Huhtamaki Oyj (HUH1V) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Huhtamaki Oyj stock €31.06, price €26.68, upside +16.4%, quality 60 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range €23.18 – €38.19 · fair‑value band €23.29 – €38.82 · the €26.68 price screens below the €31.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Huhtamäki Oyj provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally. It operates through Foodservice Packaging, North America, Flexible Packaging, and Fiber Packaging segments.
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The company offers beverage-to-go packaging solutions, which includes single and double-wall paper, coffee and cold drinks cups, cup carriers, lids, accessories and short run prints customized paper cups; food-to-go packaging solutions, such as trays, containers, clamshells, scoops, bowls, wraps, and various accessories for take-away and dining; and egg trays, egg cartons, fruit trays, and wine bottle separators.
In addition, it provides stickpacks, sachets, and valve pouches for coffee packaging; stand-up and spouted pouches for liquid drinks; and tea bag envelopes, paper tags, and outer packaging for tea packaging, as well as powder drinks packaging.
Further, the company offers packaged food consisting of satchets, stand up pouches, cube laminates, and cartons for culinary, ice cream, confectionary, stock cube, and other retail food markets; and pet food packaging, such as 4-side seal pouches and stand-up pouches for dry food, wet food, and snacks and treats.
Additionally, it provides wicketed bags, stand-up pouches, sachets, and flowwraps for beauty, cleaning and laundry, and family care products; OTC/nutritional supplements, prescriptive, and transdermal patches packaging; and paper-based products for ice cream, yoghurt, dairy, spreads, and other snacks.
The company also provides retail, catering disposables, and vending cups packaging products under the Chinet brand.
It serves food, beverage, and petfood companies, quick service and fast casual restaurants, foodservice operators, fresh produce packers, and retailers, as well as home and personal care, industrial, FMCG, and healthcare sectors.
Huhtamäki Oyj was founded in 1920 and is headquartered in Espoo, Finland.
Stock analysis
Huhtamaki Oyj (HUH1V) currently trades at €26.68, while our model-based Fair Value estimate is €31.06, implying the stock looks roughly 14% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €41.93 per share, and 15 of the 24 models we run sit above the €26.68 price.
Bear case: the Asset-Based group reads lowest at €5.21, and 9 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €23.29 (bear) to €38.82 (bull), the price of €26.68 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Huhtamaki Oyj reported revenue of €4.0B in FY2025 versus €3.6B in FY2021, a compound +2.6%/yr. Reported net income was €192M in FY2025, compounding −0.9%/yr from FY2021.
Key figures
Market cap €2.8B Mid · P/E ratio 13.4 · P/S ratio 0.71 · EPS (TTM) €1.99 · Dividend yield 4.3% · Net margin 5.3% · Return on equity 11.1% · Return on assets (EBIT) 7.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at 16%, HUH1V screens cheaper than that median.
Fair Value models
Bear€23.29Fair Value €31.06Bull€38.82
Price €26.68 · Upside +16.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.7266 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.7%
Start year 2020 (pandemic). Over 10 years: +3.8% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+4.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.1%
Dividend (yield on the price)4.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.1% vs 2.6%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −4.4% a year for the price and +0.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (66 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Huhtamaki's main strength lies in volume gains and margin expansion within Flexible Packaging alongside growth in sustainable Fiber formats, while its main weak point remains persistently low comparable sales growth limited by external factors.
Main risk: Currency effects and input costs continue to weigh on results and could keep annual sales growth near the recent 2 percent level instead of the targeted 5 to 6 percent, hitting overall margins and expansion.
Huhtamaki shows clear volume gains and margin expansion in Flexible Packaging while Fiber Packaging also contributes to growth in sustainable formats. Overall comparable sales rose just 2 percent in the second quarter as currency effects and input costs weighed on the broader picture. Can the shift to higher-value sustainable packaging deliver the 5 to 6 percent annual growth the company targets, or will external pressures keep results closer to recent levels?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaging & Containers · 259 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+16.4% · Above median
Profitability
Return on equity (12 months)11.1% · Above median
Return on assets4.2% · Above median
Net margin (12 months)5.3% · Above median
Operating margin (12 months)9.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)4.9% · Below median
Dividend yield (12 months)4.3% · Above median
Balance sheet
Debt / equity0.62× · Highest 25%
Valuation Multiplesvs Packaging & Containers median · lower = cheaper
P/E (12 months)13.4× · Cheaper than median
P/B1.52× · Pricier than median
P/S (12 months)0.71× · Cheaper than median
Price / free cash flow (fiscal year)9.2× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Huhtamaki Oyj Fair Value". https://www.fairvalue-calculator.com/stock/HUH1V
Frequently asked questions
Is Huhtamaki Oyj (HUH1V) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €31.06 versus a price of €26.68, about +16% upside (undervalued).
What is the fair value of HUH1V?
Our model-based fair value for Huhtamaki Oyj is €31.06 (as of Nov 8, 2026), built from audited fundamentals. The current price: €26.68.
What is the quality score of HUH1V?
Huhtamaki Oyj has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Huhtamaki Oyj (HUH1V)?
Our model-based price target is the fair value of €31.06 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario €23.29, optimistic scenario €38.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Huhtamaki Oyj stock forecast for 2026?
Our models put fair value at €31.06, about +16% upside versus a price of €26.68 (undervalued). Cautious scenario €23.29, optimistic scenario €38.82. The calculation is refreshed regularly with new filings.
What is the revenue of Huhtamaki Oyj (HUH1V)?
Huhtamaki Oyj reported trailing-twelve-month revenue of about €4.0B (latest available figure, as of Nov 8, 2026).
Does Huhtamaki Oyj pay a dividend?
Huhtamaki Oyj currently shows a dividend yield of 4.27% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Huhtamaki Oyj (HUH1V) and when is the ex-dividend date?
Huhtamaki Oyj pays a dividend of €1.14 per share a year, a dividend yield of 4.3%. The last ex-dividend date was Sep 30, 2026. A dividend has been paid every year since at least 1990. The payout ratio is 57.3% of earnings. Free cash flow covers the dividend 2.55 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Huhtamaki Oyj (HUH1V)?
For today's price to be fair in a discounted-cash-flow model, Huhtamaki Oyj would have to grow free cash flow by -2.3 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of HUH1V use?
Our models discount Huhtamaki Oyj at 8.6 %: a base by market capitalisation (mid), damped by beta 0.43, country premium for Finland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Huhtamaki Oyj that is -2.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has Huhtamaki Oyj (HUH1V) delivered so far?
Over the past 5 years revenue at Huhtamaki Oyj grew +3.7 % a year. The price currently implies free-cash-flow growth of -2.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Huhtamaki Oyj (HUH1V) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Huhtamaki Oyj (-2.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Huhtamaki Oyj (HUH1V)?
The free-cash-flow yield on the price is 10.89 %: that much free cash flow Huhtamaki Oyj produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Huhtamaki Oyj (HUH1V)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Huhtamaki Oyj it is €31.06 per share (as of Nov 8, 2026), against a price of €26.68. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Huhtamaki Oyj stock overvalued or undervalued in 2026?
As of Nov 8, 2026, HUH1V trades below its calculated fair value: price €26.68, fair value €31.06, a gap of about +16% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HUH1V?
No. The price is what the market pays today (€26.68); the fair value is what the company's own numbers justify (€31.06). For Huhtamaki Oyj the two are €4.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Huhtamaki Oyj worth?
The market values Huhtamaki Oyj at about €2.8B (market capitalisation, as of Nov 8, 2026). Per share that is €26.68; our models calculate a fair value of €31.06 per share.
What do the bullish and bearish scenarios say about HUH1V?
Our models span a range for Huhtamaki Oyj: cautious scenario €23.29, base €31.06, optimistic €38.82 per share (as of Nov 8, 2026, price €26.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HUH1V?
Huhtamaki Oyj trades at a price-to-earnings ratio of 13.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €31.06 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 18.8. Other multiples: PEG 1.6, P/B 1.5, P/S 0.7, EV/EBITDA 7.1.
What is the PEG ratio of HUH1V?
The PEG ratio of Huhtamaki Oyj is 1.63 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Huhtamaki Oyj (HUH1V)?
Balance-sheet figures for Huhtamaki Oyj (as of Nov 8, 2026): return on equity 11.1%, debt of 0.62 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is HUH1V from its 52-week high?
Huhtamaki Oyj trades at €26.68, about 16% below its 52-week high of €31.79 and 5% above the low of €25.47 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €31.06 is for.
Which stocks are comparable to Huhtamaki Oyj?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, Amcor plc, International Paper Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Huhtamaki Oyj stock attractive at the current price?
The data as of Nov 8, 2026: price €26.68, calculated fair value €31.06 (+16%), Quality Score 60/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HUH1V calculated?
We run Huhtamaki Oyj through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €31.06 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Huhtamaki Oyj currently trades 14% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Huhtamaki Oyj (HUH1V)?
The closing price on Nov 6, 2026 was €26.68. Our model-based fair value is €31.06, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Huhtamaki Oyj right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Huhtamaki Oyj (HUH1V) come from?
Earnings per share at Huhtamaki Oyj grew +3.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.0 %, EBIT margin +0.2 %, tax rate −1.4 %, residual (interest, one-offs) −0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Huhtamaki Oyj
How large is the market capitalisation of Huhtamaki Oyj (HUH1V)?
The market capitalisation of Huhtamaki Oyj is €2.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Huhtamaki Oyj (HUH1V)?
The price-to-sales ratio of Huhtamaki Oyj is 0.71 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Huhtamaki Oyj (HUH1V)?
Earnings per share at Huhtamaki Oyj are €1.99 (price ÷ EPS = P/E 13.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Huhtamaki Oyj (HUH1V)?
The dividend yield of Huhtamaki Oyj is 4.3% (payout 57.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Huhtamaki Oyj (HUH1V)?
The net margin of Huhtamaki Oyj is 5.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Huhtamaki Oyj (HUH1V)?
The return on equity (ROE) of Huhtamaki Oyj is 11.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Huhtamaki Oyj (HUH1V)?
On an EBIT basis the return on assets of Huhtamaki Oyj is 7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Huhtamaki Oyj (HUH1V)?
The operating margin of Huhtamaki Oyj is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Huhtamaki Oyj (HUH1V)?
Revenue at Huhtamaki Oyj is growing +4.9% versus a year earlier (3y avg −4.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Huhtamaki Oyj (HUH1V)?
Earnings per share at Huhtamaki Oyj are growing +2.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Huhtamaki Oyj (HUH1V) carry?
The net debt of Huhtamaki Oyj is €1.2B (fiscal year 2025, ≈ 4.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026