BILL Stock Analysis: Billerud | ST
Paper & Paper Products | ST, Sweden | Market Cap: 18.889m SEK | 12M Return: -3.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 28.7M
EPS Trend: -55.3%
Qual. Beats: 0
Rev. Trend: -12.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Billerud AB (publ) (ticker: BILL) is a Swedish paper and packaging materials manufacturer that operates through two main geographic segments-Region Europe and Region North America-plus an Other segment. Its product portfolio includes liquid packaging board, containerboard, cartonboard, sack paper, kraft paper bags, specialty and formable paper, graphic and label papers, and hardwood and softwood pulp, which are supplied to packaging and paper manufacturers, printers, publishers, converters, and distribution partners serving food and beverage, industrial, medical and hygiene, and consumer and luxury goods end markets. The company also procures and supplies wood as a raw material input for its production.
Headquartered in Solna, Sweden, and founded in 1883, the company rebranded from BillerudKorsnäs AB to Billerud AB in October 2022. As a small-cap stock (~$1.6B USD market cap) in the GICS Materials sector, Billerud operates as a vertically integrated pulp and paper producer, meaning it controls much of its raw material supply chain through its wood procurement activities while converting pulp into higher-value packaging and specialty paper grades for industrial customers.
- Verso acquisition expands North American containerboard footprint
- Weak European industrial demand pressures packaging volumes and pricing
- Pulp and energy input costs squeeze packaging segment margins
| Net Income: -42.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -3.97 > 1.0 |
| NWC/Revenue: 10.68% < 20% (prev 7.61%; Δ 3.07% < -1%) |
| CFO/TA 0.05 > 3% & CFO 2.31b > Net Income -42.0m |
| Net Debt (7.16b) to EBITDA (2.51b): 2.86 < 3 |
| Current Ratio: 1.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (248.7m) vs 12m ago 0.0% < -2% |
| Gross Margin: 33.98% > 18% (prev 52.42%; Δ -18.45% > 0.5%) |
| Asset Turnover: 80.24% > 50% (prev 98.84%; Δ -18.60% > 0%) |
| Interest Coverage Ratio: -1.85 > 6 (EBIT TTM -313.0m / Interest Expense TTM 169.0m) |
| A: 0.09 (Total Current Assets 13.8b - Total Current Liabilities 9.70b) / Total Assets 47.9b |
| B: 0.37 (Retained Earnings 17.7b / Total Assets 47.9b) |
| C: -0.01 (EBIT TTM -313.0m / Avg Total Assets 48.1b) |
| D: 1.34 (Book Value of Equity 27.4b / Total Liabilities 20.5b) |
| Altman-Z'' = 3.13 = A |
| DSRI: 1.28 (Receivables 4.36b/4.21b, Revenue 38.6b/47.7b) |
| GMI: 1.54 (GM 52.42% / 33.98%) |
| AQI: 1.08 (AQ_t 0.10 / AQ_t-1 0.09) |
| SGI: 0.81 (Revenue 38.6b / 47.7b) |
| TATA: -0.05 (NI -42.0m - CFO 2.31b) / TA 47.9b) |
| Beneish M = -2.40 (Cap -4..+1) = BBB |
As of August 04, 2026, the stock is trading at SEK 77.40 with a total of 552,459 shares traded. Over the past week, the price has changed by +3.96%, over one month by +20.28%, over three months by +23.56% and over the past year by -3.41%.
Current recommended Stop Loss: 74.30 (which is 4% or 1.6 ATR below the current price).
Billerud has no consensus analysts rating.
P/E Forward = 123.4568
P/S = 0.4856
P/B = 0.6961
P/EG = 4.0285
Revenue TTM = 38.6b SEK
EBIT TTM = -313.0m SEK
EBITDA TTM = 2.51b SEK
Long Term Debt = 5.85b SEK (from longTermDebt, last quarter)
Short Term Debt = 1.41b SEK (from shortTermDebt, last quarter)
Debt = 8.09b SEK (from shortLongTermDebtTotal, last quarter) + Leases 502.0m
Net Debt = 7.16b SEK (calculated: Debt 8.09b - CCE 932.0m)
Enterprise Value = 26.0b SEK (18.9b + Debt 8.09b - CCE 932.0m)
Interest Coverage Ratio = -1.85 (Ebit TTM -313.0m / Interest Expense TTM 169.0m)
EV/FCF = -174.8x (Enterprise Value 26.0b / FCF TTM -149.0m)
FCF Yield = -0.57% (FCF TTM -149.0m / Enterprise Value 26.0b)
FCF Margin = -0.39% (FCF TTM -149.0m / Revenue TTM 38.6b)
Net Margin = -0.11% (Net Income TTM -42.0m / Revenue TTM 38.6b)
Gross Margin = 33.98% ((Revenue TTM 38.6b - Cost of Revenue TTM 25.5b) / Revenue TTM)
Gross Margin QoQ = 45.93% (prev 41.13%)
Tobins Q-Ratio = 0.54 (Enterprise Value 26.0b / Total Assets 47.9b)
Interest Expense / Debt = 2.09% (Interest Expense 169.0m / Debt 8.09b)
Taxrate = 20.11% (179.0m / 890.0m)
NOPAT = -250.0m (EBIT -313.0m * (1 - 20.11%)) [loss with tax shield]
Current Ratio = 1.43 (Total Current Assets 13.8b / Total Current Liabilities 9.70b)
Debt / Equity = 0.29 (Debt 8.09b / totalStockholderEquity, last quarter 27.4b)
Debt / EBITDA = 2.86 (Net Debt 7.16b / EBITDA 2.51b)
Debt / FCF = -48.05 (negative FCF - burning cash) (Net Debt 7.16b / FCF TTM -149.0m)
Total Stockholder Equity = 27.6b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.09% (Net Income -42.0m / Total Assets 47.9b)
RoE = -0.15% (Net Income TTM -42.0m / Total Stockholder Equity 27.6b)
RoCE = -0.93% (EBIT -313.0m / Capital Employed (Equity 27.6b + L.T.Debt 5.85b))
RoIC = -0.65% (negative operating profit) (NOPAT -250.0m / Invested Capital 38.7b)
WACC = 6.16% (E(18.9b)/V(27.0b) * Re(8.08%) + D(8.09b)/V(27.0b) * Rd(2.09%) * (1-Tc(0.20)))
Discount Rate = 8.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 40.69 | Cagr: 0.03%
[DCF] Fair Price = unknown (Cash Flow -149.0m)
EPS Correlation: -55.30 | EPS CAGR: -58.44% | SUE: 0.38 | # QB: 0
Revenue Correlation: -12.41 | Revenue CAGR: -1.14% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.58 | Chg30d=+9.55% | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=0.94 | Chg30d=+139.89% | Revisions=-50% | GrowthEPS=-67.3% | GrowthRev=-2.6%
EPS next Year (2027-12-31): EPS=4.43 | Chg30d=+6.57% | Revisions=-17% | GrowthEPS=+370.7% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: -50% (up=1, down=6)