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Stora Enso

10.40 EUR

+1.86 %

11,277 following

STERV

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

+1.86 %
+3.95 %
+8.18 %
+19.65 %
+7.02 %
+10.57 %
-27.40 %
-26.21 %
+65.78 %

Stora Enso is a global forest industry group. The group includes the production and development of newsprint and book paper, consumer cardboard, industrial packaging and other wood products. The group operates on a global level with its largest presence in Europe and North America. The company was founded in 1998 by the merger of Finnish Enso and Swedish Stora Kopparbergs Bergslags Aktiebolag. The head office is located in Helsinki.

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Market cap
8.2B EUR
Turnover
21.68M EUR
P/E (adj.) (25e)
22.99
EV/EBIT (adj.) (25e)
21.54
P/B (25e)
0.79
EV/S (25e)
1.24
Dividend yield-% (25e)
1.92 %
Coverage
Recommendation
Accumulate
Target price
10.50 EUR
Updated
23.10.2025
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 25.07.2024

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
4.2
2026

Annual report '25

24.3
2026

General meeting '26

7.5
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
Let’s clarify a bit: In Sweden, Stora owns 1.2 million hectares of forest. The annual growth per hectare is approximately 5 m3. If we consider the price to be 60€ /m3, we arrive at the conclusion that Stora’s forests / the new company’s forests produce about 6 million cubic meters...
11/14/2025, 3:23 PM
by Perttu Hämäläinen
6
Isn’t that just moving eggs from one basket to another without increasing the number of eggs? I initially imagined the forests would be sold. Now they are being spun off into their own company, removing assets from Enso’s balance sheet. Shares will be distributed to Enso’s owners...
11/14/2025, 10:05 AM
by Perttu Hämäläinen
3
To my understanding, the details have not yet been disclosed, but generally, partial demergers are done on a one-to-one basis. It doesn’t really need to be determined; the market (i.e., buyers and sellers) handles that automatically once the shares of the new company start trading...
11/14/2025, 12:57 PM
by Antti Viljakainen
2
And so the long-speculated news arrived: the forest asset business will be separated. This long-awaited news significantly clarifies the group’s structure, and it now demonstrates that the P/B ratio indeed has practical relevance when Stora Enso is considered as an investment. Tä...
11/14/2025, 10:09 AM
by Hawkmountdiver
2
The decision to list the forests is welcome, but the timeline for such a project is terribly long. This has already been planned for half a year, and now an additional year and a half is being allocated, making a total of two years to list existing assets, for which balance sheet...
11/18/2025, 9:58 AM
by imakemoney
1
Here are Viljakainen’s comments regarding Stora Enso’s Friday announcement. Stora Enso announced on Friday that it has completed the strategic review of its Swedish forest assets and intends to proceed with a plan to separate the assets into a new listed company. The news was expected...
11/17/2025, 6:33 AM
by Sijoittaja-alokas
1
Stora’s market value is now around 8 billion, and the valuation of the forests was, based on the summer transaction price, 5.8 billion, so the value of the company’s actual business would be 2.2 billion. So the value is quite negligible. My expectation is that after the listing, ...
11/14/2025, 11:50 AM
by imakemoney
1
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