Metsä Board
6.87 EUR -1.15%10,497 investors are following this company
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.
P/E (24e)
17.87
EV/EBIT (adj.) (24e)
15.68
P/B (24e)
1.26
Dividend yield-% (24e)
4.37 %
Target price
7.00 EUR
Recommendation
Reduce
Updated
25.4.2024
NASDAQ Helsinki
METSB
Daily low / high price
6.785 / 6.975
EUR
Market cap
2.44B EUR
Turnover
3.1M EUR
Volume
452K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Interim report
01.08.2024
Interim report
24.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Metsäliitto Cooperative | 51.8 % | 68.9 % |
Varma Mutual Pension Insurance Company | 4.9 % | 6.0 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Ilkka Hämälä | 08.06.2023 | 41,375EUR |
Ilkka Hämälä | 08.06.2023 | 7,800EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 1,889.5 | 2,084.1 | 2,479.5 | 1,941.9 | 2,114.4 | 2,335.0 | 2,393.0 | 2,419.0 |
growth-% | -2.2 % | 10.3 % | 19.0 % | -21.7 % | 8.9 % | 10.4 % | 2.5 % | 1.1 % |
EBITDA | 321.8 | 466.1 | 614.6 | 214.6 | 299.8 | 388.4 | 427.6 | 457.7 |
EBIT (adj.) | 221.3 | 386.6 | 520.7 | 122.2 | 188.9 | 273.0 | 293.0 | 308.0 |
EBIT | 227.3 | 375.9 | 531.5 | 120.8 | 180.4 | 273.0 | 293.0 | 308.0 |
Profit before taxes | 212.3 | 365.8 | 524.9 | 120.9 | 168.5 | 258.8 | 279.9 | 296.9 |
Net income | 170.1 | 292.1 | 409.9 | 94.8 | 129.8 | 205.4 | 218.0 | 232.4 |
EPS (adj.) | 0.46 | 0.85 | 1.14 | 0.27 | 0.38 | 0.58 | 0.61 | 0.65 |
growth-% | 12.3 % | 82.6 % | 33.9 % | -76.2 % | 42.3 % | 50.2 % | 6.1 % | 6.6 % |
Dividend | 0.26 | 0.41 | 0.58 | 0.25 | 0.30 | 0.34 | 0.38 | 0.42 |
Dividend ratio | 54.3 % | 49.9 % | 50.3 % | 93.7 % | 82.2 % | 58.9 % | 62.0 % | 65.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 17.0 % | 22.4 % | 24.8 % | 11.1 % | 14.2 % | 16.6 % | 17.9 % | 18.9 % |
EBIT-% (adj.) | 11.7 % | 18.5 % | 21.0 % | 6.3 % | 8.9 % | 11.7 % | 12.2 % | 12.7 % |
EBIT-% | 12.0 % | 18.0 % | 21.4 % | 6.2 % | 8.5 % | 11.7 % | 12.2 % | 12.7 % |
ROE | 12.5 % | 18.9 % | 21.7 % | 4.8 % | 6.8 % | 10.3 % | 10.5 % | 10.6 % |
ROI | 12.6 % | 18.2 % | 21.3 % | 4.8 % | 7.3 % | 10.7 % | 11.2 % | 11.6 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 8.62 | 8.61 | 8.77 | 7.19 | 6.87 | 6.87 | 6.87 | 6.87 |
Shares | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 |
Market cap | 3,064.7 | 3,061.2 | 3,116.3 | 2,556.3 | 2,442.5 | 2,442.5 | 2,442.5 | 2,442.5 |
Enterprise value | 3,301.9 | 3,242.7 | 3,471.8 | 2,961.6 | 2,961.6 | 2,947.7 | 2,877.2 | 2,835.7 |
EV/S | 1.7 | 1.6 | 1.4 | 1.5 | 1.4 | 1.3 | 1.2 | 1.2 |
EV/EBITDA | 10.3 | 7.0 | 5.6 | 13.8 | 9.9 | 7.6 | 6.7 | 6.2 |
EV/EBIT (adj.) | 14.9 | 8.4 | 6.7 | 24.2 | 15.7 | 10.8 | 9.8 | 9.2 |
EV/EBIT | 14.5 | 8.6 | 6.5 | 24.5 | 16.4 | 10.8 | 9.8 | 9.2 |
P/E (adj.) | 18.5 | 10.1 | 7.7 | 26.6 | 17.9 | 11.9 | 11.2 | 10.5 |
P/E | 18.0 | 10.5 | 7.6 | 27.0 | 18.8 | 11.9 | 11.2 | 10.5 |
P/B | 2.2 | 1.8 | 1.5 | 1.3 | 1.3 | 1.2 | 1.1 | 1.1 |
P/S | 1.6 | 1.5 | 1.3 | 1.3 | 1.2 | 1.0 | 1.0 | 1.0 |
Dividend yield | 3.0 % | 4.8 % | 6.6 % | 3.5 % | 4.4 % | 5.0 % | 5.5 % | 6.2 % |
Equity ratio | 60.1 % | 63.2 % | 66.2 % | 67.2 % | 67.7 % | 67.7 % | 69.8 % | 71.2 % |
Gearing ratio | 17.2 % | -4.2 % | 4.3 % | 7.1 % | 12.4 % | 11.2 % | 7.7 % | 5.6 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 498.1 | 479.0 | 422.7 | 1,941.9 | 483.7 | 471.4 | 579.2 | 580.1 | 2,114.4 |
EBITDA | 55.0 | 21.1 | 25.1 | 214.6 | 56.9 | 35.6 | 117.1 | 90.2 | 299.8 |
EBIT | 29.6 | 3.0 | -0.2 | 120.8 | 23.0 | 7.1 | 88.6 | 61.7 | 180.4 |
Profit before taxes | 27.5 | 4.3 | 1.4 | 120.9 | 20.1 | 4.1 | 85.6 | 58.7 | 168.5 |
Net income | 19.8 | 4.6 | 2.5 | 94.8 | 13.1 | 1.7 | 68.7 | 46.4 | 129.8 |
ShowingAll content types
Metsä Board Oyj: Metsä Board's comparable operating result in January-March 2024 was EUR 32 million
Metsä Board Oyj: Metsä Board to modernise Simpele board mill
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