Fortum
13.28 EUR +1.18%26,176 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)
12.11
EV/EBIT (adj.) (24e)
10.03
P/B (24e)
1.41
Dividend yield-% (24e)
7.27 %
Target price
13.50 EUR
Recommendation
Accumulate
Updated
2.5.2024
NASDAQ Helsinki
FORTUM
Daily low / high price
13.14 / 13.315
EUR
Market cap
11.92B EUR
Turnover
19.32M EUR
Volume
1.5M
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Juha Kinnunen
Analyst
Latest videos
Financial calendar
Interim report
15.08.2024
Half year dividend
01.10.2024
Interim report
29.10.2024
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 |
---|---|---|
Nora Steiner-forsberg | 02.05.2024 | 2,093EUR |
Tiina Tuomela | 02.05.2024 | 2,756EUR |
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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 | 6,554.0 | 6,623.0 | 6,651.2 | 6,808.5 |
growth-% | -17.4 % | 42.7 % | 21.1 % | -13.7 % | -2.3 % | 1.1 % | 0.4 % | 2.4 % |
EBITDA | 2,326.0 | 4,913.0 | 2,382.0 | 2,021.0 | 1,674.7 | 1,527.5 | 1,499.9 | 1,623.4 |
EBIT (adj.) | 981.0 | 1,429.0 | 1,611.0 | 1,544.0 | 1,266.7 | 1,174.1 | 1,143.3 | 1,261.6 |
EBIT | 1,236.0 | 4,326.0 | 1,967.0 | 1,662.0 | 1,307.7 | 1,174.1 | 1,143.3 | 1,261.6 |
Profit before taxes | 1,836.0 | 4,333.0 | 1,564.0 | 1,583.0 | 1,267.4 | 1,112.3 | 1,077.8 | 1,187.5 |
Net income | 1,460.0 | 739.0 | 2,080.0 | 1,513.0 | 1,024.8 | 899.2 | 871.1 | 948.4 |
EPS (adj.) | 1.32 | -1.78 | 1.21 | 1.28 | 1.10 | 1.00 | 0.97 | 1.06 |
growth-% | -23.6 % | -234.2 % | 6.0 % | -14.5 % | -8.6 % | -3.1 % | 8.9 % | |
Dividend | 1.12 | 1.14 | 0.91 | 1.15 | 0.96 | 0.88 | 0.85 | 0.92 |
Dividend ratio | 68.1 % | 137.0 % | 39.3 % | 68.2 % | 84.5 % | 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 % | 25.6 % | 23.1 % | 22.6 % | 23.8 % |
EBIT-% (adj.) | 21.8 % | 22.3 % | 20.7 % | 23.0 % | 19.3 % | 17.7 % | 17.2 % | 18.5 % |
EBIT-% | 27.5 % | 67.4 % | 25.3 % | 24.8 % | 20.0 % | 17.7 % | 17.2 % | 18.5 % |
ROE | 11.3 % | 5.9 % | 21.0 % | 18.8 % | 12.1 % | 10.6 % | 10.2 % | 11.0 % |
ROI | 8.7 % | 15.8 % | 7.7 % | 12.6 % | 10.6 % | 9.9 % | 9.5 % | 10.2 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 19.70 | 26.99 | 15.54 | 13.06 | 13.28 | 13.28 | 13.28 | 13.28 |
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 | 11,915.7 | 11,915.7 | 11,915.7 | 11,915.7 |
Enterprise value | 25,566.8 | 32,676.1 | 16,661.0 | 12,660.3 | 12,701.4 | 12,819.4 | 12,930.7 | 13,019.2 |
EV/S | 5.7 | 5.1 | 2.1 | 1.9 | 1.9 | 1.9 | 1.9 | 1.9 |
EV/EBITDA | 11.0 | 6.7 | 7.0 | 6.3 | 7.6 | 8.4 | 8.6 | 8.0 |
EV/EBIT (adj.) | 26.1 | 22.9 | 10.3 | 8.2 | 10.0 | 10.9 | 11.3 | 10.3 |
EV/EBIT | 20.7 | 7.6 | 8.5 | 7.6 | 9.7 | 10.9 | 11.3 | 10.3 |
P/E (adj.) | 14.9 | - | 12.8 | 10.2 | 12.1 | 13.3 | 13.7 | 12.6 |
P/E | 12.0 | 32.4 | 6.7 | 7.7 | 11.6 | 13.3 | 13.7 | 12.6 |
P/B | 1.4 | 2.0 | 1.8 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 |
P/S | 3.9 | 3.7 | 1.8 | 1.7 | 1.8 | 1.8 | 1.8 | 1.8 |
Dividend yield | 5.7 % | 4.2 % | 5.9 % | 8.8 % | 7.3 % | 6.6 % | 6.4 % | 6.9 % |
Equity ratio | 26.9 % | 9.1 % | 32.7 % | 45.3 % | 47.8 % | 48.2 % | 47.9 % | 48.8 % |
Gearing ratio | 53.6 % | 70.5 % | 50.0 % | 20.3 % | 18.5 % | 19.8 % | 20.9 % | 21.5 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 1,367.0 | 1,221.0 | 1,858.0 | 6,711.0 | 2,015.0 | 1,313.0 | 1,222.8 | 2,003.2 | 6,554.0 |
EBITDA | 349.0 | 344.0 | 476.0 | 2,021.0 | 663.0 | 260.9 | 247.0 | 503.8 | 1,674.7 |
EBIT | 267.0 | 251.0 | 375.0 | 1,662.0 | 571.0 | 169.9 | 157.0 | 409.8 | 1,307.7 |
Profit before taxes | 175.0 | 224.0 | 488.0 | 1,583.0 | 579.7 | 145.9 | 128.0 | 413.8 | 1,267.4 |
Net income | 376.0 | 186.0 | 411.0 | 1,513.0 | 471.2 | 117.3 | 101.8 | 334.5 | 1,024.8 |
ShowingAll content types
Fortum Corporation: Managers' transactions - Petra Lundström
Fortum Corporation: Managers' transactions - Simon-Erik Ollus
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