UPM-Kymmene
33.32 EUR +4%17,468 investors are following this company
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.
P/E (24e)
17.57
EV/EBIT (adj.) (24e)
15.37
P/B (24e)
1.56
Dividend yield-% (24e)
4.5 %
Target price
32.00 EUR
Recommendation
Accumulate
Updated
1.2.2024
NASDAQ Helsinki
UPM
Daily low / high price
32.88 / 34.56
EUR
Market cap
17.78B EUR
Turnover
38.82M EUR
Volume
1.2M
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Interim report
2024-04-25
Interim report
2024-07-23
Interim report
2024-10-29
Half year dividend
2024-10-30
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Skandinaviska Enskilda Banken Ab (publ) Helsinki Branch | 55.9 % | 55.9 % |
Citibank Europe Plc | 7.4 % | 7.4 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Henrik Ehrnrooth | 2024-02-02 | 39,539EUR |
Henrik Ehrnrooth | 2024-02-02 | 253,128EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 8,580.0 | 9,814.0 | 11,720.0 | 10,460.0 | 10,758.6 | 11,307.1 | 11,603.7 | 11,706.5 |
growth-% | -16.2 % | 14.4 % | 19.4 % | -10.8 % | 2.9 % | 5.1 % | 2.6 % | 0.9 % |
EBITDA | 1,302.0 | 2,077.0 | 2,495.6 | 1,268.5 | 1,966.2 | 2,326.0 | 2,579.6 | 2,603.5 |
EBIT (adj.) | 948.0 | 1,471.0 | 2,095.6 | 1,013.5 | 1,316.2 | 1,654.1 | 1,902.1 | 1,920.1 |
EBIT | 761.0 | 1,562.0 | 1,973.6 | 608.5 | 1,316.2 | 1,654.1 | 1,902.1 | 1,920.1 |
Profit before taxes | 737.0 | 1,548.0 | 1,943.5 | 463.9 | 1,245.2 | 1,589.0 | 1,847.5 | 1,875.6 |
Net income | 560.0 | 1,286.0 | 1,525.0 | 388.4 | 1,011.5 | 1,288.9 | 1,493.4 | 1,511.7 |
EPS (adj.) | 1.37 | 2.22 | 3.15 | 1.40 | 1.90 | 2.42 | 2.80 | 2.83 |
growth-% | -34.2 % | 62.3 % | 41.9 % | -55.5 % | 35.2 % | 27.4 % | 15.9 % | 1.2 % |
Dividend | 1.30 | 1.30 | 1.50 | 1.50 | 1.50 | 1.60 | 1.70 | 1.84 |
Dividend ratio | 123.8 % | 53.9 % | 52.5 % | 206.0 % | 79.1 % | 66.2 % | 60.7 % | 65.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 15.2 % | 21.2 % | 21.3 % | 12.1 % | 18.3 % | 20.6 % | 22.2 % | 22.2 % |
EBIT-% (adj.) | 11.0 % | 15.0 % | 17.9 % | 9.7 % | 12.2 % | 14.6 % | 16.4 % | 16.4 % |
EBIT-% | 8.9 % | 15.9 % | 16.8 % | 5.8 % | 12.2 % | 14.6 % | 16.4 % | 16.4 % |
ROE | 5.8 % | 12.7 % | 13.1 % | 3.3 % | 9.0 % | 11.1 % | 12.3 % | 11.8 % |
ROI | 6.6 % | 12.4 % | 12.5 % | 3.7 % | 8.9 % | 11.3 % | 13.1 % | 13.4 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 30.47 | 33.46 | 34.93 | 34.06 | 33.32 | 33.32 | 33.32 | 33.32 |
Shares | 533.5 | 533.5 | 533.5 | 533.5 | 533.5 | 533.5 | 533.5 | 533.5 |
Market cap | 16,255.9 | 17,851.1 | 18,635.3 | 18,171.2 | 17,776.4 | 17,776.4 | 17,776.4 | 17,776.4 |
Enterprise value | 16,577.9 | 19,042.1 | 21,602.3 | 20,922.8 | 20,230.9 | 19,487.2 | 18,704.3 | 17,971.4 |
EV/S | 1.9 | 1.9 | 1.8 | 2.0 | 1.9 | 1.7 | 1.6 | 1.5 |
EV/EBITDA | 12.7 | 9.2 | 8.7 | 16.5 | 10.3 | 8.4 | 7.3 | 6.9 |
EV/EBIT (adj.) | 17.5 | 12.9 | 10.3 | 20.6 | 15.4 | 11.8 | 9.8 | 9.4 |
EV/EBIT | 21.8 | 12.2 | 10.9 | 34.4 | 15.4 | 11.8 | 9.8 | 9.4 |
P/E (adj.) | 22.3 | 15.1 | 11.1 | 24.3 | 17.6 | 13.8 | 11.9 | 11.8 |
P/E | 29.0 | 13.9 | 12.2 | 46.8 | 17.6 | 13.8 | 11.9 | 11.8 |
P/B | 1.7 | 1.6 | 1.5 | 1.6 | 1.6 | 1.5 | 1.4 | 1.4 |
P/S | 1.9 | 1.8 | 1.6 | 1.7 | 1.7 | 1.6 | 1.5 | 1.5 |
Dividend yield | 4.3 % | 3.9 % | 4.3 % | 4.4 % | 4.5 % | 4.8 % | 5.1 % | 5.5 % |
Equity ratio | 64.0 % | 62.8 % | 58.0 % | 62.4 % | 63.3 % | 66.2 % | 69.9 % | 73.5 % |
Gearing ratio | 3.4 % | 10.7 % | 23.0 % | 23.9 % | 20.9 % | 14.0 % | 7.2 % | 1.4 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 2,787.4 | 2,557.6 | 2,584.2 | 2,530.8 | 10,460.0 | 2,667.5 | 2,536.8 | 2,706.4 | 2,847.9 |
EBITDA | 433.3 | 263.2 | 208.5 | 363.5 | 1,268.5 | 436.9 | 381.3 | 541.0 | 607.0 |
EBIT | 318.3 | 108.2 | -28.5 | 210.5 | 608.5 | 276.9 | 221.3 | 381.0 | 437.0 |
Profit before taxes | 239.3 | 96.2 | -51.7 | 180.1 | 463.9 | 256.9 | 202.3 | 363.0 | 423.0 |
Net income | 176.3 | 78.2 | -25.7 | 159.6 | 388.4 | 209.2 | 165.9 | 295.3 | 341.1 |
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Invitation to UPM's Capital Markets Day 2024
Tim Kirchen appointed Executive Vice President, UPM Raflatac and member of the Group Executive Team
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