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Stora Enso

13,75 EUR +1,1 %
10 557 investerare följer bolaget.

Stora Enso är en global skogsindustrikoncern. Inom koncernen återfinns produktion och utveckling av tidnings- och bokpapper, konsumentkartonger, industriförpackningar samt övriga träprodukter. Koncernen har verksamhet på global nivå med störst närvaro inom Europa samt Nordamerika. Bolaget grundades under 1998 vid sammanslagningen av Finska Enso och svenska Stora Kopparbergs Bergslags Aktiebolag. Huvudkontoret ligger i Helsingfors.

P/E (23e)
12,18
EV/EBIT (23e)
11
P/B (23e)
0,84
Direktavkastnings- % (23e)
4,51 %
Riktkurs
14.00 EUR
Rekommendation
Minska
Uppdaterad
31.1.2023
NASDAQ Helsinki
STEAV
Dagens lägsta / högsta pris
13,6 / 13,8 EUR
Börsvärde
2,42 md EUR
Omsättning
15,82 tn EUR
Volym
1,2 tn
Risk och rekommendation
HögRiskLåg
SäljRekommendationKöp

Senaste analyserna

Stora Enso: Flow in the wrong direction was stronger than expected
2023-02-01
Stora Enso: We still favor the peers in the sector
2022-10-24
Stora Enso: Still waiting, but with a finger on the trigger already
2022-07-25

Analyst

Antti Viljakainen
Antti Viljakainen
Analyst

Senast publicerade videor

Stora Enso, Audiocast with teleconference, Q4, 2022
2023-01-31
Stora Enso: a Forest Industry's Giant
2022-08-03

Finansiell kalender

Delårsrapport
2023-04-25
Delårsrapport
2023-07-21
Delårsrapport
2023-10-24

Forum updates

Stay up-to-date with the latest talk about Stora Enso
Read the full thread
Visit the forum
Stora Enso published its Q3’22 report today. And it was strong. Analyst Antti Viljakainen comment that result exceeded the expected good comparative figures and market expectations and reached an absolutely excellent result level. However in the market comments, the overall tone was more cautious than before, and the turnaround in the earnings trend, which we have been waiting for some time, is approaching. “Looking ahead, we see the first signs of potential macroeconomic slow-down that could eventually also impact our business. I am however confident in our ability to be proactive and to adapt,” Stora Enso’s President and CEO Annica Bresky commented in release. Inderes - Award Winning Research Stora Enso Oyj Interim Report January-September 2022 Strong quarterly performance and executing on our strategic agenda to accelerate long-term growthQ3/2022 (year-on-year)Sales increased by 15% to EUR 2,963 (2,577) million.Operational EBIT increased... Stora Enso also released, as it was expected, that it will invest approximately EUR 1 billion to convert the remaining idle paper machine at the Group’s Oulu site in Finland into a high-volume consumer board production line. Inderes - Award Winning Research Stora Enso Oyj: Stora Enso invests in conversion to accelerate growth in... Stora Enso has decided to invest approximately EUR 1 billion to convert the remaining idle paper machine at the Group's Oulu site in Finland into a high-volume consumer board production line...
Antti Järvenpää
för 4 månader sedan💙 2
Skogsindustrin har medvind och Stora Enso går starkt i ett gynnsamt marknadsläge. Q2’22 var synnerligen gott för hela sektorn och i juni höjde bolaget sin prognos för helåret 2022 pga det starka marknadsläget. Se mer bl.a: storaenso.com Stora Ensos halvårsrapport januari–juni 2022 STORA ENSO OYJ HALVÅRSRAPPORT 2022-07-22 kl. 8.30 EEST Analytiker Antti Viljakainen är har följt bolaget i över 10 år och följt dess tranformation från traditionell papperstillverkare till hur bolaget ser ut idag:, som Stora Enso själv beskriver “en global leverantör av förnybara lösningar inom förpackningar, biomaterial, träkonstruktion och papper.” Jag rekommenderar verkligen Viljakainens senaste analys - där han varnar bl.a för cykliskheten i branschen, (dvs undvik fartblindhet ;)) och lyfter fram sektorns särdrag i sin helhet + rådande läge: Inderes - Award Winning Research Stora Enso: Still waiting, but with a finger on the trigger already The market situation is still strong for Stora Enso and robust earnings growth will continue this year. However, we believe that the risk of the cyclical earnings peak being overtaken is very... Kolla även in den färska videon, där superba Aaro Vasama intervjuar om bl.a. Viljakainen om affärsmodell, marknad och framtidsutsikter! Sevärd!!
Isa Hudd
för 6 månader sedan💙 2
Stora Enso has received regulatory approval to proceed with the acquisition of De Jong Packaging Group. Closure of the transaction is expected to be finalised at the beginning of 2023. Inderes - Award Winning Research Stora Enso Oyj: Stora Enso received approval for the acquisition of De Jong... Stora Enso has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group, announced in September 2022. Closure of the transaction is still...
Antti Järvenpää
för 2 månader sedan💙 1
Inderes - Award Winning Research Stora Enso: We still favor the peers in the sector We added M&As announced by the company in September to our estimates and after Friday's Q3 report, we updated our estimates to include the further weakened economic outlook and other market ...
Isa Hudd
för 4 månader sedan💙 1

Income statement

20192020202120222023e2024e2025e2026e
Revenue10 055,008 553,0010 164,0011 680,0010 996,9011 363,6012 199,0012 738,70
growth-%−4,11 %−14,94 %18,84 %14,92 %−5,85 %3,33 %7,35 %4,42 %
EBITDA1 902,001 531,002 265,002 644,001 930,722 057,412 192,322 290,59
EBIT (adj.)953,00651,001 528,001 891,001 250,721 326,251 428,901 513,78
EBIT1 305,00922,001 568,002 009,001 245,721 326,251 428,901 513,78
Profit before taxes1 137,00773,001 419,001 858,001 095,721 194,671 290,661 396,88
Net income880,00626,001 266,001 549,00886,58945,741 022,531 107,50
EPS (adj.)0,760,481,561,761,131,201,301,40
growth-%−41,39 %−36,50 %224,74 %12,32 %−35,74 %6,19 %8,12 %8,31 %
Dividend0,300,300,550,600,620,670,750,80
Dividend ratio26,89 %37,79 %34,26 %30,55 %55,15 %55,87 %57,84 %56,97 %

Profitability and return on capital

20192020202120222023e2024e2025e2026e
EBITDA-%18,92 %17,90 %22,28 %22,64 %17,56 %18,11 %17,97 %17,98 %
EBIT-% (adj.)9,48 %7,61 %15,03 %16,19 %11,37 %11,67 %11,71 %11,88 %
EBIT-%12,98 %10,78 %15,43 %17,20 %11,33 %11,67 %11,71 %11,88 %
ROE12,44 %7,71 %12,99 %13,35 %6,96 %7,18 %7,49 %7,82 %
ROI12,05 %7,35 %11,15 %12,94 %7,43 %7,84 %8,36 %8,83 %

Valuation

20192020202120222023e2024e2025e2026e
Share price (EUR)13,5515,9016,6013,9013,7513,7513,7513,75
Shares788,63788,63788,63788,63788,63788,63788,63788,63
Market cap10 685,9612 539,2513 091,2910 961,9810 843,6910 843,6910 843,6910 843,69
Enterprise value13 989,9615 628,2515 547,2913 016,9813 709,0413 552,4413 238,7012 641,04
EV/S1,391,831,531,111,251,191,090,99
EV/EBITDA7,3610,216,864,927,106,596,045,52
EV/EBIT (adj.)14,6824,0110,176,8810,9610,229,268,35
EV/EBIT10,7216,959,926,4811,0010,229,268,35
P/E (adj.)17,8633,0010,617,9112,1811,4710,609,79
P/E12,1420,0310,347,0812,2311,4710,609,79
P/B1,441,421,230,870,840,810,780,75
P/S1,061,471,290,940,990,950,890,85
Dividend yield2,21 %1,89 %3,31 %4,32 %4,51 %4,87 %5,45 %5,82 %
Equity ratio49,31 %50,45 %56,06 %59,76 %60,53 %62,12 %63,50 %65,64 %
Gearing ratio44,52 %35,13 %23,03 %16,44 %22,19 %20,26 %17,27 %12,50 %

Quarter data

Q1/22Q2/22Q3/22Q4/222022Q1/23eQ2/23eQ3/23eQ4/23e
Revenue2 798,003 054,002 964,002 864,0011 680,002 764,132 753,352 658,962 820,44
EBITDA597,55531,45644,60870,402 644,00534,83465,26479,14451,49
EBIT393,55399,45510,60705,402 009,00344,83300,26314,14286,49
Profit before taxes374,55370,45447,40665,601 858,00307,33262,76276,64248,99
Net income288,55303,45371,40585,601 549,00248,37212,70223,81201,70
Showing Alla typer av innehåll
Publisher
Aktieanalys

Stora Enso: Flow in the wrong direction was stronger than expected

Stora Enso's Q4 report was weaker than expected and the company's near-term outlook is also weak in many areas due to sluggish demand and inflationary challenges.

Stora Enso
2023-02-01 av Antti Viljakainen
Publisher
Video

Stora Enso, Audiocast with teleconference, Q4, 2022

Stora Enso
2023-01-31
Publisher
Aktieanalys

Stora Enso: We still favor the peers in the sector

We added M&As announced by the company in September to our estimates and after Friday's Q3 report, we updated our estimates to include the further weakened economic outlook and other market data. Short-term estimate changes are minimal, but we raised...

Stora Enso
2022-10-24 av Antti Viljakainen
Publisher
Artikel

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The euro fell below parity with the dollar in August and has also remained there. Since the beginning of the year, the common currency has already slipped over 15 % to the dollar, but has strengthened to other European currencies, such as the Swedish...

LeadDeskFinnairKonecranesMetso Outotec
2022-10-05 av Marianne Palmu
Publisher
Video

Stora Enso: a Forest Industry's Giant

Stora Enso is a global forest industry group. The business segments include the production and development of newsprint and book paper, consumer boxes, industrial packaging, and other wood products. The markets have witnessed a record year for forest...

Stora Enso
2022-08-03
Publisher
Aktieanalys

Stora Enso: Still waiting, but with a finger on the trigger already

The market situation is still strong for Stora Enso and robust earnings growth will continue this year. However, we believe that the risk of the cyclical earnings peak being overtaken is very acute, which we expect to make the market increasingly nervous...

Stora Enso
2022-07-25 av Antti Viljakainen
Publisher
Aktieanalys

Stora Enso: Cyclical risk haunts even though guidance increased

Stora Enso issued a positive earnings revision yesterday for the current year, but the expected revision did not change estimates much. We feel the risk of Stora Enso’s cyclical earnings peak approaching is significant, which we believe the market is...

Stora Enso
2022-06-14 av Antti Viljakainen
Publisher
Aktieanalys

Stora Enso: Risk lies in the market situation being perfect

Stora Enso's short-term market situation is strong and robust earnings growth seems to continue this year. However, the risk of approaching a cyclical earnings peak is still too great in our view, and we also estimate that the market is also becoming increasingly nervous about that.

Stora Enso
2022-04-29 av Antti Viljakainen