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Fortum Valuation Multiples

Discover revenue and EBITDA valuation multiples for Fortum and similar public comparables like Chrysos Corp., AGL Energy, and APA Group.

Fortum Overview

About Fortum

Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.


Founded

1998

HQ

Finland
Employees

4.5K+

Website

fortum.com

Sectors

Utilities

Financials

LTM Revenue $6.1B

LTM EBITDA $1.6B

EV

$13.5B

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Fortum Financials

Fortum has a last 12-month revenue of $6.1B and a last 12-month EBITDA of $1.6B.

In the most recent fiscal year, Fortum achieved revenue of $6.2B and an EBITDA of $2.2B.

Fortum expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Fortum P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $7.2B $6.2B XXX XXX XXX
Gross Profit $3.6B $3.0B XXX XXX XXX
Gross Margin 50% 48% XXX XXX XXX
EBITDA $2.4B $2.2B XXX XXX XXX
EBITDA Margin 33% 35% XXX XXX XXX
Net Profit -$2.6B -$2.2B XXX XXX XXX
Net Margin -36% -36% XXX XXX XXX
Net Debt $4.0B $1.7B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Fortum Stock Performance

As of April 15, 2025, Fortum's stock price is EUR 13 (or $14).

Fortum has current market cap of EUR 11.9B (or $12.7B), and EV of EUR 12.6B (or $13.5B).

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Fortum Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$13.5B $12.7B XXX XXX XXX XXX $1.05

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Fortum Valuation Multiples

As of April 15, 2025, Fortum has market cap of $12.7B and EV of $13.5B.

Fortum's trades at 2.2x LTM EV/Revenue multiple, and 8.3x LTM EBITDA.

Analysts estimate Fortum's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Fortum Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $13.5B XXX XXX XXX
EV/Revenue 2.2x XXX XXX XXX
EV/EBITDA 6.1x XXX XXX XXX
P/E 10.2x XXX XXX XXX
P/E/Growth -0.6x XXX XXX XXX
EV/FCF 13.6x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Fortum Valuation Multiples

Fortum's NTM/LTM revenue growth is -4%

Fortum's revenue per employee for the last fiscal year averaged $1.4M, while opex per employee averaged $0.3M for the same period.

Over next 12 months, Fortum's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Fortum's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Fortum Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -14% XXX XXX XXX XXX
EBITDA Margin 35% XXX XXX XXX XXX
EBITDA Growth -8% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 31% XXX XXX XXX XXX
Revenue per Employee $1.4M XXX XXX XXX XXX
Opex per Employee $0.3M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue 2% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 21% XXX XXX XXX XXX

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Fortum Public Comps

See public comps and valuation multiples for Utilities comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
TAQA XXX XXX XXX XXX XXX XXX
New Sources Energy XXX XXX XXX XXX XXX XXX
AGL Energy XXX XXX XXX XXX XXX XXX
APA Group XXX XXX XXX XXX XXX XXX
Chrysos Corp. XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Fortum M&A and Investment Activity

Fortum acquired  XXX companies to date.

Last acquisition by Fortum was  XXXXXXXX, XXXXX XXXXX XXXXXX . Fortum acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Fortum

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Fortum

When was Fortum founded? Fortum was founded in 1998.
Where is Fortum headquartered? Fortum is headquartered in Finland.
How many employees does Fortum have? As of today, Fortum has 4.5K+ employees.
Who is the CEO of Fortum? Fortum's CEO is Mr. Markus Rauramo.
Is Fortum publicy listed? Yes, Fortum is a public company listed on HEL.
What is the stock symbol of Fortum? Fortum trades under FORTUM ticker.
When did Fortum go public? Fortum went public in 1998.
Who are competitors of Fortum? Similar companies to Fortum include e.g. TAQA, New Sources Energy, AGL Energy, APA Group.
What is the current market cap of Fortum? Fortum's current market cap is $12.7B
What is the current revenue of Fortum? Fortum's last 12-month revenue is $6.1B.
What is the current EBITDA of Fortum? Fortum's last 12-month EBITDA is $1.6B.
What is the current EV/Revenue multiple of Fortum? Current revenue multiple of Fortum is 2.2x.
What is the current EV/EBITDA multiple of Fortum? Current EBITDA multiple of Fortum is 8.3x.
What is the current revenue growth of Fortum? Fortum revenue growth between 2023 and 2024 was -14%.
Is Fortum profitable? Yes, Fortum is EBITDA-positive (as of the last 12 months).

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