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ORNB

Orion Oyj HLSE:ORNBV Stock Report

Last Price

€44.24

Market Cap

€6.2b

7D

4.3%

1Y

30.6%

Updated

05 Oct, 2022

Data

Company Financials +
ORNBV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends3/6

ORNBV Stock Overview

Orion Oyj develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients (APIs) in Finland, Scandinavia, other European countries, North America, and internationally.

Orion Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Orion Oyj
Historical stock prices
Current Share Price€44.24
52 Week High€49.69
52 Week Low€33.37
Beta0.50
1 Month Change-0.70%
3 Month Change2.15%
1 Year Change30.62%
3 Year Change35.58%
5 Year Change14.23%
Change since IPO218.27%

Recent News & Updates

Sep 22
Orion Oyj (HEL:ORNBV) Seems To Use Debt Quite Sensibly

Orion Oyj (HEL:ORNBV) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Jul 21
This Just In: Analysts Are Boosting Their Orion Oyj (HEL:ORNBV) Outlook for This Year

This Just In: Analysts Are Boosting Their Orion Oyj (HEL:ORNBV) Outlook for This Year

Shareholders in Orion Oyj ( HEL:ORNBV ) may be thrilled to learn that the analysts have just delivered a major upgrade...

Shareholder Returns

ORNBVFI PharmaceuticalsFI Market
7D4.3%4.1%4.3%
1Y30.6%1.1%-14.8%

Return vs Industry: ORNBV exceeded the Finnish Pharmaceuticals industry which returned 1.1% over the past year.

Return vs Market: ORNBV exceeded the Finnish Market which returned -14.8% over the past year.

Price Volatility

Is ORNBV's price volatile compared to industry and market?
ORNBV volatility
ORNBV Average Weekly Movement4.0%
Pharmaceuticals Industry Average Movement5.5%
Market Average Movement5.2%
10% most volatile stocks in FI Market8.1%
10% least volatile stocks in FI Market3.5%

Stable Share Price: ORNBV is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ORNBV's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19173,613Timo Lappalainenhttps://www.orion.fi

Orion Oyj develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients (APIs) in Finland, Scandinavia, other European countries, North America, and internationally. It provides prescription drugs and self-care products, including Nubeqa for the treatment of prostate cancer; dexdor and Precedex for intensive care sedative; Stalevo and Comtess/Comtan for Parkinson’s disease; Simdax for acute decompensated heart failure; and Fareston for breast cancer, as well as Salmeterol/fluticasone Easyhaler, Budesonide/formoterol Easyhaler, Formoterol Easyhaler, Budesonide Easyhaler, Beclomet Easyhaler, and Buventol Easyhaler drugs for the treatment of asthma and chronic obstructive pulmonary disease. The company also offers veterinary drugs comprising Bonqat, Clevor, Domosedan, Domitor, Antisedan, Dexdomitor, Domosedan Gel, Sileo, and Tessie; and APIs for generic and proprietary drugs, as well as provides contract manufacturing services.

Orion Oyj Fundamentals Summary

How do Orion Oyj's earnings and revenue compare to its market cap?
ORNBV fundamental statistics
Market Cap€6.23b
Earnings (TTM)€201.70m
Revenue (TTM)€1.07b

30.8x

P/E Ratio

5.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ORNBV income statement (TTM)
Revenue€1.07b
Cost of Revenue€449.50m
Gross Profit€622.20m
Other Expenses€420.50m
Earnings€201.70m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 20, 2022

Earnings per share (EPS)1.44
Gross Margin58.06%
Net Profit Margin18.82%
Debt/Equity Ratio27.1%

How did ORNBV perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

105%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 ORNBV?

Other financial metrics that can be useful for relative valuation.

ORNBV 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/Revenue6x
Enterprise Value/EBITDA22x
PEG Ratio8.9x

Price to Earnings Ratio vs Peers

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

ORNBV PE Ratio vs Peers
The above table shows the PE ratio for ORNBV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.5x
OGN Organon
5.9x4.8%US$6.5b
500420 Torrent Pharmaceuticals
67.3x21.9%₹538.8b
874 Guangzhou Baiyunshan Pharmaceutical Holdings
6.6x0.9%HK$44.0b
000999 China Resources Sanjiu Medical & Pharmaceutical
18x14.4%CN¥38.0b
ORNBV Orion Oyj
30.8x3.5%€6.2b

Price-To-Earnings vs Peers: ORNBV is expensive based on its Price-To-Earnings Ratio (30.8x) compared to the peer average (24.5x).


Price to Earnings Ratio vs Industry

How does ORNBV's PE Ratio compare vs other companies in the European Pharmaceuticals Industry?

Price-To-Earnings vs Industry: ORNBV is expensive based on its Price-To-Earnings Ratio (30.8x) compared to the European Pharmaceuticals industry average (18.6x)


Price to Earnings Ratio vs Fair Ratio

What is ORNBV'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.

ORNBV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ORNBV's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: ORNBV (€44.24) is trading below our estimate of fair value (€67.87)

Significantly Below Fair Value: ORNBV 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 lower than the current share price.


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Future Growth

How is Orion Oyj forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORNBV's forecast earnings growth (3.5% per year) is above the savings rate (0.2%).

Earnings vs Market: ORNBV's earnings (3.5% per year) are forecast to grow slower than the Finnish market (6.9% per year).

High Growth Earnings: ORNBV's earnings are forecast to grow, but not significantly.

Revenue vs Market: ORNBV's revenue (5.4% per year) is forecast to grow faster than the Finnish market (2% per year).

High Growth Revenue: ORNBV's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ORNBV's Return on Equity is forecast to be high in 3 years time (29.9%)


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Past Performance

How has Orion Oyj performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-1.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ORNBV has high quality earnings.

Growing Profit Margin: ORNBV's current net profit margins (18.8%) are higher than last year (18.7%).


Past Earnings Growth Analysis

Earnings Trend: ORNBV's earnings have declined by 1.2% per year over the past 5 years.

Accelerating Growth: ORNBV's earnings growth over the past year (4.8%) exceeds its 5-year average (-1.2% per year).

Earnings vs Industry: ORNBV earnings growth over the past year (4.8%) underperformed the Pharmaceuticals industry 19.1%.


Return on Equity

High ROE: ORNBV's Return on Equity (26.9%) is considered high.


Discover strong past performing companies

Financial Health

How is Orion 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: ORNBV's short term assets (€624.8M) exceed its short term liabilities (€235.9M).

Long Term Liabilities: ORNBV's short term assets (€624.8M) exceed its long term liabilities (€285.0M).


Debt to Equity History and Analysis

Debt Level: ORNBV's net debt to equity ratio (15.6%) is considered satisfactory.

Reducing Debt: ORNBV's debt to equity ratio has reduced from 27.2% to 27.1% over the past 5 years.

Debt Coverage: ORNBV's debt is well covered by operating cash flow (97.6%).

Interest Coverage: ORNBV earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Orion 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


3.39%

Current Dividend Yield

Dividend Yield vs Market

Orion Oyj Dividend Yield vs Market
How does Orion Oyj dividend yield compare to the market?
SegmentDividend Yield
Company (Orion Oyj)3.4%
Market Bottom 25% (FI)2.8%
Market Top 25% (FI)5.4%
Industry Average (Pharmaceuticals)2.8%
Analyst forecast in 3 Years (Orion Oyj)3.7%

Notable Dividend: ORNBV's dividend (3.39%) is higher than the bottom 25% of dividend payers in the Finnish market (2.8%).

High Dividend: ORNBV's dividend (3.39%) is low compared to the top 25% of dividend payers in the Finnish market (5.39%).


Stability and Growth of Payments

Stable Dividend: ORNBV's dividends per share have been stable in the past 10 years.

Growing Dividend: ORNBV's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (104.5%), ORNBV's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (189.4%), ORNBV's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

12.1yrs

Average management tenure


CEO

Timo Lappalainen (60 yo)

14.75yrs

Tenure

€2,626,048

Compensation

Mr. Timo Lappalainen, M.Sc. (Ind. Eng.), has been the Chief Executive Officer and President of Orion Oyj (Formerly, Orion Corporation) since January 1, 2008. Mr. Lappalainen has been the Chairman of the Ex...


CEO Compensation Analysis

Timo Lappalainen's Compensation vs Orion Oyj Earnings
How has Timo Lappalainen's remuneration changed compared to Orion Oyj's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€202m

Mar 31 2022n/an/a

€192m

Dec 31 2021€3m€524k

€194m

Sep 30 2021n/an/a

€187m

Jun 30 2021n/an/a

€192m

Mar 31 2021n/an/a

€212m

Dec 31 2020€2m€497k

€220m

Sep 30 2020n/an/a

€240m

Jun 30 2020n/an/a

€260m

Mar 31 2020n/an/a

€225m

Dec 31 2019n/an/a

€200m

Sep 30 2019n/an/a

€209m

Jun 30 2019n/an/a

€172m

Mar 31 2019n/an/a

€187m

Dec 31 2018€1m€484k

€197m

Sep 30 2018n/an/a

€198m

Jun 30 2018n/an/a

€206m

Mar 31 2018n/an/a

€206m

Dec 31 2017€2m€473k

€219m

Compensation vs Market: Timo's total compensation ($USD2.59M) is about average for companies of similar size in the Finnish market ($USD2.51M).

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


Leadership Team

Experienced Management: ORNBV's management team is seasoned and experienced (12.1 years average tenure).


Board Members

Experienced Board: ORNBV's board of directors are considered experienced (4 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

What is the ownership structure of ORNBV?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders3,586,1242.6%
Private Companies3,646,3062.6%
Institutions43,218,80930.8%
General Public89,971,76764.1%

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


Top Shareholders

Top 25 shareholders own 28.9% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
5.01%
BlackRock, Inc.
7,037,827€311.4m0%0.01%
2.83%
The Vanguard Group, Inc.
3,967,289€175.5m1.95%no data
2.09%
Ilmarinen Pension Insurance Co. Ltd, Asset Management Arm
2,940,305€130.1m0%1.27%
1.88%
Norges Bank Investment Management
2,641,372€116.9m0%0.02%
1.85%
Etola Oy
2,597,806€114.9m0%no data
1.39%
Dimensional Fund Advisors LP
1,946,083€86.1m2.28%0.02%
1.19%
Elo Mutual Pension Insurance Company, Asset Management Arm
1,669,655€73.9m0%1.67%
1.12%
Social Insurance Institution of Finland, Asset Management Arm
1,576,368€69.7m0%6.96%
1%
Amundi Asset Management
1,401,958€62.0m16.73%0.02%
0.99%
Jukka Ylppö
1,394,865€61.7m0%no data
0.92%
Handelsbanken Asset Management
1,286,810€56.9m0%0.12%
0.89%
Opstock Asset Management
1,256,200€55.6m0%15.4%
0.75%
Tukinvest Oy
1,048,500€46.4m0%no data
0.74%
Maa- ja Vesitekniikan Tuki ry., Endowment Arm
1,034,860€45.8m0%81.1%
0.7%
Nordea Investment Management AB
976,010€43.2m27.1%0.04%
0.69%
J.P. Morgan Asset Management, Inc.
968,685€42.9m-0.12%0.01%
0.68%
Xact Kapitalförvaltning AB
957,635€42.4m0%0.4%
0.68%
The State Pension Fund (VER)
950,000€42.0m0%3.45%
0.63%
Varma Mutual Pension Insurance Company, Asset Management Arm
889,397€39.3m0%0.38%
0.58%
Into Ylppo
818,136€36.2m0%no data
0.57%
UBS Asset Management
797,909€35.3m-2.22%0.01%
0.56%
Deka Investment GmbH
784,964€34.7m0.04%0.05%
0.44%
Geode Capital Management, LLC
612,629€27.1m0.63%no data
0.41%
Eija Ronkainen
574,630€25.4m0%no data
0.32%
SEI Investments Company
445,688€19.7m-0.25%0.03%

Company Information

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


Key Information

  • Name: Orion Oyj
  • Ticker: ORNBV
  • Exchange: HLSE
  • Founded: 1917
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Implied Market Cap: €6.230b
  • Shares outstanding: 140.42m
  • Website: https://www.orion.fi

Number of Employees


Location

  • Orion Oyj
  • Orionintie 1A
  • Espoo
  • Uusimaa
  • 2200
  • Finland


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORNAVHLSE (OMX Nordic Exchange Helsinki)Class A SharesFIEURJul 2006
ORNBVHLSE (OMX Nordic Exchange Helsinki)YesClass B SharesFIEURJul 2006
OFKDB (Deutsche Boerse AG)YesClass B SharesDEEURJul 2006
0M2NLSE (London Stock Exchange)Class A SharesGBEURJul 2006
0M2OLSE (London Stock Exchange)YesClass B SharesGBEURJul 2006
ORIN.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDJul 2006
ORNBVHBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBEURJul 2006
ORNAVHBATS-CHIXE (BATS 'Chi-X Europe')Class A SharesGBEURJul 2006
ORIN.YOTCPK (Pink Sheets LLC)ADR EACH REPR 0.5 SHS CL B SHSUSUSDApr 2010

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 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.