profit from every SEK 100 of sales.
SEK 0SEK 100
Holmen
SEK 301.80-0.07% today
-13.2% in 1 year
1-year low SEK 298.001-year high SEK 377.20
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay SEK 16.08 for every SEK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Holmen sold, what it kept, and what it did with the cash.
Sales went from SEK 24.0 billion in 2022 to SEK 22.1 billion in 2025, with SEK 2.88 billion of profit last year.
SalesProfit
Holmen handed back more cash to shareholders than it generated last year.
Buybacks SEK 1.6BSEK 1.9B
Free cash flow 2025SEK 1.7B
Bought back its own sharesSEK 1.6B
Paid as dividendsSEK 1.9B
Cash vs. debtSEK 390M vs. SEK 5.1B
Holmen vs. similar companies
Holmen grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| Holmen | 16.1× · Fair price | ||
 UPM-Kymmene Oyj | 24.8× · Fair price | ||
 Suzano | 5.0× · Cheap | ||
 Svenska Cellulosa Aktiebolaget SCA (publ) | 26.5× · Fair price | ||
 Shandong Sunpaper | 11.9× · Cheap |
AI analysis
An AI analyst reads Holmen's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 23,952 | 22,795 | 22,759 | 22,056 | |
| 13,747 | 12,116 | 11,147 | 10,877 | |
| 6,931 | 4,679 | 3,633 | 3,095 | |
| 8,868 | 6,165 | 5,153 | 4,765 | |
| 5,874 | 3,697 | 2,861 | 2,879 | |
| 36.30 | 23.00 | 18.00 | 18.50 | |
| 57.4% | 53.2% | 49.0% | 49.3% | |
| 28.9% | 20.5% | 16.0% | 14.0% | |
| 24.5% | 16.2% | 12.6% | 13.1% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 81,436 | 79,719 | 81,548 | 80,863 |
| Cash | 1,935 | 1,202 | 234 | 390 |
| Total debt | 3,147 | 2,151 | 2,727 | 5,096 |
| Total liabilities | 24,486 | 22,796 | 24,178 | 25,458 |
| 56,950 | 56,923 | 57,370 | 55,405 | |
| 162 | 160 | 159 | 156 | |
| 9.9% | 6.5% | 5.0% | 4.3% | |
| 10.3% | 6.5% | 5.0% | 5.2% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 5,484 | 5,805 | 3,317 | 3,851 | |
| 1,391 | 1,705 | 2,115 | 2,139 | |
| 4,093 | 4,100 | 1,202 | 1,712 | |
| Dividends paid | 1,862 | 2,592 | 1,831 | 1,888 |
| 0 | 1,119 | 647 | 1,649 | |
| – | – | – | – |
Valuation
- 16.1×
- –
- –
- 0.9×
- 2.1×
- 27.0×
- 10.7×
- 3.7%
- 6.2%
- 4.1%
Profitability
- 49.3%
- 14.0%
- 13.1%
- –
- 4.3%
- 6.4%
- –
- –
- –
- –
Growth
- −2.7%
- −20.1%
- –
- –
- −1.3%
Financial health
- 1.0×
- 0.09
- –
- 24.3×
- 1.38
- –
- –
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 36%of 990
Top 38%of 950
Top 36%of 766
Bottom 27%of 929
Top 39%of 987
4.1%of the share price, paid each year
On $1,000 invested$41a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
65.6% of its profit
Room to growStretchedMore than it earns: 110.3%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
53No pass
Benjamin Graham
77Pass
Philip Fisher
44No pass
Peter Lynch
26No pass
Joel Greenblatt
32No pass
Charlie Munger
43No pass
Terry Smith
28No pass
Questions about Holmen
Is Holmen a good stock to buy?
A solid business at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Holmen AI analysis
What does Holmen do?
Holmen AB (publ) engages in the forest, paperboard, paper, wood products, and renewable energy businesses in Sweden and internationally. The company operates through Forest, Renewable Energy, Wood Products, and Board and Paper segments. It is in Paper & Paper Products, based in Stockholm, Sweden, with 3,500 employees.
Does Holmen pay a dividend?
Yes. At today's price the dividend is 4.1% a year, about 66% of its yearly profit. In 2025 it paid out SEK 1.89 billion in dividends.
Is Holmen stock halal?
Yes. Holmen passes our halal screen: its business is permitted and its debt is 11% of its market value, under the 30% limit. How we check
How has Holmen stock done over the past year?
Down 13.2% over the past twelve months, to SEK 301.80. It traded between SEK 298.00 and SEK 377.20 and is 20.0% below its high.
Who are Holmen's competitors?
The largest listed companies in the same industry are UPM-Kymmene Oyj, Suzano, Svenska Cellulosa Aktiebolaget SCA (publ) and Shandong Sunpaper. The peers table on this page compares their profit, growth and price with Holmen's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.