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Fortum

20.23 EUR

+0.35 %

29,171 following

FORTUM

NASDAQ Helsinki

Multi

Energy

+0.35 %
+11.28 %
+11.98 %
+13.65 %
+20.45 %
+46.28 %
+46.06 %
-2.93 %
+255.86 %

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
18.15B EUR
Turnover
6.38M EUR
P/E (adj.) (25e)
24.3
EV/EBIT (adj.) (25e)
19.31
P/B (25e)
2.12
EV/S (25e)
3.66
Dividend yield-% (25e)
3.7 %
Coverage
Recommendation
Reduce
Target price
17.00 EUR
Updated
30.10.2025
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 05.11.2024

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
3.2
2026

Annual report '25

31.3
2026

General meeting '26

29.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Fortum Investor Day 2025
Webcast

Fortum Investor Day 2025

Fortum invites analysts, institutional investors, other capital markets representatives and media to its Investor Day on Tuesday, 25 November 2025 at 10:00 a.m. EET. The event will be held in Helsinki, Finland, and as a live webcast open to all.

Fortum
Forum discussions
Thank you for the level-headed answers and your justifications. Agreed. From Fortum’s perspective, the essential thing is who produces the required electricity. Growing demand requires more production capacity, for which I don’t think Fortum has a clear, understandable plan—at least...
yesterday
10
Fortum has a reasonably clear section on its “investor presentation” pages, where answers to many points can be found. In practice, Fortum is waiting with its large renewables portfolio for the predicted 25 TWh data center surge to kick off. Hydropower provides good optimization ...
yesterday
by skuuppia
6
My guess is that Oldenburg will sell his Fortum holdings this winter. The company’s quality is simply not sufficient.
yesterday
by Kryptoniitti
4
Here’s one perspective on potential winners. I would personally also add Wärtsilä to the list. SalkunRakentaja – 24 Jan 26 Elon Musk: Tekoälyn pullonkaula ei ole siru vaan sähkö Tekoälyn voittokulun rajat alkavat löytyä sähköverkosta ja kapasiteetista tuottaa puhdasta energiaa.
4 hours ago
by VahvaRupla
3
Fortum’s multiples have certainly stretched significantly. It hasn’t traded at a P/E ratio over 20 in years. AI works wonders. It’ll be interesting to see the reaction to the Q4 figures. I sold the rest at €19–20. I should have been a bit more patient. I find it hard to believe there...
7 hours ago
3
So what if paper machines close down? At the same time, the industry’s ability to produce district heating, for example, also decreases. That loss has to be compensated for somehow, such as with an electric boiler, which consumes electricity.
yesterday
by Buccaneer
3
In the latest comment, it says the price is roughly in the right ballpark, although the stock is not particularly expensive yet. A significant factor regarding a potential sale seems to be the lack of trust in the major shareholder.
yesterday
by VahvaRupla
3
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