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UPM (Upm) Stock Analysis
Buy, Hold or Sell?

Let's analyze Upm together

I guess you are interested in UPM-Kymmene Oyj. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📊 Fundamental Analysis (FA) – Upm’s Financial Insights
  • 📈 Technical Analysis (TA) – Upm’s Price Targets

I'm going to help you getting a better view of UPM-Kymmene Oyj. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Upm (30 sec.)










1.2. What can you expect buying and holding a share of Upm? (30 sec.)

How much money do you get?

How much money do you get?
€1.76
When do you have the money?
1 year
How often do you get paid?
85.0%

What is your share worth?

Current worth
€20.03
Expected worth in 1 year
€17.91
How sure are you?
92.5%

+ What do you gain per year?

Total Gains per Share
€-0.61
Return On Investment
-2.6%

For what price can you sell your share?

Current Price per Share
€23.99
Expected price per share
€21.82 - €26.00
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Upm (5 min.)




Live pricePrice per Share (EOD)
€23.99
Intrinsic Value Per Share
€11.68 - €66.24
Total Value Per Share
€31.71 - €86.26

2.2. Growth of Upm (5 min.)




Is Upm growing?

Current yearPrevious yearGrowGrow %
How rich?$12.4b$13.7b-$718.6m-5.5%

How much money is Upm making?

Current yearPrevious yearGrowGrow %
Making money$88.5m$142.3m-$53.8m-60.8%
Net Profit Margin3.0%4.7%--

How much money comes from the company's main activities?

2.3. Financial Health of Upm (5 min.)




2.4. Comparing to competitors in the Paper & Paper Products industry (5 min.)




  Industry Rankings (Paper & Paper Products)  


Richest
#1 / 112

Most Revenue
#5 / 112

Most Profit
#7 / 112
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Upm?

Welcome investor! Upm's management wants to use your money to grow the business. In return you get a share of Upm.

First you should know what it really means to hold a share of Upm. And how you can make/lose money.

Speculation

The Price per Share of Upm is €23.99. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Upm.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Upm, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €20.03. Based on the TTM, the Book Value Change Per Share is €-0.53 per quarter. Based on the YOY, the Book Value Change Per Share is €-0.51 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.38 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Upm.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.301.3%0.170.7%0.271.1%0.431.8%0.461.9%0.532.2%
Usd Book Value Change Per Share-1.90-7.9%-0.62-2.6%-0.60-2.5%-0.07-0.3%0.110.5%0.160.7%
Usd Dividend Per Share0.000.0%0.441.8%0.662.8%0.753.1%1.064.4%1.034.3%
Usd Total Gains Per Share-1.90-7.9%-0.18-0.8%0.070.3%0.682.9%1.174.9%1.195.0%
Usd Price Per Share29.05-33.51-36.68-35.89-35.56-31.48-
Price to Earnings Ratio23.83-43.06--19.08-12.46-16.75-14.62-
Price-to-Total Gains Ratio-15.32-38.91-55.99-187.90-121.26-83.42-
Price to Book Ratio1.23-1.37-1.42-1.39-1.47-1.44-
Price-to-Total Gains Ratio-15.32-38.91-55.99-187.90-121.26-83.42-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share28.217038
Number of shares35
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.441.06
Usd Book Value Change Per Share-0.620.11
Usd Total Gains Per Share-0.181.17
Gains per Quarter (35 shares)-6.3141.03
Gains per Year (35 shares)-25.25164.13
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
162-87-3514916154
2124-174-6029731318
3185-261-8544647482
4247-348-11059462646
5309-435-13574378810
6371-522-16089193974
7432-609-18510401091138
8494-696-21011881251302
9556-783-23513371401466
10618-870-26014861561630

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%10.02.00.083.3%18.02.00.090.0%38.02.00.095.0%89.011.00.089.0%
Book Value Change Per Share2.02.00.050.0%8.04.00.066.7%13.07.00.065.0%26.013.01.065.0%62.037.01.062.0%
Dividend per Share2.00.02.050.0%9.00.03.075.0%17.00.03.085.0%34.00.06.085.0%80.00.020.080.0%
Total Gains per Share2.02.00.050.0%9.03.00.075.0%17.03.00.085.0%37.03.00.092.5%82.018.00.082.0%
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3.2. Key Performance Indicators

The key performance indicators of UPM-Kymmene Oyj compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share---1.613-0.528-67%-0.506-69%-0.056-97%0.095-1805%0.135-1295%
Book Value Per Share--20.02520.854-4%21.956-9%21.983-9%20.682-3%18.510+8%
Current Ratio--1.5901.766-10%1.875-15%1.904-16%2.055-23%2.005-21%
Debt To Asset Ratio--0.4370.412+6%0.380+15%0.401+9%0.387+13%0.379+15%
Debt To Equity Ratio--0.8060.728+11%0.632+27%0.695+16%0.655+23%0.630+28%
Dividend Per Share---0.375-100%0.563-100%0.637-100%0.902-100%0.878-100%
Enterprise Value--4839730936.2007768474781.335-38%10250958908.815-53%9289628750.804-48%10215032598.483-53%9159545587.241-47%
Eps--0.2590.142+83%0.227+14%0.368-30%0.388-33%0.447-42%
Ev To Sales Ratio--0.4570.755-39%0.994-54%0.859-47%1.016-55%0.909-50%
Free Cash Flow Per Share--0.3800.356+7%0.457-17%0.234+62%0.102+275%0.323+18%
Free Cash Flow To Equity Per Share--0.3800.406-6%-0.150+139%0.053+620%0.002+16977%0.037+930%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--66.235----------
Intrinsic Value_10Y_min--11.683----------
Intrinsic Value_1Y_max--2.067----------
Intrinsic Value_1Y_min--0.983----------
Intrinsic Value_3Y_max--9.694----------
Intrinsic Value_3Y_min--3.134----------
Intrinsic Value_5Y_max--21.519----------
Intrinsic Value_5Y_min--5.466----------
Market Cap12650502760.000-3%13059730936.20015164724781.335-14%16631708908.815-21%16264045417.471-20%16119382598.483-19%14272845587.241-8%
Net Profit Margin--0.0520.030+75%0.047+11%0.068-23%0.078-34%0.092-44%
Operating Margin---0.035-100%0.062-100%0.088-100%0.101-100%0.117-100%
Operating Ratio--1.8031.363+32%0.930+94%1.041+73%0.980+84%0.924+95%
Pb Ratio1.198-3%1.2331.366-10%1.421-13%1.388-11%1.471-16%1.444-15%
Pe Ratio23.147-3%23.83243.064-45%-19.081+180%12.459+91%16.746+42%14.616+63%
Price Per Share23.990-3%24.70028.488-13%31.185-21%30.513-19%30.235-18%26.766-8%
Price To Free Cash Flow Ratio15.777-3%16.24392.440-82%18.108-10%37.113-56%11.150+46%9.018+80%
Price To Total Gains Ratio-14.876+3%-15.31638.910-139%55.986-127%187.895-108%121.265-113%83.424-118%
Quick Ratio--0.6570.787-16%1.020-36%1.033-36%1.144-43%0.983-33%
Return On Assets--0.0070.004+83%0.006+12%0.010-24%0.011-36%0.015-52%
Return On Equity--0.0130.007+86%0.011+26%0.017-20%0.019-30%0.025-46%
Total Gains Per Share---1.613-0.153-90%0.056-2967%0.582-377%0.997-262%1.013-259%
Usd Book Value--12453605600.00013054349750.000-5%13773007950.000-10%13780751266.667-10%12968310720.000-4%11609446860.000+7%
Usd Book Value Change Per Share---1.897-0.621-67%-0.595-69%-0.066-97%0.111-1805%0.159-1295%
Usd Book Value Per Share--23.55424.528-4%25.825-9%25.856-9%24.326-3%21.772+8%
Usd Dividend Per Share---0.441-100%0.662-100%0.750-100%1.061-100%1.033-100%
Usd Enterprise Value--5692491527.1589137280037.806-38%12057177868.548-53%10926461336.696-48%12014921342.335-53%10773457519.713-47%
Usd Eps--0.3050.167+83%0.267+14%0.433-30%0.457-33%0.526-42%
Usd Free Cash Flow--236416200.000222889900.000+6%286698750.000-18%146828966.667+61%63573610.000+272%202306400.000+17%
Usd Free Cash Flow Per Share--0.4470.419+7%0.538-17%0.276+62%0.119+275%0.379+18%
Usd Free Cash Flow To Equity Per Share--0.4470.478-6%-0.176+139%0.062+620%0.003+16977%0.043+930%
Usd Market Cap14879521346.312-3%15360855527.15817836749287.806-14%19562216018.548-21%19129770220.029-20%18959617812.335-19%16787720979.713-8%
Usd Price Per Share28.217-3%29.05233.507-13%36.680-21%35.890-19%35.562-18%31.482-8%
Usd Profit--161139400.00088509050.000+82%142320200.000+13%230633216.667-30%243591020.000-34%279435715.000-42%
Usd Revenue--3112225200.0003041947250.000+2%3032537650.000+3%3201028300.000-3%3015306320.000+3%2992046965.000+4%
Usd Total Gains Per Share---1.897-0.180-90%0.066-2967%0.684-377%1.172-262%1.191-259%
 EOD+5 -3MRQTTM+14 -24YOY+12 -263Y+8 -305Y+8 -3010Y+11 -27

3.3 Fundamental Score

Let's check the fundamental score of UPM-Kymmene Oyj based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1523.147
Price to Book Ratio (EOD)Between0-11.198
Net Profit Margin (MRQ)Greater than00.052
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.657
Current Ratio (MRQ)Greater than11.590
Debt to Asset Ratio (MRQ)Less than10.437
Debt to Equity Ratio (MRQ)Less than10.806
Return on Equity (MRQ)Greater than0.150.013
Return on Assets (MRQ)Greater than0.050.007
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of UPM-Kymmene Oyj based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.894
Ma 20Greater thanMa 5023.443
Ma 50Greater thanMa 10023.849
Ma 100Greater thanMa 20024.964
OpenGreater thanClose24.390
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About UPM-Kymmene Oyj

UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry. It is also involved in the generation of electricity through hydro, thermal, and nuclear power plants. In addition, the company offers self-adhesive label materials for branding and promotion, information, and functional labeling in the food, beverage, personal care, pharmaceutical, and logistics areas; labeling and packaging materials, as well as office and graphic papers for labeling, commercial siliconising, packaging, office use, printing, advertising, publishing, and home use. Further, it provides plywood and veneer products for construction, vehicle flooring, liquefied natural gas shipbuilding, parquet manufacturing, and other industrial applications; wood and wood-based biomass, and forestry services for forest investors and owners; biomedical products, such as nano-fibrillar cellulose for clinical and life science applications; wood-based lignin products for industrial use; wood-based biochemicals for replacing fossil-based raw materials; and UPM ProFi decking products and UPM formi granules. It also provides financial portfolio management services. It serves distributors and industrial users; publishers; cataloguers; retailers; printing houses; merchants; converters, and label stock manufacturers; label printers; brand owners; and producers of tissue, board, specialty, and graphic paper. Additionally, it also engages in the forestry water protection. UPM-Kymmene Oyj was founded in 1871 and is headquartered in Helsinki, Finland

Fundamental data was last updated by Penke on 2025-07-03 06:55:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is overpriced.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Upm earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Upm to the Paper & Paper Products industry mean.
  • A Net Profit Margin of 5.2% means that €0.05 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of UPM-Kymmene Oyj:

  • The MRQ is 5.2%. The company is making a profit. +1
  • The TTM is 3.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.2%TTM3.0%+2.2%
TTM3.0%YOY4.7%-1.7%
TTM3.0%5Y7.8%-4.8%
5Y7.8%10Y9.2%-1.4%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ5.2%2.0%+3.2%
TTM3.0%1.8%+1.2%
YOY4.7%3.6%+1.1%
3Y6.8%4.0%+2.8%
5Y7.8%4.8%+3.0%
10Y9.2%4.3%+4.9%
4.3.1.2. Return on Assets

Shows how efficient Upm is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Upm to the Paper & Paper Products industry mean.
  • 0.7% Return on Assets means that Upm generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of UPM-Kymmene Oyj:

  • The MRQ is 0.7%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.7%TTM0.4%+0.3%
TTM0.4%YOY0.6%-0.3%
TTM0.4%5Y1.1%-0.7%
5Y1.1%10Y1.5%-0.4%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7%0.5%+0.2%
TTM0.4%0.5%-0.1%
YOY0.6%0.8%-0.2%
3Y1.0%1.0%0.0%
5Y1.1%1.0%+0.1%
10Y1.5%1.1%+0.4%
4.3.1.3. Return on Equity

Shows how efficient Upm is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Upm to the Paper & Paper Products industry mean.
  • 1.3% Return on Equity means Upm generated €0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of UPM-Kymmene Oyj:

  • The MRQ is 1.3%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.3%TTM0.7%+0.6%
TTM0.7%YOY1.1%-0.3%
TTM0.7%5Y1.9%-1.2%
5Y1.9%10Y2.5%-0.6%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3%1.1%+0.2%
TTM0.7%1.0%-0.3%
YOY1.1%1.4%-0.3%
3Y1.7%1.9%-0.2%
5Y1.9%1.7%+0.2%
10Y2.5%2.3%+0.2%
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4.3.2. Operating Efficiency of UPM-Kymmene Oyj.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Upm is operating .

  • Measures how much profit Upm makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Upm to the Paper & Paper Products industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of UPM-Kymmene Oyj:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM3.5%-3.5%
TTM3.5%YOY6.2%-2.7%
TTM3.5%5Y10.1%-6.6%
5Y10.1%10Y11.7%-1.7%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.5%-6.5%
TTM3.5%4.2%-0.7%
YOY6.2%1.6%+4.6%
3Y8.8%4.1%+4.7%
5Y10.1%5.4%+4.7%
10Y11.7%6.2%+5.5%
4.3.2.2. Operating Ratio

Measures how efficient Upm is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Paper & Paper Products industry mean).
  • An Operation Ratio of 1.80 means that the operating costs are €1.80 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 1.803. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.363. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.803TTM1.363+0.440
TTM1.363YOY0.930+0.433
TTM1.3635Y0.980+0.382
5Y0.98010Y0.924+0.056
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8031.568+0.235
TTM1.3631.479-0.116
YOY0.9301.126-0.196
3Y1.0411.238-0.197
5Y0.9801.152-0.172
10Y0.9241.077-0.153
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4.4.3. Liquidity of UPM-Kymmene Oyj.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Upm is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Paper & Paper Products industry mean).
  • A Current Ratio of 1.59 means the company has €1.59 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 1.590. The company is able to pay all its short-term debts. +1
  • The TTM is 1.766. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.590TTM1.766-0.176
TTM1.766YOY1.875-0.109
TTM1.7665Y2.055-0.289
5Y2.05510Y2.005+0.050
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5901.381+0.209
TTM1.7661.471+0.295
YOY1.8751.592+0.283
3Y1.9041.612+0.292
5Y2.0551.569+0.486
10Y2.0051.440+0.565
4.4.3.2. Quick Ratio

Measures if Upm is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Upm to the Paper & Paper Products industry mean.
  • A Quick Ratio of 0.66 means the company can pay off €0.66 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 0.657. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.787. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.657TTM0.787-0.129
TTM0.787YOY1.020-0.234
TTM0.7875Y1.144-0.357
5Y1.14410Y0.983+0.161
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6570.620+0.037
TTM0.7870.641+0.146
YOY1.0200.689+0.331
3Y1.0330.745+0.288
5Y1.1440.778+0.366
10Y0.9830.717+0.266
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4.5.4. Solvency of UPM-Kymmene Oyj.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Upm assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Upm to Paper & Paper Products industry mean.
  • A Debt to Asset Ratio of 0.44 means that Upm assets are financed with 43.7% credit (debt) and the remaining percentage (100% - 43.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 0.437. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.412. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.437TTM0.412+0.025
TTM0.412YOY0.380+0.033
TTM0.4125Y0.387+0.025
5Y0.38710Y0.379+0.008
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4370.492-0.055
TTM0.4120.485-0.073
YOY0.3800.466-0.086
3Y0.4010.465-0.064
5Y0.3870.466-0.079
10Y0.3790.492-0.113
4.5.4.2. Debt to Equity Ratio

Measures if Upm is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Upm to the Paper & Paper Products industry mean.
  • A Debt to Equity ratio of 80.6% means that company has €0.81 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 0.806. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.728. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.806TTM0.728+0.078
TTM0.728YOY0.632+0.095
TTM0.7285Y0.655+0.073
5Y0.65510Y0.630+0.025
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8060.956-0.150
TTM0.7280.930-0.202
YOY0.6320.881-0.249
3Y0.6950.903-0.208
5Y0.6550.923-0.268
10Y0.6301.030-0.400
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Upm generates.

  • Above 15 is considered overpriced but always compare Upm to the Paper & Paper Products industry mean.
  • A PE ratio of 23.83 means the investor is paying €23.83 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of UPM-Kymmene Oyj:

  • The EOD is 23.147. Based on the earnings, the company is fair priced.
  • The MRQ is 23.832. Based on the earnings, the company is fair priced.
  • The TTM is 43.064. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD23.147MRQ23.832-0.685
MRQ23.832TTM43.064-19.233
TTM43.064YOY-19.081+62.145
TTM43.0645Y16.746+26.318
5Y16.74610Y14.616+2.130
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
EOD23.14710.855+12.292
MRQ23.8329.435+14.397
TTM43.0648.735+34.329
YOY-19.0816.822-25.903
3Y12.4597.402+5.057
5Y16.7468.593+8.153
10Y14.61610.921+3.695
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of UPM-Kymmene Oyj:

  • The EOD is 15.777. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 16.243. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 92.440. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD15.777MRQ16.243-0.467
MRQ16.243TTM92.440-76.197
TTM92.440YOY18.108+74.332
TTM92.4405Y11.150+81.290
5Y11.15010Y9.018+2.132
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
EOD15.777-1.463+17.240
MRQ16.243-1.656+17.899
TTM92.4401.752+90.688
YOY18.1083.169+14.939
3Y37.1130.920+36.193
5Y11.1502.587+8.563
10Y9.0184.100+4.918
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Upm is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Paper & Paper Products industry mean).
  • A PB ratio of 1.23 means the investor is paying €1.23 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of UPM-Kymmene Oyj:

  • The EOD is 1.198. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.233. Based on the equity, the company is underpriced. +1
  • The TTM is 1.366. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.198MRQ1.233-0.035
MRQ1.233TTM1.366-0.133
TTM1.366YOY1.421-0.055
TTM1.3665Y1.471-0.105
5Y1.47110Y1.444+0.027
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
EOD1.1980.831+0.367
MRQ1.2330.763+0.470
TTM1.3660.813+0.553
YOY1.4210.989+0.432
3Y1.3881.025+0.363
5Y1.4711.090+0.381
10Y1.4441.217+0.227
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets18,808,000
Total Liabilities8,220,000
Total Stockholder Equity10,198,000
 As reported
Total Liabilities 8,220,000
Total Stockholder Equity+ 10,198,000
Total Assets = 18,808,000

Assets

Total Assets18,808,000
Total Current Assets4,946,000
Long-term Assets13,861,000
Total Current Assets
Cash And Cash Equivalents 772,000
Short-term Investments 76,000
Net Receivables 1,968,000
Inventory 2,092,000
Total Current Assets  (as reported)4,946,000
Total Current Assets  (calculated)4,908,000
+/- 38,000
Long-term Assets
Property Plant Equipment 7,679,000
Goodwill 279,000
Intangible Assets 584,000
Long-term Assets Other 22,000
Long-term Assets  (as reported)13,861,000
Long-term Assets  (calculated)8,564,000
+/- 5,297,000

Liabilities & Shareholders' Equity

Total Current Liabilities3,110,000
Long-term Liabilities5,110,000
Total Stockholder Equity10,198,000
Total Current Liabilities
Accounts payable 2,689,000
Total Current Liabilities  (as reported)3,110,000
Total Current Liabilities  (calculated)2,689,000
+/- 421,000
Long-term Liabilities
Long-term Liabilities Other 1,000
Long-term Liabilities  (as reported)5,110,000
Long-term Liabilities  (calculated)1,000
+/- 5,109,000
Total Stockholder Equity
Retained Earnings 6,005,000
Total Stockholder Equity (as reported)10,198,000
Total Stockholder Equity (calculated)6,005,000
+/- 4,193,000
Other
Capital Stock890,000
Common Stock Shares Outstanding 528,734
Net Invested Capital 10,198,000
Net Working Capital 1,836,000
Property Plant and Equipment Gross 7,679,000



6.2. Balance Sheets Structured

Currency in EUR. All numbers in thousands.

 Trend2025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-311999-12-311999-09-301999-06-301999-03-31
> Total Assets 
11,421,317
11,280,746
11,229,907
11,018,150
11,842,023
11,456,577
12,466,859
13,106,949
13,526,226
13,332,055
14,278,882
16,459,662
16,203,318
15,653,637
15,626,356
15,387,607
14,932,304
14,912,189
14,670,951
14,491,842
17,104,923
16,647,671
16,204,227
15,865,284
15,886,058
15,499,402
15,618,891
15,529,394
15,829,467
14,867,835
14,599,323
14,468,091
14,552,006
13,933,202
14,006,991
13,953,000
13,924,000
13,935,000
14,019,000
13,781,000
13,118,000
12,619,000
12,556,000
13,605,000
13,827,000
14,230,000
14,021,000
13,812,000
13,795,000
13,608,000
15,078,000
15,389,000
14,733,000
14,804,000
14,734,000
12,893,000
14,868,000
14,611,000
14,428,000
14,599,000
14,811,000
14,461,000
14,890,000
14,195,000
14,588,000
14,176,000
14,310,000
14,193,000
14,157,000
13,566,000
13,678,000
13,911,000
13,776,000
13,234,000
13,372,000
13,067,000
12,938,000
12,881,000
13,217,000
13,996,000
14,771,000
14,098,000
14,442,000
14,722,000
14,951,000
13,903,000
13,895,000
14,858,000
15,944,000
15,683,000
16,612,000
17,676,000
18,023,000
19,399,000
22,274,000
22,207,000
20,055,000
19,220,000
19,110,000
18,697,000
18,481,000
18,613,000
19,008,000
19,096,000
18,808,000
18,808,00019,096,00019,008,00018,613,00018,481,00018,697,00019,110,00019,220,00020,055,00022,207,00022,274,00019,399,00018,023,00017,676,00016,612,00015,683,00015,944,00014,858,00013,895,00013,903,00014,951,00014,722,00014,442,00014,098,00014,771,00013,996,00013,217,00012,881,00012,938,00013,067,00013,372,00013,234,00013,776,00013,911,00013,678,00013,566,00014,157,00014,193,00014,310,00014,176,00014,588,00014,195,00014,890,00014,461,00014,811,00014,599,00014,428,00014,611,00014,868,00012,893,00014,734,00014,804,00014,733,00015,389,00015,078,00013,608,00013,795,00013,812,00014,021,00014,230,00013,827,00013,605,00012,556,00012,619,00013,118,00013,781,00014,019,00013,935,00013,924,00013,953,00014,006,99113,933,20214,552,00614,468,09114,599,32314,867,83515,829,46715,529,39415,618,89115,499,40215,886,05815,865,28416,204,22716,647,67117,104,92314,491,84214,670,95114,912,18914,932,30415,387,60715,626,35615,653,63716,203,31816,459,66214,278,88213,332,05513,526,22613,106,94912,466,85911,456,57711,842,02311,018,15011,229,90711,280,74611,421,317
   > Total Current Assets 
2,865,780
2,728,668
2,655,260
2,701,121
3,039,502
2,890,127
3,131,169
2,948,265
3,376,705
3,032,098
3,279,928
3,562,795
3,385,682
3,186,896
3,267,854
3,265,828
3,054,189
3,141,833
3,029,926
3,026,048
3,624,062
3,316,253
3,106,547
3,023,013
3,314,835
2,654,539
3,069,585
3,185,582
3,582,193
3,313,528
3,137,657
3,114,106
3,170,900
3,168,585
3,271,194
3,314,000
3,309,000
3,347,000
3,501,000
3,394,000
0
0
0
3,024,000
3,126,000
3,250,000
3,440,000
3,255,000
3,436,000
3,400,000
3,849,000
3,977,000
3,510,000
3,788,000
3,911,000
3,850,000
3,842,000
3,759,000
3,708,000
4,112,000
4,466,000
4,126,000
4,424,000
3,926,000
4,022,000
3,875,000
3,803,000
3,934,000
4,164,000
3,708,000
3,964,000
4,195,000
4,245,000
3,911,000
4,176,000
3,923,000
3,873,000
3,754,000
4,064,000
4,495,000
4,712,000
4,157,000
4,365,000
4,583,000
4,636,000
3,798,000
3,823,000
4,711,000
5,434,000
4,914,000
5,113,000
5,258,000
5,072,000
5,483,000
7,175,000
7,232,000
5,673,000
5,046,000
4,796,000
4,454,000
4,720,000
4,740,000
5,148,000
5,035,000
4,946,000
4,946,0005,035,0005,148,0004,740,0004,720,0004,454,0004,796,0005,046,0005,673,0007,232,0007,175,0005,483,0005,072,0005,258,0005,113,0004,914,0005,434,0004,711,0003,823,0003,798,0004,636,0004,583,0004,365,0004,157,0004,712,0004,495,0004,064,0003,754,0003,873,0003,923,0004,176,0003,911,0004,245,0004,195,0003,964,0003,708,0004,164,0003,934,0003,803,0003,875,0004,022,0003,926,0004,424,0004,126,0004,466,0004,112,0003,708,0003,759,0003,842,0003,850,0003,911,0003,788,0003,510,0003,977,0003,849,0003,400,0003,436,0003,255,0003,440,0003,250,0003,126,0003,024,0000003,394,0003,501,0003,347,0003,309,0003,314,0003,271,1943,168,5853,170,9003,114,1063,137,6573,313,5283,582,1933,185,5823,069,5852,654,5393,314,8353,023,0133,106,5473,316,2533,624,0623,026,0483,029,9263,141,8333,054,1893,265,8283,267,8543,186,8963,385,6823,562,7953,279,9283,032,0983,376,7052,948,2653,131,1692,890,1273,039,5022,701,1212,655,2602,728,6682,865,780
       Cash And Cash Equivalents 
0
0
0
305,094
319,122
349,587
331,029
227,854
300,228
105,894
201,977
423,714
250,111
193,267
147,848
425,025
200,440
214,670
212,747
387,487
639,588
277,106
225,170
141,635
328,629
138,756
206,966
250,760
530,481
151,042
146,561
199,272
199,866
104,167
121,233
237,000
98,000
103,000
136,000
330,000
0
0
0
438,000
365,000
263,000
484,000
269,000
312,000
250,000
335,000
495,000
92,000
89,000
284,000
468,000
390,000
314,000
298,000
787,000
1,005,000
794,000
825,000
700,000
469,000
409,000
394,000
626,000
803,000
459,000
771,000
992,000
866,000
563,000
896,000
716,000
528,000
369,000
549,000
888,000
1,064,000
678,000
1,080,000
1,536,000
1,460,000
729,000
886,000
1,720,000
2,284,000
1,578,000
1,613,000
1,460,000
1,342,000
938,000
1,591,000
2,067,000
1,016,000
768,000
773,000
632,000
710,000
558,000
917,000
892,000
772,000
772,000892,000917,000558,000710,000632,000773,000768,0001,016,0002,067,0001,591,000938,0001,342,0001,460,0001,613,0001,578,0002,284,0001,720,000886,000729,0001,460,0001,536,0001,080,000678,0001,064,000888,000549,000369,000528,000716,000896,000563,000866,000992,000771,000459,000803,000626,000394,000409,000469,000700,000825,000794,0001,005,000787,000298,000314,000390,000468,000284,00089,00092,000495,000335,000250,000312,000269,000484,000263,000365,000438,000000330,000136,000103,00098,000237,000121,233104,167199,866199,272146,561151,042530,481250,760206,966138,756328,629141,635225,170277,106639,588387,487212,747214,670200,440425,025147,848193,267250,111423,714201,977105,894300,228227,854331,029349,587319,122305,094000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
98,111
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,487,000
-1,492,000
-1,493,000
-1,552,000
-1,537,000
-1,548,000
-1,526,000
-2,140,000
-1,524,000
-1,512,000
-1,501,000
-1,868,000
-1,487,000
-1,486,000
-1,493,000
-1,874,000
-1,535,000
-1,500,000
-1,754,000
-2,163,000
-1,715,000
-1,706,000
-1,697,000
109,000
108,000
101,000
110,000
-1,876,000
95,000
95,000
90,000
-2,161,000
82,000
91,000
97,000
-2,305,000
86,000
66,000
102,000
-2,268,000
82,000
51,000
77,000
100,000
194,000
109,000
138,000
1,000
128,000
118,000
82,000
63,000
56,000
45,000
70,000
1,000
76,000
76,0001,00070,00045,00056,00063,00082,000118,000128,0001,000138,000109,000194,000100,00077,00051,00082,000-2,268,000102,00066,00086,000-2,305,00097,00091,00082,000-2,161,00090,00095,00095,000-1,876,000110,000101,000108,000109,000-1,697,000-1,706,000-1,715,000-2,163,000-1,754,000-1,500,000-1,535,000-1,874,000-1,493,000-1,486,000-1,487,000-1,868,000-1,501,000-1,512,000-1,524,000-2,140,000-1,526,000-1,548,000-1,537,000-1,552,000-1,493,000-1,492,000-1,487,00000000000000000000000000098,11100000000000000000000000
       Net Receivables 
0
0
0
0
1,621,765
1,488,000
1,606,396
1,368,000
1,721,457
1,627,000
1,744,245
1,848,832
0
1,646,798
0
1,390,000
1,498,264
1,590,000
1,497,806
1,422,902
1,719,908
1,777,000
1,683,000
1,432,000
1,669,000
1,471,807
1,615,000
1,679,333
1,739,946
1,765,546
1,727,996
-237,915
1,699,000
1,770,832
1,824,000
1,522,000
1,791,000
1,806,000
1,838,000
1,387,000
1,447,000
1,422,000
1,460,000
1,281,000
1,557,000
1,702,000
1,636,000
1,446,000
1,800,000
1,770,000
1,972,000
1,718,000
1,979,000
2,183,000
2,183,000
1,426,000
1,990,000
1,986,000
1,971,000
1,398,000
2,039,000
1,944,000
2,157,000
1,412,000
2,063,000
2,023,000
1,987,000
1,436,000
1,891,000
1,860,000
1,833,000
1,359,000
1,797,000
1,829,000
1,799,000
1,447,000
1,879,000
1,800,000
1,864,000
1,475,000
1,874,000
1,798,000
1,636,000
1,221,000
1,653,000
1,599,000
1,528,000
-2,000
1,741,000
1,897,000
1,924,000
1,320,000
2,084,000
2,548,000
3,185,000
1,613,000
2,199,000
1,855,000
1,856,000
1,255,000
1,945,000
2,005,000
1,876,000
1,432,000
1,968,000
1,968,0001,432,0001,876,0002,005,0001,945,0001,255,0001,856,0001,855,0002,199,0001,613,0003,185,0002,548,0002,084,0001,320,0001,924,0001,897,0001,741,000-2,0001,528,0001,599,0001,653,0001,221,0001,636,0001,798,0001,874,0001,475,0001,864,0001,800,0001,879,0001,447,0001,799,0001,829,0001,797,0001,359,0001,833,0001,860,0001,891,0001,436,0001,987,0002,023,0002,063,0001,412,0002,157,0001,944,0002,039,0001,398,0001,971,0001,986,0001,990,0001,426,0002,183,0002,183,0001,979,0001,718,0001,972,0001,770,0001,800,0001,446,0001,636,0001,702,0001,557,0001,281,0001,460,0001,422,0001,447,0001,387,0001,838,0001,806,0001,791,0001,522,0001,824,0001,770,8321,699,000-237,9151,727,9961,765,5461,739,9461,679,3331,615,0001,471,8071,669,0001,432,0001,683,0001,777,0001,719,9081,422,9021,497,8061,590,0001,498,2641,390,00001,646,79801,848,8321,744,2451,627,0001,721,4571,368,0001,606,3961,488,0001,621,7650000
       Inventory 
1,114,728
1,074,081
1,052,190
959,007
1,099,661
1,049,810
1,192,610
1,182,926
1,356,161
1,300,143
1,332,608
1,291,373
0
1,345,824
1,392,408
1,289,368
1,356,401
1,340,168
1,319,373
1,214,866
1,265,378
1,246,157
1,199,032
1,137,503
1,317,602
1,043,976
1,249,279
1,254,645
1,310,941
1,273,290
1,262,312
1,254,735
1,272,552
1,293,586
1,325,156
1,342,000
1,420,000
1,438,000
1,527,000
1,354,000
1,198,000
1,062,000
1,011,000
1,112,000
1,204,000
1,285,000
1,320,000
1,299,000
1,324,000
1,380,000
1,542,000
1,429,000
1,398,000
1,455,000
1,444,000
1,338,000
1,433,000
1,420,000
1,398,000
1,288,000
1,370,000
1,341,000
1,391,000
1,316,000
1,464,000
1,406,000
1,394,000
1,342,000
1,408,000
1,340,000
1,333,000
1,324,000
1,410,000
1,364,000
1,335,000
1,292,000
1,371,000
1,471,000
1,561,000
1,609,000
1,664,000
1,542,000
1,500,000
1,349,000
1,391,000
1,348,000
1,307,000
1,269,000
1,327,000
1,351,000
1,475,000
1,569,000
1,452,000
1,839,000
2,187,000
2,255,000
2,278,000
2,167,000
2,002,000
1,949,000
1,983,000
2,091,000
2,222,000
2,070,000
2,092,000
2,092,0002,070,0002,222,0002,091,0001,983,0001,949,0002,002,0002,167,0002,278,0002,255,0002,187,0001,839,0001,452,0001,569,0001,475,0001,351,0001,327,0001,269,0001,307,0001,348,0001,391,0001,349,0001,500,0001,542,0001,664,0001,609,0001,561,0001,471,0001,371,0001,292,0001,335,0001,364,0001,410,0001,324,0001,333,0001,340,0001,408,0001,342,0001,394,0001,406,0001,464,0001,316,0001,391,0001,341,0001,370,0001,288,0001,398,0001,420,0001,433,0001,338,0001,444,0001,455,0001,398,0001,429,0001,542,0001,380,0001,324,0001,299,0001,320,0001,285,0001,204,0001,112,0001,011,0001,062,0001,198,0001,354,0001,527,0001,438,0001,420,0001,342,0001,325,1561,293,5861,272,5521,254,7351,262,3121,273,2901,310,9411,254,6451,249,2791,043,9761,317,6021,137,5031,199,0321,246,1571,265,3781,214,8661,319,3731,340,1681,356,4011,289,3681,392,4081,345,82401,291,3731,332,6081,300,1431,356,1611,182,9261,192,6101,049,8101,099,661959,0071,052,1901,074,0811,114,728
       Other Current Assets 
1,751,052
1,654,587
1,603,070
1,437,020
1,620,719
1,490,730
1,607,530
1,537,485
1,720,316
1,626,061
1,745,343
1,847,708
3,135,571
1,007
1,727,598
1,551,435
1,497,349
1,586,995
0
1,423,696
1,719,096
1,792,990
1,682,345
1,645,764
1,668,603
0
1,613,340
1,680,177
1,740,771
1,889,196
1,728,784
1,795,725
1,698,483
0
1,824,805
1,735,000
1,791,000
1,806,000
0
1,710,000
0
0
0
1,474,000
1,557,000
1,702,000
1,636,000
1,687,000
1,800,000
1,770,000
1,972,000
2,094,000
2,020,000
2,244,000
2,183,000
2,042,000
29,000
39,000
41,000
600,000
52,000
47,000
51,000
458,000
26,000
37,000
28,000
496,000
62,000
49,000
27,000
530,000
172,000
155,000
146,000
449,000
95,000
114,000
90,000
1,998,000
1,902,000
1,846,000
149,000
1,698,000
132,000
122,000
102,000
1,722,000
82,000
88,000
101,000
2,129,000
194,000
158,000
212,000
1,296,000
180,000
256,000
165,000
661,000
81,000
86,000
70,000
0
0
0070,00086,00081,000661,000165,000256,000180,0001,296,000212,000158,000194,0002,129,000101,00088,00082,0001,722,000102,000122,000132,0001,698,000149,0001,846,0001,902,0001,998,00090,000114,00095,000449,000146,000155,000172,000530,00027,00049,00062,000496,00028,00037,00026,000458,00051,00047,00052,000600,00041,00039,00029,0002,042,0002,183,0002,244,0002,020,0002,094,0001,972,0001,770,0001,800,0001,687,0001,636,0001,702,0001,557,0001,474,0000001,710,00001,806,0001,791,0001,735,0001,824,80501,698,4831,795,7251,728,7841,889,1961,740,7711,680,1771,613,34001,668,6031,645,7641,682,3451,792,9901,719,0961,423,69601,586,9951,497,3491,551,4351,727,5981,0073,135,5711,847,7081,745,3431,626,0611,720,3161,537,4851,607,5301,490,7301,620,7191,437,0201,603,0701,654,5871,751,052
   > Long-term Assets 
8,555,537
8,552,079
8,574,647
8,317,029
8,802,522
8,566,450
9,335,690
10,158,684
10,149,521
10,299,956
10,998,954
12,896,867
12,817,636
12,466,741
12,358,503
12,121,778
11,878,115
11,770,357
11,641,025
11,465,793
13,480,861
13,331,418
13,097,680
12,842,271
12,571,223
12,844,863
12,549,307
12,343,812
12,247,273
11,554,306
11,461,666
11,353,985
11,381,106
10,764,618
10,735,796
10,639,000
10,615,000
10,588,000
10,518,000
10,387,000
0
0
0
10,581,000
10,701,000
10,980,000
10,581,000
10,557,000
10,359,000
10,208,000
11,229,000
11,412,000
11,223,000
11,016,000
10,823,000
9,043,000
11,026,000
10,852,000
10,720,000
10,487,000
10,345,000
10,335,000
10,466,000
10,269,000
10,566,000
10,301,000
10,507,000
10,259,000
9,993,000
9,859,000
9,714,000
9,715,000
9,532,000
9,323,000
9,196,000
9,144,000
9,064,000
9,127,000
9,153,000
9,501,000
10,060,000
9,942,000
10,078,000
10,140,000
10,315,000
10,105,000
10,072,000
10,149,000
10,511,000
10,768,000
11,500,000
12,420,000
12,951,000
13,916,000
15,101,000
14,977,000
14,382,000
14,174,000
14,314,000
14,243,000
13,761,000
13,873,000
13,860,000
14,062,000
13,861,000
13,861,00014,062,00013,860,00013,873,00013,761,00014,243,00014,314,00014,174,00014,382,00014,977,00015,101,00013,916,00012,951,00012,420,00011,500,00010,768,00010,511,00010,149,00010,072,00010,105,00010,315,00010,140,00010,078,0009,942,00010,060,0009,501,0009,153,0009,127,0009,064,0009,144,0009,196,0009,323,0009,532,0009,715,0009,714,0009,859,0009,993,00010,259,00010,507,00010,301,00010,566,00010,269,00010,466,00010,335,00010,345,00010,487,00010,720,00010,852,00011,026,0009,043,00010,823,00011,016,00011,223,00011,412,00011,229,00010,208,00010,359,00010,557,00010,581,00010,980,00010,701,00010,581,00000010,387,00010,518,00010,588,00010,615,00010,639,00010,735,79610,764,61811,381,10611,353,98511,461,66611,554,30612,247,27312,343,81212,549,30712,844,86312,571,22312,842,27113,097,68013,331,41813,480,86111,465,79311,641,02511,770,35711,878,11512,121,77812,358,50312,466,74112,817,63612,896,86710,998,95410,299,95610,149,52110,158,6849,335,6908,566,4508,802,5228,317,0298,574,6478,552,0798,555,537
       Property Plant Equipment 
8,555,537
8,551,113
8,574,647
6,244,976
6,586,459
6,566,562
7,145,459
7,557,525
7,771,672
7,867,924
8,368,865
8,949,695
8,867,482
8,585,291
8,500,268
8,260,344
8,120,098
8,050,566
7,957,417
7,832,312
8,054,914
8,064,766
7,881,768
7,615,071
7,617,871
7,575,430
7,533,075
7,310,036
7,220,488
6,746,795
6,588,134
7,567,050
7,460,149
7,406,169
6,277,498
6,179,000
6,048,000
6,007,000
6,012,000
5,707,000
6,728,000
6,591,000
6,379,000
6,214,000
6,166,000
6,230,000
5,894,000
5,882,000
5,657,000
5,504,000
6,098,000
6,242,000
6,046,000
6,000,000
5,866,000
4,846,000
5,054,000
4,958,000
4,864,000
4,757,000
4,676,000
4,678,000
4,801,000
4,707,000
4,904,000
4,822,000
4,796,000
4,895,000
4,704,000
4,664,000
4,622,000
4,657,000
4,565,000
4,394,000
4,297,000
4,280,000
4,191,000
4,213,000
4,172,000
4,186,000
4,700,000
4,613,000
4,636,000
4,673,000
4,733,000
4,740,000
4,687,000
4,877,000
5,148,000
5,385,000
5,727,000
6,178,000
6,337,000
6,879,000
7,452,000
7,449,000
7,582,000
7,940,000
7,872,000
10,091,000
10,161,000
10,331,000
10,277,000
7,933,000
7,679,000
7,679,0007,933,00010,277,00010,331,00010,161,00010,091,0007,872,0007,940,0007,582,0007,449,0007,452,0006,879,0006,337,0006,178,0005,727,0005,385,0005,148,0004,877,0004,687,0004,740,0004,733,0004,673,0004,636,0004,613,0004,700,0004,186,0004,172,0004,213,0004,191,0004,280,0004,297,0004,394,0004,565,0004,657,0004,622,0004,664,0004,704,0004,895,0004,796,0004,822,0004,904,0004,707,0004,801,0004,678,0004,676,0004,757,0004,864,0004,958,0005,054,0004,846,0005,866,0006,000,0006,046,0006,242,0006,098,0005,504,0005,657,0005,882,0005,894,0006,230,0006,166,0006,214,0006,379,0006,591,0006,728,0005,707,0006,012,0006,007,0006,048,0006,179,0006,277,4987,406,1697,460,1497,567,0506,588,1346,746,7957,220,4887,310,0367,533,0757,575,4307,617,8717,615,0717,881,7688,064,7668,054,9147,832,3127,957,4178,050,5668,120,0988,260,3448,500,2688,585,2918,867,4828,949,6958,368,8657,867,9247,771,6727,557,5257,145,4596,566,5626,586,4596,244,9768,574,6478,551,1138,555,537
       Goodwill 
0
0
0
0
0
0
0
556,000
0
0
0
120,000
0
346,000
0
2,097,000
0
1,939,000
0
1,997,000
1,636,000
1,608,000
1,580,000
1,560,000
1,560,000
1,510,000
1,513,000
1,514,000
1,514,000
1,515,114
1,512,095
1,513,865
1,513,588
1,162,824
1,163,278
1,163,000
1,163,000
1,163,000
933,000
933,000
934,000
933,000
933,000
1,017,000
1,025,000
1,034,000
1,024,000
1,022,000
1,016,000
1,013,000
1,019,000
1,022,000
1,020,000
1,009,000
1,007,000
222,000
225,000
223,000
220,000
219,000
219,000
219,000
227,000
230,000
242,000
238,000
238,000
241,000
236,000
239,000
238,000
245,000
243,000
236,000
233,000
231,000
229,000
234,000
235,000
236,000
238,000
236,000
241,000
238,000
240,000
238,000
234,000
229,000
233,000
232,000
235,000
237,000
239,000
246,000
292,000
282,000
280,000
280,000
287,000
283,000
285,000
286,000
284,000
174,000
279,000
279,000174,000284,000286,000285,000283,000287,000280,000280,000282,000292,000246,000239,000237,000235,000232,000233,000229,000234,000238,000240,000238,000241,000236,000238,000236,000235,000234,000229,000231,000233,000236,000243,000245,000238,000239,000236,000241,000238,000238,000242,000230,000227,000219,000219,000219,000220,000223,000225,000222,0001,007,0001,009,0001,020,0001,022,0001,019,0001,013,0001,016,0001,022,0001,024,0001,034,0001,025,0001,017,000933,000933,000934,000933,000933,0001,163,0001,163,0001,163,0001,163,2781,162,8241,513,5881,513,8651,512,0951,515,1141,514,0001,514,0001,513,0001,510,0001,560,0001,560,0001,580,0001,608,0001,636,0001,997,00001,939,00002,097,0000346,0000120,000000556,0000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,236,000
2,262,000
2,068,000
2,166,000
2,180,000
2,170,000
2,003,000
2,205,000
2,223,000
2,294,000
2,191,000
2,369,000
2,358,000
2,368,000
2,178,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000002,178,0002,368,0002,358,0002,369,0002,191,0002,294,0002,223,0002,205,0002,003,0002,170,0002,180,0002,166,0002,068,0002,262,0002,236,000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
295,156
313,890
315,993
430,791
703,793
765,980
771,850
825,470
2,428,770
2,401,299
2,373,563
2,351,397
2,352,883
2,304,600
2,279,676
2,257,003
2,238,371
2,156,581
2,147,161
2,087,651
2,077,307
2,111,404
2,049,958
2,044,727
2,047,452
2,088,925
510,255
485,383
460,676
434,913
418,883
407,848
392,000
411,000
425,000
431,000
403,000
1,343,000
1,327,000
1,323,000
423,000
452,000
448,000
436,000
424,000
1,459,000
1,433,000
1,496,000
1,465,000
1,489,000
460,000
447,000
357,000
364,000
353,000
346,000
342,000
360,000
349,000
344,000
340,000
345,000
346,000
337,000
329,000
313,000
300,000
301,000
299,000
307,000
299,000
305,000
295,000
304,000
311,000
310,000
296,000
323,000
326,000
332,000
326,000
366,000
364,000
367,000
363,000
349,000
326,000
373,000
366,000
490,000
440,000
549,000
552,000
607,000
540,000
734,000
715,000
712,000
595,000
580,000
580,000
584,000
584,000580,000580,000595,000712,000715,000734,000540,000607,000552,000549,000440,000490,000366,000373,000326,000349,000363,000367,000364,000366,000326,000332,000326,000323,000296,000310,000311,000304,000295,000305,000299,000307,000299,000301,000300,000313,000329,000337,000346,000345,000340,000344,000349,000360,000342,000346,000353,000364,000357,000447,000460,0001,489,0001,465,0001,496,0001,433,0001,459,000424,000436,000448,000452,000423,0001,323,0001,327,0001,343,000403,000431,000425,000411,000392,000407,848418,883434,913460,676485,383510,2552,088,9252,047,4522,044,7272,049,9582,111,4042,077,3072,087,6512,147,1612,156,5812,238,3712,257,0032,279,6762,304,6002,352,8832,351,3972,373,5632,401,2992,428,770825,470771,850765,980703,793430,791315,993313,890295,156000
       Other Assets 
0
0
0
0
0
1,997,000
0
2,602,000
0
2,434,000
0
3,940,000
0
3,888,000
0
3,859,000
0
3,727,000
0
3,640,000
4,294,000
4,082,000
4,077,000
3,970,000
3,801,000
4,116,000
3,856,000
4,191,000
3,861,000
3,865,000
3,834,000
4,089,000
3,922,000
3,358,000
3,406,000
3,727,000
3,446,000
3,443,000
3,366,000
3,698,000
3,548,000
3,352,000
3,339,000
3,137,000
3,211,000
3,395,000
3,340,000
3,387,000
3,246,000
3,245,000
3,673,000
3,822,000
3,719,000
3,508,000
3,472,000
2,880,000
4,487,000
4,423,000
4,396,000
4,512,000
4,215,000
4,204,000
4,204,000
4,459,000
4,157,000
4,008,000
3,985,000
3,706,000
3,574,000
-1,000
3,395,000
1,000
-1,000
3,267,000
3,256,000
3,263,000
1,000
532,000
535,000
649,000
-1,000
-1,000
-1,000
-1,000
512,000
466,000
497,000
-2,000
-1,000
1,000
-1,000
-2,000
720,000
754,000
-2,000
-2,000
383,000
403,000
467,000
0
0
0
0
0
0
000000467,000403,000383,000-2,000-2,000754,000720,000-2,000-1,0001,000-1,000-2,000497,000466,000512,000-1,000-1,000-1,000-1,000649,000535,000532,0001,0003,263,0003,256,0003,267,000-1,0001,0003,395,000-1,0003,574,0003,706,0003,985,0004,008,0004,157,0004,459,0004,204,0004,204,0004,215,0004,512,0004,396,0004,423,0004,487,0002,880,0003,472,0003,508,0003,719,0003,822,0003,673,0003,245,0003,246,0003,387,0003,340,0003,395,0003,211,0003,137,0003,339,0003,352,0003,548,0003,698,0003,366,0003,443,0003,446,0003,727,0003,406,0003,358,0003,922,0004,089,0003,834,0003,865,0003,861,0004,191,0003,856,0004,116,0003,801,0003,970,0004,077,0004,082,0004,294,0003,640,00003,727,00003,859,00003,888,00003,940,00002,434,00002,602,00001,997,00000000
> Total Liabilities 
6,463,565
6,173,067
5,869,817
5,730,193
6,109,346
5,826,446
6,510,609
6,934,652
7,823,042
7,424,346
7,688,291
9,609,431
9,652,235
8,990,951
8,755,458
8,428,067
8,325,114
8,241,770
7,928,250
7,602,837
10,410,351
9,596,227
9,044,612
8,208,903
8,651,587
8,211,396
8,211,326
8,166,166
8,761,606
7,888,608
7,484,832
7,179,113
7,535,754
6,984,332
7,142,248
7,170,000
7,515,000
7,350,000
7,485,000
7,661,000
7,356,000
6,842,000
6,754,000
7,003,000
7,248,000
7,281,000
7,085,000
6,703,000
6,568,000
6,412,000
7,832,000
7,912,000
7,482,000
7,371,000
7,284,000
6,972,000
7,312,000
7,251,000
7,019,000
7,144,000
7,293,000
7,134,000
7,262,000
6,715,000
6,784,000
6,545,000
6,366,000
6,249,000
6,182,000
5,904,000
5,808,000
5,674,000
5,814,000
5,156,000
5,042,000
4,403,000
3,960,000
4,148,000
4,031,000
4,199,000
4,720,000
4,541,000
4,587,000
4,547,000
5,280,000
4,446,000
4,416,000
5,345,000
6,643,000
6,076,000
6,197,000
6,569,000
6,986,000
8,101,000
9,975,000
9,329,000
7,168,000
7,527,000
7,302,000
7,166,000
6,674,000
7,518,000
7,836,000
7,556,000
8,220,000
8,220,0007,556,0007,836,0007,518,0006,674,0007,166,0007,302,0007,527,0007,168,0009,329,0009,975,0008,101,0006,986,0006,569,0006,197,0006,076,0006,643,0005,345,0004,416,0004,446,0005,280,0004,547,0004,587,0004,541,0004,720,0004,199,0004,031,0004,148,0003,960,0004,403,0005,042,0005,156,0005,814,0005,674,0005,808,0005,904,0006,182,0006,249,0006,366,0006,545,0006,784,0006,715,0007,262,0007,134,0007,293,0007,144,0007,019,0007,251,0007,312,0006,972,0007,284,0007,371,0007,482,0007,912,0007,832,0006,412,0006,568,0006,703,0007,085,0007,281,0007,248,0007,003,0006,754,0006,842,0007,356,0007,661,0007,485,0007,350,0007,515,0007,170,0007,142,2486,984,3327,535,7547,179,1137,484,8327,888,6088,761,6068,166,1668,211,3268,211,3968,651,5878,208,9039,044,6129,596,22710,410,3517,602,8377,928,2508,241,7708,325,1148,428,0678,755,4588,990,9519,652,2359,609,4317,688,2917,424,3467,823,0426,934,6526,510,6095,826,4466,109,3465,730,1935,869,8176,173,0676,463,565
   > Total Current Liabilities 
2,659,555
2,464,977
2,411,152
2,085,965
2,261,054
2,019,834
2,300,196
2,373,305
2,793,373
2,340,257
2,427,015
3,607,751
3,251,448
2,947,325
2,937,727
2,188,972
2,451,955
2,477,833
2,214,111
2,283,630
3,080,250
2,689,895
2,150,377
2,246,973
2,632,119
2,103,644
2,334,813
2,346,337
2,830,609
2,312,583
2,114,097
2,409,454
2,875,968
2,556,883
2,679,044
2,417,000
2,805,000
2,052,000
1,781,000
1,828,000
1,950,000
1,656,000
1,628,000
1,571,000
1,993,000
1,830,000
1,800,000
1,781,000
2,450,000
2,391,000
2,548,000
2,592,000
2,275,000
2,176,000
2,166,000
2,029,000
1,921,000
2,031,000
1,951,000
2,125,000
2,339,000
2,205,000
2,609,000
1,998,000
2,104,000
2,132,000
2,017,000
1,921,000
2,213,000
2,206,000
2,262,000
2,311,000
2,786,000
2,252,000
2,438,000
2,150,000
1,827,000
2,043,000
1,934,000
2,005,000
2,102,000
1,920,000
1,839,000
1,819,000
2,545,000
1,631,000
1,605,000
1,739,000
2,483,000
2,020,000
2,156,000
2,468,000
2,983,000
2,816,000
3,378,000
3,453,000
2,677,000
2,927,000
2,651,000
2,385,000
2,247,000
3,171,000
2,745,000
2,394,000
3,110,000
3,110,0002,394,0002,745,0003,171,0002,247,0002,385,0002,651,0002,927,0002,677,0003,453,0003,378,0002,816,0002,983,0002,468,0002,156,0002,020,0002,483,0001,739,0001,605,0001,631,0002,545,0001,819,0001,839,0001,920,0002,102,0002,005,0001,934,0002,043,0001,827,0002,150,0002,438,0002,252,0002,786,0002,311,0002,262,0002,206,0002,213,0001,921,0002,017,0002,132,0002,104,0001,998,0002,609,0002,205,0002,339,0002,125,0001,951,0002,031,0001,921,0002,029,0002,166,0002,176,0002,275,0002,592,0002,548,0002,391,0002,450,0001,781,0001,800,0001,830,0001,993,0001,571,0001,628,0001,656,0001,950,0001,828,0001,781,0002,052,0002,805,0002,417,0002,679,0442,556,8832,875,9682,409,4542,114,0972,312,5832,830,6092,346,3372,334,8132,103,6442,632,1192,246,9732,150,3772,689,8953,080,2502,283,6302,214,1112,477,8332,451,9552,188,9722,937,7272,947,3253,251,4483,607,7512,427,0152,340,2572,793,3732,373,3052,300,1962,019,8342,261,0542,085,9652,411,1522,464,9772,659,555
       Short-term Debt 
0
0
0
410,435
0
0
0
416,313
0
0
0
1,363,303
0
0
0
314,480
0
0
0
480,388
1,200,445
1,260,914
0
470,640
945,773
935,779
981,635
260,047
0
0
760,381
1,072,889
1,067,447
1,117,759
1,195,514
931,000
995,000
704,000
378,000
537,000
0
0
0
300,000
369,000
384,000
423,000
297,000
966,000
952,000
889,000
877,000
331,000
334,000
368,000
384,000
346,000
580,000
474,000
643,000
693,000
660,000
973,000
406,000
350,000
537,000
461,000
269,000
573,000
591,000
636,000
503,000
425,000
451,000
607,000
324,000
34,000
207,000
25,000
22,000
127,000
138,000
137,000
102,000
105,000
96,000
88,000
90,000
76,000
77,000
80,000
79,000
269,000
399,000
520,000
534,000
493,000
452,000
271,000
327,000
176,000
503,000
189,000
0
0
00189,000503,000176,000327,000271,000452,000493,000534,000520,000399,000269,00079,00080,00077,00076,00090,00088,00096,000105,000102,000137,000138,000127,00022,00025,000207,00034,000324,000607,000451,000425,000503,000636,000591,000573,000269,000461,000537,000350,000406,000973,000660,000693,000643,000474,000580,000346,000384,000368,000334,000331,000877,000889,000952,000966,000297,000423,000384,000369,000300,000000537,000378,000704,000995,000931,0001,195,5141,117,7591,067,4471,072,889760,38100260,047981,635935,779945,773470,64001,260,9141,200,445480,388000314,4800001,363,303000416,313000410,435000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
657,000
715,000
616,000
1,956,000
1,887,000
607,000
324,000
34,000
207,000
25,000
17,000
127,000
133,000
137,000
19,000
0
0
0
7,000
0
0
0
9,000
0
0
0
450,000
0
0
0
200,000
0
0
0
37,000
0
037,000000200,000000450,0000009,0000007,00000019,000137,000133,000127,00017,00025,000207,00034,000324,000607,0001,887,0001,956,000616,000715,000657,000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
594,286
0
0
0
703,793
0
0
0
880,022
0
0
0
722,351
0
0
0
727,331
1,879,805
1,428,161
1,347,806
682,354
1,686,346
1,167,865
1,352,346
690,646
1,767,996
1,286,594
1,353,715
1,533,565
1,808,521
1,439,124
1,483,530
1,443,000
1,810,000
1,348,000
1,403,000
1,258,000
1,400,000
1,142,000
1,199,000
1,206,000
1,624,000
1,446,000
1,377,000
1,417,000
1,437,000
1,376,000
1,614,000
931,000
1,893,000
1,738,000
1,746,000
956,000
1,512,000
1,392,000
1,404,000
831,000
1,565,000
1,472,000
1,568,000
854,000
1,720,000
1,579,000
1,535,000
917,000
1,582,000
1,561,000
1,573,000
994,000
2,246,000
1,707,000
1,717,000
1,167,000
1,734,000
1,722,000
1,792,000
1,311,000
1,861,000
1,721,000
1,602,000
1,130,000
2,308,000
1,441,000
1,432,000
1,128,000
2,325,000
1,828,000
1,920,000
1,697,000
2,546,000
2,159,000
2,499,000
1,855,000
2,046,000
2,354,000
2,237,000
1,297,000
1,842,000
2,347,000
2,305,000
1,369,000
2,689,000
2,689,0001,369,0002,305,0002,347,0001,842,0001,297,0002,237,0002,354,0002,046,0001,855,0002,499,0002,159,0002,546,0001,697,0001,920,0001,828,0002,325,0001,128,0001,432,0001,441,0002,308,0001,130,0001,602,0001,721,0001,861,0001,311,0001,792,0001,722,0001,734,0001,167,0001,717,0001,707,0002,246,000994,0001,573,0001,561,0001,582,000917,0001,535,0001,579,0001,720,000854,0001,568,0001,472,0001,565,000831,0001,404,0001,392,0001,512,000956,0001,746,0001,738,0001,893,000931,0001,614,0001,376,0001,437,0001,417,0001,377,0001,446,0001,624,0001,206,0001,199,0001,142,0001,400,0001,258,0001,403,0001,348,0001,810,0001,443,0001,483,5301,439,1241,808,5211,533,5651,353,7151,286,5941,767,996690,6461,352,3461,167,8651,686,346682,3541,347,8061,428,1611,879,805727,331000722,351000880,022000703,793000594,286000
       Other Current Liabilities 
2,659,555
2,464,977
2,411,152
1,081,244
2,261,054
2,019,834
2,300,196
1,253,199
2,793,373
2,340,257
2,427,015
577,690
3,251,448
2,947,325
2,937,727
653,737
2,451,955
2,477,833
2,214,111
436,717
1,882,000
820
802,572
721,451
0
0
831
987,843
1,062,613
1,025,989
0
-196,999
0
0
0
43,000
0
0
0
33,000
0
0
0
23,000
0
0
0
33,000
47,000
63,000
45,000
746,000
2,000
55,000
52,000
620,000
63,000
59,000
73,000
588,000
81,000
73,000
68,000
695,000
34,000
16,000
21,000
702,000
58,000
4,000
53,000
114,000
39,000
-12,000
-20,000
629,000
15,000
68,000
43,000
646,000
94,000
31,000
38,000
66,000
71,000
-11,000
-59,000
480,000
51,000
48,000
-22,000
692,000
126,000
224,000
285,000
1,064,000
59,000
79,000
97,000
733,000
147,000
229,000
224,000
101,000
0
0101,000224,000229,000147,000733,00097,00079,00059,0001,064,000285,000224,000126,000692,000-22,00048,00051,000480,000-59,000-11,00071,00066,00038,00031,00094,000646,00043,00068,00015,000629,000-20,000-12,00039,000114,00053,0004,00058,000702,00021,00016,00034,000695,00068,00073,00081,000588,00073,00059,00063,000620,00052,00055,0002,000746,00045,00063,00047,00033,00000023,00000033,00000043,000000-196,99901,025,9891,062,613987,84383100721,451802,5728201,882,000436,7172,214,1112,477,8332,451,955653,7372,937,7272,947,3253,251,448577,6902,427,0152,340,2572,793,3731,253,1992,300,1962,019,8342,261,0541,081,2442,411,1522,464,9772,659,555
   > Long-term Liabilities 
3,804,009
3,708,090
3,458,665
3,644,228
3,848,291
3,806,611
4,210,413
4,561,346
5,029,669
5,084,089
5,261,276
6,001,679
6,400,787
6,043,626
5,817,732
6,239,095
5,873,159
5,763,938
5,714,139
5,319,207
7,330,101
6,906,332
6,894,235
5,961,930
6,019,468
6,107,752
5,876,513
5,819,829
5,930,997
5,576,025
5,370,735
4,769,659
4,659,786
4,427,449
4,463,204
4,753,000
4,710,000
5,298,000
5,704,000
5,833,000
0
0
0
5,432,000
5,255,000
5,451,000
5,285,000
4,922,000
4,118,000
4,021,000
5,284,000
5,320,000
5,207,000
5,195,000
5,118,000
4,943,000
5,391,000
5,220,000
5,068,000
5,019,000
4,954,000
4,929,000
4,653,000
4,717,000
4,680,000
4,413,000
4,349,000
4,328,000
3,969,000
3,698,000
3,546,000
3,363,000
3,028,000
2,904,000
2,604,000
2,253,000
2,133,000
2,105,000
2,097,000
2,194,000
2,618,000
2,621,000
2,748,000
2,728,000
2,735,000
2,815,000
2,811,000
3,606,000
4,160,000
4,056,000
4,041,000
4,101,000
4,003,000
5,285,000
6,597,000
5,876,000
4,491,000
4,600,000
4,651,000
4,781,000
4,427,000
4,347,000
5,091,000
5,162,000
5,110,000
5,110,0005,162,0005,091,0004,347,0004,427,0004,781,0004,651,0004,600,0004,491,0005,876,0006,597,0005,285,0004,003,0004,101,0004,041,0004,056,0004,160,0003,606,0002,811,0002,815,0002,735,0002,728,0002,748,0002,621,0002,618,0002,194,0002,097,0002,105,0002,133,0002,253,0002,604,0002,904,0003,028,0003,363,0003,546,0003,698,0003,969,0004,328,0004,349,0004,413,0004,680,0004,717,0004,653,0004,929,0004,954,0005,019,0005,068,0005,220,0005,391,0004,943,0005,118,0005,195,0005,207,0005,320,0005,284,0004,021,0004,118,0004,922,0005,285,0005,451,0005,255,0005,432,0000005,833,0005,704,0005,298,0004,710,0004,753,0004,463,2044,427,4494,659,7864,769,6595,370,7355,576,0255,930,9975,819,8295,876,5136,107,7526,019,4685,961,9306,894,2356,906,3327,330,1015,319,2075,714,1395,763,9385,873,1596,239,0955,817,7326,043,6266,400,7876,001,6795,261,2765,084,0895,029,6694,561,3464,210,4133,806,6113,848,2913,644,2283,458,6653,708,0903,804,009
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,566,000
2,534,000
3,940,000
5,234,000
4,476,000
3,098,000
3,176,000
3,090,000
0
0
0
0
0
0
0000003,090,0003,176,0003,098,0004,476,0005,234,0003,940,0002,534,0002,566,0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
406,000
0
0
0
822,000
0
0
0
791,000
0
0
0
704,000
785,000
791,000
806,000
610,000
618,000
667,000
644,000
738,000
653,000
698,000
652,000
735,000
642,000
613,000
594,000
753,000
594,000
584,000
588,000
797,000
605,000
591,000
595,000
807,000
661,000
637,000
636,000
769,000
616,000
603,000
908,000
1,009,000
851,000
789,000
823,000
931,000
1,111,000
1,006,000
997,000
1,133,000
1,067,000
1,045,000
1,065,000
1,330,000
1,323,000
1,140,000
1,135,000
1,146,000
1,074,000
1,104,000
1,155,000
1,107,000
1,033,000
1,022,000
984,000
1,007,000
952,000
1,355,000
1,364,000
1,441,000
1,478,000
1,496,000
1,569,000
1,534,000
1,502,000
1,610,000
1,657,000
1,654,000
1,603,000
1,515,000
1,495,000
1,535,000
1,469,000
1,345,000
1,364,000
1,401,000
0
0
0
0
0
0
0
0
0
0000000001,401,0001,364,0001,345,0001,469,0001,535,0001,495,0001,515,0001,603,0001,654,0001,657,0001,610,0001,502,0001,534,0001,569,0001,496,0001,478,0001,441,0001,364,0001,355,000952,0001,007,000984,0001,022,0001,033,0001,107,0001,155,0001,104,0001,074,0001,146,0001,135,0001,140,0001,323,0001,330,0001,065,0001,045,0001,067,0001,133,000997,0001,006,0001,111,000931,000823,000789,000851,0001,009,000908,000603,000616,000769,000636,000637,000661,000807,000595,000591,000605,000797,000588,000584,000594,000753,000594,000613,000642,000735,000652,000698,000653,000738,000644,000667,000618,000610,000806,000791,000785,000704,000000791,000000822,000000406,0000000000
       Deferred Long Term Liability 
0
0
0
0
0
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000000000000000000000000000000560,000533,0000482,000488,000495,000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
4,935,458
5,083,532
5,335,772
5,267,087
5,712,798
5,611,234
5,934,710
6,153,132
5,682,636
5,890,060
6,571,930
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6,926,186
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6,638,262
6,710,961
6,857,243
6,662,917
7,019,470
7,128,252
7,630,562
7,208,242
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7,388,448
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7,047,235
6,958,097
7,095,580
7,270,793
6,998,287
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6,770,000
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6,574,000
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12,489,000
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10,802,000
11,139,000
10,198,000
10,198,00011,139,00010,802,00010,719,00011,423,00011,161,00011,425,00011,329,00012,489,00012,502,00011,921,00010,973,00010,727,00010,846,00010,174,0009,399,0009,101,0009,351,0009,353,0009,332,0009,549,00010,062,0009,749,0009,552,00010,046,0009,792,0009,179,0008,729,0008,974,0008,660,0008,327,0008,075,0007,959,0008,234,0007,867,0007,659,0007,972,0007,942,0007,942,0007,629,0007,802,0007,478,0007,622,0007,321,0007,512,0007,449,0007,403,0007,354,0007,550,0005,905,0007,434,0007,417,0007,235,0007,461,0007,230,0007,180,0007,211,0007,093,0006,920,0006,933,0006,563,0006,586,0005,788,0005,763,0005,748,0006,106,0006,520,0006,574,0006,396,0006,770,0006,848,6256,932,6186,998,2877,270,7937,095,5806,958,0977,047,2357,342,1207,388,4487,268,1847,208,2427,630,5627,128,2527,019,4706,662,9176,857,2436,710,9616,638,2626,574,2416,926,1866,844,5696,636,5146,523,5486,822,1346,571,9305,890,0605,682,6366,153,1325,934,7105,611,2345,712,7985,267,0875,335,7725,083,5324,935,458
   Common Stock
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426,336
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436,543
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442,821
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00890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000889,978890,218890,038890,286888,819890,599889,361889,058887,711887,049891,773890,380890,227897,725888,768888,520000442,178000442,821000436,543000426,336000
   Retained Earnings 
2,461,691
2,700,656
2,845,122
3,471,308
4,138,117
3,971,431
4,553,912
4,200,399
4,777,387
4,744,051
0
3,719,018
0
0
0
4,792,486
4,302,590
4,114,367
4,129,690
4,325,081
4,805,027
5,151,875
5,273,812
5,765,707
5,355,267
5,367,719
5,485,023
5,411,183
5,120,837
5,024,292
5,162,714
5,365,203
5,104,431
4,892,874
5,011,206
4,778,000
4,492,000
4,615,000
4,527,000
4,236,000
3,864,000
3,860,000
3,908,000
4,574,000
4,403,000
4,579,000
4,758,000
4,913,000
5,085,000
5,093,000
4,981,000
5,084,000
4,888,000
4,977,000
5,009,000
3,520,000
3,028,000
2,901,000
3,028,000
3,073,000
3,329,000
3,118,000
3,268,000
3,194,000
3,239,000
3,195,000
3,564,000
3,846,000
3,998,000
3,752,000
3,944,000
4,225,000
3,968,000
4,179,000
4,482,000
4,752,000
5,069,000
4,759,000
5,091,000
5,623,000
5,847,000
5,394,000
5,575,000
5,912,000
5,515,000
5,488,000
5,570,000
5,735,000
5,316,000
5,611,000
6,112,000
6,419,000
5,996,000
6,429,000
7,075,000
7,433,000
7,620,000
6,902,000
6,878,000
6,998,000
7,273,000
6,516,000
6,745,000
6,644,000
6,005,000
6,005,0006,644,0006,745,0006,516,0007,273,0006,998,0006,878,0006,902,0007,620,0007,433,0007,075,0006,429,0005,996,0006,419,0006,112,0005,611,0005,316,0005,735,0005,570,0005,488,0005,515,0005,912,0005,575,0005,394,0005,847,0005,623,0005,091,0004,759,0005,069,0004,752,0004,482,0004,179,0003,968,0004,225,0003,944,0003,752,0003,998,0003,846,0003,564,0003,195,0003,239,0003,194,0003,268,0003,118,0003,329,0003,073,0003,028,0002,901,0003,028,0003,520,0005,009,0004,977,0004,888,0005,084,0004,981,0005,093,0005,085,0004,913,0004,758,0004,579,0004,403,0004,574,0003,908,0003,860,0003,864,0004,236,0004,527,0004,615,0004,492,0004,778,0005,011,2064,892,8745,104,4315,365,2035,162,7145,024,2925,120,8375,411,1835,485,0235,367,7195,355,2675,765,7075,273,8125,151,8754,805,0274,325,0814,129,6904,114,3674,302,5904,792,4860003,719,01804,744,0514,777,3874,200,3994,553,9123,971,4314,138,1173,471,3082,845,1222,700,6562,461,691
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,0000000000000000000000000-3,000-3,00000000000000000000000000000
   Other Stockholders Equity 
2,473,767
2,382,875
2,490,651
1,369,443
1,574,682
1,639,803
1,380,798
1,516,190
905,249
1,146,008
6,571,930
2,660,295
6,523,548
0
6,844,569
1,691,522
2,271,651
2,523,895
0
1,643,642
969,122
969,871
964,212
1,067,423
961,202
825,104
1,015,714
1,041,879
1,037,038
1,043,206
1,044,047
505,379
1,003,819
824,467
947,441
1,102,000
1,014,000
1,069,000
1,103,000
980,000
0
0
0
1,122,000
1,270,000
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1,272,000
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1,359,000
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1,457,000
1,550,000
1,535,000
2,035,000
3,632,000
3,563,000
-2,000
48,000
-2,000
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3,537,000
-2,000
-2,000
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-2,000
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3,167,000
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0
003,167,000-3,000-2,000-2,000-2,000-2,000-2,0004,179,000-2,000-2,000-2,0003,537,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-4,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,00048,000-2,0003,563,0003,632,0002,035,0001,535,0001,550,0001,457,0001,487,0001,359,0001,197,0001,236,0001,290,0001,272,0001,464,0001,270,0001,122,000000980,0001,103,0001,069,0001,014,0001,102,000947,441824,4671,003,819505,3791,044,0471,043,2061,037,0381,041,8791,015,714825,104961,2021,067,423964,212969,871969,1221,643,64202,523,8952,271,6511,691,5226,844,56906,523,5482,660,2956,571,9301,146,008905,2491,516,1901,380,7981,639,8031,574,6821,369,4432,490,6512,382,8752,473,767



6.3. Balance Sheets

Currency in EUR. All numbers in thousands.




6.4. Cash Flows

Currency in EUR. All numbers in thousands.




6.5. Income Statements

Currency in EUR. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in EUR. All numbers in thousands.

Gross Profit (+$)
totalRevenue10,339,000
Cost of Revenue-5,571,000
Gross Profit4,768,0004,768,000
 
Operating Income (+$)
Gross Profit4,768,000
Operating Expense-9,742,000
Operating Income597,000-4,974,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative2,072,000
Selling And Marketing Expenses0
Operating Expense9,742,0002,072,000
 
Net Interest Income (+$)
Interest Income31,000
Interest Expense-111,000
Other Finance Cost-17,000
Net Interest Income-97,000
 
Pretax Income (+$)
Operating Income597,000
Net Interest Income-97,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)500,000597,000
EBIT - interestExpense = -111,000
436,000
547,000
Interest Expense111,000
Earnings Before Interest and Taxes (EBIT)0611,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax500,000
Tax Provision-37,000
Net Income From Continuing Ops463,000463,000
Net Income436,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net097,000
 

Technical Analysis of Upm
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Upm. The general trend of Upm is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Upm's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-42.9%) Bearish trend (42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Upm Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of UPM-Kymmene Oyj.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 25.74 < 25.75 < 26.00.

The bearish price targets are: 24.18 > 22.44 > 21.82.

Know someone who trades $UPM? Share this with them.👇

UPM-Kymmene Oyj Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of UPM-Kymmene Oyj. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

UPM-Kymmene Oyj Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of UPM-Kymmene Oyj. The current macd is -0.12080263.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Upm price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Upm. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Upm price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
UPM-Kymmene Oyj Daily Moving Average Convergence/Divergence (MACD) ChartUPM-Kymmene Oyj Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of UPM-Kymmene Oyj. The current adx is 17.53.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Upm shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
UPM-Kymmene Oyj Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of UPM-Kymmene Oyj. The current sar is 22.66.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
UPM-Kymmene Oyj Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of UPM-Kymmene Oyj. The current rsi is 53.89. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending down: The RSI is trending down. -1
UPM-Kymmene Oyj Daily Relative Strength Index (RSI) ChartUPM-Kymmene Oyj Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of UPM-Kymmene Oyj. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Upm price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
UPM-Kymmene Oyj Daily Stochastic Oscillator ChartUPM-Kymmene Oyj Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of UPM-Kymmene Oyj. The current cci is 133.11.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
UPM-Kymmene Oyj Daily Commodity Channel Index (CCI) ChartUPM-Kymmene Oyj Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of UPM-Kymmene Oyj. The current cmo is 14.88.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
UPM-Kymmene Oyj Daily Chande Momentum Oscillator (CMO) ChartUPM-Kymmene Oyj Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of UPM-Kymmene Oyj. The current willr is -24.01960784.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Upm is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
UPM-Kymmene Oyj Daily Williams %R ChartUPM-Kymmene Oyj Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of UPM-Kymmene Oyj.

UPM-Kymmene Oyj Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of UPM-Kymmene Oyj. The current atr is 0.55261145.

UPM-Kymmene Oyj Daily Average True Range (ATR) ChartUPM-Kymmene Oyj Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of UPM-Kymmene Oyj. The current obv is 1,775,402.

UPM-Kymmene Oyj Daily On-Balance Volume (OBV) ChartUPM-Kymmene Oyj Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of UPM-Kymmene Oyj. The current mfi is 59.67.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
UPM-Kymmene Oyj Daily Money Flow Index (MFI) ChartUPM-Kymmene Oyj Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for UPM-Kymmene Oyj.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-13SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-18STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-24STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-25STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-02-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-03-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-03-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-18STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-21STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-28RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-03-31STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-01RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-02WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-03STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-09STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-10SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-14RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-04-16STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-02STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-05STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-12BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-14STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-20STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-22STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-06STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-09STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-11STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-06-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-23STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-26STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-07-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-07-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside

6.3. Candlestick Patterns

UPM-Kymmene Oyj Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of UPM-Kymmene Oyj based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.894
Ma 20Greater thanMa 5023.443
Ma 50Greater thanMa 10023.849
Ma 100Greater thanMa 20024.964
OpenGreater thanClose24.390
Total2/5 (40.0%)
Penke
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