Metsä Board

2.89 EUR

+0.84%

10,902 following

METSB

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

+0.84 %
+1.55 %
-8.14 %
-7.13 %
-2.30 %
-11.24 %
-61.08 %
-69.29 %
-34.82 %

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
1.03B EUR
Turnover
174.68K EUR
P/E (adj.) (26e)
-742.16
EV/EBIT (adj.) (26e)
81.87
P/B (26e)
0.65
EV/S (26e)
0.86
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
3.00 EUR
Updated
29.04.2026
Antti Viljakainen

Head of Research

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
30.7
2026

Interim report Q2'26

29.10
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High

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Metsä Board Q1'26: Bevisbyrden er stadig tung
Research by

Metsä Board Q1'26: Bevisbyrden er stadig tung

Selskabets markedssituation er fortsat vanskelig, og vi har yderligere nedjusteret vores volumen- og indtjeningsestimater for den nærmeste fremtid. Makroeffekterne af krigen i Iran letter heller ikke selskabets turnaround, selvom de igangværende og fremskredne massive effektiviseringstiltag og den faldende træpris vil reducere selskabets tab i år. Vi anser stadig ikke Metsä Boards afkastforventninger for attraktive, når vi tager højde for et turnaround, der i bedste fald vil tage tid, og et potentielt strukturelt svækket driftsmiljø.

Metsä Board Q1'26 preview: Krigen i Iran gør ikke en turnaround lettere
Research by

Metsä Board Q1'26 preview: Krigen i Iran gør ikke en turnaround lettere

Vi gentager vores Reducér-anbefaling på Metsä Board og vores kursmål på 3,00 EUR. Makroøkonomiske konsekvenser af krigen i Iran vil ikke lette selskabets turnaround, selvom de igangværende massive effektiviseringstiltag og den faldende træpris vil reducere selskabets tab i år. Vi anser stadig ikke Metsä Boards afkastforventninger for attraktive, selv med et turnaround, der i bedste fald vil tage tid, og et potentielt strukturelt svækket driftsmiljø.  

Forum discussions
There has been surprisingly little discussion so far about UPM’s upcoming WISA spin-off, even though I think it’s a rather interesting corporate restructuring. In the video, I went through: – what the partial demerger means for the investor in practice – how the 1:1 distribution ...
Quote from @Antti_Viljakainen’s comments: “In our assessment, the clearest risk to the completion of the arrangement has been the stance of the competition authorities from the very beginning, considering the high combined local market shares of the companies. In our opinion, this...
The paper merger of UPM and Sappi in Europe is progressing, with the agreement including financing now signed. Regulatory approvals are pending. A divestment was also mentioned, occurring in 3 years at the earliest. According to the definitive agreement: UPM and Sappi will invest...
Stora Enso plans to reduce softwood pulp production in Sweden. Although the pulp line slated for closure is small, it is good news for Metsä’s and UPM’s pulp mills in Finland, as competing capacity is removed and wood demand in the Nordic region drops slightly. https://www.storaenso...
It will be interesting to see how capacity is closed if/when the deal reaches the finish line. Personally, I bet the cuts will initially target Sappi’s current units, while UPM’s facilities will likely avoid closures at first. My own guess list: SAPPI’s entire Kirkniemi mill to be...
Agreed. Under the Commission’s old playbook, the UPM/Sappi setup would have run into obvious difficulties, whereas with the new thinking, a breakthrough is possible to envision. However, there is still very little evidence of the updated playbook being applied, and of course, the...
Here are Antti’s comments regarding UPM’s agreement to form a graphic paper joint venture with Sappi. As expected, UPM announced it has entered into a definitive agreement for a graphic paper joint venture with Sappi. We assess the arrangement to be a slightly positive step for the...
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