Fortum
14.32
EUR
+2.18 %
FORTUM
NASDAQ Helsinki
Multi
Energy
Fortum is active in the energy sector. In addition to the provision of electricity, a number of technical solutions are offered in heat optimization as well as apps that are used to keep track of energy consumption. The company also provides charging stations for electric cars. The largest activity is found around the Nordic market. The company was founded in 1998 and is headquartered in Espoo.
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Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Prime Minister´s Office | 51.3 % | 51.3 % |
Ilmarinen Mutual Pension Insurance Company | 2.1 % | 2.1 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Nebahat Albayrak | 30.10.2024 | 657EUR |
Mikael Rönnblad | 30.10.2024 | 794EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 4,501.0 | 6,422.0 | 7,774.0 | 6,711.0 | 6,190.1 | 5,633.2 | 5,679.2 | 5,806.1 |
growth-% | -17.4 % | 42.7 % | 21.1 % | -13.7 % | -7.8 % | -9.0 % | 0.8 % | 2.2 % |
EBITDA | 2,326.0 | 4,913.0 | 2,382.0 | 2,021.0 | 1,741.6 | 1,479.1 | 1,439.0 | 1,475.8 |
EBIT (adj.) | 981.0 | 1,429.0 | 1,611.0 | 1,544.0 | 1,251.6 | 1,146.1 | 1,115.9 | 1,143.8 |
EBIT | 1,236.0 | 4,326.0 | 1,967.0 | 1,662.0 | 1,375.6 | 1,146.1 | 1,115.9 | 1,143.8 |
Profit before taxes | 1,836.0 | 4,333.0 | 1,564.0 | 1,583.0 | 1,556.6 | 1,163.5 | 1,150.8 | 1,158.0 |
Net income | 1,460.0 | 739.0 | 2,080.0 | 1,513.0 | 1,262.5 | 952.6 | 942.3 | 937.3 |
EPS (adj.) | 1.32 | -1.78 | 1.21 | 1.28 | 1.27 | 1.06 | 1.05 | 1.04 |
growth-% | -23.6 % | -234.2 % | 6.0 % | -1.0 % | -16.3 % | -1.1 % | -0.5 % | |
Dividend | 1.12 | 1.14 | 0.91 | 1.15 | 1.14 | 0.96 | 0.95 | 0.94 |
Dividend ratio | 68.1 % | 137.0 % | 39.3 % | 68.2 % | 81.2 % | 90.0 % | 90.0 % | 90.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 51.7 % | 76.5 % | 30.6 % | 30.1 % | 28.1 % | 26.3 % | 25.3 % | 25.4 % |
EBIT-% (adj.) | 21.8 % | 22.3 % | 20.7 % | 23.0 % | 20.2 % | 20.3 % | 19.6 % | 19.7 % |
EBIT-% | 27.5 % | 67.4 % | 25.3 % | 24.8 % | 22.2 % | 20.3 % | 19.6 % | 19.7 % |
ROE | 11.3 % | 5.9 % | 21.0 % | 18.8 % | 14.8 % | 11.0 % | 10.9 % | 10.7 % |
ROI | 8.7 % | 15.8 % | 7.7 % | 12.6 % | 11.4 % | 10.0 % | 9.9 % | 9.9 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 19.70 | 26.99 | 15.54 | 13.06 | 14.32 | 14.32 | 14.32 | 14.32 |
Shares | 888.4 | 888.3 | 897.3 | 897.3 | 897.3 | 897.3 | 897.3 | 897.3 |
Market cap | 17,500.8 | 23,975.1 | 13,943.5 | 11,718.3 | 12,848.8 | 12,848.8 | 12,848.8 | 12,848.8 |
Enterprise value | 25,566.8 | 32,676.1 | 16,661.0 | 12,660.3 | 12,564.6 | 12,658.2 | 12,700.2 | 12,696.7 |
EV/S | 5.7 | 5.1 | 2.1 | 1.9 | 2.0 | 2.2 | 2.2 | 2.2 |
EV/EBITDA | 11.0 | 6.7 | 7.0 | 6.3 | 7.2 | 8.6 | 8.8 | 8.6 |
EV/EBIT (adj.) | 26.1 | 22.9 | 10.3 | 8.2 | 10.0 | 11.0 | 11.4 | 11.1 |
EV/EBIT | 20.7 | 7.6 | 8.5 | 7.6 | 9.1 | 11.0 | 11.4 | 11.1 |
P/E (adj.) | 14.9 | - | 12.8 | 10.2 | 11.3 | 13.5 | 13.6 | 13.7 |
P/E | 12.0 | 32.4 | 6.7 | 7.7 | 10.2 | 13.5 | 13.6 | 13.7 |
P/B | 1.4 | 2.0 | 1.8 | 1.4 | 1.5 | 1.5 | 1.5 | 1.5 |
P/S | 3.9 | 3.7 | 1.8 | 1.7 | 2.1 | 2.3 | 2.3 | 2.2 |
Dividend yield | 5.7 % | 4.2 % | 5.9 % | 8.8 % | 8.0 % | 6.7 % | 6.6 % | 6.6 % |
Equity ratio | 26.9 % | 9.1 % | 32.7 % | 45.3 % | 48.2 % | 49.9 % | 49.7 % | 50.5 % |
Gearing ratio | 53.6 % | 70.5 % | 50.0 % | 20.3 % | 5.7 % | 6.9 % | 7.3 % | 7.2 % |
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Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 1,858.0 | 6,711.0 | 2,015.0 | 1,255.2 | 1,094.3 | 1,825.6 | 6,190.1 | 1,789.1 | 1,095.8 |
EBITDA | 476.0 | 2,021.0 | 663.0 | 334.0 | 219.0 | 525.6 | 1,741.6 | 542.3 | 302.5 |
EBIT | 375.0 | 1,662.0 | 571.0 | 241.0 | 123.0 | 440.6 | 1,375.6 | 459.3 | 219.5 |
Profit before taxes | 488.0 | 1,583.0 | 579.7 | 272.0 | 160.3 | 544.6 | 1,556.6 | 462.7 | 206.5 |
Net income | 411.0 | 1,513.0 | 471.2 | 217.5 | 133.3 | 440.5 | 1,262.5 | 375.9 | 167.6 |
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Fortum Corporation: Managers' transactions - Petra Lundström
Fortum Corporation: Managers' transactions - Mikael Rönnblad
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