Yueyang Forest & Paper Co vs UPM-Kymmene Oyj: Fair Value & Quality
Both stocks run through our valuation models. Here is how Yueyang Forest & Paper Co (600963) and UPM-Kymmene Oyj (UPM) compare, as of Aug 25, 2026.
As of Aug 25, 2026, Fair Value Calculator sees UPM-Kymmene Oyj as the less overvalued of the two: Yueyang Forest & Paper Co trades at ¥3.32 versus a fair value of ¥1.06 (-68%), while UPM-Kymmene Oyj trades at €23.94 versus €19.43 (-19%).
Yueyang Forest & Paper Co
600963.SHG · CNY · Materials
-68%
upside to fair value
overvalued
Price¥3.32
Fair Value¥1.06
Quality42/100
UPM-Kymmene Oyj
UPM.HE · EUR · Materials
-19%
upside to fair value
overvalued
Price€23.94
Fair Value€19.43
Quality60/100
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Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Yueyang Forest & Paper CoUPM-Kymmene Oyj
Valuation
—P/E (TTM)23.0×
0.10×P/S (TTM)1.52×
0.11×P/B1.44×
3.1×EV/EBITDA14.4×
—PEG12.89×
0.8%Dividend yield6.3%
—Dividend per share€1.50
Profitability
-3%Net margin6%
3%Operating margin10%
-3%Return on equity5%
1%Return on assets2%
Growth
-7%Revenue growth (YoY)-5%
-4.1%Avg. growth/yr (3Y)-6.3%
4.0%Avg. growth/yr (5Y)2.4%
Balance & size
0.37×Debt / equity0.28×
$866MMarket cap$14B
expensiveGrowth qualitymixed
UPM-Kymmene Oyj leads: 5 to 7 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Yueyang Forest & Paper Coof which business quality 41 · market factors 26UPM-Kymmene Oyjof which business quality 58 · market factors 53
ProfitabilityMargins and returns on capital today
11
26
Quality GrowthAre margins and returns improving?
41
38
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
75
96
Low VolatilityCalm price path (market factor)
72
90
MomentumPrice trend over the last 3–12 months (market factor)
8
34
52W MomentumDistance to the 52-week high (market factor)
5
43
Net IssuanceBuybacks instead of dilution
92
88
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Yueyang Forest & Paper Co
Dividend Discount¥0.48
Multiples¥3.29
Asset-Based¥2.90
4 of 4 models see the stock below the current price.
UPM-Kymmene Oyj
DCF Models€14.17
Earnings-Based€4.21
Dividend Discount€16.20
Multiples€15.45
Asset-Based€12.71
Growth DCF€16.37
Economic Profit€7.88
Growth Earnings€11.81
24 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Yueyang Forest & Paper Co
Bear ¥0.52Fair Value ¥1.06Bull ¥1.60
¥3.32 = current price (white tick)
UPM-Kymmene Oyj
Bear €14.58Fair Value €19.43Bull €25.27
€23.94 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Yueyang Forest & Paper Co · Materials
Quality score42 · below median
Fair value upside-68% · bottom 25%
UPM-Kymmene Oyj · Materials
Quality score60 · Top 25%
Fair value upside-19% · above median
Bottom line
As of Aug 25, 2026, Fair Value Calculator sees UPM-Kymmene Oyj as the less overvalued of the two: Yueyang Forest & Paper Co trades at ¥3.32 versus a fair value of ¥1.06 (-68%), while UPM-Kymmene Oyj trades at €23.94 versus €19.43 (-19%).
UPM-Kymmene Oyj has the higher quality score (60/100).
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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.
