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Holmen AB
(HOLM.A)
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Rating:67Neutral
Price Target:
kr349.00
▲(15.56% Upside)
Action:Reiterated
Date:08/21/26
Overall score reflects a financially resilient company led by a strong, low-leverage balance sheet and continued profitability, tempered by cyclicality/normalized margins and volatile cash flow (including a notable TTM gross profit anomaly). Technicals add modest support (above key short/intermediate averages with neutral-to-positive momentum), while valuation appears reasonable but not a clear bargain.
Positive Factors
Low Leverage and Strong Balance Sheet
Low leverage reduces financial risk and interest burden, giving Holmen flexibility to sustain investment, dividends, and operations through weaker paper, timber, or energy cycles.
Negative Factors
Profitability Has Normalized From Peak Levels
Lower returns versus the peak cycle suggest reduced pricing power or less favorable industry conditions, which may constrain earnings growth until paper, timber, and energy markets improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage and Strong Balance Sheet
Low leverage reduces financial risk and interest burden, giving Holmen flexibility to sustain investment, dividends, and operations through weaker paper, timber, or energy cycles.
Read all positive factors
Holmen AB (HOLM.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr48.45B
Dividend Yield2.98%
Average Volume (3M)3.99K
Price to Earnings (P/E)18.5
Beta (1Y)0.55
Revenue Growth-4.74%
EPS Growth-0.17%
CountrySE
Employees3,435
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)17.33
Shares Outstanding45,246,468
10 Day Avg. Volume1,625
30 Day Avg. Volume3,987
Financial Highlights & Ratios
PEG Ratio5.35
Price to Book (P/B)0.99
Price to Sales (P/S)2.48
P/FCF Ratio31.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)14.47
Revenue Forecast (FY)kr22.12B
Holmen AB Business Overview & Revenue Model
Company Description
Holmen AB engages in the manufacture of paperboard, paper and wood products and runs forestry and energy production operations. It operates through the following segments: Forest, Paperboard, Paper, Wood Products, Renewable Energy, Group-wide and ...
How the Company Makes Money
Holmen makes money by monetizing its forest assets through an integrated set of product and energy businesses. (1) Paperboard: It sells paperboard used mainly for packaging applications; revenue is generated through contracted and spot sales to co...
Holmen AB Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
82
Very Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.61B | 22.06B | 22.76B | 22.80B | 23.95B | 19.48B |
| Gross Profit | -5.26B | 366.00M | 10.24B | 12.12B | 13.75B | 9.83B |
| EBITDA | 3.98B | 4.76B | 5.15B | 6.16B | 8.85B | 5.00B |
| Net Income | 2.65B | 2.88B | 2.86B | 3.70B | 5.87B | 3.00B |
Balance Sheet | ||||||
| Total Assets | 81.07B | 80.86B | 81.55B | 79.72B | 81.44B | 68.10B |
| Cash, Cash Equivalents and Short-Term Investments | 182.00M | 390.00M | 234.00M | 1.20B | 1.94B | 507.00M |
| Total Debt | 6.92B | 5.10B | 3.68B | 3.17B | 3.15B | 4.34B |
| Total Liabilities | 26.89B | 25.46B | 24.18B | 22.80B | 24.49B | 21.11B |
| Stockholders Equity | 54.18B | 55.41B | 57.37B | 56.92B | 56.95B | 46.99B |
Cash Flow | ||||||
| Free Cash Flow | 1.89B | 1.71B | 1.20B | 4.10B | 4.09B | 1.52B |
| Operating Cash Flow | 3.44B | 3.85B | 3.32B | 5.80B | 5.48B | 3.23B |
| Investing Cash Flow | -1.53B | -2.12B | -2.07B | -1.65B | -1.35B | -1.31B |
| Financing Cash Flow | -2.05B | -1.58B | -2.22B | -4.89B | -2.71B | -1.76B |
Holmen AB Technical Analysis
Positive
302.00
Price Trends
314.24
Positive
313.16
Positive
324.55
Negative
Market Momentum
1.88
Positive
52.12
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HOLM.A, the sentiment is Positive. The current price of 302 is below the 20-day moving average (MA) of 321.60, below the 50-day MA of 314.24, and below the 200-day MA of 324.55, indicating a neutral trend. The MACD of 1.88 indicates Positive momentum. The RSI at 52.12 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:HOLM.A.
Holmen AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | kr48.45B | 18.55 | 4.80% | 2.98% | -4.74% | -0.17% | |
60 Neutral | kr82.30B | 37.14 | 2.18% | 2.58% | -5.47% | -41.24% | |
56 Neutral | kr90.08B | 13.79 | 5.30% | 2.42% | -3.82% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | kr20.26B | -479.12 | -0.15% | 2.46% | -11.64% | -102.28% | |
47 Neutral | kr788.99M | -2.51 | -20.14% | 14.38% | -14.21% | 12.49% |
* General Sector Average
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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.