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Stora Enso Oyj (STEAV) Fair Value & Analysis

Consumer Cyclical · FI · Market cap €7.5B

SE Stora Enso Oyj STEAV · HE
Price€9.86
Fair Value€11.42
Upside+15.8%
Quality51/100
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Weak Growth
Thin margins · 6.6% net margin
Low debt · negative free cash flow
2.64% dividend yield
Mixed vs. peers (7/14)
Narrow moat 36/100
Evidence: High Range €8.28 – €12.25 Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 22 days ago

Share price +3.1% over the past month.

A solid business, screening 16% undervalued on our models.

What matters now

  • Our model range runs from €8.28 (bear) to €12.25 (bull), base €11.42. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€18.36 €7.78 Fair Value €11.42 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €7.78 – €18.36 · fair‑value band €8.28 – €12.25 · the €9.86 price screens below the €11.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Stora Enso Oyj (STEAV) currently trades at €9.86, while our model-based Fair Value estimate is €11.42, implying the stock looks roughly 15.8% undervalued today. We read business quality at 51/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Stora Enso Oyj generated revenue of €9.3B at a net margin of 6.6%. Revenue declined 0.2% year over year. It earns a return on equity of 6.0%. Net debt stands at €3.3B. Fundamentals as of Jul 16, 2026

Our scenario range runs from €8.28 (bear case) to €12.25 (bull case); at €9.86, 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 18% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at 16%, STEAV 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 BearBaseBull Evidence
Highest evidence
Residual Income €10.74 €11.11 €11.32 76
ROIC Compounder €7.35 €8.88 €10.21 72
Gordon GGM €2.32 €2.53 €2.85 70
All 15 models by family
DCF Models
Owner Earnings €2.33 €4.06 €7.15 31
Earnings-Based
Graham-Dodd €5.98 €7.31 €8.23 54
EPV €7.35 €8.88 €10.21 59
Dividend Discount
Gordon GGM €2.32 €2.53 €2.85 70
DDM Multi-Stage €2.32 €2.87 €3.62 61
Multiples
P/E Multiple €13.20 €17.60 €22.00 63
P/S Multiple €11.22 €14.96 €18.70 58
P/B Multiple €11.22 €14.96 €18.70 55
EV/EBIT €13.72 €19.09 €24.46 53
EV/EBITDA €15.20 €21.06 €26.92 54
EV/Revenue €8.47 €13.13 €17.78 43
Asset-Based
NCAV (Graham) €6.84 €9.16 €13.67 50
Economic Profit
Residual Income €10.74 €11.11 €11.32 76
ROIC Compounder €7.35 €8.88 €10.21 72
Growth Earnings
Growth-Adj P/E €9.34 €13.34 €17.34 68

Widest divergence: Multiples (€14.96) versus Dividend Discount (€2.53). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €9.3B
Revenue growth (YoY) -0.2%
Net margin 6.6%
Return on equity 6.0%
Free cash flow −€130M FY2025
P/E ratio 13.0
More key figures
Operating margin 5.0%
EPS (TTM) €0.7800
Dividend yield 2.5%
EPS growth (YoY) -71.4%
Net debt €3.3B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 50

Profitability 33
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 82
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

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Stora Enso Oyj 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.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€9.3B
Latest YoY
+3.1%
Avg. growth/yr (3Y)
−7.2%
Avg. growth/yr (5Y)
+1.7%
Avg. growth/yr (26Y)
−0.5%
Revenue −2.1%/yr
FY21 €10.2B
FY22 €11.7B
FY23 €9.4B
FY24 €9.0B
FY25 €9.3B
Net income −13.9%/yr
FY21 €1.3B
FY22 €1.6B
FY23 −€357M
FY24 −€136M
FY25 €695M

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Cite: Fair Value Calculator (2026). "Stora Enso Oyj Fair Value". https://www.fairvalue-calculator.com/stock/STEAV

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Packaging & Containers · 270 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 51 · Above median
Fair Value upside +16% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 1% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth -0% · Below median
Dividend yield (TTM) 2.6% · Above median
Debt / equity 0.29× · Higher than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 12.2× · Cheaper than median
P/B 0.80× · Cheaper than median
P/S (TTM) 0.93× · Pricier than median
EV/EBITDA 17.0× · Pricier than 75% of peers
PEG 45.14× · Pricier than 75% of peers

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 54 · sector 8
FUTURE 0 · sector 1
PAST 24 · sector 21
HEALTH 86 · sector 92
DIVIDEND 53 · sector 43

Insider activity: 45/100

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹181.04 ₹161.42 -11%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%
PT Panca Budi Idaman Tbk, PBID 486.00 IDR 885.39 IDR +82%

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Frequently asked questions

Is Stora Enso Oyj (STEAV) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €11.42 versus a price of €9.86, about +16% (undervalued).
What is the fair value of STEAV?
Our model-based fair value for Stora Enso Oyj is €11.42 (as of Jul 16, 2026), built from audited fundamentals. The current price is €9.86.
What is the quality score of STEAV?
Stora Enso Oyj has a Quality Score of 51/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Stora Enso Oyj (STEAV)?
Stora Enso Oyj reported trailing-twelve-month revenue of about €9.3B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of STEAV?
The net profit margin of Stora Enso Oyj is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does Stora Enso Oyj pay a dividend?
Stora Enso Oyj currently shows a dividend yield of about 2.48% relative to its recent price (as of Jul 16, 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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