BillerudKorsnäs AB (publ) (BLRDF)

BillerudKorsnäs AB (publ) (BLRDF) — VMCI valuation read

BillerudKorsnäs AB (publ) sits at VMCI 56/100, with the Basic Materials sector median at 50. That 6-point spread is the first thing to note on BLRDF: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on BLRDF are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on BLRDF: BLRDF trades at 26.0x earnings, 44% above the Basic Materials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Basic Materials median (10.0%). The Risk read: net debt to EBITDA of 0.7x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

BLRDF rose 3.3% over the trailing 7 days, with a -21.4% read on a 30-day basis.