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BillerudKorsnas AB
(BILL)
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Rating:50Neutral
Price Target:
kr69.00
▼(-9.15% Downside)
Action:Reiterated
Date:07/18/26
The score is held back primarily by weakened financial performance (margin compression, near-zero/negative profits, and negative free cash flow), while the balance sheet remains moderate and supportive. Technicals are modestly constructive short-term but still weak longer-term, and valuation is a key headwind due to an extremely high P/E despite a ~2.9% dividend yield.
Positive Factors
Sustainable, resilient business model
BillerudKorsnäs' core products are renewable fiber-based packaging materials used across food, beverage, e‑commerce and industrial end markets. Structural demand for sustainable packaging supports steady long-term volumes and pricing premiums for differentiated, recyclable fiber solutions.
Negative Factors
Significant margin compression
A ~13 percentage point drop in gross margin materially weakens operating profitability and reduces margin cushions for covering fixed costs. Sustained compression suggests either input-cost pressures or lost pricing power; prolonged lower margins will depress return on capital and cash available for reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustainable, resilient business model
BillerudKorsnäs' core products are renewable fiber-based packaging materials used across food, beverage, e‑commerce and industrial end markets. Structural demand for sustainable packaging supports steady long-term volumes and pricing premiums for differentiated, recyclable fiber solutions.
Read all positive factors
BillerudKorsnas AB (BILL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr17.09B
Dividend Yield3.81%
Average Volume (3M)535.78K
Price to Earnings (P/E)221.6
Beta (1Y)0.81
Revenue Growth-11.64%
EPS Growth-102.28%
CountrySE
Employees5,890
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-0.17
Shares Outstanding249,611,420
10 Day Avg. Volume481,672
30 Day Avg. Volume535,777
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)0.84
Price to Sales (P/S)0.58
P/FCF Ratio43.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr74.50Price Target Upside-1.91% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.44
Revenue Forecast (FY)kr39.13B
BillerudKorsnas AB Business Overview & Revenue Model
Company Description
BillerudKorsnäs AB (publ), a company founded in 1926 and headquartered in Solna, Sweden, specializes in delivering fiber-based packaging materials and comprehensive solutions across Sweden and international markets. The firm organizes its operatio...
How the Company Makes Money
BillerudKorsnäs makes money mainly by producing and selling fiber-based packaging materials to brand owners, converters, and distributors. Its core revenue streams come from (1) cartonboard sold for consumer packaging (e.g., liquid packaging and o...
BillerudKorsnas AB Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
70
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.60B | 40.49B | 43.45B | 41.30B | 42.59B | 26.21B |
| Gross Profit | 13.11B | 19.47B | 21.21B | 18.95B | 23.16B | 13.36B |
| EBITDA | 2.51B | 3.92B | 4.82B | 3.33B | 8.51B | 3.88B |
| Net Income | -42.00M | 711.00M | 1.75B | 484.00M | 4.59B | 1.49B |
Balance Sheet | ||||||
| Total Assets | 47.92B | 47.39B | 50.23B | 47.93B | 51.41B | 37.98B |
| Cash, Cash Equivalents and Short-Term Investments | 932.00M | 1.28B | 2.56B | 2.30B | 2.05B | 3.56B |
| Total Debt | 7.59B | 7.39B | 7.97B | 7.58B | 5.43B | 6.73B |
| Total Liabilities | 20.48B | 19.65B | 21.29B | 20.98B | 22.16B | 17.94B |
| Stockholders Equity | 27.44B | 27.74B | 28.98B | 26.95B | 29.25B | 20.04B |
Cash Flow | ||||||
| Free Cash Flow | -149.00M | 534.00M | 593.00M | 113.00M | 3.50B | 2.37B |
| Operating Cash Flow | 2.31B | 3.19B | 3.03B | 3.29B | 6.83B | 3.89B |
| Investing Cash Flow | -2.54B | -2.64B | -2.41B | -3.13B | -9.42B | -1.50B |
| Financing Cash Flow | -562.00M | -1.62B | -545.00M | 154.00M | 895.00M | -1.90B |
BillerudKorsnas AB Technical Analysis
Positive
75.95
Price Trends
62.61
Positive
67.14
Positive
75.92
Negative
Market Momentum
0.45
Negative
68.72
Neutral
69.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BILL, the sentiment is Positive. The current price of 75.95 is above the 20-day moving average (MA) of 63.17, above the 50-day MA of 62.61, and above the 200-day MA of 75.92, indicating a neutral trend. The MACD of 0.45 indicates Negative momentum. The RSI at 68.72 is Neutral, neither overbought nor oversold. The STOCH value of 69.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BILL.
BillerudKorsnas AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | kr46.36B | 17.52 | 5.12% | 2.60% | -6.33% | -1.97% | |
63 Neutral | kr46.36B | 17.52 | ― | 2.59% | -6.33% | -1.97% | |
59 Neutral | kr72.31B | 25.88 | 3.09% | 2.49% | -3.98% | -23.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | kr17.09B | 221.61 | 2.55% | 3.81% | -11.64% | -102.28% | |
50 Neutral | kr85.26B | 12.51 | ― | 3.46% | -3.54% | ― | |
47 Neutral | kr85.26B | 12.51 | ― | 2.50% | -3.54% | ― |
* General Sector Average
SE:BILL
BillerudKorsnas AB
68.70
-14.44
-17.36%
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10.51%
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-13.44%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.