Company Valuation: Orion Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,119 7,179 5,509 6,005 8,944 11,232 - -
Change - 40.25% -23.26% 8.99% 48.95% 25.58% - -
Enterprise Value (EV) 1 5,010 7,060 5,603 6,126 9,088 11,142 10,899 10,629
Change - 40.91% -20.65% 9.35% 48.35% 22.59% -2.18% -2.48%
P/E 26.5x 20.6x 25.5x 18.2x 17.9x 19.8x 16.8x 15.1x
PBR 6.86x 7.91x 6.19x 5.98x 6.97x 7x 5.64x 4.62x
PEG - 0.3x -0.7x 0.3x 0.3x 1.5x 0.9x 1.3x
Capitalization / Revenue 4.92x 5.36x 4.63x 3.89x 4.73x 5.35x 4.73x 4.39x
EV / Revenue 4.81x 5.27x 4.71x 3.97x 4.81x 5.31x 4.59x 4.16x
EV / EBITDA 17.3x 14.5x 17.2x 12x 13.2x 14.4x 12x 10.6x
EV / EBIT 20.6x 16.1x 20.4x 14.7x 14.4x 15.7x 13x 11.4x
EV / FCF 38.5x 21.7x 105x 29.7x 41.5x 22.6x 21.1x 16.9x
FCF Yield 2.6% 4.6% 0.95% 3.37% 2.41% 4.42% 4.73% 5.91%
Dividend per Share 2 1.5 1.6 1.62 1.64 1.8 1.945 2.168 2.47
Rate of return 4.11% 3.12% 4.13% 3.83% 2.83% 2.44% 2.72% 3.1%
EPS 2 1.38 2.49 1.54 2.35 3.56 4.022 4.746 5.298
Distribution rate 109% 64.3% 105% 69.8% 50.6% 48.4% 45.7% 46.6%
Net sales 1 1,041 1,341 1,190 1,542 1,890 2,098 2,374 2,557
EBITDA 1 289.1 487.1 326.4 509.4 688.3 772.6 906.7 1,002
EBIT 1 243.3 439.6 274.9 416.6 631.6 709.6 837.6 933.2
Net income 1 193.8 349.5 216.8 329.9 500.3 565.9 667.9 746.2
Net Debt 1 -108.3 -118.7 93.3 121.7 144.4 -89.76 -333 -603.1
Reference price 2 36.52 51.24 39.27 42.78 63.65 79.80 79.80 79.80
Nbr of stocks (in thousands) 140,563 140,202 140,351 140,501 140,693 140,866 - -
Announcement Date 2/10/22 2/9/23 2/13/24 2/25/25 2/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.72x11.9x24.26x0.6% 1,024B
30.62x - - 1.95% 663B
32.73x7.6x15.8x2.67% 453B
19.89x4.73x11.71x2.8% 352B
22.72x5.84x14.51x2.7% 304B
20.87x4.29x12.24x2.06% 252B
27.66x7.14x13.15x2.31% 236B
13.33x4.82x10.06x3.78% 206B
-46.14x6.65x25.95x2.18% 187B
Average 17.16x 6.62x 15.96x 2.34% 408.71B
Weighted average by Cap. 24.05x 7.99x 17.80x 1.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield