UPM-Kymmene

25.04 EUR

-1.22 %

21,651 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

-1.22 %
+1.75 %
-7.19 %
+1.01 %
+6.51 %
+1.42 %
-14.86 %
-20.08 %
+210.17 %

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.

Read more
Market cap
13.21B EUR
Turnover
100.6M EUR
P/E (adj.) (26e)
16.21
EV/EBIT (adj.) (26e)
14.63
P/B (26e)
1.32
EV/S (26e)
1.6
Dividend yield-% (26e)
5.99 %
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
ShowingAll content types

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
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
Forum discussions
There has been surprisingly little discussion so far about UPM’s upcoming WISA spin-off, even though I think it’s a rather interesting corporate restructuring. In the video, I went through: – what the partial demerger means for the investor in practice – how the 1:1 distribution ...
yesterday
20
Quote from @Antti_Viljakainen’s comments: “In our assessment, the clearest risk to the completion of the arrangement has been the stance of the competition authorities from the very beginning, considering the high combined local market shares of the companies. In our opinion, this...
yesterday
by PörssiPatruuna
18
The paper merger of UPM and Sappi in Europe is progressing, with the agreement including financing now signed. Regulatory approvals are pending. A divestment was also mentioned, occurring in 3 years at the earliest. According to the definitive agreement: UPM and Sappi will invest...
5/28/2026, 7:32 AM
by Opa
18
Stora Enso plans to reduce softwood pulp production in Sweden. Although the pulp line slated for closure is small, it is good news for Metsä’s and UPM’s pulp mills in Finland, as competing capacity is removed and wood demand in the Nordic region drops slightly. https://www.storaenso...
5/26/2026, 8:52 AM
by Logitech
17
It will be interesting to see how capacity is closed if/when the deal reaches the finish line. Personally, I bet the cuts will initially target Sappi’s current units, while UPM’s facilities will likely avoid closures at first. My own guess list: SAPPI’s entire Kirkniemi mill to be...
yesterday
by Logitech
11
Agreed. Under the Commission’s old playbook, the UPM/Sappi setup would have run into obvious difficulties, whereas with the new thinking, a breakthrough is possible to envision. However, there is still very little evidence of the updated playbook being applied, and of course, the...
yesterday
by Antti Viljakainen
9
Here are Antti’s comments regarding UPM’s agreement to form a graphic paper joint venture with Sappi. As expected, UPM announced it has entered into a definitive agreement for a graphic paper joint venture with Sappi. We assess the arrangement to be a slightly positive step for the...
yesterday
by Sijoittaja-alokas
6
Read more on our forum

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.