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Finnish (OMX) Materials Sector Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.3%
  • 3M3.7%
  • 1Y-8.9%
  • YTD-3.4%

Over the last 7 days, the Materials industry has dropped 2.3%, driven by pullbacks in UPM-Kymmene Oyj and Stora Enso Oyj of 2.1% and 2.8%, respectively. On the other hand Endomines Finland Oyj is actually up 8.9%. Overall the industry is down 8.9% in 12 months. As for the next few years, earnings are expected to grow by 38% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026€31.0b€34.3b€350.1m24x88.4x0.9x
Sun, 28 Dec 2025€30.6b€34.3b€350.1m23.3x87.4x0.9x
Tue, 25 Nov 2025€29.5b€34.3b€350.1m22.7x84.3x0.9x
Thu, 23 Oct 2025€28.6b€34.8b€589.3m19.9x48.5x0.8x
Sat, 20 Sep 2025€29.2b€34.8b€589.3m20.7x49.5x0.8x
Mon, 18 Aug 2025€30.3b€34.8b€589.2m21x51.4x0.9x
Wed, 16 Jul 2025€30.0b€35.0b€630.3m31.3x47.6x0.9x
Fri, 13 Jun 2025€28.9b€35.0b€630.3m30.5x45.9x0.8x
Sun, 11 May 2025€29.0b€35.0b€628.4m31.4x46.1x0.8x
Tue, 08 Apr 2025€27.1b€34.8b€741.1m23.2x36.6x0.8x
Thu, 06 Mar 2025€33.7b€34.9b€741.1m26.9x45.4x1x
Sat, 01 Feb 2025€34.1b€34.7b€809.4m19.2x42.1x1x
Mon, 30 Dec 2024€31.6b€34.7b€809.4m17.7x39.1x0.9x
Wed, 27 Nov 2024€30.5b€34.7b€809.4m16.8x37.7x0.9x
Fri, 25 Oct 2024€34.1b€35.1b€479.1m19.8x71.2x1x
Sun, 22 Sep 2024€35.2b€34.7b€332.2m19x105.8x1x
Tue, 20 Aug 2024€36.3b€34.7b€329.7m19.6x110x1x
Thu, 18 Jul 2024€38.3b€35.3b€211.8m19.5x180.9x1.1x
Sat, 15 Jun 2024€38.8b€35.3b€211.8m19.3x183.2x1.1x
Mon, 13 May 2024€40.5b€35.3b€218.3m19.3x185.3x1.1x
Wed, 10 Apr 2024€38.6b€36.8b€431.4m16.4x89.4x1x
Fri, 08 Mar 2024€36.5b€36.8b€431.4m16.1x84.6x1x
Sun, 04 Feb 2024€35.9b€38.5b€2.0b11.5x17.6x0.9x
Tue, 02 Jan 2024€39.3b€39.0b€2.4b11.7x16.5x1x
Thu, 30 Nov 2023€37.1b€39.0b€2.4b11.1x15.6x1x
Sat, 28 Oct 2023€35.8b€39.9b€2.6b11x13.5x0.9x
Mon, 25 Sep 2023€36.3b€41.9b€3.8b8.4x9.5x0.9x
Wed, 23 Aug 2023€34.8b€42.0b€3.8b8.2x9x0.8x
Fri, 21 Jul 2023€35.4b€43.4b€4.9b6.6x7.2x0.8x
Sun, 18 Jun 2023€36.4b€43.5b€4.9b6.8x7.4x0.8x
Tue, 16 May 2023€36.4b€43.5b€4.9b6.7x7.4x0.8x
Thu, 13 Apr 2023€36.4b€44.0b€5.1b5.8x7.1x0.8x
Sat, 11 Mar 2023€40.1b€44.0b€5.1b6.8x7.8x0.9x
Mon, 06 Feb 2023€41.7b€44.0b€4.9b7.3x8.5x0.9x
Price to Earnings Ratio

8.5x


Total Market Cap: €41.7bTotal Earnings: €4.9bTotal Revenue: €44.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Materials Sector Price to Earnings3Y Average 55.7x202420252026
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 88.4x which is higher than its 3-year average PE of 55.7x.
  • 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-1.83%
Materials-2.33%
Basic Materials11.74%
Metals and Mining-1.60%
Chemicals-1.74%
Paper and Forestry Products-2.41%
Packaging-2.91%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 143x.
    • 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
PAMPALO Endomines Finland Oyj€33.708.9%
+€32.9m		279.5%PE112x
SFOODS Solar Foods Oyj€4.86-15.0%
€3.8m		14.2%PS29.3x
BETOLAR Betolar Oyj€1.2911.7%
+€2.9m		73.6%PS30.7x

Latest News

HUH1V
€29.64
Huhtamäki Oyj
7D
-2.2%
1Y
-17.4%
BETOLAR
€1.29
Betolar Oyj
7D
11.7%
1Y
73.6%
SFOODS
€4.86
Solar Foods Oyj
7D
-15.0%
1Y
14.2%
PAMPALO
€33.70
Endomines Finland Oyj
7D
8.9%
1Y
279.5%

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
€2.74
Metsä Board Oyj
7D
-4.9%
1Y
-42.1%

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
€23.90
UPM-Kymmene Oyj
7D
-2.1%
1Y
-15.6%

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
€4.74
Outokumpu Oyj
7D
-3.1%
1Y
54.3%

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.
STERV
€10.22
Stora Enso Oyj
7D
-2.8%
1Y
-3.4%

STERV: Higher Future P/E And EBIT Guidance Will Support Bullish Repricing

Stora Enso Oyj's updated analyst narrative reflects a slightly lower fair value estimate of €13.55, with the modest upward revisions to price targets from €10.70 to €10.90 and from €10.10 to €11.50, offset by a trim to €9.80, as analysts balance expectations for revenue growth, profit margins, and a higher future P/E multiple. Analyst Commentary Recent research updates on Stora Enso Oyj show a mix of views, with several bullish analysts lifting their price targets into a range between €10.90 and €11.50.
AFAGR
€0.37
Afarak Group
7D
-4.7%
1Y
1.0%
KEMIRA
€20.06
Kemira Oyj
7D
-1.0%
1Y
-5.4%

KEMIRA: Fair Outlook Balances Revenue Guidance, Dividend Timing And New CFO Transition

Analysts have slightly reduced their price target for Kemira Oyj from €23.28 to €22.60. This reflects updated assumptions that include a different discount rate, revenue growth outlook, profit margin profile and future P/E expectations.
KOSKI
€9.10
Koskisen Oyj
7D
-4.2%
1Y
26.4%