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Finnish (OMX) Materials Sector Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies11
  • 7D9.3%
  • 3M13.8%
  • 1Y6.5%
  • YTD9.5%

Over the last 7 days, the Materials industry has risen 11%, driven by gains in UPM-Kymmene Oyj and Stora Enso Oyj of 9.5% and 14%, respectively. Meanwhile, Endomines Finland Oyj actually underperformed within the industry, shrinking 9.3% in the last week. This means that the industry has gained 4.8% over the past year. Earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026€35.0b€33.8b€1.3b20.2x26.4x1x
Sat, 10 Jan 2026€31.9b€34.3b€350.1m24.2x91.1x0.9x
Mon, 08 Dec 2025€30.7b€34.3b€350.1m23.3x87.6x0.9x
Wed, 05 Nov 2025€29.5b€34.3b€351.3m21.3x84x0.9x
Fri, 03 Oct 2025€29.7b€34.8b€589.3m20.8x50.5x0.9x
Sun, 31 Aug 2025€30.6b€34.8b€589.3m20.6x51.9x0.9x
Tue, 29 Jul 2025€30.6b€34.9b€610.3m28.7x50.1x0.9x
Thu, 26 Jun 2025€28.6b€35.0b€630.3m30.2x45.3x0.8x
Sat, 24 May 2025€29.8b€35.0b€630.3m30.5x47.2x0.9x
Mon, 21 Apr 2025€27.7b€34.8b€741.1m23.4x37.4x0.8x
Wed, 19 Mar 2025€33.0b€34.8b€741.1m26.6x44.5x0.9x
Fri, 14 Feb 2025€34.3b€35.0b€568.8m18x60.3x1x
Sun, 12 Jan 2025€31.8b€34.7b€809.4m18x39.2x0.9x
Tue, 10 Dec 2024€32.3b€34.7b€809.4m17.7x39.9x0.9x
Thu, 07 Nov 2024€32.7b€34.7b€808.9m19.3x40.5x0.9x
Sat, 05 Oct 2024€37.1b€34.7b€332.2m19.6x111.8x1.1x
Mon, 02 Sep 2024€36.9b€34.7b€332.2m19x110.9x1.1x
Wed, 31 Jul 2024€36.6b€35.1b€466.7m17.5x78.5x1x
Fri, 28 Jun 2024€39.7b€35.3b€211.8m20.1x187.2x1.1x
Sun, 26 May 2024€41.4b€35.3b€211.8m19.4x195.2x1.2x
Tue, 23 Apr 2024€38.1b€36.8b€431.4m15.8x88.4x1x
Thu, 21 Mar 2024€36.8b€36.8b€431.4m16.4x85.2x1x
Sat, 17 Feb 2024€35.4b€36.9b€422.0m17.7x83.8x1x
Mon, 15 Jan 2024€39.7b€39.0b€2.4b11.8x16.7x1x
Wed, 13 Dec 2023€37.6b€39.0b€2.4b11x15.8x1x
Fri, 10 Nov 2023€37.6b€39.0b€2.4b11.4x15.8x1x
Sun, 08 Oct 2023€36.9b€41.9b€3.8b8.5x9.6x0.9x
Tue, 05 Sep 2023€36.9b€41.9b€3.8b8.5x9.6x0.9x
Thu, 03 Aug 2023€34.9b€42.5b€4.1b8.2x8.5x0.8x
Sat, 01 Jul 2023€33.5b€43.5b€4.9b6.2x6.8x0.8x
Mon, 29 May 2023€36.3b€43.5b€4.9b6.8x7.4x0.8x
Wed, 26 Apr 2023€35.4b€44.0b€5.1b5.6x6.9x0.8x
Fri, 24 Mar 2023€37.9b€44.0b€5.1b6.4x7.4x0.9x
Sun, 19 Feb 2023€40.8b€43.9b€5.1b6.9x8x0.9x
Price to Earnings Ratio

8x


Total Market Cap: €40.8bTotal Earnings: €5.1bTotal Revenue: €43.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Materials Sector Price to Earnings3Y Average 56.3x202420252026
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 25.4x which is lower than its 3-year average PE of 56.3x.
  • 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 36% per year over the last three years,
  • Revenues have also declined 8.3% 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 Market0.45%
Materials9.35%
Paper and Forestry Products10.90%
Metals and Mining9.47%
Packaging6.56%
Chemicals2.48%
Basic Materials0%0
Industry PE
  • Investors are most optimistic about the Packaging industry which is trading above its 3-year average PE ratio of 20.7x.
    • Analysts are expecting annual earnings growth of 35.0%, which is higher than its past year's earnings decline of 19.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 63% over the next 5 years.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 10% 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
UPM UPM-Kymmene Oyj€27.629.5%
+€1.3b		-0.8%PE30.3x
STERV Stora Enso Oyj€12.0213.5%
+€1.1b		20.1%PE13.6x
OUT1V Outokumpu Oyj€5.2913.3%
+€292.1m		67.3%PS0.4x
METSB Metsä Board Oyj€3.2117.0%
+€165.5m		-22.1%PS0.6x
HUH1V Huhtamäki Oyj€31.783.2%
+€105.0m		-10.1%PE16.7x

Latest News

STERV
€12.02
Stora Enso Oyj
7D
13.5%
1Y
20.1%

We Think That There Are Issues Underlying Stora Enso Oyj's (HEL:STERV) Earnings

Feb 12
We Think That There Are Issues Underlying Stora Enso Oyj's (HEL:STERV) Earnings
KEMIRA
€21.20
Kemira Oyj
7D
2.5%
1Y
2.8%
UPM
€27.62
UPM-Kymmene Oyj
7D
9.5%
1Y
-0.8%

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
€3.21
Metsä Board Oyj
7D
17.0%
1Y
-22.1%

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).
PAMPALO
€28.20
Endomines Finland Oyj
7D
-9.3%
1Y
169.9%
HUH1V
€31.78
Huhtamäki Oyj
7D
3.2%
1Y
-10.1%

HUH1V: Future Upside Will Stem From Stable Margins And Refined Risk Pricing

Analysts kept their price target for Huhtamäki Oyj steady at €36.07, citing only minor model adjustments to the discount rate, revenue growth assumptions, profit margin and future P/E estimates that did not materially affect their overall valuation view. Valuation Changes Fair Value: The fair value estimate is unchanged at €36.07.
OUT1V
€5.29
Outokumpu Oyj
7D
13.3%
1Y
67.3%

OUT1V: Future Returns Will Reflect Restructuring Savings And Mixed Research Sentiment

Analysts have nudged their fair value estimate for Outokumpu Oyj up from €4.55 to €4.68, reflecting recent price target increases and generally more supportive research commentary, even as views across firms remain mixed. Analyst Commentary Recent research on Outokumpu Oyj presents a mixed picture, with several firms adjusting price targets and recommendations in different directions.
SFOODS
€4.73
Solar Foods Oyj
7D
1.6%
1Y
39.0%
AFAGR
€0.34
Afarak Group
7D
-5.0%
1Y
0.3%
KOSKI
€8.98
Koskisen Oyj
7D
-1.5%
1Y
19.7%