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Holmen AB
(HOLM.A)
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Rating:60Neutral
Price Target:
kr316.00
▲(4.64% Upside)
Action:Reiterated
Date:10/24/26
Overall score reflects strong financial resilience (low leverage and positive free cash flow) but meaningful near-term pressure from deteriorated income statement quality (compressed margins, negative gross margin). Technical indicators are notably weak (below key moving averages with negative MACD), which materially drags the score, while valuation is only moderately supportive due to a mid-to-high P/E balanced by a ~3.16% dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage gives Holmen financial resilience and flexibility through weaker industry conditions. A substantial equity base reduces dependence on borrowing, limits interest-related pressure, and preserves capacity to fund forestry, industrial operations, or other long-term priorities.
Negative Factors
Severe margin deterioration
The negative gross margin and materially weaker profitability indicate substantial pressure on operating economics or product mix. Even with positive operating and net margins, sustained compression could reduce reinvestment capacity and weaken earnings quality if conditions persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives Holmen financial resilience and flexibility through weaker industry conditions. A substantial equity base reduces dependence on borrowing, limits interest-related pressure, and preserves capacity to fund forestry, industrial operations, or other long-term priorities.
Read all positive factors
Holmen AB (HOLM.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr45.08B
Dividend Yield3.19%
Average Volume (3M)1.55K
Price to Earnings (P/E)21.7
Beta (1Y)0.55
Revenue Growth-5.15%
EPS Growth-24.57%
CountrySE
Employees3,435
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)13.82
Shares Outstanding45,246,468
10 Day Avg. Volume2,047
30 Day Avg. Volume1,555
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)13.84
Revenue Forecast (FY)kr21.77B
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 primarily by monetizing its forest assets through vertically integrated industrial operations and energy production. Key revenue streams include: (1) Sale of paper and paperboard: Holmen manufactures and sells paper and paperboa...
Holmen AB Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
82
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.23B | 22.06B | 22.76B | 22.80B | 23.95B | 19.48B |
| Gross Profit | -5.51B | 366.00M | 10.24B | 12.12B | 13.75B | 9.83B |
| EBITDA | 3.45B | 4.76B | 5.15B | 6.16B | 8.85B | 5.00B |
| Net Income | 2.10B | 2.88B | 2.86B | 3.70B | 5.87B | 3.00B |
Balance Sheet | ||||||
| Total Assets | 81.35B | 80.86B | 81.55B | 79.72B | 81.44B | 68.10B |
| Cash, Cash Equivalents and Short-Term Investments | 225.00M | 390.00M | 234.00M | 1.20B | 1.94B | 507.00M |
| Total Debt | 6.34B | 5.10B | 3.68B | 3.17B | 3.15B | 4.34B |
| Total Liabilities | 26.37B | 25.46B | 24.18B | 22.80B | 24.49B | 21.11B |
| Stockholders Equity | 54.98B | 55.41B | 57.37B | 56.92B | 56.95B | 46.99B |
Cash Flow | ||||||
| Free Cash Flow | 2.33B | 1.71B | 1.20B | 4.10B | 4.09B | 1.52B |
| Operating Cash Flow | 3.68B | 3.85B | 3.32B | 5.80B | 5.48B | 3.23B |
| Investing Cash Flow | -1.33B | -2.12B | -2.07B | -1.65B | -1.35B | -1.31B |
| Financing Cash Flow | -2.30B | -1.58B | -2.22B | -4.89B | -2.71B | -1.76B |
Holmen AB Technical Analysis
Negative
302.00
Price Trends
317.56
Negative
313.57
Negative
320.76
Negative
Market Momentum
-5.58
Positive
32.22
Neutral
5.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HOLM.A, the sentiment is Negative. The current price of 302 is below the 20-day moving average (MA) of 311.40, below the 50-day MA of 317.56, and below the 200-day MA of 320.76, indicating a bearish trend. The MACD of -5.58 indicates Positive momentum. The RSI at 32.22 is Neutral, neither overbought nor oversold. The STOCH value of 5.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | kr84.54B | 39.09 | 2.14% | 2.49% | -3.07% | -38.98% | |
61 Neutral | kr21.59B | 93.33 | 0.84% | 2.30% | -9.00% | -80.79% | |
60 Neutral | kr45.08B | 21.68 | 3.83% | 3.19% | -5.15% | -24.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr82.74B | 12.99 | 5.30% | 1.42% | -3.82% | ― | |
43 Neutral | kr650.15M | -2.35 | -18.41% | 14.38% | -10.40% | 38.81% |
* General Sector Average
SE:HOLM.A
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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.