Valuation UPM-Kymmene Oyj

Equities

Market Closed - Nasdaq Helsinki Other stock markets 12:00:00 2026-01-23 pm EST			5-day change	1st Jan Change
24.13 ^EUR	-1.19%		-1.99%	-2.66%

Jan. 19	UB Finland up 4.1 percent in December – Increased Holdings in Valmet and Kojamo	FW
Jan. 13	UBS Raises Price Target for UPM-Kymmene to 28 Euros (27.10), Reiterates Buy	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	16,250	17,845	18,629	18,165	14,165	12,724	12,724	-
Change	-	9.81%	4.39%	-2.49%	-22.02%	-10.17%	0%	-
Enterprise Value (EV) ¹	16,306	18,492	21,003	20,597	17,034	15,992	15,743	15,385
Change	-	13.4%	13.58%	-1.93%	-17.3%	-6.12%	-1.55%	-2.28%
P/E ratio	29x	13.9x	12.2x	46.7x	32.4x	28x	14.4x	10.6x
PBR	1.74x	1.65x	1.49x	1.63x	1.27x	1.22x	1.21x	1.18x
PEG	-	0x	0.7x	-0.6x	2.6x	5.42x	0.2x	0.3x
Capitalization / Revenue	1.89x	1.82x	1.59x	1.74x	1.37x	1.3x	1.26x	1.21x
EV / Revenue	1.9x	1.88x	1.79x	1.97x	1.65x	1.64x	1.56x	1.46x
EV / EBITDA	11.3x	10.2x	8.28x	13.1x	9.82x	11.9x	9.13x	7.43x
EV / EBIT	17.2x	12.6x	10x	20.3x	13.9x	18.2x	13.3x	9.83x
EV / FCF	87.2x	-102x	-23.6x	16.6x	21.1x	18.9x	14.4x	11.7x
FCF Yield	1.15%	-0.98%	-4.24%	6.03%	4.75%	5.3%	6.96%	8.55%
Dividend per Share ²	1.3	1.3	1.5	1.5	1.5	1.508	1.55	1.591
Rate of return	4.27%	3.89%	4.29%	4.4%	5.65%	6.25%	6.42%	6.59%
EPS ²	1.05	2.41	2.86	0.73	0.82	0.8623	1.677	2.278
Distribution rate	124%	53.9%	52.4%	205%	183%	175%	92.4%	69.8%
Net sales ¹	8,580	9,814	11,720	10,460	10,339	9,759	10,068	10,513
EBITDA ¹	1,442	1,821	2,536	1,573	1,734	1,344	1,725	2,069
EBIT ¹	948	1,471	2,096	1,013	1,224	877.5	1,187	1,565
Net income ¹	560	1,286	1,526	388	436	457.9	885.3	1,203
Net Debt ¹	56	647	2,374	2,432	2,869	3,267	3,019	2,660
Reference price ²	30.47	33.46	34.93	34.06	26.56	24.13	24.13	24.13
Nbr of stocks (in thousands)	533,324	533,324	533,324	533,324	533,324	527,324	527,324	-
Announcement Date	1/28/21	1/27/22	2/2/23	2/1/24	2/5/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
UPM-KYMMENE OYJ	28.32x	1.65x	12.01x	6.18%	15.13B
SUZANO S.A.	4.38x	2.74x	6.44x	3.49%	12.19B
HOLMEN AB	18.68x	2.6x	12.02x	3.59%	5.91B
OJI HOLDINGS CORPORATION	16.66x	0.9x	12.37x	3.92%	5.22B
KLABIN S.A.	14.17x	2.41x	6.39x	5.42%	4.52B
EMPRESAS CMPC S.A.	21.72x	1.21x	8.01x	1.61%	3.93B
THE NAVIGATOR COMPANY, S.A.	13.51x	1.5x	7.32x	7.36%	2.71B
XIANHE CO.,LTD.	15.7x	-	-	3.61%	2.45B
Average	16.64x	1.86x	9.22x	4.4%	6.51B
Weighted average by Cap.	17.36x	1.98x	9.60x	4.56%