Stora Enso
10.56
EUR
-0.28 %
STERV
NASDAQ Helsinki
Paper & Forest Products
Basic Materials
10,969 following
Income statement
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 10,045.0 | 10,486.0 | 10,055.0 | 8,553.0 | 10,163.7 | 11,679.8 | 9,396.0 | 8,880.0 | 9,760.8 | 10,931.3 | 11,498.7 |
growth-% | 4.4 % | -4.1 % | -14.9 % | 18.8 % | 14.9 % | -19.6 % | -5.5 % | 9.9 % | 12.0 % | 5.2 % | |
EBITDA | 1,419.0 | 1,869.0 | 1,902.0 | 1,531.0 | 2,225.0 | 2,644.2 | 981.0 | 980.9 | 1,138.9 | 1,635.7 | 1,773.4 |
EBIT (adj.) | 1,004.0 | 1,325.0 | 953.0 | 651.0 | 1,488.0 | 1,890.2 | 342.0 | 574.9 | 681.2 | 1,012.7 | 1,147.3 |
EBIT | 904.0 | 1,390.0 | 1,305.0 | 922.0 | 1,528.0 | 2,009.2 | -322.0 | -255.1 | 531.2 | 1,012.7 | 1,147.3 |
Profit before taxes | 742.0 | 1,210.0 | 1,137.0 | 773.0 | 1,379.0 | 1,858.2 | -495.0 | -440.1 | 348.7 | 843.2 | 972.8 |
Net income | 625.0 | 1,013.0 | 880.0 | 626.0 | 1,226.0 | 1,549.2 | -357.0 | -424.5 | 286.0 | 679.6 | 781.3 |
EPS (adj.) | 0.89 | 1.29 | 0.76 | 0.48 | 1.51 | 1.84 | 0.22 | 0.42 | 0.51 | 0.86 | 0.99 |
growth-% | 44.8 % | -41.4 % | -36.5 % | 214.2 % | 21.8 % | -88.0 % | 88.5 % | 23.7 % | 67.4 % | 15.0 % | |
Dividend | 0.41 | 0.50 | 0.30 | 0.30 | 0.55 | 0.60 | 0.20 | 0.20 | 0.25 | 0.40 | 0.45 |
Dividend ratio | 51.7 % | 38.9 % | 26.9 % | 37.8 % | 35.4 % | 30.5 % | -44.2 % | -37.2 % | 68.9 % | 46.4 % | 45.4 % |
Profitability and return on capital
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
EBITDA-% | 14.1 % | 17.8 % | 18.9 % | 17.9 % | 21.9 % | 22.6 % | 10.4 % | 11.0 % | 11.7 % | 15.0 % | 15.4 % |
EBIT-% (adj.) | 10.0 % | 12.6 % | 9.5 % | 7.6 % | 14.6 % | 16.2 % | 3.6 % | 6.5 % | 7.0 % | 9.3 % | 10.0 % |
EBIT-% | 9.0 % | 13.3 % | 13.0 % | 10.8 % | 15.0 % | 17.2 % | -3.4 % | -2.9 % | 5.4 % | 9.3 % | 10.0 % |
ROE | 15.9 % | 12.4 % | 7.7 % | 12.6 % | 13.3 % | -3.0 % | -4.0 % | 2.7 % | 6.3 % | 6.9 % | |
ROI | 14.5 % | 12.0 % | 7.4 % | 10.9 % | 12.9 % | -1.9 % | -1.4 % | 3.5 % | 6.6 % | 7.4 % |
Valuation
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Share price (EUR) | 13.20 | 10.01 | 12.97 | 15.65 | 16.14 | 13.15 | 12.53 | 10.56 | 10.56 | 10.56 | 10.56 |
Shares | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 | 788.6 |
Market cap | 10,409.9 | 7,890.3 | 10,228.6 | 12,342.1 | 12,728.5 | 10,370.5 | 9,877.6 | 8,328.0 | 8,328.0 | 8,328.0 | 8,328.0 |
Enterprise value | 12,814.9 | 10,103.3 | 13,532.6 | 15,431.1 | 15,184.5 | 12,425.5 | 13,192.6 | 12,053.6 | 12,326.9 | 11,943.8 | 11,537.9 |
EV/S | 1.3 | 1.0 | 1.3 | 1.8 | 1.5 | 1.1 | 1.4 | 1.4 | 1.3 | 1.1 | 1.0 |
EV/EBITDA | 9.0 | 5.4 | 7.1 | 10.1 | 6.8 | 4.7 | 13.4 | 12.3 | 10.8 | 7.3 | 6.5 |
EV/EBIT (adj.) | 12.8 | 7.6 | 14.2 | 23.7 | 10.2 | 6.6 | 38.6 | 21.0 | 18.1 | 11.8 | 10.1 |
EV/EBIT | 14.2 | 7.3 | 10.4 | 16.7 | 9.9 | 6.2 | - | - | 23.2 | 11.8 | 10.1 |
P/E (adj.) | 14.8 | 7.7 | 17.1 | 32.5 | 10.7 | 7.1 | 56.7 | 25.4 | 20.5 | 12.3 | 10.7 |
P/E | 16.7 | 7.8 | 11.6 | 19.7 | 10.4 | 6.7 | - | - | 29.1 | 12.3 | 10.7 |
P/B | 1.7 | 1.2 | 1.4 | 1.4 | 1.2 | 0.8 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 |
P/S | 1.0 | 0.8 | 1.0 | 1.4 | 1.3 | 0.9 | 1.1 | 0.9 | 0.9 | 0.8 | 0.7 |
Dividend yield | 3.1 % | 5.0 % | 2.3 % | 1.9 % | 3.4 % | 4.6 % | 1.6 % | 1.9 % | 2.4 % | 3.8 % | 4.3 % |
Equity ratio | 51.4 % | 52.4 % | 49.3 % | 50.5 % | 56.1 % | 59.8 % | 52.5 % | 53.6 % | 52.9 % | 54.6 % | 56.9 % |
Gearing ratio | 39.7 % | 32.9 % | 44.5 % | 35.1 % | 23.0 % | 16.4 % | 30.4 % | 36.1 % | 38.3 % | 33.1 % | 28.2 % |
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 | 2,154.0 | 8,880.0 | ||
EBITDA | 407.1 | 981.0 | 266.5 | 225.4 | 265.1 | 223.9 | 980.9 | ||
EBIT | -325.9 | -322.0 | 141.0 | 91.9 | 139.1 | -627.1 | -255.1 | ||
Profit before taxes | -377.9 | -495.0 | 94.0 | 42.9 | 98.1 | -675.1 | -440.1 | ||
Net income | -286.9 | -357.0 | 79.0 | 37.9 | 87.5 | -628.9 | -424.5 |