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Finnish (OMX) Materials Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.4%
  • 3M12.9%
  • 1Y0.6%
  • YTD-0.4%

Over the last 7 days, the Materials industry has remained flat, although notably Kemira Oyj gained 3.2%. Furthermore, the industry has been flat for the past year as well. 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
Sun, 11 Jan 2026€31.9b€34.3b€350.1m24.2x91.1x0.9x
Tue, 09 Dec 2025€30.5b€34.3b€350.1m23.5x87.1x0.9x
Thu, 06 Nov 2025€29.4b€34.3b€351.3m21.4x83.8x0.9x
Sat, 04 Oct 2025€30.0b€34.8b€589.3m20.7x50.8x0.9x
Mon, 01 Sep 2025€30.6b€34.8b€589.3m20.6x51.9x0.9x
Wed, 30 Jul 2025€30.2b€34.9b€610.3m29.3x49.5x0.9x
Fri, 27 Jun 2025€29.3b€35.0b€630.3m30.8x46.5x0.8x
Sun, 25 May 2025€29.8b€35.0b€630.3m30.5x47.2x0.9x
Tue, 22 Apr 2025€27.7b€34.8b€741.1m23.4x37.3x0.8x
Thu, 20 Mar 2025€33.0b€34.8b€741.1m26.5x44.5x0.9x
Sat, 15 Feb 2025€35.2b€34.9b€778.8m18.5x45.2x1x
Mon, 13 Jan 2025€31.8b€34.7b€809.4m18x39.2x0.9x
Wed, 11 Dec 2024€32.1b€34.7b€809.4m17.5x39.7x0.9x
Fri, 08 Nov 2024€32.9b€34.7b€808.9m19.3x40.7x1x
Sun, 06 Oct 2024€37.1b€34.7b€332.2m19.6x111.8x1.1x
Tue, 03 Sep 2024€37.0b€34.7b€332.2m19x111.5x1.1x
Thu, 01 Aug 2024€36.8b€35.1b€466.7m17.4x78.9x1x
Sat, 29 Jun 2024€39.3b€35.3b€211.8m19.8x185.5x1.1x
Mon, 27 May 2024€41.4b€35.3b€211.8m19.4x195.2x1.2x
Wed, 24 Apr 2024€37.9b€36.8b€431.4m15.9x87.8x1x
Fri, 22 Mar 2024€37.8b€36.8b€431.4m16.5x87.6x1x
Sun, 18 Feb 2024€35.4b€36.9b€422.0m17.7x83.8x1x
Tue, 16 Jan 2024€39.5b€39.0b€2.4b11.8x16.6x1x
Thu, 14 Dec 2023€37.5b€39.0b€2.4b11x15.8x1x
Sat, 11 Nov 2023€36.9b€39.0b€2.4b11.1x15.5x0.9x
Mon, 09 Oct 2023€36.9b€41.9b€3.8b8.5x9.6x0.9x
Wed, 06 Sep 2023€36.4b€41.9b€3.8b8.4x9.5x0.9x
Fri, 04 Aug 2023€34.7b€42.0b€3.9b8.2x9x0.8x
Sun, 02 Jul 2023€33.5b€43.5b€4.9b6.2x6.8x0.8x
Tue, 30 May 2023€36.4b€43.5b€4.9b6.9x7.4x0.8x
Thu, 27 Apr 2023€35.0b€29.0b€5.1b5.8x6.8x1.2x
Sat, 25 Mar 2023€37.4b€44.0b€5.1b6.2x7.3x0.9x
Mon, 20 Feb 2023€40.8b€43.9b€5.1b6.9x8x0.9x
Wed, 18 Jan 2023€40.3b€43.4b€4.8b7.2x8.5x0.9x
Price to Earnings Ratio

8.5x


Total Market Cap: €40.3bTotal Earnings: €4.8bTotal Revenue: €43.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Materials Sector Price to Earnings3Y Average 54.3x202420252026
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 91.1x which is higher than its 3-year average PE of 54.3x.
  • 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 58% per year over the last three years,
  • Revenues have also declined 7.6% 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 Market1.05%
Materials-0.41%
Chemicals3.29%
Packaging1.65%
Metals and Mining0.92%
Paper and Forestry Products-1.49%
Basic Materials-1.79%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 140x.
    • Analysts are expecting annual earnings growth of 38.1%, 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 70% over the next 5 years.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 5.4% 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€20.263.2%
+€92.7m		2.1%PE13.8x
HUH1V Huhtamäki Oyj€30.402.0%
+€63.0m		-9.3%PE15.9x
OUT1V Outokumpu Oyj€4.691.6%
+€33.9m		59.8%PS0.4x
METSB Metsä Board Oyj€3.200.7%
+€7.8m		-23.6%PS0.6x
SFOODS Solar Foods Oyj€5.016.7%
+€7.8m		8.9%PS25x

Latest News

METSB
€3.20
Metsä Board Oyj
7D
0.7%
1Y
-23.6%

METSB: Cost Programme And Efficiency Gains Will Support Modest Future Prospects

Analysts have modestly lifted their price target for Metsä Board Oyj to reflect slightly adjusted assumptions on discount rate, revenue growth, profit margins and future P/E, suggesting a small upward reassessment of the company’s valuation. What's in the News Metsä Board has launched a cost savings and profitability improvement programme sized at approximately €200 million, aimed at adjusting its cost structure and improving operational efficiency, with change negotiations covering its entire workforce across operating countries.
UPM
€24.65
UPM-Kymmene Oyj
7D
-1.9%
1Y
-8.3%

UPM: Future Returns Will Hinge On Pulp Prices And Mill Restructuring

Analysts have raised their fair value estimate for UPM-Kymmene slightly to about €25.81 and lowered their price targets, as they incorporate more cautious assumptions on revenue growth, profit margins and future P/E multiples following a series of reduced Street targets between €22 and €27.50. Analyst Commentary Recent Street research on UPM-Kymmene Oyj has tilted more cautious on near term upside, even as some firms maintain constructive views on the shares.
PAMPALO
€27.50
Endomines Finland Oyj
7D
-2.5%
1Y
207.6%
HUH1V
€30.40
Huhtamäki Oyj
7D
2.0%
1Y
-9.3%

HUH1V: Future Upside Will Stem From Resilient Margins And Lower Discount Rate

Narrative Update Overview The updated analyst price target for Huhtamäki Oyj moves slightly higher to €36.25 from €35.91, with analysts citing recent Street research that trims external targets to €40.50 and €43 while still supporting a constructive view along with modest adjustments to fair value, discount rate, revenue growth, profit margin and forward P/E assumptions. Analyst Commentary Recent Street research on Huhtamäki Oyj points to only modest changes in opinion, with price targets adjusted slightly while constructive views on the equity story are maintained.
OUT1V
€4.69
Outokumpu Oyj
7D
1.6%
1Y
59.8%

OUT1V: Future Returns Will Balance Cost Cuts With Low Carbon Metal Expansion

Analysts have nudged their price expectations for Outokumpu Oyj higher, with the updated fair value estimate moving from €4.22 to about €4.30. This reflects research that now assumes slightly different discount rates, revenue growth, profit margin outlooks and a marginally higher future P/E multiple.
STERV
€10.73
Stora Enso Oyj
7D
-0.8%
1Y
11.6%

STERV: Future Margin Recovery Will Balance Mixed Demand And Maintenance EBIT Headwinds

Analysts have nudged their average price target for Stora Enso Oyj slightly higher to about €11.27 from €11.23, reflecting mixed recent target revisions and updated assumptions on the discount rate, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent Street research on Stora Enso Oyj shows a mix of optimism and caution, with price targets clustered in a relatively tight range and ratings spread across Buy, Hold and Neutral.
KEMIRA
€20.26
Kemira Oyj
7D
3.2%
1Y
2.1%

Is There An Opportunity With Kemira Oyj's (HEL:KEMIRA) 50% Undervaluation?

Jan 04
Is There An Opportunity With Kemira Oyj's (HEL:KEMIRA) 50% Undervaluation?
KOSKI
€9.18
Koskisen Oyj
7D
0.9%
1Y
26.1%
AFAGR
€0.26
Afarak Group
7D
-2.6%
1Y
-13.3%
SFOODS
€5.01
Solar Foods Oyj
7D
6.7%
1Y
8.9%
BETOLAR
€1.10
Betolar Oyj
7D
-1.8%
1Y
59.4%