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

UPM-Kymmene Oyj holds the cleaner structural position, with stability as the main driver and profitability adding further support. Mondi does not offset that deficit through any equally strong structural edge elsewhere. The market setup broadly confirms the structural lead — UPM-Kymmene Oyj holds the more constructive position. That puts structure and market broadly in agreement — UPM-Kymmene Oyj's lead looks more confirmed than conflicted.

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 2026-05-17

The lead is spread across stability and profitability, rather than sitting in one isolated gap. UPM-Kymmene Oyj leads by 15 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Paper & Paper Products

This comparison is based on industry proximity, not on functional trajectory similarity. MNDI.L and UPM.HE share the same industry classification.

For a similarity-based comparison, see how Mondi and UPM-Kymmene Oyj each position within their functional peer groups in AssetNext.

Peer-Relative Score
MNDI.L
Mondi plc
49
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
UPM.HE
UPM-Kymmene Oyj
64
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

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

The largest gaps do not all point in the same direction.

Dimension spread: MNDI.L vs UPM.HE Profitability 45 67 Stability 29 68 Valuation 58 53 Growth 59 71 MNDI.L UPM.HE
Gap Ranking
#1 Stability +39
#2 Profitability +22
#3 Growth +12
#4 Valuation +5
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MNDI.L and UPM.HE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MNDI.LUPM.HE Relative valuation Structural strength

The setup is mixed: neither company clearly combines the stronger profile with the more supportive price setup.

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

Relative Position vs Comparable Companies
Stability
UPM-Kymmene Oyj ranks near the top of the group on stability; Mondi plc sits in the weaker half.
Profitability
On profitability, the edge is clear — both rank well, but UPM-Kymmene Oyj sits noticeably higher.
Stability — Dominant Gap
MNDI.L
29
UPM.HE
68
Gap+39in favour of UPM.HE

The clearest distance comes from a steadier profile over time.

What keeps the gap from being one-sided

Mondi plc still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

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

Explore full peer positioning in AssetNext

Break down the MNDI.L vs UPM.HE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar stability-and-profitability comparisons

Explore how MNDI.L 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.