UPM-Kymmene Oyj/€UPM
1D1W1MYTD1Y5YMAX
Capital at risk
About UPM-Kymmene Oyj
UPM-Kymmene Oyj is a Finnish company operating primarily in the bio and forest industry. It focuses on six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, and UPM Plywood. Founded in 1996 through the merger of Kymmene Corporation and Repola Ltd, UPM has its headquarters in Helsinki, Finland. The company leverages a global production and distribution network, though it maintains a significant presence in the Nordic countries. UPM emphasizes sustainable practices and innovation in bio-based materials, positioning itself strategically in bio-economy initiatives.
- Ticker
- €UPM
- Sector
- Materials
- Primary listing
- XHEL
- Employees
- 13,665
- Headquarters
- Helsinki, Finland
- Website
- www.upm.com
UPM-Kymmene Oyj Metrics
BasicAdvanced
€13B
21.55
€1.18
0.22
€1.50
5.88%
Price and volume
Market cap
€13B
Beta
0.22
52-week high
€27.83
52-week low
€21.73
Average daily volume
1.1M
Dividend rate
€1.50
Financial strength
Current ratio
1.621
Quick ratio
0.818
Long term debt to equity
0.354
Total debt to equity
0.376
Dividend payout ratio (TTM)
126.36%
Interest coverage (TTM)
7.94%
Profitability
EBITDA (TTM)
1,260
Gross margin (TTM)
12.18%
Net profit margin (TTM)
6.57%
Operating margin (TTM)
8.42%
Effective tax rate (TTM)
24.71%
Revenue per employee (TTM)
€700,000
Management effectiveness
Return on assets (TTM)
2.78%
Return on equity (TTM)
6.21%
Valuation
Price to earnings (TTM)
21.551
Price to revenue (TTM)
1.413
Price to book
1.35
Price to tangible book (TTM)
1.46
Price to free cash flow (TTM)
17.013
Free cash flow yield (TTM)
5.88%
Free cash flow per share (TTM)
1.5
Dividend yield (TTM)
5.88%
Growth
Revenue change (TTM)
-5.40%
Earnings per share change (TTM)
82.45%
3-year revenue growth (CAGR)
-7.41%
10-year revenue growth (CAGR)
-0.48%
3-year earnings per share growth (CAGR)
-22.64%
10-year earnings per share growth (CAGR)
-4.72%
10-year dividend per share growth (CAGR)
7.18%
Bulls say / Bears say
Q2 2026 comparable EBIT rose 71% year over year to €212 million, lifting H1 comparable EBIT 17% to €471 million; all businesses improved their results versus the prior-year quarter. (UPM H1 2026 report)
UPM signed a definitive agreement with Sappi for a graphic-paper joint venture and progressed the demerger of Plywood into the planned WISA Group. If executed successfully, the transactions could streamline the portfolio and increase exposure to higher-growth, less-cyclical businesses. (UPM H1 2026 report)
Decarbonization solutions are showing momentum: UPM Biofuels reported strong demand and healthy bio-premiums, while the Leuna refinery began delivering industrial sugars and is preparing additional lignin-derivative products. Advanced-materials businesses also reported robust sales growth in Europe and Asia. (UPM H1 2026 report)
H1 2026 sales fell to €4.78 billion from €4.91 billion, while operating cash flow dropped to €225 million from €468 million; net debt reached €3.31 billion and net debt/EBITDA rose to 2.36x. (UPM H1 2026 report)
UPM expects moderately higher variable costs, increased maintenance activity and additional costs from ramping up the Leuna biochemicals refinery in H2 2026. Lower forest-asset fair-value gains and smaller energy-refund benefits may also reduce earnings support versus 2025. (UPM results center)
The Finnish Fibres North platform remains challenged, with low profitability and possible temporary shutdowns at Kaukas and Pietarsaari; UPM also faces continued uncertainty from geopolitics, trade and the EU merger review of its graphic-paper joint venture. (UPM H1 2026 report)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
Upcoming events
Funds containing UPM-Kymmene Oyj
AllEURGBPUSD
Fund name | Fund size | €UPM weighting |
|---|---|---|
iShares STOXX Europe 600 Basic Resources€EXV6 | €563M | 3.89% |
SPDR S&P Euro Dividend Aristocrats€EUDV | €1.8B | 3.61% |
SPDR S&P Euro Dividend Aristocrats£EUDV | £1.6B | 3.61% |
iShares Dow Jones Eurozone Sustainability Screened€EXXV | €217M | 0.54% |
SPDR MSCI World Materials€WMAT | €198M | 0.51% |
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