Valmet
21.51
EUR
-0.65 %
VALMT
NASDAQ Helsinki
Industrial Goods & Services
Industrials
14,424 following
-0.65%
-5.82%
-10.71%
-15.68%
-17.46%
-17.62%
-10.41%
-41.58%
+6.38%
+223.46%
www.valmet.com/investors
Valmet is a technical supplier in the pulp, paper, and energy industries. Services and products offered include printing machines, spare equipment, condition testing of machines, and automation service solutions. In addition to the main business, aftermarket service and training are also offered. Businesses are conducted on a global level, with the largest domestic market in the Nordic region. The company has its headquarters in Espoo.
P/E (adj.) (24e)
10.34
EV/EBIT (adj.) (24e)
8.58
P/B (24e)
1.58
Dividend yield-% (24e)
6.51 %
Target price
28.00 EUR
Recommendation
Accumulate
Updated
30.10.2024
NASDAQ Helsinki
VALMT
Daily low / high price
21.41 / 21.69
EUR
Market cap
3.97B EUR
Turnover
2.15M EUR
Volume
100K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Annual report
13.02.2025
General meeting
26.03.2025
Interim report
24.04.2025
Interim report
23.07.2025
Interim report
29.10.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,739.0 | 3,934.0 | 5,074.0 | 5,532.0 | 5,355.4 | 5,290.7 | 5,738.4 | 5,833.3 |
| growth-% | 5.4 % | 5.2 % | 29.0 % | 9.0 % | -3.2 % | -1.2 % | 8.5 % | 1.7 % |
| EBITDA | 425.5 | 521.0 | 639.0 | 703.0 | 696.1 | 747.3 | 813.6 | 842.8 |
| EBIT (adj.) | 354.5 | 398.0 | 511.0 | 598.0 | 584.1 | 609.0 | 672.9 | 702.8 |
| EBIT | 318.5 | 399.0 | 436.0 | 507.0 | 462.1 | 531.0 | 596.9 | 628.8 |
| Profit before taxes | 306.8 | 396.0 | 431.5 | 473.0 | 396.1 | 473.0 | 543.9 | 580.8 |
| Net income | 231.0 | 296.2 | 337.9 | 357.5 | 292.0 | 357.1 | 410.6 | 438.5 |
| EPS (adj.) | 1.73 | 1.98 | 2.07 | 2.31 | 2.08 | 2.25 | 2.57 | 2.70 |
| growth-% | 24.4 % | 14.5 % | 5.0 % | 11.2 % | -9.8 % | 8.3 % | 14.1 % | 5.0 % |
| Dividend | 0.90 | 1.20 | 1.30 | 1.35 | 1.40 | 1.45 | 1.50 | 1.55 |
| Dividend ratio | 58.3 % | 60.6 % | 71.0 % | 69.7 % | 88.5 % | 74.9 % | 67.4 % | 65.2 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 11.4 % | 13.2 % | 12.6 % | 12.7 % | 13.0 % | 14.1 % | 14.2 % | 14.4 % |
| EBIT-% (adj.) | 9.5 % | 10.1 % | 10.1 % | 10.8 % | 10.9 % | 11.5 % | 11.7 % | 12.0 % |
| EBIT-% | 8.5 % | 10.1 % | 8.6 % | 9.2 % | 8.6 % | 10.0 % | 10.4 % | 10.8 % |
| ROE | 21.2 % | 24.1 % | 17.7 % | 14.1 % | 11.5 % | 14.0 % | 15.3 % | 15.5 % |
| ROI | 21.7 % | 23.2 % | 17.0 % | 13.8 % | 11.3 % | 13.0 % | 14.8 % | 15.7 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 23.36 | 37.72 | 29.00 | 26.11 | 21.51 | 21.51 | 21.51 | 21.51 |
| Shares | 149.5 | 149.5 | 184.5 | 184.5 | 184.5 | 184.5 | 184.5 | 184.5 |
| Market cap | 3,492.1 | 5,638.8 | 5,351.4 | 4,818.1 | 3,969.2 | 3,969.2 | 3,969.2 | 3,969.2 |
| Enterprise value | 3,714.1 | 5,595.8 | 5,882.4 | 5,870.1 | 5,013.1 | 4,943.0 | 4,768.1 | 4,595.6 |
| EV/S | 1.0 | 1.4 | 1.2 | 1.1 | 0.9 | 0.9 | 0.8 | 0.8 |
| EV/EBITDA | 8.7 | 10.7 | 9.2 | 8.4 | 7.2 | 6.6 | 5.9 | 5.5 |
| EV/EBIT (adj.) | 10.5 | 14.1 | 11.5 | 9.8 | 8.6 | 8.1 | 7.1 | 6.5 |
| EV/EBIT | 11.7 | 14.0 | 13.5 | 11.6 | 10.8 | 9.3 | 8.0 | 7.3 |
| P/E (adj.) | 13.5 | 19.1 | 14.0 | 11.3 | 10.3 | 9.5 | 8.4 | 8.0 |
| P/E | 15.1 | 19.0 | 15.8 | 13.5 | 13.6 | 11.1 | 9.7 | 9.1 |
| P/B | 3.1 | 4.3 | 2.1 | 1.9 | 1.6 | 1.5 | 1.4 | 1.4 |
| P/S | 0.9 | 1.4 | 1.1 | 0.9 | 0.7 | 0.8 | 0.7 | 0.7 |
| Dividend yield | 3.9 % | 3.2 % | 4.5 % | 5.2 % | 6.5 % | 6.7 % | 7.0 % | 7.2 % |
| Equity ratio | 39.0 % | 42.0 % | 49.3 % | 43.5 % | 43.7 % | 45.4 % | 46.8 % | 50.0 % |
| Gearing ratio | 19.4 % | -3.2 % | 21.2 % | 40.9 % | 41.5 % | 37.3 % | 29.0 % | 21.5 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,499.0 | 5,532.0 | 1,212.0 | 1,324.0 | 1,295.0 | 1,524.4 | 5,355.4 | ||
| EBITDA | 201.0 | 703.0 | 140.6 | 158.8 | 175.6 | 221.1 | 696.1 | ||
| EBIT | 148.0 | 507.0 | 86.6 | 102.8 | 108.6 | 164.1 | 462.1 | ||
| Profit before taxes | 133.0 | 473.0 | 73.4 | 84.0 | 91.6 | 147.1 | 396.1 | ||
| Net income | 103.5 | 357.5 | 56.0 | 58.0 | 67.6 | 110.4 | 292.0 |
ShowingAll content types
Valmet Oyj: Valmet to supply a complete papermaking line to one of its major customers in Asia-Pacific
Valmet Q3'24: Clarifying the tangle of profit warnings
Join Inderes community
Don't miss out - create an account and get all the possible benefits
Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Valmet Oyj: Notification according to Chapter 9, Section 5 of the Finnish Securities Markets Act: Swedbank Robur Fonder AB's ownership in Valmet decreased to below 5 percent
Change in Valmet Oyj's holding of treasury shares
Valmet Oyj: Valmet's website ranked number one in a survey by Comprend
Valmet Oyj - Manager's transaction: Hänninen, Olli
Valmet Oyj: Valmet's Interim Review January 1 - September 30, 2024: Record-high third quarter margin, but slower market activity than expected
Valmet, Q3'24
Valmet Oyj: Inside information: Valmet confirms signing contracts for previously announced project with Arauco
Valmet Oyj: Valmet's change negotiations completed in Finland in its Paper business line's Board and Paper Mills business unit
Valmet Oyj: Publishing of Valmet's Interim Review January - September 2024 on October 30, 2024
Valmet Oyj: Inside information: Valmet notified of arbitration claim by Metsä Fibre Oy
Valmet Oyj: Inside information, negative profit warning: Valmet estimates that Comparable EBITA in 2024 will remain at the previous year's level
