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 11,234 - -
Change - 40.25% -23.26% 8.99% 48.95% 25.6% - -
Enterprise Value (EV) 1 5,010 7,060 5,603 6,126 9,088 11,144 10,901 10,631
Change - 40.91% -20.65% 9.35% 48.35% 22.62% -2.18% -2.48%
P/E 26.5x 20.6x 25.5x 18.2x 17.9x 19.9x 17x 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 1.6x 1x 1.2x
Capitalization / Revenue 4.92x 5.36x 4.63x 3.89x 4.73x 5.36x 4.75x 4.39x
EV / Revenue 4.81x 5.27x 4.71x 3.97x 4.81x 5.32x 4.61x 4.16x
EV / EBITDA 17.3x 14.5x 17.2x 12x 13.2x 14.5x 12.2x 10.6x
EV / EBIT 20.6x 16.1x 20.4x 14.7x 14.4x 15.7x 13.2x 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% 3.09%
EPS 2 1.38 2.49 1.54 2.35 3.56 4.012 4.692 5.298
Distribution rate 109% 64.3% 105% 69.8% 50.6% 48.5% 46.2% 46.6%
Net sales 1 1,041 1,341 1,190 1,542 1,890 2,096 2,367 2,557
EBITDA 1 289.1 487.1 326.4 509.4 688.3 770.8 897.2 1,002
EBIT 1 243.3 439.6 274.9 416.6 631.6 707.9 828.1 933.2
Net income 1 193.8 349.5 216.8 329.9 500.3 564.5 660.4 746.2
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 79.85 79.85 79.85
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.($)
33.44x12.14x24.6x0.59% 1,047B
29.82x - - 2% 646B
32.61x7.57x15.74x2.68% 451B
19.99x4.75x11.76x2.79% 355B
21.76x5.62x13.93x2.85% 291B
20.88x4.29x12.24x2.06% 252B
27.35x7.07x12.56x2.33% 234B
13.25x4.77x9.95x3.83% 203B
-44.51x6.43x25.11x2.26% 181B
Average 17.17x 6.58x 15.74x 2.38% 406.59B
Weighted average by Cap. 24.24x 8.07x 17.81x 1.97%

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