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Billerud AB (publ)OM:BILL Stock Report

Market Cap SEK 21.9b
Share Price
SEK 88.20
My Fair Value
SEK 107
17.7% undervalued intrinsic discount
1Y-16.7%
7D6.7%
Portfolio Value
​
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Billerud AB (publ)

OM:BILL Stock Report

Market Cap: SEK 21.9b

Billerud (BILL) Stock Overview

Provides paper and packaging materials worldwide. More details

BILL fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 79.3% below our estimate of its fair value

Earnings are forecast to grow 6.48% per year

Earnings grew by 162.3% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 21.5%

Risk Analysis

Unstable dividend track record

Large one-off items impacting financial results


BILL Community Fair Values

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See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Billerud

Accelerating Sustainable Packaging Demand Will Unlock North American Markets

Key Takeaways Expanding high-quality, sustainable paperboard and innovative packaging solutions positions Billerud to capture premium markets and strengthen long-term customer relationships. Structural cost reductions and operational efficiencies are set to improve margins and earnings stability amid growing global demand for fiber-based packaging.
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SEK 107.17
FV
17.7% undervalued intrinsic discount
0.84%
Revenue growth p.a.
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9users have followed this narrative
3 days ago author updated this narrative
BILL logo
Billerud

Global And North American Sustainability Will Boost Fiber Packaging

Key Takeaways Rapid adoption of high-value, eco-friendly packaging and disciplined cost management position Billerud for substantial growth, margin expansion, and outsized shareholder returns. Unique advantages in innovation, U.S. market presence, and strategic pulp capacity enable Billerud to capitalize on industry shifts toward fiber-based solutions and trade policy changes.
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SEK 128.00
FV
31.1% undervalued intrinsic discount
1.85%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
3 days ago author updated this narrative
BILL logo
Billerud

Price Erosion And Overcapacity Will Plague European Markets

Key Takeaways Declining demand for paper products and rising competition are eroding Billerud's market share, compressing margins, and threatening long-term revenue growth. Higher input costs, supply chain disruptions, and diminishing environmental advantages will depress profitability and limit the company's pricing power.
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SEK 84.00
FV
5.0% overvalued intrinsic discount
0.44%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
1 day ago author updated this narrative
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Billerud AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Billerud
Historical stock prices
Current Share PriceSEK 88.20
52 Week HighSEK 122.20
52 Week LowSEK 82.00
Beta0.44
1 Month Change-8.55%
3 Month Change-19.01%
1 Year Change-16.71%
3 Year Change-33.98%
5 Year Change-40.04%
Change since IPO52.07%

Recent News & Updates

Billerud AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Jul 22
Billerud AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Recent updates

Billerud AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Jul 22
Billerud AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Billerud (STO:BILL) Is Increasing Its Dividend To SEK3.50

May 20
Billerud (STO:BILL) Is Increasing Its Dividend To SEK3.50

Billerud (STO:BILL) Might Have The Makings Of A Multi-Bagger

Apr 30
Billerud (STO:BILL) Might Have The Makings Of A Multi-Bagger

Billerud's (STO:BILL) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 15
Billerud's (STO:BILL) Shareholders Will Receive A Bigger Dividend Than Last Year

Impressive Earnings May Not Tell The Whole Story For Billerud (STO:BILL)

Apr 03
Impressive Earnings May Not Tell The Whole Story For Billerud (STO:BILL)

Does Billerud (STO:BILL) Have A Healthy Balance Sheet?

Mar 10
Does Billerud (STO:BILL) Have A Healthy Balance Sheet?

Billerud AB (publ)'s (STO:BILL) Business And Shares Still Trailing The Market

Feb 23
Billerud AB (publ)'s (STO:BILL) Business And Shares Still Trailing The Market
author-image

Price Adjustments And Efficiency Measures Expected To Improve 2025 Outlook

Strategic pricing increases and product shifts are poised to boost Billerud's revenue growth and expand margins, despite challenges in certain segments.

Results: Billerud AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 07
Results: Billerud AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Here's What To Make Of Billerud's (STO:BILL) Decelerating Rates Of Return

Dec 17
Here's What To Make Of Billerud's (STO:BILL) Decelerating Rates Of Return

Is There An Opportunity With Billerud AB (publ)'s (STO:BILL) 23% Undervaluation?

Nov 28
Is There An Opportunity With Billerud AB (publ)'s (STO:BILL) 23% Undervaluation?

Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt

Aug 31
Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt

Returns On Capital At Billerud (STO:BILL) Paint A Concerning Picture

May 21
Returns On Capital At Billerud (STO:BILL) Paint A Concerning Picture

Analysts Have Made A Financial Statement On Billerud AB (publ)'s (STO:BILL) First-Quarter Report

Apr 27
Analysts Have Made A Financial Statement On Billerud AB (publ)'s (STO:BILL) First-Quarter Report

Billerud (STO:BILL) Is Paying Out Less In Dividends Than Last Year

Apr 26
Billerud (STO:BILL) Is Paying Out Less In Dividends Than Last Year

Billerud (STO:BILL) Is Paying Out Less In Dividends Than Last Year

Apr 11
Billerud (STO:BILL) Is Paying Out Less In Dividends Than Last Year

Is Billerud (STO:BILL) Using Too Much Debt?

Apr 07
Is Billerud (STO:BILL) Using Too Much Debt?

Investors Still Waiting For A Pull Back In Billerud AB (publ) (STO:BILL)

Feb 27
Investors Still Waiting For A Pull Back In Billerud AB (publ) (STO:BILL)

Billerud's (STO:BILL) Shareholders Have More To Worry About Than Only Soft Earnings

Feb 02
Billerud's (STO:BILL) Shareholders Have More To Worry About Than Only Soft Earnings

Earnings Miss: Billerud AB (publ) Missed EPS By 48% And Analysts Are Revising Their Forecasts

Jan 28
Earnings Miss: Billerud AB (publ) Missed EPS By 48% And Analysts Are Revising Their Forecasts

Billerud (STO:BILL) Has Some Way To Go To Become A Multi-Bagger

Jan 23
Billerud (STO:BILL) Has Some Way To Go To Become A Multi-Bagger

Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt

Dec 11
Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt

Is Billerud AB (publ) (STO:BILL) Worth kr98.2 Based On Its Intrinsic Value?

Nov 22
Is Billerud AB (publ) (STO:BILL) Worth kr98.2 Based On Its Intrinsic Value?

Returns On Capital At Billerud (STO:BILL) Have Hit The Brakes

Sep 10
Returns On Capital At Billerud (STO:BILL) Have Hit The Brakes

We Think Billerud (STO:BILL) Is Taking Some Risk With Its Debt

Aug 14
We Think Billerud (STO:BILL) Is Taking Some Risk With Its Debt

Billerud AB (publ) (STO:BILL) Shares Could Be 20% Below Their Intrinsic Value Estimate

Jul 23
Billerud AB (publ) (STO:BILL) Shares Could Be 20% Below Their Intrinsic Value Estimate

We Like These Underlying Return On Capital Trends At Billerud (STO:BILL)

Jun 07
We Like These Underlying Return On Capital Trends At Billerud (STO:BILL)

Shareholder Returns

BILLSE PackagingSE Market
7D6.7%2.6%2.4%
1Y-16.7%-14.7%2.0%

Return vs Industry: BILL underperformed the Swedish Packaging industry which returned -14.7% over the past year.

Return vs Market: BILL underperformed the Swedish Market which returned 2% over the past year.

Price Volatility

Is BILL's price volatile compared to industry and market?
BILL volatility
BILL Average Weekly Movement5.6%
Packaging Industry Average Movement3.9%
Market Average Movement5.9%
10% most volatile stocks in SE Market13.4%
10% least volatile stocks in SE Market3.2%

Stable Share Price: BILL has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: BILL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18835,938Ivar Vatnewww.billerud.com

Billerud AB (publ) provides paper and packaging materials worldwide. It operates through Region Europe, Region North America, and Other segments. The company offers liquid packaging board, containerboard, cartonboard, and sack paper; kraft paper bags; specialty and formable paper; graphic and label papers comprising coated sheets, web papers, WC Caliper web, coated digital, and inkjet papers; and hardwood and softwood pulp, which are used to produce packaging for food and beverages, industrial, medical and hygiene, and consumer and luxury goods.

Billerud AB (publ) Fundamentals Summary

How do Billerud's earnings and revenue compare to its market cap?
BILL fundamental statistics
Market capSEK 21.94b
Earnings (TTM)SEK 1.84b
Revenue (TTM)SEK 43.73b
11.9x
P/E Ratio
0.5x
P/S Ratio

Is BILL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BILL income statement (TTM)
RevenueSEK 43.73b
Cost of RevenueSEK 22.71b
Gross ProfitSEK 21.02b
Other ExpensesSEK 19.18b
EarningsSEK 1.84b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Oct 23, 2025

Earnings per share (EPS)7.40
Gross Margin48.07%
Net Profit Margin4.21%
Debt/Equity Ratio25.1%

How did BILL perform over the long term?

See historical performance and comparison

Dividends

4.0%
Current Dividend Yield
47%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/11 12:24
End of Day Share Price 2025/08/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Billerud AB (publ) is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Patrick LangstromABG Sundal Collier Sponsored
Justin JordanBNP Paribas Exane