Stock Analysis Report

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Executive Summary

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. More Details

Snowflake Analysis

Adequate balance sheet second-rate dividend payer.

Similar Companies

Share Price & News

How has Stora Enso Oyj's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: STERV is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: STERV's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




FI Forestry


FI Market

1 Year Return




FI Forestry


FI Market

Return vs Industry: STERV exceeded the Finnish Forestry industry which returned 30.2% over the past year.

Return vs Market: STERV exceeded the Finnish Market which returned 15.3% over the past year.

Shareholder returns

7 Day0.4%0.8%-2.0%
30 Day7.5%3.0%-4.4%
90 Day17.7%10.4%2.8%
1 Year63.0%59.2%36.1%31.9%27.3%18.5%
3 Year20.8%9.9%24.3%10.9%28.6%5.7%
5 Year157.7%117.6%131.2%36.1%72.5%34.1%

Long-Term Price Volatility Vs. Market

How volatile is Stora Enso Oyj's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Stora Enso Oyj undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: STERV (€16.39) is trading above our estimate of fair value (€10.6)

Significantly Below Fair Value: STERV is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: STERV is poor value based on its PE Ratio (20.6x) compared to the XE Forestry industry average (18.7x).

PE vs Market: STERV is good value based on its PE Ratio (20.6x) compared to the Finnish market (26.8x).

Price to Earnings Growth Ratio

PEG Ratio: STERV is poor value based on its PEG Ratio (2.4x)

Price to Book Ratio

PB vs Industry: STERV is overvalued based on its PB Ratio (1.5x) compared to the XE Forestry industry average (1.2x).

Next Steps

Future Growth

How is Stora Enso Oyj forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: STERV's forecast earnings growth (8.5% per year) is above the savings rate (0.3%).

Earnings vs Market: STERV's earnings (8.5% per year) are forecast to grow slower than the Finnish market (19.5% per year).

High Growth Earnings: STERV's earnings are forecast to grow, but not significantly.

Revenue vs Market: STERV's revenue (2.5% per year) is forecast to grow slower than the Finnish market (3.4% per year).

High Growth Revenue: STERV's revenue (2.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: STERV's Return on Equity is forecast to be low in 3 years time (8.6%).

Next Steps

Past Performance

How has Stora Enso Oyj performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: STERV has a large one-off gain of €379.0M impacting its December 31 2020 financial results.

Growing Profit Margin: STERV's current net profit margins (7.3%) are lower than last year (8.7%).

Past Earnings Growth Analysis

Earnings Trend: STERV's earnings have grown by 4.8% per year over the past 5 years.

Accelerating Growth: STERV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: STERV had negative earnings growth (-28.8%) over the past year, making it difficult to compare to the Forestry industry average (-9.4%).

Return on Equity

High ROE: STERV's Return on Equity (7%) is considered low.

Next Steps

Financial Health

How is Stora Enso Oyj's financial position?

Financial Position Analysis

Short Term Liabilities: STERV's short term assets (€4.2B) exceed its short term liabilities (€2.9B).

Long Term Liabilities: STERV's short term assets (€4.2B) do not cover its long term liabilities (€5.7B).

Debt to Equity History and Analysis

Debt Level: STERV's debt to equity ratio (49.6%) is considered high.

Reducing Debt: STERV's debt to equity ratio has reduced from 74.9% to 49.6% over the past 5 years.

Debt Coverage: STERV's debt is well covered by operating cash flow (25.9%).

Interest Coverage: STERV's interest payments on its debt are well covered by EBIT (4.1x coverage).

Balance Sheet

Next Steps


What is Stora Enso Oyj current dividend yield, its reliability and sustainability?


Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: STERV's dividend (1.83%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (1.91%).

High Dividend: STERV's dividend (1.83%) is low compared to the top 25% of dividend payers in the Finnish market (3.94%).

Stability and Growth of Payments

Stable Dividend: STERV's dividend payments have been volatile in the past 10 years.

Growing Dividend: STERV's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.8%), STERV's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: STERV's dividends in 3 years are forecast to be covered by earnings (52.5% payout ratio).

Next Steps


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


Average management tenure


Annica Bresky (45 yo)



Ms. Annica Bresky, M.Sc. (Engineering), MBA, serves as President and Chief Executive Officer of Stora Enso Oyj since December 1, 2019. She served as Executive Vice President of Consumer Board Division at S...

Leadership Team

Annica Bresky
President & CEO1.25yrsno data0.0018%
€ 240.0k
Seppo Parvi
CFO, Deputy CEO & Country Manager of Finland7.08yrsno data0.0059%
€ 766.8k
Aruna Arumugam
Head of Human Resources and Administrationno datano datano data
Ulla Paajanen-Sainio
Senior VP & Head of Investor Relations11.83yrsno datano data
Per Lyrvall
Executive VP of Legal13.17yrsno data0.0088%
€ 1.1m
Ulrika Lilja
Executive Vice President of Communications6.5yrsno data0.0025%
€ 331.3k
Katariina Kravi
Executive VP & Head of Human Resources0.50yrno datano data
Jarmo Alm
Senior VP of Business Area Newsprint & Book Papers - Stora Enso Publication Paper Division17.83yrsno datano data
Sakari Eloranta
Senior Vice President of Pulp Competence Centre17.58yrsno datano data
Hannu Kasurinen
Executive VP & Head of Packaging Materials1.25yrsno data0.0045%
€ 586.9k
Jouni Seppälä
Senior Vice President of Business Analysis & Controlling15.42yrsno datano data
Anders Bergkvist
Chief Financial Officer of China and Guangxino datano datano data


Average Tenure


Average Age

Experienced Management: STERV's management team is seasoned and experienced (9.5 years average tenure).

Board Members

Hans Stråberg
Independent Vice Chairman3.92yrs€115.00k0.0058%
€ 751.2k
Jorma Eloranta
Independent Chairman of the Board3.92yrs€217.00k0.0045%
€ 585.6k
Mikko Helander
Independent Director2yrs€74.00k0.00090%
€ 117.4k
Richard Nilsson
€ 389.9k
Hock Goh
Independent Director8.92yrs€80.00k0.0040%
€ 516.4k
Hakan Buskhe
Director0.75yrno data0.00035%
€ 45.6k
Elisabeth Fleuriot
Independent Director7.92yrs€88.00k0.0034%
€ 438.2k
Christiane Kuehne
Independent Director3.92yrs€84.00k0.0014%
€ 182.6k
Antti Makinen
€ 123.9k


Average Tenure


Average Age

Experienced Board: STERV's board of directors are considered experienced (3.9 years average tenure).


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

Stora Enso Oyj's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Stora Enso Oyj
  • Ticker: STERV
  • Exchange: HLSE
  • Founded: 1998
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: €13.041b
  • Shares outstanding: 788.62m
  • Website: https://www.storaenso.com

Number of Employees


  • Stora Enso Oyj
  • Kanavaranta 1
  • PO Box 309
  • Helsinki
  • Uusimaa
  • 101
  • Finland


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STERVHLSE (OMX Nordic Exchange Helsinki)YesSeries R SharesFIEURMay 1996
ENURDB (Deutsche Boerse AG)YesSeries R SharesDEEURMay 1996
ENURXTRA (XETRA Trading Platform)YesSeries R SharesDEEURMay 1996
0CXCLSE (London Stock Exchange)YesSeries R SharesGBEURMay 1996
SEOJ.FOTCPK (Pink Sheets LLC)YesSeries R SharesUSUSDMay 1996
STERVHBATS-CHIXE (BATS 'Chi-X Europe')YesSeries R SharesGBEURMay 1996
STEAVHLSE (OMX Nordic Exchange Helsinki)Series A SharesFIEURMay 1996
0CX9LSE (London Stock Exchange)Series A SharesGBEURMay 1996
STEAVHBATS-CHIXE (BATS 'Chi-X Europe')Series A SharesGBEURMay 1996
ENUADB (Deutsche Boerse AG)Series A SharesDEEURMay 1996
STE AOM (OMX Nordic Exchange Stockholm)SHS ASESEKDec 1998
STE ROM (OMX Nordic Exchange Stockholm)SHS RSESEKDec 1998
0M32LSE (London Stock Exchange)SHS AGBSEKDec 1998
0KCKLSE (London Stock Exchange)SHS RGBSEKDec 1998


Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. It operates through Packaging Materials, Packaging Solutions, Biomaterials...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/05 19:37
End of Day Share Price2021/03/05 00:00
Annual Earnings2020/12/31

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.