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Fortum

19.70 EUR

-0.23 %

29,439 following

FORTUM

NASDAQ Helsinki

Multi

Energy

-0.23 %
+1.36 %
+8.33 %
+10.24 %
+33.03 %
+29.19 %
+36.58 %
-6.79 %
+246.45 %

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
17.67B EUR
Turnover
5.86M EUR
P/E (adj.) (26e)
17.6
EV/EBIT (adj.) (26e)
13.89
P/B (26e)
1.99
EV/S (26e)
3.37
Dividend yield-% (26e)
5.11 %
Coverage
Recommendation
Accumulate
Target price
20.00 EUR
Updated
04.02.2026
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 04.02.2026

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: Elmarkedet strammes til i takt med stigende efterspørgsel
Research by
Juha Kinnunen

Fortum Q4'25: Elmarkedet strammes til i takt med stigende efterspørgsel

Fortums regnskabsmeddelelse for 4. kvartal var svag, ligesom hele 2025, men vi har tydeligt opjusteret vores estimater for de kommende år i takt med elprisen. Aktien er efter vores mening rimeligt prissat, men vi ser en positiv optionalitet i aktien på grund af opadgående pres på elpriserne. Vi understreger dog, at risiciene også er steget i takt med værdiansættelsen og forventningerne.

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, 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
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
6
why the reaction of owners/investors to the biggest losses in Finnish history was quite “meh” Fortum’s activities were indeed quite lacking in stewardship I reckon that many of the seniors and active members of this thread and forum take a rather stoic approach to these investment...
2/23/2026, 11:51 AM
by Gadua Morhua
5
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