ORNBV:OMXHEXOrion Oyj Class B Analysis

Technical outlook: Orion Oyj trades at €71.68, exactly at its identified resistance level, with a 20‑day SMA of €68.24 and a 200‑day SMA of €66.32 indicating an overall uptrend. However, the RSI sits at 74, flagging overbought conditions, while the MACD remains bullish. The stock’s beta is a modest 0.18, suggesting limited market‑wide volatility, yet the 30‑day volatility spikes at 27.5%.
Fundamental strength: The company posted 18% revenue growth, gross margins near 65%, and a remarkable ROE of 48%, far outpacing peers. At a forward‑looking P/E of 19 versus an industry average of 27, Orion appears relatively cheap, though its DCF‑derived fair value of €62 is below the current price, hinting at short‑term overvaluation. A 2.5% dividend yield with a 45% payout ratio, solid cash flow, and manageable debt further underpin its defensive profile.