Holmen AB (SE:HOLM.A)
:HOLM.A
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Holmen AB
(HOLM.A)
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Rating:63Neutral
Price Target:
kr399.00
▲(13.68% Upside)
Action:ReiteratedDate:02/01/26
The score is driven primarily by solid financial resilience from a conservatively levered balance sheet, tempered by weaker profitability/cash conversion versus prior peaks. Technicals are a meaningful drag with the stock trading below major moving averages and negative MACD, while valuation is mid-range with a moderate P/E and a modest dividend yield.
Positive Factors
Conservative Balance Sheet
Holmen'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.
Negative Factors
Margin Compression Since 2022
Margins 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Holmen'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.
Read all positive factors
Holmen AB (HOLM.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr53.59B
Dividend Yield2.6%
Average Volume (3M)1.25K
Price to Earnings (P/E)23.6
Beta (1Y)0.58
Revenue Growth-1.15%
EPS Growth2.30%
CountrySE
Employees3,500
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)3.80
Shares Outstanding45,246,468
10 Day Avg. Volume1,398
30 Day Avg. Volume1,253
Financial Highlights & Ratios
PEG Ratio5.35
Price to Book (P/B)0.99
Price to Sales (P/S)2.48
P/FCF Ratio31.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)16.86
Revenue Forecast (FY)kr21.90B
Holmen AB Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
Holmen AB generates revenue primarily through the sale of its products across its various business segments. Key revenue streams include the production and sale of paper and paperboard products, which cater to packaging and printing markets, and t...
Holmen AB Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
82
Very Positive
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.06B | 22.76B | 22.80B | 23.95B | 19.48B |
| Gross Profit | 366.00M | 10.24B | 12.12B | 13.75B | 9.83B |
| EBITDA | 4.76B | 5.15B | 6.16B | 8.85B | 5.00B |
| Net Income | 2.88B | 2.86B | 3.70B | 5.87B | 3.00B |
Balance Sheet | |||||
| Total Assets | 80.86B | 81.55B | 79.72B | 81.44B | 68.10B |
| Cash, Cash Equivalents and Short-Term Investments | 390.00M | 234.00M | 1.20B | 1.94B | 507.00M |
| Total Debt | 5.10B | 3.68B | 3.17B | 3.15B | 4.34B |
| Total Liabilities | 25.46B | 24.18B | 22.80B | 24.49B | 21.11B |
| Stockholders Equity | 55.41B | 57.37B | 56.92B | 56.95B | 46.99B |
Cash Flow | |||||
| Free Cash Flow | 1.71B | 1.20B | 4.10B | 4.09B | 1.52B |
| Operating Cash Flow | 3.85B | 3.32B | 5.80B | 5.48B | 3.23B |
| Investing Cash Flow | -2.12B | -2.07B | -1.65B | -1.35B | -1.31B |
| Financing Cash Flow | -1.58B | -2.22B | -4.89B | -2.71B | -1.76B |
Holmen AB Technical Analysis
Negative
351.00
Price Trends
336.15
Negative
336.75
Negative
343.46
Negative
Market Momentum
-1.10
Negative
51.30
Neutral
77.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HOLM.A, the sentiment is Negative. The current price of 351 is above the 20-day moving average (MA) of 326.91, above the 50-day MA of 336.15, and above the 200-day MA of 343.46, indicating a neutral trend. The MACD of -1.10 indicates Negative momentum. The RSI at 51.30 is Neutral, neither overbought nor oversold. The STOCH value of 77.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:HOLM.A.
Holmen AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | kr78.94B | 39.99 | 7.23% | 3.80% | -8.04% | -37.18% | |
63 Neutral | kr53.59B | 23.55 | 5.12% | 2.60% | -1.15% | 2.30% | |
59 Neutral | kr77.26B | 26.87 | 3.09% | 2.49% | 6.10% | -3.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | kr88.53B | 12.15 | ― | 3.46% | 3.43% | 78.62% | |
53 Neutral | kr18.52B | 32.85 | 2.55% | 3.81% | 2.55% | 98.53% |
* General Sector Average
SE:HOLM.A
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-12.94
-3.73%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.