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METS

Metsä Board Oyj HLSE:METSB Stock Report

Last Price

€10.13

Market Cap

€3.6b

7D

-1.7%

1Y

2.9%

Updated

24 May, 2022

Data

Company Financials +
METSB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

METSB Stock Overview

Metsä Board Oyj engages in folding boxboard, fresh fibre linerboard, and market pulp businesses.

Metsä Board Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Metsä Board Oyj
Historical stock prices
Current Share Price€10.13
52 Week High€10.49
52 Week Low€7.50
Beta0.77
1 Month Change8.98%
3 Month Change18.55%
1 Year Change2.95%
3 Year Change149.75%
5 Year Change49.19%
Change since IPO64.18%

Recent News & Updates

May 16
Do Metsä Board Oyj's (HEL:METSB) Earnings Warrant Your Attention?

Do Metsä Board Oyj's (HEL:METSB) Earnings Warrant Your Attention?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

May 02
Metsä Board Oyj (HEL:METSB) Is Experiencing Growth In Returns On Capital

Metsä Board Oyj (HEL:METSB) Is Experiencing Growth In Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

METSBFI ForestryFI Market
7D-1.7%-0.5%-0.4%
1Y2.9%10.9%-12.6%

Return vs Industry: METSB underperformed the Finnish Forestry industry which returned 9.7% over the past year.

Return vs Market: METSB exceeded the Finnish Market which returned -12.2% over the past year.

Price Volatility

Is METSB's price volatile compared to industry and market?
METSB volatility
METSB Average Weekly Movement5.0%
Forestry Industry Average Movement5.9%
Market Average Movement5.9%
10% most volatile stocks in FI Market8.5%
10% least volatile stocks in FI Market4.1%

Stable Share Price: METSB is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: METSB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19862,235Mika Joukiohttps://www.metsaboard.com

Metsä Board Oyj engages in folding boxboard, fresh fibre linerboard, and market pulp businesses. The company provides barrier boards, food service boards, and white kraft liners. It also offers lightweight paperboards for consumer goods and electronics, beauty care, cigarette, healthcare, beverage, food service, and graphical packaging applications.

Metsä Board Oyj Fundamentals Summary

How do Metsä Board Oyj's earnings and revenue compare to its market cap?
METSB fundamental statistics
Market Cap€3.60b
Earnings (TTM)€339.90m
Revenue (TTM)€2.18b

10.6x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
METSB income statement (TTM)
Revenue€2.18b
Cost of Revenue€1.52b
Gross Profit€652.50m
Other Expenses€312.60m
Earnings€339.90m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)0.96
Gross Margin29.97%
Net Profit Margin15.61%
Debt/Equity Ratio25.3%

How did METSB perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

43%

Payout Ratio

Valuation

Is Metsä Board Oyj undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


22.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: METSB (€10.13) is trading below our estimate of fair value (€13.03)

Significantly Below Fair Value: METSB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: METSB is good value based on its Price-To-Earnings Ratio (10.6x) compared to the European Forestry industry average (10.9x).

PE vs Market: METSB is good value based on its Price-To-Earnings Ratio (10.6x) compared to the Finnish market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: METSB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: METSB is overvalued based on its Price-To-Book Ratio (2.1x) compared to the XE Forestry industry average (1.5x).


Future Growth

How is Metsä Board Oyj forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-10.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: METSB's earnings are forecast to decline over the next 3 years (-10.8% per year).

Earnings vs Market: METSB's earnings are forecast to decline over the next 3 years (-10.8% per year).

High Growth Earnings: METSB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: METSB's revenue (1.2% per year) is forecast to grow slower than the Finnish market (2.9% per year).

High Growth Revenue: METSB's revenue (1.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: METSB's Return on Equity is forecast to be low in 3 years time (14.7%).


Past Performance

How has Metsä Board Oyj performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: METSB has high quality earnings.

Growing Profit Margin: METSB's current net profit margins (15.6%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: METSB's earnings have grown by 14.7% per year over the past 5 years.

Accelerating Growth: METSB's earnings growth over the past year (61.2%) exceeds its 5-year average (14.7% per year).

Earnings vs Industry: METSB earnings growth over the past year (61.2%) underperformed the Forestry industry 85.9%.


Return on Equity

High ROE: METSB's Return on Equity (20.1%) is considered high.


Financial Health

How is Metsä Board Oyj's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: METSB's short term assets (€1.4B) exceed its short term liabilities (€685.5M).

Long Term Liabilities: METSB's short term assets (€1.4B) exceed its long term liabilities (€576.6M).


Debt to Equity History and Analysis

Debt Level: METSB has more cash than its total debt.

Reducing Debt: METSB's debt to equity ratio has reduced from 61.7% to 25.3% over the past 5 years.

Debt Coverage: METSB's debt is well covered by operating cash flow (86.6%).

Interest Coverage: METSB's interest payments on its debt are well covered by EBIT (49.1x coverage).


Balance Sheet


Dividend

What is Metsä Board Oyj current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.05%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: METSB's dividend (4.05%) is higher than the bottom 25% of dividend payers in the Finnish market (2.38%).

High Dividend: METSB's dividend (4.05%) is low compared to the top 25% of dividend payers in the Finnish market (4.68%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, METSB has been paying a dividend for less than 10 years.

Growing Dividend: METSB's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.1%), METSB's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (89.9%), METSB's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Mika Joukio (57 yo)

7.58yrs

Tenure

€2,063,553

Compensation

Mr. Mika Joukio, M.Sc. (Eng), MBA, has been the Chief Executive Officer of Metsa Board Oyj since October 1, 2014. Mr. Joukio has been Chief Executive Officer of Metsä Board Corporation since 2014. He has b...


CEO Compensation Analysis

Compensation vs Market: Mika's total compensation ($USD2.21M) is about average for companies of similar size in the Finnish market ($USD2.54M).

Compensation vs Earnings: Mika's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: METSB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: METSB's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Metsä Board Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Metsä Board Oyj
  • Ticker: METSB
  • Exchange: HLSE
  • Founded: 1986
  • Industry: Paper Products
  • Sector: Materials
  • Implied Market Cap: €3.602b
  • Shares outstanding: 355.51m
  • Website: https://www.metsaboard.com

Number of Employees


Location

  • Metsä Board Oyj
  • Revontulenpuisto 2 A
  • Espoo
  • Uusimaa
  • 2100
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.