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Stora Enso Oyj

BATS-CHIXE:STEAS
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STEAS
BATS-CHIXE
€8B
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
  • Stora Enso Oyj has significant price volatility in the past 3 months.
STEAS Share Price and Events
7 Day Returns
-0.3%
BATS-CHIXE:STEAS
-2.2%
Europe Forestry
-5.4%
GB Market
1 Year Returns
-11.1%
BATS-CHIXE:STEAS
-19.7%
Europe Forestry
-25.2%
GB Market
STEAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stora Enso Oyj (STEAS) -0.3% -8% -16.1% -11.1% 2.4% 23.3%
Europe Forestry -2.2% -15.4% -23.1% -19.7% -29% -14.1%
GB Market -5.4% -20.6% -29.1% -25.2% -25.9% -25.1%
1 Year Return vs Industry and Market
  • STEAS outperformed the Forestry industry which returned -19.7% over the past year.
  • STEAS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.2% over the past year.
Price Volatility
STEAS
Industry
5yr Volatility vs Market

STEAS Value

 Is Stora Enso Oyj undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Stora Enso Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Stora Enso Oyj.

BATS-CHIXE:STEAS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:STEAS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.9%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.02 (1 + (1- 20%) (55.55%))
1.317
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.317 * 5.94%)
8.35%

Discounted Cash Flow Calculation for BATS-CHIXE:STEAS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Stora Enso Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:STEAS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.35%)
2020 435.71 Analyst x7 402.13
2021 613.56 Analyst x9 522.62
2022 708.57 Analyst x7 557.04
2023 808.00 Analyst x1 586.25
2024 944.00 Analyst x1 632.14
2025 1,039.28 Est @ 10.09% 642.30
2026 1,114.36 Est @ 7.22% 635.62
2027 1,172.48 Est @ 5.22% 617.23
2028 1,217.15 Est @ 3.81% 591.36
2029 1,251.55 Est @ 2.83% 561.21
Present value of next 10 years cash flows €5,747.00
BATS-CHIXE:STEAS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,251.55 × (1 + 0.53%) ÷ (8.35% – 0.53%)
€16,087.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €16,087.51 ÷ (1 + 8.35%)10
€7,213.82
BATS-CHIXE:STEAS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €5,747.00 + €7,213.82
€12,960.82
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €12,960.82 / 788.62
€16.43
BATS-CHIXE:STEAS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:STEAS represents 13.01406x of HLSE:STERV
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
13.01406x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (EUR) x Listing Adjustment Factor
= € 16.43 x 13.01406
SEK213.88
Value per share (SEK) From above. SEK213.88
Current discount Discount to share price of SEK119.60
= -1 x (SEK119.60 - SEK213.88) / SEK213.88
44.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Stora Enso Oyj is available for.
Intrinsic value
44%
Share price is SEK119.6 vs Future cash flow value of SEK213.88
Current Discount Checks
For Stora Enso Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Stora Enso Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Stora Enso Oyj's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Stora Enso Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stora Enso Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:STEAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.12
HLSE:STERV Share Price ** HLSE (2020-04-02) in EUR €9.19
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 9.17x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Stora Enso Oyj.

BATS-CHIXE:STEAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:STERV Share Price ÷ EPS (both in EUR)

= 9.19 ÷ 1.12

8.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stora Enso Oyj is good value based on earnings compared to the Europe Forestry industry average.
  • Stora Enso Oyj is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Stora Enso Oyj's expected growth come at a high price?
Raw Data
BATS-CHIXE:STEAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
-4.9%per year
Europe Forestry Industry PEG Ratio Median Figure of 21 Publicly-Listed Forestry Companies 0.43x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:STEAS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.24x ÷ -4.9%

-1.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stora Enso Oyj earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Stora Enso Oyj's assets?
Raw Data
BATS-CHIXE:STEAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €9.42
HLSE:STERV Share Price * HLSE (2020-04-02) in EUR €9.19
Europe Forestry Industry PB Ratio Median Figure of 38 Publicly-Listed Forestry Companies 0.96x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.07x
BATS-CHIXE:STEAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:STERV Share Price ÷ Book Value per Share (both in EUR)

= 9.19 ÷ 9.42

0.98x

* Primary Listing of Stora Enso Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stora Enso Oyj is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Stora Enso Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Stora Enso Oyj has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

STEAS Future Performance

 How is Stora Enso Oyj expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stora Enso Oyj expected to grow at an attractive rate?
  • Stora Enso Oyj's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Stora Enso Oyj's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Stora Enso Oyj's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:STEAS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:STEAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts -4.9%
BATS-CHIXE:STEAS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts -1%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average -8%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 0.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.3%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:STEAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:STEAS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 9,419 1,450 1
2023-12-31 9,576 1,373 670 2
2022-12-31 9,624 1,277 717 10
2021-12-31 9,569 1,195 636 13
2020-12-31 9,315 1,053 455 12
2020-04-03
BATS-CHIXE:STEAS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 10,055 1,649 880
2019-09-30 10,302 1,281 664
2019-06-30 10,485 1,268 809
2019-03-31 10,542 1,090 971
2018-12-31 10,486 1,092 1,013
2018-09-30 10,339 1,291 883
2018-06-30 10,263 1,247 860
2018-03-31 10,127 1,245 785
2017-12-31 10,045 1,202 625
2017-09-30 9,930 1,147 542
2017-06-30 9,844 1,115 480
2017-03-31 9,876 1,272 459

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stora Enso Oyj's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Stora Enso Oyj's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:STEAS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Stora Enso Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:STEAS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 0.85 0.85 0.85 1.00
2022-12-31 0.88 1.07 0.77 8.00
2021-12-31 0.82 0.98 0.67 12.00
2020-12-31 0.58 0.84 0.31 12.00
2020-04-03
BATS-CHIXE:STEAS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.12
2019-09-30 0.85
2019-06-30 1.03
2019-03-31 1.23
2018-12-31 1.28
2018-09-30 1.12
2018-06-30 1.09
2018-03-31 1.00
2017-12-31 0.79
2017-09-30 0.69
2017-06-30 0.61
2017-03-31 0.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Stora Enso Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Stora Enso Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Stora Enso Oyj has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

STEAS Past Performance

  How has Stora Enso Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Stora Enso Oyj's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Stora Enso Oyj's year on year earnings growth rate has been positive over the past 5 years.
  • Stora Enso Oyj's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Stora Enso Oyj's 1-year earnings growth is negative, it can't be compared to the Europe Forestry industry average.
Earnings and Revenue History
Stora Enso Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Stora Enso Oyj Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:STEAS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 10,055.00 880.00 2,276.00
2019-09-30 10,302.00 664.00 2,336.00
2019-06-30 10,485.00 809.00 2,353.00
2019-03-31 10,542.00 971.00 2,370.00
2018-12-31 10,486.00 1,013.00 2,364.00
2018-09-30 10,339.00 883.00 2,376.00
2018-06-30 10,263.00 860.00 2,385.00
2018-03-31 10,127.00 785.00 2,391.00
2017-12-31 10,045.00 625.00 2,403.00
2017-09-30 9,930.00 542.00 2,364.00
2017-06-30 9,844.00 480.00 2,357.00
2017-03-31 9,876.00 459.00 2,360.00
2016-12-31 9,854.00 463.00 2,363.00
2016-09-30 9,999.00 796.00 2,384.00
2016-06-30 10,076.00 791.00 2,406.00
2016-03-31 10,078.00 796.00 2,406.00
2015-12-31 10,094.00 807.00 2,397.00
2015-09-30 10,144.00 258.00 2,405.00
2015-06-30 10,158.00 258.00 2,404.00
2015-03-31 10,175.00 129.00 2,400.00
2014-12-31 10,252.00 99.00 2,434.00
2014-09-30 10,317.00 87.00 2,466.00
2014-06-30 10,356.00 45.00 2,454.00
2014-03-31 10,503.00 63.00 2,475.00
2013-12-31 10,607.00 -53.00 2,495.00
2013-09-30 10,746.00 346.00 2,466.00
2013-06-30 10,887.00 344.00 2,500.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Stora Enso Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Stora Enso Oyj used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Stora Enso Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Stora Enso Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Stora Enso Oyj has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

STEAS Health

 How is Stora Enso Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Stora Enso Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stora Enso Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Stora Enso Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Stora Enso Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Stora Enso Oyj Company Filings, last reported 3 months ago.

BATS-CHIXE:STEAS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,422.00 3,753.00 876.00
2019-09-30 6,857.00 4,093.00 713.00
2019-06-30 6,723.00 4,388.00 833.00
2019-03-31 6,535.00 3,885.00 1,223.00
2018-12-31 6,732.00 3,343.00 1,130.00
2018-09-30 6,459.00 3,302.00 1,005.00
2018-06-30 6,081.00 3,210.00 629.00
2018-03-31 6,188.00 3,068.00 687.00
2017-12-31 6,055.00 2,987.00 607.00
2017-09-30 5,847.00 3,043.00 418.00
2017-06-30 5,662.00 3,321.00 499.00
2017-03-31 5,968.00 3,722.00 932.00
2016-12-31 5,868.00 3,718.00 953.00
2016-09-30 5,719.00 3,848.00 781.00
2016-06-30 5,598.00 3,876.00 519.00
2016-03-31 5,612.00 3,956.00 605.00
2015-12-31 5,513.00 4,136.00 808.00
2015-09-30 5,097.00 4,191.00 798.00
2015-06-30 5,175.00 4,615.00 987.00
2015-03-31 5,531.00 4,991.00 1,321.00
2014-12-31 5,237.00 4,825.00 1,446.00
2014-09-30 5,412.00 5,136.00 1,523.00
2014-06-30 5,244.00 5,049.00 1,553.00
2014-03-31 5,354.00 5,379.00 2,018.00
2013-12-31 5,273.00 5,424.00 2,073.00
2013-09-30 5,467.00 5,147.00 2,097.00
2013-06-30 5,349.00 5,075.00 1,809.00
  • Stora Enso Oyj's level of debt (50.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (92.1% vs 50.6% today).
  • Debt is well covered by operating cash flow (43.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess Stora Enso Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Stora Enso Oyj has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

STEAS Dividends

 What is Stora Enso Oyj's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.44%
Current annual income from Stora Enso Oyj dividends. Estimated to be 5.23% next year.
If you bought SEK2,000 of Stora Enso Oyj shares you are expected to receive SEK109 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Stora Enso Oyj's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.68%).
  • Stora Enso Oyj's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.57%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:STEAS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 5.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 608 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:STEAS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.51 10.00
2021-12-31 0.49 14.00
2020-12-31 0.46 14.00
2020-04-03
BATS-CHIXE:STEAS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-01-30 0.500 4.934
2019-03-14 0.500 4.556
2018-02-09 0.410 2.936
2017-02-21 0.370 3.097
2017-02-03 0.370 3.687
2016-04-28 0.330 3.966
2015-04-22 0.300 3.634
2014-04-23 0.300 4.067
2013-02-05 0.300 4.862
2012-02-08 0.300 5.976
2011-02-08 0.250 4.358
2010-02-04 0.200 3.178
2009-07-22 0.200 4.091

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Stora Enso Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Stora Enso Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Stora Enso Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stora Enso Oyj has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

STEAS Management

 What is the CEO of Stora Enso Oyj's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Annica Bresky
AGE 44
TENURE AS CEO 0.3 years
CEO Bio

Ms. Annica Bresky M.Sc. (Engineering), MBA, serves as the President & CEO of Stora Enso Oyj since December 1, 2019. She had been Executive Vice President of Consumer Board Division at Stora Enso Oyj since 2017 until December 1, 2019. Ms. Bresky served as Chief Executive Officer and Mill Director of BillerudKorsnäs Karlsborg AB. She served as the Chief Executive Officer of Iggesund Paperboard AB, a subsidiary of Holmen AB since October 1, 2013 until October 31, 2016 and served as its Business Area Manager since October 1, 2013. She has also worked at Stora Enso’s Kvarnsveden Mill in 2001-2010 holding engineering and superintendent positions. She served as Production Manager on StoraEnso Kvarnsveden's most modern paper machine. She has been a Director of AB Fagerhult since May 13, 2019. She served as a Director of Indutrade AB (publ) since April 27, 2016 until April 26, 2017. Ms. Bresky has an MSc in Civil Engineering from Uppsala University's School of Engineering and Executive MBA.

CEO Compensation
  • Insufficient data for Annica to compare compensation growth.
  • Insufficient data for Annica to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Stora Enso Oyj management team in years:

8.5
Average Tenure
56
Average Age
  • The average tenure for the Stora Enso Oyj management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Annica Bresky

TITLE
President & CEO
AGE
44
TENURE
0.3 yrs

Seppo Parvi

TITLE
CFO, Deputy CEO & Country Manager of Finland
AGE
55
TENURE
6.2 yrs

Joakim Alpsten

TITLE
Head of M&A and Corporate Finance

Aruna Arumugam

TITLE
Head of Human Resources and Administration

Ulla Paajanen-Sainio

TITLE
Senior VP & Head of Investor Relations
AGE
56
TENURE
10.9 yrs

Per Lyrvall

TITLE
EVP of Legal
AGE
60
TENURE
12.3 yrs

Ulrika Lilja

TITLE
Executive Vice President of Communications
AGE
44
TENURE
5.6 yrs

Jarmo Alm

TITLE
Senior VP of Business Area Newsprint & Book Papers - Stora Enso Publication Paper Division
AGE
65
TENURE
16.9 yrs

Sakari Eloranta

TITLE
Senior Vice President of Pulp Competence Centre
TENURE
16.7 yrs

Antero Kasurinen

TITLE
Executive VP Consumer Board Division & Head of Packaging Materials
AGE
56
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Stora Enso Oyj board of directors in years:

3
Average Tenure
63
Average Age
  • The tenure for the Stora Enso Oyj board of directors is about average.
Board of Directors

Jorma Eloranta

TITLE
Independent Chairman of the Board
COMPENSATION
€217K
AGE
68
TENURE
3 yrs

Hans Stråberg

TITLE
Independent Vice Chairman
COMPENSATION
€115K
AGE
62
TENURE
3 yrs

Richard Nilsson

TITLE
Director
COMPENSATION
€95K
AGE
49
TENURE
6 yrs

Hock Goh

TITLE
Independent Director
COMPENSATION
€80K
AGE
64
TENURE
8 yrs

Elisabeth Fleuriot

TITLE
Independent Director
COMPENSATION
€88K
AGE
63
TENURE
7 yrs

Christiane Kuehne

TITLE
Independent Director
COMPENSATION
€84K
AGE
64
TENURE
3 yrs

Göran Sandberg

TITLE
Director
COMPENSATION
€80K
AGE
64
TENURE
3 yrs

Antti Mäkinen

TITLE
Director
COMPENSATION
€80K
AGE
58
TENURE
2.1 yrs

Mikko Helander

TITLE
Independent Director
COMPENSATION
€74K
AGE
59
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
X
Management checks
We assess Stora Enso Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Stora Enso Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

STEAS News

Simply Wall St News

STEAS Company Info

Description

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The company operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, and Paper divisions. The company develops virgin fiber carton board used for packaging for liquid, food, pharmaceutical, and luxury goods; provides fiber-based board materials and corrugated packaging products and services for various applications. It also offers various pulp grades for paper, board, tissue, textile, and hygiene product producers; wood-based solutions, such as massive wood elements and components, sawn timber goods, and pellets for sustainable heating; and paper products for print and office use, including papers made from recycled and virgin fiber. The company serves packaging manufacturers, brand owners, paper and board producers, publishers, retailers, printing houses, converters, joinery, and construction companies. Stora Enso Oyj is headquartered in Helsinki, Finland.

Details
Name: Stora Enso Oyj
STEAS
Exchange: BATS-CHIXE
Founded:
€83,034,423,984
788,619,987
Website: http://www.storaenso.com
Address: Stora Enso Oyj
Kanavaranta 1,
PO Box 309,
Helsinki,
Uusimaa, 00101,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE STERV Series R Shares OMX Nordic Exchange Helsinki FI EUR 03. May 1996
OTCPK SEOJ.F Series R Shares Pink Sheets LLC US USD 03. May 1996
DB ENUR Series R Shares Deutsche Boerse AG DE EUR 03. May 1996
LSE 0CXC Series R Shares London Stock Exchange GB EUR 03. May 1996
BATS-CHIXE STERVH Series R Shares BATS 'Chi-X Europe' GB EUR 03. May 1996
ETLX ENUR Series R Shares Eurotlx IT EUR 03. May 1996
OTCPK SEOA.Y SPON ADR REP R Pink Sheets LLC US USD 01. Sep 2000
OM STE A SER'A'NPV (SEK QUOTE) OMX Nordic Exchange Stockholm SE SEK 29. Dec 1998
OM STE R SER'R'NPV (SEK QUOTE) OMX Nordic Exchange Stockholm SE SEK 29. Dec 1998
HLSE STEAV Series A Shares OMX Nordic Exchange Helsinki FI EUR 07. May 1996
DB ENUA Series A Shares Deutsche Boerse AG DE EUR 07. May 1996
LSE 0CX9 Series A Shares London Stock Exchange GB EUR 07. May 1996
LSE 0KCK SER'R'NPV (SEK QUOTE) London Stock Exchange GB SEK 29. Dec 1998
LSE 0M32 SER'A'NPV (SEK QUOTE) London Stock Exchange GB SEK 29. Dec 1998
BATS-CHIXE STEAS SER'A'NPV (SEK QUOTE) BATS 'Chi-X Europe' GB SEK 29. Dec 1998
BATS-CHIXE STERS SER'R'NPV (SEK QUOTE) BATS 'Chi-X Europe' GB SEK 29. Dec 1998
BATS-CHIXE STEAVH Series A Shares BATS 'Chi-X Europe' GB EUR 07. May 1996
Number of employees
Current staff
Staff numbers
25,141
Stora Enso Oyj employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 19:36
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.