Obermatt

UPM-Kymmene

HEX:UPM · FI0009005987
Paper & Forest ProductsX-Large

360

13
EV / EBIT46
Price / Owner Earnings31
Owner Earnings Yield60
Dividend Yield97
Price/Sales46
EV / Gross Profit18
Price/Book52
Return on Capital27
Cash Return on Capital46
Return on Equity27
EBIT Margin19
Gross Profitability13
Cash Conversion79
Accruals75
Owner Earnings Margin52
Sales growth46
Profit Growth87
Long-Term EPS Growth42
Owner Earnings Growth22
Reinvestment19
Price momentum51
Debt load73
Refinancing56
Debt Payback28
Liquidity69
Analyst ratings32
Opinion Changes50
Price Target Upside15
Market mood36
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

UPM-Kymmene 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
Employees3,717
Websiteupm.com
ISINFI0009005987
Last UpdateApr 2, 2026
Themes
Bio-based and Renewable MaterialsPackaging ServicesClean EnergyCleanTechBiofuelForestryBiomass EnergyBiotechnologyEnergyRenewable Energy

Description

UPM-Kymmene Oyj (UPM) is focuses on sustainable products derived from renewable resources. The company engages in the forest-based bioindustry. Business Segments The company operates through multiple business segments, each contributing to UPM’s ov…

Analysis

Middle-of-the-road

UPM-Kymmene Oyj sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 21.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 7% a year, against analyst forecasts of 9%. The price, in other words, assumes less than the experts do.

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

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
92
2023202420252026

All-time high

94

Mar 2024

All-time low

34

Aug 2023

Average rank

65

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
46
19
13
19
Price/Earnings
58
35
46
26
Price/Book
52
42
42
49
Dividend Yield
97
94
88
72
Value (overall)
77
53
40
25

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 →