UPM-Kymmene Oyj

LSE:0NV5 Stock Report

Market Cap: €13.8b

UPM-Kymmene Oyj Valuation

Is 0NV5 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 0NV5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0NV5 (€25.9) is trading below our estimate of fair value (€43.78)

Significantly Below Fair Value: 0NV5 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0NV5?

Key metric: As 0NV5 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0NV5. This is calculated by dividing 0NV5's market cap by their current earnings.
What is 0NV5's PE Ratio?
PE Ratio19.9x
Earnings€695.00m
Market Cap€13.81b

Price to Earnings Ratio vs Peers

How does 0NV5's PE Ratio compare to its peers?

The above table shows the PE ratio for 0NV5 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.1x
MNDI Mondi
16.3x15.8%UK£5.3b
SMDS DS Smith
21.2x8.3%UK£8.2b
ANTO Antofagasta
27.1x18.3%UK£16.5b
FRES Fresnillo
23.6x33.0%UK£4.7b
0NV5 UPM-Kymmene Oyj
19.9x22.5%€13.8b

Price-To-Earnings vs Peers: 0NV5 is good value based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (22.1x).

Price to Earnings Ratio vs Industry

How does 0NV5's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0NV5 19.9xIndustry Avg. 10.1xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NV5 is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the European Forestry industry average (10.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0NV5'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.

0NV5 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ratio22.1x

Price-To-Earnings vs Fair Ratio: 0NV5 is good value based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (22.1x).

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 0NV5 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€25.90
€32.78
+26.6%
13.3%€43.50€27.00n/a16
Nov ’25€27.01
€33.39
+23.6%
12.2%€43.50€27.00n/a16
Oct ’25€29.99
€34.95
+16.5%
11.7%€45.00€28.00n/a16
Sep ’25€30.54
€35.92
+17.6%
11.1%€45.00€28.00n/a16
Aug ’25€30.36
€36.33
+19.6%
11.0%€45.00€28.00n/a16
Jul ’25€32.75
€36.65
+11.9%
10.1%€45.00€28.00n/a14
Jun ’25€35.06
€36.51
+4.1%
10.1%€45.00€28.00n/a14
May ’25€32.92
€36.09
+9.6%
10.9%€45.00€28.00n/a14
Apr ’25€30.86
€34.17
+10.7%
12.6%€44.00€25.00n/a14
Mar ’25€30.94
€34.06
+10.1%
12.5%€44.00€26.00n/a14
Feb ’25€31.43
€37.18
+18.3%
11.7%€44.00€30.00n/a14
Jan ’25€34.13
€36.37
+6.6%
13.2%€47.00€28.00n/a14
Dec ’24€32.64
€36.46
+11.7%
12.7%€47.00€28.00n/a15
Nov ’24€32.34
€36.42
+12.6%
12.4%€47.00€28.00€27.0115
Oct ’24€32.42
€34.83
+7.4%
14.0%€44.00€26.00€29.9915
Sep ’24€31.67
€34.15
+7.8%
14.9%€44.00€26.00€30.5415
Aug ’24€30.12
€34.03
+13.0%
14.2%€42.00€26.00€30.3615
Jul ’24€27.27
€35.03
+28.5%
15.3%€45.00€25.00€32.7515
Jun ’24€28.06
€34.54
+23.1%
16.5%€45.00€25.00€35.0615
May ’24€28.99
€35.98
+24.1%
16.4%€45.00€27.00€32.9215
Apr ’24€30.95
€37.32
+20.6%
16.4%€48.00€27.00€30.8614
Mar ’24€35.17
€37.80
+7.5%
16.1%€48.00€27.00€30.9413
Feb ’24€33.85
€37.75
+11.5%
16.2%€46.00€27.00€31.4311
Jan ’24€35.20
€37.76
+7.3%
17.0%€45.00€27.00€34.1311
Dec ’23€34.71
€37.95
+9.3%
16.2%€45.00€27.00€32.6412
Nov ’23€34.59
€37.95
+9.7%
16.2%€45.00€27.00€32.3412

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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