Financials Metsä Board Oyj

Equities

METSB

FI0009000665

Paper Packaging

Market Closed - Nasdaq Helsinki 11:29:30 2024-04-26 am EDT 5-day change 1st Jan Change
6.95 EUR -1.56% Intraday chart for Metsä Board Oyj -3.34% -3.34%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,136 3,065 3,086 3,153 2,571 2,502 - -
Enterprise Value (EV) 1 2,447 3,304 3,009 3,250 2,718 2,745 2,684 2,620
P/E ratio 14.6 x 18 x 10.5 x 7.62 x 26.6 x 19.1 x 11.5 x 9.83 x
Yield 4% 3.02% 4.76% 6.62% 3.48% 3.56% 4.8% 5.65%
Capitalization / Revenue 1.11 x 1.62 x 1.48 x 1.27 x 1.32 x 1.19 x 1.08 x 1.03 x
EV / Revenue 1.27 x 1.75 x 1.44 x 1.31 x 1.4 x 1.3 x 1.16 x 1.07 x
EV / EBITDA 8.77 x 10.5 x 6.37 x 5.39 x 12.6 x 9.7 x 6.53 x 5.8 x
EV / FCF 18.2 x 19.9 x 20.5 x 122 x 21.8 x 410 x 13.6 x 9.49 x
FCF Yield 5.48% 5.02% 4.87% 0.82% 4.58% 0.24% 7.34% 10.5%
Price to Book 1.59 x 2.22 x 1.8 x 1.5 x 1.34 x 1.25 x 1.15 x 1.06 x
Nbr of stocks (in thousands) 355,513 355,513 355,513 354,513 354,812 355,035 - -
Reference price 2 5.995 8.620 8.610 8.765 7.190 6.950 6.950 6.950
Announcement Date 2/12/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
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 2,109 2,318 2,438
EBITDA 1 279 316 472.2 602.8 216 283 411.2 451.6
EBIT 1 184.4 221 386.6 520.7 122.2 168.4 296.9 302.3
Operating Margin 9.55% 11.7% 18.55% 21% 6.29% 7.98% 12.8% 12.4%
Earnings before Tax (EBT) 1 165.6 212.3 365.8 524.9 120.9 167.2 282.9 286.4
Net income 1 144.6 170.1 314 461.3 101.6 121.7 198.8 224.2
Net margin 7.49% 9% 15.07% 18.6% 5.23% 5.77% 8.57% 9.19%
EPS 2 0.4100 0.4800 0.8200 1.150 0.2700 0.3637 0.6061 0.7072
Free Cash Flow 1 134.2 165.7 146.6 26.7 124.4 6.7 197 276
FCF margin 6.95% 8.77% 7.03% 1.08% 6.41% 0.32% 8.5% 11.32%
FCF Conversion (EBITDA) 48.1% 52.44% 31.05% 4.43% 57.59% 2.37% 47.91% 61.11%
FCF Conversion (Net income) 92.81% 97.41% 46.69% 5.79% 122.44% 5.51% 99.09% 123.11%
Dividend per Share 2 0.2400 0.2600 0.4100 0.5800 0.2500 0.2472 0.3335 0.3929
Announcement Date 2/12/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 516.1 518.5 582 650.5 647.3 599.8 542.1 498.2 479 422.6 483.7 480 567.5 578 572
EBITDA 1 125.4 109.1 142.7 167.2 176.1 116.8 113.7 52.7 23.5 26 57.8 48 88 98 100
EBIT 1 104 91.3 121.5 145.9 152.5 100.8 88.7 27.3 5.5 0.7 31.5 16 85 63 -
Operating Margin 20.15% 17.61% 20.88% 22.43% 23.56% 16.81% 16.36% 5.48% 1.15% 0.17% 6.51% 3.33% 14.98% 10.9% -
Earnings before Tax (EBT) 1 96.4 90.7 139.1 140 152.4 93.4 87.7 27.5 4.3 1.4 20.1 18 58 68 70
Net income 1 85.4 78.5 110.7 106.4 132.9 89.6 75.9 19.8 2.8 0.9 14.8 -8.41 53.95 54.55 -
Net margin 16.55% 15.14% 19.02% 16.36% 20.53% 14.94% 14% 3.97% 0.58% 0.21% 3.06% -1.75% 9.51% 9.44% -
EPS 2 0.2200 0.1900 0.3100 0.3000 0.3300 0.2100 0.1900 0.0600 0.0100 0.0100 0.0400 -0.0263 0.1503 0.1509 -
Dividend per Share 2 - 0.4100 - - - - - - - - - 0.1230 - - -
Announcement Date 10/27/21 2/10/22 4/28/22 7/28/22 10/27/22 2/9/23 4/27/23 7/27/23 10/26/23 2/8/24 4/25/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 311 238 - 96.8 147 243 182 118
Net Cash position 1 - - 77.2 - - - - -
Leverage (Debt/EBITDA) 1.114 x 0.7544 x - 0.1606 x 0.6782 x 0.8586 x 0.4434 x 0.2616 x
Free Cash Flow 1 134 166 147 26.7 124 6.7 197 276
ROE (net income / shareholders' equity) 10.9% 12.5% 19.4% 22.5% 4.7% 6.04% 9.61% 11.3%
ROA (Net income/ Total Assets) 6.35% 7.44% 12% 14.3% 3.21% - 5.46% -
Assets 1 2,277 2,287 2,612 3,232 3,161 - 3,644 -
Book Value Per Share 2 3.760 3.890 4.780 5.860 5.350 5.560 6.040 6.550
Cash Flow per Share 2 0.5700 0.8700 0.8600 0.6500 0.9100 0.6000 0.9400 1.200
Capex 1 94.3 154 214 274 218 200 130 114
Capex / Sales 4.88% 8.16% 10.25% 11.06% 11.25% 9.48% 5.61% 4.68%
Announcement Date 2/12/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
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
6.95 EUR
Average target price
7.66 EUR
Spread / Average Target
+10.22%
Consensus
  1. Stock Market
  2. Equities
  3. METSB Stock
  4. Financials Metsä Board Oyj