Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Metsä Board Oyj A is a leading European producer of premium fresh fibre paperboards, specializing in folding boxboards, food service boards, white kraftliners, and lightweight fresh fibre paperboards. The company engages in the production of folding boxboard, fresh fibre linerboard, and market pulp, serving brand owners, packaging converters, manufacturers of corrugated products, merchants, and consumer and retail packaging industries. Headquartered in Espoo, Finland, and incorporated in 1986, it was formerly known as M-real Corporation before renaming in March 2012 and operates as a subsidiary of Metsäliitto Cooperative within the Metsä Group. With approximately 2,300 employees, Metsä Board maintains seven production units in Finland and one in Sweden, emphasizing sustainable, recyclable fiber-based packaging solutions derived from timber in a forest-based value chain. Its products support applications in food, cosmetics, pharmaceuticals, and consumer goods, with primary revenue from Europe and presence in the Americas and Asia-Pacific. Metsä Board Oyj A shares are listed publicly, contributing to the forest industry's focus on material efficiency and innovation in packaging.
€2.70
€0.00 (-0.15%)
EOD Jul 2, 2026
The business is unprofitable at the operating level (-8.06% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.4% YoY. Margins deteriorated 10.0pp alongside, both lines moving the wrong way.
ROIC dropped from 1.16% to -4.88%, capital efficiency is deteriorating. Operating margin contracted 10.0pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€1.69B
▼ -8.4% YoY
Net Income (TTM)
-€176M
▼ -517.8% YoY
Op. Margin
-8.45%
▼ -10.0pp YoY
ROIC
-4.88%
▼ -6.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€71M
▲ +182.1% YoY
Op. Cash Flow (TTM)
€105M
▲ +305.2% YoY
Net Debt
€203M
Cash & Equiv.
€309M
3Y CAGR: -10.5%
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Metsä Board Oyj A (METSA.XHEL) trades around a two-stage DCF intrinsic value of about €2.81 per share, so at €2.70 the stock looks around fair value (4.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Metsä Board Oyj A scores 17/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.5%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €2.81 per share for METSA.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €2.11. At today's €2.70, that puts the stock about 4.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Metsä Board Oyj A scores 17 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -8.5% operating margin and a -4.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Metsä Board Oyj A pays a regular dividend of about €0.07 per share per year (typically in quarterly installments), a yield of roughly 2.5% at the current price. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For METSA.XHEL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. METSA.XHEL currently trades around its estimated intrinsic value and scores 17/100 on quality (lower-quality). It also yields about 2.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.