Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Fortum

21.28 EUR+1.43 %7.9, 15.17
30,093 following

FORTUM

NASDAQ Helsinki

Multi

Energy

Overview
Financials & Estimates
Dividend
Investor views
Compare
+1.43 %
+9.24 %
+0.71 %
+7.80 %
+17.05 %
+44.37 %
+75.65 %
-19.73 %
+274.33 %

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.

Read more
Market cap
19.09B EUR
Turnover
4.22M EUR
P/E (adj.) (26e)
22.15
EV/EBIT (adj.) (26e)
17.39
P/B (26e)
2.17
EV/S (26e)
3.42
Dividend yield-% (26e)
4.06 %
Coverage
Recommendation
Reduce
Target price
20.00 EUR
Updated
22.07.2026
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 22.07.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types

Forum discussions
News Powered by Cision Fortumin projektiyhtiö NuCore Energi AB aloittaa keskustelut uuden ydinvoiman... FORTUM OYJ LEHDISTÖTIEDOTE 27.8.2026 Fortumin omistama uuden ydinvoiman kehittämiseen NuCore Energi, a project company owned by Fortum that focuses on developing new nuclear power...
8/27/2026, 7:07 AM
by Cadel
16
Death cross formed for Fortum’s stock A death cross occurs when a company’s 50-day moving average falls below its 200-day moving average. The phenomenon has often preceded a trend-like decline in a stock’s price. Tärkeimmät talousuutiset | Kauppalehti – 20 Aug 26 Fortumin osakkeeseen...
8/20/2026, 10:29 AM
by Index
13
Fortum’s offer for the Norwegian power company Elmera starts today. The company’s 2026e P/E ratio is around 20, and it has just under a million customers. A portion of their operations is also in Sweden and Finland. It’s not outrageously priced, but it’s not cheap either, given the...
8/21/2026, 10:37 AM
by PörssiPatruuna
10
A plot of land in Loviisa already purchased for a new nuclear power plant, Sweden’s nuclear project announcement today, major wind power expansion plans, several pumped-storage power plants in progress, data center sites, and maybe even a bid for a slice of Uniper. Etc. Fortum not...
8/27/2026, 7:35 AM
by PörssiPatruuna
9
There was nothing inherently surprising in the press release or the matter itself. Fortum was mostly just in a hurry with its application to preserve its eligibility for the Swedish state’s support scheme aimed at new nuclear power construction. The support is capped at 5,000 MW....
8/27/2026, 9:16 AM
by Rauta
8
Here are Juha’s comments on Fortum’s tender offer for Elmera. Inderes – 24 Aug 26 Fortum käynnisti 450 MEUR:n ostotarjouksen Elmerasta - Inderes Fortumin 450 miljoonan euron ostotarjous Elmerasta käynnistyi.
8/24/2026, 5:33 AM
by Sijoittaja-alokas
7
SSAB (Rautaruukki) has been involved in the Olkiluoto 3 project through Pohjolan Voima, so they could very well be involved in new nuclear power projects as well, perhaps even with a larger stake. Now that the chemical industry and Siilasmaa have been complaining about the electricity...
8/19/2026, 7:48 PM
by skuuppia
6
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
28.10
2026

Interim report Q3'26

Regulatory press release03.09.2026, 08.00

Fortum has received clearance of regulatory approvals for the recommended voluntary cash tender offer for Elmera ASA

Fortum
Fortum lancerede et købstilbud på 450 MEUR på Elmera
Analyst Comment24.08.2026, 07.24 by
Juha Kinnunen

Fortum lancerede et købstilbud på 450 MEUR på Elmera

Fortums købstilbud på 450 MEUR på Elmera er blevet lanceret.

Fortum
Regulatory press release21.08.2026, 08.00

Fortum launches recommended voluntary cash tender offer to the shareholders of Elmera Group ASA and offer period commences

Fortum

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Markus Rauramo

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Karin Svenske Nyberg

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Tiina Tuomela

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Petra Lundström

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Peter Strannegård

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Nebahat Albayrak

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Kati Levoranta

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Simon-Erik Ollus

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Mikael Lemström

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Mikael Rönnblad

Fortum
Fortum Q2'26: Kvartalet var delvist en forspildt mulighed
Research22.07.2026, 07.00 by
Juha Kinnunen

Fortum Q2'26: Kvartalet var delvist en forspildt mulighed

I 2. kvartal tyngede produktionsudfordringer og en lavere optimeringspræmie end forventet Fortums resultat, som var svagt i forhold til omstændighederne. Udsigterne var stort set forventede, men et datacentre-boom er stadig ikke synligt i de nordiske el-futures.

Fortum
Fortum, Webcast, Q2'26
Webcast21.07.2026, 10.00

Fortum, Webcast, Q2'26

Fortum
Regulatory press release21.07.2026, 08.00

Fortum January-June 2026 Half-year Financial Report: Pursuing growth through the proposed Elmera acquisition - second-quarter result impacted by lower achieved power price

Fortum
Fortum Q2'26 preview: Estimatet tynger før Q2-regnskabsmeddelelsen
Research17.07.2026, 07.00 by
Juha Kinnunen

Fortum Q2'26 preview: Estimatet tynger før Q2-regnskabsmeddelelsen

På grund af lave vandstande vurderer vi, at vandkraftproduktionen forblev moderat i 2. kvartal, og der er fortsat udfordringer med atomkraftproduktionen.

Fortum
Fortum køber norske Elmera for cirka 450 MEUR
Analyst Comment29.06.2026, 08.00 by
Atte Riikola

Fortum køber norske Elmera for cirka 450 MEUR

Elmera er en norsk el-forhandler.

Fortum
Regulatory press release29.06.2026, 07.00

Inside information: Agreement between Elmera Group and Fortum on recommended voluntary cash tender offer to the shareholders of Elmera Group

Fortum
Press release17.06.2026, 13.00

Fortum will publish its January-June 2026 Half-year Financial Report on 21 July 2026

Fortum