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Fortum

21.18 EUR

+3.57 %

29,457 following

FORTUM

NASDAQ Helsinki

Multi

Energy

+3.57 %
+2.72 %
+16.50 %
+16.95 %
+38.61 %
+35.21 %
+45.87 %
-4.12 %
+272.58 %

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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Market cap
19B EUR
Turnover
35.44M EUR
P/E (adj.) (26e)
18.93
EV/EBIT (adj.) (26e)
14.92
P/B (26e)
2.14
EV/S (26e)
3.62
Dividend yield-% (26e)
4.76 %
Coverage
Recommendation
Accumulate
Target price
20.00 EUR
Updated
2026-02-04
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 2026-02-04

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
31/3
2026

General meeting '26

1/4
2026

Annual dividend

29/4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Fortum Q4'25: Elmarknaden stramas åt i takt med ökad efterfrågan
Research by
Juha Kinnunen

Fortum Q4'25: Elmarknaden stramas åt i takt med ökad efterfrågan

Fortums Q4-resultat var svagt, liksom hela år 2025, men vi höjde våra estimat för de närmaste åren tydligt i linje med elpriset. Aktien är enligt vår mening rättvist värderad, men vi ser en positiv optionalitet i aktien på grund av uppåtriktat tryck på elpriset. Vi betonar dock att riskerna också har ökat i takt med värderingen och förväntningarna.

Fortum
Forum discussions
A very common way to handle deals like these is to state that, “Well, there were big losses, so you made a shitty decision and you’re bad. Oink-oink capitalists, take that!”. In my opinion, the right way to evaluate these is to consider whether the decision was sensible based on ...
2/23/2026, 10:11 AM
by Paapaa
28
The nominee-registered holding seems to be growing. Kudos to Anttonen for taking a view—another 540,761 shares added to the portfolio! This is how it’s done when joining a board. Put your skin in the game.
3/3/2026, 6:46 AM
by VahvaRupla
11
Investments in Russia and other emerging markets always carry more than the usual amount of risk related to politics, currencies, legal systems, and so on. At least for me, a very boring Fortum operating only in the Nordic countries would have been fine, but I did own a certain amount...
2/23/2026, 9:56 PM
by akka
10
My own view: I bought Fortum during the spring 2020 COVID crash and sold those lots a couple of years later at prices above 20 euros, when the reality regarding Russia hit home. For me, the investment case was the low price, which I could fully justify based on Fortum’s Nordic holdings...
2/23/2026, 8:27 PM
by Kuponkiankka
9
I won’t take a stand on building additional nuclear power, but these occasional demand and price peaks stretched out a bit longer in January and February. Below I’ve included the graphs for Finland’s consumption and production from Fingrid’s website. February is on top and January...
3/5/2026, 5:21 PM
8
I, on the other hand, got the impression that politicians felt the opposite “pressure,” meaning the deal was supposedly approved via text message from someone’s vacation? And it seems “responsibility” was shifted once, so politicians weren’t interested. But I don’t know if that’s...
2/23/2026, 11:19 AM
by Torniojaws
7
Slight movement in recommendations https://www.marketscreener.com/news/sb1-markets-initiates-coverage-of-fortum-with-a-buy-rating-ce7e5fdede81f72c
3/10/2026, 10:15 AM
by VahvaRupla
6
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