Financials Metsä Board Oyj Nasdaq Helsinki

Equities

METSA

FI0009000640

Paper Packaging

Real-time Estimate Cboe Europe 16:17:27 15/05/2024 BST 5-day change 1st Jan Change
8.11 EUR +1.37% Intraday chart for Metsä Board Oyj +3.29% +4.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,136 3,065 3,086 3,153 2,571 2,623 - -
Enterprise Value (EV) 1 2,447 3,304 3,009 3,250 2,718 2,912 2,831 2,772
P/E ratio 14.6 x 18 x 10.5 x 7.62 x 26.6 x 20.2 x 12.1 x 9.93 x
Yield 4% 3.02% 4.76% 6.62% 3.48% 3.5% 4.54% 5.35%
Capitalization / Revenue 1.11 x 1.62 x 1.48 x 1.27 x 1.32 x 1.25 x 1.12 x 1.07 x
EV / Revenue 1.27 x 1.75 x 1.44 x 1.31 x 1.4 x 1.39 x 1.21 x 1.13 x
EV / EBITDA 8.77 x 10.5 x 6.37 x 5.39 x 12.6 x 10.1 x 6.71 x 6.02 x
EV / FCF 18.2 x 19.9 x 20.5 x 122 x 21.8 x 422 x 15.9 x 9.99 x
FCF Yield 5.48% 5.02% 4.87% 0.82% 4.58% 0.24% 6.27% 10%
Price to Book 1.59 x 2.22 x 1.8 x 1.5 x 1.34 x 1.29 x 1.23 x 1.15 x
Nbr of stocks (in thousands) 355,513 355,513 355,513 354,513 354,812 355,035 - -
Reference price 2 5.995 8.620 8.610 8.765 7.190 7.325 7.325 7.325
Announcement Date 12/02/20 11/02/21 10/02/22 09/02/23 08/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,932 1,889 2,084 2,480 1,942 2,094 2,332 2,451
EBITDA 1 279 316 472.2 602.8 216 288.8 421.6 460.3
EBIT 1 184.4 221 386.6 520.7 122.2 177.7 308.6 342
Operating Margin 9.55% 11.7% 18.55% 21% 6.29% 8.49% 13.23% 13.96%
Earnings before Tax (EBT) 1 165.6 212.3 365.8 524.9 120.9 159 298.9 333.2
Net income 1 144.6 170.1 314 461.3 101.6 128.4 215 262
Net margin 7.49% 9% 15.07% 18.6% 5.23% 6.13% 9.22% 10.69%
EPS 2 0.4100 0.4800 0.8200 1.150 0.2700 0.3627 0.6050 0.7373
Free Cash Flow 1 134.2 165.7 146.6 26.7 124.4 6.9 177.5 277.5
FCF margin 6.95% 8.77% 7.03% 1.08% 6.41% 0.33% 7.61% 11.32%
FCF Conversion (EBITDA) 48.1% 52.44% 31.05% 4.43% 57.59% 2.39% 42.11% 60.29%
FCF Conversion (Net income) 92.81% 97.41% 46.69% 5.79% 122.44% 5.37% 82.56% 105.9%
Dividend per Share 2 0.2400 0.2600 0.4100 0.5800 0.2500 0.2561 0.3329 0.3916
Announcement Date 12/02/20 11/02/21 10/02/22 09/02/23 08/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 518.5 582 650.5 647.3 599.8 542.1 498.2 479 422.6 483.7 477 571.3 578.7 572 577
EBITDA 1 109.1 142.7 167.2 176.1 116.8 113.7 52.7 23.5 26 57.8 33.87 94 103.2 100 105
EBIT 1 91.3 121.5 145.9 152.5 100.8 88.7 27.3 5.5 0.7 31.5 -1.68 69 77.8 72 77
Operating Margin 17.61% 20.88% 22.43% 23.56% 16.81% 16.36% 5.48% 1.15% 0.17% 6.51% -0.35% 12.08% 13.44% 12.59% 13.34%
Earnings before Tax (EBT) 1 90.7 139.1 140 152.4 93.4 87.7 27.5 4.3 1.4 20.1 3.033 63.5 72.7 70 75
Net income 1 78.5 110.7 106.4 132.9 89.6 75.9 19.8 2.8 0.9 14.8 1.893 53.36 61.06 58 62
Net margin 15.14% 19.02% 16.36% 20.53% 14.94% 14% 3.97% 0.58% 0.21% 3.06% 0.4% 9.34% 10.55% 10.14% 10.75%
EPS 2 0.1900 0.3100 0.3000 0.3300 0.2100 0.1900 0.0600 0.0100 0.0100 0.0400 -0.0148 0.1554 0.1782 - -
Dividend per Share 2 0.4100 - - - - - - - - - 0.1766 - - - 0.2873
Announcement Date 10/02/22 28/04/22 28/07/22 27/10/22 09/02/23 27/04/23 27/07/23 26/10/23 08/02/24 25/04/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 311 238 - 96.8 147 289 208 150
Net Cash position 1 - - 77.2 - - - - -
Leverage (Debt/EBITDA) 1.114 x 0.7544 x - 0.1606 x 0.6782 x 1.002 x 0.4934 x 0.3251 x
Free Cash Flow 1 134 166 147 26.7 124 6.9 178 278
ROE (net income / shareholders' equity) 10.9% 12.5% 19.4% 22.5% 4.7% 6.47% 10.2% 12.2%
ROA (Net income/ Total Assets) 6.35% 7.44% 12% 14.3% 3.21% 4.4% 7.08% 9.7%
Assets 1 2,277 2,287 2,612 3,232 3,161 2,918 3,037 2,701
Book Value Per Share 2 3.760 3.890 4.780 5.860 5.350 5.680 5.960 6.400
Cash Flow per Share 2 0.5700 0.8700 0.8600 0.6500 0.9100 0.5700 0.9200 1.200
Capex 1 94.3 154 214 274 218 199 143 124
Capex / Sales 4.88% 8.16% 10.25% 11.06% 11.25% 9.49% 6.12% 5.07%
Announcement Date 12/02/20 11/02/21 10/02/22 09/02/23 08/02/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
7.325 EUR
Average target price
7.7 EUR
Spread / Average Target
+5.12%
Consensus