Conservative Balance SheetHolmen's very low debt-to-equity (~0.05–0.11) and substantial equity cushion provide durable financial flexibility. Low leverage decreases refinancing and solvency risk in cyclical forestry markets, enabling continued capex, dividend capacity or opportunistic M&A through downturns.

Vertical Integration & Sustainable Raw MaterialsOwning and managing large forest assets plus hydroelectric generation secures raw material supply and diversifies cash flow. This vertical integration reduces input-price exposure, supports long-term margins, and underpins sustainability credentials valued by customers and regulators.

Solid Operating ProfitabilityEven after cyclical pressure, Holmen's 2025 EBIT (~15%) and EBITDA (~22%) margins and ~13% net margin show structural cost control and pricing power in core wood and paperboard segments, supporting ongoing cash generation and operational resilience.

Bears Say

Margin Compression Since 2022Margins have contracted materially from 2022 highs (EBIT ~31% to ~15%). Such structural compression may reflect weaker end-market pricing or cost pressures; prolonged lower margins limit free cash for reinvestment, dividends and reduce return on invested capital.

Weaker Cash ConversionA ~32% drop in FCF and FCF covering only ~45% of net income reduces Holmen's financial optionality. Lower cash conversion constrains capex funding, dividend sustainability and debt reduction plans, making the business more dependent on margin recovery for balance sheet improvement.

Stagnant To Declining RevenueTop-line was roughly flat in 2024 and declined ~1.5% in 2025 (Fundamentals shows ~-3.09% growth metric). Persistent weak revenue growth signals demand headwinds or market-share pressure, limiting operating leverage and making margin recovery harder to convert into higher absolute profits.

HOLM.A FAQ

What was Holmen AB’s price range in the past 12 months?

Holmen AB lowest stock price was kr325.00 and its highest was kr455.00 in the past 12 months.

What is Holmen AB’s market cap?

Holmen AB’s market cap is kr57.09B.

When is Holmen AB’s upcoming earnings report date?

Holmen AB’s upcoming earnings report date is Apr 28, 2026 which is in 65 days.

How were Holmen AB’s earnings last quarter?

Holmen AB released its earnings results on Jan 30, 2026. The company reported kr3.8 earnings per share for the quarter, missing the consensus estimate of kr3.96 by -kr0.16.

Is Holmen AB overvalued?

According to Wall Street analysts Holmen AB’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Holmen AB pay dividends?

Holmen AB pays a Annually dividend of kr9 which represents an annual dividend yield of 2.6%. See more information on Holmen AB dividends here

What is Holmen AB’s EPS estimate?

Holmen AB’s EPS estimate is 4.02.

How many shares outstanding does Holmen AB have?

Holmen AB has 45,246,468 shares outstanding.

What happened to Holmen AB’s price movement after its last earnings report?

Holmen AB reported an EPS of kr3.8 in its last earnings report, missing expectations of kr3.96. Following the earnings report the stock price went down -1.76%.

Which hedge fund is a major shareholder of Holmen AB?

Currently, no hedge funds are holding shares in SE:HOLM.A

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Holmen AB

Holmen AB (publ) produces and sells paperboards, papers, wood products, and renewable energy in Sweden, Germany, the United Kingdom, France, Italy, rest of Europe, Asia, and internationally. The company's Forest segment offers logs, pulpwood, and biofuel to sawmills, pulp mills, and paperboard and paper mills; and manages forests, which cover approximately one million hectares. Its Paperboard segment provides paperboards for consumer packaging to brand owners, converters, and wholesalers. The company's Paper segment offers papers for books, magazines, printed advertising, and packaging to publishers, printing firms, and retailers. Its Wood Products segment provides construction and joinery timber, CLT and glulam products, and wood for pallets and packaging to construction, joinery, and packaging industries, as well as builders' merchants; and operates sawmills. The company's Renewable Energy segment operates 21 hydro power stations; and wind farms with a capacity of approximately 1.2 TWh of electricity. Holmen AB (publ) was founded in 1609 and is headquartered in Stockholm, Sweden.