Copyright © Inderes 2011 - present. All rights reserved.

UPM-Kymmene

23.86 EUR

+0.21 %

20,741 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

+0.21 %
-0.38 %
+0.55 %
+3.29 %
-10.17 %
-8.44 %
-31.55 %
-21.69 %
+195.55 %

UPM-Kymmene is active in the forest industry. The company currently works with the development of wood biomass and biofuel. The product portfolio is broad and includes, for example, biochemicals, printing materials, paper, and timber. The company has operations on a global level, with the largest presence around the European market. The head office is located in Helsinki.

Read more
Market cap
12.59B EUR
Turnover
6.59M EUR
P/E (adj.) (25e)
20.12
EV/EBIT (adj.) (25e)
18.59
P/B (25e)
1.19
EV/S (25e)
1.63
Dividend yield-% (25e)
6.29 %
Coverage
Recommendation
Reduce
Target price
24.00 EUR
Updated
2025-10-29
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 2025-10-29

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
4/2
2026

Annual report '25

9/4
2026

General meeting '26

29/4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
UPM och Sappi omorganiserar sina affärsområden för grafiskt papper till ett joint venture-bolag
Analyst Comment by
Antti Viljakainen

UPM och Sappi omorganiserar sina affärsområden för grafiskt papper till ett joint venture-bolag

UPM och Sappi planerar att bilda ett joint venture-bolag för grafiska papper. Vi anser att arrangemanget är strategiskt förnuftigt, eftersom det minskar företagets beroende av en strukturellt sjunkande pappersmarknad med svaga utsikter. Arrangemanget föranleder dock inga omedelbara revideringar av våra estimat för UPM för de närmaste åren eller vår ståndpunkt om företaget, eftersom pappersaffärsområdenas andel av aktiens värde är måttlig.

UPM-Kymmene
UPM Q3'25: Det är svårt
Research by
Antti Viljakainen

UPM Q3'25: Det är svårt

Den övergripande bilden av UPM:s Q3-rapport var något negativ och utsikterna på kort sikt förblir svåra, även om företaget aktivt vidtar åtgärder för att stödja vinstutvecklingen. Vi sänkte våra estimat något efter rapporten. Aktien är inte billig på kort sikt, även om vinsten förväntas vända uppåt nästa år från årets låga nivå. Därför upprepar vi vår riktkurs på 24,00 EUR för UPM och vår Minska-rekommendation.

UPM-Kymmene
Forum discussions
publish.ne.cision.com ViewReleaseInStandardHtml UPM is launching UPM Circular Renewable Black™ pigment, a groundbreaking innovation that redefines the role of black color in sustainable packaging. UPM Circular Renewable Black is the world’s first bio-based and carbon-negative\[1\...
12/11/2025, 8:02 AM
by Cadel
41
My memory of the early 2010s is different. I remember Pesonen saying directly that newsprint machines would not be converted or renewed, but rather run to their end, and the resulting cash flow would be used to develop new businesses. UPM thus made a different strategic choice than...
12/10/2025, 7:39 AM
by Monopoly_of_bees
23
This 2025 pulp price curve doesn’t give much cause for celebration. Additionally, over the weekend, news came that the economy in the price-leading region, namely China, is struggling badly. Is the pulp producers’ elimination game truly beginning?
12/15/2025, 11:37 AM
by PörssiPatruuna
15
This issue of raw wood prices in Finland will only be resolved if 1) a couple of medium-sized pulp mills and a few sawmills/plywood factories are closed domestically, or 2) wood starts coming from Russia again. Otherwise, I agree with Jekkku, those are the endangered pulp mills. ...
yesterday
by Logitech
9
Comparing the change over a 10-year period, production has decreased and revenue has increased: UPM revenue 2024: 10.3 billion (2014: 9.9) Products 2024: 10.1 Mt + 1.7 Mm3 (2014: 13 Mt + 2.1 Mm3) Sources: https://www.upm.com/siteassets/investors/reports-and-presentations/2024/upm...
12/10/2025, 8:54 AM
by Täystumpelo
8
News Powered by Cision UPM lopettaa graafisen paperin tuotannon Ettringenissä – muutosneuvottelut... (UPM, Helsinki, 16.12.2025, klo 18.30) – UPM ilmoitti maaliskuussa 2025 suunnittelevansa UPM announced in March 2025 its plan to cease graphic paper production at Ettringen, Germany...
23 hours ago
by Cadel
6
It certainly looks bad, but luckily the price of wood has already come down. Apparently, in addition, cardboard has started flowing into Europe from China in increasing amounts, which creates even more price pressure. Next, will Joutseno, Uimaharju, Kaukas, or even Anjala permanently...
12/15/2025, 12:47 PM
by Jekkku
4
Read more on our forum
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.