Stora Enso

9.3 EUR

-0.21 %

STERV

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

10,903 following

-0.21%

-13.85%

-18.28%

-31.49%

-25.75%

-22.08%

-37.88%

-24.02%

+48.24%

www.storaenso.com

Stora Enso is a global forest industry group. The business segments include the production and development of newsprint and book paper, consumer boxes, industrial packaging and other wood products. The group is active on a global level with the largest presence in Europe and North America. The company was founded in 1998 at the merger of Finska Enso and Swedish Stora Kopparbergs Bergslags Aktiebolag. The head office is located in Helsinki.

P/E (adj.) (24e)

21.22

EV/EBIT (adj.) (24e)

18.37

P/B (24e)

0.66

Dividend yield-% (24e)

1.08 %

Target price

11.50 EUR

Recommendation

Accumulate

Updated

24.10.2024

NASDAQ Helsinki

STERV

Daily low / high price

9.21 / 9.4 EUR

Market cap

7.33B EUR

Turnover

27.33M EUR

Volume

2.9M

Business risk

Valuation risk

Current

Latest research

Stora Enso Q2'24: Balanced level of earnings growth expectations priced in

2024-07-25

Troubled waters left behind; the horizon is a little brighter

2024-04-26

Stora Enso: Not out of the woods yet

2024-02-02

Analyst

Antti Viljakainen

Head of Research

Latest videos

Stora Enso, Audiocast with teleconference, Q4'22

2023-01-31

Stora Enso, Audiocast with teleconference, Q4, 2022

2023-01-31

Stora Enso, Audiocast with teleconference, Q3'22

2022-10-21

Financial calendar

Annual report

2025-02-11

General meeting

2025-03-20

Interim report

2025-04-25

Interim report

2025-07-23

Interim report

2025-10-23

Major Owners
Source: Millistream Market Data AB

Owner	Capital	Votes
Solidium Oy	10.7 %	27.3 %
FAM AB*	10.2 %	27.3 %
Social Insurance Institution of Finland	3.0 %	10.0 %
Ilmarinen Mutual Pension Insurance Company	2.8 %	2.5 %
Elo Mutual Pension Insurance Company	1.5 %	1.3 %
Varma Mutual Pension Insurance Company	0.8 %	2.2 %
The State Pension Fund	0.7 %	0.2 %
MP-Bolagen i Vetlanda AB	0.7 %	2.1 %
Lannebo Fonder	0.6 %	0.2 %
Bergslaget's Healthcare Foundation	0.3 %	0.3 %

Insider Transactions

Insider	Date	Total value
Hans Sohlström	2023-09-20	1,000,349EUR

Forum updates

Stay up-to-date with the latest talk about Stora Enso

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Stora Ensos aktie har sjunkit mycket. Framtiden för förpackningsverksamheten ser bra ut, och dessutom har Stora Enso en stark position inom detta område. Det finns ännu fler nya produkter på kommande och lönsamheten har förbättrats och verkar bli ännu bättre. Allt möjligt har redan beaktats i det sjunkande aktiepriset. Är priset enligt analytikerna nu relativt rimligt…? Eller har utsikterna försämrats under de senaste månaderna? Tack på förhand för svaren!

börsen84

6/26/2023, 10:39 AM💙 4

Stora Enso has received regulatory approval to proceed with the acquisition of De Jong Packaging Group. Closure of the transaction is expected to be finalised at the beginning of 2023. Inderes - Award Winning Research Stora Enso Oyj: Stora Enso received approval for the acquisition of De Jong... Stora Enso has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group, announced in September 2022. Closure of the transaction is still...

Antti Järvenpää

12/1/2022, 8:51 AM💙 2

Stora Ensos aktie rekommenderas att minska med ett riktpris på 11,50 euro. Q2-rapporten motsvarade förväntningarna, men kortsiktiga prognoser har justerats något nedåt. Aktiekursen inkluderar redan tillräckligt med förväntningar på vinsttillväxt, men trots risker är nedsidan begränsad eftersom bolagets balansräkning är stark och vinsttrenden är uppåtgående. Det finns också kvalitativ analys om företaget nedan. Inderes Stora Enso Q2'24: Balanced level of earnings growth expectations priced in -... Overall, the company's Q2 report was fairly neutral compared to our expectations, although we have made moderate negative changes to our near-term forecasts.

börsen84

7/25/2024, 9:34 AM💙 1

Här är en färsk aktieanalys av det stora företaget Stora Enso Inderes — Connecting Investors and Companies Stora Enso: Not yet convinced of the rationale for optimism Following the company's weak Q3 report, our near-term estimate revisions for Stora Enso were small but negative.

börsen84

10/27/2023, 8:33 PM💙 1

Here would be a new analysis of Stora Enso. Inderes — Connecting Investors and Companies Stora Enso: Return to the mood of the financial crisis We reiterate our Reduce recommendation and target price of EUR 11.50 for Stora Enso. The company reports its Q2 results on Friday. We have significantly cut our estimates for Stora Enso, especially for the current year, due to the gloomy market...

börsen84

7/19/2023, 3:12 PM💙 1

Vad tänker du @sten angående frågan? Vore intressant att höra dina tankar :)!

Isa Hudd

5/11/2023, 2:07 PM💙 1

The valuation of Stora Enso is apparently high now, because for example, the earnings were not very flattering, the volumes have decreased, and the economic outlook is also uncertain. Why does Inderes believe that the demand will improve and inflation will calm down in the near future? I have to say that I also believe that inflation will generally calm down, but I wanted to hear your thoughts. I don’t doubt your forecasts, but I want to understand better. Thank you in advance for your answers!

börsen84

5/6/2023, 8:19 AM💙 1

Income statement

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Revenue	8,553.0	10,163.7	11,679.8	9,396.0	8,920.1	9,835.7	10,839.1	11,374.4
growth-%	-14.9 %	18.8 %	14.9 %	-19.6 %	-5.1 %	10.3 %	10.2 %	4.9 %
EBITDA	1,531.0	2,225.0	2,644.2	981.0	1,010.5	1,439.0	1,717.8	1,887.4
EBIT (adj.)	651.0	1,488.0	1,890.2	342.0	596.5	786.0	1,046.9	1,224.6
EBIT	922.0	1,528.0	2,009.2	-322.0	490.5	786.0	1,046.9	1,224.6
Profit before taxes	773.0	1,379.0	1,858.2	-495.0	305.5	603.6	877.5	1,073.2
Net income	626.0	1,226.0	1,549.2	-357.0	260.8	489.9	707.0	861.6
EPS (adj.)	0.48	1.51	1.84	0.22	0.44	0.62	0.90	1.09
growth-%	-36.5 %	214.2 %	21.8 %	-88.0 %	98.4 %	41.7 %	44.3 %	21.9 %
Dividend	0.30	0.55	0.60	0.10	0.10	0.25	0.40	0.45
Dividend ratio	37.8 %	35.4 %	30.5 %	-22.1 %	30.2 %	40.2 %	44.6 %	41.2 %

Profitability and return on capital

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
EBITDA-%	17.9 %	21.9 %	22.6 %	10.4 %	11.3 %	14.6 %	15.8 %	16.6 %
EBIT-% (adj.)	7.6 %	14.6 %	16.2 %	3.6 %	6.7 %	8.0 %	9.7 %	10.8 %
EBIT-%	10.8 %	15.0 %	17.2 %	-3.4 %	5.5 %	8.0 %	9.7 %	10.8 %
ROE	7.7 %	12.6 %	13.3 %	-3.0 %	2.4 %	4.3 %	6.0 %	7.0 %
ROI	7.4 %	10.9 %	12.9 %	-1.9 %	3.2 %	5.0 %	6.5 %	7.7 %

Valuation

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Share price (EUR)	15.65	16.14	13.15	12.53	9.30	9.30	9.30	9.30
Shares	788.6	788.6	788.6	788.6	788.6	788.6	788.6	788.6
Market cap	12,342.1	12,728.5	10,370.5	9,877.6	7,334.3	7,334.3	7,334.3	7,334.3
Enterprise value	15,431.1	15,184.5	12,425.5	13,192.6	10,958.0	10,844.6	10,435.4	9,916.0
EV/S	1.8	1.5	1.1	1.4	1.2	1.1	1.0	0.9
EV/EBITDA	10.1	6.8	4.7	13.4	10.8	7.5	6.1	5.3
EV/EBIT (adj.)	23.7	10.2	6.6	38.6	18.4	13.8	10.0	8.1
EV/EBIT	16.7	9.9	6.2	-	22.3	13.8	10.0	8.1
P/E (adj.)	32.5	10.7	7.1	56.7	21.2	15.0	10.4	8.5
P/E	19.7	10.4	6.7	-	28.1	15.0	10.4	8.5
P/B	1.4	1.2	0.8	0.9	0.7	0.6	0.6	0.6
P/S	1.4	1.3	0.9	1.1	0.8	0.7	0.7	0.6
Dividend yield	1.9 %	3.4 %	4.6 %	0.8 %	1.1 %	2.7 %	4.3 %	4.8 %
Equity ratio	50.5 %	56.1 %	59.8 %	52.5 %	55.6 %	56.6 %	58.6 %	61.4 %
Gearing ratio	35.1 %	23.0 %	16.4 %	30.4 %	32.7 %	30.6 %	25.9 %	20.6 %

Quarter data

	Q4/23	2023	Q1/24	Q2/24	Q3/24	Q4/24e	2024e
Revenue	2,174.0	9,396.0	2,164.0	2,301.0	2,261.0	2,194.1	8,920.1
EBITDA	407.1	981.0	259.0	217.9	280.1	253.5	1,010.5
EBIT	-325.9	-322.0	141.0	91.9	139.1	118.5	490.5
Profit before taxes	-377.9	-495.0	94.0	42.9	98.1	70.5	305.5
Net income	-286.9	-357.0	79.0	37.9	87.5	56.4	260.8