UPM-Kymmene Oyj
Research UPM-Kymmene Oyj (UPM) on Bullrun: valuation model: 10.5% undervalued, market cap EUR 12.57B, P/E 20.2, dividend yield 6.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerUPM
- ExchangeHE
- CountryFinland
- SectorBasic Materials
- IndustryPaper & Paper Products
- CurrencyEUR
- Valuation signal10.5% undervalued
- Market capEUR 12.57B
- P/E20.2
- Dividend yield6.3%
- Financial periodQ2 2026
- RevenueEUR 2.36B
- Net incomeEUR 158.00M
- Free cash flowEUR 52.00M
- Gross margin12.0%
Valuation Snapshot
Bullrun's latest valuation model marks UPM-Kymmene Oyj as 10.5% undervalued; latest market cap is EUR 12.57B; P/E is 20.2; dividend yield is 6.3%.
Peer valuation comparison
Latest P/E is 20.2x versus a Basic Materials sector median of 17.36x (16.4% above).
Latest dividend yield is 6.25% versus a Basic Materials sector median of 2.19% (185.4% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | EUR 9.66B | EUR 479.00M | n/a | 11.8% | n/a | EUR 715.00M | EUR 3.68B | EUR 10.00B |
| FY2024 | EUR 10.34B | EUR 436.00M | n/a | 15.9% | n/a | EUR 892.00M | EUR 3.81B | EUR 11.14B |
| FY2023 | EUR 10.46B | EUR 388.00M | n/a | 10.9% | n/a | EUR 632.00M | n/a | n/a |
| FY2022 | EUR 11.72B | EUR 1.53B | n/a | 19.2% | n/a | EUR 2.07B | n/a | n/a |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-28 | EUR 12.57B | 20.2 | 6.3% | 1.5 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.5 EUR, yield 6.3%.
About UPM-Kymmene Oyj
UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry worldwide. It operates through UPM Fibres, UPM Energy, UPM Adhesive Materials, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company offers softwood, birch, and eucalyptus pulp for tissue, specialty papers, packaging papers, graphic papers, and board; sawn timber for joinery, packaging, furniture, planning, and construction industries;
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Frequently asked questions
Is UPM-Kymmene Oyj overvalued or undervalued?
Bullrun's valuation model currently marks UPM-Kymmene Oyj as 10.5% undervalued.
What is UPM-Kymmene Oyj's market cap?
UPM-Kymmene Oyj's market capitalization is EUR 12.57B.
What is UPM-Kymmene Oyj's P/E ratio?
UPM-Kymmene Oyj's price-to-earnings (P/E) ratio is 20.2.
Does UPM-Kymmene Oyj pay a dividend?
UPM-Kymmene Oyj has a dividend yield of 6.3%.
What does UPM-Kymmene Oyj do?
UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry worldwide. It operates through UPM Fibres, UPM Energy, UPM Adhesive Materials, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company offers softwood, birch, and eucalyptus pulp for tissue, specialty papers, packaging papers, graphic papers, and board; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry.