Home / UPM.HE : HEL

AI Analysis Fundamentals Valuation Video Analysis Similar

AI Analysis

How does UPM.HE make money? Does UPM.HE have pricing power? What's the Earnings Whisper? Will UPM.HE profit more as the business scales? What is UPM.HE's management track record? Is UPM.HE's current price justified?

UPM-Kymmene Oyj

€25.99 +$0.85 (+3.38%)

HEL · 16 Sep 2026 08:06 UTC

Previous Close

€26.07

Day Range

€25.94€26.2

Year Range

€21.72€27.94

Market Cap

13.71B

AVG Volume

1.2M

Trailing/Forward PE

21.83/13.87

PEG ratio

0.73

Dividend Yield

5.77%

Next Earnings Date

2026-10-28

Primary Exchange

NASDAQ Helsinki

Revenue (EUR)

UPM.HE Revenue (EUR) by quarter
Period	Revenue (EUR)
26 Q2	2.35B
26 Q1	2.5B
25 Q4	2.31B
25 Q3	2.3B
25 Q2	2.4B
25 Q1	2.65B
24 Q4	2.63B
24 Q3	2.52B
24 Q2	2.55B
24 Q1	2.64B

Net Income (EUR)

UPM.HE Net Income (EUR) by quarter
Period	Net Income (EUR)
26 Q2	158M
26 Q1	194M
25 Q4	257M
25 Q3	16M
25 Q2	70M
25 Q1	137M
24 Q4	-99M
24 Q3	237M
24 Q2	26M
24 Q1	272M

Operating Income (EUR)

UPM.HE Operating Income (EUR) by quarter
Period	Operating Income (EUR)
26 Q2	207M
26 Q1	255M
25 Q4	2M
25 Q3	125M
25 Q2	107M
25 Q1	198M
24 Q4	-105M
24 Q3	305M
24 Q2	199M
24 Q1	343M

EBITDA (EUR)

UPM.HE EBITDA (EUR) by quarter
Period	EBITDA (EUR)
26 Q2	328M
26 Q1	379M
25 Q4	614M
25 Q3	179M
25 Q2	242M
25 Q1	352M
24 Q4	557M
24 Q3	434M
24 Q2	201M
24 Q1	500M

Cash Flows (EUR)

UPM.HE Cash Flows (EUR) by quarter
Period	Cash Flows (EUR)
26 Q2	52M
26 Q1	8M
25 Q4	604M
25 Q3	127M
25 Q2	45M
25 Q1	201M
24 Q4	427M
24 Q3	116M
24 Q2	14M
24 Q1	198M

EPS (EUR)

UPM.HE EPS (EUR) by quarter
Period	EPS (EUR)
26 Q2	0.3
26 Q1	0.37
25 Q4	0.49
25 Q3	0.03
25 Q2	0.13
25 Q1	0.26
24 Q4	-0.19
24 Q3	0.44
24 Q2	0.05
24 Q1	0.51

Expenses (EUR)

UPM.HE Expenses (EUR) by quarter
Period	Expenses (EUR)
26 Q2	84M
26 Q1	81M
25 Q4	116M
25 Q3	90M
25 Q2	134M
25 Q1	88M
24 Q4	143M
24 Q3	126M
24 Q2	190M
24 Q1	137M

Cash & Debt (EUR)

UPM.HE Cash & Debt (EUR) by quarter
Period	Cash & Debt (EUR)
26 Q2	504M
26 Q1	770M
25 Q4	716M
25 Q3	577M
25 Q2	740M
25 Q1	848M
24 Q4	893M
24 Q3	987M
24 Q2	603M
24 Q1	766M

Debt ratios

UPM.HE Debt ratios by quarter
Period	Debt ratios
26 Q2	2.24
26 Q1	2.11
25 Q4	2.22
25 Q3	2.5
25 Q2	2.1
25 Q1	1.95
24 Q4	1.73
24 Q3	1.95
24 Q2	2.44
24 Q1	2.01

Margins

UPM.HE Margins by quarter
Period	Margins
26 Q2	11.97%
26 Q1	13.97%
25 Q4	-9.56%
25 Q3	4.4%
25 Q2	9.46%
25 Q1	12.28%
24 Q4	19.34%
24 Q3	16.07%
24 Q2	7.62%
24 Q1	12.35%

Return on Capital

UPM.HE Return on Capital by quarter
Period	Return on Capital
26 Q2	1.54%
26 Q1	1.83%
25 Q4	2.49%
25 Q3	0.15%
25 Q2	0.68%
25 Q1	1.29%
24 Q4	-0.86%
24 Q3	2.12%
24 Q2	0.23%
24 Q1	2.3%

Shares Outstanding

UPM.HE Shares Outstanding by quarter
Period	Shares Outstanding
26 Q2	527.32M
26 Q1	540.54M
25 Q4	527.32M
25 Q3	527.32M
25 Q2	527.39M
25 Q1	532.25M
24 Q4	533.32M
24 Q3	533.32M
24 Q2	533.32M
24 Q1	533.32M

Dividends (EUR)

UPM.HE Dividends (EUR) by quarter
Period	Dividends (EUR)
Oct 26	0.75
Apr 26	0.75
Oct 25	0.75
Mar 25	0.75
Oct 24	0.75
Apr 24	0.75
Oct 23	0.75
Apr 23	0.75
Mar 22	1.3
Mar 21	1.3

Book Value Per Share (EUR)

UPM.HE Book Value Per Share (EUR) by quarter
Period	Book Value Per Share (EUR)
26 Q2	19.49
26 Q1	19.64
25 Q4	19.6
25 Q3	19.7
25 Q2	19.59
25 Q1	19.89
24 Q4	21.64
24 Q3	20.95
24 Q2	20.8
24 Q1	22.14

Total Assets (EUR)

UPM.HE Total Assets (EUR) by quarter
Period	Total Assets (EUR)
26 Q2	17.88B
26 Q1	17.81B
25 Q4	17.53B
25 Q3	18.05B
25 Q2	18.19B
25 Q1	18.81B
24 Q4	19.1B
24 Q3	19.01B
24 Q2	18.61B
24 Q1	18.48B

PE Ratio

UPM.HE PE Ratio by quarter
Period	PE Ratio
Sep 26	26.24
Sep 26	25.94
Sep 26	24.4
Aug 26	24.16
Aug 26	23.83
Aug 26	23.15
Aug 26	23.82
Jul 26	23.68
Jul 26	22.61
Jul 26	23.6
Jul 26	23.3
Jul 26	23.49
Jun 26	25.58
Jun 26	26.5
Jun 26	27.14
Jun 26	27.77
May 26	27.51
May 26	27.65
May 26	27.52
May 26	27.83
Apr 26	27.98
Apr 26	27.51
Apr 26	29.09
Apr 26	29.28
Apr 26	29.34
Mar 26	110.1
Mar 26	107.04
Mar 26	111.29
Mar 26	112.31
Feb 26	114.74
Feb 26	114.74
Feb 26	117.2
Feb 26	107.17
Jan 26	99.38
Jan 26	102.62
Jan 26	104.87
Jan 26	104.83
Jan 26	106.91
Dec 25	36.78
Dec 25	36.76
Dec 25	36.35
Dec 25	37.05
Nov 25	35.94
Nov 25	35.02
Nov 25	36.61
Nov 25	34.9
Oct 25	35.59
Oct 25	36.18
Oct 25	34.04
Oct 25	33.4
Oct 25	36.09
Sep 25	40.94
Sep 25	40.49
Sep 25	40.9
Sep 25	42.07
Aug 25	43.02
Aug 25	44.83
Aug 25	42.61
Aug 25	43.36
Aug 25	39.79
Jul 25	43.36
Jul 25	40.94
Jul 25	42.51
Jul 25	41.85
Jun 25	28.83
Jun 25	28.84
Jun 25	28.18
Jun 25	28.95
May 25	29.83
May 25	30.08
May 25	30.48
May 25	29.17
May 25	28.66
Apr 25	28.37
Apr 25	27.82
Apr 25	27.69
Apr 25	28.68
Mar 25	19.38
Mar 25	20.33
Mar 25	21.07
Mar 25	21.89
Feb 25	21.59
Feb 25	22.41
Feb 25	22.61
Feb 25	21.38
Jan 25	21.79
Jan 25	21.46
Jan 25	20.77
Jan 25	20.63
Jan 25	20.61
Dec 24	32.8
Dec 24	31.68
Dec 24	32.09
Dec 24	32.43
Nov 24	30.74
Nov 24	31.67
Nov 24	32.32
Nov 24	32.39
Nov 24	33.39
Oct 24	35.75

Free Cash Flow Yield

UPM.HE Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	5.56%
Sep 26	5.63%
Sep 26	5.98%
Aug 26	6.04%
Aug 26	6.13%
Aug 26	6.31%
Aug 26	6.13%
Jul 26	6.17%
Jul 26	6.46%
Jul 26	6.19%
Jul 26	6.27%
Jul 26	6.21%
Jun 26	7.96%
Jun 26	7.68%
Jun 26	7.5%
Jun 26	7.33%
May 26	7.4%
May 26	7.36%
May 26	7.4%
May 26	7.31%
Apr 26	7.27%
Apr 26	7.4%
Apr 26	7%
Apr 26	6.95%
Apr 26	6.94%
Mar 26	5.86%
Mar 26	6.03%
Mar 26	5.8%
Mar 26	5.74%
Feb 26	5.62%
Feb 26	5.62%
Feb 26	5.5%
Feb 26	6.02%
Jan 26	6.49%
Jan 26	6.29%
Jan 26	6.15%
Jan 26	6.15%
Jan 26	6.03%
Dec 25	6.22%
Dec 25	6.22%
Dec 25	6.29%
Dec 25	6.17%
Nov 25	6.36%
Nov 25	6.53%
Nov 25	6.25%
Nov 25	6.55%
Oct 25	6.43%
Oct 25	6.32%
Oct 25	6.72%
Oct 25	6.85%
Oct 25	6.34%
Sep 25	6.15%
Sep 25	6.22%
Sep 25	6.16%
Sep 25	5.99%
Aug 25	5.85%
Aug 25	5.62%
Aug 25	5.91%
Aug 25	5.81%
Aug 25	6.33%
Jul 25	5.81%
Jul 25	6.15%
Jul 25	5.92%
Jul 25	6.02%
Jun 25	6.01%
Jun 25	6%
Jun 25	6.14%
Jun 25	5.98%
May 25	5.8%
May 25	5.76%
May 25	5.68%
May 25	5.94%
May 25	6.04%
Apr 25	6.1%
Apr 25	6.23%
Apr 25	6.25%
Apr 25	6.04%
Mar 25	4.44%
Mar 25	4.23%
Mar 25	4.08%
Mar 25	3.93%
Feb 25	3.98%
Feb 25	3.84%
Feb 25	3.81%
Feb 25	4.02%
Jan 25	3.95%
Jan 25	4.01%
Jan 25	4.14%
Jan 25	4.17%
Jan 25	4.17%
Dec 24	5.82%
Dec 24	6.03%
Dec 24	5.95%
Dec 24	5.89%
Nov 24	6.21%
Nov 24	6.03%
Nov 24	5.91%
Nov 24	5.9%
Nov 24	5.72%
Oct 24	5.34%

Price to Sales

UPM.HE Price to Sales by quarter
Period	Price to Sales
Sep 26	1.48
Sep 26	1.46
Sep 26	1.38
Aug 26	1.36
Aug 26	1.34
Aug 26	1.31
Aug 26	1.34
Jul 26	1.34
Jul 26	1.28
Jul 26	1.33
Jul 26	1.32
Jul 26	1.33
Jun 26	1.27
Jun 26	1.32
Jun 26	1.35
Jun 26	1.38
May 26	1.37
May 26	1.37
May 26	1.37
May 26	1.38
Apr 26	1.39
Apr 26	1.37
Apr 26	1.45
Apr 26	1.46
Apr 26	1.46
Mar 26	1.37
Mar 26	1.33
Mar 26	1.38
Mar 26	1.4
Feb 26	1.43
Feb 26	1.43
Feb 26	1.46
Feb 26	1.33
Jan 26	1.24
Jan 26	1.28
Jan 26	1.3
Jan 26	1.3
Jan 26	1.33
Dec 25	1.24
Dec 25	1.24
Dec 25	1.23
Dec 25	1.25
Nov 25	1.22
Nov 25	1.18
Nov 25	1.24
Nov 25	1.18
Oct 25	1.2
Oct 25	1.22
Oct 25	1.15
Oct 25	1.13
Oct 25	1.22
Sep 25	1.19
Sep 25	1.18
Sep 25	1.19
Sep 25	1.22
Aug 25	1.25
Aug 25	1.3
Aug 25	1.24
Aug 25	1.26
Aug 25	1.16
Jul 25	1.26
Jul 25	1.19
Jul 25	1.24
Jul 25	1.22
Jun 25	1.22
Jun 25	1.22
Jun 25	1.19
Jun 25	1.22
May 25	1.26
May 25	1.27
May 25	1.29
May 25	1.23
May 25	1.21
Apr 25	1.2
Apr 25	1.17
Apr 25	1.17
Apr 25	1.21
Mar 25	1.32
Mar 25	1.38
Mar 25	1.43
Mar 25	1.49
Feb 25	1.47
Feb 25	1.52
Feb 25	1.53
Feb 25	1.45
Jan 25	1.48
Jan 25	1.46
Jan 25	1.41
Jan 25	1.4
Jan 25	1.4
Dec 24	1.38
Dec 24	1.33
Dec 24	1.35
Dec 24	1.36
Nov 24	1.29
Nov 24	1.33
Nov 24	1.36
Nov 24	1.36
Nov 24	1.4
Oct 24	1.5

EV/EBITDA

UPM.HE EV/EBITDA by quarter
Period	EV/EBITDA
Sep 26	12.08
Sep 26	11.97
Sep 26	11.38
Aug 26	11.29
Aug 26	11.16
Aug 26	10.91
Aug 26	11.16
Jul 26	11.11
Jul 26	10.7
Jul 26	11.08
Jul 26	10.96
Jul 26	11.04
Jun 26	11.07
Jun 26	11.39
Jun 26	11.61
Jun 26	11.83
May 26	11.74
May 26	11.79
May 26	11.74
May 26	11.85
Apr 26	11.9
Apr 26	11.74
Apr 26	12.29
Apr 26	12.35
Apr 26	12.37
Mar 26	12.76
Mar 26	12.48
Mar 26	12.88
Mar 26	12.97
Feb 26	13.2
Feb 26	13.2
Feb 26	13.43
Feb 26	12.49
Jan 26	11.77
Jan 26	12.07
Jan 26	12.28
Jan 26	12.27
Jan 26	12.47
Dec 25	10.1
Dec 25	10.1
Dec 25	10.01
Dec 25	10.16
Nov 25	9.92
Nov 25	9.72
Nov 25	10.07
Nov 25	9.69
Oct 25	9.84
Oct 25	9.97
Oct 25	9.51
Oct 25	9.37
Oct 25	9.95
Sep 25	9.93
Sep 25	9.84
Sep 25	9.92
Sep 25	10.15
Aug 25	10.34
Aug 25	10.69
Aug 25	10.26
Aug 25	10.4
Aug 25	9.71
Jul 25	10.4
Jul 25	9.93
Jul 25	10.24
Jul 25	10.11
Jun 25	9.16
Jun 25	9.16
Jun 25	8.99
Jun 25	9.19
May 25	9.41
May 25	9.48
May 25	9.58
May 25	9.24
May 25	9.11
Apr 25	9.04
Apr 25	8.89
Apr 25	8.86
Apr 25	9.12
Mar 25	10.96
Mar 25	11.41
Mar 25	11.75
Mar 25	12.13
Feb 25	12
Feb 25	12.37
Feb 25	12.47
Feb 25	11.9
Jan 25	12.09
Jan 25	11.93
Jan 25	11.61
Jan 25	11.55
Jan 25	11.54
Dec 24	14.41
Dec 24	14
Dec 24	14.15
Dec 24	14.28
Nov 24	13.66
Nov 24	14
Nov 24	14.24
Nov 24	14.26
Nov 24	14.63
Oct 24	15.49

Price/Operating Cashflow

UPM.HE Price/Operating Cashflow by quarter
Period	Price/Operating Cashflow
Sep 26	11.69
Sep 26	11.56
Sep 26	10.87
Aug 26	10.77
Aug 26	10.62
Aug 26	10.32
Aug 26	10.61
Jul 26	10.55
Jul 26	10.08
Jul 26	10.52
Jul 26	10.38
Jul 26	10.47
Jun 26	8.74
Jun 26	9.05
Jun 26	9.27
Jun 26	9.49
May 26	9.4
May 26	9.45
May 26	9.4
May 26	9.51
Apr 26	9.56
Apr 26	9.4
Apr 26	9.94
Apr 26	10
Apr 26	10.02
Mar 26	10.88
Mar 26	10.58
Mar 26	11
Mar 26	11.1
Feb 26	11.34
Feb 26	11.34
Feb 26	11.58
Feb 26	10.59
Jan 26	9.82
Jan 26	10.14
Jan 26	10.36
Jan 26	10.36
Jan 26	10.56
Dec 25	9.91
Dec 25	9.91
Dec 25	9.8
Dec 25	9.99
Nov 25	9.69
Nov 25	9.44
Nov 25	9.87
Nov 25	9.41
Oct 25	9.59
Oct 25	9.75
Oct 25	9.18
Oct 25	9
Oct 25	9.73
Sep 25	9.44
Sep 25	9.34
Sep 25	9.43
Sep 25	9.7
Aug 25	9.92
Aug 25	10.34
Aug 25	9.83
Aug 25	10
Aug 25	9.18
Jul 25	10
Jul 25	9.44
Jul 25	9.8
Jul 25	9.65
Jun 25	9.3
Jun 25	9.31
Jun 25	9.1
Jun 25	9.34
May 25	9.63
May 25	9.71
May 25	9.84
May 25	9.42
May 25	9.25
Apr 25	9.15
Apr 25	8.98
Apr 25	8.94
Apr 25	9.26
Mar 25	10.9
Mar 25	11.43
Mar 25	11.85
Mar 25	12.31
Feb 25	12.14
Feb 25	12.6
Feb 25	12.71
Feb 25	12.02
Jan 25	12.25
Jan 25	12.07
Jan 25	11.68
Jan 25	11.6
Jan 25	11.59
Dec 24	8.67
Dec 24	8.37
Dec 24	8.48
Dec 24	8.57
Nov 24	8.12
Nov 24	8.37
Nov 24	8.54
Nov 24	8.56
Nov 24	8.82
Oct 24	9.45

Price to Book

UPM.HE Price to Book by quarter
Period	Price to Book
Sep 26	1.33
Sep 26	1.31
Sep 26	1.23
Aug 26	1.22
Aug 26	1.21
Aug 26	1.17
Aug 26	1.2
Jul 26	1.2
Jul 26	1.14
Jul 26	1.19
Jul 26	1.18
Jul 26	1.19
Jun 26	1.19
Jun 26	1.23
Jun 26	1.26
Jun 26	1.29
May 26	1.28
May 26	1.28
May 26	1.28
May 26	1.29
Apr 26	1.3
Apr 26	1.28
Apr 26	1.35
Apr 26	1.36
Apr 26	1.36
Mar 26	1.31
Mar 26	1.28
Mar 26	1.33
Mar 26	1.34
Feb 26	1.37
Feb 26	1.37
Feb 26	1.4
Feb 26	1.28
Jan 26	1.19
Jan 26	1.22
Jan 26	1.25
Jan 26	1.25
Jan 26	1.28
Dec 25	1.23
Dec 25	1.23
Dec 25	1.21
Dec 25	1.24
Nov 25	1.2
Nov 25	1.17
Nov 25	1.22
Nov 25	1.17
Oct 25	1.19
Oct 25	1.21
Oct 25	1.14
Oct 25	1.12
Oct 25	1.21
Sep 25	1.16
Sep 25	1.15
Sep 25	1.16
Sep 25	1.2
Aug 25	1.22
Aug 25	1.27
Aug 25	1.21
Aug 25	1.23
Aug 25	1.13
Jul 25	1.23
Jul 25	1.16
Jul 25	1.21
Jul 25	1.19
Jun 25	1.09
Jun 25	1.09
Jun 25	1.06
Jun 25	1.09
May 25	1.13
May 25	1.14
May 25	1.15
May 25	1.1
May 25	1.08
Apr 25	1.07
Apr 25	1.05
Apr 25	1.05
Apr 25	1.08
Mar 25	1.21
Mar 25	1.26
Mar 25	1.31
Mar 25	1.36
Feb 25	1.34
Feb 25	1.39
Feb 25	1.41
Feb 25	1.33
Jan 25	1.36
Jan 25	1.34
Jan 25	1.29
Jan 25	1.28
Jan 25	1.28
Dec 24	1.28
Dec 24	1.23
Dec 24	1.25
Dec 24	1.26
Nov 24	1.2
Nov 24	1.23
Nov 24	1.26
Nov 24	1.26
Nov 24	1.3
Oct 24	1.39

No video analysis for this stock yet. Request one from our team.

AI Analysis

UPM-Kymmene Oyj

Video analysis: UPM.HE

Similar companies