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Finnish-Swedish forest products company making packaging materials, pulp, paper and wood products.
Finnish-Swedish forest products company making packaging materials, pulp, paper and wood products.
Turns wood from its own and leased forests into paper-based packaging, pulp, building timber and paper, with printing paper in decline as mills are closed or converted toward board and pulp. Solidium, the Finnish state's investment arm, and the Wallenberg-linked FAM are among the largest holders.
Moat: narrow (scale, installed base). Large-scale forest ownership and integrated pulp/paper/packaging mills across the Nordics.
Headquarters: Helsinki, Finland · Founded: 1998 · Employees: 18,515
Size Stora Enso (STEAV.HE) is a Finland Materials company (Containers/Packaging) with a market value of $8.58B, the 12th largest of 65 Finland companies the cockpit tracks. Shares closed at €9.68 on 6 Nov 2026.
Performance Over six months the shares gained 0.4%, against +5.9% for the median peer and -2.9% for the Finland market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 1.3% over the last twelve months (peer median +4.9%); the operating margin is -3.7% (peer median 9.6%).
Valuation It trades at 18.4× forward earnings against a peer median of 18.7× (10th cheapest of 20).
Capital Return on invested capital runs 8.8 points below its cost of capital (6.8% WACC).
Credit Stora Enso has 5 bonds outstanding ($2.14B), rated Baa3 by the agencies and trading like BBB+ at a weighted spread of 82 bp.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €9.28B | €9.33B | €9.05B | €9.40B | €11.7B |
| Revenue growth | — | +3% | -4% | -20% | — |
| Gross profit | -€182M | €592M | €1.41B | €1.25B | €3.10B |
| EBITDA | €237M | €624M | €599M | €418M | €2.11B |
| Net income | €401M | €695M | -€136M | -€357M | €1.55B |
| Free cash flow | €25.0M | -€130M | -€161M | -€237M | €878M |
| Capital expenditure | €528M | €775M | €1.11B | €989M | €704M |
| Total debt | €4.39B | €4.43B | €5.72B | €5.16B | €3.94B |
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 |
|---|---|---|---|---|---|---|
| Stora Enso STEAV.HE | $8.58B | 0% | -1% | -4% | 18.4× | n/a |
| UPM-Kymmene UPM.HE | $13.3B | -11% | -6% | 8% | 18.2× | 6.1% |
| Smurfit Westrock SW | $23.1B | +7% | +1% | 5% | 15.1× | 13.5% |
| Mondi MNDI.L | $4.69B | +5% | +5% | 4% | 36.1× | 15.4% |
| Metsa Board METSA.HE | $1.22B | -17% | -11% | -4% | n/a | 16.7% |
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 | STEAV.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.8% | +6.8% | 5th lowest of 21 |
| 6-month return | +0.4% | +5.9% | 8th lowest of 21 |
| Distance from 52-week high | -20.3% | -17.0% | 7th lowest of 21 |
| Revenue growth (TTM) | -1.3% | +4.9% | 5th lowest of 21 |
| Operating margin | -3.7% | 9.6% | lowest of 21 |
| Forward P/E | 18.4× | 18.7× | 10th cheapest of 20 |
| ROIC minus cost of capital | -8.8 pp | +1.8 pp | 2nd lowest of 21 |
| Net debt / EBITDA | 15.0× | 2.9× | most indebted of 17 |
| Bond spread | 82 bp | 108 bp | 3rd tightest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Stora Enso STEAV.HE | Finland | $8.58B | 0% | -1% | -4% | 18.4× | n/a | n/a |
| AptarGroup ATR | United States | $9.03B | +18% | +9% | 12% | 23.4× | 4.3% | +5.2% |
| Owens Corning OC | United States | $9.59B | 0% | -11% | 14% | 15.3× | 3.6% | +7.4% |
| Yunnan Energy New Material (Group) 002812.SZ | China | $7.55B | -38% | +50% | 17% | 19.8× | 7.8% | +26.1% |
| SIG SIGN.SW | Switzerland | $7.07B | +23% | -5% | 5% | 20.5× | 18.4% | +9.4% |
| CCL Industries CCL-B.TO | Canada | $11.8B | +17% | +5% | 15% | 18.7× | 1.3% | +7.9% |
| China International Marine Containers (Group) 000039.SZ | China | $6.19B | -23% | 0% | 4% | 18.7× | -9.2% | +10.7% |
| Crown CCK | United States | $13.1B | +20% | +14% | 12% | 13.9× | -4.7% | +5.7% |
| Jiangsu Sidike New Materials Science & Technology 300806.SZ | China | $5.33B | -17% | +12% | 4% | 154.7× | n/a | n/a |
| Shenzhen YUTO Packaging Technology 002831.SZ | China | $5.19B | 0% | +1% | 11% | 20.8× | -0.4% | +7.9% |
| Sonoco Products SON | United States | $4.99B | -2% | +4% | 10% | 9.0× | -1.9% | +7.5% |
| Mondi MNDI.L | United Kingdom | $4.69B | +5% | +5% | 4% | 36.1× | 15.4% | +2.1% |
| Silgan SLGN | United States | $4.34B | +2% | +4% | 10% | 10.2× | -5.8% | +5.7% |
| Oji 3861.T | Japan | $4.31B | -3% | 0% | 2% | 20.6× | 20.4% | +6.5% |
| Ball BALL | United States | $17.2B | +13% | +21% | 11% | 15.3× | 6.4% | +2.3% |
| Greif GEF | United States | $3.95B | +7% | -2% | 8% | 16.1× | 7.9% | -4.7% |
| Toyo Seikan 5901.T | Japan | $3.69B | +34% | +6% | 6% | 20.4× | -2.7% | +5.2% |
| Vidrala VID.MC | Spain | $3.63B | +18% | -3% | 21% | 14.6× | 5.8% | +8.2% |
| Amcor AMCR | United States | $20.7B | +14% | +57% | 9% | n/a | 5.8% | +12.8% |
| Graphic Packaging GPK | United States | $3.31B | +5% | 0% | 6% | 12.3× | 5.0% | +5.6% |
| Packaging Corporation of America PKG | United States | $22.2B | +12% | +12% | 13% | 17.8× | 4.3% | +6.2% |
Stora Enso has 5 bonds outstanding with $2.14B face value. The agencies rate it Baa3; its bonds trade like BBB+. Weighted yield 3.78%, a spread of 82 bp over government bonds.