Stora Enso Oyj ser. R (STE-R) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Stora Enso Oyj ser. R stock SEK 115, price SEK 108, upside +6.5%, quality 55 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range kr 81.70 – kr 203.20 · fair‑value band kr 88.77 – kr 164.87 · the kr 108.40 price screens below the kr 115.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, and Other segments.
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The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials, renewable and recyclable packaging materials for food and beverage, and transport packaging.
Its Packaging Solutions segment develops and sells fiber-based packaging products and services, including converting carton and corrugated boards for packaging solutions for retail, e-commerce, and industrials.
The company's Biomaterials segment provides various pulp for packaging, paper, tissue, specialties, and hygiene products; and tall oil and turpentine from biomass.
Its Wood Products segment offers wood-based solutions, including digital tools for design and construction of building projects with wood; applications for windows and doors; and pellets for sustainable heating solutions.
The company's Forest segment engages in sustainable forest management, as well as supplies wood. The company's Other segment produces electricity and heat. It serves packaging manufacturers, brand owners, retailers, converters, and construction companies.
The company was incorporated in 1996 and is headquartered in Helsinki, Finland.
Stock analysis
Stora Enso Oyj ser. R (STE-R) currently trades at kr 108.40, while our model-based Fair Value estimate is kr 115.46, so the stock looks roughly fairly valued today (gap 6.1%).
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Valuation
Bull case: the Multiples group reads highest at a median of kr 152.14 per share, and 11 of the 15 models we run sit above the kr 108.40 price.
Bear case: the Dividend Discount group reads lowest at kr 30.76, and 4 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 88.77 (bear) to kr 164.87 (bull), the price of kr 108.40 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 55/100 (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.
Stora Enso Oyj ser. R reported revenue of €9.3B in FY2025 versus €10.2B in FY2021, a compound −2.1%/yr. Reported net income was €695M in FY2025, compounding −13.9%/yr from FY2021.
Key figures
Market cap 85.7B SEK (≈ $8.6B) Mid · P/E ratio 13.6 · P/S ratio 1.01 · EPS (TTM) kr 7.87 · Dividend yield 0.2% · Net margin 7.5% · Return on equity 5.4% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at 7%, STE-R screens cheaper than that median.
Fair Value models
Bearkr 88.77Fair Value kr 115.46Bullkr 164.87
Price kr 108.40 · Upside +6.5%
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 (kr 6.26 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.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.1%
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.
−7.2%
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.
+1.7%
Start year 2020 (pandemic). Over 10 years: −0.7% a year
Revenue growth 26 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.
−0.5%
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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−4.6%
Dividend (yield on the price)0.2%
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.−4.6% vs 4.1%, slowing
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.11% → 10%
News mood ⓘNews mood, the average tone of recent news (97 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.
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 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+6.5% · Above median
Profitability
Return on equity (12 months)5.4% · Below median
Return on assets3.7% · Above median
Net margin (12 months)6.2% · Above median
Operating margin (12 months)4.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.1% · Below median
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.29× · Above median
Valuation Multiplesvs Packaging & Containers median · lower = cheaper
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). "Stora Enso Oyj ser. R Fair Value". https://www.fairvalue-calculator.com/stock/STE-R
Frequently asked questions
Is Stora Enso Oyj ser. R (STE-R) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of kr 115.46 versus a price of kr 108.40, about +7% upside (fairly valued).
What is the fair value of STE-R?
Our model-based fair value for Stora Enso Oyj ser. R is kr 115.46 (as of Oct 22, 2026), built from audited fundamentals. The current price: kr 108.40.
What is the quality score of STE-R?
Stora Enso Oyj ser. R has a Quality Score of 55/100. 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 Stora Enso Oyj ser. R (STE-R)?
Our model-based price target is the fair value of kr 115.46 (as of Oct 22, 2026) from 15 valuation models. Cautious scenario kr 88.77, optimistic scenario kr 164.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Stora Enso Oyj ser. R stock forecast for 2026?
Our models put fair value at kr 115.46, about +7% upside versus a price of kr 108.40 (fairly valued). Cautious scenario kr 88.77, optimistic scenario kr 164.87. The calculation is refreshed regularly with new filings.
What is the revenue of Stora Enso Oyj ser. R (STE-R)?
Stora Enso Oyj ser. R reported trailing-twelve-month revenue of about €9.3B (latest available figure, as of Oct 22, 2026).
Does Stora Enso Oyj ser. R pay a dividend?
Stora Enso Oyj ser. R currently shows a dividend yield of 0.23% relative to its recent price (as of Oct 22, 2026).
What is the intrinsic value of Stora Enso Oyj ser. R (STE-R)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Stora Enso Oyj ser. R it is kr 115.46 per share (as of Oct 22, 2026), against a price of kr 108.40. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Stora Enso Oyj ser. R stock overvalued or undervalued in 2026?
As of Oct 22, 2026, STE-R trades below its calculated fair value: price kr 108.40, fair value kr 115.46, a gap of about +7% (fairly valued). 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 STE-R?
No. The price is what the market pays today (kr 108.40); the fair value is what the company's own numbers justify (kr 115.46). For Stora Enso Oyj ser. R the two are kr 7.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is Stora Enso Oyj ser. R worth?
The market values Stora Enso Oyj ser. R at about 85.7B SEK (market capitalisation, as of Oct 22, 2026). Per share that is kr 108.40; our models calculate a fair value of kr 115.46 per share.
What do the bullish and bearish scenarios say about STE-R?
Our models span a range for Stora Enso Oyj ser. R: cautious scenario kr 88.77, base kr 115.46, optimistic kr 164.87 per share (as of Oct 22, 2026, price kr 108.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of STE-R?
Stora Enso Oyj ser. R trades at a price-to-earnings ratio of 13.6 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 115.46 is built from several models across several years. Other multiples: PEG 41.0, P/B 0.7, P/S 0.8, EV/EBITDA 15.3.
What is the PEG ratio of STE-R?
The PEG ratio of Stora Enso Oyj ser. R is 40.97 (P/E divided by earnings growth, as of Oct 22, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Stora Enso Oyj ser. R (STE-R)?
Balance-sheet figures for Stora Enso Oyj ser. R (as of Oct 22, 2026): return on equity 5.4%, debt of 0.29 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is STE-R from its 52-week high?
Stora Enso Oyj ser. R trades at kr 108.40, about 14% below its 52-week high of kr 126.60 and 7% above the low of kr 101.00 (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of kr 115.46 is for.
Which stocks are comparable to Stora Enso Oyj ser. R?
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 Stora Enso Oyj ser. R stock attractive at the current price?
The data as of Oct 22, 2026: price kr 108.40, calculated fair value kr 115.46 (+7%), Quality Score 55/100, from 15 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 STE-R calculated?
We run Stora Enso Oyj ser. R through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 115.46, 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 12.7 % above its aggregate fair value. Stora Enso Oyj ser. R currently trades 6 % 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 Stora Enso Oyj ser. R (STE-R)?
The closing price on Oct 26, 2026 was kr 108.40. Our model-based fair value is kr 115.46, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Stora Enso Oyj ser. R right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 88.77 to kr 164.87) leaves room in how you read the outcome.
Key figures of Stora Enso Oyj ser. R
How large is the market capitalisation of Stora Enso Oyj ser. R (STE-R)?
The market capitalisation of Stora Enso Oyj ser. R is 85.7B SEK (≈ $8.6B). 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 Stora Enso Oyj ser. R (STE-R)?
The price-to-sales ratio of Stora Enso Oyj ser. R is 1.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Stora Enso Oyj ser. R (STE-R)?
Earnings per share at Stora Enso Oyj ser. R are kr 7.87 (price ÷ EPS = P/E 13.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Stora Enso Oyj ser. R (STE-R)?
The dividend yield of Stora Enso Oyj ser. R is 0.2% (payout 3.2%). 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 Stora Enso Oyj ser. R (STE-R)?
The net margin of Stora Enso Oyj ser. R is 7.5% (fiscal year 2025). 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 Stora Enso Oyj ser. R (STE-R)?
The return on equity (ROE) of Stora Enso Oyj ser. R is 5.4% (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 Stora Enso Oyj ser. R (STE-R)?
On an EBIT basis the return on assets of Stora Enso Oyj ser. R is 4.3% (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 Stora Enso Oyj ser. R (STE-R)?
The operating margin of Stora Enso Oyj ser. R is 4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Stora Enso Oyj ser. R (STE-R)?
Revenue at Stora Enso Oyj ser. R is growing −0.1% versus a year earlier (3y avg −7.2%). 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 Stora Enso Oyj ser. R (STE-R)?
Earnings per share at Stora Enso Oyj ser. R are growing −71.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Stora Enso Oyj ser. R (STE-R) generate?
The free cash flow of Stora Enso Oyj ser. R is −€130M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Stora Enso Oyj ser. R (STE-R) carry?
The net debt of Stora Enso Oyj ser. R is €3.3B (fiscal year 2025). 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
Oct 22, 2026