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Evonik Industries vs UPM-Kymmene Oyj: Which Stock Looks Stronger in 2026?

UPM-Kymmene Oyj holds the cleaner structural position, with growth as the main driver and valuation adding further support. Evonik Industries does not offset that deficit through any equally strong structural edge elsewhere. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-07-05

The clearest separation starts in growth, but valuation adds another real layer to the result. The overall score gap is 21 points in favour of UPM-Kymmene Oyj.

Trajectory Similarity
0.76
Similar
Peer-set rank: #15
within Evonik Industries AG's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The strongest overlap appears in recent revenue growth and capital structure.

Similarity drivers
recent revenue growthcapital structure
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
EVK.DE
Evonik Industries AG
39
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
UPM.HE
UPM-Kymmene Oyj
60
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: EVK.DE vs UPM.HE Profitability 41 59 Stability 62 70 Valuation 31 54 Growth 24 62 EVK.DE UPM.HE
Gap Ranking
#1 Growth +38
#2 Valuation +23
#3 Profitability +18
#4 Stability +8
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for EVK.DE and UPM.HE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer EVK.DEUPM.HE Relative valuation Structural strength

UPM-Kymmene Oyj looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where EVK.DE and UPM.HE each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY EVK.DE Neutral · near norm 0th 50th 100th 38 pct gap UPM.HE Lower · below norm 0th 50th 100th 54th 16th
Today UPM.HE sits in the lower portion of its own 5-year history (16th percentile), while EVK.DE sits higher in its own history (54th). Within each stock's own 5-year context, UPM.HE is at a historically more favourable entry position than EVK.DE. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
UPM-Kymmene Oyj sits in the stronger part of the group on growth, while Evonik Industries AG is closer to mid-pack.
Valuation
On valuation, UPM-Kymmene Oyj is positioned higher in the group, while Evonik Industries AG is closer to the middle.
Growth — Dominant Gap
EVK.DE
24
UPM.HE
62
Gap+38in favour of UPM.HE

Earnings growth is one contributing factor within the growth lead.

What else supports the lead

Absolute pricing gives the lead a second hard layer of support, with a trailing P/E that is 24.2 turns lower.

What this means for the comparison

Growth is the clearest driver, and valuation also supports UPM-Kymmene Oyj's broader structural position.

Explore full peer positioning in AssetNext

Break down the EVK.DE vs UPM.HE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-and-valuation comparisons

Explore how EVK.DE and UPM.HE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.