Fortum: Russia, Russia, Russia
Russia's extensive attack on Ukraine dramatically changed Fortum’s operating environment and previously extremely unlikely scenarios have become possible. Our ability to assess the likelihood of various risks is weak and uncertainty is extremely high. However, in the current situation, Fortum’s high Russia risk is not attractive, and Russia's counter-sanctions in particular can be very harmful. A lot of negatives are already priced into the share at the current level, but we remain cautious before the company's financial report.
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 Figures28.02.2022
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 49,015.0 | 130,226.0 | 132,222.0 |
growth-% | 799.85 % | 165.69 % | 1.53 % |
EBIT (adj.) | 1,344.0 | 2,435.0 | 2,078.6 |
EBIT-% (adj.) | 2.74 % | 1.87 % | 1.57 % |
EPS (adj.) | 1.67 | 1.48 | 1.55 |
Dividend | 1.12 | 1.14 | 1.14 |
Dividend % | 5.69 % | 8.90 % | 8.90 % |
P/E (adj.) | 11.76 | 8.68 | 8.26 |
EV/EBITDA | 9.51 | 29.19 | 5.77 |