Obermatt

Stora Enso

HEX:STERV · FI0009005961
Paper & Forest ProductsX-Large

360

8
EV / EBIT31
Price / Owner Earnings36
Owner Earnings Yield57
Dividend Yield59
Price/Sales47
EV / Gross Profit63
Price/Book73
Return on Capital17
Cash Return on Capital45
Return on Equity42
EBIT Margin17
Gross Profitability30
Cash Conversion8
Accruals50
Owner Earnings Margin45
Sales growth40
Profit Growth77
Long-Term EPS Growth1
Reinvestment21
Price momentum81
Debt load49
Refinancing36
Debt Payback20
Liquidity24
Analyst ratings45
Opinion Changes50
Price Target Upside72
Market mood27
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Stora Enso clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryFinland
IndustryPaper & Forest Products
SizeX-Large
TypePublic Company
ExchangeHLSE
Founded1996
Employees4,885
ISINFI0009005961
Last UpdateApr 2, 2026
Themes
Energy StoragePackaging ServicesBio-based and Renewable MaterialsOnshore and Offshore WindCleanTechGreen Consumer GoodsForestryBiomass EnergyConventional NuclearManufacturingPaper ManufacturingRenewable Energy

Description

Stora Enso Oyj provides renewable solutions for packaging, biomaterial, wooden construction, and paper industries worldwide. Segments The company operates through Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper segments.…

Analysis

Weak and unloved

Stora Enso Oyj scores below average on quality and is priced accordingly, a low-conviction position in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 20.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 6% a year, against analyst forecasts of -16%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is tepid; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
45
2023202420252026

All-time high

59

Jan 2026

All-time low

1

Jan 2024

Average rank

24

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
47
44
37
33
Price/Earnings
43
25
17
33
Price/Book
73
62
71
57
Dividend Yield
59
58
38
69
Value (overall)
51
47
17
35

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →