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 9,706 - -
Change - 40.25% -23.26% 8.99% 48.95% 8.52% - -
Enterprise Value (EV) 1 5,010 7,060 5,603 6,126 9,088 9,605 9,393 9,139
Change - 40.91% -20.65% 9.35% 48.35% 5.68% -2.21% -2.71%
P/E 26.5x 20.6x 25.5x 18.2x 17.9x 17.6x 14.9x 13.4x
PBR 6.86x 7.91x 6.19x 5.98x 6.97x 6.09x 4.92x 4.07x
PEG - 0.3x -0.7x 0.3x 0.3x 1.81x 0.8x 1.2x
Capitalization / Revenue 4.92x 5.36x 4.63x 3.89x 4.73x 4.67x 4.13x 3.83x
EV / Revenue 4.81x 5.27x 4.71x 3.97x 4.81x 4.62x 3.99x 3.6x
EV / EBITDA 17.3x 14.5x 17.2x 12x 13.2x 12.8x 10.6x 9.38x
EV / EBIT 20.6x 16.1x 20.4x 14.7x 14.4x 13.9x 11.5x 10.1x
EV / FCF 38.5x 21.7x 105x 29.7x 41.5x 19.9x 18.7x 15x
FCF Yield 2.6% 4.6% 0.95% 3.37% 2.41% 5.03% 5.35% 6.66%
Dividend per Share 2 1.5 1.6 1.62 1.64 1.8 1.907 2.113 2.358
Rate of return 4.11% 3.12% 4.13% 3.83% 2.83% 2.77% 3.07% 3.42%
EPS 2 1.38 2.49 1.54 2.35 3.56 3.907 4.612 5.14
Distribution rate 109% 64.3% 105% 69.8% 50.6% 48.8% 45.8% 45.9%
Net sales 1 1,041 1,341 1,190 1,542 1,890 2,080 2,352 2,537
EBITDA 1 289.1 487.1 326.4 509.4 688.3 752 883.9 974.2
EBIT 1 243.3 439.6 274.9 416.6 631.6 689 814.5 905.5
Net income 1 193.8 349.5 216.8 329.9 500.3 549.5 649.2 724.1
Net Debt 1 -108.3 -118.7 93.3 121.7 144.4 -100.6 -312.7 -567.1
Reference price 2 36.52 51.24 39.27 42.78 63.65 68.90 68.90 68.90
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.($)
17.63x4.62x12.77x2.77% 11.05B
32.26x11.78x24.17x0.62% 987B
25.55x5.89x16.01x2.23% 576B
29.14x6.97x14.27x2.95% 415B
17.33x4.31x10.6x3.08% 320B
22.48x4.7x13.31x1.86% 278B
21.11x5.46x13.24x2.93% 279B
13.65x5.05x10.4x3.69% 208B
22.56x6.05x10.56x2.91% 187B
-44.81x5.41x29.83x2.6% 155B
Average 15.69x 6.02x 15.52x 2.56% 341.63B
Weighted average by Cap. 22.43x 7.38x 17.18x 2.1%

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

-40%: Exceptional extension
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