Outokumpu Oyj (OUT1V) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Outokumpu Oyj €5.12, price €5.43, upside -5.7%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €2.57 – €6.20 · fair‑value band €3.98 – €6.50 · the €5.43 price screens above the €5.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Outokumpu Oyj produces and sells various stainless-steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally. It operates through Europe, the Americas, Ferrochrome, and Other operations segments.
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Outokumpu Oyj produces and sells various stainless-steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally. It operates through Europe, the Americas, Ferrochrome, and Other operations segments. The company offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, duprof structural sections, hardened and customized press plates, suction roll shells, and blancs and disks. It also provides stainless steel powder which includes Supra 316L, Dura 17-4PH, Ultra 904L, Therma 253MA, Dura 4116, and Ni-free austenitic stainless-steel powder, ferritic grades as well as tailored product; and nickel-based alloys for environments in the process industry, oil and gas, and electric vehicles. In addition, the company offers cutting, polishing and brushing, welding, machining, plate bending and other services. Further, its products are used in various applications, including commercial kitchens, cooking, food industry, and home appliances; automotive and transportation; building and infrastructure; energy; marine; and heavy industries. Outokumpu Oyj was founded in 1910 and is headquartered in Helsinki, Finland.
Stock analysis
Outokumpu Oyj (OUT1V) currently trades at €5.43, while our model-based Fair Value estimate is €5.12, implying the stock looks roughly 6.1% fairly valued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of €4.84 per share, and 0 of the 12 models we run sit above the €5.43 price.
Bear case: the Multiples group reads lowest at €2.18, and 12 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: €3.98 (bear) to €6.50 (bull), the price of €5.43 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Outokumpu Oyj reported revenue of €5.5B in FY2025 versus €7.7B in FY2021, a compound −8.2%/yr. Reported net income was −€137M in FY2025.
Key figures
Market cap €2.4B · P/S ratio 0.48 · EPS (TTM) €−0.2800 · Dividend yield 2.4% · Net margin −2.5% · Return on equity −3.5% · Return on assets (EBIT) 4.1% · Operating margin 0.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 55% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −6%, OUT1V screens cheaper than that median.
Fair Value models
Bear €3.98Fair Value €5.12Bull €6.50
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.21/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−16.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.6%
Start year 2020 (pandemic). Over 10 years: −1.5% a year
Revenue growth 28 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−1.1% (2020) → −1.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +18.9% a year for the price and +5.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 415 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−6% · Above median
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−2% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth−5% · Below median
Dividend yield (TTM)2.4% · Below median
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Outokumpu Oyj Fair Value". https://www.fairvalue-calculator.com/stock/OUT1V
Frequently asked questions
Is Outokumpu Oyj (OUT1V) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €5.12 versus a price of €5.43, about −6% upside (fairly valued).
What is the fair value of OUT1V?
Our model-based fair value for Outokumpu Oyj is €5.12 (as of Sep 23, 2026), built from audited fundamentals. The current price: €5.43.
What is the quality score of OUT1V?
Outokumpu Oyj has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Outokumpu Oyj (OUT1V)?
Our model-based price target is the fair value of €5.12 (as of Sep 23, 2026) from 12 valuation models. Cautious scenario €3.98, optimistic scenario €6.50. It is a calculation from audited fundamentals, not an analyst target.
What is the Outokumpu Oyj stock forecast for 2026?
Our models put fair value at €5.12, about −6% upside versus a price of €5.43 (fairly valued). Cautious scenario €3.98, optimistic scenario €6.50. The calculation is refreshed regularly with new filings.
What is the revenue of Outokumpu Oyj (OUT1V)?
Outokumpu Oyj reported trailing-twelve-month revenue of about €5.4B (latest available figure, as of Sep 23, 2026).
Does Outokumpu Oyj pay a dividend?
Outokumpu Oyj currently shows a dividend yield of about 2.39% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Outokumpu Oyj (OUT1V)?
For today's price to be fair in a discounted-cash-flow model, Outokumpu Oyj would have to grow free cash flow by +21.5 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of OUT1V use?
Our models discount Outokumpu Oyj at 11.0 %: a base by market capitalisation (mid), damped by beta 1.47, country premium for Finland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Outokumpu Oyj that is +21.5 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Outokumpu Oyj (OUT1V) delivered so far?
Over the past 5 years revenue at Outokumpu Oyj grew -0.6 % a year. The price currently implies +21.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Outokumpu Oyj (OUT1V) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Outokumpu Oyj (+21.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Outokumpu Oyj (OUT1V)?
The free-cash-flow yield on the price is 3.23 %: that much free cash flow Outokumpu Oyj produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Outokumpu Oyj (OUT1V)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Outokumpu Oyj it is €5.12 per share (as of Sep 23, 2026), against a price of €5.43. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Outokumpu Oyj stock overvalued or undervalued in 2026?
As of Sep 23, 2026, OUT1V trades above its calculated fair value: price €5.43, fair value €5.12, a gap of about −6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of OUT1V?
No. The price is what the market pays today (€5.43); the fair value is what the company's own numbers justify (€5.12). For Outokumpu Oyj the two are €0.3100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Outokumpu Oyj worth?
The market values Outokumpu Oyj at about €2.4B (market capitalisation, as of Sep 23, 2026). Per share that is €5.43; our models calculate a fair value of €5.12 per share.
What do the bullish and bearish scenarios say about OUT1V?
Our models span a range for Outokumpu Oyj: cautious scenario €3.98, base €5.12, optimistic €6.50 per share (as of Sep 23, 2026, price €5.43). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of OUT1V?
The PEG ratio of Outokumpu Oyj is 2.18 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Outokumpu Oyj (OUT1V)?
Balance-sheet figures for Outokumpu Oyj (as of Sep 23, 2026): return on equity −3.5%, debt of 0.11 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is OUT1V from its 52-week high?
Outokumpu Oyj trades at €5.43, about 12% below its 52-week high of €6.20 and 55% above the low of €3.51 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €5.12 is for.
Which stocks are comparable to Outokumpu Oyj?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Outokumpu Oyj stock attractive at the current price?
The data as of Sep 23, 2026: price €5.43, calculated fair value €5.12 (−6%), Quality Score 42/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of OUT1V calculated?
We run Outokumpu Oyj through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €5.12, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Outokumpu Oyj itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Outokumpu Oyj (OUT1V)?
The closing price on Sep 23, 2026 was €5.43. Our model-based fair value is €5.12, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Outokumpu Oyj right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Outokumpu Oyj
How large is the market capitalisation of Outokumpu Oyj (OUT1V)?
The market capitalisation of Outokumpu Oyj is €2.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Outokumpu Oyj (OUT1V)?
The price-to-sales ratio of Outokumpu Oyj is 0.48 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Outokumpu Oyj (OUT1V)?
Earnings per share at Outokumpu Oyj are €−0.2800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Outokumpu Oyj (OUT1V)?
The dividend yield of Outokumpu Oyj is 2.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Outokumpu Oyj (OUT1V)?
The net margin of Outokumpu Oyj is −2.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Outokumpu Oyj (OUT1V)?
The return on equity (ROE) of Outokumpu Oyj is −3.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Outokumpu Oyj (OUT1V)?
On an EBIT basis the return on assets of Outokumpu Oyj is 4.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Outokumpu Oyj (OUT1V)?
The operating margin of Outokumpu Oyj is 0.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Outokumpu Oyj (OUT1V)?
Revenue at Outokumpu Oyj is growing −4.8% versus a year earlier (3y avg −16.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Outokumpu Oyj (OUT1V)?
Earnings per share at Outokumpu Oyj are growing −75.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Outokumpu Oyj (OUT1V) carry?
The net debt of Outokumpu Oyj is €265M (fiscal year 2025, ≈ 3.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 23, 2026