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UPM-Kymmene

26.20 EUR

+1.20 %

21,419 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

+1.20 %
-2.89 %
+5.69 %
+6.20 %
+12.21 %
+3.76 %
-14.41 %
-19.46 %
+224.54 %

UPM-Kymmene is active in the forest industry. The company currently works with the development of wood biomass and biofuel. The product portfolio is broad and includes, for example, biochemicals, printing materials, paper, and timber. The company has operations on a global level, with the largest presence around the European market. The head office is located in Helsinki.

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Market cap
13.83B EUR
Turnover
18.86M EUR
P/E (adj.) (26e)
17.39
EV/EBIT (adj.) (26e)
15.36
P/B (26e)
1.38
EV/S (26e)
1.64
Dividend yield-% (26e)
5.73 %
Coverage
Recommendation
Reduce
Target price
24.00 EUR
Updated
05.02.2026
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 05.02.2026

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
9.4
2026

General meeting '26

10.4
2026

Half year dividend

29.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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UPM Q4'25: Den nedadgående trend i estimaterne er endnu ikke vendt
Research by
Antti Viljakainen

UPM Q4'25: Den nedadgående trend i estimaterne er endnu ikke vendt

Det samlede billede af UPM's Q4 resultat var efter vores mening en smule negativt, især hvad angår forventningerne til begyndelsen af året. Vi har yderligere sænket vores estimater en smule efter regnskabsmeddelelsen. Aktien er ikke billig på kort sigt (2026e: P/E 17x), selvom indtjeningen forventes at vende tilbage til vækst i år fra et lavt niveau. Vi gentager derfor vores kursmål på EUR 24,00 og vores Reducér-anbefaling for UPM.

UPM-Kymmene
Forum discussions
An interesting walkthrough of UPM and its prospects. It’s also worth paying attention to the analysis of the value of UPM’s different parts: biochemistry (Leuna, etc.) at zero, as there’s no guarantee of profits, and on the other hand, it’s pointed out that energy production is significant...
3/25/2026, 6:40 AM
by PörssiPatruuna
28
Regarding the price of natural gas, Metsä Group has long been planning to build biogas plants next to its pulp mills to replace expensive natural gas purchased from the Gasgrid network and elsewhere. I once followed the project related to Metsä Fibre’s Joutseno pulp mill, which was...
3/19/2026, 10:37 PM
10
GS initiates coverage, UPM ‘Neutral’, Stora ‘Sell’ (8.0€) Goldman’s most bearish call is Stora Enso, where an €8.0 target implies 16% downside. The brokerage is 12-17% below consensus on 2026-27 EBITDA, arguing that the company’s new 750,000-tonne Oulu consumer board’ mill will ramp...
3/24/2026, 1:53 PM
by Opa
9
Here are Antti’s comments on the consensus estimates for forest companies The almost continuous decline in forest companies’ 2026 consensus estimates continued in connection with the Q4 earnings season. There has been a certain divergence in the share price development of forest ...
3/24/2026, 6:35 AM
by Sijoittaja-alokas
9
The downturn in the pulp market continues, and in the big picture, softwood pulp is being partially replaced by eucalyptus pulp. Maaseudun Tulevaisuus – 20 Mar 26 Pysäyttävä ennustus: Uusia havusellutehtaita ei rakenneta ehkä enää koskaan Sellun markkinoilla on ollut tahmea alkuvuosi...
3/20/2026, 1:31 PM
by Logitech
7
CEO’s review of yesterday’s AGM! Inderes Metsä Boardin yhtiökokous | Toimitusjohtajan katsaus 19.3.2026 - Inderes Aika: 20.03.2026 klo 18.25 Toimitusjohtaja Esa Kaikkosen katsaus Metsä Boardin yhtiökokouksesta 19.3.2026.
3/20/2026, 4:29 PM
by Sara Antonacci
6
I must correct this from the side: there is bark gasification in Joutseno, but it produces unrefined synthesis gas (product gas), which is burned in a lime kiln. The project Helen was involved in never came to fruition, and thus biogas is not produced from bark. There is a similar...
3/20/2026, 5:02 AM
by Nihilisti
5
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