Valmet VALMT.HE
Public, HEL, reports in EUR. Founded 1950.
Theme: Globalization.
Paper machines.
2025-08-01 — Hold, in permanent decline
Financials millions, EUR
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 5.6bn EUR | 4.7 % | 33.2 % | 2.2 % | 670m EUR | 11.9 % | 280m EUR | 1.52 | 16.7 | |
| 2024 | 5.4bn EUR | -3.1 % | 28.2 % | 2.3 % | 514m EUR | 9.6 % | 280m EUR | 1.52 | 6.5 | |
| 2023 | 5.5bn EUR | 9.0 % | 25.2 % | 2.1 % | 467m EUR | 8.4 % | 357m EUR | 1.94 | 17.5 | |
| 2022 | 5.1bn EUR | – | 24.0 % | 1.9 % | 360m EUR | 7.1 % | 337m EUR | 1.92 | – | |
| 2026-Q2 | 1.3bn EUR | 6.0 % | 27.3 % | – | 125m EUR | 9.5 % | 75m EUR | 0.40 | 15.5 | |
| 2026-Q1 | 1.2bn EUR | 5.1 % | 24.9 % | – | 57m EUR | 4.6 % | 34m EUR | 0.19 | 9.6 | |
| 2025-Q4 | 1.5bn EUR | – | 27.4 % | – | 165m EUR | 11.2 % | 105m EUR | 0.57 | – | |
| 2025-Q2 | 1.2bn EUR | – | 28.3 % | – | 55m EUR | 4.4 % | 28m EUR | 0.15 | – | |
| 2025-Q1 | 1.2bn EUR | – | 28.8 % | – | 89m EUR | 7.5 % | 61m EUR | 0.33 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q2: yfinance
- 2025-Q1: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 1.3bn EUR | 1.2bn EUR | +74m (+6 %) |
| Op. margin | 9.5 % | 4.4 % | +5.1 pts |
| FCF | 50m EUR | 46m EUR | +4.0m (+9 %) |
| Op. income | 125m EUR | ||
| Net income | 75m EUR | ||
| EPS (diluted) | 0.40 | 166.7 % |
Cash flow millions, EUR
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 581m EUR | 103m EUR | 478m EUR | 8.5 % | 207.5 % | 499m EUR | 644m EUR | 381m EUR | 83m EUR |
| 2024 | 554m EUR | 107m EUR | 447m EUR | 8.3 % | 197.9 % | 376m EUR | 549m EUR | 490m EUR | 48m EUR |
| 2023 | 352m EUR | 125m EUR | 227m EUR | 4.1 % | 98.6 % | 354m EUR | 245m EUR | 854m EUR | 166m EUR |
| 2022 | 36m EUR | 112m EUR | -76m EUR | -1.5 % | 10.7 % | 281m EUR | -27m EUR | -167m EUR | -236m EUR |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 27.90 EUR | 2026-09-15 | |
|---|---|---|---|
| Market cap | 5.1bn EUR | 5.9bn USD | 2026-09-15 |
| 52w high | 31.01 EUR | 2026-09-15 | |
| 52w low | 20.74 EUR | 2026-09-15 | |
| Off 52w high % | -10.0 % | ||
| P/S | 0.9 | ||
| Lifetime CAGR | 2.3 % |
Notes
- 2025-08-01 opinion Hold, in permanent decline