Metsä Board

2.93 EUR

+0.14 %

10,900 following

METSB

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

+0.14 %
+9.72 %
-6.74 %
-5.72 %
-1.54 %
-9.94 %
-60.32 %
-69.77 %
-33.83 %

Metsä Board is a manufacturing company active in the paper and pulp industry. The company is a manufacturer of cartons made of forest fiber. The products are used for consumer and food products. In addition to the production of cartons, the company offers services related to technical analysis and design development. The company is most active in the European market. Metsä Board´s head office is located in Espoo, Finland.

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Market cap
1.04B EUR
Turnover
1.66M EUR
P/E (adj.) (26e)
-753.46
EV/EBIT (adj.) (26e)
82.72
P/B (26e)
0.66
EV/S (26e)
0.87
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
3.00 EUR
Updated
2026-04-29
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 2026-04-30

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
30/7
2026

Interim report Q2'26

29/10
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
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Metsä Board Q1'26: Bevisbördan är fortfarande tung
Research by
Antti Viljakainen

Metsä Board Q1'26: Bevisbördan är fortfarande tung

Företagets marknadssituation är fortfarande svår och vi har ytterligare sänkt våra volym- och vinstestimat för den närmaste framtiden. Makroeffekterna av kriget i Iran underlättar inte heller företagets vändning till vinst, även om pågående och väl framskridna massiva effektiviseringsåtgärder och ett sjunkande träpris minskar företagets förluster i år. Vi anser fortfarande inte att Metsä Boards avkastningsförväntan är attraktiv, med tanke på den i bästa fall tidskrävande vinstvändningen och en potentiellt strukturellt försvagad verksamhetsmiljö.

Metsä Board
Metsä Board Q1'26 förhandskommentar: Kriget i Iran underlättar inte vändningen
Research by
Antti Viljakainen

Metsä Board Q1'26 förhandskommentar: Kriget i Iran underlättar inte vändningen

Vi upprepar vår Minska-rekommendation för Metsä Board och riktkursen på 3,00 EUR. Makroeffekterna av kriget i Iran underlättar inte företagets vändning, även om de pågående massiva effektiviseringsåtgärderna och det sjunkande priset på trä minskar företagets förluster i år. Vi anser inte att Metsä Boards avkastningsförväntningar är attraktiva, med tanke på den i bästa fall tidskrävande vändningen i resultatet och en potentiellt strukturellt försvagad verksamhetsmiljö.  

Metsä Board
Forum discussions
There has been surprisingly little discussion so far about UPM’s upcoming WISA spin-off, even though I think it’s a rather interesting corporate restructuring. In the video, I went through: – what the partial demerger means for the investor in practice – how the 1:1 distribution ...
yesterday
20
Quote from @Antti_Viljakainen’s comments: “In our assessment, the clearest risk to the completion of the arrangement has been the stance of the competition authorities from the very beginning, considering the high combined local market shares of the companies. In our opinion, this...
yesterday
by PörssiPatruuna
18
The paper merger of UPM and Sappi in Europe is progressing, with the agreement including financing now signed. Regulatory approvals are pending. A divestment was also mentioned, occurring in 3 years at the earliest. According to the definitive agreement: UPM and Sappi will invest...
yesterday
by Opa
18
Stora Enso plans to reduce softwood pulp production in Sweden. Although the pulp line slated for closure is small, it is good news for Metsä’s and UPM’s pulp mills in Finland, as competing capacity is removed and wood demand in the Nordic region drops slightly. https://www.storaenso...
5/26/2026, 8:52 AM
by Logitech
17
It will be interesting to see how capacity is closed if/when the deal reaches the finish line. Personally, I bet the cuts will initially target Sappi’s current units, while UPM’s facilities will likely avoid closures at first. My own guess list: SAPPI’s entire Kirkniemi mill to be...
yesterday
by Logitech
11
Agreed. Under the Commission’s old playbook, the UPM/Sappi setup would have run into obvious difficulties, whereas with the new thinking, a breakthrough is possible to envision. However, there is still very little evidence of the updated playbook being applied, and of course, the...
yesterday
by Antti Viljakainen
9
A new, relatively large softwood pulp mill is also emerging in South America (Argentina). South American softwood pulp might not be exactly the same in terms of fiber length or other properties as Nordic pulp, but could it partially take market share in simpler applications? Especially...
5/23/2026, 5:42 PM
by Logitech
8
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