F

Fortum Oyj
OMXH:FORTUM

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Fortum Oyj
OMXH:FORTUM
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Price: 14.225 EUR -1.9% Market Closed
Market Cap: 12.8B EUR
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Intrinsic Value

The intrinsic value of one FORTUM stock under the Base Case scenario is 11.687 EUR. Compared to the current market price of 14.225 EUR, Fortum Oyj is Overvalued by 18%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

FORTUM Intrinsic Value
11.687 EUR
Overvaluation 18%
Intrinsic Value
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Fortum Oyj

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Fortum Oyj

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Business Breakdown

Once a regional powerhouse in the Nordic energy sector, Fortum Oyj has evolved into a significant player in the transition to sustainable energy. Founded in 1998 and headquartered in Espoo, Finland, the company has built a formidable portfolio encompassing electricity generation, heat, and related services across Europe and Asia. With a strong focus on sustainability, Fortum has made considerable investments in renewable energy sources, particularly hydropower, wind, and solar, positioning itself as a leader in the shift towards greener alternatives. This strategic pivot reflects not just a response to global climate challenges but also an opportunity to capitalize on growing demand for clea...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Fortum Oyj

Current Assets 6.4B
Cash & Short-Term Investments 4.1B
Receivables 1.5B
Other Current Assets 853m
Non-Current Assets 11.4B
Long-Term Investments 2.3B
PP&E 6.6B
Intangibles 619m
Other Non-Current Assets 1.9B
Current Liabilities 2.4B
Accounts Payable 1.2B
Short-Term Debt 384m
Other Current Liabilities 729m
Non-Current Liabilities 7B
Long-Term Debt 4.8B
Other Non-Current Liabilities 2.1B
Efficiency

Earnings Waterfall
Fortum Oyj

Revenue
6.3B EUR
Cost of Revenue
-3.6B EUR
Gross Profit
2.7B EUR
Operating Expenses
-1.4B EUR
Operating Income
1.3B EUR
Other Expenses
-61m EUR
Net Income
1.3B EUR

Free Cash Flow Analysis
Fortum Oyj

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Fortum faced a challenging first quarter in 2024 with a decline in comparable EBITDA to EUR 622 million and operating profit to EUR 530 million, attributed primarily to lower spot and hedge prices. Despite these setbacks, the company saw an increase in net cash from operating activities to EUR 538 million due to favorable changes in working capital. The Consumer Solutions segment showed recovery with improved electricity sales margins. The company continues to invest in clean energy, shutting down its last coal unit in Espoo and advancing the Pjelax wind farm. Fortum maintains an annual optimization premium guidance of EUR 6-8 per MWh, despite a strong double-digit figure this quarter.

What is Earnings Call?
Fundamental Scores

FORTUM Profitability Score
Profitability Due Diligence

Fortum Oyj's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

32/100
Profitability
Score

Fortum Oyj's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

FORTUM Solvency Score
Solvency Due Diligence

Fortum Oyj's solvency score is 50/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Low D/E
Long-Term Solvency
Positive Net Debt
50/100
Solvency
Score

Fortum Oyj's solvency score is 50/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

FORTUM Price Targets Summary
Fortum Oyj

Wall Street analysts forecast FORTUM stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FORTUM is 14.192 EUR with a low forecast of 11.11 EUR and a high forecast of 17.85 EUR.

Lowest
Price Target
11.11 EUR
22% Downside
Average
Price Target
14.192 EUR
0% Downside
Highest
Price Target
17.85 EUR
25% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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Safe
0
25
50
75
100
Shareholder Yield

Current shareholder yield for FORTUM is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
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Average
Highest

Profile

Fortum Oyj

Country

Finland

Industry

Utilities

Market Cap

12.8B EUR

Dividend Yield

8.08%

Description

Fortum Oyj engages in the generation, distribution, and sale of electricity and heat, as well as operation and maintenance of power plants. The company is headquartered in Espoo, Etela-Suomen and currently employs 19,260 full-time employees. The firm provides its customers with electricity, gas, heating and cooling services. Its reportable segments are Generation, Russia, City Solutions, Consumer Solutions and Uniper. The Generation segment comprises nuclear, hydro, wind, and thermal power generation, as well as power portfolio optimisation, trading, industrial intelligence, and global nuclear services. The Russia segment comprises power and heat generation and sales in Russia. The City Solutions is responsible for sustainable solutions for urban areas and comprises heating, cooling. The Consumer Solutions is responsible for the electricity and gas retail businesses in the Nordics, Poland and Spain, including the customer service and invoicing businesses and The Uniper segment, where Uniper is an international energy company and its business is the secure provision of energy and related services in Europe and Russia. The firm operates worldwide.

Contact

ETELA-SUOMEN
Espoo
Keilaniementie 2-4, CD building
+358104511.0
www.fortum.com

IPO

1998-12-18

Employees

19 260

Officers

President & CEO
Mr. Markus Heikki-Erdem Rauramo
Chief Financial Officer
Ms. Tiina Marjukka Tuomela M.Sc. (Eng.), MBA
Head of Corporate Financial Services Unit
Mr. Ensio Väisänen
Vice President of Investor Relations & Financial Communications
Ms. Ingela Ulfves M.Sc. (Econ.)
Executive VP of Legal, General Counsel & Secretary of the Board of Directors
Ms. Nora Steiner-Forsberg L.L.M.
Head of Publicity & Communications
Ms. Heli Kurki
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Executive Vice President of People & Procurement
Ms. Eveliina Dahl M.Sc.
Head of the Russia Division
Mr. Alexander Anatolyevich Chuvaev MSc (Eng)
Executive Vice President of Consumer Solutions
Mr. Mikael Rönnblad M.Sc. (Econ.)
Chief Transformation Officer
Dr. Bernhard Peter Gunther
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See Also

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What is the Intrinsic Value of one FORTUM stock?

The intrinsic value of one FORTUM stock under the Base Case scenario is 11.687 EUR.

Is FORTUM stock undervalued or overvalued?

Compared to the current market price of 14.225 EUR, Fortum Oyj is Overvalued by 18%.

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