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Makes food packaging, including paper cups, foodservice containers and flexible packaging.
Makes food packaging, including paper cups, foodservice containers and flexible packaging.
Makes packaging to order for food companies and restaurant chains under supply agreements, normally passing changes in paper, plastic and aluminium costs on to customers with a delay. Foodservice volumes track café and fast-food visits, while flexible packaging is bought by consumer-goods makers.
Moat: narrow (scale, switching costs, process know-how). Global manufacturing scale and long-standing supply relationships with major food/beverage brands.
Headquarters: Espoo, Finland · Founded: 1920 · Employees: 17,390
Size Huhtamaki (HUH1V.HE) is a Finland Materials company (Containers/Packaging) with a market value of $3.12B, the 18th largest of 65 Finland companies the cockpit tracks. Shares closed at €26.68 on 6 Nov 2026.
Performance Over six months the shares fell 1.3%, against -0.4% for the median peer and -2.9% for the Finland market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 2.1% over the last twelve months (peer median +3.4%); the operating margin is 8.7% (peer median 6.9%).
Valuation It trades at 11.0× forward earnings against a peer median of 16.1× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.9 points above its cost of capital (5.4% WACC).
Credit Huhtamaki has 4 bonds outstanding ($1.14B), rated BBB- by the agencies and trading like BBB- at a weighted spread of 133 bp.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €3.95B | €3.96B | €4.13B | €4.17B | €4.48B |
| Revenue growth | — | -4% | -1% | -7% | — |
| Gross profit | €740M | €652M | €751M | €703M | €702M |
| EBITDA | €546M | €600M | €594M | €598M | €568M |
| Net income | €209M | €192M | €224M | €206M | €276M |
| Free cash flow | €252M | €306M | €188M | €261M | €2.80M |
| Capital expenditure | €150M | €172M | €250M | €322M | €318M |
| Total debt | €1.56B | €1.58B | €1.56B | €1.65B | €1.80B |
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 |
|---|---|---|---|---|---|---|
| Huhtamaki HUH1V.HE | $3.12B | -1% | -2% | 9% | 11.0× | -6.3% |
| Amcor AMCR | $20.7B | +14% | +57% | 9% | n/a | 5.8% |
| Smurfit Westrock SW | $23.1B | +7% | +1% | 5% | 15.1× | 13.5% |
| Graphic Packaging GPK | $3.31B | +5% | 0% | 6% | 12.3× | 5.0% |
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 | HUH1V.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.5% | +2.0% | 9th lowest of 21 |
| 6-month return | -1.3% | -0.4% | 10th lowest of 21 |
| Distance from 52-week high | -18.5% | -18.4% | 11th highest of 21 |
| Revenue growth (TTM) | -2.1% | +3.4% | 6th lowest of 21 |
| Operating margin | 8.7% | 6.9% | 10th highest of 21 |
| Forward P/E | 11.0× | 16.1× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -6.3% | -0.4% | 3rd least demanding of 18 |
| Growth delivered (Del g) | +3.7% | +6.5% | 3rd lowest of 18 |
| Hurdle (Req g minus delivered) | -10.1 pp | -7.9 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | +2.9 pp | +1.5 pp | 7th highest of 21 |
| EV / EBITDA | 7.5× | 8.0× | 5th cheapest of 14 |
| Net debt / EBITDA | 2.2× | 2.9× | 7th least indebted of 15 |
| Bond spread | 133 bp | 129 bp | 3rd tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Huhtamaki HUH1V.HE | Finland | $3.12B | -1% | -2% | 9% | 11.0× | -6.3% | +3.7% |
| Graphic Packaging GPK | United States | $3.31B | +5% | 0% | 6% | 12.3× | 5.0% | +5.6% |
| Viscofan VIS.MC | Spain | $2.86B | -5% | +3% | 15% | 16.6× | -3.4% | +6.5% |
| Ardagh Metal Packaging AMBP | United States | $2.82B | +18% | +17% | 5% | 17.0× | 4.1% | +9.8% |
| Nine Dragons Paper 2689.HK | Hong Kong | $2.76B | -29% | +22% | 9% | 4.4× | n/a | n/a |
| Vidrala VID.MC | Spain | $3.63B | +18% | -3% | 21% | 14.6× | 5.8% | +8.2% |
| Toyo Seikan 5901.T | Japan | $3.69B | +34% | +6% | 6% | 20.4× | -2.7% | +5.2% |
| Verallia SAS VRLA.PA | France | $2.56B | -10% | -3% | 9% | 14.7× | 5.6% | +5.6% |
| Greif GEF | United States | $3.95B | +7% | -2% | 8% | 16.1× | 7.9% | -4.7% |
| Oji 3861.T | Japan | $4.31B | -3% | 0% | 2% | 20.6× | 20.4% | +6.5% |
| Silgan SLGN | United States | $4.34B | +2% | +4% | 10% | 10.2× | -5.8% | +5.7% |
| Mondi MNDI.L | United Kingdom | $4.69B | +5% | +5% | 4% | 36.1× | 15.4% | +2.1% |
| Jia Yao 1626.HK | Hong Kong | $2.05B | +175% | +161% | 6% | n/a | n/a | n/a |
| Sonoco Products SON | United States | $4.99B | -2% | +4% | 10% | 9.0× | -1.9% | +7.5% |
| Winpak WPK.TO | Canada | $1.91B | +12% | +3% | 15% | 12.5× | -10.9% | +6.6% |
| Shenzhen YUTO Packaging Technology 002831.SZ | China | $5.19B | 0% | +1% | 11% | 20.8× | -0.4% | +7.9% |
| Shandong Pharmaceutical Glass 600529.SS | China | $1.85B | 0% | -9% | 18% | 16.5× | -2.4% | +5.5% |
| Jiangsu Sidike New Materials Science & Technology 300806.SZ | China | $5.33B | -17% | +12% | 4% | 154.7× | n/a | n/a |
| ORG Technology 002701.SZ | China | $1.65B | -22% | +24% | 5% | 9.6× | -5.2% | +15.8% |
| China International Marine Containers (Group) 2039.HK | Hong Kong | $6.11B | -35% | +6% | 4% | 12.7× | -8.1% | +9.9% |
| Jiamei Food Packaging (Chuzhou) 002969.SZ | China | $1.55B | -56% | -10% | 6% | 86.4× | 22.4% | +7.3% |
Huhtamaki has 4 bonds outstanding with $1.14B face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 4.33%, a spread of 133 bp over government bonds.