E: 1051.5% of the price is earned each year.

## Profitability
- **Gross margin: 71.8%**. Ecclesiastical Insurance Office plc keeps 71.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 2.7%**. 2.7% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 6.1%**. 6.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.2%**. 8.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 9.2%**. Return on all capital, debt included, is 9.2%.
- **Return on assets: 2.0%**. Each dollar of assets produces 2.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 11.0%** (3-yr 22.9%/yr, 5-yr 22.5%/yr). Revenue grew 11.0% over the last year, against 22.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 169.4%** (3-yr 4.7%/yr, 5-yr 7.0%/yr). Earnings per share rose 169.4%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 6.1%/yr**. Free cash flow has compounded at 6.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 137 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 6.23%** (0p per share, trailing). Ecclesiastical Insurance Office plc yields 6.23%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 0%** (17% of free cash flow). 0% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 11**. 11 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 6.2%**. Dividends plus net buybacks return 6.2% of the market value a year.

## Price and momentum
- **Total return (1 yr): -4.4%** (YTD -4.5%, 3-mo -0.7%). The shares are down 4.4% over twelve months including dividends.
- **From 52-week high: -12.3%** (0.7% above the low). Trading 12% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 21**. An RSI of 21 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): -0.03** (volatility 13%). Beta of -0.03 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ELLA.L · Page: https://foliofundamentals.com/stocks/ella.l

Not investment advice.