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Metsä Board Oyj (METSB.HE)

EUR2.69 +0.01 (+0.30%)
FI HEL Consumer Cyclical Packaging & Containers
Address Revontulenpuisto 2 A 2100
Espoo, FI
CEO Esa Antero Kaikkonen
IPO 2000-01-03
ISIN FI0009000665

Explore sections of this company profile

Also trades on International Order Book · 0O7A.IL (EUR) NASDAQ Helsinki · METSA.HE (EUR) NASDAQ Helsinki · METSB.HE (EUR)
Description

Metsä Board Oyj is engaged in the manufacturing of folding boxboard, fresh fiber linerboard, and market pulp. The company offers a diverse portfolio of products, including barrier boards, food service boards, and white kraft liners, alongside lightweight paperboards. These materials are utilized in packaging solutions for a broad array of industries, such as consumer goods, electronics, beauty care, tobacco, healthcare, beverages, food service, and graphical applications. With a global operational footprint, Metsä Board serves markets across Europe (including Germany, Italy, Sweden, Turkey, Finland, the United Kingdom, Russia, Spain, France, Poland, Norway, the Netherlands, and Belgium), the Middle East, North America (the United States and Canada), and Asia. Its client base includes brand owners, converters, corrugated box manufacturers, and merchants. Established in 1986, the company operated as M-real Corporation until March 2012, when it officially adopted the name Metsä Board Oyj. Its corporate headquarters are situated in Espoo, Finland.

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
EUR2.69 +0.01 (+0.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
319.8K
Beta
0.35
Float Shares
159.28M
Free Float %
49.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.59% -6.56% -5.94% -11.21% -2.06% -10.38% -18.80% -60.31% -72.00% -40.75% -76.29%
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
2.69
DCF (Levered) 1.51 -43.8%

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 4 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.44
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Packaging & Containers: +2.6%
    -8.4% Q1'26: -18.1% (vs Q1'25)
  • EPS growth Packaging & Containers: +8.0%
    -717.1% Q1'26: -107.0% (vs Q1'25)
  • FCF margin FCF growth · Packaging & Containers: +34.6%
    +7.5% Q1'26: -19.2% (vs Q1'25)
  • EBIT margin Packaging & Containers: +7.0%
    -7.5% Q1'26: -2.2% (vs Q1'25)
  • ROIC Packaging & Containers: +6.2%
    -6.6% Q1'26: -2.0% (vs Q1'25)
  • Share dilution Packaging & Containers: +0.2%
    -0.1% Q1'26: +1.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaging & Containers: 0.83×
    17.53× Q1'26: 1.42× (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 (0.32) × ERP
WACC = 65% × Ke + 35% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 2.69
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
5 Rev. Ana.
3 EPS Ana.
Dec 2027
6 Rev. Ana.
4 EPS Ana.
Dec 2028
6 Rev. Ana.
4 EPS Ana.
Dec 2029
5 Rev. Ana.
2 EPS Ana.
Dec 2030
3 Rev. Ana.
2 EPS Ana.
Revenue
2.01B
est: 2.02B (-0.4%)
1.72B
est: 1.74B (-0.9%)
1.85B
est: 1.85B (-0.1%)
1.94B
est: 1.96B (-0.6%)
1.93B
est: 1.92B (+0.7%)
1.89B
est: 1.89B (+0.0%)
2.08B
est: 2.09B (-0.2%)
2.48B
est: 2.52B (-1.5%)
1.94B
est: 1.90B (+2.2%)
1.94B
est: 1.98B (-2.2%)
1.78B
est: 1.80B (-1.5%)
1.68B
1.60B – 1.77B
-6.7% YoY
1.80B
1.64B – 1.94B
+6.8% YoY
1.88B
1.86B – 1.89B
+4.5% YoY
1.97B
1.84B – 2.10B
+5.1% YoY
1.86B
1.73B – 1.98B
-5.8% YoY
EBITDA
296.70M
est: 284.94M (+4.1%)
221.80M
est: 245.40M (-9.6%)
284.90M
est: 261.37M (+9.0%)
208.70M
est: 276.38M (-24.5%)
233.00M
est: 271.02M (-14.0%)
317.90M
est: 266.89M (+19.1%)
344.90M
est: 295.10M (+16.9%)
448.60M
est: 355.85M (+26.1%)
190.40M
est: 211.53M (-10.0%)
181.90M
est: 220.64M (-17.6%)
32.20M
est: 200.56M (-83.9%)
187.09M
178.44M – 196.45M
-6.7% YoY
199.90M
182.30M – 215.70M
+6.8% YoY
208.95M
207.14M – 210.76M
+4.5% YoY
219.67M
204.73M – 233.98M
+5.1% YoY
206.88M
192.80M – 220.35M
-5.8% YoY
EBIT
193.20M
est: 191.72M (+0.8%)
127.00M
est: 165.12M (-23.1%)
204.80M
est: 175.86M (+16.5%)
242.60M
est: 185.96M (+30.5%)
138.40M
est: 182.36M (-24.1%)
223.40M
est: 179.58M (+24.4%)
259.30M
est: 198.56M (+30.6%)
366.40M
est: 239.44M (+53.0%)
96.60M
est: 107.22M (-9.9%)
68.30M
est: 111.84M (-38.9%)
-133.40M
est: 101.66M (-231.2%)
94.83M
90.45M – 99.58M
-6.7% YoY
101.33M
92.40M – 109.33M
+6.8% YoY
105.91M
104.99M – 106.83M
+4.5% YoY
111.35M
103.77M – 118.60M
+5.1% YoY
104.86M
97.73M – 111.69M
-5.8% YoY
Net Income
137.30M
est: 124.31M (+10.4%)
90.40M
est: 95.00M (-4.8%)
150.50M
est: 134.69M (+11.7%)
203.40M
est: 203.70M (-0.1%)
144.60M
est: 146.64M (-1.4%)
170.10M
est: 164.30M (+3.5%)
292.10M
est: 307.27M (-4.9%)
409.90M
est: 417.10M (-1.7%)
94.80M
est: 11.10M (+754.1%)
25.30M
est: 47.87M (-47.2%)
-156.70M
est: -86.81M (-80.5%)
9.30M
3.74M – 11.23M
+110.7% YoY
85.40M
74.53M – 96.26M
+817.9% YoY
111.45M
86.71M – 113.62M
+30.5% YoY
124.14M
113.16M – 134.66M
+11.4% YoY
— – —
-100.0% YoY
SGA
147.90M
est: 71.27M (+107.5%)
78.00M
est: 61.38M (+27.1%)
76.40M
est: 65.37M (+16.9%)
139.90M
est: 69.12M (+102.4%)
144.20M
est: 67.78M (+112.7%)
128.70M
est: 66.75M (+92.8%)
117.90M
est: 73.81M (+59.7%)
129.00M
est: 89.00M (+44.9%)
est: 76.18M (-100.0%)
est: 79.46M (-100.0%)
163.00M
est: 72.23M (+125.7%)
67.38M
64.27M – 70.75M
-6.7% YoY
71.99M
65.65M – 77.68M
+6.8% YoY
75.25M
74.60M – 75.90M
+4.5% YoY
79.11M
73.73M – 84.27M
+5.1% YoY
74.51M
69.44M – 79.36M
-5.8% YoY
EPS
0.39
est: 0.35 (+11.4%)
0.25
est: 0.27 (-6.6%)
0.42
est: 0.38 (+10.7%)
0.57
est: 0.57 (-0.7%)
0.41
est: 0.41 (-0.7%)
0.48
est: 0.46 (+3.7%)
0.82
est: 0.87 (-5.3%)
1.15
est: 1.17 (-2.1%)
0.27
est: 0.03 (+705.2%)
0.07
est: 0.14 (-47.3%)
-0.44
est: -0.25 (-79.4%)
0.02
0.01 – 0.03
+109.3% YoY
0.24
0.21 – 0.27
+943.8% YoY
0.28
0.24 – 0.32
+19.3% YoY
0.35
0.32 – 0.38
+23.0% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C+ 2/5 3/5 1/5 1/5 3/5 1/5 4/5
2026-05-08 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-07 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-06 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-05 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-04 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-04-30 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-29 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-28 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-27 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-04-24 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-04-23 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-17 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
18.28M
OE per share TTM
0.05
Owner's Yield
1.74%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
52.4%

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 69 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Finland ETF EFNL 0.45% 1.11M 0.53%
2 iShares MSCI EMU Small Cap UCITS ETF CES1.L 0.08% 830.0K 0.58%
3 UBS MSCI EMU Small Cap UCITS ETF EUR dis UEFD.DE 0.07% 548.1K 0.33%
4 State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc ZPRX.DE 0.05% 397.5K 0.30%
5 Schwab Fundamental International Small Company Index ETF FNDC 0.04% 1.17M 0.39%
6 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.03% 981.6K 0.30%
7 iShares MSCI Europe Small-Cap ETF IEUS 0.03% 49.6K 0.41%
8 Schwab International Small-Cap Equity ETF SCHC 0.02% 956.9K 0.06%
9 Avantis International Small Cap Value ETF AVDV 0.02% 2.95M 0.36%
10 Dimensional - International Small Cap ETF DFIS 0.01% 846.3K 0.39%

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
-58.3K
Shares Outstanding
322.35M

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
Esa Antero Kaikkonen Chief Executive Officer 434.3K male
Erja Hyrsky Senior Vice President of Commercial Operations 93.5K female
Eeva Impio-Loimaala General Counsel
Jussi Noponen Executive Vice President of Metsä Wood male
Katri Sundström Vice President of Investor Relations female
Laura Remes Senior Vice President Production and Supply Chain female
Anssi Tammilehto Chief Financial Officer male
Minna Bjorkman Senior VP of Containerboard female
Camilla Wikstrom Senior Vice President of Human Resources female
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