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Metsa Board Valuation Multiples
Discover revenue and EBITDA valuation multiples for Metsa Board and similar public comparables like Caltagirone, Yamama Cement, Qassim Cement, Batısöke Çimento and more.
Metsa Board Overview
About Metsa Board
Metsa Board Oyj is the European producer of premium lightweight paperboards. Its product portfolio includes pulp, boxboard, and linerboard, which are used in foodservice and consumer goods packaging. The company's customers are typically boxboard printers, carton board manufacturers in the food, cosmetics, and pharmaceutical industries, and manufacturers of branded goods and wholesalers. It operates fiber mills that produce its fiber-based products from timber. The Company operates in European Nations like Germany, Sweden, Spain, etc., and also in other countries like the UK, Norway, Canada, Asia, and Turkey. The majority of the revenue is generated in Europe.
Founded
1986
HQ

Employees
2.1K
Website
Financials (LTM)
EV
$2B
Metsa Board Financials
Metsa Board reported last 12-month revenue of $2B and EBITDA of $66M.
In the same LTM period, Metsa Board generated $82M in gross profit, $66M in EBITDA, and had net loss of ($127M).
Revenue (LTM)
Metsa Board P&L
In the most recent fiscal year, Metsa Board reported revenue of $2B and EBITDA of $23M.
Metsa Board expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $82M | XXX | $314M | XXX | XXX | XXX |
| Gross Margin | 4% | XXX | 15% | XXX | XXX | XXX |
| EBITDA | $66M | XXX | $23M | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 1% | XXX | XXX | XXX |
| EBIT Margin | (3%) | XXX | (5%) | XXX | XXX | XXX |
| Net Profit | ($127M) | XXX | ($184M) | XXX | XXX | XXX |
| Net Margin | (6%) | XXX | (9%) | XXX | XXX | XXX |
| Net Debt | — | — | $229M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Metsa Board Stock Performance
Metsa Board has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Metsa Board's stock price is $3.64.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $-0.52 |
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Start Free TrialMetsa Board Valuation Multiples
Metsa Board trades at 0.7x EV/Revenue multiple, and 23.2x EV/EBITDA.
EV / Revenue (LTM)
Metsa Board Financial Valuation Multiples
As of April 20, 2026, Metsa Board has market cap of $1B and EV of $2B.
Equity research analysts estimate Metsa Board's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Metsa Board has a P/E ratio of (10.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 23.2x | XXX | 67.9x | XXX | XXX | XXX |
| EV/EBIT | (23.6x) | XXX | (13.8x) | XXX | XXX | XXX |
| EV/Gross Profit | 18.8x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | (10.2x) | XXX | (7.0x) | XXX | XXX | XXX |
| EV/FCF | 15.8x | XXX | 12.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Metsa Board Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Metsa Board Margins & Growth Rates
Metsa Board's revenue in the last 12 month declined by (0%).
Metsa Board's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.2M for the same period.
Metsa Board's rule of 40 is 5% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Metsa Board's rule of X is 1% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Metsa Board Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (0%) | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | 198% | XXX | 647% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 5% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 1% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 23% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Metsa Board Public Comps
See public comps and valuation multiples for other Paper & Forest Products and Building Materials comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Metsa Board | XXX | XXX | XXX | XXX | XXX | XXX |
| Caltagirone | XXX | XXX | XXX | XXX | XXX | XXX |
| Yamama Cement | XXX | XXX | XXX | XXX | XXX | XXX |
| Qassim Cement | XXX | XXX | XXX | XXX | XXX | XXX |
| Batısöke Çimento | XXX | XXX | XXX | XXX | XXX | XXX |
| YFY | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Metsa Board M&A Activity
Metsa Board acquired XXX companies to date.
Last acquisition by Metsa Board was on XXXXXXXX, XXXXX. Metsa Board acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Metsa Board
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialMetsa Board Investment Activity
Metsa Board invested in XXX companies to date.
Metsa Board made its latest investment on XXXXXXXX, XXXXX. Metsa Board invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Metsa Board
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Metsa Board
| When was Metsa Board founded? | Metsa Board was founded in 1986. |
| Where is Metsa Board headquartered? | Metsa Board is headquartered in Finland. |
| How many employees does Metsa Board have? | As of today, Metsa Board has over 2K employees. |
| Who is the CEO of Metsa Board? | Metsa Board's CEO is Esa Kaikkonen. |
| Is Metsa Board publicly listed? | Yes, Metsa Board is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of Metsa Board? | Metsa Board trades under METSB ticker. |
| When did Metsa Board go public? | Metsa Board went public in 1987. |
| Who are competitors of Metsa Board? | Metsa Board main competitors are Caltagirone, Yamama Cement, Qassim Cement, Batısöke Çimento. |
| What is the current market cap of Metsa Board? | Metsa Board's current market cap is $1B. |
| What is the current revenue of Metsa Board? | Metsa Board's last 12 months revenue is $2B. |
| What is the current revenue growth of Metsa Board? | Metsa Board revenue growth (NTM/LTM) is (0%). |
| What is the current EV/Revenue multiple of Metsa Board? | Current revenue multiple of Metsa Board is 0.7x. |
| Is Metsa Board profitable? | Yes, Metsa Board is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Metsa Board? | Metsa Board's last 12 months EBITDA is $66M. |
| What is Metsa Board's EBITDA margin? | Metsa Board's last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of Metsa Board? | Current EBITDA multiple of Metsa Board is 23.2x. |
| What is the current FCF of Metsa Board? | Metsa Board's last 12 months FCF is $97M. |
| What is Metsa Board's FCF margin? | Metsa Board's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Metsa Board? | Current FCF multiple of Metsa Board is 15.8x. |
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