The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

BILL.ST

Concerning the House

Billerud AB (publ) provides paper and packaging materials worldwide. It operates through Region Europe, Region North America, and Other segments. The company offers liquid packaging board, containerboard, cartonboard, and sack paper; kraft paper bags; specialty and formable paper; graphic and label papers comprising coated sheets, web papers, WC Caliper web, coated digital, and inkjet papers; and hardwood and softwood pulp, which are used to produce packaging for food and beverages, industrial, medical and hygiene, and consumer and luxury goods. It also procures and supplies wood. The company serves packaging and paper manufacturers, printers, publishers, converters, and distribution partners. The company was formerly known as BillerudKorsnäs AB (publ) and changed its name to Billerud AB (publ) in October 2022. Billerud AB (publ) was founded in 1883 and is headquartered in Solna, Sweden.

Sweden · www.billerud.com

The Ledger
LineMar 2025Jun 2025Dec 2025Mar 2026
Revenue$11.10B$10.24B$9.24B$9.82B
Gross profit$5.24B$4.82B$4.44B$4.04B
Operating income$627.00M$179.00M$112.00M-$192.00M
Net income$415.00M$55.00M$304.00M-$219.00M
Diluted EPS1.670.221.22-0.88
Free cash flow$179.00M$553.00M-$492.00M-$127.00M
CapEx-$394.00M-$640.00M-$910.00M-$388.00M
Quotation

$76.30

-1.30 (-1.7%)

52w hi$92.87
52w lo$59.35
Vol341.78K
As ofAug 13
The Verdict

Hold

Our score -0.31

Short+0.03
Medium-0.39
Long-0.81

computed 2026-08-13

By the Numbers

Billerud AB (publ)

Basic Materials · Paper & Paper Products

Market cap$18.98B
Enterprise value$25.96B
Trailing P/E
Forward P/E9.55x
EV / EBITDA9.77x
P / S (ttm)0.49x
Profit margin-0.1%
Return on equity-0.2%
Revenue growth-4.0%
Earnings growth
Debt / equity27.66
Risk Metrics
Beta vs SPX0.38
Corr SPX0.19
Annual vol33.2%
Annual ret-11.3%
Sharpe-0.34
Max DD-48.5%

Window: 504 trading days (490 obs)

Layer Breakdown
LayerRawContribution
Fundamental-0.08
Sector+0.03
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$77.40$77.60$76.30$76.30341.78K
Aug 12$77.20$78.20$76.70$77.60280.27K
Aug 11$77.60$78.05$76.70$77.15745.84K
Aug 10$76.50$78.55$76.35$77.55653.21K
Aug 7$76.45$77.30$76.00$76.95290.85K