Holmen AB (HOLM.A) AI Stock Analysis

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Holmen AB

(Nasdaq OMX AB:HOLM.A)

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Rating:59Neutral

Price Target:SEK 315.00▲(4.65% Upside)

Action:downgraded

Date:10/24/26

The score is primarily supported by Holmen's strong, low-leverage balance sheet and positive cash generation. However, deteriorating profitability and weak technical momentum materially reduce the rating, while valuation is only moderately supportive.

Positive Factors

Conservative balance sheetVery 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 deteriorationThe 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.

Holmen AB (HOLM.A) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 45.38B
Dividend Yield: 3.16%
Average Volume (3M): 2,131
Price to Earnings (P/E): 21.8
Beta (1Y): 0.53
Revenue Growth: -5.15%
EPS Growth: -24.57%
Country: Sweden
Employees: 3,435
Sector: General
Sector Strength: 55
Industry: Paper, Lumber & Forest Products

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 Oth...

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 paperboard...

Holmen AB Financial Statement Overview

Summary

Strong balance sheet and positive cash generation are offset by declining revenue, negative gross profit, weaker margins, and reduced returns on equity.

Income Statement

42Neutral

Balance Sheet

83Very Positive

Cash Flow

66Positive

Financial statement breakdown
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

Technical Analysis SentimentNegative

Last Price301.00

Price Trends

50DMA313.64Negative

100DMA312.85Negative

200DMA319.21Negative

Market Momentum

MACD-4.14Negative

RSI40.12Neutral

STOCH20.37Neutral

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 301.00 is below the 20-day moving average (MA) of 303.95, below the 50-day MA of 313.64, and below the 200-day MA of 319.21, indicating a bearish trend. The MACD of -4.14 indicates Negative momentum. The RSI at 40.12 is Neutral, neither overbought nor oversold. The STOCH value of 20.37 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:HOLM.A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:SCA.B	62Neutral	SEK 84.31B	39.41	2.14%	2.48%	-3.07%	-38.98%
SE:HOLM.A	59Neutral	SEK 45.38B	21.84	3.83%	3.16%	-5.15%	-24.57%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:STE.A	52Neutral	SEK 84.62B	19.50	3.68%	1.38%	-3.86%	―
SE:BILL	51Neutral	SEK 21.95B	96.50	0.84%	2.23%	-9.00%	-80.79%
SE:RROS	43Neutral	SEK 608.76M	-2.20	-18.41%	―	-10.40%	38.81%

* General Sector Average

Performance Comparison

SE:HOLM.A and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:HOLM.A	Holmen AB	301.00	-40.11	-11.76%
SE:BILL	BillerudKorsnas AB	89.75	4.48	5.26%
SE:STE.A	Stora Enso Oyj (0M32)	107.00	-2.27	-2.08%
SE:SCA.B	Svenska Cellulosa Sca Ab	121.05	3.08	2.61%
SE:RROS	Rottneros AB	2.29	-0.34	-13.12%

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.

Date of analysis: Oct 24, 2026

Holmen AB AI Stock Analysis