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Koskisen Oyj (KOSKI) Fair Value & Analysis

Basic Materials · FI · Market cap €211M

KO Koskisen Oyj KOSKI · HE
Price€8.44
Fair Value€7.36
Upside-12.8%
Quality52/100
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Expensive Growth
Thin margins · 1.4% net margin
Low debt · negative free cash flow
1.58% dividend yield
Ranks above peers (8/13)
Narrow moat 29/100
Evidence: High Range €5.90 – €9.56 Share as image

Fair value as of: Jul 14, 2026

From 17 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from €5.69 to €7.36 (+29.4%) since Jun 24, 2026. Share price −3.9% over the past month.

A solid business, but screening 13% overvalued on our models.

What matters now

  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from €5.90 (bear) to €9.56 (bull), base €7.36. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 52/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (4 years)

€9.76 €5.35 Fair Value €7.36 Dec 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

44‑month range €5.35 – €9.76 · fair‑value band €5.90 – €9.56 · the €8.44 price screens above the €7.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Koskisen Oyj (KOSKI) currently trades at €8.44, while our model-based Fair Value estimate is €7.36, implying the stock looks roughly 12.8% overvalued today. The Quality Score stands at 52/100 (solid 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, Koskisen Oyj generated revenue of €374M at a net margin of 1.4%. Revenue grew 21.8% year over year. It earns a return on equity of 3.4%. Net debt stands at €23.7M. Fundamentals as of Jul 14, 2026

Our scenario range runs from €5.90 (bear case) to €9.56 (bull case); at €8.44, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at -13%, KOSKI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income €4.71 €4.60 €3.92 76
ROIC Compounder €2.59 €2.99 €3.32 72
Gordon GGM €0.8000 €1.34 €1.74 70
All 17 models by family
DCF Models
Owner Earnings €0.2500 €0.6800 €1.22 31
Earnings-Based
Graham-Dodd €2.43 €8.17 €10.95 54
Lynch FV €1.86 €2.66 €3.46 50
PEG = 1.0 €1.86 €2.66 €3.46 46
EPV €2.59 €2.99 €3.32 59
Dividend Discount
Gordon GGM €0.8000 €1.34 €1.74 70
DDM Multi-Stage €0.8000 €1.24 €1.44 61
Multiples
P/E Multiple €4.56 €6.08 €7.60 63
P/S Multiple €4.56 €6.08 €7.60 58
P/B Multiple €4.56 €6.08 €7.60 55
EV/EBIT €5.48 €7.55 €9.63 53
EV/EBITDA €8.20 €11.19 €14.17 54
EV/Revenue €4.64 €6.96 €9.28 43
Asset-Based
NCAV (Graham) €3.39 €4.54 €6.78 50
Economic Profit
Residual Income €4.71 €4.60 €3.92 76
ROIC Compounder €2.59 €2.99 €3.32 72
Growth Earnings
Growth-Adj P/E €3.98 €5.69 €7.39 68

Widest divergence: Multiples (€6.08) versus DCF Models (€0.6800). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €374M
Revenue growth (YoY) +21.8%
Net margin 1.4%
Return on equity 3.4%
Free cash flow −€518K FY2025
P/E ratio 40.5
More key figures
Operating margin 2.4%
EPS (TTM) €0.2200
Dividend yield 1.6%
EPS growth (YoY) -79.3%
Net debt €23.7M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 53 · Market factors (momentum, volatility) 48

Profitability 53
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 51
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Koskisen Oyj operates in wood industry in Finland, Japan, Germany, Poland, other European countries, and internationally. It operates through two segments, Sawn Timber Industry and Panel Industry.

Full company description

Koskisen Oyj operates in wood industry in Finland, Japan, Germany, Poland, other European countries, and internationally. It operates through two segments, Sawn Timber Industry and Panel Industry. The company processes and produces sawn timber; plywood; chipboard; thin plywood; veneer; chipboard; zero furniture board, zero building, and zero-thin plywood; and particle board products. Additionally, it manufactures briquettes used as biofuel for heating and power plants. It also provides interior solutions for light duty utility vehicles under the Kore brand. Koskisen Oyj was founded in 1909 and is headquartered in Karkola, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Koskisen Oyj reported revenue of €355M in FY2025 versus €311M in FY2021, a compound +3.3%/yr. Reported net income was €8.6M in FY2025, compounding −26.3%/yr from FY2021.

Growth Quality 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€355M
Latest YoY
+25.7%
Avg. growth/yr (3Y) 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.
+3.8%
Avg. growth/yr (5Y) 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.
+10.0%
Revenue +3.3%/yr
FY21 €311M
FY22 €318M
FY23 €271M
FY24 €282M
FY25 €355M
Net income −26.3%/yr
FY21 €29.2M
FY22 €39.7M
FY23 €20.2M
FY24 €8.3M
FY25 €8.6M

KOSKI screens 13% overvalued. Compare with Simpson Manufacturing Co →

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Cite: Fair Value Calculator (2026). "Koskisen Oyj Fair Value". https://www.fairvalue-calculator.com/stock/KOSKI

Peer Group

Lumber & Wood Production · 76 stocks

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.

Quality Score 52 · Above median
Fair Value upside −13% · Above median
Return on equity (TTM) 3% · Above median
Return on assets 2% · Above median
Net margin (TTM) 1% · Above median
Operating margin (TTM) 2% · Above median
Revenue growth 22% · Top 25%
Dividend yield (TTM) 1.6% · Above median
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

P/E (TTM) 39.7× · Pricier than 75% of peers
P/B 1.49× · Pricier than 75% of peers
P/S (TTM) 0.65× · Pricier than median
EV/EBITDA 12.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 16 · sector 16
FUTURE 100 · sector 0
PAST 13 · sector 0
HEALTH 87 · sector 92
DIVIDEND 32 · sector 32

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $188.80 $147.92 -22%
West Fraser Timber Co WFG C$98.54 C$51.55 -48%
UFP Industries, Inc UFPI $85.93 $108.78 +27%
Stella-Jones Inc SJ C$78.93 C$96.01 +22%
Boise Cascade Company BCC $76.06 $51.92 -32%
Century Plyboards (India) Limited CENTURYPLY ₹799.50 ₹201.01 -75%
DeHua TB New Decoration Material Co 002043 ¥11.74 ¥14.78 +26%
Canfor Corporation CFP C$14.17 C$4.54 -68%
Interfor Corporation IFP C$13.45 C$6.43 -52%
Kangxin New Materials Co 600076 ¥3.05 ¥0.6700 -78%

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Frequently asked questions

Is Koskisen Oyj (KOSKI) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €7.36 versus a price of €8.44, about −13% (overvalued).
What is the fair value of KOSKI?
Our model-based fair value for Koskisen Oyj is €7.36 (as of Jul 14, 2026), built from audited fundamentals. The current price is €8.44.
What is the quality score of KOSKI?
Koskisen Oyj has a Quality Score of 52/100. 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 revenue of Koskisen Oyj (KOSKI)?
Koskisen Oyj reported trailing-twelve-month revenue of about €374M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of KOSKI?
The net profit margin of Koskisen Oyj is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does Koskisen Oyj pay a dividend?
Koskisen Oyj currently shows a dividend yield of about 1.57% relative to its recent price (as of Jul 14, 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.

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