Metsä Board
7.19 EUR +1.7%10,514 investors are following this company
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.
P/E (24e)
16.57
EV/EBIT (adj.) (24e)
14.94
P/B (24e)
1.3
Dividend yield-% (24e)
4.17 %
Target price
6.50 EUR
Recommendation
Reduce
Updated
9.2.2024
NASDAQ Helsinki
METSB
Daily low / high price
7.025 / 7.19
EUR
Market cap
2.56B EUR
Turnover
1.77M EUR
Volume
248K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Interim report
2024-04-25
Interim report
2024-08-01
Interim report
2024-10-24
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Metsäliitto Cooperative | 51.8 % | 68.9 % |
Varma Mutual Pension Insurance Company | 4.9 % | 6.0 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Ilkka Hämälä | 2023-06-08 | 41,375EUR |
Ilkka Hämälä | 2023-06-08 | 7,800EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 1,889.5 | 2,084.1 | 2,479.5 | 1,941.9 | 2,243.6 | 2,312.0 | 2,391.0 | 2,436.0 |
growth-% | -2.2 % | 10.3 % | 19.0 % | -21.7 % | 15.5 % | 3.1 % | 3.4 % | 1.9 % |
EBITDA | 321.8 | 466.1 | 614.6 | 214.6 | 320.1 | 391.8 | 420.0 | 437.6 |
EBIT (adj.) | 221.3 | 386.6 | 520.7 | 122.2 | 206.1 | 276.0 | 298.0 | 309.0 |
EBIT | 227.3 | 375.9 | 531.5 | 120.8 | 206.1 | 276.0 | 298.0 | 309.0 |
Profit before taxes | 212.3 | 365.8 | 524.9 | 120.9 | 194.1 | 261.8 | 286.6 | 298.7 |
Net income | 170.1 | 292.1 | 409.9 | 94.8 | 154.3 | 208.0 | 223.6 | 233.9 |
EPS (adj.) | 0.46 | 0.85 | 1.14 | 0.27 | 0.43 | 0.58 | 0.63 | 0.66 |
growth-% | 12.3 % | 82.6 % | 33.9 % | -76.2 % | 60.5 % | 34.8 % | 7.5 % | 4.6 % |
Dividend | 0.26 | 0.41 | 0.58 | 0.25 | 0.30 | 0.34 | 0.38 | 0.43 |
Dividend ratio | 54.3 % | 49.9 % | 50.3 % | 93.7 % | 69.1 % | 58.1 % | 60.4 % | 65.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 17.0 % | 22.4 % | 24.8 % | 11.1 % | 14.3 % | 16.9 % | 17.6 % | 18.0 % |
EBIT-% (adj.) | 11.7 % | 18.5 % | 21.0 % | 6.3 % | 9.2 % | 11.9 % | 12.5 % | 12.7 % |
EBIT-% | 12.0 % | 18.0 % | 21.4 % | 6.2 % | 9.2 % | 11.9 % | 12.5 % | 12.7 % |
ROE | 12.5 % | 18.9 % | 21.7 % | 4.8 % | 8.0 % | 10.3 % | 10.6 % | 10.6 % |
ROI | 12.6 % | 18.2 % | 21.3 % | 4.8 % | 8.3 % | 10.8 % | 11.4 % | 11.5 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 8.62 | 8.61 | 8.77 | 7.19 | 7.19 | 7.19 | 7.19 | 7.19 |
Shares | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 |
Market cap | 3,064.7 | 3,061.2 | 3,116.3 | 2,556.3 | 2,556.3 | 2,556.3 | 2,556.3 | 2,556.3 |
Enterprise value | 3,301.9 | 3,242.7 | 3,471.8 | 2,961.6 | 3,078.3 | 3,010.3 | 2,950.5 | 2,931.9 |
EV/S | 1.7 | 1.6 | 1.4 | 1.5 | 1.4 | 1.3 | 1.2 | 1.2 |
EV/EBITDA | 10.3 | 7.0 | 5.6 | 13.8 | 9.6 | 7.7 | 7.0 | 6.7 |
EV/EBIT (adj.) | 14.9 | 8.4 | 6.7 | 24.2 | 14.9 | 10.9 | 9.9 | 9.5 |
EV/EBIT | 14.5 | 8.6 | 6.5 | 24.5 | 14.9 | 10.9 | 9.9 | 9.5 |
P/E (adj.) | 18.5 | 10.1 | 7.7 | 26.6 | 16.6 | 12.3 | 11.4 | 10.9 |
P/E | 18.0 | 10.5 | 7.6 | 27.0 | 16.6 | 12.3 | 11.4 | 10.9 |
P/B | 2.2 | 1.8 | 1.5 | 1.3 | 1.3 | 1.2 | 1.2 | 1.1 |
P/S | 1.6 | 1.5 | 1.3 | 1.3 | 1.1 | 1.1 | 1.1 | 1.0 |
Dividend yield | 3.0 % | 4.8 % | 6.6 % | 3.5 % | 4.2 % | 4.7 % | 5.3 % | 5.9 % |
Equity ratio | 60.1 % | 63.2 % | 66.2 % | 67.2 % | 67.1 % | 69.2 % | 70.7 % | 71.4 % |
Gearing ratio | 17.2 % | -4.2 % | 4.3 % | 7.1 % | 12.4 % | 8.8 % | 5.8 % | 4.8 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 593.6 | 446.6 | 479.0 | 422.7 | 1,941.9 | 547.4 | 553.1 | 565.3 | 577.8 |
EBITDA | 113.4 | 55.0 | 21.1 | 25.1 | 214.6 | 65.0 | 70.5 | 91.8 | 92.9 |
EBIT | 88.4 | 29.6 | 3.0 | -0.2 | 120.8 | 36.5 | 42.0 | 63.3 | 64.4 |
Profit before taxes | 87.7 | 27.5 | 4.3 | 1.4 | 120.9 | 33.5 | 39.0 | 60.3 | 61.4 |
Net income | 67.9 | 19.8 | 4.6 | 2.5 | 94.8 | 27.4 | 30.3 | 47.9 | 48.6 |
ShowingAll content types
Metsä Board Oyj: Invitation to conference call and webcast presentation of Metsä Board's January-March 2024 results
Metsä Board Oyj: Resolutions of Metsä Board Corporation's Annual General Meeting
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