Company Valuation: Fortum Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 23,975 13,943 11,718 12,127 16,312 21,319 - -
Change - -41.84% -15.96% 3.48% 34.52% 30.69% - -
Enterprise Value (EV) 1 33,603 15,027 12,660 12,494 17,791 23,159 23,048 23,029
Change - -55.28% -15.75% -1.32% 42.4% 30.17% -0.48% -0.08%
P/E 32.5x -5.71x 7.77x 10.4x 21.4x 23.4x 20.3x 19.1x
PBR 1.98x 1.82x 1.39x 1.34x 1.91x 2.46x 2.37x 2.32x
PEG - 0x -0x -0.5x -0.6x 1.2x 1.3x 2.89x
Capitalization / Revenue 0.21x 1.58x 1.75x 2.09x 3.27x 3.79x 3.31x 3.2x
EV / Revenue 0.3x 1.71x 1.89x 2.15x 3.57x 4.12x 3.58x 3.45x
EV / EBITDA 8.8x 6.17x 6.65x 8.03x 14.3x 15.7x 14.1x 13.3x
EV / EBIT 13.3x 8.03x 8.2x 10.6x 19.3x 20.2x 17.8x 16.7x
EV / FCF 8.86x 9.57x 11.2x 13.6x 52.2x 28x 24.1x 21.8x
FCF Yield 11.3% 10.4% 8.96% 7.36% 1.92% 3.57% 4.15% 4.58%
Dividend per Share 2 1.14 0.91 1.15 1.4 0.74 0.8936 0.9935 1.029
Rate of return 4.22% 5.86% 8.81% 10.4% 4.07% 3.76% 4.18% 4.33%
EPS 2 0.83 -2.72 1.68 1.3 0.85 1.014 1.17 1.247
Distribution rate 137% -33.5% 68.5% 108% 87.1% 88.1% 84.9% 82.5%
Net sales 1 112,400 8,804 6,711 5,800 4,989 5,619 6,445 6,668
EBITDA 1 3,817 2,436 1,903 1,556 1,240 1,472 1,633 1,726
EBIT 1 2,536 1,871 1,544 1,178 924 1,145 1,293 1,380
Net income 1 739 -2,416 1,514 1,164 765 909.3 1,047 1,109
Net Debt 1 9,628 1,084 942 367 1,479 1,840 1,729 1,710
Reference price 2 26.99 15.54 13.06 13.52 18.18 23.76 23.76 23.76
Nbr of stocks (in thousands) 888,294 897,264 897,264 897,264 897,264 897,264 - -
Announcement Date 3/3/22 3/2/23 2/7/24 2/11/25 2/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.95x4.04x15.44x3.84% 23.09B
25.74x4.28x29.85x0.25% 215B
20.9x9.33x16.71x2.91% 179B
22.11x4.56x12.75x3.14% 172B
21.13x5.93x13x3.27% 108B
13.58x1.93x6.9x5.21% 109B
21.6x11.88x15.42x3.24% 109B
18.98x5.72x11.47x3.38% 100B
22.42x3.25x14.35x0.59% 99.29B
19.93x5.22x12.46x2.99% 70.19B
Average 20.94x 5.61x 14.84x 2.88% 118B
Weighted average by Cap. 21.32x 5.80x 16.25x 2.6%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Fortum Oyj

Historical PBR trend

Valuation ratios - PBR - Fortum Oyj

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Fortum Oyj

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Fortum Oyj


Year-on-year evolution of the Yield

Valuation ratios - Yield - Fortum Oyj