Also trades as: ECEL.L (LSE) · $vol 0M

$1.80

+0.00 (+0.00%)

OTC · Industrials · Manufacturing - Miscellaneous · Tech Score Buy · Power 68 · $177.4M mcap · 89M float · 0.0001% daily turnover · Short 100% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

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Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. ECELF receives an overall rating of B+. Strongest factors: DCF (5/5), ROA (4/5), P/B (4/5). Areas of concern: ROE (2/5), D/E (1/5).

Rating Change History

Date	From	To
2026-10-03	None	ADDED
2026-09-30	EXISTED	None
2026-09-23	None	ADDED
2026-09-23	EXISTED	None
2026-09-19	None	ADDED
2026-09-19	EXISTED	None
2026-09-15	None	ADDED
2026-09-06	EXISTED	None
2026-09-01	None	ADDED
2026-08-31	EXISTED	None

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

—

Momentum

Safety

—

Cash Flow

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

—

Piotroski F-Score

4/9

✓ ✓ ✗ ✓ ✗ ✗ ✓ ✗ ✗

Beneish M-Score

-2.79

Unlikely Manipulator

Ohlson O-Score

-6.16

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

A-

Score: 67.5/100

Trend: Deteriorating

Earnings Quality

75/100

OCF/NI: 6.58x

Accruals: -28.3%

The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. ECELF scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. ECELF's score of -2.79 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. ECELF's implied 0.2% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. ECELF receives an estimated rating of A- (score: 67.5/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). ECELF's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

25.45x

PEG

-1.02x

P/S

0.34x

P/B

1.43x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

$1.72

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 25.4x earnings, ECELF commands a growth premium. Graham's intrinsic value formula yields $1.72 per share, 4% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.776

NI / EBT

Interest Burden

0.438

EBT / EBIT

EBIT Margin

0.049

EBIT / Rev

Asset Turnover

3.043

Rev / Assets

Equity Multiplier

2.546

Assets / Equity

ROE

12.9%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. ECELF's ROE of 12.9% is driven by Asset Turnover (3.043), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$1.14

Price/Value

—

Margin of Safety

—

Premium

—

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with ECELF's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. ECELF trades at a premium to its adjusted intrinsic value of $1.14, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 25.4x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1172 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$1.80

Median 1Y

$1.50

5th Pctile

$0.82

95th Pctile

$2.73

Ann. Volatility

38.5%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
ROE	11.1%	17.1%	20.7%	25.6%	20.6%	18.2%	18.9%	18.3%	12.9%	12.90%
ROA	4.8%	7.7%	9.2%	13.1%	9.2%	8.4%	7.5%	7.9%	5.1%	5.07%
ROIC	7.4%	13.1%	15.9%	21.6%	16.9%	14.6%	11.8%	14.0%	16.0%	15.95%
ROCE	8.8%	15.0%	18.8%	26.0%	22.0%	19.1%	15.1%	16.9%	19.3%	19.34%
Gross Margin	50.2%	45.7%	45.6%	48.9%	52.1%	52.7%	51.0%	50.5%	49.7%	49.66%
Operating Margin	8.7%	7.1%	2.6%	5.4%	5.1%	4.2%	3.2%	6.7%	5.5%	5.51%
Net Margin	6.6%	3.8%	1.6%	3.7%	3.3%	2.6%	1.5%	3.2%	-0.5%	-0.54%
EBITDA Margin	15.0%	12.8%	9.3%	12.4%	12.2%	6.8%	6.0%	13.5%	12.5%	12.48%
FCF Margin	5.4%	5.6%	6.6%	8.5%	9.6%	10.5%	9.8%	9.1%	8.0%	8.04%
OCF Margin	9.2%	8.9%	9.5%	11.4%	12.2%	13.2%	12.8%	12.0%	11.0%	10.96%
ROE 3Y Avg	snapshot only									15.26%
ROA 3Y Avg	snapshot only									6.39%
ROIC 3Y Avg	snapshot only									10.26%
ROIC Economic	snapshot only									15.95%
Cash ROA	snapshot only									29.70%
Cash ROIC	snapshot only									45.53%
CROIC	snapshot only									33.40%
NOPAT Margin	snapshot only									3.84%
Pretax Margin	snapshot only									2.15%
R&D / Revenue	snapshot only									0.01%
SGA / Revenue	snapshot only									46.01%
SBC / Revenue	snapshot only									0.23%

Valuation

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
P/E Ratio	—	—	—	—	—	—	—	—	—	25.446
P/S Ratio	—	—	—	—	—	—	—	—	—	0.338
P/B Ratio	—	—	—	—	—	—	—	—	—	1.431
P/FCF	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—
Graham Number	snapshot only									$1.72

Leverage & Solvency

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Current Ratio	1.76	1.90	1.77	1.70	1.58	1.55	1.56	1.53	1.42	1.424
Quick Ratio	0.87	0.91	0.92	0.85	0.82	0.77	0.90	0.80	0.84	0.842
Debt/Equity	0.72	0.73	0.71	0.51	0.70	0.60	1.13	0.99	1.03	1.028
Net Debt/Equity	0.64	0.69	0.69	0.51	0.68	0.59	1.07	0.93	0.95	0.951
Debt/Assets	0.31	0.33	0.32	0.26	0.33	0.28	0.40	0.36	0.34	0.344
Debt/EBITDA	2.84	1.58	1.11	0.63	0.87	0.86	1.73	1.41	1.29	1.289
Net Debt/EBITDA	2.52	1.49	1.08	0.63	0.85	0.85	1.63	1.32	1.19	1.192
Interest Coverage	11.86	10.03	7.60	7.21	6.05	5.18	4.79	4.59	3.99	3.989
Equity Multiplier	2.33	2.22	2.24	1.96	2.14	2.12	2.83	2.75	2.99	2.991
Cash Ratio	snapshot only									0.082
Debt Service Coverage	snapshot only									8.021
Cash to Debt	snapshot only									0.075
FCF to Debt	snapshot only									0.634
Defensive Interval	snapshot only									77.5 days

Efficiency & Turnover

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Asset Turnover	0.73	1.50	2.31	3.33	2.98	3.02	2.73	2.98	3.04	3.043
Inventory Turnover	1.44	3.31	5.59	8.37	6.67	6.77	6.73	7.36	7.67	7.668
Receivables Turnover	3.45	9.32	10.38	21.25	13.86	19.14	12.49	17.50	13.44	13.445
Payables Turnover	1.61	5.86	6.08	13.48	7.01	11.21	6.56	8.89	6.52	6.524
DSO	106	39	35	17	26	19	29	21	27	27.1 days
DIO	254	110	65	44	55	54	54	50	48	47.6 days
DPO	227	62	60	27	52	33	56	41	56	55.9 days
Cash Conversion Cycle	133	87	40	34	29	40	28	29	19	18.8 days
Fixed Asset Turnover	snapshot only									6.560
Operating Cycle	snapshot only									74.7 days
Cash Velocity	snapshot only									104.961
Capital Intensity	snapshot only									0.369

Growth (YoY)

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Revenue	—	—	—	—	2.8%	89.5%	29.3%	2.1%	8.4%	8.35%
Net Income	—	—	—	—	80.8%	2.0%	-11.1%	-31.4%	-41.6%	-41.62%
EPS	—	—	—	—	85.7%	8.8%	-1.5%	-23.0%	-35.1%	-35.14%
FCF	—	—	—	—	5.9%	2.5%	92.5%	8.6%	-9.4%	-9.45%
EBITDA	—	—	—	—	2.0%	38.3%	-3.6%	-20.5%	-8.9%	-8.85%
Op. Income	—	—	—	—	1.2%	3.0%	-7.4%	-17.9%	5.8%	5.83%
OCF Growth	snapshot only									-2.92%
Asset Growth	snapshot only									27.93%
Equity Growth	snapshot only									-8.53%
Debt Growth	snapshot only									34.86%
Shares Change	snapshot only									-10.00%
Dividend Growth	snapshot only									-22.71%

Growth Quality

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Revenue Stability	—	—	—	—	—	—	—	—	0.83	0.825
Earnings Stability	—	—	—	—	—	—	—	—	0.00	0.004
Margin Stability	—	—	—	—	—	—	—	—	0.97	0.970
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	—	0.83	0.834
Earnings Smoothness	—	—	—	—	0.42	0.98	0.88	0.63	0.47	0.474
ROE Trend	—	—	—	—	—	—	—	—	-0.03	-0.026
Gross Margin Trend	—	—	—	—	—	—	—	—	0.02	0.018
FCF Margin Trend	—	—	—	—	—	—	—	—	0.01	0.006
Sustainable Growth Rate	4.7%	7.5%	3.1%	6.9%	4.2%	3.4%	7.4%	7.1%	0.7%	0.66%
Internal Growth Rate	2.1%	3.5%	1.4%	3.7%	1.9%	1.6%	3.0%	3.1%	0.3%	0.26%

Cash Flow Quality

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
OCF/Net Income	1.41	1.72	2.38	2.90	3.96	4.75	4.67	4.56	6.58	6.578
FCF/OCF	0.58	0.63	0.69	0.75	0.79	0.80	0.76	0.75	0.73	0.733
FCF/Net Income	snapshot only									4.825
OCF/EBITDA	snapshot only									1.114
CapEx/Revenue	3.9%	3.3%	2.9%	2.9%	2.6%	2.7%	3.0%	3.0%	2.9%	2.92%
CapEx/Depreciation	snapshot only									0.590
Accruals Ratio	-0.02	-0.06	-0.13	-0.25	-0.27	-0.31	-0.28	-0.28	-0.28	-0.283
Sloan Accruals	snapshot only									-0.143
Cash Flow Adequacy	snapshot only									2.434
Earnings Quality Score	snapshot only									0.750

Dividends & Buybacks

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	4.63%
Dividend/Share	$0.06	$0.10	$0.17	$0.19	$0.16	$0.15	$0.12	$0.12	$0.13	$0.07
Payout Ratio	57.6%	56.3%	85.0%	73.0%	79.6%	81.6%	60.7%	61.2%	94.9%	94.91%
FCF Payout Ratio	70.6%	51.6%	51.5%	33.6%	25.6%	21.6%	17.0%	17.8%	19.7%	19.67%
Total Payout Ratio	1.3%	1.0%	1.3%	1.1%	1.3%	1.6%	1.5%	1.6%	1.8%	1.81%
Div. Increase Streak	0	0	0	0	1	1	0	0	0	0
Chowder Number	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Tax Burden (NI/EBT)	0.82	0.75	0.76	0.77	0.75	0.79	0.78	0.77	0.78	0.776
Interest Burden (EBT/EBIT)	0.92	0.90	0.87	0.86	0.83	0.82	0.80	0.72	0.44	0.438
EBIT Margin	0.09	0.08	0.06	0.06	0.05	0.04	0.04	0.05	0.05	0.049
Asset Turnover	0.73	1.50	2.31	3.33	2.98	3.02	2.73	2.98	3.04	3.043
Equity Multiplier	2.33	2.22	2.24	1.96	2.24	2.17	2.52	2.33	2.55	2.546

Per Share

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
EPS (Diluted TTM)	$0.11	$0.17	$0.20	$0.26	$0.21	$0.19	$0.20	$0.20	$0.13	$0.13
Book Value/Share	$1.00	$1.02	$0.97	$1.02	$0.97	$1.00	$1.02	$1.05	$0.99	$1.00
Tangible Book/Share	$0.84	$0.77	$0.83	$0.88	$0.83	$0.86	$0.63	$0.64	$0.58	$0.58
Revenue/Share	$1.69	$3.38	$5.04	$6.65	$6.66	$6.83	$7.22	$7.63	$8.02	$4.21
FCF/Share	$0.09	$0.19	$0.33	$0.57	$0.64	$0.72	$0.71	$0.69	$0.64	$0.35
OCF/Share	$0.16	$0.30	$0.48	$0.76	$0.81	$0.90	$0.93	$0.92	$0.88	$0.47
Cash/Share	$0.08	$0.05	$0.02	$0.00	$0.01	$0.00	$0.06	$0.06	$0.08	$0.08
EBITDA/Share	$0.25	$0.47	$0.63	$0.83	$0.78	$0.69	$0.67	$0.74	$0.79	$0.79
Debt/Share	$0.72	$0.74	$0.69	$0.52	$0.68	$0.59	$1.15	$1.04	$1.02	$1.02
Net Debt/Share	$0.64	$0.70	$0.68	$0.52	$0.66	$0.59	$1.09	$0.98	$0.94	$0.94

Academic Models

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	4	4	4	4	7	8	6	5	4	4
Beneish M-Score	—	—	—	—	-4.04	-4.34	-3.13	-3.01	-2.79	-2.785
Ohlson O-Score	snapshot only									-6.164
ROIC (Greenblatt)	snapshot only									24.28%
Net-Net WC	snapshot only									$-0.65
EVA	snapshot only									$11343195.78

Credit

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Credit Rating	snapshot only									A-
Credit Score	67.10	70.70	70.60	76.75	74.25	74.25	67.50	67.50	67.50	67.500
Credit Grade	snapshot only									7
Credit Trend	snapshot only									-6.750
Implied Spread (bps)	snapshot only									175.000

ECELF OTC

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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