Does Holmen (STO:HOLM B) Have A Healthy Balance Sheet?
Nov 21
Swedish (OMX) Paper and Forestry Products Industry Analysis
UpdatedDec 07, 2022
DataAggregated Company Financials
Companies5
- 7D0.5%
- 3M-1.8%
- 1Y-3.9%
- YTD-6.6%
Svenska Cellulosa Aktiebolaget is up 2.0%, leading the way for the Paper and Forestry Products industry, which has gained 2.1%. Meanwhile, Rottneros actually underperformed within the industry, shrinking 5.6% in the last week. Despite this gain, the industry's performance has been flat over the past year. In the next few years, earnings are forecast to decline by 18% annually.
Industry Valuation and Performance
Has the Swedish Paper and Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 07 Dec 2022 | kr175.6b | kr56.2b | kr14.4b | 5.1x | 12.2x | 3.1x |
| Fri, 04 Nov 2022 | kr162.1b | kr56.2b | kr14.4b | 5.1x | 11.2x | 2.9x |
| Sun, 02 Oct 2022 | kr174.1b | kr54.8b | kr13.7b | 5.5x | 12.7x | 3.2x |
| Tue, 30 Aug 2022 | kr190.0b | kr54.8b | kr13.7b | 7.4x | 13.9x | 3.5x |
| Thu, 28 Jul 2022 | kr175.2b | kr53.7b | kr12.7b | 8.1x | 13.7x | 3.3x |
| Sat, 25 Jun 2022 | kr182.5b | kr51.6b | kr11.8b | 11.5x | 15.4x | 3.5x |
| Mon, 23 May 2022 | kr214.7b | kr51.6b | kr11.8b | 11.4x | 18.1x | 4.2x |
| Wed, 20 Apr 2022 | kr238.8b | kr49.0b | kr9.9b | 15.8x | 24.2x | 4.9x |
| Fri, 18 Mar 2022 | kr217.5b | kr49.0b | kr9.9b | 15.8x | 22x | 4.4x |
| Sun, 13 Feb 2022 | kr198.7b | kr49.4b | kr9.9b | 16.7x | 20.1x | 4x |
| Tue, 11 Jan 2022 | kr190.9b | kr47.7b | kr8.2b | 22.1x | 23.4x | 4x |
| Thu, 09 Dec 2021 | kr181.6b | kr47.7b | kr8.2b | 22x | 22.3x | 3.8x |
| Sat, 06 Nov 2021 | kr162.7b | kr47.7b | kr8.2b | 19.2x | 19.9x | 3.4x |
| Mon, 04 Oct 2021 | kr164.9b | kr45.2b | kr5.0b | 20.5x | 33.2x | 3.6x |
| Wed, 01 Sep 2021 | kr185.8b | kr45.2b | kr5.0b | 22.9x | 37.4x | 4.1x |
| Thu, 08 Jul 2021 | kr168.4b | kr45.2b | kr5.0b | 22.1x | 33.9x | 3.7x |
| Wed, 31 Mar 2021 | kr178.2b | kr43.4b | kr3.5b | 22.2x | 50.5x | 4.1x |
| Sat, 02 Jan 2021 | kr170.5b | kr43.8b | kr3.1b | 21.4x | 55.7x | 3.9x |
| Tue, 06 Oct 2020 | kr146.7b | kr41.5b | kr22.0b | 6.6x | 6.7x | 3.5x |
| Fri, 10 Jul 2020 | kr129.3b | kr41.7b | kr23.6b | 20.2x | 5.5x | 3.1x |
| Thu, 02 Apr 2020 | kr121.9b | kr43.0b | kr24.0b | 8.7x | 5.1x | 2.8x |
| Sun, 05 Jan 2020 | kr116.3b | kr43.1b | kr24.5b | 7.2x | 4.7x | 2.7x |
Price to Earnings Ratio
4.7x
Current Industry PE
- Investors are pessimistic on the Swedish Forestry 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 12.2x which is lower than its 3-year average PE of 21.6x.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have declined 16% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Swedish Materials industry?
| SE Market | 0.92% | |
| Materials | 1.30% | |
| Paper and Forestry Products | 0.49% | |
| Forestry Products | 0.72% | |
| Paper Products | 0.18% | |
Industry PE
- Investors are most optimistic about the Forestry Products industry even though it's trading below its 3-year average PE ratio of 30.5x.
- Analysts are expecting annual earnings decline of 12.7%, which is lower than the prior year's growth of 23.5% per year.
- Investors are most pessimistic about the Paper Products industry, which is trading below its 3-year average of 17.8x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Forestry Products industry since they expect its earnings to decline by only 13% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 23% per year.
- In contrast, the Paper Products industry is expected to see its earnings decline by 24% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SCA B Svenska Cellulosa Aktiebolaget | kr142.55 | 0.7% +kr667.2m | -7.5% | PE13.1x | |
| HOLM B Holmen | kr431.50 | 0.3% +kr194.4m | 2.0% | PE12.8x | |
| BRG B Bergs Timber | kr32.85 | 4.8% +kr52.0m | -32.5% | PE3.5x |
