Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

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.

UPM-Kymmene

25.77 EUR+0.59 %11/9 17:29
22,048 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

Overview
Financials & Estimates
Dividend
Investor views
Compare
+0.59 %
+9.80 %
+3.87 %
-1.49 %
+3.95 %
+11.08 %
-16.28 %
-25.50 %
+219.21 %

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
13.6B EUR
Turnover
31.34M EUR
P/E (adj.) (26e)
18.97
EV/EBIT (adj.) (26e)
17.75
P/B (26e)
1.37
EV/S (26e)
1.81
Dividend yield-% (26e)
5.82 %
Coverage
Recommendation
Reduce
Target price
22.00 EUR
Updated
2026-07-24
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 2026-07-24

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types

Forum discussions
The price of oil and gas is at a level where, if this continues for longer, say through the entire winter, the market will phase out Europe’s small gas-fired plants. The price of pulp rises along with energy; in Finland, the forest industry uses very little gas. When the price of...
9/9/2026, 4:31 PM
by Rajaseudun sissi
19
What is UPM Energy’s data center potential? How much could UPM-Kymmene increase its earnings with a Fortum-Google-style deal? How much could it impact the stock price? UPM is Finland’s second-largest electricity producer, and just as interestingly, its energy assets are of the highest...
9 hours ago
by PörssiPatruuna
10
About 15 years ago, my employer at the time delivered a bark gasification plant to Joutseno. This eliminated the use of natural gas previously used in the recausticizing kiln (meesauuni). Small pulp mills in Central Europe still use natural gas.
9/10/2026, 10:56 AM
by Heikki Tervonen 136656
5
This is off-topic, but I wouldn’t call our dependency small. Probably 2 million vehicles in Finland still run on fossil fuels. E.g., the majority of timber trucks, harvesters, and forwarders.
9/10/2026, 12:01 PM
by Logitech
3
Metsä Board’s CFO Anssi Tammilehto talked about the company as an investment target \n\nMetsä Board sijoituskohteena | Pörssisijoittajan viikko 11.9.2026 - Inderes
yesterday
by Sijoittaja-alokas
2
There it was said. Elsewhere there are a lot of miserable mills, and Finnish companies have got their machinery in shape and prepared for the future in every way, financially as well. China also has those old mills that are suffering from the rise in the price of gas, not to mention...
9/10/2026, 8:46 AM
by Rajaseudun sissi
2
In 2026, a Finnish carton board company sounds about as good an investment target as WinCapita or Sunny Car Center. Unfortunately.
16 hours ago
by Yoda
1
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
28/10
2026

Interim report Q3'26

30/10
2026

Half year dividend

Press release2026-09-08 13:00

UPM-Kymmene Oyj: UPM and Sappi select management nominees for planned graphic paper Joint Venture

UPM-Kymmene
Press release2026-09-01 09:00

UPM-Kymmene Oyj: Invitation to the Capital Markets Day 2026 of future WISA Group

UPM-Kymmene
Analyst Comment2026-09-01 07:05 by
Aapeli Pursimo

UPM:s bolagsstämma godkände bildandet av WISA Group

Beslutet var i linje med våra förväntningar, och vi hade redan beaktat det i våra estimat.

UPM-Kymmene

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
Regulatory press release2026-08-31 14:30

UPM-Kymmene Oyj: Resolutions of UPM-Kymmene Corporation's Extraordinary General Meeting

UPM-Kymmene
Analyst Comment2026-08-27 07:00 by
Antti Viljakainen

Bryssel sätter grus i maskineriet för UPM:s och Sappis pappersaffär

Enligt vår bedömning kan kommissionen antingen godkänna eller avvisa arrangemanget eller tvinga företaget att göra eftergifter. Vi har inte inkluderat arrangemanget i våra estimat.

UPM-Kymmene
Press release2026-08-26 10:10

UPM-Kymmene Oyj: UPM receives European Commission's Statement of Objections

UPM-Kymmene
Regulatory press release2026-08-17 15:00

UPM-Kymmene Oyj: The Finnish Financial Supervisory Authority has approved a supplement to WISA Group Plc's demerger and listing prospectus

UPM-Kymmene
Regulatory press release2026-07-29 12:00

UPM-Kymmene Corporation: Managers' Transactions (Kekki)

UPM-Kymmene
UPM Q2'26: Utsikterna på kort sikt svek, precis som vi befarade
Research2026-07-24 05:55 by
Antti Viljakainen

UPM Q2'26: Utsikterna på kort sikt svek, precis som vi befarade

Den övergripande bilden av UPM:s Q2-rapport var enligt vår mening dyster, eftersom företagets H2-guidning inte levde upp till förväntningarna, precis som vi befarade i vår förhandskommentar.

UPM-Kymmene
UPM Interim Report for January–June 2026
Webcast2026-07-23 12:15

UPM Interim Report for January–June 2026

UPM-Kymmene
Regulatory press release2026-07-23 08:30

UPM Half Year Financial Report 2026: Improved second quarter results in all businesses and portfolio change progressing

UPM-Kymmene
UPM Q2'26 förhandskommentar: Riskerna för den närmaste tidens utsikter är fortsatt nedåtriktade
Analyst Comment2026-07-21 06:49 by
Antti Viljakainen

UPM Q2'26 förhandskommentar: Riskerna för den närmaste tidens utsikter är fortsatt nedåtriktade

Det svaga nyhetsflödet från skogssektorn gör att riskerna för vinstprognosen för slutet av året är nedåtriktade.

UPM-Kymmene
Regulatory press release2026-07-16 15:00

UPM-Kymmene Oyj: The Finnish Financial Supervisory Authority has approved WISA Group Plc's demerger and listing prospectus. WISA Group Plc's Group Leadership Team appointed.

UPM-Kymmene
Regulatory press release2026-07-16 12:00

UPM-Kymmene Oyj: Notice of the Extraordinary General Meeting of UPM-Kymmene Corporation

UPM-Kymmene
Press release2026-07-16 09:00

UPM-Kymmene Oyj: Invitation to UPM's webcast on the half-year financial report 2026

UPM-Kymmene
Press release2026-07-02 10:00

UPM-Kymmene Oyj: UPM achieves a Platinum rating from EcoVadis and an A score from CDP for its supplier engagement

UPM-Kymmene
Press release2026-06-25 09:00

UPM-Kymmene Oyj: UPM and ANDRITZ partner to advance tailored tissue innovation

UPM-Kymmene
Press release2026-06-18 08:40

UPM-Kymmene Oyj: Production curtailments at UPM's pulp mills in Finland

UPM-Kymmene
Press release2026-06-15 13:00

UPM-Kymmene Oyj: UPM Adhesive Materials highlights climate progress and value chain collaboration in its 2025 Climate Review

UPM-Kymmene
Press release2026-06-11 10:00

UPM-Kymmene Oyj: New climate report from UPM Communication Papers marks major progress toward 2030 climate target

UPM-Kymmene