Outokumpu Oyj

DB:OUTA Stock Report

Market Cap: €1.4b

Outokumpu Oyj Valuation

Is OUTA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OUTA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OUTA (€3.2) is trading below our estimate of fair value (€5.98)

Significantly Below Fair Value: OUTA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OUTA?

Key metric: As OUTA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for OUTA. This is calculated by dividing OUTA's market cap by their current revenue.
What is OUTA's PS Ratio?
PS Ratio0.2x
Sales€6.05b
Market Cap€1.36b

Price to Sales Ratio vs Peers

How does OUTA's PS Ratio compare to its peers?

The above table shows the PS ratio for OUTA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
SZG Salzgitter
0.09x2.1%€942.2m
TKA thyssenkrupp
0.07x0.3%€2.4b
NDA Aurubis
0.2x4.2%€3.4b
LXS LANXESS
0.3x2.8%€2.0b
OUTA Outokumpu Oyj
0.2x5.6%€1.4b

Price-To-Sales vs Peers: OUTA is expensive based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does OUTA's PS Ratio compare vs other companies in the European Metals and Mining Industry?

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
OUTA 0.2xIndustry Avg. 0.7xNo. of Companies35PS00.81.62.43.24+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: OUTA is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is OUTA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OUTA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: OUTA is expensive based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OUTA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.20
€3.85
+20.2%
11.1%€4.50€3.10n/a11
Nov ’25€3.26
€3.95
+21.1%
10.4%€4.50€3.20n/a11
Oct ’25€3.60
€4.03
+12.0%
11.5%€4.70€3.50n/a10
Sep ’25n/a
€4.03
0%
11.5%€4.70€3.50n/a10
Aug ’25n/a
€4.21
0%
11.7%€4.80€3.60n/a10
Jul ’25n/a
€4.29
0%
11.6%€5.10€3.40n/a10
Jun ’25n/a
€4.44
0%
16.4%€6.00€3.40n/a10
May ’25€3.76
€4.68
+24.4%
15.0%€6.00€3.50n/a10
Apr ’25€4.05
€4.78
+18.0%
12.6%€6.00€4.00n/a10
Mar ’25€4.08
€4.69
+14.9%
14.7%€6.00€3.60n/a11
Feb ’25€3.92
€4.65
+18.5%
16.2%€6.00€3.60n/a11
Jan ’25€4.53
€4.65
+2.5%
17.8%€6.00€3.60n/a11
Dec ’24€4.34
€4.61
+6.3%
20.7%€6.50€3.40n/a12
Nov ’24€3.76
€4.99
+32.6%
20.6%€7.50€3.60€3.2612
Oct ’24n/a
€5.50
0%
15.6%€7.50€4.30€3.6012
Sep ’24€4.14
€6.02
+45.2%
17.6%€7.50€4.40n/a12
Aug ’24€4.69
€6.28
+33.9%
18.7%€8.00€4.40n/a12
Jul ’24€4.98
€6.47
+29.9%
15.9%€8.00€4.50n/a12
Jun ’24€5.09
€6.50
+27.8%
16.3%€8.00€4.50n/a12
May ’24€4.97
€6.02
+21.1%
18.8%€7.50€4.00€3.7612
Apr ’24n/a
€5.97
0%
19.3%€7.50€4.00€4.0512
Mar ’24€5.68
€5.81
+2.3%
18.6%€7.50€4.00€4.0812
Feb ’24€5.24
€5.55
+6.0%
21.2%€7.50€4.00€3.9212
Jan ’24€4.73
€5.35
+13.1%
20.0%€7.50€3.90€4.5313
Dec ’23n/a
€5.32
0%
20.5%€7.50€3.90€4.3413
Nov ’23€4.06
€5.24
+29.0%
23.8%€7.50€3.70€3.7613

Analyst Forecast: Target price is less than 20% higher than the current share price.

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