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STOCK COMPARISON

Suzano Papel e Celulose SA vs UPM-Kymmene Oyj: Fair Value & Quality

Both stocks run through our valuation models. Here is how Suzano Papel e Celulose SA (SUZ) and UPM-Kymmene Oyj (UPM) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Suzano Papel e Celulose SA as the less overvalued of the two: Suzano Papel e Celulose SA trades at $9.15 versus a fair value of $8.38 (-8%), while UPM-Kymmene Oyj trades at €24.24 versus €19.43 (-20%).
Suzano Papel e Celulose SA
SUZ · USD · Materials
-8%
upside to fair value
fairly valued
Price$9.15
Fair Value$8.38
Quality51/100
UPM-Kymmene Oyj
UPM.HE · EUR · Materials
-20%
upside to fair value
overvalued
Price€24.24
Fair Value€19.43
Quality60/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Suzano Papel e Celulose SAUPM-Kymmene Oyj
Valuation
5.3×P/E (TTM)23.0×
P/S (TTM)1.51×
P/B1.44×
EV/EBITDA14.4×
PEG12.89×
−8.4%Fair value upside−19.8%
0.0%Dividend yield6.2%
Dividend per share€1.50
Profitability
17%Operating margin10%
2.26×EBIT margin trend (5Y)0.51×
26%Return on equity5%
4%Return on assets2%
Growth
-5%Revenue growth (YoY)-5%
-0.5%Avg. growth/yr (3Y)-6.3%
10.0%Avg. growth/yr (5Y)2.4%
+21.4%Value creation/yr−8.3%
Balance & size
1.7×Interest coverage (EBIT/interest)4.2×
2.10×Debt / equity0.28×
$10BMarket cap$14B
expensiveGrowth qualityweak

Suzano Papel e Celulose SA leads: 9 to 3 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Suzano Papel e Celulose SAof which business quality 49 · market factors 50 UPM-Kymmene Oyjof which business quality 58 · market factors 56
ProfitabilityMargins and returns on capital today
57
26
Quality GrowthAre margins and returns improving?
38
38
CashflowEarnings quality: real cash, not paper profit
53
66
Fin. StrengthBalance sheet, leverage, solvency risk
15
55
InvestmentDisciplined investing over empire-building
37
96
Low VolatilityCalm price path (market factor)
85
91
MomentumPrice trend over the last 3–12 months (market factor)
36
38
52W MomentumDistance to the 52-week high (market factor)
33
48
Net IssuanceBuybacks instead of dilution
100
88

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySuzano Papel e Celulose SAPrice $9.15UPM-Kymmene OyjPrice €24.24
DCF Models+1392%above the price$137-42%below the price€14.17
Earnings-Based+1926%above the price$185-83%below the price€4.21
Dividend Discount+213%above the price$28.61-33%below the price€16.20
Multiples+1063%above the price$106-36%below the price€15.45
Asset-Based+160%above the price$23.77-48%below the price€12.71
Growth DCF+373%above the price$43.33-32%below the price€16.37
Economic Profit+1108%above the price$111-67%below the price€7.88
Growth Earnings+2547%above the price$242-51%below the price€11.81
Minimum+160%above the price$23.77-83%below the price€4.21
Maximum+2547%above the price$242-32%below the price€16.37
Median+1085%above the price$108-45%below the price€13.44
Geometric mean+800%above the price$82.39-53%below the price€11.42

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Suzano Papel e Celulose SA: 0 of 23 models see the stock below the current price.

UPM-Kymmene Oyj: 24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Suzano Papel e Celulose SA
Bear $4.98Fair Value $8.38Bull $21.41
$9.15 = current price (white tick)
UPM-Kymmene Oyj
Bear €14.58Fair Value €19.43Bull €25.27
€24.24 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Suzano Papel e Celulose SA · Materials

Quality score51 · above median
Fair value upside-8% · above median

UPM-Kymmene Oyj · Materials

Quality score60 · Top 25%
Fair value upside-20% · above median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Suzano Papel e Celulose SA as the less overvalued of the two: Suzano Papel e Celulose SA trades at $9.15 versus a fair value of $8.38 (-8%), while UPM-Kymmene Oyj trades at €24.24 versus €19.43 (-20%).

UPM-Kymmene Oyj has the higher quality score (60/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.