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Swedish maker of hygiene and health products including tissue, diapers, feminine care, and incontinence care, sold under brands like TENA and Tork.
Swedish maker of hygiene and health products including tissue, diapers, feminine care, and incontinence care, sold under brands like TENA and Tork.
Spun out of the forestry group SCA in 2017. Consumer products reach shoppers through retailers, where private-label tissue caps what it can charge, while TENA and Tork are sold to care homes, hospitals and businesses, often through distributors, where installed dispensers tie customers in.
In one line: A Swedish Kimberly-Clark.
Moat: narrow (brand, scale, distribution). Strong category-leading brands (TENA in incontinence, Tork in professional hygiene) with broad distribution.
Headquarters: Stockholm, Sweden · Founded: 1929 · Employees: 36,375
Size Essity (ESSITY-A.ST) is a Sweden Consumer Staples company (Household/Personal Care) with a market value of $19.9B, the 17th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 288.00 on 6 Nov 2026.
Performance Over six months the shares gained 16.6%, against +15.2% for the median peer and +8.2% for the Sweden market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 1.8% over the last twelve months (peer median +6.1%); the operating margin is 11.6% (peer median 14.6%).
Valuation It trades at 15.4× forward earnings against a peer median of 26.0× (2nd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.5 points above its cost of capital (5.3% WACC).
Credit Essity has 4 bonds outstanding ($2.34B), rated BBB+ by the agencies and trading like A at a weighted spread of 79 bp.
Next results Next results expected around 21 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 139B | SEK 138B | SEK 146B | SEK 147B | SEK 131B |
| Revenue growth | — | -5% | -1% | +12% | — |
| Gross profit | SEK 44.0B | SEK 47.0B | SEK 48.4B | SEK 45.1B | SEK 34.4B |
| EBITDA | SEK 23.5B | SEK 25.6B | SEK 26.3B | SEK 24.9B | SEK 23.0B |
| Net income | SEK 11.1B | SEK 12.7B | SEK 12.1B | SEK 9.55B | SEK 5.57B |
| Free cash flow | SEK 11.9B | SEK 8.36B | SEK 9.37B | SEK 14.7B | SEK 7.44B |
| Capital expenditure | SEK 6.77B | SEK 7.09B | SEK 7.40B | SEK 6.85B | SEK 5.42B |
| Total debt | SEK 39.2B | SEK 38.6B | SEK 47.1B | SEK 61.0B | SEK 71.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Essity ESSITY-A.ST | $19.9B | +17% | -2% | 12% | 15.4× | -3.3% |
| Kimberly-Clark KMB | $66.5B | +12% | -12% | 14% | 15.3× | 4.1% |
| Procter & Gamble PG | $383B | +13% | +4% | 24% | 23.4× | -0.3% |
| Unicharm 8113.T | $12.1B | +15% | 0% | 12% | 24.5× | -2.0% |
| Hengan Int'l 1044.HK | $3.28B | -16% | +2% | 11% | 9.1× | -8.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ESSITY-A.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.6% | +10.1% | 10th highest of 21 |
| 6-month return | +16.6% | +15.2% | 10th highest of 21 |
| Distance from 52-week high | -1.7% | -7.9% | 3rd highest of 21 |
| Revenue growth (TTM) | -1.8% | +6.1% | 5th lowest of 21 |
| Operating margin | 11.6% | 14.6% | 5th lowest of 21 |
| Forward P/E | 15.4× | 26.0× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -3.3% | 5.5% | 2nd least demanding of 21 |
| Growth delivered (Del g) | +2.6% | +4.6% | 8th lowest of 21 |
| Hurdle (Req g minus delivered) | -5.9 pp | +4.6 pp | 7th least demanding of 21 |
| ROIC minus cost of capital | +4.5 pp | +6.4 pp | 6th lowest of 21 |
| EV / EBITDA | 9.7× | 18.7× | 2nd cheapest of 19 |
| Net debt / EBITDA | 1.4× | 1.5× | 9th least indebted of 19 |
| Bond spread | 79 bp | 69 bp | 2nd widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Essity ESSITY-A.ST | Sweden | $19.9B | +17% | -2% | 12% | 15.4× | -3.3% | +2.6% |
| Beiersdorf BEI.DE | Germany | $20.4B | +21% | -2% | 12% | 22.6× | -2.3% | +7.0% |
| Kao 4452.T | Japan | $21.8B | +33% | +6% | 10% | 24.4× | 1.5% | +4.1% |
| Church & Dwight CHD | United States | $25.8B | +17% | +2% | 18% | 27.4× | 6.9% | +4.8% |
| DSM-Firmenich DSFIR.AS | Netherlands | $29.5B | +62% | -45% | 8% | 30.1× | 24.3% | +2.5% |
| Puig Brands PUIG.MC | Spain | $12.5B | +16% | +4% | 16% | 17.9× | -3.0% | +11.7% |
| Marico MARICO.NS | India | $12.3B | +8% | +20% | 16% | 51.8× | 28.0% | +11.1% |
| Unicharm 8113.T | Japan | $12.1B | +15% | 0% | 12% | 24.5× | -2.0% | +5.4% |
| Clorox CLX | United States | $12.1B | +8% | +6% | 14% | 17.4× | 2.7% | -1.8% |
| Estée Lauder Companies (The) EL | United States | $39.9B | +28% | +6% | 13% | 31.1× | 16.8% | -1.5% |
| Shiseido 4911.T | Japan | $9.52B | +20% | +5% | 4% | 32.8× | 17.5% | +1.0% |
| Godrej Consumer Products GODREJCP.NS | India | $9.19B | -18% | +12% | 18% | 37.0× | 31.7% | +6.6% |
| Givaudan GIVN.SW | Switzerland | $45.8B | +47% | -2% | 18% | 34.0× | 10.6% | +3.4% |
| Reckitt Benckiser RKT.L | United Kingdom | $47.6B | +22% | -2% | 28% | 16.4× | 1.6% | +0.3% |
| Hindustan Unilever HINDUNILVR.NS | India | $49.6B | -12% | +6% | 21% | 41.5× | 27.2% | +6.5% |
| Dabur India DABUR.NS | India | $7.13B | -19% | +9% | 15% | 32.1× | 27.3% | +6.6% |
| APR 278470.KS | South Korea | $7.04B | -40% | +119% | 23% | 17.4× | -1.4% | +47.3% |
| e.l.f. Beauty ELF | United States | $6.85B | +91% | +31% | 12% | 35.4× | 27.9% | +38.8% |
| Amorepacific 090430.KS | South Korea | $6.03B | -1% | +10% | 9% | 23.8× | 4.0% | -0.8% |
| Kimberly-Clark KMB | United States | $66.5B | +12% | -12% | 14% | 15.3× | 4.1% | -3.0% |
| Colgate-Palmolive CL | United States | $76.8B | +10% | +6% | 22% | 24.2× | -5.5% | +4.4% |
Essity has 4 bonds outstanding with $2.34B face value. The agencies rate it BBB+; its bonds trade like A. Weighted yield 3.80%, a spread of 79 bp over government bonds.