Metsä Board
4.292
EUR
+0.19 %
METSB
NASDAQ Helsinki
Paper & Forest Products
Basic Materials
10,577 following
+0.19%
-12.09%
-30.61%
-44.69%
-40.31%
-39.38%
-50.95%
-28.11%
-3.2%
www.metsagroup.com/metsaboard/investors
Metsä Board is a manufacturing company active in the paper and pulp industry. The company is a manufacturer of cartons made of forest fiber. The products are used for consumer and food products. In addition to the production of cartons, the company offers services related to technical analysis and design development. The company is most active in the European market. Metsä Board´s head office is located in Espoo, Finland.
P/E (adj.) (24e)
33.99
EV/EBIT (adj.) (24e)
24.2
P/B (24e)
0.83
Dividend yield-% (24e)
2.33 %
Target price
5.25 EUR
Recommendation
Reduce
Updated
24.10.2024
NASDAQ Helsinki
METSB
Daily low / high price
4.262 / 4.358
EUR
Market cap
1.53B EUR
Turnover
2.09M EUR
Volume
484K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Annual report
06.02.2025
Interim report
29.04.2025
Interim report
31.07.2025
Interim report
23.10.2025
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 1,889.5 | 2,084.1 | 2,479.5 | 1,941.9 | 1,990.6 | 2,277.0 | 2,373.0 | 2,439.0 |
growth-% | -2.2 % | 10.3 % | 19.0 % | -21.7 % | 2.5 % | 14.4 % | 4.2 % | 2.8 % |
EBITDA | 321.8 | 466.1 | 614.6 | 214.6 | 190.8 | 304.5 | 354.5 | 406.2 |
EBIT (adj.) | 221.3 | 386.6 | 520.7 | 122.2 | 85.6 | 193.0 | 222.0 | 253.0 |
EBIT | 227.3 | 375.9 | 531.5 | 120.8 | 76.9 | 193.0 | 222.0 | 253.0 |
Profit before taxes | 212.3 | 365.8 | 524.9 | 120.9 | 66.0 | 178.7 | 205.1 | 236.5 |
Net income | 170.1 | 292.1 | 409.9 | 94.8 | 37.8 | 133.3 | 154.3 | 181.1 |
EPS (adj.) | 0.46 | 0.85 | 1.14 | 0.27 | 0.13 | 0.37 | 0.43 | 0.51 |
growth-% | 12.3 % | 82.6 % | 33.9 % | -76.2 % | -53.3 % | 196.9 % | 15.8 % | 17.3 % |
Dividend | 0.26 | 0.41 | 0.58 | 0.25 | 0.10 | 0.20 | 0.25 | 0.30 |
Dividend ratio | 54.3 % | 49.9 % | 50.3 % | 93.7 % | 94.1 % | 53.3 % | 57.6 % | 58.9 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 17.0 % | 22.4 % | 24.8 % | 11.1 % | 9.6 % | 13.4 % | 14.9 % | 16.7 % |
EBIT-% (adj.) | 11.7 % | 18.5 % | 21.0 % | 6.3 % | 4.3 % | 8.5 % | 9.4 % | 10.4 % |
EBIT-% | 12.0 % | 18.0 % | 21.4 % | 6.2 % | 3.9 % | 8.5 % | 9.4 % | 10.4 % |
ROE | 12.5 % | 18.9 % | 21.7 % | 4.8 % | 2.0 % | 7.0 % | 7.8 % | 8.7 % |
ROI | 12.6 % | 18.2 % | 21.3 % | 4.8 % | 3.3 % | 7.8 % | 8.5 % | 9.4 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 8.62 | 8.61 | 8.77 | 7.19 | 4.29 | 4.29 | 4.29 | 4.29 |
Shares | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 |
Market cap | 3,064.7 | 3,061.2 | 3,118.1 | 2,556.3 | 1,526.0 | 1,526.0 | 1,526.0 | 1,526.0 |
Enterprise value | 3,301.9 | 3,242.7 | 3,473.6 | 2,961.6 | 2,071.5 | 2,093.4 | 2,095.5 | 2,062.7 |
EV/S | 1.7 | 1.6 | 1.4 | 1.5 | 1.0 | 0.9 | 0.9 | 0.8 |
EV/EBITDA | 10.3 | 7.0 | 5.7 | 13.8 | 10.9 | 6.9 | 5.9 | 5.1 |
EV/EBIT (adj.) | 14.9 | 8.4 | 6.7 | 24.2 | 24.2 | 10.8 | 9.4 | 8.2 |
EV/EBIT | 14.5 | 8.6 | 6.5 | 24.5 | 26.9 | 10.8 | 9.4 | 8.2 |
P/E (adj.) | 18.5 | 10.1 | 7.7 | 26.6 | 34.0 | 11.4 | 9.9 | 8.4 |
P/E | 18.0 | 10.5 | 7.6 | 27.0 | 40.4 | 11.4 | 9.9 | 8.4 |
P/B | 2.2 | 1.8 | 1.5 | 1.3 | 0.8 | 0.8 | 0.8 | 0.7 |
P/S | 1.6 | 1.5 | 1.3 | 1.3 | 0.8 | 0.7 | 0.6 | 0.6 |
Dividend yield | 3.0 % | 4.8 % | 6.6 % | 3.5 % | 2.3 % | 4.7 % | 5.8 % | 7.0 % |
Equity ratio | 60.1 % | 63.2 % | 66.2 % | 67.2 % | 66.9 % | 65.8 % | 66.1 % | 67.3 % |
Gearing ratio | 17.2 % | -4.2 % | 4.3 % | 7.1 % | 14.3 % | 14.7 % | 14.2 % | 12.2 % |
Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 422.7 | 1,941.9 | 483.7 | 509.9 | 499.0 | 498.0 | 1,990.6 | ||
EBITDA | 25.1 | 214.6 | 56.9 | 26.4 | 66.0 | 41.5 | 190.8 | ||
EBIT | -0.2 | 120.8 | 23.0 | -0.7 | 41.6 | 13.0 | 76.9 | ||
Profit before taxes | 1.4 | 120.9 | 20.1 | -2.5 | 38.4 | 10.0 | 66.0 | ||
Net income | 2.5 | 94.8 | 13.1 | -9.1 | 27.6 | 6.2 | 37.8 |
ShowingAll content types
Metsä Board Oyj: Is this the most beautiful cosmetics calendar? The unique structure of the calendar, created in collaboration with LUMENE, Metsä Board, and Van Genechten, makes it particularly impressive
Metsä Board Oyj: Modernising for the future: Metsä Board drives forward with major upgrades to Simpele mill
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