UPM-Kymmene

25.33 EUR

-0.35 %

21,577 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

-0.35 %
-4.09 %
+0.52 %
+2.18 %
+10.95 %
+9.13 %
-16.01 %
-23.40 %
+213.76 %

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
13.37B EUR
Turnover
15.53M EUR
P/E (adj.) (26e)
16.4
EV/EBIT (adj.) (26e)
14.77
P/B (26e)
1.33
EV/S (26e)
1.61
Dividend yield-% (26e)
5.92 %
Coverage
Recommendation
Reduce
Target price
24.00 EUR
Updated
29.04.2026
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 30.04.2026

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
23.7
2026

Interim report Q2'26

28.10
2026

Interim report Q3'26

30.10
2026

Half year dividend

Risk
Business risk
Valuation risk
Low
High
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UPM Q1'26: Vi fastholder vores overvågningsposition
Research by
Antti Viljakainen

UPM Q1'26: Vi fastholder vores overvågningsposition

Det samlede billede af UPM's Q1 regnskab var efter vores mening ret neutralt. Vi foretog ingen væsentlige ændringer i estimaterne efter regnskabsmeddelelsen. Aktien er ikke billig på kort sigt (2026e: P/E 16x), selvom indtjeningen forventes at vende tilbage til vækst i år fra et lavt niveau, på trods af risici forbundet med det fungerende miljø. Derfor gentager vi vores kursmål på 24,00 EUR og vores Reducér-anbefaling for UPM.

UPM-Kymmene
UPM Q1'26 preview: Risikoniveauet i driftsmiljøet stiger
Research by
Antti Viljakainen

UPM Q1'26 preview: Risikoniveauet i driftsmiljøet stiger

UPM kan have fået en bedre start på året end forventet, drevet af markedet for kortfibret papirmasse og den høje elpris i Finland i 1. kvartal, men de negative risici for økonomien og inflationen forårsaget af krigen i Iran fastholdt vores helårsestimat med en marginal nedgang. 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. Derfor gentager vi vores kursmål på EUR 24,00 og vores Reducér-anbefaling for UPM forud for Q1 regnskabet. 

UPM-Kymmene
Forum discussions
New plywood company WISA pulls a “Mandatum” - but only halfway? The arrival of a new plywood company on the Hesuli (Helsinki Stock Exchange) listings from under UPM’s wing might not be just an ordinary day. Based on current information, UPM shareholders will receive a slice of WISA...
5/4/2026, 12:07 PM
by PörssiPatruuna
30
UPM’s list of largest shareholders has been updated. Here are a few observations regarding movements in April. Main takeaway: Ilmarinen +970,000 shares (+5.9%), now holding 17.42 million shares and 3.30% of the company. This was the largest actual purchase of the entire month. Pension...
5/4/2026, 9:23 AM
18
Stora Enso’s planned mega-sawmill investment has taken another step forward. Operations are clearly being centralized at “mega-sites” in Imatra and Oulu, where strategic moves have also been observed on the sawmilling side. If this project is realized, Stora Enso’s Honkalahti sawmill...
23 hours ago
by Logitech
7
Miksu spoke with Metsä Board CEO Esa Kaikkonen about the company’s Q1 results Inderes Metsä Board Q1'26: Lähi-idästä vastatuulta tuloskäänteelle - Inderes Aika: 30.04.2026 klo 14.55 Lähi-idän tilanteen makroheijasteet eivät helpota tuloskäännettä, vaikka käynnissä olevat tehostustoimet...
4/30/2026, 2:48 PM
by Sijoittaja-alokas
5
As a counterargument, one could defend such a common chemical forest industry chain, as basic industry companies are cyclical and significantly dependent on external conditions as well as the actions of competitors.
5/6/2026, 9:47 AM
by Ruonis
4
Here are Antti’s quick comments on Stora Enso’s Q1 results. Stora Enso released its Q1 report this morning, which proved to be operationally better than market fears regarding the Q1 result. Stora Enso does not provide earnings guidance, and in its Q2 outlook, the company continued...
5/7/2026, 6:55 AM
by Sijoittaja-alokas
3
Here is the latest company report on Stora Enso from Viljakainen. In our view, the overall picture of Stora Enso’s Q1 report was fairly neutral, even though the risk level related to the operating environment is somewhat elevated. Following the report, we only slightly lowered our...
5/8/2026, 5:31 AM
by Sijoittaja-alokas
2
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