UPM-Kymmene Oyj (UPM) Stock Overview
Engages in the forest-based bioindustry worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
UPM Community Fair Values
Create NarrativeSee what 39 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
UPM-Kymmene Oyj Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €25.05 |
| 52 Week High | €27.94 |
| 52 Week Low | €21.72 |
| Beta | 0.21 |
| 1 Month Change | -4.54% |
| 3 Month Change | -9.11% |
| 1 Year Change | 0.52% |
| 3 Year Change | -14.71% |
| 5 Year Change | -22.11% |
| Change since IPO | 223.28% |
Recent News & Updates
Recent updates
Analysis Article • May 04
UPM-Kymmene Oyj Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
The quarterly results for UPM-Kymmene Oyj ( HEL:UPM ) were released last week, making it a good time to revisit its...
Narrative Update • Apr 22
UPM: Future Returns Will Reflect 2026 Cost Savings And Execution Risk Balancing
Narrative Update The updated analyst price target for UPM-Kymmene has edged down by about €0.32, as analysts factor in slightly higher discount rates, modestly adjusted revenue growth expectations, a small change in forecast P/E, and recent research that includes a lower target from JPMorgan, a neutral initiation, and a Hold upgrade with a €22.50 target citing meaningful 2026 cost improvements. Analyst Commentary Recent research on UPM-Kymmene Oyj points to a mix of caution and guarded optimism, with price targets and ratings shifting around updated assumptions on cost improvements and execution risk.Narrative Update • Apr 07
UPM: Future Returns Will Balance 2026 Cost Savings And Execution Risks
Analysts have nudged the fair value estimate for UPM-Kymmene slightly higher to €26.13, reflecting updated assumptions on discount rates, modestly stronger long term revenue and margin expectations, and recent research that includes a trimmed price target from one bank, a neutral initiation, and an upgrade to Hold with a higher €22.50 target, citing meaningful 2026 cost improvements. Analyst Commentary Recent research on UPM-Kymmene points to a mixed but constructive tone, with adjustments to price targets and ratings feeding into a slightly higher fair value estimate of €26.13.Narrative Update • Mar 24
UPM: Future Returns Will Reflect Cost Efficiencies And Execution Uncertainties
Analysts have made only a marginal adjustment to UPM-Kymmene Oyj's fair value estimate to €26.12, reflecting slightly different assumptions on growth, margins and future P/E. Recent research highlights meaningful cost improvements into 2026 and mixed price target moves, including the upgrade to Hold with a €22.50 target and a separate €0.30 reduction from another firm.Narrative Update • Mar 09
UPM: Future Returns Will Reflect Fine Tuned Assumptions And Execution Risks
Narrative Update Analysts now see UPM-Kymmene’s fair value edging up by about €0.21 per share to €26.14, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples following recent price target revisions such as JPMorgan’s €0.30 cut. Analyst Commentary Recent commentary circles around how the latest €0.30 cut in the price target fits with the updated fair value of €26.14 per share, and what that implies for execution risk and upside potential from here.Narrative Update • Feb 23
UPM: Future Returns Will Reflect Fine Tuned Assumptions And Capacity Actions
Narrative Update Analysts have trimmed their price target on UPM-Kymmene Oyj by about €0.10, reflecting slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E after recent research updates such as the €0.30 target cut cited by JPMorgan. Analyst Commentary Recent research, including the €0.30 target cut at JPMorgan, points to a modest recalibration rather than a wholesale shift in how the market views UPM-Kymmene Oyj.Narrative Update • Feb 08
UPM: Future Returns Will Reflect Pulp Prices And Capacity Restructuring
Narrative Update Analysts have trimmed their price target for UPM-Kymmene Oyj by about €0.03, citing slightly more conservative assumptions on discount rates and revenue growth. The revised target still reflects firm profit margin expectations, future P/E considerations, and recent target cuts and rating changes from the Street.Narrative Update • Jan 24
UPM: Future Returns Will Reflect Pulp Prices And Paper Mill Actions
Analysts have inched their fair value estimate for UPM-Kymmene up to €26.07 from €25.81, as recent price target cuts from €28.50 to €27.50 and from €26.70 to €26.20 and a downgrade to Equal Weight are paired with slightly updated assumptions on discount rate, revenue growth, profit margins and future P/E. Analyst Commentary Recent research on UPM-Kymmene shows a mix of optimism on execution and value, alongside caution around catalysts and near term momentum.Narrative Update • Jan 09
UPM: Future Returns Will Hinge On Pulp Prices And Mill Restructuring
Analysts have raised their fair value estimate for UPM-Kymmene slightly to about €25.81 and lowered their price targets, as they incorporate more cautious assumptions on revenue growth, profit margins and future P/E multiples following a series of reduced Street targets between €22 and €27.50. Analyst Commentary Recent Street research on UPM-Kymmene Oyj has tilted more cautious on near term upside, even as some firms maintain constructive views on the shares.Narrative Update • Dec 26
UPM: Future Returns Will Depend On Pulp Markets And Mill Restructuring Outcomes
Analysts have trimmed their price target on UPM Kymmene slightly, with fair value edging down by about EUR 0.12 to reflect a modestly lower long term revenue growth and profit margin outlook, as well as reduced pulp price driven upside. Analyst Commentary Recent Street research on UPM Kymmene reflects a more balanced risk reward profile, with adjustments to both ratings and price targets as analysts reassess pulp price leverage and the pace of earnings recovery.Narrative Update • Dec 11
UPM: Future Returns Will Depend On Pulp Prices And Project Execution Stability
Analysts have trimmed their price target for UPM-Kymmene Oyj by approximately EUR 0.12 to reflect a slightly higher discount rate and marginally softer long term revenue growth expectations, even as profit margin and future P/E assumptions remain broadly stable. Analyst Commentary Recent Street research on UPM-Kymmene reflects a more nuanced stance, with several price target cuts but still a mix of constructive and cautious views on the company’s risk or reward profile.Narrative Update • Nov 27
UPM: Future Performance Will Depend On Pulp Price Recovery And Execution
The analyst price target for UPM-Kymmene Oyj has been revised slightly lower from EUR 26.25 to EUR 25.91, as analysts cite the absence of a strong catalyst in the absence of a sustained pulp price recovery and recent downward adjustments across the Street. Analyst Commentary Recent Street research on UPM-Kymmene Oyj reflects a mixed outlook, with both optimism and caution among analysts.Narrative Update • Nov 12
UPM: Near-Term Market Challenges And Execution Will Shape Performance Outlook
The analyst price target for UPM-Kymmene Oyj has been modestly reduced by EUR 0.48 to EUR 26.25, as analysts cite slightly lower expectations for revenue growth and profit margins. Analyst Commentary Analyst sentiment towards UPM-Kymmene Oyj has been mixed in recent updates, reflecting a nuanced outlook on the company’s near-term prospects.Narrative Update • Oct 29
Biofuels And Operational Discipline Will Drive Long-Term Upside Potential
Analysts have slightly reduced their average price target for UPM-Kymmene Oyj from €27.13 to €26.73, citing adjustments to growth outlook and profit margin forecasts. Analyst Commentary Analyst opinions on UPM-Kymmene Oyj remain divided, as recent changes to price targets reflect a combination of optimism about the company's positioning and caution regarding the evolving market environment.Narrative Update • Aug 30
Leuna Biorefinery And Biofuels Will Drive A Sustainable Future
Analysts have slightly lowered their price target for UPM-Kymmene Oyj to €26.99, citing reduced near-term pulp price expectations and persistent demand uncertainty, while maintaining a generally positive long-term outlook. Analyst Commentary Bullish analysts note a downgrade in near-term pulp price expectations, which impacts earnings outlook across the paper and packaging sector.Analysis Article • Aug 28
UPM-Kymmene Oyj (HEL:UPM) May Have Issues Allocating Its Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...Analysis Article • Jul 27
UPM-Kymmene Oyj Just Missed EPS By 37%: Here's What Analysts Think Will Happen Next
It's shaping up to be a tough period for UPM-Kymmene Oyj ( HEL:UPM ), which a week ago released some disappointing...Analysis Article • Jul 25
UPM-Kymmene Oyj (HEL:UPM) Has Announced A Dividend Of €0.75
The board of UPM-Kymmene Oyj ( HEL:UPM ) has announced that it will pay a dividend on the 7th of November, with...Analysis Article • Jul 15
Is There An Opportunity With UPM-Kymmene Oyj's (HEL:UPM) 44% Undervaluation?
Key Insights UPM-Kymmene Oyj's estimated fair value is €42.68 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Jun 27
Why We're Not Concerned About UPM-Kymmene Oyj's (HEL:UPM) Share Price
When close to half the companies in Finland have price-to-earnings ratios (or "P/E's") below 20x, you may consider...Analysis Article • May 27
UPM-Kymmene Oyj (HEL:UPM) Will Pay A Dividend Of €0.75
UPM-Kymmene Oyj's ( HEL:UPM ) investors are due to receive a payment of €0.75 per share on 7th of November. This makes...
New Narrative • Nov 09
Innovative Strategies And Green Solutions Propel Future Growth Amidst Market Uncertainty
Optimization in Uruguay and leveraging advanced materials could boost UPM's profitability and revenue growth amid rising demand for CO2-free energy.Shareholder Returns
| UPM | FI Forestry | FI Market | |
|---|---|---|---|
| 7D | -1.1% | -1.7% | 1.2% |
| 1Y | 0.5% | -11.2% | 28.3% |
Return vs Industry: UPM exceeded the Finnish Forestry industry which returned -10.4% over the past year.
Return vs Market: UPM underperformed the Finnish Market which returned 28.6% over the past year.
Price Volatility
| UPM volatility | |
|---|---|
| UPM Average Weekly Movement | 3.2% |
| Forestry Industry Average Movement | 4.1% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in FI Market | 8.0% |
| 10% least volatile stocks in FI Market | 3.1% |
Stable Share Price: UPM has not had significant price volatility in the past 3 months compared to the Finnish market.
Volatility Over Time: UPM's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1871 | 14,801 | Massimo Reynaudo | www.upm.com |
UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry worldwide. It operates through UPM Fibres, UPM Energy, UPM Adhesive Materials, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company offers softwood, birch, and eucalyptus pulp for tissue, specialty papers, packaging papers, graphic papers, and board; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry.
UPM-Kymmene Oyj Fundamentals Summary
| UPM fundamental statistics | |
|---|---|
| Market cap | €13.21b |
| Earnings (TTM) | €538.00m |
| Revenue (TTM) | €9.52b |
24.6x
P/E Ratio1.4x
P/S RatioIs UPM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| UPM income statement (TTM) | |
|---|---|
| Revenue | €9.52b |
| Cost of Revenue | €8.44b |
| Gross Profit | €1.07b |
| Other Expenses | €533.00m |
| Earnings | €538.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 23, 2026
| Earnings per share (EPS) | 1.02 |
| Gross Margin | 11.26% |
| Net Profit Margin | 5.65% |
| Debt/Equity Ratio | 35.4% |
How did UPM perform over the long term?
See historical performance and comparisonDividends
6.0%
Current Dividend Yield147%
Payout RatioDoes UPM pay a reliable dividends?
See UPM dividend history and benchmarks| UPM-Kymmene Oyj dividend dates | |
|---|---|
| Ex Dividend Date | Oct 29 2026 |
| Dividend Pay Date | Nov 06 2026 |
| Days until Ex dividend | 165 days |
| Days until Dividend pay date | 173 days |
Does UPM pay a reliable dividends?
See UPM dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/15 17:37 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
UPM-Kymmene Oyj is covered by 27 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Ramchandra Kamath | Barclays |
| Ramchandra Kamath | Barclays |