Stora Enso
9.348
EUR
-1.1 %
STERV
NASDAQ Helsinki
Paper & Forest Products
Basic Materials
10,900 following
-1.1%
-3.55%
-13.76%
-18.11%
-32.46%
-25.37%
-22.49%
-37.56%
-24.64%
+49.01%
www.storaenso.com
Stora Enso is a global forest industry group. The business segments include the production and development of newsprint and book paper, consumer boxes, industrial packaging and other wood products. The group is active on a global level with the largest presence in Europe and North America. The company was founded in 1998 at the merger of Finska Enso and Swedish Stora Kopparbergs Bergslags Aktiebolag. The head office is located in Helsinki.
P/E (adj.) (24e)
21.33
EV/EBIT (adj.) (24e)
18.43
P/B (24e)
0.66
Dividend yield-% (24e)
1.07 %
Target price
11.50 EUR
Recommendation
Accumulate
Updated
24.10.2024
NASDAQ Helsinki
STERV
Daily low / high price
9.348 / 9.518
EUR
Market cap
7.37B EUR
Turnover
5.15M EUR
Volume
548K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Annual report
11.02.2025
General meeting
20.03.2025
Interim report
25.04.2025
Interim report
23.07.2025
Interim report
23.10.2025
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Solidium Oy | 10.7 % | 27.3 % |
| FAM AB* | 10.2 % | 27.3 % |
| Social Insurance Institution of Finland | 3.0 % | 10.0 % |
| Ilmarinen Mutual Pension Insurance Company | 2.8 % | 2.5 % |
| Elo Mutual Pension Insurance Company | 1.5 % | 1.3 % |
| Varma Mutual Pension Insurance Company | 0.8 % | 2.2 % |
| The State Pension Fund | 0.7 % | 0.2 % |
| MP-Bolagen i Vetlanda AB | 0.7 % | 2.1 % |
| Lannebo Fonder | 0.6 % | 0.2 % |
| Bergslaget's Healthcare Foundation | 0.3 % | 0.3 % |
Insider Transactions
| Insider | Date | Total value |
|---|---|---|
| Hans Sohlström | 20.09.2023 | 1,000,349EUR |
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,553.0 | 10,163.7 | 11,679.8 | 9,396.0 | 8,920.1 | 9,835.7 | 10,839.1 | 11,374.4 |
| growth-% | -14.9 % | 18.8 % | 14.9 % | -19.6 % | -5.1 % | 10.3 % | 10.2 % | 4.9 % |
| EBITDA | 1,531.0 | 2,225.0 | 2,644.2 | 981.0 | 1,010.5 | 1,439.0 | 1,717.8 | 1,887.4 |
| EBIT (adj.) | 651.0 | 1,488.0 | 1,890.2 | 342.0 | 596.5 | 786.0 | 1,046.9 | 1,224.6 |
| EBIT | 922.0 | 1,528.0 | 2,009.2 | -322.0 | 490.5 | 786.0 | 1,046.9 | 1,224.6 |
| Profit before taxes | 773.0 | 1,379.0 | 1,858.2 | -495.0 | 305.5 | 603.6 | 877.5 | 1,073.2 |
| Net income | 626.0 | 1,226.0 | 1,549.2 | -357.0 | 260.8 | 489.9 | 707.0 | 861.6 |
| EPS (adj.) | 0.48 | 1.51 | 1.84 | 0.22 | 0.44 | 0.62 | 0.90 | 1.09 |
| growth-% | -36.5 % | 214.2 % | 21.8 % | -88.0 % | 98.4 % | 41.7 % | 44.3 % | 21.9 % |
| Dividend | 0.30 | 0.55 | 0.60 | 0.10 | 0.10 | 0.25 | 0.40 | 0.45 |
| Dividend ratio | 37.8 % | 35.4 % | 30.5 % | -22.1 % | 30.2 % | 40.2 % | 44.6 % | 41.2 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 17.9 % | 21.9 % | 22.6 % | 10.4 % | 11.3 % | 14.6 % | 15.8 % | 16.6 % |
| EBIT-% (adj.) | 7.6 % | 14.6 % | 16.2 % | 3.6 % | 6.7 % | 8.0 % | 9.7 % | 10.8 % |
| EBIT-% | 10.8 % | 15.0 % | 17.2 % | -3.4 % | 5.5 % | 8.0 % | 9.7 % | 10.8 % |
| ROE | 7.7 % | 12.6 % | 13.3 % | -3.0 % | 2.4 % | 4.3 % | 6.0 % | 7.0 % |
| ROI | 7.4 % | 10.9 % | 12.9 % | -1.9 % | 3.2 % | 5.0 % | 6.5 % | 7.7 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 15.65 | 16.14 | 13.15 | 12.53 | 9.35 | 9.35 | 9.35 | 9.35 |
| Shares | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 |
| Market cap | 12,342.1 | 12,728.5 | 10,370.5 | 9,877.6 | 7,372.1 | 7,372.1 | 7,372.1 | 7,372.1 |
| Enterprise value | 15,431.1 | 15,184.5 | 12,425.5 | 13,192.6 | 10,995.8 | 10,882.5 | 10,473.3 | 9,953.8 |
| EV/S | 1.8 | 1.5 | 1.1 | 1.4 | 1.2 | 1.1 | 1.0 | 0.9 |
| EV/EBITDA | 10.1 | 6.8 | 4.7 | 13.4 | 10.9 | 7.6 | 6.1 | 5.3 |
| EV/EBIT (adj.) | 23.7 | 10.2 | 6.6 | 38.6 | 18.4 | 13.8 | 10.0 | 8.1 |
| EV/EBIT | 16.7 | 9.9 | 6.2 | - | 22.4 | 13.8 | 10.0 | 8.1 |
| P/E (adj.) | 32.5 | 10.7 | 7.1 | 56.7 | 21.3 | 15.0 | 10.4 | 8.6 |
| P/E | 19.7 | 10.4 | 6.7 | - | 28.3 | 15.0 | 10.4 | 8.6 |
| P/B | 1.4 | 1.2 | 0.8 | 0.9 | 0.7 | 0.6 | 0.6 | 0.6 |
| P/S | 1.4 | 1.3 | 0.9 | 1.1 | 0.8 | 0.7 | 0.7 | 0.6 |
| Dividend yield | 1.9 % | 3.4 % | 4.6 % | 0.8 % | 1.1 % | 2.7 % | 4.3 % | 4.8 % |
| Equity ratio | 50.5 % | 56.1 % | 59.8 % | 52.5 % | 55.6 % | 56.6 % | 58.6 % | 61.4 % |
| Gearing ratio | 35.1 % | 23.0 % | 16.4 % | 30.4 % | 32.7 % | 30.6 % | 25.9 % | 20.6 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,174.0 | 9,396.0 | 2,164.0 | 2,301.0 | 2,261.0 | 2,194.1 | 8,920.1 | ||
| EBITDA | 407.1 | 981.0 | 259.0 | 217.9 | 280.1 | 253.5 | 1,010.5 | ||
| EBIT | -325.9 | -322.0 | 141.0 | 91.9 | 139.1 | 118.5 | 490.5 | ||
| Profit before taxes | -377.9 | -495.0 | 94.0 | 42.9 | 98.1 | 70.5 | 305.5 | ||
| Net income | -286.9 | -357.0 | 79.0 | 37.9 | 87.5 | 56.4 | 260.8 |
ShowingAll content types
Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (5 November 2024)
Stora Enso Oyj: Stora Enso strengthens wood supply chain to its packaging board site in Oulu by acquiring a Finnish sawmill company
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