Stora Enso Oyj Valuation

Is STERV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of STERV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: STERV (€9.29) is trading above our estimate of fair value (€7)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for STERV?

Key metric: As STERV is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for STERV. This is calculated by dividing STERV's market cap by their current revenue.
What is STERV's PS Ratio?
PS Ratio0.8x
Sales€8.90b
Market Cap€7.32b

Price to Sales Ratio vs Peers

How does STERV's PS Ratio compare to its peers?

The above table shows the PS ratio for STERV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
UPM UPM-Kymmene Oyj
1.3x3.8%€13.5b
HUH1V Huhtamäki Oyj
0.9x4.3%€3.6b
KEMIRA Kemira Oyj
0.9x1.4%€2.9b
METSB Metsä Board Oyj
0.8x7.6%€1.6b
STERV Stora Enso Oyj
0.8x6.1%€7.3b

Price-To-Sales vs Peers: STERV is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1x).


Price to Sales Ratio vs Industry

How does STERV's PS Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
STERV 0.8xIndustry Avg. 0.7xNo. of Companies5PS00.40.81.21.62+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: STERV is expensive based on its Price-To-Sales Ratio (0.8x) compared to the European Forestry industry average (0.7x).


Price to Sales Ratio vs Fair Ratio

What is STERV's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

STERV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: STERV is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst STERV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.29
€13.28
+43.0%
13.9%€17.40€9.80n/a15
Nov ’25€10.38
€13.65
+31.5%
13.2%€17.40€10.00n/a15
Oct ’25€11.45
€13.89
+21.4%
14.2%€16.50€10.00n/a15
Sep ’25€11.70
€13.84
+18.3%
14.7%€17.00€10.00n/a16
Aug ’25€11.34
€14.09
+24.3%
14.3%€17.00€10.30n/a16
Jul ’25€12.89
€13.95
+8.2%
15.4%€17.00€9.80n/a14
Jun ’25€13.41
€13.56
+1.2%
15.8%€17.00€9.80n/a14
May ’25€12.55
€13.32
+6.1%
14.3%€16.50€9.80n/a14
Apr ’25€12.89
€12.65
-1.8%
14.7%€16.00€9.60n/a14
Mar ’25€11.79
€12.53
+6.3%
12.1%€14.50€9.60n/a13
Feb ’25€11.25
€12.98
+15.5%
13.5%€15.20€9.60n/a13
Jan ’25€12.53
€12.92
+3.1%
13.3%€15.50€10.00n/a13
Dec ’24€12.00
€12.84
+7.0%
13.5%€15.50€10.00€9.1913
Nov ’24€11.32
€12.80
+13.1%
14.3%€15.50€10.00€10.3813
Oct ’24€11.89
€12.48
+4.9%
15.8%€15.50€9.70€11.4513
Sep ’24€11.86
€12.69
+7.0%
16.0%€15.50€9.80€11.7014
Aug ’24€11.21
€12.73
+13.5%
16.4%€15.90€9.80€11.3414
Jul ’24€10.63
€13.87
+30.6%
13.4%€16.90€11.00€12.8915
Jun ’24€11.97
€13.80
+15.3%
13.6%€16.90€11.00€13.4114
May ’24€11.50
€13.80
+20.0%
13.7%€16.90€11.00€12.5514
Apr ’24€11.98
€15.44
+28.9%
9.8%€18.00€13.00€12.8913
Mar ’24€13.58
€15.38
+13.3%
10.7%€18.00€13.00€11.7912
Feb ’24€13.42
€15.46
+15.2%
10.3%€18.00€13.00€11.2511
Jan ’24€13.15
€16.15
+22.8%
13.6%€21.00€14.00€12.5311
Dec ’23€14.20
€16.11
+13.5%
13.0%€21.00€14.00€12.0012

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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