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UPM-Kymmene

26.16 EUR

+1.59 %

21,339 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

+1.59 %
+2.11 %
+5.53 %
+9.36 %
+12.76 %
-8.27 %
-23.19 %
-21.18 %
+224.04 %

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
13.81B EUR
Turnover
34.03M EUR
P/E (adj.) (26e)
17.36
EV/EBIT (adj.) (26e)
15.34
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
Sweden’s SCA, or Svenska Cellulosa Aktiebolag, is raising its softwood pulp prices in Europe. Do I, as a stubborn old stump, have to start believing that there really are signs of the market improving?
2/13/2026, 7:30 PM
by PörssiPatruuna
24
Suzano is continuing to restrict production this year, just as it did last year, by throttling output by 3.5% or approximately 0.5 million tons, as according to the company, additional tons do not yield sufficient returns. The participation of the market and cost leader in supply...
2/11/2026, 6:22 AM
by Antti Viljakainen
24
This is being celebrated with a nearly 12% rise in Suzano’s share price. There is also a pulp rally on the stock exchanges in Finland and Sweden today. All that’s missing now is for demand for the companies’ products to also start rallying… EFN.se – 11 Feb 26 Ljusning för pressade...
2/11/2026, 6:23 PM
by PörssiPatruuna
17
Look at that, over 6% more. According to Fastmarkets, the price level had already risen from 1500 to 1600 USD/t between December and January. Press release 13/02/2026, 08:32 am SCA will increase the price on NBSK pulp (Northern Bleached Softwood Kraft) in Europe. The new price will...
2/13/2026, 8:25 PM
by Opa
12
Joutseno is starting to show the same signs as UPM’s Kajaani paper mill did long ago before its final closure.
3/3/2026, 6:57 PM
by Logitech
10
Joutseno’s recovery line is from 1998 and the fiber line from 2001. At Kaukas, the same are from 1991 and 1996. At least based on Google. At Kaukas, the clock is running out faster. I would be surprised if Metsä is the first to give up, because the very foundation of the company’...
2/10/2026, 7:51 PM
by Logitech
10
The price of pulpwood in Finland has once again been slowly rising for the past 2–4 weeks after a long time. The price floors were about 20–25% higher than the levels seen before the war in Ukraine. This is occurring in a situation where 1–2 pulp mills are idle, either completely...
3/6/2026, 10:51 AM
by Logitech
9
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