Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Russia, Poland, India, other parts of the Baltic Rim area, and internationally. More Details
6 star dividend payer and fair value.
Share Price & News
How has Fortum Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FORTUM is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FORTUM's weekly volatility (4%) has been stable over the past year.
7 Day Return
FI Electric Utilities
1 Year Return
FI Electric Utilities
Return vs Industry: FORTUM matched the Finnish Electric Utilities industry which returned 7.6% over the past year.
Return vs Market: FORTUM underperformed the Finnish Market which returned 16.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Fortum Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StWhat Is Fortum Oyj's (HEL:FORTUM) Share Price Doing?
2 weeks ago | Simply Wall StKey Things To Consider Before Buying Fortum Oyj (HEL:FORTUM) For Its Dividend
1 month ago | Simply Wall StEstimating The Intrinsic Value Of Fortum Oyj (HEL:FORTUM)
Is Fortum Oyj undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FORTUM (€20.69) is trading below our estimate of fair value (€22.49)
Significantly Below Fair Value: FORTUM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FORTUM is good value based on its PE Ratio (10.2x) compared to the XE Electric Utilities industry average (11.8x).
PE vs Market: FORTUM is good value based on its PE Ratio (10.2x) compared to the Finnish market (27.2x).
Price to Earnings Growth Ratio
PEG Ratio: FORTUM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FORTUM is overvalued based on its PB Ratio (1.5x) compared to the XE Electric Utilities industry average (1x).
How is Fortum Oyj forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FORTUM's earnings are forecast to decline over the next 3 years (-6.6% per year).
Earnings vs Market: FORTUM's earnings are forecast to decline over the next 3 years (-6.6% per year).
High Growth Earnings: FORTUM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FORTUM's revenue (0.4% per year) is forecast to grow slower than the Finnish market (3.6% per year).
High Growth Revenue: FORTUM's revenue (0.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FORTUM's Return on Equity is forecast to be low in 3 years time (7.5%).
How has Fortum Oyj performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FORTUM has a large one-off gain of €817.0M impacting its September 30 2020 financial results.
Growing Profit Margin: FORTUM's current net profit margins (5.5%) are lower than last year (23.7%).
Past Earnings Growth Analysis
Earnings Trend: FORTUM's earnings have grown significantly by 44.5% per year over the past 5 years.
Accelerating Growth: FORTUM's earnings growth over the past year (36.7%) is below its 5-year average (44.5% per year).
Earnings vs Industry: FORTUM earnings growth over the past year (36.7%) exceeded the Electric Utilities industry 7%.
Return on Equity
High ROE: FORTUM's Return on Equity (12%) is considered low.
How is Fortum Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: FORTUM's short term assets (€19.3B) exceed its short term liabilities (€16.6B).
Long Term Liabilities: FORTUM's short term assets (€19.3B) do not cover its long term liabilities (€21.8B).
Debt to Equity History and Analysis
Debt Level: FORTUM's debt to equity ratio (61.5%) is considered high.
Reducing Debt: FORTUM's debt to equity ratio has increased from 45.4% to 61.5% over the past 5 years.
Debt Coverage: FORTUM's debt is not well covered by operating cash flow (18%).
Interest Coverage: FORTUM's interest payments on its debt are well covered by EBIT (9.6x coverage).
What is Fortum Oyj current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FORTUM's dividend (5.32%) is higher than the bottom 25% of dividend payers in the Finnish market (1.88%).
High Dividend: FORTUM's dividend (5.32%) is in the top 25% of dividend payers in the Finnish market (3.97%)
Stability and Growth of Payments
Stable Dividend: FORTUM's dividends per share have been stable in the past 10 years.
Growing Dividend: FORTUM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.2%), FORTUM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FORTUM's dividends in 3 years are forecast to be covered by earnings (82.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Markus Heikki Rauramo (52 yo)
Mr. Markus Heikki Erdem Rauramo, M.Sc. (Econ. and Pol. Hist.), is Member of Supervisory Board at Uniper SE since July 30, 2018 and had been Shareholder Representative Deputy Chairman of Supervisory Board s...
|President & CEO||0.58yr||no data||0.0051% |
|Chief Financial Officer||no data||no data||no data|
|Head of Corporate Financial Services Unit||13.67yrs||no data||no data|
|Vice President of Investor Relations & Financial Communications||no data||no data||no data|
|Secretary to the Board & General Counsel||6.42yrs||no data||0.0014% |
|Head of Publicity & Communications||no data||no data||no data|
|Senior Vice President of Strategy||4.83yrs||no data||0.0021% |
|Executive Vice President of City Solutions||12.08yrs||no data||0.0043% |
|Head of Markets||no data||no data||no data|
|Managing Director of Fortum Värme||no data||no data||no data|
|Head of Customer Services Unit||13.67yrs||no data||no data|
|Executive Vice President of Russia Division||11.33yrs||no data||0.0025% |
Experienced Management: FORTUM's management team is seasoned and experienced (11.3 years average tenure).
|Independent Director||0.83yr||no data||no data|
|Independent Chairman||2.92yrs||no data||0.00017% |
|Independent Non-Executive Director||3.83yrs||no data||no data|
|Independent Director||3.08yrs||no data||no data|
|Independent Deputy Chairman||0.83yr||no data||0.00034% |
|Independent Director||2.92yrs||no data||no data|
|Independent Non-Executive Director||5.92yrs||no data||0% |
|Independent Director||1.92yrs||no data||no data|
|Independent Director||0.83yr||no data||no data|
Experienced Board: FORTUM's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fortum Oyj's company bio, employee growth, exchange listings and data sources
- Name: Fortum Oyj
- Ticker: FORTUM
- Exchange: HLSE
- Founded: 1998
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: €18.379b
- Shares outstanding: 888.29m
- Website: https://www.fortum.com
Number of Employees
- Fortum Oyj
- CD Building
- Keilalahdentie 2-4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FOJC.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Dec 1998|
|FORTUM||HLSE (OMX Nordic Exchange Helsinki)||Yes||Registered Shares||FI||EUR||Dec 1998|
|0HAH||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Dec 1998|
|FOT||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Dec 1998|
|FOT||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||Dec 1998|
|FORTMH||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||EUR||Dec 1998|
|FOT||ETLX (Eurotlx)||Yes||Registered Shares||IT||EUR||Dec 1998|
|FOJC.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2008|
Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Russia, Poland, India, other parts of the Baltic Rim area, and internationall...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/01 20:19|
|End of Day Share Price||2021/03/01 00:00|
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.