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 (€9.38) is trading above our estimate of fair value (€7.12)

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€7.40b

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%€13.7b
HUH1V Huhtamäki Oyj
0.9x4.3%€3.5b
KEMIRA Kemira Oyj
1x1.4%€2.9b
METSB Metsä Board Oyj
0.8x7.6%€1.5b
STERV Stora Enso Oyj
0.8x6.0%€7.4b

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€9.38
€13.11
+39.7%
12.9%€17.40€9.80n/a15
Dec ’25€9.19
€13.28
+44.5%
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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 10:42
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Stora Enso Oyj is covered by 38 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin MelbyeABG Sundal Collier
Varun SikkaAlphaValue
Pierre-Yves GauthierAlphaValue