Kemira KEMIRA.HE
FinlandBasic Materials · ChemicalsNasdaq Helsinki · EUR
18.95 EUR (+11.3%)
6 analysts
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Kemira is a Finnish chemical company that produces and sells chemicals for the water, pulp and paper, and other industrial sectors, with a business model focused on water treatment solutions and additives for the paper industry.
Listed on Nasdaq Helsinki · Symbol KEMIRA.HE · HEL: KEMIRA · Currency EUR
Key points
from its scores- ✓Favourable backdrop8.5
- ✓Attractive valuation7.4
- ✕Weak growth2.2
- ✕Poor share-price trend2.9
- ✕Little competitive advantage4.0
AI analysis
bottom line, main risk, context and newsValuation is reasonable and the balance sheet is solid, but lack of growth and margin pressure limit upside potential in the near term.
Kemira has acceptable financial health (ND/EBITDA of 1.48) and an attractive valuation (forward P/E of 12.11, FCF yield of 6.33%), but its growth is very weak (earnings -34.3%) and its operating margin (8.12%) is low, reflecting pressure on its chemical business in an environment of high energy costs in Europe.
The main risk is exposure to European gas costs, which remain high and pressure margins in its chemical business, along with weak earnings growth (-34.3%) that may not reverse soon.
Context and risks
Kemira operates in Finland, a country with solid institutions and minority shareholder protection, so the governance penalty is minimal. The main risk is its chemical business's exposure to European energy prices, especially gas, whose high cost pressures its margins in a rising rate environment that makes its debt more expensive (ND/EBITDA of 1.48).
Is Kemira stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 17% below the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 17.6 | 19.2 | −8% |
| EV / EBITDA | 7.4 | 10.0 | −26% |
| Price / book | 1.6 | 2.3 | −31% |
| Price / sales | 0.9 | 2.2 | −59% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.4 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 18.95 EUR, +11.3% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.2 (sector 7.1), Growth 2.2 (sector 6.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 17.6
- Forward P/E
- 12.1
- EV / EBITDA
- 7.4
- Price / book
- 1.6
- Price / sales
- 0.9
- PEG
- 4.02
- Market cap
- 2.5B EUR
- Enterprise value
- 3.1B EUR
Profitability
- ROE
- 9.5%
- ROA
- 5.0%
- ROIC (approx.)
- 9.3%
- Gross margin
- 16.7%
- Operating margin
- 8.1%
- Net margin
- 5.3%
- Free cash flow
- 156.1M EUR
- FCF yield
- 6.3%
- Cash conversion
- 37%
Solvency
- Total debt
- 793.9M EUR
- Net debt
- 622.0M EUR
- Cash
- 171.9M EUR
- EBITDA
- 421.6M EUR
- Net debt / EBITDA
- 1.48
- Debt / equity
- 49.90
- Current ratio
- 1.32
- Quick ratio
- 0.89
Growth
- Revenue growth
- −0.1%
- Earnings growth
- −34.3%
- EPS (TTM)
- 0.97 EUR
- EPS (forward)
- 1.41 EUR
Dividend
- Dividend yield
- 4.5%
- Payout
- 77.3%
Risk and market
- Beta
- 0.41
- Analyst consensus
- Hold (6)
- Target price
- 18.95 EUR
- 52-week range
- 15.29 – 21.46
Recent news
All KEMIRA.HE news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Kemira
Is Kemira stock cheap or expensive?
On P/E and EV / EBITDA, it trades 17% below the Basic Materials median on average. Valuation score: 7.4 out of 10 (median for Basic Materials: 5.8). Average analyst target: 18.95 EUR, +11.3% versus the price. This is not investment advice.
What score does Kemira get on MeridIAn Screener?
It scores 5.7 out of 10, rank 1,255 of 2,130 (better than 39% of the companies analysed). Its strongest category is Risk & Context (8.5) and its weakest, Growth (2.2). Analysis of 08/10/2026.
What is Kemira's P/E ratio?
Its P/E is 17.6: the share price equals 17.6 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 12.1.
How much is Kemira worth on the stock market?
Its market capitalisation is 2.5B EUR and its enterprise value, debt included, is 3.1B EUR.
How much debt does Kemira have?
Its net debt (debt minus cash) is 622.0M EUR. That is 1.48 times its EBITDA; the Basic Materials median is 1.41.
Does Kemira pay a dividend?
Yes: its dividend yield is 4.46% and it pays out 77% of its earnings.
How has Kemira stock performed over the last year?
It has fallen 3.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 15.29 and 21.46 EUR. Past performance does not guarantee future results.
What do analysts think of Kemira?
6 analysts cover it; their average recommendation is “Hold” and their average target is 18.95 EUR (+11.3% versus the price). It is an estimate, not market data.