Metsä Board Oyj

BATS-CHIXE:METSBH Stock Report

Market Cap: €1.7b

Metsä Board Oyj Valuation

Is METSBH 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: METSBH (€4.74) is trading below our estimate of fair value (€13.85)

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

Key Valuation Metric

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

Key metric: As METSBH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for METSBH. This is calculated by dividing METSBH's market cap by their current earnings.
What is METSBH's PE Ratio?
PE Ratio45.6x
Earnings€35.10m
Market Cap€1.66b

Price to Earnings Ratio vs Peers

How does METSBH's PE Ratio compare to its peers?

The above table shows the PE ratio for METSBH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.3x
SMDS DS Smith
21.2x8.3%UK£8.2b
RBN Robinson
32.5x74.1%UK£17.6m
HOC Hochschild Mining
46.9x52.9%UK£1.1b
EVR EVRAZ
0.4xn/aUK£1.2b
METSBH Metsä Board Oyj
45.6x53.0%€1.7b

Price-To-Earnings vs Peers: METSBH is expensive based on its Price-To-Earnings Ratio (45.6x) compared to the peer average (33.6x).

Price to Earnings Ratio vs Industry

How does METSBH's PE Ratio compare vs other companies in the European Packaging Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: METSBH is expensive based on its Price-To-Earnings Ratio (45.6x) compared to the European Packaging industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

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

METSBH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate METSBH's Price-To-Earnings Fair Ratio for valuation analysis.

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 METSBH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€5.71
0%
8.4%€6.40€5.10n/a5
Nov ’25€4.91
€5.95
+21.1%
15.0%€7.60€5.10n/a5
Oct ’25n/a
€7.43
0%
18.8%€10.00€5.90n/a5
Sep ’25n/a
€7.55
0%
18.1%€10.00€5.90n/a5
Aug ’25n/a
€8.08
0%
15.1%€10.00€6.90n/a5
Jul ’25n/a
€8.36
0%
17.8%€11.00€6.90n/a5
Jun ’25n/a
€8.36
0%
17.8%€11.00€6.90n/a5
May ’25n/a
€7.66
0%
9.7%€8.70€6.70n/a5
Apr ’25n/a
€7.44
0%
13.3%€8.70€6.10n/a5
Mar ’25n/a
€7.30
0%
12.6%€8.70€6.10n/a5
Feb ’25n/a
€7.51
0%
12.4%€9.00€6.10n/a5
Jan ’25n/a
€7.51
0%
13.2%€9.20€6.10n/a5
Dec ’24n/a
€7.81
0%
14.8%€9.20€6.10n/a5
Nov ’24€6.44
€7.87
+22.3%
15.7%€9.50€6.10€4.915
Oct ’24n/a
€8.13
0%
12.2%€9.50€6.90n/a5
Sep ’24n/a
€8.13
0%
12.2%€9.50€6.90n/a5
Aug ’24n/a
€8.13
0%
14.2%€9.80€6.60n/a5
Jul ’24n/a
€8.38
0%
13.8%€9.80€6.60n/a5
Jun ’24€7.38
€7.88
+6.8%
12.2%€9.00€6.60n/a5
May ’24€6.38
€8.08
+26.6%
11.4%€9.00€6.60n/a5
Apr ’24n/a
€9.60
0%
15.3%€12.00€7.80n/a6
Mar ’24€8.44
€9.68
+14.7%
15.3%€12.00€7.80n/a6
Feb ’24€8.42
€10.32
+22.5%
20.4%€14.00€7.80n/a6
Jan ’24n/a
€10.32
0%
20.4%€14.00€7.80n/a6
Dec ’23€8.68
€10.20
+17.6%
22.1%€14.00€7.10n/a6
Nov ’23€7.76
€10.20
+31.4%
22.1%€14.00€7.10€6.446

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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