Stocktoria

Fortum Oyj FORTUM.HE

FI · Nasdaq Helsinki · XHEL · stock · Utilities · website

Fortum Oyj statistics & valuation

Market cap€17.8B
P / E23.3×
P / S3.6×
P / B2.1×
P / FCF52.3×
Dividend yield7.04%
Net margin15.3%
Return on equity9.0%
FCF margin6.8%
Net debt€1.8B
Enterprise value USD$22.8B
Earnings yield EBIT/EV4.7%
Return on capital6.5%
Graham number -32.2%€13.49

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€13.49); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-31.10% -30.80% 20.10% 15.30% 2022202320242025
Gross margin (%)
36.20% 41.60% 41.30% 40.40% 2022202320242025
Operating margin (%)
20.70% 23.00% 20.30% 18.50% 2022202320242025
Return on equity (%)
-31.50% -24.50% 12.80% 9.00% 2022202320242025
Shares outstanding
897.3M 897.3M 897.3M 897.3M 2022202320242025
Net debt (€)
€3.87B €1.73B €692.0M €1.84B 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
-10.20% -11.00% 6.70% 4.70% 2022202320242025
Free cash flow margin (%)
-118.90% 18.50% 15.90% 6.80% 2022202320242025
Debt / equity (×)
1.01× 0.70× 0.53× 0.56× 2022202320242025
EPS (€)
-€2.72 -€2.31 €1.30 €0.85 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin40.4%41.3%41.6%36.2%
Operating margin18.5%20.3%23.0%20.7%
Net margin15.3%20.1%-30.8%-31.1%
FCF margin6.8%15.9%18.5%-118.9%
Return on assets4.7%6.7%-11.0%-10.2%
Return on equity9.0%12.8%-24.5%-31.5%
Debt / equity0.41×0.47×0.53×0.46×
Current ratio2.203.491.981.08

Computed from company filings · FI · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.