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Stora Enso Oyj (STE.A) AI Stock Analysis

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SE:STE.A

Stora Enso Oyj

(Nasdaq OMX AB:STE.A)

Select Model
Rating:51Neutral
Price Target:SEK 107.00â–²(2.88% Upside)
Action:reiterated
Date:11/06/26

Weak financial performance from revenue declines, margin pressure, and poor cash flow is the primary drag, reinforced by bearish technical signals of price below moving averages and negative MACD; fair valuation offers limited offset.

Positive Factors
Renewable materials platformThe diversified renewable-materials platform serves packaging, construction, industrial, and consumer-related applications, giving Stora Enso multiple end markets. Its wood and biomass focus also aligns the business with longer-term substitution toward bio-based materials.
Negative Factors
Revenue contractionA sharp revenue decline indicates weaker volumes, pricing, or end-market demand and reduces operating leverage across the asset base. If sustained, lower sales would constrain margin recovery and weaken the earnings power expected from the company’s renewable-materials portfolio.

Stora Enso Oyj (STE.A) vs. iShares MSCI Sweden ETF (EWD)

-10%-5%0%5%10%15%20%SE:STE.A-5.67%EWD+14.31%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
SEK 82.53B
Dividend Yield
1.42%
Average Volume (3M)
3,256
Price to Earnings (P/E)
19.2
Beta (1Y)
0.89
Revenue Growth
-3.86%
EPS Growth
―
Country
Sweden
Employees
18,515
Sector
Basic Materials
Sector Strength
61
Industry
Packaging & Containers

Stora Enso Oyj Business Overview & Revenue Model

Company Description

Established in 1996 and headquartered in Helsinki, Finland, Stora Enso Oyj is a global provider of sustainable and renewable solutions across the packaging, bio-based materials, timber construction, and paper sectors. The company organizes its operat...

How the Company Makes Money

Stora Enso makes money primarily by manufacturing and selling renewable, wood-based products and solutions to business customers, with revenue recognized from product deliveries under customer contracts. Key revenue streams include: (1) Packaging mat...

Stora Enso Oyj Financial Statement Overview

Summary

Income statement score of 47 reflects revenue decline and margin compression to 19.8% gross; cash flow score of 38 shows weak FCF at only 25M; balance sheet score of 68 supported by stable equity and 0.41 debt-to-equity.

Income Statement

47Neutral

Balance Sheet

68Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue9.28B9.33B9.05B9.40B11.68B10.16B
Gross Profit1.83B2.71B3.57B3.05B5.15B4.68B
EBITDA1.22B1.34B603.00M226.00M2.30B2.10B
Net Income402.00M695.00M-136.00M-357.00M1.55B1.27B
Balance Sheet
Total Assets18.73B19.06B19.80B20.75B20.92B19.03B
Cash, Cash Equivalents and Short-Term Investments831.00M1.28B2.02B2.46B1.92B1.53B
Total Debt4.39B4.47B5.73B4.92B3.92B3.87B
Total Liabilities8.21B8.41B9.81B9.87B8.42B8.36B
Stockholders Equity10.66B10.80B10.14B10.98B12.53B10.68B
Cash Flow
Free Cash Flow25.00M-130.00M-161.00M-237.00M878.00M832.00M
Operating Cash Flow553.00M645.00M952.00M752.00M1.58B1.48B
Investing Cash Flow-518.00M60.00M-1.13B-1.31B-742.00M-449.00M
Financing Cash Flow-1.41B-1.49B-301.00M1.08B-450.00M-1.22B

Stora Enso Oyj Technical Analysis

Technical Analysis SentimentNegative
Last Price104.00

Price Trends

50DMA110.85Negative
100DMA108.10Negative
200DMA108.53Negative

Market Momentum

MACD-1.87Positive
RSI39.87Neutral
STOCH42.30Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:STE.A, the sentiment is Negative. The current price of 104.00 is below the 20-day moving average (MA) of 106.78, below the 50-day MA of 110.85, and below the 200-day MA of 108.53, indicating a bearish trend. The MACD of -1.87 indicates Positive momentum. The RSI at 39.87 is Neutral, neither overbought nor oversold. The STOCH value of 42.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:STE.A.

Stora Enso Oyj Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

SE:STE.A against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:SCA.BSE:SCA.B62NeutralSEK 84.00B38.762.14%2.52%-3.07%-38.98%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
SE:HOLM.ASE:HOLM.A60NeutralSEK 45.30B21.653.83%3.20%-5.15%-24.57%
SE:STE.ASE:STE.A51NeutralSEK 82.53B19.193.68%1.42%-3.86%―
SE:BILLSE:BILL51NeutralSEK 21.76B94.140.84%2.28%-9.00%-80.79%
SE:BONGSE:BONG42NeutralSEK 133.77M-2.47-6.55%―-5.76%-7.73%

* Basic Materials Sector Average

Performance Comparison

-40%-20%0%SE:STE.ASE:BILLSE:HOLM.ASE:SCA.BSE:BONGDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
SE:STE.A and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:STE.AStora Enso Oyj (0M32)104.00-11.13-9.66%
SE:BILLBillerudKorsnas AB87.550.690.79%
SE:HOLM.AHolmen AB297.00-49.94-14.39%
SE:SCA.BSvenska Cellulosa Sca Ab119.00-3.49-2.85%
SE:BONGBong AB0.31-0.24-42.81%

Stora Enso Oyj Corporate Events

Stora Enso Seeks Approval to Separate Swedish Forest Assets

Nov 2, 2026

Stora Enso is a forest products company focused on renewable packaging, biomaterials, pulp, paper, and wood products, serving markets seeking fossil-based material alternatives. Its operations include forest assets in Sweden that support its broader...

Stora Enso Boosts Earnings as It Reshapes Operations and Forest Assets

Oct 30, 2026

Stora Enso reported Q3 2026 organic sales growth of 2%, stronger adjusted EBIT and an improved net debt to adjusted EBITDA ratio, despite lower reported sales and a weaker IFRS operating result driven by impairments and restructuring. Cash flow after...

Stora Enso Details BlackRock’s Sub-5% Global Shareholding Structure

Sep 18, 2026

Stora Enso Oyj has disclosed an updated overview of the chain of controlled undertakings related to BlackRock, Inc. and its subsidiaries, which together hold below 5% of shares and voting rights in the company through various global entities. The fil...

Stora Enso details BlackRock’s sub-5% indirect shareholding structure

Sep 17, 2026

Stora Enso Oyj disclosed an updated breakdown of BlackRock, Inc.’s indirect shareholding structure in the company, listing a series of controlled undertakings and investment management entities that together hold below 5% of Stora Enso’s shares and v...

Stora Enso Details BlackRock’s Sub-5% Institutional Holdings

Sep 14, 2026

Stora Enso has disclosed an updated notification regarding its ownership structure involving BlackRock, Inc. and a series of affiliated entities that hold positions in the company. The filing indicates that multiple BlackRock-controlled undertakings,...

Stora Enso Details BlackRock’s Sub-5% Indirect Shareholding Structure

Sep 11, 2026

Stora Enso has disclosed detailed information on the chain of controlled undertakings through which BlackRock, Inc. and its various subsidiaries hold an ownership position in the company. The filing lists multiple BlackRock entities across jurisdicti...

BlackRock Subsidiaries Report Sub-5% Holdings in Stora Enso

Aug 24, 2026

A regulatory filing from Stora Enso Oyj discloses that various subsidiaries within the BlackRock, Inc. group hold an aggregate ownership position in Stora Enso that remains below the 5 percent threshold for shares and voting rights. The document deta...

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: Nov 06, 2026