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UPM-Kymmene

23.37 EUR

-2.22 %

21,074 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

-2.22 %
-5.27 %
-5.73 %
-0.68 %
-1.23 %
-17.30 %
-29.65 %
-20.75 %
+189.48 %

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.

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Market cap
12.33B EUR
Turnover
34.38M EUR
P/E (adj.) (25e)
19.7
EV/EBIT (adj.) (25e)
18.29
P/B (25e)
1.16
EV/S (25e)
1.6
Dividend yield-% (25e)
6.42 %
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
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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
Forum discussions
Wood prices seem to continue their decline - it looks like we are already at early 2023 levels: Up-to-date timber prices | Metsälehti
1/23/2026, 8:54 AM
by UNLI1
18
The primary interest lies in the outlook and whether the dividend will be cut or financed through debt. Naturally, the ramp-up of Leuna is also of interest, along with information on wood price trends and the profitability of pulp production in Finland versus Uruguay. Additionally...
1/29/2026, 6:22 AM
by PörssiPatruuna
17
Billerud just reported its Q4 results, and the report is here. The Q4 result fell quite clearly short of the consensus found on the company’s own website. In Europe, conditions were/are very difficult in the paperboard markets plagued by overcapacity, while the North American paper...
1/30/2026, 6:16 AM
by Antti Viljakainen
16
Better than those Central European family-owned companies still hanging on, which are driving their solitary assets (one or two paper machines) toward the grave. They are on their last legs and on the brink of bankruptcy. At the other end of the spectrum is UPM, which has the economies...
1/20/2026, 5:05 PM
by Logitech
14
Here are the pre-results comments from Head Analyst Antti regarding Metsä Board’s Q4 results, which will be published in the Q4 report on Thursday, Feb 5. We expect the company’s end of the year to have remained very difficult in terms of earnings and the adjusted operating result...
1/30/2026, 8:31 AM
by Sijoittaja-alokas
8
I don’t think so; rather, to my ear at first blush, it sounds like a typical move to raise the average price, as sheets typically fetch a better price than rolls and a service center likely also shortens delivery times for Central European customers. Sheeting doesn’t really even ...
1/23/2026, 3:06 PM
by Antti Viljakainen
6
Getting strong Stromsdal vibes from that. Small companies just can’t survive in a business like this, where everyone is being squeezed.
1/20/2026, 10:55 AM
by TitoK
6
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