Fortum: At the heart of Europe's energy crisis
The company's Q2 result were good operationally and the reported figures were better than expected, but the EUR 5.7 billion loss is still nothing to celebrate. Fortum's situation is twofold: On one hand, the Generation segment could post record results in the coming years if electricity prices remain at their peak, but on the other, Uniper's situation is messy at least until the German stabilization package is finalized. In principle, we are attracted by the value at the heart of Fortum, but there are too many uncertainties. There may be a fair weather after the storm, but first the damage caused by the storm must be assessed.
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 Figures26.08.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 112,400.0 | 177,787.0 | 161,487.0 |
growth-% | 129.32 % | 58.17 % | -9.17 % |
EBIT (adj.) | 2,536.0 | -6,698.5 | 1,479.8 |
EBIT-% (adj.) | 2.26 % | -3.77 % | 0.92 % |
EPS (adj.) | 2.00 | -2.21 | 1.07 |
Dividend | 1.14 | 0.00 | 0.00 |
Dividend % | 4.22 % | ||
P/E (adj.) | 13.49 | - | 13.13 |
EV/EBITDA | 47.15 | - | 10.23 |