Fortum
11.445 EUR -0.82%26,037 investors are following this company
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.
P/E (24e)
11.03
EV/EBIT (adj.) (24e)
9.06
P/B (24e)
1.23
Dividend yield-% (24e)
7.98 %
Target price
13.50 EUR
Recommendation
Buy
Updated
7.2.2024
NASDAQ Helsinki
FORTUM
Daily low / high price
11.4 / 11.57
EUR
Market cap
10.27B EUR
Turnover
16.8M EUR
Volume
1.5M
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Latest research
Analyst
Juha Kinnunen
Analyst
Latest videos
Financial calendar
Interim report
2024-04-30
Interim report
2024-08-15
Half year dividend
2024-10-01
Interim report
2024-10-29
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Prime Minister´s Office | 51.3 % | 51.3 % |
Ilmarinen Mutual Pension Insurance Company | 2.3 % | 2.3 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Johan Lemström | 2024-02-08 | 306EUR |
Peter Strannegård | 2024-02-08 | 2,058EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 4,501.0 | 6,422.0 | 7,774.0 | 6,711.0 | 6,185.3 | 6,172.0 | 6,240.1 | 6,340.6 |
growth-% | -17.4 % | 42.7 % | 21.1 % | -13.7 % | -7.8 % | -0.2 % | 1.1 % | 1.6 % |
EBITDA | 2,326.0 | 4,913.0 | 2,382.0 | 2,021.0 | 1,565.1 | 1,508.0 | 1,504.2 | 1,544.0 |
EBIT (adj.) | 981.0 | 1,429.0 | 1,611.0 | 1,544.0 | 1,227.1 | 1,173.6 | 1,159.3 | 1,186.5 |
EBIT | 1,236.0 | 4,326.0 | 1,967.0 | 1,662.0 | 1,227.1 | 1,173.6 | 1,159.3 | 1,186.5 |
Profit before taxes | 1,836.0 | 4,333.0 | 1,564.0 | 1,583.0 | 1,163.1 | 1,091.7 | 1,078.0 | 1,101.0 |
Net income | 1,460.0 | 739.0 | 2,080.0 | 1,513.0 | 930.9 | 872.8 | 861.4 | 869.0 |
EPS (adj.) | 1.32 | -1.78 | 1.21 | 1.28 | 1.04 | 0.97 | 0.96 | 0.97 |
growth-% | -23.6 % | -234.2 % | 6.0 % | -19.0 % | -6.2 % | -1.3 % | 0.9 % | |
Dividend | 1.12 | 1.14 | 0.91 | 1.15 | 0.91 | 0.86 | 0.84 | 0.84 |
Dividend ratio | 68.1 % | 137.0 % | 39.3 % | 68.2 % | 88.0 % | 88.0 % | 88.0 % | 87.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 51.7 % | 76.5 % | 30.6 % | 30.1 % | 25.3 % | 24.4 % | 24.1 % | 24.4 % |
EBIT-% (adj.) | 21.8 % | 22.3 % | 20.7 % | 23.0 % | 19.8 % | 19.0 % | 18.6 % | 18.7 % |
EBIT-% | 27.5 % | 67.4 % | 25.3 % | 24.8 % | 19.8 % | 19.0 % | 18.6 % | 18.7 % |
ROE | 11.3 % | 5.9 % | 21.0 % | 18.8 % | 11.1 % | 10.4 % | 10.2 % | 10.2 % |
ROI | 8.7 % | 15.8 % | 7.7 % | 12.6 % | 10.1 % | 9.9 % | 9.6 % | 9.7 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 19.70 | 26.99 | 15.54 | 13.06 | 11.45 | 11.45 | 11.45 | 11.45 |
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 | 10,269.2 | 10,269.2 | 10,269.2 | 10,269.2 |
Enterprise value | 25,566.8 | 32,676.1 | 16,661.0 | 12,660.3 | 11,118.8 | 11,227.0 | 11,346.5 | 11,502.2 |
EV/S | 5.7 | 5.1 | 2.1 | 1.9 | 1.8 | 1.8 | 1.8 | 1.8 |
EV/EBITDA | 11.0 | 6.7 | 7.0 | 6.3 | 7.1 | 7.4 | 7.5 | 7.4 |
EV/EBIT (adj.) | 26.1 | 22.9 | 10.3 | 8.2 | 9.1 | 9.6 | 9.8 | 9.7 |
EV/EBIT | 20.7 | 7.6 | 8.5 | 7.6 | 9.1 | 9.6 | 9.8 | 9.7 |
P/E (adj.) | 14.9 | - | 12.8 | 10.2 | 11.0 | 11.8 | 11.9 | 11.8 |
P/E | 12.0 | 32.4 | 6.7 | 7.7 | 11.0 | 11.8 | 11.9 | 11.8 |
P/B | 1.4 | 2.0 | 1.8 | 1.4 | 1.2 | 1.2 | 1.2 | 1.2 |
P/S | 3.9 | 3.7 | 1.8 | 1.7 | 1.7 | 1.7 | 1.6 | 1.6 |
Dividend yield | 5.7 % | 4.2 % | 5.9 % | 8.8 % | 8.0 % | 7.5 % | 7.4 % | 7.4 % |
Equity ratio | 26.9 % | 9.1 % | 32.7 % | 45.3 % | 48.1 % | 48.6 % | 48.3 % | 48.9 % |
Gearing ratio | 53.6 % | 70.5 % | 50.0 % | 20.3 % | 19.5 % | 20.6 % | 21.8 % | 23.3 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 2,265.0 | 1,367.0 | 1,221.0 | 1,858.0 | 6,711.0 | 1,927.9 | 1,268.4 | 1,128.6 | 1,860.3 |
EBITDA | 852.0 | 349.0 | 344.0 | 476.0 | 2,021.0 | 653.0 | 301.7 | 240.8 | 369.7 |
EBIT | 769.0 | 267.0 | 251.0 | 375.0 | 1,662.0 | 569.0 | 218.7 | 155.8 | 283.7 |
Profit before taxes | 696.0 | 175.0 | 224.0 | 488.0 | 1,583.0 | 563.0 | 197.7 | 129.8 | 272.7 |
Net income | 540.0 | 376.0 | 186.0 | 411.0 | 1,513.0 | 454.9 | 160.1 | 104.2 | 211.8 |
ShowingAll content types
Decisions by Fortum Corporation's Annual General Meeting 2024
Inside information: S&P Global Ratings upgrades Fortum's long-term rating to BBB+ with Stable Outlook
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