(OUT1V) Outokumpu - HE
Sector: Basic Materials | Industry: Steel | Exchange: HE (Finland) | Market Cap: 2.774m EUR | Total Return: 75.8% in 12m
Avg Turnover: 8.44M
Qual. Beats: -1
Rev. Trend: -92.9%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -2.2 is critical
Below Avwap Earnings
Tailwinds
No distinct edge detected
Outokumpu Oyj is a Finland-based manufacturer specializing in stainless steel products and ferrochrome production. The company operates an integrated supply chain across Europe and the Americas, providing cold-rolled and hot-rolled coils, quarto plates, and specialized structural components for the automotive, energy, and heavy industry sectors.
The business model relies heavily on vertical integration, as Outokumpu owns the Kemi chrome mine, which secures a stable supply of ferrochrome-a critical raw material for stainless steel production. In the steel sector, profitability is often cyclical and sensitive to global nickel prices and energy costs in the European manufacturing hub.
The company has expanded its portfolio into high-growth segments, including nickel-based alloys for electric vehicles and specialized stainless steel powders for additive manufacturing. Those looking for more detailed financial metrics can further their research on ValueRay.
- Stainless steel demand and pricing volatility in European markets
- Ferrochrome production costs and global benchmark price fluctuations
- North American segment expansion and regional margin performance
- Energy price stability and carbon emission regulatory compliance costs
| Net Income: -125.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.80 > 1.0 |
| NWC/Revenue: 17.28% < 20% (prev 17.89%; Δ -0.61% < -1%) |
| CFO/TA 0.03 > 3% & CFO 174.0m > Net Income -125.0m |
| Net Debt (440.0m) to EBITDA (114.0m): 3.86 < 3 |
| Current Ratio: 1.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (471.3m) vs 12m ago 11.18% < -2% |
| Gross Margin: 3.69% > 18% (prev 3.86%; Δ -0.17% > 0.5%) |
| Asset Turnover: 91.49% > 50% (prev 100.3%; Δ -8.84% > 0%) |
| Interest Coverage Ratio: -2.20 > 6 (EBIT TTM -110.0m / Interest Expense TTM 50.0m) |
| A: 0.16 (Total Current Assets 2.61b - Total Current Liabilities 1.68b) / Total Assets 5.83b |
| B: 0.03 (Retained Earnings 188.0m / Total Assets 5.83b) |
| C: -0.02 (EBIT TTM -110.0m / Avg Total Assets 5.90b) |
| D: 1.40 (Book Value of Equity 3.40b / Total Liabilities 2.43b) |
| Altman-Z'' = 2.50 = A |
| DSRI: 0.98 (Receivables 550.0m/625.0m, Revenue 5.39b/5.99b) |
| GMI: 1.05 (GM 3.86% / 3.69%) |
| AQI: 1.03 (AQ_t 0.20 / AQ_t-1 0.20) |
| SGI: 0.90 (Revenue 5.39b / 5.99b) |
| TATA: -0.05 (NI -125.0m - CFO 174.0m) / TA 5.83b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at EUR 5.71 with a total of 1,960,848 shares traded.
Over the past week, the price has changed by -3.47%,
over one month by +3.16%,
over three months by +19.25% and
over the past year by +75.79%.
Outokumpu has no consensus analysts rating.
P/E Forward = 7.9114
P/S = 0.5142
P/B = 0.8347
P/EG = 2.1771
Revenue TTM = 5.39b EUR
EBIT TTM = -110.0m EUR
EBITDA TTM = 114.0m EUR
Long Term Debt = 363.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 106.0m EUR (from shortTermDebt, last quarter)
Debt = 818.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 199.0m
Net Debt = 440.0m EUR (calculated: Debt 818.0m - CCE 378.0m)
Enterprise Value = 3.21b EUR (2.77b + Debt 818.0m - CCE 378.0m)
Interest Coverage Ratio = -2.20 (Ebit TTM -110.0m / Interest Expense TTM 50.0m)
EV/FCF = 48.70x (Enterprise Value 3.21b / FCF TTM 66.0m)
FCF Yield = 2.05% (FCF TTM 66.0m / Enterprise Value 3.21b)
FCF Margin = 1.22% (FCF TTM 66.0m / Revenue TTM 5.39b)
Net Margin = -2.32% (Net Income TTM -125.0m / Revenue TTM 5.39b)
Gross Margin = 3.69% ((Revenue TTM 5.39b - Cost of Revenue TTM 5.20b) / Revenue TTM)
Gross Margin QoQ = 5.79% (prev 0.78%)
Tobins Q-Ratio = 0.55 (Enterprise Value 3.21b / Total Assets 5.83b)
Interest Expense / Debt = 6.11% (Interest Expense 50.0m / Debt 818.0m)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = -82.5m (EBIT -110.0m * (1 - 25.00%)) [loss with tax shield]
Current Ratio = 1.56 (Total Current Assets 2.61b / Total Current Liabilities 1.68b)
Debt / Equity = 0.24 (Debt 818.0m / totalStockholderEquity, last quarter 3.40b)
Debt / EBITDA = 3.86 (Net Debt 440.0m / EBITDA 114.0m)
Debt / FCF = 6.67 (Net Debt 440.0m / FCF TTM 66.0m)
Total Stockholder Equity = 3.44b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.12% (Net Income -125.0m / Total Assets 5.83b)
RoE = -3.63% (Net Income TTM -125.0m / Total Stockholder Equity 3.44b)
RoCE = -2.89% (EBIT -110.0m / Capital Employed (Equity 3.44b + L.T.Debt 363.0m))
RoIC = -2.07% (negative operating profit) (NOPAT -82.5m / Invested Capital 3.99b)
WACC = 7.91% (E(2.77b)/V(3.59b) * Re(8.89%) + D(818.0m)/V(3.59b) * Rd(6.11%) * (1-Tc(0.25)))
Discount Rate = 8.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 53.94 | Cagr: 3.79%
[DCF] Terminal Value 77.97% ; FCFF base≈47.6m ; Y1≈54.6m ; Y5≈80.3m
[DCF] Fair Price = 1.63 (EV 1.21b - Net Debt 440.0m = Equity 768.5m / Shares 471.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.28 | # QB: -1
Revenue Correlation: -92.85 | Revenue CAGR: -11.87% | SUE: 0.78 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.06 | Chg30d=-36.84% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.08 | Chg30d=-22.56% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.26 | Chg30d=+2.46% | Revisions=-20% | GrowthEPS=+256.6% | GrowthRev=+13.3%
EPS next Year (2027-12-31): EPS=0.51 | Chg30d=+0.06% | Revisions=-25% | GrowthEPS=+98.5% | GrowthRev=+8.3%
[Analyst] Revisions Ratio: -25%