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Elah Holdings

ELLH
3
Shell Companies · Financial Services
Price
$14.75
+1.75 (+13.46%)
Market Cap
$10.9M
Winston Score
3
Winston is worried
Weak fundamentals across most pillars.

Elah Holdings, Inc. is a small holding company based in the United States. It does not appear to operate a large, well-known business of its own. Instead, it functions as a shell or investment vehicle, meaning it exists mainly to hold assets or pursue acquisitions rather than sell a specific product or service to everyday customers.

The company generates very little revenue, and its operating losses are extremely large relative to what it earns, which is reflected in its deeply negative operating margin. It has no clear geographic footprint or dominant market position at this time. The biggest risk facing Elah Holdings is its lack of a defined, sustainable business — without completing a meaningful acquisition or developing a core operation, it may continue burning through cash with no clear path to profitability.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-33.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+33.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

0.0%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~21 months

$5M cash & investments

Adequate runway but may need to raise capital within 2 years

Revenue declining

Elah Holdings's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 739K (2021) → 739K (2025)

Score breakdown

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Quality

Gross Margin
0.0%
Thin — 0.0% gross margin
Operating Margin
-21750.0%
Losing money on operations — -21750.0%
ROCE
-8.8%
Weak — -8.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-27.3%
Shrinking sales (-27.3% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-29925.0%
Burning cash (-29925.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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