Metsä Board
4.384
EUR
-1.08 %
METSB
NASDAQ Helsinki
Paper & Forest Products
Basic Materials
10,575 following
-1.08%
-3.09%
-24.02%
-28.66%
-45.54%
-39.03%
-38.47%
-48.12%
-30.19%
-1.13%
www.metsagroup.com/metsaboard/investors
Metsä Board is a manufacturing company active in the paper and pulp industry. The company is a manufacturer of cartons made of forest fiber. The products are used for consumer and food products. In addition to the production of cartons, the company offers services related to technical analysis and design development. The company is most active in the European market. Metsä Board´s head office is located in Espoo, Finland.
P/E (adj.) (24e)
34.71
EV/EBIT (adj.) (24e)
24.58
P/B (24e)
0.84
Dividend yield-% (24e)
2.28 %
Target price
5.25 EUR
Recommendation
Reduce
Updated
24.10.2024
NASDAQ Helsinki
METSB
Daily low / high price
4.38 / 4.446
EUR
Market cap
1.56B EUR
Turnover
514.3K EUR
Volume
117K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Annual report
2025-02-06
Interim report
2025-04-29
Interim report
2025-07-31
Interim report
2025-10-23
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,889.5 | 2,084.1 | 2,479.5 | 1,941.9 | 1,990.6 | 2,277.0 | 2,373.0 | 2,439.0 |
| growth-% | -2.2 % | 10.3 % | 19.0 % | -21.7 % | 2.5 % | 14.4 % | 4.2 % | 2.8 % |
| EBITDA | 321.8 | 466.1 | 614.6 | 214.6 | 190.8 | 304.5 | 354.5 | 406.2 |
| EBIT (adj.) | 221.3 | 386.6 | 520.7 | 122.2 | 85.6 | 193.0 | 222.0 | 253.0 |
| EBIT | 227.3 | 375.9 | 531.5 | 120.8 | 76.9 | 193.0 | 222.0 | 253.0 |
| Profit before taxes | 212.3 | 365.8 | 524.9 | 120.9 | 66.0 | 178.7 | 205.1 | 236.5 |
| Net income | 170.1 | 292.1 | 409.9 | 94.8 | 37.8 | 133.3 | 154.3 | 181.1 |
| EPS (adj.) | 0.46 | 0.85 | 1.14 | 0.27 | 0.13 | 0.37 | 0.43 | 0.51 |
| growth-% | 12.3 % | 82.6 % | 33.9 % | -76.2 % | -53.3 % | 196.9 % | 15.8 % | 17.3 % |
| Dividend | 0.26 | 0.41 | 0.58 | 0.25 | 0.10 | 0.20 | 0.25 | 0.30 |
| Dividend ratio | 54.3 % | 49.9 % | 50.3 % | 93.7 % | 94.1 % | 53.3 % | 57.6 % | 58.9 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 17.0 % | 22.4 % | 24.8 % | 11.1 % | 9.6 % | 13.4 % | 14.9 % | 16.7 % |
| EBIT-% (adj.) | 11.7 % | 18.5 % | 21.0 % | 6.3 % | 4.3 % | 8.5 % | 9.4 % | 10.4 % |
| EBIT-% | 12.0 % | 18.0 % | 21.4 % | 6.2 % | 3.9 % | 8.5 % | 9.4 % | 10.4 % |
| ROE | 12.5 % | 18.9 % | 21.7 % | 4.8 % | 2.0 % | 7.0 % | 7.8 % | 8.7 % |
| ROI | 12.6 % | 18.2 % | 21.3 % | 4.8 % | 3.3 % | 7.8 % | 8.5 % | 9.4 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 8.62 | 8.61 | 8.77 | 7.19 | 4.38 | 4.38 | 4.38 | 4.38 |
| Shares | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 | 355.5 |
| Market cap | 3,064.7 | 3,061.2 | 3,118.1 | 2,556.3 | 1,558.7 | 1,558.7 | 1,558.7 | 1,558.7 |
| Enterprise value | 3,301.9 | 3,242.7 | 3,473.6 | 2,961.6 | 2,104.2 | 2,126.1 | 2,128.2 | 2,095.4 |
| EV/S | 1.7 | 1.6 | 1.4 | 1.5 | 1.1 | 0.9 | 0.9 | 0.9 |
| EV/EBITDA | 10.3 | 7.0 | 5.7 | 13.8 | 11.0 | 7.0 | 6.0 | 5.2 |
| EV/EBIT (adj.) | 14.9 | 8.4 | 6.7 | 24.2 | 24.6 | 11.0 | 9.6 | 8.3 |
| EV/EBIT | 14.5 | 8.6 | 6.5 | 24.5 | 27.4 | 11.0 | 9.6 | 8.3 |
| P/E (adj.) | 18.5 | 10.1 | 7.7 | 26.6 | 34.7 | 11.7 | 10.1 | 8.6 |
| P/E | 18.0 | 10.5 | 7.6 | 27.0 | 41.2 | 11.7 | 10.1 | 8.6 |
| P/B | 2.2 | 1.8 | 1.5 | 1.3 | 0.8 | 0.8 | 0.8 | 0.7 |
| P/S | 1.6 | 1.5 | 1.3 | 1.3 | 0.8 | 0.7 | 0.7 | 0.6 |
| Dividend yield | 3.0 % | 4.8 % | 6.6 % | 3.5 % | 2.3 % | 4.6 % | 5.7 % | 6.8 % |
| Equity ratio | 60.1 % | 63.2 % | 66.2 % | 67.2 % | 66.9 % | 65.8 % | 66.1 % | 67.3 % |
| Gearing ratio | 17.2 % | -4.2 % | 4.3 % | 7.1 % | 14.3 % | 14.7 % | 14.2 % | 12.2 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 422.7 | 1,941.9 | 483.7 | 509.9 | 499.0 | 498.0 | 1,990.6 | ||
| EBITDA | 25.1 | 214.6 | 56.9 | 26.4 | 66.0 | 41.5 | 190.8 | ||
| EBIT | -0.2 | 120.8 | 23.0 | -0.7 | 41.6 | 13.0 | 76.9 | ||
| Profit before taxes | 1.4 | 120.9 | 20.1 | -2.5 | 38.4 | 10.0 | 66.0 | ||
| Net income | 2.5 | 94.8 | 13.1 | -9.1 | 27.6 | 6.2 | 37.8 |
ShowingAll content types
Metsä Board Oyj: Modernising for the future: Metsä Board drives forward with major upgrades to Simpele mill
Metsä Board Oyj: Metsä Board starts change negotiations on possible temporary layoffs in Finland
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Metsä Board Oyj, Interim report for January-September 2024
Metsä Board Oyj: Metsä Board's comparable operating result in 2024 January-September was EUR 73 million
Metsä Board Oyj: Metsä Board Corporation's directed share issue without consideration for the payment of the rewards under the share plan for the restriction period 2022-2024
Metsä Board Oyj: Metsä Board renews its dividend policy
Metsä Board Oyj: Metsä Board develops new lightweight micro-flute packaging for HejBuddy cosmetics brand
Metsä Board Oyj: Invitation to conference call and webcast presentation of Metsä Board's January-September 2024 results
Metsä Board Oyj: Laura Remes has been appointed SVP, Business Development and a Member of the Corporate Management Team at Metsä Board
Metsä Board Oyj: Metsä Board and Kouvolan Lakritsi collaborate on innovative paperboard mug packaging
Metsä Board Oyj: Packaging designs made of Metsä Board's paperboard win gold at the European Carton Excellence Awards
Metsä Board Oyj: Metsä Board's side streams developed into bedding for animal farms
Metsä Board Oyj: Metsä Board to showcase circular packaging expertise at FACHPACK 2024
