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Finnish (OMX) Materials Sector Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.9%
  • 3M15.5%
  • 1Y-3.0%
  • YTD5.2%

Over the last 7 days, the Materials industry has dropped 3.4%, driven by pullbacks in UPM-Kymmene Oyj and Stora Enso Oyj of 3.1% and 4.5%, respectively. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026€33.7b€33.5b€1.2b20.9x27x1x
Sun, 18 Jan 2026€31.7b€34.3b€350.1m24.6x90.7x0.9x
Tue, 16 Dec 2025€30.1b€34.3b€350.1m23.4x86x0.9x
Thu, 13 Nov 2025€30.9b€34.3b€351.3m21.6x87.9x0.9x
Sat, 11 Oct 2025€28.0b€34.8b€589.3m20.2x47.6x0.8x
Mon, 08 Sep 2025€30.0b€34.8b€589.3m20.8x50.9x0.9x
Wed, 06 Aug 2025€28.8b€34.8b€583.7m20.8x49.3x0.8x
Fri, 04 Jul 2025€30.1b€35.0b€630.3m31.4x47.8x0.9x
Sun, 01 Jun 2025€29.8b€35.0b€630.3m30.5x47.3x0.9x
Tue, 29 Apr 2025€28.6b€34.9b€643.5m30.4x44.4x0.8x
Thu, 27 Mar 2025€31.2b€34.8b€741.1m25.6x42.1x0.9x
Sat, 22 Feb 2025€34.8b€34.9b€754.3m19.6x46.1x1x
Mon, 20 Jan 2025€32.5b€34.7b€809.4m18.4x40.1x0.9x
Wed, 18 Dec 2024€31.3b€34.7b€809.4m17.3x38.6x0.9x
Fri, 15 Nov 2024€31.8b€34.7b€808.9m18.9x39.3x0.9x
Sun, 13 Oct 2024€36.9b€34.7b€332.2m19.5x111x1.1x
Tue, 10 Sep 2024€34.8b€34.7b€332.2m18.6x104.6x1x
Thu, 08 Aug 2024€34.8b€35.1b€437.8m16.8x79.4x1x
Sat, 06 Jul 2024€38.8b€35.3b€211.8m20.2x183x1.1x
Mon, 03 Jun 2024€41.3b€35.3b€211.8m19.2x195.2x1.2x
Wed, 01 May 2024€38.7b€35.8b€338.3m18.4x114.5x1.1x
Fri, 29 Mar 2024€38.0b€36.8b€431.4m16.6x88x1x
Sun, 25 Feb 2024€35.6b€36.8b€431.4m15.8x82.6x1x
Tue, 23 Jan 2024€37.9b€39.0b€2.4b11.8x15.9x1x
Thu, 21 Dec 2023€39.3b€39.0b€2.4b11.6x16.5x1x
Sat, 18 Nov 2023€37.6b€39.0b€2.4b11.4x15.8x1x
Mon, 16 Oct 2023€37.9b€41.9b€3.8b9.1x9.9x0.9x
Wed, 13 Sep 2023€35.8b€41.9b€3.8b8.3x9.3x0.9x
Fri, 11 Aug 2023€35.1b€42.0b€3.9b8.3x9.1x0.8x
Sun, 09 Jul 2023€33.9b€43.5b€4.9b6.3x6.9x0.8x
Tue, 06 Jun 2023€36.7b€43.5b€4.9b7.1x7.5x0.8x
Thu, 04 May 2023€36.1b€44.3b€5.1b6.5x7.1x0.8x
Sat, 01 Apr 2023€37.7b€44.0b€5.1b6.3x7.3x0.9x
Mon, 27 Feb 2023€40.1b€44.0b€5.1b6.8x7.8x0.9x
Price to Earnings Ratio

7.8x


Total Market Cap: €40.1bTotal Earnings: €5.1bTotal Revenue: €44.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Materials Sector Price to Earnings3Y Average 56.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Finnish Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 27.1x which is lower than its 3-year average PE of 56.4x.
  • 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 38% per year over the last three years,
  • Revenues have also declined 8.7% 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 Market2.68%
Materials-2.87%
Basic Materials10.17%
Metals and Mining3.98%
Packaging-1.94%
Paper and Forestry Products-3.62%
Chemicals-4.53%
Industry PE
  • Investors are most optimistic about the Packaging industry which is trading above its 3-year average PE ratio of 21.5x.
    • Analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings decline of 14.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 56% over the next 5 years.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 9.1% 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
OUT1V Outokumpu Oyj€5.164.1%
+€94.7m		43.4%PS0.4x
PAMPALO Endomines Finland Oyj€29.503.7%
+€12.6m		159.9%PE48.4x
AFAGR Afarak Group€0.343.0%
+€2.6m		-2.5%PS0.7x
BETOLAR Betolar Oyj€1.3010.2%
+€2.6m		71.1%PS29.6x

Latest News

OUT1V
€5.16
Outokumpu Oyj
7D
4.1%
1Y
43.4%

OUT1V: Future Returns Will Reflect Restructuring Progress And Confident Yet Cautious Research Views

Analysts have nudged their average price target on Outokumpu Oyj higher to about €5.11, up from roughly €4.68. This reflects recent target increases and more constructive views on revenue growth, profitability and the stock's future P/E, even as one house moved to a downgrade.
HUH1V
€31.20
Huhtamäki Oyj
7D
-0.8%
1Y
-16.7%
STERV
€11.29
Stora Enso Oyj
7D
-4.5%
1Y
5.8%

STERV: Modest Margin Recovery Will Support Fairly Valued Shares Under Refined Assumptions

Narrative Update Analysts have nudged their price targets on Stora Enso Oyj higher by around €0.50 to €0.90, reflecting updated views on fair value, discount rates, and profitability assumptions. Analyst Commentary Recent research updates on Stora Enso Oyj cluster around modest upward revisions to price targets, suggesting analysts are fine tuning their views rather than making wholesale changes to their investment cases.
KEMIRA
€19.66
Kemira Oyj
7D
-4.5%
1Y
-8.6%

Kemira Oyj Just Missed EPS By 18%: Here's What Analysts Think Will Happen Next

Feb 17
Kemira Oyj Just Missed EPS By 18%: Here's What Analysts Think Will Happen Next
KOSKI
€8.88
Koskisen Oyj
7D
-1.3%
1Y
25.1%
PAMPALO
€29.50
Endomines Finland Oyj
7D
3.7%
1Y
159.9%
UPM
€26.89
UPM-Kymmene Oyj
7D
-3.1%
1Y
-8.1%

UPM: Future Returns Will Reflect Pulp Prices And Capacity Restructuring

Narrative Update Analysts have trimmed their price target for UPM-Kymmene Oyj by about €0.03, citing slightly more conservative assumptions on discount rates and revenue growth. The revised target still reflects firm profit margin expectations, future P/E considerations, and recent target cuts and rating changes from the Street.
METSB
€3.05
Metsä Board Oyj
7D
-5.0%
1Y
-25.9%

METSB: Cost Measures And Layoffs Will Shape Fairly Balanced Prospects

Analysts have trimmed their price targets for Metsä Board Oyj, reflecting updated assumptions that now point to slightly lower fair value, more conservative expectations for revenue growth and profit margins, and a higher future P/E multiple. What's in the News The Board of Directors has proposed to the Annual General Meeting on 19 March 2026 that no dividend be distributed for the financial period 1 January 2025 to 31 December 2025 (Key Developments).
BETOLAR
€1.30
Betolar Oyj
7D
10.2%
1Y
71.1%
SFOODS
€4.47
Solar Foods Oyj
7D
-5.8%
1Y
42.7%
AFAGR
€0.34
Afarak Group
7D
3.0%
1Y
-2.5%