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 11,592 - -
Change - 40.25% -23.26% 8.99% 48.95% 29.6% - -
Enterprise Value (EV) 1 5,010 7,060 5,603 6,126 9,088 11,502 11,259 10,989
Change - 40.91% -20.65% 9.35% 48.35% 26.56% -2.11% -2.4%
P/E 26.5x 20.6x 25.5x 18.2x 17.9x 20.5x 17.4x 15.6x
PBR 6.86x 7.91x 6.19x 5.98x 6.97x 7.22x 5.82x 4.77x
PEG - 0.3x -0.7x 0.3x 0.3x 1.6x 1x 1.3x
Capitalization / Revenue 4.92x 5.36x 4.63x 3.89x 4.73x 5.53x 4.88x 4.53x
EV / Revenue 4.81x 5.27x 4.71x 3.97x 4.81x 5.49x 4.74x 4.3x
EV / EBITDA 17.3x 14.5x 17.2x 12x 13.2x 14.9x 12.4x 11x
EV / EBIT 20.6x 16.1x 20.4x 14.7x 14.4x 16.2x 13.4x 11.8x
EV / FCF 38.5x 21.7x 105x 29.7x 41.5x 23.3x 21.8x 17.5x
FCF Yield 2.6% 4.6% 0.95% 3.37% 2.41% 4.29% 4.58% 5.71%
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% 2.36% 2.63% 3%
EPS 2 1.38 2.49 1.54 2.35 3.56 4.02 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 2,097 2,373 2,557
EBITDA 1 289.1 487.1 326.4 509.4 688.3 772 906.6 1,002
EBIT 1 243.3 439.6 274.9 416.6 631.6 709.1 837.5 933.2
Net income 1 193.8 349.5 216.8 329.9 500.3 565.6 668 746.2
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 82.40 82.40 82.40
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.68x12.2x24.79x0.59% 1,056B
29.76x6.61x18.5x2% 645B
33.32x7.79x16.11x2.63% 465B
108.6x6.05x25.67x2.29% 368B
19.01x4.64x11.49x2.87% 335B
20.51x5.32x13.17x3.01% 275B
20.92x4.34x12.36x2.04% 255B
26.76x6.95x12.37x2.38% 229B
-45.76x6.66x26x2.18% 188B
Average 27.42x 6.73x 17.83x 2.22% 423.98B
Weighted average by Cap. 32.80x 7.85x 19.23x 1.9%

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