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Outokumpu

4.85 EUR

-6.05 %

13,440 following

OUT1V

NASDAQ Helsinki

Metals & Mining

Basic Materials

-6.05 %
-2.18 %
+8.21 %
+18.94 %
+34.67 %
+26.18 %
-17.10 %
+15.57 %
-82.14 %

Outukumpu is a manufacturer of stainless steel and the group offers specialized solutions for various industrial purposes. The steel is used in tools, industrial infrastructure, and medical equipment. Customers are found on a global level, primarily in Europe and North America. Sales take place via global sales and service centers. The head office is located in Helsinki.

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Market cap
2.29B EUR
Turnover
6.15M EUR
P/E (adj.) (26e)
15.74
EV/EBIT (adj.) (26e)
11.46
P/B (26e)
0.63
EV/S (26e)
0.38
Dividend yield-% (26e)
3.09 %
Coverage
Recommendation
Accumulate
Target price
5.50 EUR
Updated
12.02.2026
Petri Gostowski
Petri Gostowski

Co. Head of Research

Latest research

Latest analysis report

Released: 12.02.2026

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
26.3
2026

General meeting '26

27.3
2026

Half year dividend

12.5
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
TL;DR New technology to enrich ferrochrome ore from 53% content → 65%. And further development that could potentially even yield pure chromium, which is currently produced mainly in Russia and Kazakhstan (from chromium oxide). Current ferrochrome is about 1200 per tonne, at 65% content...
2/26/2026, 1:44 PM
by Seinäkadun Keisari
20
The EU Commission has approved a legislative proposal, the ‘Industrial Accelerator Act’, regarding public procurement and public support schemes. A good addition alongside January’s CBAM directive and the tariff reform coming into effect this summer (zero-duty import quota halved...
3/4/2026, 1:11 PM
by Opa
19
If Outokumpu were to transition from being a ferrochrome producer to a pure chromium producer, the impact on Outokumpu’s earnings capacity would be dramatic. Outokumpu would transform from a capital-intensive cyclical commodity company into a capital-generating cyclical company. ...
3/3/2026, 11:00 AM
by Ledificazione
18
In my opinion, this upturn has not yet been fully priced in, and Outokumpu will continue its rise. The climb will, of course, be bumpy. According to forecasts, the European stainless steel market will grow at a CAGR of ~4.4–7% (depending on the source), and the value will rise from...
3/1/2026, 1:05 PM
by Ledificazione
16
Outokumpu is indeed in favor of the project, with the following development suggestions. Apparently, that third suggestion refers to the idea that EU requirements for components should also apply to the steel they contain. Outokumpu further encourages the Commission to introduce ...
3/4/2026, 3:08 PM
by Opa
13
Outokumpu is currently priced like an old-world steel company, but Project Moon gives it a genuine option to transform into a high-margin materials technology house – and this option is still almost free in the market. Realism: hype or a real breakthrough? Why would this be more ...
2/26/2026, 7:52 PM
by jukande
13
Quite a few stocks have a so-called hype premium, meaning future earnings are priced in. If the development is successful, these premiums are often still underestimated. It’s great that Outokumpu has moved—or rather, is moving—into this same league. You wouldn’t have expected it ...
3/1/2026, 9:29 AM
by eL Loskake
12
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