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Billerud AB (BILL) Fair Value & Analysis

Basic Materials · SE · Market cap 15.6B SEK

BA Billerud AB BILL · ST
Pricekr 60.75
Fair Valuekr 48.60
Upside-20.0%
Quality95/100
Evidence: High Range kr 36.45 – kr 60.75

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from kr 46.05 to kr 48.60 (+5.5%) since Jun 23, 2026. Share price +3.5% over the past month.

Price vs Fair Value (12 months)

kr 92.59 kr 56.92 Fair Value kr 48.60 Jun 2025 Jun 2026

12‑month range kr 56.92 – kr 92.59 · fair‑value band kr 36.45 – kr 60.75 · the kr 60.75 price screens above the kr 48.60 fair value. As of Jun 24, 2026.

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Analysis

Billerud AB (BILL) currently trades at kr 60.75, while our model-based Fair Value estimate is kr 48.60 — implying the stock looks roughly 20.0% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Billerud AB generated revenue of 39.3B SEK at a net margin of 0.2%. Revenue declined 11.5% year over year. It earns a return on equity of 0.3%. Net debt stands at 6.1B SEK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 39.3B SEK
Revenue growth (YoY) -11.5%
Net margin 0.2%
Return on equity 0.3%
Free cash flow 534M SEK FY2025
P/E ratio 202.9
More key figures
Operating margin -2.0%
EPS (TTM) kr 0.3100
Dividend yield 3.2%
EPS growth (YoY) -62.2%
Net debt 6.1B SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Billerud AB (publ) provides paper and packaging materials worldwide. It operates through Region Europe, Region North America, and Other segments. The company offers liquid packaging board, containerboard, cartonboard, and sack paper; kraft paper bags; specialty and formable paper; graphic and label papers comprising coated sheets, web papers, WC Caliper web, coated digital, and inkjet papers; and hardwood and softwood pulp, which are used to produce packaging for food and beverages, industrial, medical and hygiene, and consumer and luxury goods. It also procures and supplies wood. The company serves packaging and paper manufacturers, printers, publishers, converters, and distribution partners. The company was formerly known as BillerudKorsnäs AB (publ) and changed its name to Billerud AB (publ) in October 2022. Billerud AB (publ) was founded in 1883 and is headquartered in Solna, Sweden.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Billerud AB reported revenue of kr 40.5B in FY2025 versus kr 26.2B in FY2021, a compound +11.5%/yr. Reported net income was kr 711M in FY2025, compounding −16.8%/yr from FY2021.

Revenue +11.5%/yr
FY21 kr 26.2B
FY22 kr 42.6B
FY23 kr 41.2B
FY24 kr 43.5B
FY25 kr 40.5B
Net income −16.8%/yr
FY21 kr 1.5B
FY22 kr 4.6B
FY23 kr 484M
FY24 kr 1.7B
FY25 kr 711M

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Similar stocks

6 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$16.93 R$3.33 -80%
UPM-Kymmene Oyj UPMKF $29.33 $17.60 -40%
Suzano S.A SUZB3 R$41.74 R$19.19 -54%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAB kr 100.20 kr 49.40 -51%
Shandong Sunpaper Co 002078 ¥12.75 ¥17.29 +36%
Holmen AB HLMMF $35.72 $32.71 -8%

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Frequently asked questions

Is Billerud AB (BILL) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 48.60 versus a price of kr 60.75 — about −20% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BILL?
Our 21-model fair value for Billerud AB is kr 48.60 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 60.75.
What is the quality score of BILL?
Billerud AB has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Billerud AB (BILL)?
Billerud AB reported trailing-twelve-month revenue of about 39.3B SEK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of BILL?
The net profit margin of Billerud AB is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. Based on the latest reported figures.
Does Billerud AB pay a dividend?
Billerud AB currently shows a dividend yield of about 3.23% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.