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Holmen AB (publ)OM:HOLM B Stock Report

Market Cap SEK 47.0b
Share Price
SEK 305.20
SEK 355.29
14.1% undervalued intrinsic discount
1Y-25.8%
7D-1.2%
Portfolio Value
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Holmen AB (publ)

OM:HOLM B Stock Report

Market Cap: SEK 47.0b

Holmen (HOLM B) Stock Overview

Engages in the forest, paperboard, paper, wood products, and renewable energy businesses in Sweden and internationally. More details

HOLM B fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends4/6

HOLM B Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Holmen AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Holmen
Historical stock prices
Current Share PriceSEK 305.20
52 Week HighSEK 426.40
52 Week LowSEK 301.40
Beta0.24
1 Month Change-8.73%
3 Month Change-15.22%
1 Year Change-25.81%
3 Year Change-25.99%
5 Year Change-22.38%
Change since IPO559.89%

Recent News & Updates

Analysis Article May 06

Why Holmen's (STO:HOLM B) Shaky Earnings Are Just The Beginning Of Its Problems

A lackluster earnings announcement from Holmen AB (publ) ( STO:HOLM B ) last week didn't sink the stock price. Our...
Analysis Article May 01

Earnings Miss: Holmen AB (publ) Missed EPS By 16% And Analysts Are Revising Their Forecasts

It's shaping up to be a tough period for Holmen AB (publ) ( STO:HOLM B ), which a week ago released some disappointing...
Narrative Update Apr 22

HOLM B: Dividend Stability And Slightly Lower P E Assumptions Will Shape Returns

Analysts have trimmed their Holmen price targets, with the consensus fair value estimate moving from about SEK 362.63 to SEK 355.29. This reflects recent SEK 8 and SEK 7 target cuts from Citi and JPMorgan, as well as updated views on discount rates, revenue growth, profit margins and future P/E.
Narrative Update Apr 08

HOLM B: Dividend And Slightly Lower P E Assumptions Will Guide Future Returns

Holmen's analyst price target has been trimmed slightly, with recent cuts of SEK 7 at JPMorgan and to SEK 330 from SEK 335 at Morgan Stanley, as analysts factor in updated assumptions on revenue growth, margins and future P/E. Analyst Commentary Recent research updates point to a slightly more cautious tone on Holmen, with price targets trimmed at both JPMorgan and Morgan Stanley as assumptions on revenue growth, margins and future P/E are refreshed.

Recent updates

Analysis Article May 06

Why Holmen's (STO:HOLM B) Shaky Earnings Are Just The Beginning Of Its Problems

A lackluster earnings announcement from Holmen AB (publ) ( STO:HOLM B ) last week didn't sink the stock price. Our...
Analysis Article May 01

Earnings Miss: Holmen AB (publ) Missed EPS By 16% And Analysts Are Revising Their Forecasts

It's shaping up to be a tough period for Holmen AB (publ) ( STO:HOLM B ), which a week ago released some disappointing...
Narrative Update Apr 22

HOLM B: Dividend Stability And Slightly Lower P E Assumptions Will Shape Returns

Analysts have trimmed their Holmen price targets, with the consensus fair value estimate moving from about SEK 362.63 to SEK 355.29. This reflects recent SEK 8 and SEK 7 target cuts from Citi and JPMorgan, as well as updated views on discount rates, revenue growth, profit margins and future P/E.
Narrative Update Apr 08

HOLM B: Dividend And Slightly Lower P E Assumptions Will Guide Future Returns

Holmen's analyst price target has been trimmed slightly, with recent cuts of SEK 7 at JPMorgan and to SEK 330 from SEK 335 at Morgan Stanley, as analysts factor in updated assumptions on revenue growth, margins and future P/E. Analyst Commentary Recent research updates point to a slightly more cautious tone on Holmen, with price targets trimmed at both JPMorgan and Morgan Stanley as assumptions on revenue growth, margins and future P/E are refreshed.
Narrative Update Mar 24

HOLM B: Dividend Proposal And Mixed P E Expectations Will Shape Future Share Performance

Holmen's analyst fair value estimate has edged up from SEK 354 to SEK 362, as analysts factor in slightly adjusted discount rate assumptions, a revised revenue growth profile, and a modestly higher projected profit margin and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts are comfortable with a fair value estimate that sits above the SEK 330 to SEK 335 price targets cited in recent research, which implies some confidence in execution against the revised growth and margin profile used in the valuation model.
Narrative Update Mar 10

HOLM B: Dividend Proposal And Refined Earnings Assumptions Will Help Steady Share Performance

Narrative Update on Holmen The analyst price target for Holmen has been trimmed by about SEK 7 to SEK 354, with analysts pointing to updated assumptions around discount rates, revenue growth, profit margins and future P/E to support the change. Analyst Commentary Recent research updates on Holmen focus primarily on valuation resets, with price targets adjusted to reflect updated assumptions on discount rates, revenue expectations, profit margins and future P/E levels.
Narrative Update Feb 24

HOLM B: Softer Outlook And Higher Dividend Are Expected To Balance Share Performance

Analysts have trimmed their price targets for Holmen by about SEK 7 to SEK 330. This reflects slightly softer assumptions on revenue growth and profit margins, while keeping valuation multiples like future P/E broadly in line with prior views.
Narrative Update Feb 10

HOLM B: Trimmed Outlook And Dividend Plans Will Shape Future Share Performance

Holmen's updated analyst price target has been trimmed by about SEK 4, as analysts factor in slightly higher discount rates, along with adjusted assumptions for revenue growth, profit margins and future P/E levels. Analyst Commentary Bullish Takeaways Bullish analysts still see value support at current levels, even with price targets being trimmed.
Analysis Article Feb 04

Holmen AB (publ) (STO:HOLM B) Just Released Its Full-Year Earnings: Here's What Analysts Think

Holmen AB (publ) ( STO:HOLM B ) shareholders are probably feeling a little disappointed, since its shares fell 2.0% to...
Narrative Update Jan 26

HOLM B: Fine Tuned Expectations And Mixed Research Views Will Guide Future Performance

Analysts have trimmed their average price target for Holmen by about SEK 3 to roughly SEK 360. This reflects updated assumptions around revenue growth, margins and future P/E, while some recent Street research has moved individual targets, such as a cut to SEK 330.
Analysis Article Jan 17

Investors Don't See Light At End Of Holmen AB (publ)'s (STO:HOLM B) Tunnel

With a price-to-earnings (or "P/E") ratio of 19.2x Holmen AB (publ) ( STO:HOLM B ) may be sending bullish signals at...
Narrative Update Jan 11

HOLM B: Share Buybacks And Mixed Research Views Will Shape Future Performance

Holmen's updated fair value estimate has edged to SEK 363.0, a change of SEK 1.11, as analysts factor in slightly adjusted discount rate, revenue growth, profit margin and P/E assumptions alongside recent Street target trims to SEK 330 and SEK 379. Analyst Commentary Recent Street research has nudged Holmen's price targets lower, with one cut to SEK 330 and another to SEK 379.
Narrative Update Dec 14

HOLM B: Share Buybacks And Efficiency Execution Will Shape Future Performance

Analysts have nudged down their price target on Holmen by SEK 20 to SEK 379, reflecting slightly lower long term revenue growth and margin expectations, despite broadly stable valuation multiples. Analyst Commentary Analysts highlight a balanced risk reward profile for Holmen, with the modest price target cut reflecting tempered growth and margin assumptions rather than a fundamental shift in the investment case.
Narrative Update Nov 30

HOLM B: Share Buybacks And Market Caution Will Influence Performance Ahead

Holmen's analyst price target has been adjusted downward by approximately SEK 2.78 to reflect updated market assumptions and more cautious revenue growth projections, according to recent analyst commentary. Analyst Commentary Recent analyst commentary reflects a nuanced outlook on Holmen, as price targets were adjusted downward while maintaining neutral or underweight ratings.
Analysis Article Nov 19

These 4 Measures Indicate That Holmen (STO:HOLM B) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update Nov 16

HOLM B: Share Buyback Completion And Market Volatility Will Shape Outlook

Narrative Update on Holmen Analysts have slightly reduced their fair value estimate for Holmen to SEK 369.22. This change reflects recent price target downgrades driven by more cautious near-term growth expectations.
Narrative Update Nov 01

HOLM B: Margin Pressures And Market Adaptation Will Define Coming Performance

Holmen’s fair value estimate was revised downward from SEK 384.44 to SEK 369.33. Analysts cite moderating revenue growth and margin pressures, as reflected in recent price target adjustments by major institutions.
Analysis Article Oct 31

Holmen's (STO:HOLM B) Shareholders May Want To Dig Deeper Than Statutory Profit

Holmen AB (publ)'s ( STO:HOLM B ) robust recent earnings didn't do much to move the stock. However the statutory profit...
Analysis Article Oct 28

Holmen AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Holmen AB (publ) ( STO:HOLM B ) last week reported its latest quarterly results, which makes it a good time for...
Narrative Update Oct 18

Renewable Materials And Process Automation Will Shape Future Trends

Narrative Update on Holmen Holmen's analyst price target has decreased slightly, moving from SEK 387.22 to SEK 384.44. Analysts cite recent reductions in future revenue growth estimates and a higher discount rate, along with nuanced, cautious commentary from multiple firms.
Narrative Update Oct 04

Renewable Materials And Process Automation Will Shape Future Trends

Analysts have reduced their fair value target for Holmen from SEK 398.13 to SEK 387.22. They cite lower profit margin expectations and modest revenue growth updates as key factors for the adjustment.
Analysis Article Sep 25

What Holmen AB (publ)'s (STO:HOLM B) P/E Is Not Telling You

With a median price-to-earnings (or "P/E") ratio of close to 23x in Sweden, you could be forgiven for feeling...
Narrative Update Sep 06

Renewable Materials And Process Automation Will Shape Future Trends

With both Holmen’s discount rate and future P/E remaining virtually flat, the consensus analyst price target for Holmen also remained unchanged at SEK398.12. What's in the News Holmen completed the repurchase of 7,520,887 shares (4.72% of share capital) for SEK 3,071.2 million under its buyback program, including 1,823,238 shares repurchased for SEK 743.88 million between April 1, 2025 and June 30, 2025.
Analysis Article Aug 17

Holmen AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

OM:HOLM B 1 Year Share Price vs Fair Value Explore Holmen's Fair Values from the Community and select yours As you...
Analysis Article Aug 13

We Think Holmen (STO:HOLM B) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jul 29

Returns At Holmen (STO:HOLM B) Are On The Way Up

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Analysis Article Jul 14

Is Holmen AB (publ) (STO:HOLM B) Expensive For A Reason? A Look At Its Intrinsic Value

Key Insights The projected fair value for Holmen is kr306 based on 2 Stage Free Cash Flow to Equity Holmen's kr377...
Analysis Article Jun 13

Investor Optimism Abounds Holmen AB (publ) (STO:HOLM B) But Growth Is Lacking

It's not a stretch to say that Holmen AB (publ)'s ( STO:HOLM B ) price-to-earnings (or "P/E") ratio of 21.1x right now...
User avatar
New Narrative Dec 05

Renewable Energy Upside And Packaging Shift At Braviken Mill Set To Boost Earnings

Strategic investments in higher-value products and niche markets could enhance margins and stabilize pricing power over time.

Shareholder Returns

HOLM BSE ForestrySE Market
7D-1.2%-1.3%-1.6%
1Y-25.8%-11.0%7.2%

Return vs Industry: HOLM B underperformed the Swedish Forestry industry which returned -11% over the past year.

Return vs Market: HOLM B underperformed the Swedish Market which returned 7.2% over the past year.

Price Volatility

Is HOLM B's price volatile compared to industry and market?
HOLM B volatility
HOLM B Average Weekly Movement2.5%
Forestry Industry Average Movement4.2%
Market Average Movement6.3%
10% most volatile stocks in SE Market13.3%
10% least volatile stocks in SE Market3.7%

Stable Share Price: HOLM B has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: HOLM B's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
16093,500Henrik Sjolundwww.holmen.com

Holmen AB (publ) engages in the forest, paperboard, paper, wood products, and renewable energy businesses in Sweden and internationally. The company operates through Forest, Renewable Energy, Wood Products, and Board and Paper segments. Its Forest segment offers logs, pulpwood, and biofuel to sawmills, pulp mills, and board and paper mills.

Holmen AB (publ) Fundamentals Summary

How do Holmen's earnings and revenue compare to its market cap?
HOLM B fundamental statistics
Market capSEK 47.00b
Earnings (TTM)SEK 2.75b
Revenue (TTM)SEK 22.31b
17.1x
P/E Ratio
2.1x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HOLM B income statement (TTM)
RevenueSEK 22.31b
Cost of RevenueSEK 11.79b
Gross ProfitSEK 10.52b
Other ExpensesSEK 7.77b
EarningsSEK 2.75b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 19, 2026

Earnings per share (EPS)17.89
Gross Margin47.15%
Net Profit Margin12.31%
Debt/Equity Ratio10.7%

How did HOLM B perform over the long term?

See historical performance and comparison

Dividends

3.1%
Current Dividend Yield
54%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 17:47
End of Day Share Price 2026/05/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Holmen AB (publ) is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Pallav MittalBarclays
Ross GilardiBofA Global Research