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Arctic Paper S.A. (ATC.WA)

PLN6.12 -0.12 (-1.92%)
PL WSE Basic Materials Paper, Lumber & Forest Products
Address ul. Fabryczna 1 66-470
Kostrzyn nad Odra, SL, PL
CEO Michal Piotr Jarczynski
IPO 2010-02-22
ISIN PLARTPR00012

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Also trades on Stockholm Stock Exchange · ARP.ST (SEK) Warsaw Stock Exchange · ATC.WA (PLN)
Description

Arctic Paper S.A., together with its subsidiaries, produces and sells paper products for printing houses, paper distributors, book and magazine publishing houses, and the advertising industries. It operates through Paper and Pulp segments. The Paper segment provides uncoated and coated papers, uncoated wood-free and wood paper, and coated paper–wood-free paper for printing and other graphic purposes. The Pulp segment offers bleached sulphate pulp and unbleached sulphate pulp to produce printing and writing papers, cardboard, toilet paper and white packaging paper; and chemi-thermo mechanical and groundwood pulp. In addition, the company generates, transmits, and distributes electricity; produces and distributes heat; distributes paper and pulp; rents properties, and machines and equipment; and produces hydropower and food packaging products, as well as provides trading, logistics, and procurement bureau services. It markets its products under the Munken, G-Print and Arctic, and Amber brands. Arctic Paper S.A. operates in Poland, Germany, France, the United Kingdom, Scandinavia, other Western Europe, Central and Eastern Europe, and internationally. The company was founded in 1740 and is headquartered in Kostrzyn nad Odra, Poland. Arctic Paper S.A. is a subsidiary of Nemus Holding AB.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
PLN6.12 -0.12 (-1.92%)
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Volume Profile
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Liquidity & share structure
Average Volume
45.7K
Beta
-0.20
Float Shares
21.99M
Free Float %
31.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.00% -4.28% -26.33% -29.79% -28.06% -31.93% -54.39% -73.90% -8.06% +16.40% -62.21%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6.12
DCF (Unlevered) 14.14 +131.1%
DCF (Levered) 8.40 +37.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 2 0
Sell 0 -1
Strong Sell 0 0
Quality scores
Altman Z-Score
1.45
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Paper, Lumber & Forest Products: +0.4%
    -6.9% Q1'26: -1.1% (vs Q1'25)
  • EPS growth Paper, Lumber & Forest Products: -12.0%
    -164.6% Q1'26: -63.2% (vs Q1'25)
  • FCF margin FCF growth · Paper, Lumber & Forest Products: +37.3%
    -1.8% Q1'26: -10.9% (vs Q1'25)
  • EBIT margin Paper, Lumber & Forest Products: +5.4%
    -6.7% Q1'26: -6.2% (vs Q1'25)
  • ROIC Paper, Lumber & Forest Products: +2.9%
    -11.7% Q1'26: -9.5% (vs Q1'25)
  • Share dilution Paper, Lumber & Forest Products: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Paper, Lumber & Forest Products: 0.66×
    -15.08× Q1'26: -6.40× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.16) × ERP
WACC = 61% × Ke + 39% × Kd (9.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 14.05 Current price: 6.12
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
1 EPS Ana.
Dec 2028
2 Rev. Ana.
1 EPS Ana.
Revenue
2.90B
est: 3.03B (-4.2%)
2.97B
est: 2.89B (+2.6%)
2.95B
est: 2.96B (-0.2%)
3.16B
est: 3.26B (-3.2%)
3.12B
est: 3.09B (+0.8%)
2.85B
est: 2.73B (+4.4%)
3.41B
est: 3.33B (+2.4%)
4.89B
est: 5.04B (-3.0%)
3.55B
est: 3.49B (+1.8%)
3.43B
est: 3.46B (-0.8%)
3.20B
est: 3.21B (-0.3%)
3.33B
3.26B – 3.41B
+4.0% YoY
3.35B
3.30B – 3.40B
+0.5% YoY
3.38B
3.32B – 3.44B
+1.0% YoY
EBITDA
213.07M
est: 384.30M (-44.6%)
232.03M
est: 366.92M (-36.8%)
221.87M
est: 375.50M (-40.9%)
206.94M
est: 413.83M (-50.0%)
269.21M
est: 392.21M (-31.4%)
255.28M
est: 346.20M (-26.3%)
358.08M
est: 422.84M (-15.3%)
1.06B
est: 639.96M (+65.8%)
466.26M
est: 375.74M (+24.1%)
314.93M
est: 373.10M (-15.6%)
-18.20M
est: 345.74M (-105.3%)
359.45M
351.10M – 367.80M
+4.0% YoY
361.15M
356.16M – 366.15M
+0.5% YoY
364.60M
357.92M – 371.29M
+1.0% YoY
EBIT
94.02M
est: 283.86M (-66.9%)
131.52M
est: 271.03M (-51.5%)
108.59M
est: 277.37M (-60.9%)
114.15M
est: 305.68M (-62.7%)
182.60M
est: 289.71M (-37.0%)
142.15M
est: 255.73M (-44.4%)
242.18M
est: 312.33M (-22.5%)
934.18M
est: 472.71M (+97.6%)
348.02M
est: 245.51M (+41.8%)
200.63M
est: 243.79M (-17.7%)
-212.49M
est: 225.91M (-194.1%)
234.87M
229.42M – 240.32M
+4.0% YoY
235.98M
232.72M – 239.25M
+0.5% YoY
238.24M
233.87M – 242.60M
+1.0% YoY
Net Income
-71.26M
est: -45.40M (-57.0%)
39.95M
est: 44.37M (-10.0%)
36.72M
est: 159.36M (-77.0%)
7.67M
est: 55.43M (-86.2%)
124.68M
est: 76.22M (+63.6%)
111.07M
est: 194.01M (-42.7%)
175.91M
est: 214.79M (-18.1%)
631.00M
est: 690.29M (-8.6%)
247.13M
est: 199.92M (+23.6%)
154.46M
est: 158.54M (-2.6%)
-99.68M
est: -73.45M (-35.7%)
-26.33M
-26.96M – -25.70M
+64.2% YoY
37.42M
36.52M – 38.31M
+242.1% YoY
50.58M
49.37M – 51.79M
+35.2% YoY
SGA
329.89M
est: 408.98M (-19.3%)
320.03M
est: 390.49M (-18.0%)
440.76M
est: 399.62M (+10.3%)
434.38M
est: 440.41M (-1.4%)
418.74M
est: 417.40M (+0.3%)
412.87M
est: 368.44M (+12.1%)
484.37M
est: 450.00M (+7.6%)
583.96M
est: 681.07M (-14.3%)
465.05M
est: 467.40M (-0.5%)
473.46M
est: 464.12M (+2.0%)
448.97M
est: 430.08M (+4.4%)
447.14M
436.76M – 457.52M
+4.0% YoY
449.26M
443.04M – 455.48M
+0.5% YoY
453.55M
445.24M – 461.87M
+1.0% YoY
EPS
-1.03
est: -0.66 (-57.2%)
0.69
est: 0.64 (+7.8%)
0.53
est: 2.30 (-77.0%)
0.11
est: 0.80 (-86.3%)
1.80
est: 1.10 (+63.6%)
1.60
est: 2.80 (-42.9%)
2.54
est: 3.10 (-18.1%)
9.11
est: 9.95 (-8.4%)
3.57
est: 2.89 (+23.6%)
2.23
est: 2.29 (-2.5%)
-1.44
est: -1.06 (-35.8%)
-0.38
-0.39 – -0.37
+64.2% YoY
0.54
0.53 – 0.55
+242.1% YoY
0.73
0.71 – 0.75
+35.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-05-08 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-05-07 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-05-06 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-05-05 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-05-04 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-30 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-29 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-28 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-27 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-22 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-21 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-20 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-17 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-16 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-262.55M
OE per share TTM
-3.79
Owner's Yield
-62.22%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
34.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 3 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 43.4K 0.39%
2 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 33.9K 0.28%
3 State Street SPDR Portfolio Europe ETF SPEU 0.00% 1.1K 0.07%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-141.7K
Shares Outstanding
69.29M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Michal Piotr Jarczynski President of Management Board & Chief Executive Officer 3M male
Wolfgang Lübbert Executive Vice President Strategy & Sustainability 2M male
Jacek Los Executive Vice President of Procurement 1M male
Katarzyna Wojtkowiak Chief Financial Officer, Chief Accountant, Group Treasury & Member of Management Board 1M female
Fabian Langenskiöld Executive Vice President of Sales & Marketing and Member of Management Board 23.5K male
Kent Blom Managing Director of Arctic Paper Munkedals AB & Arctic Paper Grycksbo AB
Mats Frostne Group HR & Communications Director
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits