UPM-Kymmene Oyj (ADR)

Factors to consider:

• Company pays dividends (annually): last record date 2025-10-31, amount 0.38$ (Y1.36%)
• Current price 10.7% below estimated low
• Earnings for 18 months up through Q2 (+1 year) are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2023-12-31 to 2025-12-30

• 2023-12-31 to 2024-12-30 estimated range: [30.99$, 43.89$]
• 2024-12-30 to 2025-12-30 estimated range: [31.20$, 44.70$]

Financial Metrics affecting the UPMMY estimates:

• Positive: with PPE of 47.2 at the end of fiscal year the price was neutral
• Positive: -3.60 < Operating profit margin, % of 5.81
• Positive: 1.87 < Return on assets ratio (scaled to [-100,100]) of 2.06
• Positive: Industry operating cash flow per share per price (median), % of 14.24 > 10.33
• Negative: -0.75 < Inventory ratio change, % of -0.50
• Negative: Industry earnings per price (median), % of 0 <= 0
• Positive: 41.86 < Shareholder equity ratio, % of 60.42 <= 63.39
• Negative: Industry operating profit margin (median), % of -0.68 <= 2.97
• Positive: Industry inventory ratio change (median), % of -0.43 <= -0.15