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UPM-Kymmene

22.89 EUR+0.48 %19.8, 14.12
21,964 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+0.48 %
-2.39 %
-9.42 %
-15.47 %
-7.66 %
-3.94 %
-21.31 %
-33.79 %
+183.54 %

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
12.08B EUR
Turnover
3.82M EUR
P/E (adj.) (26e)
16.85
EV/EBIT (adj.) (26e)
16.12
P/B (26e)
1.22
EV/S (26e)
1.65
Dividend yield-% (26e)
6.55 %
Coverage
Recommendation
Reduce
Target price
22.00 EUR
Updated
24.07.2026
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 24.07.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
That Wisa case is starting to interest me. I assume the selling pressure on the stock will be absolutely enormous, as UPM is held by many funds. They will most likely dump Wisa, and some retail investors will likely follow suit. This could turn into an interesting situation. And ...
20 hours ago
by Blackparta
18
It has been over a year since the last forestry sector review and the first-half reports are out, so it was high time to get Antti to comment on the situation in more detail. Familiar problems continue to plague the sector, and the longer the headwinds persist, the more some issues...
22 hours ago
by Mikael Maijala
15
The question is not entirely straightforward, as the business’s capital structure is different as part of UPM (carve-out) and, on the other hand, after the demerger (pro forma). The latter is, of course, more relevant, but there are limited figures in the prospectus in this regard...
6 hours ago
by Antti Viljakainen
10
The link contains a video from Maaseudun Tulevaisuus nine years ago, in which Spinnova is reportedly very close to a breakthrough. Today, the company’s rhetoric is the same: just a couple more partnership agreements, a couple more funding rounds, a little more production optimization...
8/15/2026, 10:05 AM
by Yoda
9
This summer news story goes some way to show how the forest industry’s appetite for investment in Finland is lacking​ and they have other tricks up their sleeves here: UPM is planning a massive solar power plant, the largest in Finland. ps. I still haven’t seen sufficient reasons...
4 hours ago
by PörssiPatruuna
7
They benefit in the sense that the owners can sell off a part that doesn’t interest them. After that, they can invest the money elsewhere in a better destination. Another way to benefit is the long game, where the new company could, over time, perform better on its own than as part...
19 hours ago
by Blackparta
7
A couple of years ago, Spinnova still had the chance to utilize their remaining cash and the factory building. Their value alone was well above the market capitalization—by a wide margin. It was a huge disappointment when the outcome of the restructuring/deliberation was essentially...
8/15/2026, 1:43 PM
by Divinesia
5
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
31.8
2026

Extraordinary general meeting '26

28.10
2026

Interim report Q3'26

30.10
2026

Half year dividend

Regulatory press release17.08.2026, 15.00

UPM-Kymmene Oyj: The Finnish Financial Supervisory Authority has approved a supplement to WISA Group Plc's demerger and listing prospectus

UPM-Kymmene
Regulatory press release29.07.2026, 12.00

UPM-Kymmene Corporation: Managers' Transactions (Kekki)

UPM-Kymmene
UPM Q2'26: Udsigterne på kort sigt skuffede, som vi frygtede
Research24.07.2026, 05.55 by
Antti Viljakainen

UPM Q2'26: Udsigterne på kort sigt skuffede, som vi frygtede

Det samlede billede af UPM's Q2 regnskab var efter vores mening negativt, da selskabets H2-forventninger skuffede, som vi frygtede i vores preview.

UPM-Kymmene

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UPM Interim Report for January–June 2026
Webcast23.07.2026, 12.15

UPM Interim Report for January–June 2026

UPM-Kymmene
Regulatory press release23.07.2026, 08.30

UPM Half Year Financial Report 2026: Improved second quarter results in all businesses and portfolio change progressing

UPM-Kymmene
UPM Q2'26 preview: Risiciene for de nærmeste udsigter er fortsat nedadgående
Analyst Comment21.07.2026, 06.49 by
Antti Viljakainen

UPM Q2'26 preview: Risiciene for de nærmeste udsigter er fortsat nedadgående

Den svage nyhedsstrøm inden for skovsektoren gør, at risiciene forbundet med regnskabsmeddelelsen for resten af året er nedadgående.

UPM-Kymmene
Regulatory press release16.07.2026, 15.00

UPM-Kymmene Oyj: The Finnish Financial Supervisory Authority has approved WISA Group Plc's demerger and listing prospectus. WISA Group Plc's Group Leadership Team appointed.

UPM-Kymmene
Regulatory press release16.07.2026, 12.00

UPM-Kymmene Oyj: Notice of the Extraordinary General Meeting of UPM-Kymmene Corporation

UPM-Kymmene
Press release16.07.2026, 09.00

UPM-Kymmene Oyj: Invitation to UPM's webcast on the half-year financial report 2026

UPM-Kymmene
Press release02.07.2026, 10.00

UPM-Kymmene Oyj: UPM achieves a Platinum rating from EcoVadis and an A score from CDP for its supplier engagement

UPM-Kymmene
Press release25.06.2026, 09.00

UPM-Kymmene Oyj: UPM and ANDRITZ partner to advance tailored tissue innovation

UPM-Kymmene
Press release18.06.2026, 08.40

UPM-Kymmene Oyj: Production curtailments at UPM's pulp mills in Finland

UPM-Kymmene
Press release15.06.2026, 13.00

UPM-Kymmene Oyj: UPM Adhesive Materials highlights climate progress and value chain collaboration in its 2025 Climate Review

UPM-Kymmene
Press release11.06.2026, 10.00

UPM-Kymmene Oyj: New climate report from UPM Communication Papers marks major progress toward 2030 climate target

UPM-Kymmene
Press release08.06.2026, 13.00

UPM-Kymmene Oyj: UPM delivers purpose-built adhesive solutions for demanding label applications

UPM-Kymmene
Regulatory press release03.06.2026, 09.00

Changes in UPM's Group Executive Team: Joonas Rauramo appointed Executive Vice President, UPM Energy

UPM-Kymmene
Fusionen af UPM's og Sappis forretningsområder inden for papir afhænger i praksis kun af konkurrencemyndighederne
Analyst Comment29.05.2026, 06.00 by
Antti Viljakainen

Fusionen af UPM's og Sappis forretningsområder inden for papir afhænger i praksis kun af konkurrencemyndighederne

Konkurrencemyndighedernes holdning til transaktionen er fortsat svær at vurdere.

UPM-Kymmene
Regulatory press release28.05.2026, 08.27

Inside information: UPM and Sappi have signed a definitive agreement on the graphic paper Joint Venture

UPM-Kymmene
Press release13.05.2026, 18.00

UPM-Kymmene Oyj: UPM acquires Ray Technology® intellectual property from Avantium, broadening its bio-based glycols IP portfolio

UPM-Kymmene
Press release07.05.2026, 14.00

UPM-Kymmene Oyj: UPM introduces receipt materials for order accuracy at quick-service restaurants

UPM-Kymmene