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UPM-Kymmene Oyj
OMXH:UPM

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UPM-Kymmene Oyj
OMXH:UPM
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Price: 25.47 EUR 2.49%
Market Cap: €13.4B

P/S

1.4
Current
1%
Cheaper
vs 3-y average of 1.4

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.4
=
Market Cap
€13.2B
/
Revenue
€9.7B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.4
=
Market Cap
€13.2B
/
Revenue
€9.7B

Valuation Scenarios

UPM-Kymmene Oyj is trading below its 3-year average

If P/S returns to its 3-Year Average (1.4), the stock would be worth €25.78 (1% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-36%
Maximum Upside
+11%
Average Downside
9%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.4 €25.47
0%
3-Year Average 1.4 €25.78
+1%
5-Year Average 1.5 €28.38
+11%
Industry Average 0.9 €16.27
-36%
Country Average 1.2 €22.62
-11%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€13.2B
/
Jan 2026
€9.7B
=
1.4
Current
€13.2B
/
Dec 2026
€9.9B
=
1.3
Forward
€13.2B
/
Dec 2027
€10.3B
=
1.3
Forward
€13.2B
/
Dec 2028
€10.4B
=
1.3
Forward
€13.2B
/
Dec 2029
€10.8B
=
1.2
Forward
€13.2B
/
Dec 2030
€10.2B
=
1.3
Forward
€13.2B
/
Dec 2031
€10.3B
=
1.3
Forward
€13.2B
/
Dec 2032
€10.4B
=
1.3
Forward
€13.2B
/
Dec 2033
€10.6B
=
1.2
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
FI
UPM-Kymmene Oyj
OMXH:UPM
13.4B EUR 1.4 28
BR
Suzano SA
BOVESPA:SUZB3
55.4B BRL 1.1 4.1
ZA
Sappi Ltd
JSE:SAP
9.8B ZAR 0.1 -2.2
FI
Stora Enso Oyj
OMXH:STERV
7.5B EUR 0.8 10.7
CN
Shandong Sun Paper Co Ltd
SZSE:002078
41.1B CNY 1 12.6
JP
Oji Holdings Corp
TSE:3861
834.3B JPY 0.4 31
SE
Holmen AB
STO:HOLM B
48.2B SEK 2.3 17.7
UK
Mondi PLC
LSE:MNDI
3.3B GBP 0.5 23.3
HK
Nine Dragons Paper (Holdings) Ltd
HKEX:2689
29.7B HKD 0.4 8
CN
Guangxi Yuegui Guangye Holdings Co Ltd
SZSE:000833
25.4B CNY 8.3 53
US
Domtar Corp
TSX:UFS
3.9B CAD 0.9 123.3

Market Distribution

In line with most companies in Finland
Percentile
52nd
Based on 495 companies
52nd percentile
1.4
Low
0 — 0.8
Typical Range
0.8 — 2.6
High
2.6 —
Distribution Statistics
Finland
Min 0
30th Percentile 0.8
Median 1.2
70th Percentile 2.6
Max 4 129.6

UPM-Kymmene Oyj
Glance View

Market Cap
13.4B EUR
Industry
Paper & Forest

UPM-Kymmene Oyj, often simply known as UPM, stands as a distinguished entity in the forest-based bioindustry, seamlessly integrating traditional papermaking with innovative biotechnology. Rooted in Finland, the company has carved out a reputation for leveraging renewable materials to create sustainable solutions. UPM operates through six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, and UPM Plywood. Each plays a critical role in its ecosystem, with UPM Biorefining focusing on producing pulp, timber, and biofuels, while UPM Energy manages its hydro and nuclear power assets, contributing to the company’s low-carbon footprint. UPM Raflatac, a market leader in self-adhesive labels, continues to innovate, catering to industries from retail to pharmaceuticals. The interplay across these segments not only solidifies UPM's position in the market but also underscores its commitment to sustainable development and bioinnovation. At the heart of UPM’s financial success lies its adaptability and forward-thinking approach. The company’s investment in new technologies and sustainable practices yields robust, long-term value creation. For instance, through UPM Specialty Papers and UPM Communication Papers, it delivers customized, high-quality solutions while optimizing resource efficiency. Meanwhile, UPM's venture into the biofuels sector exemplifies its ability to tap into emerging market demands, particularly as global attention turns to environmentally friendly alternatives to fossil fuels. By harnessing its extensive global network and integrating sustainable practices across its operations, UPM effectively reduces environmental impact while generating diversified revenue streams. This multifaceted approach enables the company not only to anticipate market shifts but also to steer the industry towards a circular economy, positioning itself as a resilient and future-ready corporation in the bioforestry sector.

UPM Intrinsic Value
33.91 EUR
Undervaluation 25%
Intrinsic Value
Price €25.47
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