Stora Enso Oyj (SE:STE.A)
:STE.A
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Stora Enso Oyj
(STE.A)
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Rating:47Neutral
Price Target:
kr104.00
▼(-5.88% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weak cash conversion (negative free cash flow across 2023–TTM) and volatile revenue despite an earnings rebound and manageable leverage. Technicals add pressure with the stock trading below major moving averages and negative MACD. A high P/E further limits the score, with only modest support from the dividend yield.
Positive Factors
Profitability rebound
The company returned to positive margins in 2025/TTM with net margin ~6.6%, showing operational recovery after losses in 2023–2024. This improves earnings resilience and supports sustainable cash generation potential if volumes and pricing stabilise, making profits less cyclical over the medium term.
Negative Factors
Weak cash generation
Persistent negative free cash flow through 2023–TTM constrains financial flexibility: it limits capacity for organic investment, deleverages slowly, and raises reliance on external financing. Even with profit recovery, weak cash conversion increases execution risk if demand softens or capex needs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
The company returned to positive margins in 2025/TTM with net margin ~6.6%, showing operational recovery after losses in 2023–2024. This improves earnings resilience and supports sustainable cash generation potential if volumes and pricing stabilise, making profits less cyclical over the medium term.
Read all positive factors
Stora Enso Oyj (STE.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr83.90B
Dividend Yield2.5%
Average Volume (3M)3.67K
Price to Earnings (P/E)63.8
Beta (1Y)0.88
Revenue Growth-3.54%
EPS GrowthN/A
CountrySE
Employees19,000
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)0.78
Shares Outstanding175,542,570
10 Day Avg. Volume4,379
30 Day Avg. Volume3,667
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.79
Price to Sales (P/S)0.91
P/FCF Ratio-65.33
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)5.95
Revenue Forecast (FY)kr102.15B
Stora Enso Oyj Business Overview & Revenue Model
Company Description
Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other ...
How the Company Makes Money
Stora Enso makes money primarily by selling products and solutions based on wood and other renewable raw materials. Key revenue streams include: (1) Packaging materials and solutions: sales of packaging board and other fiber-based packaging produc...
Stora Enso Oyj Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
70
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.30B | 9.33B | 9.05B | 9.40B | 11.68B | 10.16B |
| Gross Profit | 2.28B | 2.71B | 3.57B | 3.26B | 5.15B | 4.68B |
| EBITDA | 1.35B | 1.36B | 603.00M | 226.00M | 2.52B | 2.10B |
| Net Income | 616.56M | 695.00M | -136.00M | -357.00M | 1.55B | 1.27B |
Balance Sheet | ||||||
| Total Assets | 18.89B | 19.06B | 19.80B | 20.75B | 20.92B | 19.03B |
| Cash, Cash Equivalents and Short-Term Investments | 1.02B | 1.28B | 2.02B | 2.46B | 1.92B | 1.53B |
| Total Debt | 4.58B | 4.47B | 5.73B | 5.21B | 3.92B | 3.87B |
| Total Liabilities | 8.56B | 8.41B | 9.81B | 9.87B | 8.42B | 8.36B |
| Stockholders Equity | 10.48B | 10.80B | 10.14B | 10.98B | 12.53B | 10.68B |
Cash Flow | ||||||
| Free Cash Flow | -113.50M | -130.00M | -161.00M | -237.00M | 878.00M | 832.00M |
| Operating Cash Flow | 569.58M | 645.00M | 952.00M | 752.00M | 1.58B | 1.48B |
| Investing Cash Flow | 154.38M | 60.00M | -1.13B | -1.31B | -742.00M | -449.00M |
| Financing Cash Flow | -1.37B | -1.49B | -301.00M | 1.08B | -450.00M | -1.22B |
Stora Enso Oyj Technical Analysis
Neutral
110.50
Price Trends
108.20
Negative
111.32
Negative
109.56
Negative
Market Momentum
-1.00
Negative
48.18
Neutral
74.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:STE.A, the sentiment is Neutral. The current price of 110.5 is above the 20-day moving average (MA) of 105.35, above the 50-day MA of 108.20, and above the 200-day MA of 109.56, indicating a neutral trend. The MACD of -1.00 indicates Negative momentum. The RSI at 48.18 is Neutral, neither overbought nor oversold. The STOCH value of 74.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:STE.A.
Stora Enso Oyj Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | kr50.16B | 20.92 | 5.12% | 2.60% | -6.33% | -1.97% | |
63 Neutral | kr50.16B | 20.92 | ― | 2.59% | -6.33% | -1.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | kr69.65B | 50.43 | ― | 2.49% | -3.98% | -23.70% | |
59 Neutral | kr69.65B | 50.25 | 3.09% | 2.49% | -3.98% | -23.70% | |
52 Neutral | kr15.90B | -20.67 | 2.55% | 3.81% | -12.11% | -95.84% | |
47 Neutral | kr83.90B | 63.84 | ― | 2.50% | -3.54% | ― |
* Basic Materials Sector Average
SE:STE.A
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5.05%
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Stora Enso Oyj Corporate Events
Stora Enso Profit Slips as Oulu Ramp-Up and FX Weigh on Q1, Forest Assets Spin-Off Advances
May 7, 2026
Stora Enso reported Q1 2026 sales essentially flat at EUR 2.36 billion, while adjusted EBIT fell 9% as foreign exchange headwinds and the ramp-up of its Oulu consumer board line weighed on margins despite lower wood costs. Cash flow from operation...
Stora Enso Details Sub‑5% BlackRock Ownership Chain
Apr 2, 2026
Stora Enso has disclosed an updated chain of controlled undertakings related to BlackRock, Inc. and its various subsidiaries, which together hold a position in Stora Enso shares below the 5% threshold. The filing details multiple BlackRock legal e...
Stora Enso Details 2025 Green and Sustainability-Linked Financing Progress
Mar 26, 2026
Stora Enso has advanced its sustainable finance strategy by implementing a combined Green and Sustainability-Linked Financing Framework, building on its 2018 Green Bond Framework to better align funding with climate, circularity, and biodiversity ...
BlackRock Discloses Sub‑5% Indirect Stake in Stora Enso
Feb 18, 2026
BlackRock, Inc., through a complex chain of controlled subsidiaries across multiple jurisdictions, holds an ownership position in Stora Enso Oyj that remains below the 5% threshold of shares and voting rights. The disclosure maps the underlying Bl...
BlackRock’s Stora Enso Stake Confirmed Below 5% Across Multiple Entities
Feb 12, 2026
Stora Enso Oyj has disclosed an ownership notification related to BlackRock, Inc. and its chain of controlled undertakings, indicating that multiple BlackRock entities collectively hold a stake in Stora Enso that remains below the 5% threshold. Th...
Stora Enso Details 2025 Remuneration Practices Amid Strategic Portfolio Shift
Feb 12, 2026
Stora Enso’s People and Culture Committee has presented its Remuneration Report 2025, detailing how the company’s remuneration principles for the Board and Group Leadership Team align with the Finnish Corporate Governance Code 2025. Th...
BlackRock Discloses Sub-5% Indirect Holdings in Stora Enso
Feb 9, 2026
BlackRock, Inc. and several of its affiliated entities have disclosed a chain of controlled undertakings related to their ownership in Stora Enso Oyj. Across multiple BlackRock subsidiaries in regions including the U.S., Europe, Asia, and Australi...
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.