OUTOKUMPU OYJ |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.814 EUR | +0.63% |
|
+2.64% | -14.94% |
| 05-30 | Curtain down for the BHP-Anglo takeover saga |  |
| 05-29 | Anglo rejects BHP’s call for an extended negotiation timeline | |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,155 | 1,327 | 2,489 | 2,099 | 1,933 | 1,616 | - | - |
| Enterprise Value (EV) 1 | 2,310 | 2,355 | 2,898 | 2,089 | 1,873 | 1,757 | 1,732 | 1,599 |
| P/E ratio | -15.6 x | -11.5 x | 4.7 x | 2.03 x | -18.7 x | 41.5 x | 8.9 x | 7.91 x |
| Yield | 3.56% | - | 2.73% | 5.28% | 5.8% | 7.17% | 7.76% | 8.03% |
| Capitalization / Revenue | 0.18 x | 0.24 x | 0.32 x | 0.22 x | 0.28 x | 0.25 x | 0.23 x | 0.22 x |
| EV / Revenue | 0.36 x | 0.42 x | 0.38 x | 0.22 x | 0.27 x | 0.28 x | 0.24 x | 0.22 x |
| EV / EBITDA | 8.78 x | 9.42 x | 2.84 x | 1.66 x | 3.62 x | 5.88 x | 3.39 x | 2.98 x |
| EV / FCF | 12.8 x | 16.6 x | 6.87 x | 3.38 x | 12.1 x | -117 x | 10.6 x | 6.91 x |
| FCF Yield | 7.83% | 6.03% | 14.6% | 29.6% | 8.28% | -0.86% | 9.4% | 14.5% |
| Price to Book | 0.45 x | 0.56 x | 0.8 x | 0.51 x | 0.51 x | 0.45 x | 0.44 x | 0.43 x |
| Nbr of stocks (in thousands) | 411,775 | 412,002 | 452,583 | 443,696 | 431,017 | 423,686 | - | - |
| Reference price 2 | 2.806 | 3.220 | 5.500 | 4.731 | 4.484 | 3.814 | 3.814 | 3.814 |
| Announcement Date | 05/02/20 | 04/02/21 | 08/02/22 | 09/02/23 | 08/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,403 | 5,639 | 7,709 | 9,494 | 6,961 | 6,386 | 7,121 | 7,324 |
| EBITDA 1 | 263 | 250 | 1,021 | 1,256 | 517 | 298.7 | 510.8 | 537 |
| EBIT 1 | 30 | 4 | 758 | 1,010 | 274 | 74.36 | 276.6 | 303.4 |
| Operating Margin | 0.47% | 0.07% | 9.83% | 10.64% | 3.94% | 1.16% | 3.88% | 4.14% |
| Earnings before Tax (EBT) 1 | -41 | -151 | 640 | 933 | -133 | 45.64 | 246.6 | 290.5 |
| Net income 1 | -75 | -116 | 553 | 1,140 | -106 | 35.76 | 193 | 226.4 |
| Net margin | -1.17% | -2.06% | 7.17% | 12.01% | -1.52% | 0.56% | 2.71% | 3.09% |
| EPS 2 | -0.1800 | -0.2800 | 1.170 | 2.330 | -0.2400 | 0.0918 | 0.4287 | 0.4823 |
| Free Cash Flow 1 | 181 | 142 | 422 | 618 | 155 | -15.08 | 162.8 | 231.4 |
| FCF margin | 2.83% | 2.52% | 5.47% | 6.51% | 2.23% | -0.24% | 2.29% | 3.16% |
| FCF Conversion (EBITDA) | 68.82% | 56.8% | 41.33% | 49.2% | 29.98% | - | 31.86% | 43.08% |
| FCF Conversion (Net income) | - | - | 76.31% | 54.21% | - | - | 84.34% | 102.18% |
| Dividend per Share 2 | 0.1000 | - | 0.1500 | 0.2500 | 0.2600 | 0.2733 | 0.2960 | 0.3062 |
| Announcement Date | 05/02/20 | 04/02/21 | 08/02/22 | 09/02/23 | 08/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,215 | 2,760 | 2,951 | 2,339 | 1,895 | 2,006 | 1,911 | 1,531 | 1,513 | 1,479 | 1,548 | 1,620 | 1,646 |
| EBITDA 1 | 326 | 377 | 547 | 304 | 110 | 204 | 190 | 51 | 72 | 38 | 60.33 | 84 | 88.5 |
| EBIT 1 | 245 | 313 | 483 | 241 | 48 | 144 | 129 | -12 | 13 | -17 | 0.09 | 28.75 | 32.9 |
| Operating Margin | 11.06% | 11.34% | 16.37% | 10.3% | 2.53% | 7.18% | 6.75% | -0.78% | 0.86% | -1.15% | 0.01% | 1.78% | 2% |
| Earnings before Tax (EBT) 1 | 178 | 305 | 467 | 225 | 13 | 128 | 119 | -60 | -320 | -29 | -8 | 20 | 27 |
| Net income 1 | 159 | 251 | 385 | 189 | 315 | 103 | 89 | -56 | -242 | -23 | -4.35 | 15.8 | 20.5 |
| Net margin | 7.18% | 9.09% | 13.05% | 8.08% | 16.62% | 5.13% | 4.66% | -3.66% | -15.99% | -1.56% | -0.28% | 0.98% | 1.25% |
| EPS 2 | 0.3300 | 0.5100 | 0.7800 | 0.3900 | 0.6400 | 0.2200 | 0.1900 | -0.1300 | -0.5600 | -0.0500 | -0.0150 | 0.0350 | 0.0450 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 0.3500 | - | - |
| Announcement Date | 08/02/22 | 05/05/22 | 04/08/22 | 03/11/22 | 09/02/23 | 09/05/23 | 03/08/23 | 07/11/23 | 08/02/24 | 07/05/24 | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,155 | 1,028 | 409 | - | - | 142 | 116 | - |
| Net Cash position 1 | - | - | - | 10 | 60 | - | - | 17.2 |
| Leverage (Debt/EBITDA) | 4.392 x | 4.112 x | 0.4006 x | - | - | 0.4738 x | 0.2279 x | - |
| Free Cash Flow 1 | 181 | 142 | 422 | 618 | 155 | -15.1 | 163 | 231 |
| ROE (net income / shareholders' equity) | -2.8% | -4.7% | 20.1% | 30.6% | -2.6% | 1.1% | 5.24% | 5.55% |
| ROA (Net income/ Total Assets) | -1.25% | -1.96% | 9.01% | 16.9% | -1.64% | 0.51% | 2.89% | 3.08% |
| Assets 1 | 6,018 | 5,917 | 6,139 | 6,732 | 6,455 | 6,969 | 6,680 | 7,363 |
| Book Value Per Share 2 | 6.220 | 5.730 | 6.890 | 9.270 | 8.730 | 8.520 | 8.760 | 8.790 |
| Cash Flow per Share 2 | 0.9000 | 0.7800 | 1.360 | 1.720 | 0.7400 | 0.5200 | 0.8200 | 1.030 |
| Capex 1 | 190 | 180 | 175 | 160 | 170 | 217 | 204 | 205 |
| Capex / Sales | 2.97% | 3.19% | 2.27% | 1.69% | 2.44% | 3.39% | 2.87% | 2.8% |
| Announcement Date | 05/02/20 | 04/02/21 | 08/02/22 | 09/02/23 | 08/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
3.814
EUR
Average target price
4.44
EUR
Spread / Average Target
+16.41%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.94% | 1.75B | |
| -2.98% | 40.48B | |
| +19.82% | 25B | |
| -5.90% | 21.47B | |
| +13.35% | 21.04B | |
| -26.13% | 20.25B | |
| +6.50% | 20.13B | |
| +8.62% | 9.62B | |
| -21.17% | 8.62B | |
| -15.33% | 8.22B |
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