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Finnish (OMX) Materials Sector Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.9%
  • 3M3.7%
  • 1Y-9.4%
  • YTD-4.8%

Over the last 7 days, the Materials industry has dropped 3.9%, driven by Stora Enso Oyj declining 5.6%. The industry has fallen 9.9% in the last year. Looking forward, earnings are forecast to grow by 38% annually.

Sector Valuation and Performance

Has the Finnish Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026€30.5b€34.3b€350.1m24x87.2x0.9x
Fri, 02 Jan 2026€31.6b€34.3b€350.1m24x90.2x0.9x
Sun, 30 Nov 2025€30.2b€34.3b€350.1m22.1x86.1x0.9x
Tue, 28 Oct 2025€29.9b€34.7b€627.3m20.5x47.7x0.9x
Thu, 25 Sep 2025€29.4b€34.8b€589.3m20.8x49.8x0.8x
Sat, 23 Aug 2025€31.7b€34.8b€589.3m21.6x53.9x0.9x
Mon, 21 Jul 2025€29.0b€35.0b€624.1m30.4x46.4x0.8x
Wed, 18 Jun 2025€28.4b€35.0b€630.3m30.3x45.1x0.8x
Fri, 16 May 2025€30.5b€35.0b€630.3m31.3x48.4x0.9x
Sun, 13 Apr 2025€27.2b€34.8b€741.1m23.2x36.8x0.8x
Tue, 11 Mar 2025€33.7b€34.8b€741.1m27x45.5x1x
Thu, 06 Feb 2025€33.7b€34.7b€809.4m19x41.6x1x
Sat, 04 Jan 2025€32.0b€34.7b€809.4m18x39.5x0.9x
Mon, 02 Dec 2024€30.3b€34.7b€809.4m17.2x37.5x0.9x
Wed, 30 Oct 2024€34.2b€34.8b€733.9m19.8x46.6x1x
Fri, 27 Sep 2024€36.6b€34.7b€332.2m18.9x110.1x1.1x
Sun, 25 Aug 2024€36.7b€34.7b€329.7m18.7x111.2x1.1x
Tue, 23 Jul 2024€38.7b€35.2b€209.1m19.8x185.2x1.1x
Thu, 20 Jun 2024€39.4b€35.3b€211.8m19.6x185.8x1.1x
Sat, 18 May 2024€41.6b€35.3b€218.3m19.6x190.4x1.2x
Mon, 15 Apr 2024€37.9b€36.8b€431.4m16x87.7x1x
Wed, 13 Mar 2024€37.1b€36.8b€431.4m16.3x85.9x1x
Fri, 09 Feb 2024€35.6b€37.0b€547.2m15.8x65.1x1x
Sun, 07 Jan 2024€39.7b€39.0b€2.4b11.8x16.7x1x
Tue, 05 Dec 2023€37.1b€39.0b€2.4b11.1x15.6x1x
Thu, 02 Nov 2023€36.2b€39.8b€2.6b11.2x13.7x0.9x
Sat, 30 Sep 2023€37.1b€41.9b€3.8b8.5x9.7x0.9x
Mon, 28 Aug 2023€34.9b€42.0b€3.8b8.2x9.1x0.8x
Wed, 26 Jul 2023€35.4b€42.7b€4.4b7.2x8.1x0.8x
Fri, 23 Jun 2023€33.5b€43.5b€4.9b6.1x6.8x0.8x
Sun, 21 May 2023€36.3b€43.5b€4.9b6.6x7.4x0.8x
Tue, 18 Apr 2023€36.5b€44.0b€5.1b5.8x7.1x0.8x
Thu, 16 Mar 2023€38.8b€44.0b€5.1b6.7x7.6x0.9x
Sat, 11 Feb 2023€40.9b€43.3b€5.1b6.9x8.1x0.9x
Price to Earnings Ratio

8.1x


Total Market Cap: €40.9bTotal Earnings: €5.1bTotal Revenue: €43.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Materials Sector Price to Earnings3Y Average 56.1x202420252026
Current Industry PE
  • Investors are optimistic on the Finnish Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 86.7x which is higher than its 3-year average PE of 56.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.93x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 59% per year over the last three years,
  • Revenues have also declined 8.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Finnish Materials sector?

FI Market-0.61%
Materials-2.86%
Basic Materials5.19%
Chemicals0.086%
Metals and Mining-2.41%
Packaging-2.74%
Paper and Forestry Products-3.39%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 144x.
    • Analysts are expecting annual earnings growth of 38.3%, which is higher than its past year's earnings decline of 42.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 66% over the next 5 years.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 9.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KEMIRA Kemira Oyj€20.120.4%
+€12.0m		-5.0%PE13.7x
BETOLAR Betolar Oyj€1.225.2%
+€1.3m		35.0%PS29x

Latest News

BETOLAR
€1.22
Betolar Oyj
7D
5.2%
1Y
35.0%
STERV
€9.84
Stora Enso Oyj
7D
-5.6%
1Y
-6.8%
KEMIRA
€20.12
Kemira Oyj
7D
0.4%
1Y
-5.0%

KEMIRA: Higher Margin Outlook Will Support More Optimistic Long Term Share Pricing

Analysts have nudged their fair value estimate for Kemira Oyj from €22.60 to about €22.77, citing updated views on discount rates, modest revenue growth assumptions, higher projected profit margins and a lower future P/E multiple. Valuation Changes Fair Value: Adjusted slightly from €22.60 to about €22.77 per share.
HUH1V
€29.92
Huhtamäki Oyj
7D
-0.7%
1Y
-14.9%
SFOODS
€4.62
Solar Foods Oyj
7D
-6.3%
1Y
9.7%
PAMPALO
€31.55
Endomines Finland Oyj
7D
-5.7%
1Y
271.2%

Endomines Finland Oyj's (HEL:PAMPALO) P/S Is Still On The Mark Following 26% Share Price Bounce

Jan 27
Endomines Finland Oyj's (HEL:PAMPALO) P/S Is Still On The Mark Following 26% Share Price Bounce
METSB
€2.57
Metsä Board Oyj
7D
-8.8%
1Y
-44.5%

METSB: Cost Savings Programme And Efficiency Steps Will Support Fairly Balanced Prospects

Analysts have trimmed their price target on Metsä Board Oyj from €3.00 to €2.83, reflecting updated assumptions around slightly softer revenue, profit margins and a modestly higher discount rate, while keeping future P/E expectations broadly in line with prior views. What's in the News Metsä Board is supplying its MetsaBoard Pro FBB Bright paperboard to a packaging project where agency COUSIN and design firm Burgopak are aiming to balance visual impact, practicality and shipping efficiency for a 15 stick supplement pack (Key Developments).
UPM
€23.74
UPM-Kymmene Oyj
7D
-1.9%
1Y
-15.0%

UPM: Future Returns Will Reflect Pulp Prices And Paper Mill Actions

Analysts have inched their fair value estimate for UPM-Kymmene up to €26.07 from €25.81, as recent price target cuts from €28.50 to €27.50 and from €26.70 to €26.20 and a downgrade to Equal Weight are paired with slightly updated assumptions on discount rate, revenue growth, profit margins and future P/E. Analyst Commentary Recent research on UPM-Kymmene shows a mix of optimism on execution and value, alongside caution around catalysts and near term momentum.
OUT1V
€4.77
Outokumpu Oyj
7D
-1.9%
1Y
54.5%

OUT1V: Future Returns Will Balance Restructuring Progress With Low Carbon Metal Expansion

Analysts have nudged their price expectations for Outokumpu Oyj higher, with our fair value estimate moving from €4.30 to €4.55 as they weigh mixed recent calls, including a higher €4.20 target from JPMorgan alongside more cautious revisions from Deutsche Bank and Morgan Stanley, and factor these into slightly adjusted assumptions on discount rate, revenue growth, profit margins and future P/E. Analyst Commentary Recent Street research on Outokumpu highlights a split view, with some seeing room for upside as estimates and targets are recalibrated, while others focus on execution risk after the latest quarterly report.
KOSKI
€9.12
Koskisen Oyj
7D
-3.8%
1Y
24.9%