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 11,138 - -
Change - 40.25% -23.26% 8.99% 48.95% 24.53% - -
Enterprise Value (EV) 1 5,010 7,060 5,603 6,126 9,088 11,048 10,805 10,535
Change - 40.91% -20.65% 9.35% 48.35% 21.56% -2.2% -2.5%
P/E 26.5x 20.6x 25.5x 18.2x 17.9x 19.7x 16.7x 15x
PBR 6.86x 7.91x 6.19x 5.98x 6.97x 6.94x 5.6x 4.58x
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 5.31x 4.69x 4.36x
EV / Revenue 4.81x 5.27x 4.71x 3.97x 4.81x 5.27x 4.55x 4.12x
EV / EBITDA 17.3x 14.5x 17.2x 12x 13.2x 14.3x 11.9x 10.5x
EV / EBIT 20.6x 16.1x 20.4x 14.7x 14.4x 15.6x 12.9x 11.3x
EV / FCF 38.5x 21.7x 105x 29.7x 41.5x 22.4x 20.9x 16.8x
FCF Yield 2.6% 4.6% 0.95% 3.37% 2.41% 4.46% 4.77% 5.96%
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% 2.46% 2.74% 3.12%
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 79.20 79.20 79.20
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.($)
19.69x5.27x14.3x2.46% 12.94B
32x11.63x23.59x0.62% 1,002B
28.37x6.53x17.91x2.01% 644B
32.13x7.46x15.49x2.73% 443B
18.9x4.61x11.42x2.88% 343B
19.46x5.11x12.69x3.2% 262B
20.29x4.17x11.93x2.12% 245B
24.75x6.5x11.57x2.58% 212B
12.86x4.67x9.75x3.91% 199B
-44.5x6.43x25.11x2.26% 181B
Average 16.39x 6.24x 15.38x 2.48% 354.26B
Weighted average by Cap. 22.90x 7.52x 17.30x 2.04%

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

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