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STOCK COMPARISON

CPH Chemie und Papier vs UPM-Kymmene Oyj: Fair Value & Quality

Both stocks run through our valuation models. Here is how CPH Chemie und Papier (CPHN) and UPM-Kymmene Oyj (UPM) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees CPH Chemie und Papier as the less overvalued of the two: CPH Chemie und Papier trades at CHF 59.80 versus a fair value of CHF 50.56 (-15%), while UPM-Kymmene Oyj trades at €25.58 versus €21.04 (-18%).
CPH Chemie und Papier
CPHN.SW · CHF · Materials
-15%
upside to fair value
overvalued
PriceCHF 59.80
Fair ValueCHF 50.56
Quality67/100
UPM-Kymmene Oyj
UPM.HE · EUR · Materials
-18%
upside to fair value
overvalued
Price€25.58
Fair Value€21.04
Quality60/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

CPH Chemie und PapierUPM-Kymmene Oyj
Valuation
15.2×P/E (TTM)25.4×
1.29×P/S (TTM)1.64×
2.12×P/B1.56×
8.4×EV/EBITDA15.4×
n/aPEG12.89×
−15.5%Fair value upside−17.7%
3.4%Dividend yield5.8%
CHF 2.00Dividend per share€1.50
Profitability
7%Operating margin10%
2.23×EBIT margin trend (5Y)0.51×
11%Return on equity5%
6%Return on assets2%
Growth
8%Revenue growth (YoY)-5%
-3.4%Avg. growth/yr (3Y)-6.3%
-3.1%Avg. growth/yr (5Y)2.4%
−9.9%Value creation/yr−8.7%
Balance & size
19.4×Interest coverage (EBIT/interest)4.2×
0.05×Debt / equity0.28×
$431MMarket cap$16B
mixedGrowth qualityweak

CPH Chemie und Papier leads: 10 to 5 metric wins.

n/a = 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.

CPH Chemie und Papierof which business quality 64 · market factors 50 UPM-Kymmene Oyjof which business quality 58 · market factors 65
ProfitabilityMargins and returns on capital today
55
26
Quality GrowthAre margins and returns improving?
60
38
CashflowEarnings quality: real cash, not paper profit
35
66
Fin. StrengthBalance sheet, leverage, solvency risk
79
55
InvestmentDisciplined investing over empire-building
92
96
Low VolatilityCalm price path (market factor)
91
90
MomentumPrice trend over the last 3–12 months (market factor)
38
47
52W MomentumDistance to the 52-week high (market factor)
22
65
Net IssuanceShare count: buybacks or dilution?
82
88

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCPH Chemie und PapierPrice CHF 59.80UPM-Kymmene OyjPrice €25.58
DCF Models-26%below the priceCHF 44.04-42%below the price€14.71
Earnings-Based-37%below the priceCHF 37.57-84%below the price€4.21
Dividend Discount-71%below the priceCHF 17.64-37%below the price€16.20
Multiples+17%above the priceCHF 70.06-40%below the price€15.45
Asset-Based-62%below the priceCHF 22.74-50%below the price€12.71
Growth DCF-29%below the priceCHF 42.41-32%below the price€17.31
Economic Profit-36%below the priceCHF 38.07-69%below the price€7.88
Growth Earnings-15%below the priceCHF 50.56-54%below the price€11.81
Minimum-71%below the priceCHF 17.64-84%below the price€4.21
Maximum+17%above the priceCHF 70.06-32%below the price€17.31
Median-33%below the priceCHF 40.24-46%below the price€13.71
Geometric mean-38%below the priceCHF 37.36-55%below the price€11.55

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

CPH Chemie und Papier: 17 of 24 models see the stock below the current price.

UPM-Kymmene Oyj: 24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

CPH Chemie und Papier
Price CHF 59.80
Fair Value CHF 50.56
Bear CHF 35.39Bull CHF 65.73
UPM-Kymmene Oyj
Price €25.58
Fair Value €21.04
Bear €15.60Bull €25.27

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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.

CPH Chemie und Papier · Materials

Quality score67 · Top 25%
Fair value upside-15% · above median

UPM-Kymmene Oyj · Materials

Quality score60 · Top 25%
Fair value upside-18% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees CPH Chemie und Papier as the less overvalued of the two: CPH Chemie und Papier trades at CHF 59.80 versus a fair value of CHF 50.56 (-15%), while UPM-Kymmene Oyj trades at €25.58 versus €21.04 (-18%).

CPH Chemie und Papier has the higher quality score (67/100).

Open CPH Chemie und Papier live analysis →
CPH Chemie und Papier · UPM-Kymmene Oyj

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.