UPM-Kymmene
34.12 EUR +1.01%17,487 investors are following this company
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.
P/E (24e)
17.49
EV/EBIT (adj.) (24e)
15.07
P/B (24e)
1.59
Dividend yield-% (24e)
4.4 %
Target price
34.00 EUR
Recommendation
Accumulate
Updated
25.4.2024
NASDAQ Helsinki
UPM
Daily low / high price
33.73 / 34.28
EUR
Market cap
18.21B EUR
Turnover
25.89M EUR
Volume
760K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Interim report
23.07.2024
Interim report
29.10.2024
Half year dividend
30.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Skandinaviska Enskilda Banken Ab (publ) Helsinki Branch | 55.9 % | 55.9 % |
Citibank Europe Plc | 7.4 % | 7.4 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Henrik Ehrnrooth | 02.02.2024 | 39,539EUR |
Henrik Ehrnrooth | 02.02.2024 | 253,128EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 8,580.0 | 9,814.0 | 11,720.0 | 10,460.0 | 10,819.0 | 11,469.0 | 11,734.7 | 11,817.1 |
growth-% | -16.2 % | 14.4 % | 19.4 % | -10.8 % | 3.4 % | 6.0 % | 2.3 % | 0.7 % |
EBITDA | 1,302.0 | 2,077.0 | 2,495.6 | 1,268.5 | 2,022.2 | 2,439.2 | 2,664.3 | 2,665.4 |
EBIT (adj.) | 948.0 | 1,471.0 | 2,095.6 | 1,013.5 | 1,369.2 | 1,765.7 | 1,985.3 | 1,985.4 |
EBIT | 761.0 | 1,562.0 | 1,973.6 | 608.5 | 1,390.2 | 1,765.7 | 1,985.3 | 1,985.4 |
Profit before taxes | 737.0 | 1,548.0 | 1,943.5 | 463.9 | 1,305.6 | 1,695.7 | 1,925.7 | 1,940.0 |
Net income | 560.0 | 1,286.0 | 1,525.0 | 388.4 | 1,062.0 | 1,377.4 | 1,558.4 | 1,565.2 |
EPS (adj.) | 1.37 | 2.22 | 3.15 | 1.40 | 1.95 | 2.58 | 2.92 | 2.93 |
growth-% | -34.2 % | 62.3 % | 41.9 % | -55.5 % | 39.1 % | 32.3 % | 13.1 % | 0.4 % |
Dividend | 1.30 | 1.30 | 1.50 | 1.50 | 1.50 | 1.60 | 1.70 | 1.80 |
Dividend ratio | 123.8 % | 53.9 % | 52.5 % | 206.0 % | 75.4 % | 62.0 % | 58.2 % | 61.4 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 15.2 % | 21.2 % | 21.3 % | 12.1 % | 18.7 % | 21.3 % | 22.7 % | 22.6 % |
EBIT-% (adj.) | 11.0 % | 15.0 % | 17.9 % | 9.7 % | 12.7 % | 15.4 % | 16.9 % | 16.8 % |
EBIT-% | 8.9 % | 15.9 % | 16.8 % | 5.8 % | 12.8 % | 15.4 % | 16.9 % | 16.8 % |
ROE | 5.8 % | 12.7 % | 13.1 % | 3.3 % | 9.4 % | 11.8 % | 12.6 % | 12.0 % |
ROI | 6.6 % | 12.4 % | 12.5 % | 3.7 % | 9.4 % | 12.0 % | 13.7 % | 13.7 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 30.47 | 33.46 | 34.93 | 34.06 | 34.12 | 34.12 | 34.12 | 34.12 |
Shares | 533.5 | 533.5 | 533.5 | 533.5 | 533.5 | 533.5 | 533.5 | 533.5 |
Market cap | 16,255.9 | 17,851.1 | 18,635.3 | 18,171.2 | 18,203.2 | 18,203.2 | 18,203.2 | 18,203.2 |
Enterprise value | 16,577.9 | 19,042.1 | 21,602.3 | 20,922.8 | 20,635.8 | 19,818.5 | 18,912.6 | 18,126.2 |
EV/S | 1.9 | 1.9 | 1.8 | 2.0 | 1.9 | 1.7 | 1.6 | 1.5 |
EV/EBITDA | 12.7 | 9.2 | 8.7 | 16.5 | 10.2 | 8.1 | 7.1 | 6.8 |
EV/EBIT (adj.) | 17.5 | 12.9 | 10.3 | 20.6 | 15.1 | 11.2 | 9.5 | 9.1 |
EV/EBIT | 21.8 | 12.2 | 10.9 | 34.4 | 14.8 | 11.2 | 9.5 | 9.1 |
P/E (adj.) | 22.3 | 15.1 | 11.1 | 24.3 | 17.5 | 13.2 | 11.7 | 11.6 |
P/E | 29.0 | 13.9 | 12.2 | 46.8 | 17.1 | 13.2 | 11.7 | 11.6 |
P/B | 1.7 | 1.6 | 1.5 | 1.6 | 1.6 | 1.5 | 1.4 | 1.4 |
P/S | 1.9 | 1.8 | 1.6 | 1.7 | 1.7 | 1.6 | 1.6 | 1.5 |
Dividend yield | 4.3 % | 3.9 % | 4.3 % | 4.4 % | 4.4 % | 4.7 % | 5.0 % | 5.3 % |
Equity ratio | 64.0 % | 62.8 % | 58.0 % | 62.4 % | 63.4 % | 66.7 % | 70.9 % | 73.8 % |
Gearing ratio | 3.4 % | 10.7 % | 23.0 % | 23.9 % | 20.6 % | 13.1 % | 5.4 % | -0.6 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 2,557.6 | 2,584.2 | 2,530.8 | 10,460.0 | 2,639.6 | 2,557.5 | 2,743.9 | 2,878.0 | 10,819.0 |
EBITDA | 263.2 | 208.5 | 363.5 | 1,268.5 | 501.4 | 346.3 | 550.8 | 623.7 | 2,022.2 |
EBIT | 108.2 | -28.5 | 210.5 | 608.5 | 354.4 | 191.3 | 390.8 | 453.7 | 1,390.2 |
Profit before taxes | 96.2 | -51.7 | 180.1 | 463.9 | 331.8 | 169.3 | 369.8 | 434.7 | 1,305.6 |
Net income | 78.2 | -25.7 | 159.6 | 388.4 | 271.8 | 138.5 | 300.9 | 350.8 | 1,062.0 |
ShowingAll content types
UPM-Kymmene Corporation: Managers’ Transactions (Oudeman)
UPM-Kymmene Corporation: Managers’ Transactions (Ehrnrooth)
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