Fortum: Germany causes problems for Fortum
Germany’s stabilization package prevents Uniper from going bankrupt, but apparently only enables Uniper’s price increases from October 1. Before that, Uniper will generate huge losses if Gazprom's gas streams remain shut and gas prices extremely high. Fortum's valuation is already reasonable also without Uniper if the financing provided to the company is secure. However, we still urge investors to be extremely cautious in the uncertain situation, the outcome of which is still very difficult to assess.
Fortum
Fortum is active in the energy sector. In addition to the provision of electricity, a number of technical solutions are offered in heat optimization as well as apps that are used to keep track of energy consumption. The company also provides charging stations for electric cars. The largest activity is found around the Nordic market. The company was founded in 1998 and is headquartered in Espoo.
Read more on company pageKey Estimate Figures25.07.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 112,400.0 | 140,684.0 | 127,905.0 |
growth-% | 129.32 % | 25.16 % | -9.08 % |
EBIT (adj.) | 2,536.0 | -6,137.3 | 1,361.6 |
EBIT-% (adj.) | 2.26 % | -4.36 % | 1.06 % |
EPS (adj.) | 2.00 | -4.15 | 1.10 |
Dividend | 1.14 | 0.00 | 0.40 |
Dividend % | 4.22 % | 2.82 % | |
P/E (adj.) | 13.49 | - | 12.92 |
EV/EBITDA | 47.15 | - | 8.79 |