Financials Metsä Board Oyj

Equities

METSB

FI0009000665

Paper Packaging

Market Closed - Nasdaq Helsinki 09:30:00 20/06/2024 pm IST 5-day change 1st Jan Change
7.38 EUR +1.17% Intraday chart for Metsä Board Oyj +3.29% +2.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,136 3,065 3,086 3,153 2,571 2,657 - -
Enterprise Value (EV) 1 2,447 3,304 3,009 3,250 2,718 2,930 2,842 2,793
P/E ratio 14.6 x 18 x 10.5 x 7.62 x 26.6 x 18.4 x 12.4 x 9.3 x
Yield 4% 3.02% 4.76% 6.62% 3.48% 3.33% 4.88% 5.59%
Capitalization / Revenue 1.11 x 1.62 x 1.48 x 1.27 x 1.32 x 1.25 x 1.13 x 1.06 x
EV / Revenue 1.27 x 1.75 x 1.44 x 1.31 x 1.4 x 1.38 x 1.21 x 1.12 x
EV / EBITDA 8.77 x 10.5 x 6.37 x 5.39 x 12.6 x 9.16 x 5.92 x 5.65 x
EV / FCF 18.2 x 19.9 x 20.5 x 122 x 21.8 x 407 x 14.2 x 10.1 x
FCF Yield 5.48% 5.02% 4.87% 0.82% 4.58% 0.25% 7.05% 9.88%
Price to Book 1.59 x 2.22 x 1.8 x 1.5 x 1.34 x 1.3 x 1.21 x 1.12 x
Nbr of stocks (in thousands) 3,55,513 3,55,513 3,55,513 3,54,513 3,54,812 3,55,035 - -
Reference price 2 5.995 8.620 8.610 8.765 7.190 7.380 7.380 7.380
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 2,128 2,354 2,497
EBITDA 1 279 316 472.2 602.8 216 319.8 479.9 494.7
EBIT 1 184.4 221 386.6 520.7 122.2 204 360.6 370.1
Operating Margin 9.55% 11.7% 18.55% 21% 6.29% 9.59% 15.32% 14.83%
Earnings before Tax (EBT) 1 165.6 212.3 365.8 524.9 120.9 181.2 311.9 364.4
Net income 1 144.6 170.1 314 461.3 101.6 142 210.7 281.5
Net margin 7.49% 9% 15.07% 18.6% 5.23% 6.67% 8.95% 11.27%
EPS 2 0.4100 0.4800 0.8200 1.150 0.2700 0.4007 0.5932 0.7932
Free Cash Flow 1 134.2 165.7 146.6 26.7 124.4 7.2 200.5 276
FCF margin 6.95% 8.77% 7.03% 1.08% 6.41% 0.34% 8.52% 11.05%
FCF Conversion (EBITDA) 48.1% 52.44% 31.05% 4.43% 57.59% 2.25% 41.78% 55.79%
FCF Conversion (Net income) 92.81% 97.41% 46.69% 5.79% 122.44% 5.07% 95.15% 98.05%
Dividend per Share 2 0.2400 0.2600 0.4100 0.5800 0.2500 0.2459 0.3604 0.4125
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 1 518.5 582 650.5 647.3 599.8 542.1 498.2 479 422.6 483.7 500.6 596.2 603.7 608 608
EBITDA 1 109.1 142.7 167.2 176.1 116.8 113.7 52.7 23.5 26 57.8 41.79 115 113.1 159 159
EBIT 1 91.3 121.5 145.9 152.5 100.8 88.7 27.3 5.5 0.7 31.5 11.45 85.02 83.12 125 125
Operating Margin 17.61% 20.88% 22.43% 23.56% 16.81% 16.36% 5.48% 1.15% 0.17% 6.51% 2.29% 14.26% 13.77% 20.56% 20.56%
Earnings before Tax (EBT) 1 90.7 139.1 140 152.4 93.4 87.7 27.5 4.3 1.4 20.1 8.952 82.52 80.62 123 123
Net income 1 78.5 110.7 106.4 132.9 89.6 75.9 19.8 2.8 0.9 14.8 6.111 63.71 70.65 102 102
Net margin 15.14% 19.02% 16.36% 20.53% 14.94% 14% 3.97% 0.58% 0.21% 3.06% 1.22% 10.69% 11.7% 16.78% 16.78%
EPS 2 0.1900 0.3100 0.3000 0.3300 0.2100 0.1900 0.0600 0.0100 0.0100 0.0400 0.005400 0.1641 0.1572 - -
Dividend per Share 2 0.4100 - - - - - - - - - 0.1851 - - - 0.2863
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 - 96.8 147 273 185 136
Net Cash position 1 - - 77.2 - - - - -
Leverage (Debt/EBITDA) 1.114 x 0.7544 x - 0.1606 x 0.6782 x 0.8541 x 0.3856 x 0.275 x
Free Cash Flow 1 134 166 147 26.7 124 7.2 201 276
ROE (net income / shareholders' equity) 10.9% 12.5% 19.4% 22.5% 4.7% 7.08% 11.3% 12.8%
ROA (Net income/ Total Assets) 6.35% 7.44% 12% 14.3% 3.21% 6.5% 8.88% 12.1%
Assets 1 2,277 2,287 2,612 3,232 3,161 2,184 2,374 2,326
Book Value Per Share 2 3.760 3.890 4.780 5.860 5.350 5.660 6.090 6.600
Cash Flow per Share 2 0.5700 0.8700 0.8600 0.6500 0.9100 0.5700 1.020 1.200
Capex 1 94.3 154 214 274 218 203 151 140
Capex / Sales 4.88% 8.16% 10.25% 11.06% 11.25% 9.53% 6.41% 5.62%
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
7.38 EUR
Average target price
8.36 EUR
Spread / Average Target
+13.28%
Consensus
  1. Stock Market
  2. Equities
  3. METSB Stock
  4. Financials Metsä Board Oyj