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Metsä Board

2.88 EUR

-3.42 %

10,836 following

METSB

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

-3.42 %
+0.07 %
-9.78 %
-8.11 %
-32.15 %
-34.92 %
-66.53 %
-64.51 %
-35.09 %

Metsä Board is a manufacturing company active in the paper and pulp industry. The company is a manufacturer of cartons made of forest fiber. The products are used for consumer and food products. In addition to the production of cartons, the company offers services related to technical analysis and design development. The company is most active in the European market. Metsä Board´s head office is located in Espoo, Finland.

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Market cap
1.02B EUR
Turnover
1.39M EUR
P/E (adj.) (25e)
-18.09
EV/EBIT (adj.) (25e)
-27.65
P/B (25e)
0.62
EV/S (25e)
0.86
Dividend yield-% (25e)
-
Coverage
Recommendation
Reduce
Target price
3.00 EUR
Updated
23.10.2025
Antti Viljakainen
Antti Viljakainen

Head of Research

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
5.2
2026

Annual report '25

19.3
2026

General meeting '26

29.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
It’s good to note that those enterprise values include debts and pension liabilities. Sappi’s press release makes it clearer that the arrangement is actually completely symmetrical from the companies’ perspective; both are net contributing €127-128m to the company (net assets - received...
12/4/2025, 8:38 PM
by ollikohan
25
Yes, this seems like a sensible move! Plywood could now be kept within UPM ”According to CEO Massimo Reynaudo, UPM would benefit from the arrangement by receiving cash, transferring pension liabilities to the joint venture, and owning half of the new company.\n\nThe arrangement would...
12/4/2025, 6:21 PM
by PörssiPatruuna
20
That slide in UPM’s presentation today tells how strong UPM’s desire is to get rid of graphic papers. UPM’s contribution to the company is 3.43 times more valuable than SAPPI’s. Still, the ownership stakes are 50/50, as UPM wants to get much more cash out of the arrangement immediately...
12/4/2025, 8:07 PM
by Logitech
16
Here are also Antti’s comments on this upcoming joint venture between UPM and Sappi. UPM and Sappi intend to establish a joint venture for graphic papers. In our opinion, the arrangement is strategically sound, as it reduces the company’s dependence on a structurally declining paper...
12/5/2025, 6:12 AM
by Sijoittaja-alokas
15
publish.ne.cision.com ViewReleaseInStandardHtml UPM invests in domestic logistics UPM is replacing the foreign wagon capacity of its timber transports with domestic ones by purchasing raw timber wagons manufactured in Pieksämäki from VR FleetCare. The new wagon fleet will transport...
14 hours ago
by Cadel
12
Thanks for the observations. I wondered about those figures and thought that UPM, based on them, would immediately reduce its investment in graphic paper in the arrangement. However, UPM brings about 3.7 Mt of annual capacity to the JV, while SAPPI brings about 2.0 Mt. It’s unlikely...
12/4/2025, 9:07 PM
by Logitech
6
When UPM sold its packaging material business to Billerud in 2012, the same pattern was also in Pietarsaari in addition to Tervasaari. In Pietarsaari, UPM produces pulp, and on the same plot, Billerud still makes kraft paper and sack paper.
10 hours ago
by Enronin tilintarkastaja
3
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