Fortum Oyj
Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally. It operates through Generation, Consumer Solutions, and Other Operations segments. The Generation segment offers low-carbon hydro, nuclear, onshore wind, and solar power generation; district heating and co… Read more
Fortum Oyj (FOJCF) - Net Assets
Latest net assets as of December 2025: $8.62 Billion USD
Based on the latest financial reports, Fortum Oyj (FOJCF) has net assets worth $8.62 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.44 Billion) and total liabilities ($7.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.62 Billion |
| % of Total Assets | 52.41% |
| Annual Growth Rate | 2.71% |
| 5-Year Change | -36.95% |
| 10-Year Change | -36.38% |
| Growth Volatility | 13.8 |
Fortum Oyj - Net Assets Trend (1998–2025)
This chart illustrates how Fortum Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fortum Oyj (1998–2025)
The table below shows the annual net assets of Fortum Oyj from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $8.62 Billion | -5.87% |
| 2024-12-31 | $9.15 Billion | +7.71% |
| 2023-12-31 | $8.50 Billion | +9.84% |
| 2022-12-31 | $7.74 Billion | -43.38% |
| 2021-12-31 | $13.66 Billion | -12.27% |
| 2020-12-31 | $15.58 Billion | +17.70% |
| 2019-12-31 | $13.23 Billion | +9.58% |
| 2018-12-31 | $12.08 Billion | -9.11% |
| 2017-12-31 | $13.29 Billion | -1.89% |
| 2016-12-31 | $13.54 Billion | -2.31% |
| 2015-12-31 | $13.86 Billion | +26.78% |
| 2014-12-31 | $10.94 Billion | +2.56% |
| 2013-12-31 | $10.66 Billion | -1.47% |
| 2012-12-31 | $10.82 Billion | +6.50% |
| 2011-12-31 | $10.16 Billion | +16.23% |
| 2010-12-31 | $8.74 Billion | +2.96% |
| 2009-12-31 | $8.49 Billion | +0.95% |
| 2008-12-31 | $8.41 Billion | -2.77% |
| 2007-12-31 | $8.65 Billion | +6.00% |
| 2006-12-31 | $8.16 Billion | +10.12% |
| 2005-12-31 | $7.41 Billion | -3.19% |
| 2004-12-31 | $7.66 Billion | +15.32% |
| 2003-12-31 | $6.64 Billion | -9.42% |
| 2002-12-31 | $7.33 Billion | +8.48% |
| 2001-12-31 | $6.75 Billion | +7.17% |
| 2000-12-31 | $6.30 Billion | +30.47% |
| 1999-12-31 | $4.83 Billion | +15.44% |
| 1998-12-31 | $4.18 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortum Oyj's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 462.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.29 Billion | 73.69% |
| Common Stock | $3.04 Billion | 35.67% |
| Other Comprehensive Income | $-871.67 Million | -10.21% |
| Other Components | $72.97 Million | 0.85% |
| Total Equity | $8.54 Billion | 100.00% |
Fortum Oyj Competitors by Market Cap
The table below lists competitors of Fortum Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alstom SA
PINK:AOMFF
|
$6.62 Billion |
|
Poste Italiane SpA
PINK:PITAF
|
$6.62 Billion |
|
Deutsche Lufthansa AG
OTCQX:DLAKF
|
$6.63 Billion |
|
Novatek Microelectronics Corp
TW:3034
|
$6.63 Billion |
|
El Puerto de Liverpool S.A.B. de C.V
PINK:ELPQF
|
$6.60 Billion |
|
QuantumCTek Co Ltd
SHG:688027
|
$6.60 Billion |
|
Associated British Foods plc
PINK:ASBFY
|
$6.60 Billion |
|
Hormel Foods Corporation
NYSE:HRL
|
$6.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortum Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,074,000,000 to 8,535,801,811, a change of -538,198,189 (-5.9%).
- Net income of 764,713,477 contributed positively to equity growth.
- Dividend payments of 1,255,529,579 reduced retained earnings.
- Other comprehensive income decreased equity by 871,673,401.
- Other factors increased equity by 824,291,314.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $764.71 Million | +8.96% |
| Dividends Paid | $1.26 Billion | -14.71% |
| Other Comprehensive Income | $-871.67 Million | -10.21% |
| Other Changes | $824.29 Million | +9.66% |
| Total Change | $- | -5.93% |
Book Value vs Market Value Analysis
This analysis compares Fortum Oyj's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.19x to 1.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $5.04 | $16.09 | x |
| 1999-12-31 | $6.00 | $16.09 | x |
| 2000-12-31 | $6.53 | $16.09 | x |
| 2001-12-31 | $6.81 | $16.09 | x |
| 2002-12-31 | $6.91 | $16.09 | x |
| 2003-12-31 | $7.50 | $16.09 | x |
| 2004-12-31 | $8.57 | $16.09 | x |
| 2005-12-31 | $8.35 | $16.09 | x |
| 2006-12-31 | $8.93 | $16.09 | x |
| 2007-12-31 | $9.38 | $16.09 | x |
| 2008-12-31 | $8.96 | $16.09 | x |
| 2009-12-31 | $9.04 | $16.09 | x |
| 2010-12-31 | $9.24 | $16.09 | x |
| 2011-12-31 | $10.84 | $16.09 | x |
| 2012-12-31 | $11.49 | $16.09 | x |
| 2013-12-31 | $11.28 | $16.09 | x |
| 2014-12-31 | $12.23 | $16.09 | x |
| 2015-12-31 | $15.53 | $16.09 | x |
| 2016-12-31 | $15.15 | $16.09 | x |
| 2017-12-31 | $14.69 | $16.09 | x |
| 2018-12-31 | $13.33 | $16.09 | x |
| 2019-12-31 | $14.61 | $16.09 | x |
| 2020-12-31 | $14.58 | $16.09 | x |
| 2021-12-31 | $13.66 | $16.09 | x |
| 2022-12-31 | $8.63 | $16.09 | x |
| 2023-12-31 | $9.40 | $16.09 | x |
| 2024-12-31 | $10.11 | $16.09 | x |
| 2025-12-31 | $9.51 | $16.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortum Oyj utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.33%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.93x
- Recent ROE (8.96%) is below the historical average (10.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 5.36% | 2.51% | 0.76x | 2.81x | $-184.50 Million |
| 1999 | 14.94% | 8.54% | 0.68x | 2.57x | $232.50 Million |
| 2000 | 8.42% | 3.99% | 0.72x | 2.95x | $-79.20 Million |
| 2001 | 8.37% | 4.41% | 0.73x | 2.61x | $-89.50 Million |
| 2002 | 11.30% | 5.97% | 0.62x | 3.05x | $76.40 Million |
| 2003 | 12.00% | 6.75% | 0.69x | 2.59x | $128.40 Million |
| 2004 | 16.59% | 10.52% | 0.70x | 2.26x | $487.60 Million |
| 2005 | 19.03% | 36.37% | 0.26x | 2.04x | $668.90 Million |
| 2006 | 14.16% | 24.94% | 0.27x | 2.13x | $329.20 Million |
| 2007 | 19.24% | 35.90% | 0.25x | 2.11x | $772.10 Million |
| 2008 | 19.39% | 26.29% | 0.29x | 2.55x | $746.60 Million |
| 2009 | 16.33% | 23.99% | 0.28x | 2.47x | $508.60 Million |
| 2010 | 15.83% | 20.30% | 0.29x | 2.68x | $479.00 Million |
| 2011 | 18.37% | 28.29% | 0.27x | 2.39x | $805.80 Million |
| 2012 | 13.81% | 22.88% | 0.25x | 2.41x | $388.50 Million |
| 2013 | 12.01% | 19.88% | 0.25x | 2.44x | $201.60 Million |
| 2014 | 29.03% | 66.39% | 0.22x | 1.97x | $2.07 Billion |
| 2015 | 30.00% | 119.63% | 0.15x | 1.65x | $2.76 Billion |
| 2016 | 3.69% | 13.66% | 0.17x | 1.63x | $-849.90 Million |
| 2017 | 6.64% | 19.16% | 0.21x | 1.67x | $-438.80 Million |
| 2018 | 7.12% | 16.08% | 0.23x | 1.89x | $-341.10 Million |
| 2019 | 11.42% | 27.21% | 0.23x | 1.80x | $183.80 Million |
| 2020 | 14.07% | 3.72% | 0.85x | 4.46x | $527.70 Million |
| 2021 | 6.09% | 0.66% | 0.75x | 12.34x | $-474.10 Million |
| 2022 | -31.50% | -27.44% | 0.37x | 3.08x | $-3.18 Billion |
| 2023 | -24.52% | -30.83% | 0.36x | 2.22x | $-2.91 Billion |
| 2024 | 12.83% | 20.07% | 0.34x | 1.91x | $256.60 Million |
| 2025 | 8.96% | 15.33% | 0.30x | 1.93x | $-88.87 Million |
Industry Comparison
This section compares Fortum Oyj's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $630,365,243
- Average return on equity (ROE) among peers: -486.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortum Oyj (FOJCF) | $8.62 Billion | 5.36% | 0.91x | $6.61 Billion |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.21 |
| Arsenal Digital Holdings Inc. (ADHI) | $2.76K | -475.49% | 13.00x | $490.28 |
| AGIG (AGIG) | $7.68 Million | -3.27% | 0.02x | $16.09K |
| Aker Horizons ASA (AKHOF) | $6.19 Billion | -72.39% | 3.40x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $9.03K | -4188.55% | 4.62x | $3.01K |
| Altus Power Inc (AMPS) | $132.11 Million | -4.63% | 1.82x | $266.49 Million |
| Astra Energy Inc (ASRE) | $-19.30 Million | 0.00% | 0.00x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $14.68 Million | -10.29% | 0.02x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-1.23 Million | 0.00% | 0.00x | $347.58 |