Fortum Oyj/€FORTUM
1D1W1MYTD1Y5YMAX
Capital at risk
About Fortum Oyj
Fortum Oyj is an energy company headquartered in Espoo, Finland. It primarily focuses on the generation, distribution, and sale of electricity and heat, with a significant presence in the Nordic and Baltic countries, Poland, and Russia. The company operates through segments such as Generation, City Solutions, Consumer Solutions, and Russia, providing a diverse range of energy products and services including hydroelectric, nuclear, and renewable energy solutions. Founded in 1998 through the merger of two major Finnish energy companies, Fortum has leveraged its expertise in clean energy and energy efficiency. The company is strategically positioned to benefit from the global shift towards sustainable energy practices.
- Ticker
- €FORTUM
- Sector
- Utilities
- Primary listing
- XHEL
- Employees
- 4,636
- Headquarters
- Espoo, Finland
- Website
- www.fortum.com
Fortum Oyj Metrics
BasicAdvanced
€22B
26.12
€0.92
0.09
€0.74
3.07%
Price and volume
Market cap
€22B
Beta
0.09
52-week high
€24.99
52-week low
€15.07
Average daily volume
1.1M
Dividend rate
€0.74
Financial strength
Current ratio
2.808
Quick ratio
2.202
Long term debt to equity
44.828
Total debt to equity
47.478
Dividend payout ratio (TTM)
26.04%
Interest coverage (TTM)
7.21%
Profitability
EBITDA (TTM)
1,278
Gross margin (TTM)
39.42%
Net profit margin (TTM)
15.07%
Operating margin (TTM)
17.74%
Effective tax rate (TTM)
17.86%
Revenue per employee (TTM)
€1,180,000
Management effectiveness
Return on assets (TTM)
3.91%
Return on equity (TTM)
9.99%
Valuation
Price to earnings (TTM)
26.12
Price to revenue (TTM)
3.935
Price to book
2.64
Price to tangible book (TTM)
2.84
Price to free cash flow (TTM)
56.697
Free cash flow yield (TTM)
1.76%
Free cash flow per share (TTM)
0.425
Dividend yield (TTM)
3.07%
Forward dividend yield
3.07%
Growth
Revenue change (TTM)
6.67%
Earnings per share change (TTM)
-12.39%
3-year revenue growth (CAGR)
-11.54%
10-year revenue growth (CAGR)
4.88%
3-year earnings per share growth (CAGR)
-33.68%
10-year earnings per share growth (CAGR)
12.33%
3-year dividend per share growth (CAGR)
-6.66%
10-year dividend per share growth (CAGR)
-3.89%
Bulls say / Bears say
First-half 2026 comparable EBITDA rose to EUR 785 million from EUR 729 million, while comparable operating profit increased to EUR 627 million from EUR 577 million, supported by higher spot prices and hydro volumes. (Fortum)
Fortum maintained a relatively strong balance sheet after paying a EUR 664 million dividend: net debt to comparable EBITDA was 1.4x at the end of Q2, below its 2.5x leverage ceiling, leaving capacity for investment. (Fortum)
The proposed Elmera transaction would expand Fortum’s Nordic Consumer Solutions footprint and scale, while long-term demand from industrial electrification and data centres provides additional growth avenues for its hydro, nuclear and renewable portfolio. (Fortum)
Second-quarter comparable operating profit fell to EUR 106 million from EUR 115 million year over year, as lower achieved power prices and higher fixed costs offset stronger spot prices. (Fortum)
Extended nuclear outages and weak spring floods increased Fortum’s realised hedge ratio, limiting its ability to capture higher spot prices; 2026 nuclear-generation guidance was reduced to 23.0–23.5 TWh. (Fortum)
The Elmera acquisition requires approximately NOK 5.1 billion in cash and offers a 59% premium to Elmera’s undisturbed price, creating execution, valuation and capital-allocation risk even though Fortum has secured regulatory clearances. (Fortum)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
Upcoming events
No upcoming events
Funds containing Fortum Oyj
AllEURGBPUSD
Fund name | Fund size | €FORTUM weighting |
|---|---|---|
iShares STOXX Europe 600 Utilities€EXH9 | €785M | 1.80% |
iShares EURO STOXX Mid€DJMC | €572M | 1.07% |
iShares EURO STOXX Mid Cap£DJMC | £491M | 1.07% |
iShares STOXX Europe Mid 200€EXSD | €610M | 0.66% |
SPDR MSCI World Utilities€WUTI | €72M | 0.57% |
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