F

Fortum Oyj
OMXH:FORTUM

Watchlist Manager
Fortum Oyj
OMXH:FORTUM
Watchlist
Price: 14.655 EUR 0.72% Market Closed
Market Cap: 13.1B EUR
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one FORTUM stock under the Base Case scenario is 12.816 EUR. Compared to the current market price of 14.655 EUR, Fortum Oyj is Overvalued by 13%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FORTUM Relative Value
Base Case
12.816 EUR
Overvaluation 13%
Relative Value
Price
F
Worst Case
Base Case
Best Case

Valuation Multiples

2.3
P/S
P/S
Price to Sales
2.3
vs History
7
vs Industry
35
Median 3Y
1.6
Median 5Y
1.5
Industry
1.7
Forward
2.3
More Details
11.3
P/E
P/E
Price to Earnings
11.3
vs History
17
vs Industry
47
Median 3Y
-3.3
Median 5Y
7.3
Industry
14.9
Forward
15.5
More Details
9.4
P/OCF
P/OCF
Price to OCF
9.4
vs History
9
vs Industry
27
Median 3Y
5.4
Median 5Y
6.1
Industry
6.8
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
31
Median 3Y
-1
Median 5Y
2.1
Industry
14
More Details
1.4
P/B
P/B
Price to Book Value
1.4
vs History
46
vs Industry
41
Median 3Y
1.5
Median 5Y
1.4
Industry
1.4
More Details
2.4
EV/S
EV/S
Enterprise Value to Sales
2.4
vs History
12
vs Industry
49
Median 3Y
1.7
Median 5Y
1.6
Industry
2.8
Forward
2.4
More Details
5.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.5
vs History
38
vs Industry
57
Median 3Y
5.1
Median 5Y
5.1
Industry
7.4
More Details
8.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
8.8
vs History
38
vs Industry
47
Median 3Y
8
Median 5Y
8.3
Industry
10.3
Forward
9.7
More Details
11.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
11.6
vs History
52
vs Industry
48
Median 3Y
10.3
Median 5Y
11.7
Industry
14.9
Forward
12.6
More Details
9.8
EV/OCF
EV/OCF
Enterprise Value to OCF
9.8
vs History
25
vs Industry
44
Median 3Y
6.8
Median 5Y
8.3
Industry
10.8
More Details
14.9
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
14.9
vs History
34
vs Industry
30
Median 3Y
9.9
Median 5Y
14
Industry
16.9
More Details
1.1
EV/IC
EV/IC
Enterprise Value to IC
1.1
vs History
4
vs Industry
26
Median 3Y
0.9
Median 5Y
0.8
Industry
0.9
More Details

Multiples Across Competitors

FORTUM Competitors Multiples
Fortum Oyj Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
FI
Fortum Oyj
OMXH:FORTUM
13.1B EUR 2.3 11.3 8.8 11.6
US
Nextera Energy Inc
NYSE:NEE
140.5B USD 5.5 25.5 16.5 29.8
ES
Iberdrola SA
MAD:IBE
97.2B EUR 2.2 17.3 7.4 12.3
US
Southern Co
NYSE:SO
100.4B USD 3.6 21.8 12.6 21.9
US
Duke Energy Corp
NYSE:DUK
94.1B USD 3.1 21.4 12.1 21.9
IT
Enel SpA
MIL:ENEL
77.7B EUR 1 11 6.3 9.8
US
Constellation Energy Corp
NASDAQ:CEG
84.4B USD 3.6 22.6 12.7 20.7
US
American Electric Power Company Inc
NASDAQ:AEP
56.9B USD 2.9 19.1 12.5 22.1
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
46.2B USD 2 17.1 11 19.4
US
Xcel Energy Inc
NASDAQ:XEL
40.9B USD 3 21.2 13.1 29.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FI
F
Fortum Oyj
OMXH:FORTUM
Average EV/EBITDA: 11.3
8.8
-5%
N/A
US
Nextera Energy Inc
NYSE:NEE
16.5
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.4
0%
N/A
US
Southern Co
NYSE:SO
12.6
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12.1
7%
1.7
IT
Enel SpA
MIL:ENEL
6.3
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
12.7
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.5
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11
9%
1.2
US
Xcel Energy Inc
NASDAQ:XEL
13.1
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
FI
F
Fortum Oyj
OMXH:FORTUM
Average EV/EBIT: 19.9
11.6
-6%
N/A
US
Nextera Energy Inc
NYSE:NEE
29.8
23%
1.3
ES
Iberdrola SA
MAD:IBE
12.3
2%
6.2
US
Southern Co
NYSE:SO
21.9
8%
2.7
US
Duke Energy Corp
NYSE:DUK
21.9
10%
2.2
IT
Enel SpA
MIL:ENEL
9.8
7%
1.4
US
Constellation Energy Corp
NASDAQ:CEG
20.7
4%
5.2
US
American Electric Power Company Inc
NASDAQ:AEP
22.1
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
19.4
10%
1.9
US
Xcel Energy Inc
NASDAQ:XEL
29.3
22%
1.3

See Also

Summary
FORTUM intrinsic value, competitors valuation, and company profile.
DCF Valuation
FORTUM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FORTUM stock valuation using valuation multiples.
Wall Street Estimates
FORTUM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FORTUM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 253,300+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.