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Valmet Oyj (VALMT) Fair Value & Analysis

Industrials · FI · Market cap €4.1B

VO Valmet Oyj VALMT · HE
Price€27.20
Fair Value€31.80
Upside+16.9%
Quality60/100
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Mixed Growth
Thin margins · 4.8% net margin
Low debt · generates free cash flow
6.23% dividend yield
Ranks above peers (10/14)
Narrow moat 43/100
Evidence: High Range €22.17 – €39.75 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 22 days ago

Share price +31.1% over the past month.

A solid business, screening 17% undervalued on our models.

What matters now

  • Our model range runs from €22.17 (bear) to €39.75 (bull), base €31.80. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 60/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€30.97 €16.86 Fair Value €31.80 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €16.86 – €30.97 · fair‑value band €22.17 – €39.75 · the €27.20 price screens below the €31.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Valmet Oyj (VALMT) currently trades at €27.20, while our model-based Fair Value estimate is €31.80, implying the stock looks roughly 16.9% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials 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, Valmet Oyj generated revenue of €5.3B at a net margin of 4.8%. Revenue grew 5.1% year over year. It earns a return on equity of 10.5%. Net debt stands at €1.1B. Fundamentals as of Jul 18, 2026

Our scenario range runs from €22.17 (bear case) to €39.75 (bull case); at €27.20, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 11% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 17%, VALMT 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
Growth DCF €24.48 €36.26 €52.13 80
Residual Income €12.50 €13.92 €19.59 76
Rev-Margin DCF €22.35 €36.66 €52.71 74
All 26 models by family
DCF Models
FCF DCF €23.98 €37.13 €55.89 38
Owner Earnings €18.66 €29.25 €44.36 31
5Y Revenue Exit €22.35 €36.49 €54.21 39
5Y EBITDA Exit €28.53 €47.83 €69.93 41
5Y P/E Exit €20.01 €32.19 €44.61 38
10Y Revenue Exit €21.96 €34.70 €51.15 36
10Y EBITDA Exit €26.52 €42.31 €62.66 37
10Y P/E Exit €21.25 €31.81 €44.11 35
Earnings-Based
Graham-Dodd €10.30 €29.02 €38.20 54
Lynch FV €5.88 €8.40 €10.93 50
PEG = 1.0 €5.88 €8.40 €10.93 46
EPV €18.06 €21.44 €24.35 59
Dividend Discount
Gordon GGM €11.87 €23.65 €35.82 70
DDM Multi-Stage €11.87 €18.50 €24.97 61
Multiples
P/E Multiple €23.85 €31.80 €39.75 63
P/S Multiple €19.31 €25.74 €32.18 58
P/B Multiple €19.31 €25.74 €32.18 55
EV/EBIT €33.32 €45.55 €57.77 53
EV/EBITDA €35.75 €48.79 €61.82 54
EV/Revenue €22.82 €34.04 €45.26 43
Asset-Based
NCAV (Graham) €7.01 €9.40 €14.03 50
Growth DCF
Growth DCF €24.48 €36.26 €52.13 80
Rev-Margin DCF €22.35 €36.66 €52.71 74
Economic Profit
Residual Income €12.50 €13.92 €19.59 76
ROIC Compounder €18.80 €24.11 €30.35 72
Growth Earnings
Growth-Adj P/E €19.08 €27.25 €35.43 68

Widest divergence: Growth DCF (€36.26) versus Earnings-Based (€8.40). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €5.3B
Revenue growth (YoY) +5.1%
Net margin 4.8%
Return on equity 10.5%
Free cash flow €478M FY2025
P/E ratio 16.2
More key figures
Operating margin 7.2%
EPS (TTM) €1.38
Dividend yield 6.2%
EPS growth (YoY) -44.1%
Net debt €1.1B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 44

Profitability 42
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 74
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

Valmet Oyj develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific. It operates through two segments: Process Performance Solutions and Biomaterial Solutions and Services.

Full company description

Valmet Oyj develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific. It operates through two segments: Process Performance Solutions and Biomaterial Solutions and Services. The Process Performance Solutions segment delivers flow control technologies and automation systems, ranging from individual measurements to full plant-wide solutions. The Biomaterial Solutions and Services segment serves global producers in the pulp, paper, packaging, tissue, and bioenergy industries, providing complete production lines, key process islands; and a full range of lifecycle services, enabling improvements in fiber yield, energy and water efficiency, emissions, and operational uptime. It offers automation systems, distributed control systems, industrial applications, analyzers and measurements, industrial internet solutions, automation services, valves, pumps, and valve automation soultions. The company also provides technologies for pulp, energy, circularity, packaging, paper, and tissue, including rebuilds, upgrades, conversions, and maintenance services. In addition, the company develops digital solutions for remote or on-site monitoring and predictive maintenance. It serves pulp, board and paper, energy and industrial gas, biomaterials and fuel, chemical, and mineral industries. Valmet Oyj was founded in 1750 and is headquartered in Espoo, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Valmet Oyj reported revenue of €5.2B in FY2025 versus €3.9B in FY2021, a compound +7.2%/yr. Reported net income was €279M in FY2025, compounding −1.5%/yr from FY2021.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€5.2B
Latest YoY
−3.0%
Avg. growth/yr (3Y)
+0.8%
Avg. growth/yr (5Y)
+6.8%
Avg. growth/yr (15Y)
+5.1%
Revenue +7.2%/yr
FY21 €3.9B
FY22 €5.1B
FY23 €5.5B
FY24 €5.4B
FY25 €5.2B
Net income −1.5%/yr
FY21 €296M
FY22 €337M
FY23 €357M
FY24 €280M
FY25 €279M

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

Earlier news

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

Peer Group

Specialty Industrial Machinery · 809 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 60 · Above median
Fair Value upside +17% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 5% · Above median
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.45× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 16.2× · Cheaper than 75% of peers
P/B 1.84× · Cheaper than median
P/S (TTM) 0.91× · Cheaper than median
P/FCF 10.0× · Pricier than median
EV/EBITDA 8.1× · Cheaper 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 56 · sector 0
FUTURE 26 · sector 23
PAST 42 · sector 28
HEALTH 78 · sector 96
DIVIDEND 100 · sector 24

Insider activity: 40/100

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

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Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Valmet Oyj (VALMT) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €31.80 versus a price of €27.20, about +17% (undervalued).
What is the fair value of VALMT?
Our model-based fair value for Valmet Oyj is €31.80 (as of Jul 18, 2026), built from audited fundamentals. The current price is €27.20.
What is the quality score of VALMT?
Valmet Oyj has a Quality Score of 60/100. 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 Valmet Oyj (VALMT)?
Valmet Oyj reported trailing-twelve-month revenue of about €5.3B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of VALMT?
The net profit margin of Valmet Oyj is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.
Does Valmet Oyj pay a dividend?
Valmet Oyj currently shows a dividend yield of about 5.80% relative to its recent price (as of Jul 18, 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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