(FORTUM) Fortum - HE
Sector: Utilities | Industry: Utilities - Renewable | Exchange: HE (Finland) | Market Cap: 17.909m EUR | Total Return: 30.3% in 12m
Avg Turnover: 19.7M
EPS Trend: -92.2%
Qual. Beats: 0
Rev. Trend: -94.1%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Fortum Oyj is a Finnish energy utility company specializing in the generation, distribution, and sale of electricity and heat across the Nordic and Baltic regions. The company operates through three primary segments: Generation, Consumer Solutions, and Other Operations, with a strategic focus on low-carbon energy sources including hydro, nuclear, wind, and solar power.
The utility sector is increasingly defined by the transition to carbon-neutral production, where integrated providers like Fortum leverage diverse asset portfolios to balance intermittent renewable output with stable baseload power from nuclear and hydroelectric plants. Beyond traditional power generation, the company maintains a circular economy presence through battery recycling and industrial decarbonization services. Investors looking for deeper fundamental insights may find further analysis on ValueRay beneficial.
- Nordic power prices and hydro reservoir levels drive generation margins
- Nuclear fleet availability and life extension projects impact long-term output
- Decarbonization strategy focuses on low-carbon hydro and nuclear asset optimization
- Dividend policy and capital allocation depend on balance sheet deleveraging progress
| Net Income: 822.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -2.82 > 1.0 |
| NWC/Revenue: 43.81% < 20% (prev 75.30%; Δ -31.49% < -1%) |
| CFO/TA 0.05 > 3% & CFO 742.0m > Net Income 822.0m |
| Net Debt (1.57b) to EBITDA (1.45b): 1.08 < 3 |
| Current Ratio: 2.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (897.3m) vs 12m ago 0.0% < -2% |
| Gross Margin: 26.92% > 18% (prev 40.31%; Δ -13.39% > 0.5%) |
| Asset Turnover: 31.65% > 50% (prev 30.58%; Δ 1.07% > 0%) |
| Interest Coverage Ratio: 8.09 > 6 (EBIT TTM 1.14b / Interest Expense TTM 141.0m) |
| A: 0.15 (Total Current Assets 4.51b - Total Current Liabilities 2.17b) / Total Assets 16.0b |
| B: 0.38 (Retained Earnings 6.04b / Total Assets 16.0b) |
| C: 0.07 (EBIT TTM 1.14b / Avg Total Assets 16.9b) |
| D: 1.06 (Book Value of Equity 8.19b / Total Liabilities 7.72b) |
| Altman-Z'' = 3.76 = AA |
| DSRI: 0.74 (Receivables 1.08b/1.49b, Revenue 5.34b/5.43b) |
| GMI: 1.50 (GM 40.31% / 26.92%) |
| AQI: 1.13 (AQ_t 0.31 / AQ_t-1 0.27) |
| SGI: 0.98 (Revenue 5.34b / 5.43b) |
| TATA: 0.01 (NI 822.0m - CFO 742.0m) / TA 16.0b) |
| Beneish M = -2.72 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at EUR 19.96 with a total of 1,006,091 shares traded.
Over the past week, the price has changed by -2.63%,
over one month by -3.85%,
over three months by -9.89% and
over the past year by +30.26%.
Fortum has no consensus analysts rating.
P/E Trailing = 21.6957
P/E Forward = 18.1488
P/S = 3.3544
P/B = 2.1649
P/EG = 13.8952
Revenue TTM = 5.34b EUR
EBIT TTM = 1.14b EUR
EBITDA TTM = 1.45b EUR
Long Term Debt = 3.59b EUR (from longTermDebt, last quarter)
Short Term Debt = 276.0m EUR (from shortTermDebt, last quarter)
Debt = 4.05b EUR (from shortLongTermDebtTotal, last quarter) + Leases 102.0m
Net Debt = 1.57b EUR (calculated: Debt 4.05b - CCE 2.48b)
Enterprise Value = 19.5b EUR (17.9b + Debt 4.05b - CCE 2.48b)
Interest Coverage Ratio = 8.09 (Ebit TTM 1.14b / Interest Expense TTM 141.0m)
EV/FCF = 72.42x (Enterprise Value 19.5b / FCF TTM 269.0m)
FCF Yield = 1.38% (FCF TTM 269.0m / Enterprise Value 19.5b)
FCF Margin = 5.04% (FCF TTM 269.0m / Revenue TTM 5.34b)
Net Margin = 15.40% (Net Income TTM 822.0m / Revenue TTM 5.34b)
Gross Margin = 26.92% ((Revenue TTM 5.34b - Cost of Revenue TTM 3.90b) / Revenue TTM)
Gross Margin QoQ = 40.26% (prev 2.49%)
Tobins Q-Ratio = 1.22 (Enterprise Value 19.5b / Total Assets 16.0b)
Interest Expense / Debt = 3.48% (Interest Expense 141.0m / Debt 4.05b)
Taxrate = 18.69% (189.0m / 1.01b)
NOPAT = 927.7m (EBIT 1.14b * (1 - 18.69%))
Current Ratio = 2.08 (Total Current Assets 4.51b / Total Current Liabilities 2.17b)
Debt / Equity = 0.49 (Debt 4.05b / totalStockholderEquity, last quarter 8.19b)
Debt / EBITDA = 1.08 (Net Debt 1.57b / EBITDA 1.45b)
Debt / FCF = 5.84 (Net Debt 1.57b / FCF TTM 269.0m)
Total Stockholder Equity = 8.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.87% (Net Income 822.0m / Total Assets 16.0b)
RoE = 9.94% (Net Income TTM 822.0m / Total Stockholder Equity 8.27b)
RoCE = 9.62% (EBIT 1.14b / Capital Employed (Equity 8.27b + L.T.Debt 3.59b))
RoIC = 6.71% (NOPAT 927.7m / Invested Capital 13.8b)
WACC = 5.82% (E(17.9b)/V(22.0b) * Re(6.49%) + D(4.05b)/V(22.0b) * Rd(3.48%) * (1-Tc(0.19)))
Discount Rate = 6.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -14.91 | Cagr: 0.0%
[DCF] Terminal Value 73.10% ; FCFF base≈481.0m ; Y1≈421.8m ; Y5≈340.8m
[DCF] Fair Price = 4.35 (EV 5.47b - Net Debt 1.57b = Equity 3.90b / Shares 897.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -92.16 | EPS CAGR: -18.73% | SUE: 0.37 | # QB: 0
Revenue Correlation: -94.15 | Revenue CAGR: -17.41% | SUE: -0.15 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=-5.10% | Revisions=-25% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.12 | Chg30d=-6.45% | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=-0.96% | Revisions=-8% | GrowthEPS=+26.7% | GrowthRev=+11.2%
EPS next Year (2027-12-31): EPS=0.93 | Chg30d=+0.55% | Revisions=+60% | GrowthEPS=-10.2% | GrowthRev=-4.6%
[Analyst] Revisions Ratio: +60%