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OUT1

Outokumpu Oyj HLSE:OUT1V Stock Report

Last Price

€3.58

Market Cap

€1.6b

7D

-2.9%

1Y

-33.0%

Updated

24 Sep, 2022

Data

Company Financials +
OUT1V fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends3/6

OUT1V Stock Overview

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally.

Outokumpu Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Outokumpu Oyj
Historical stock prices
Current Share Price€3.58
52 Week High€6.54
52 Week Low€3.52
Beta1.5
1 Month Change-11.83%
3 Month Change-13.37%
1 Year Change-32.96%
3 Year Change45.28%
5 Year Change-59.23%
Change since IPO-98.67%

Recent News & Updates

Sep 13
An Intrinsic Calculation For Outokumpu Oyj (HEL:OUT1V) Suggests It's 28% Undervalued

An Intrinsic Calculation For Outokumpu Oyj (HEL:OUT1V) Suggests It's 28% Undervalued

Today we will run through one way of estimating the intrinsic value of Outokumpu Oyj ( HEL:OUT1V ) by estimating the...

Aug 22
We Ran A Stock Scan For Earnings Growth And Outokumpu Oyj (HEL:OUT1V) Passed With Ease

We Ran A Stock Scan For Earnings Growth And Outokumpu Oyj (HEL:OUT1V) Passed With Ease

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Jul 31
Does Outokumpu Oyj (HEL:OUT1V) Have A Healthy Balance Sheet?

Does Outokumpu Oyj (HEL:OUT1V) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

OUT1VFI Metals and MiningFI Market
7D-2.9%-3.6%-5.8%
1Y-33.0%-18.6%-21.6%

Return vs Industry: OUT1V underperformed the Finnish Metals and Mining industry which returned -18.6% over the past year.

Return vs Market: OUT1V underperformed the Finnish Market which returned -21.6% over the past year.

Price Volatility

Is OUT1V's price volatile compared to industry and market?
OUT1V volatility
OUT1V Average Weekly Movement5.2%
Metals and Mining Industry Average Movement7.0%
Market Average Movement5.1%
10% most volatile stocks in FI Market8.2%
10% least volatile stocks in FI Market3.4%

Stable Share Price: OUT1V is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: OUT1V's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19109,173Heikki Malinenhttps://www.outokumpu.com

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; precise components, including welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, press plates, roll shells, and blancs and disks; semi-finished stainless steel long products comprising billets and blooms, forged and rolled billets, cast slabs, ingots, and rebar; and stainless steel wire rods, wires, and bars. Its products are used in various applications, including commercial kitchen, cooking, food industry, and home appliances; automotive and transportation; building and infrastructure; energy and marine; and heavy industries.

Outokumpu Oyj Fundamentals Summary

How do Outokumpu Oyj's earnings and revenue compare to its market cap?
OUT1V fundamental statistics
Market Cap€1.62b
Earnings (TTM)€977.00m
Revenue (TTM)€9.88b

1.7x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OUT1V income statement (TTM)
Revenue€9.88b
Cost of Revenue€8.34b
Gross Profit€1.54b
Other Expenses€562.00m
Earnings€977.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 03, 2022

Earnings per share (EPS)2.16
Gross Margin15.58%
Net Profit Margin9.89%
Debt/Equity Ratio19.3%

How did OUT1V perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

7%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is OUT1V undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OUT1V?

Other financial metrics that can be useful for relative valuation.

OUT1V key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA1.3x
PEG Ratio-0.04x

Price to Earnings Ratio vs Peers

How does OUT1V's PE Ratio compare to its peers?

OUT1V PE Ratio vs Peers
The above table shows the PE ratio for OUT1V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.8x
AFAGR Afarak Group
3.7xn/a€85.0m
KEMIRA Kemira Oyj
13.5x5.1%€1.8b
METSB Metsä Board Oyj
7.3x-10.6%€2.7b
HUH1V Huhtamäki Oyj
14.9x5.6%€3.4b
OUT1V Outokumpu Oyj
1.7x-43.6%€1.6b

Price-To-Earnings vs Peers: OUT1V is good value based on its Price-To-Earnings Ratio (1.7x) compared to the peer average (9.8x).


Price to Earnings Ratio vs Industry

How does OUT1V's PE Ratio compare vs other companies in the European Metals and Mining Industry?

Price-To-Earnings vs Industry: OUT1V is good value based on its Price-To-Earnings Ratio (1.7x) compared to the European Metals and Mining industry average (4.5x)


Price to Earnings Ratio vs Fair Ratio

What is OUT1V's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OUT1V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.7x
Fair PE Ratio3.9x

Price-To-Earnings vs Fair Ratio: OUT1V is good value based on its Price-To-Earnings Ratio (1.7x) compared to the estimated Fair Price-To-Earnings Ratio (3.9x).


Share Price vs Fair Value

What is the Fair Price of OUT1V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OUT1V (€3.58) is trading below our estimate of fair value (€5.56)

Significantly Below Fair Value: OUT1V is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Outokumpu Oyj forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-43.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OUT1V's earnings are forecast to decline over the next 3 years (-43.6% per year).

Earnings vs Market: OUT1V's earnings are forecast to decline over the next 3 years (-43.6% per year).

High Growth Earnings: OUT1V's earnings are forecast to decline over the next 3 years.

Revenue vs Market: OUT1V's revenue is expected to decline over the next 3 years (-12.9% per year).

High Growth Revenue: OUT1V's revenue is forecast to decline over the next 3 years (-12.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OUT1V's Return on Equity is forecast to be low in 3 years time (6.6%).


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Past Performance

How has Outokumpu Oyj performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OUT1V has high quality earnings.

Growing Profit Margin: OUT1V's current net profit margins (9.9%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: OUT1V's earnings have grown by 11.8% per year over the past 5 years.

Accelerating Growth: OUT1V's earnings growth over the past year (780.2%) exceeds its 5-year average (11.8% per year).

Earnings vs Industry: OUT1V earnings growth over the past year (780.2%) exceeded the Metals and Mining industry 73.9%.


Return on Equity

High ROE: OUT1V's Return on Equity (24.8%) is considered high.


Discover strong past performing companies

Financial Health

How is Outokumpu Oyj's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OUT1V's short term assets (€4.2B) exceed its short term liabilities (€2.8B).

Long Term Liabilities: OUT1V's short term assets (€4.2B) exceed its long term liabilities (€860.0M).


Debt to Equity History and Analysis

Debt Level: OUT1V's net debt to equity ratio (7.3%) is considered satisfactory.

Reducing Debt: OUT1V's debt to equity ratio has reduced from 53.7% to 19.3% over the past 5 years.

Debt Coverage: OUT1V's debt is well covered by operating cash flow (107%).

Interest Coverage: OUT1V's interest payments on its debt are well covered by EBIT (27.5x coverage).


Balance Sheet


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Dividend

What is Outokumpu Oyj current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.19%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OUT1V's dividend (4.19%) is higher than the bottom 25% of dividend payers in the Finnish market (2.85%).

High Dividend: OUT1V's dividend (4.19%) is low compared to the top 25% of dividend payers in the Finnish market (5.42%).


Stability and Growth of Payments

Stable Dividend: OUT1V has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: OUT1V's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (7%), OUT1V's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (10%), OUT1V's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Heikki Malinen (60 yo)

2.33yrs

Tenure

€795,840

Compensation

Mr. Heikki Malinen, M.Sc (Econ.), MBA (Harvard), has been President and Chief Executive Officer of Outokumpu Oyj since May 15, 2020 and is responsible for Group management, legal and compliance, safety and...


CEO Compensation Analysis

Compensation vs Market: Heikki's total compensation ($USD773.79K) is below average for companies of similar size in the Finnish market ($USD1.31M).

Compensation vs Earnings: Heikki's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OUT1V's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: OUT1V's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 53.59% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.64%
Solidium Oy
70,793,208€253.7m0%2.96%
4.97%
Goldman Sachs Group, Investment Banking and Securities Investments
22,484,220€80.6m0%0.05%
3.78%
Varma Mutual Pension Insurance Company, Asset Management Arm
17,133,403€61.4m0%0.59%
3.77%
Norges Bank Investment Management
17,085,268€61.2m0%0.01%
3.13%
Dimensional Fund Advisors LP
14,173,207€50.8m3.12%0.01%
2.65%
Ilmarinen Pension Insurance Co. Ltd, Asset Management Arm
12,010,453€43.0m0%0.42%
2.49%
The Vanguard Group, Inc.
11,264,830€40.4m0.85%no data
2.29%
Schroder Investment Management Limited
10,387,003€37.2m0%0.03%
2.05%
Social Insurance Institution of Finland, Asset Management Arm
9,298,652€33.3m0%3.56%
2.02%
M&G Investment Management Limited
9,126,650€32.7m-12.79%0.07%
1.71%
SP-Rahastoyhtiö Oy
7,749,709€27.8m0%1.8%
1.21%
Nordea Investment Management AB
5,483,774€19.7m0%0.02%
1.13%
LocalTapiola Asset Management Ltd
5,112,988€18.3m0%1.73%
0.97%
The State Pension Fund (VER)
4,400,000€15.8m0%1.19%
0.87%
Sampo Oyj, Asset Management Arm
3,940,232€14.1m0%1.22%
0.8%
Danske Capital AS
3,610,000€12.9m0%0.1%
0.62%
AG2R LA MONDIALE GESTION d'ACTIFS
2,796,534€10.0m0%0.52%
0.55%
Oberweis Asset Management, Inc.
2,491,576€8.9m-11.06%0.66%
0.47%
Evli Fund Management Company Ltd.
2,150,000€7.7m0%1.84%
0.45%
J.P. Morgan Asset Management, Inc.
2,043,098€7.3m0%no data
0.44%
Hannu-Jukka Helander
1,984,470€7.1m0%no data
0.43%
Candriam Luxembourg S.A.
1,925,941€6.9m669.46%0.02%
0.4%
American Century Investment Management Inc
1,800,592€6.5m36.97%no data
0.38%
Fidelity International Ltd
1,697,963€6.1m0%no data
0.36%
Sinituote Oy
1,643,560€5.9m0%no data

Company Information

Outokumpu Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Outokumpu Oyj
  • Ticker: OUT1V
  • Exchange: HLSE
  • Founded: 1910
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: €1.623b
  • Shares outstanding: 452.71m
  • Website: https://www.outokumpu.com

Number of Employees


Location

  • Outokumpu Oyj
  • Salmisaarenranta 11
  • Helsinki
  • Uusimaa
  • 180
  • Finland


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OUT1VHLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEURJan 1994
OUTAXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1994
OUTF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1994
0FJ8LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1994
OUTADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1994
OUT1VHBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1994
OUTK.YOTCPK (Pink Sheets LLC)ADR NEWUSUSDOct 2008

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.