Company Valuation: Orion Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,119 7,179 5,509 6,005 8,944 11,341 - -
Change - 40.25% -23.26% 8.99% 48.95% 26.8% - -
Enterprise Value (EV) 1 5,010 7,060 5,603 6,126 9,088 11,251 11,008 10,738
Change - 40.91% -20.65% 9.35% 48.35% 23.8% -2.16% -2.45%
P/E 26.5x 20.6x 25.5x 18.2x 17.9x 20.1x 17x 15.3x
PBR 6.86x 7.91x 6.19x 5.98x 6.97x 7.09x 5.71x 4.68x
PEG - 0.3x -0.7x 0.3x 0.3x 1.6x 0.9x 1.3x
Capitalization / Revenue 4.92x 5.36x 4.63x 3.89x 4.73x 5.41x 4.78x 4.44x
EV / Revenue 4.81x 5.27x 4.71x 3.97x 4.81x 5.37x 4.64x 4.2x
EV / EBITDA 17.3x 14.5x 17.2x 12x 13.2x 14.6x 12.1x 10.7x
EV / EBIT 20.6x 16.1x 20.4x 14.7x 14.4x 15.9x 13.1x 11.5x
EV / FCF 38.5x 21.7x 105x 29.7x 41.5x 22.8x 21.3x 17.1x
FCF Yield 2.6% 4.6% 0.95% 3.37% 2.41% 4.38% 4.69% 5.85%
Dividend per Share 2 1.5 1.6 1.62 1.64 1.8 1.945 2.168 2.47
Rate of return 4.11% 3.12% 4.13% 3.83% 2.83% 2.41% 2.68% 3.06%
EPS 2 1.38 2.49 1.54 2.35 3.56 4.02 4.746 5.298
Distribution rate 109% 64.3% 105% 69.8% 50.6% 48.4% 45.7% 46.6%
Net sales 1 1,041 1,341 1,190 1,542 1,890 2,097 2,373 2,557
EBITDA 1 289.1 487.1 326.4 509.4 688.3 772 906.6 1,002
EBIT 1 243.3 439.6 274.9 416.6 631.6 709.1 837.5 933.2
Net income 1 193.8 349.5 216.8 329.9 500.3 565.6 668 746.2
Net Debt 1 -108.3 -118.7 93.3 121.7 144.4 -89.76 -333 -603.1
Reference price 2 36.52 51.24 39.27 42.78 63.65 80.85 80.85 80.85
Nbr of stocks (in thousands) 140,563 140,202 140,351 140,501 140,693 140,366 - -
Announcement Date 10/02/22 09/02/23 13/02/24 25/02/25 12/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.11x5.37x14.57x2.41% 12.71B
32.46x11.79x23.8x0.61% 1,019B
28.13x6.24x17.86x2.11% 610B
33.64x7.86x16.24x2.61% 470B
101.52x5.7x24.22x2.45% 344B
18.95x4.61x11.45x2.87% 336B
19.74x5.16x12.75x3.1% 266B
19.84x4.13x11.77x2.15% 241B
25.45x6.66x11.86x2.5% 218B
-43.74x6.39x24.95x2.28% 179B
Average 25.61x 6.39x 16.95x 2.31% 369.55B
Weighted average by Cap. 31.21x 7.59x 18.52x 1.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield