Company Valuation: Klabin S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,186 21,975 24,516 28,208 23,254 22,163 - -
Change - -22.04% 11.56% 15.06% -17.56% -4.69% - -
Enterprise Value (EV) 1 49,102 43,014 44,709 60,382 48,799 47,998 46,695 45,675
Change - -12.4% 3.94% 35.06% -19.18% -1.64% -2.72% -2.18%
P/E 9.32x 4.93x 9.1x 15.4x 16.4x 8.79x 10.4x 11x
PBR 5.02x 2.3x 2.12x 4.24x 2.92x 2.13x 2x 1.91x
PEG - 0.1x -0.2x -0.5x -0.7x 0.1x -0.7x -1.97x
Capitalization / Revenue 1.71x 1.1x 1.36x 1.44x 1.12x 1.04x 0.99x 0.95x
EV / Revenue 2.98x 2.15x 2.48x 3.07x 2.36x 2.24x 2.09x 1.96x
EV / EBITDA 7.15x 5.53x 7.14x 8.23x 6.22x 5.81x 5.73x 5.42x
EV / EBIT 8.96x 6.47x 10.6x 13.4x 10.9x 7.86x 10.4x 9.61x
EV / FCF 48.4x -42.3x 14.2x 15.6x 13.7x 14.1x 10.5x 9.31x
FCF Yield 2.06% -2.37% 7.06% 6.42% 7.3% 7.08% 9.52% 10.7%
Dividend per Share 2 0.126 1.2 1.093 1.271 - 1 1.148 1.25
Rate of return 0.55% 6.68% 5.47% 5.53% - 5.55% 6.37% 6.94%
EPS 2 2.477 3.649 2.199 1.49 1.143 2.05 1.727 1.631
Distribution rate 5.09% 32.9% 49.7% 85.3% - 48.8% 66.5% 76.7%
Net sales 1 16,481 20,033 18,024 19,645 20,698 21,402 22,322 23,254
EBITDA 1 6,865 7,784 6,259 7,333 7,848 8,258 8,147 8,423
EBIT 1 5,481 6,647 4,235 4,497 4,480 6,110 4,470 4,754
Net income 1 3,020 4,692 2,695 1,831 1,678 2,511 1,780 2,005
Net Debt 1 20,916 21,038 20,193 32,174 25,545 25,836 24,532 23,512
Reference price 2 23.10 17.97 20.00 22.97 18.76 18.01 18.01 18.01
Nbr of stocks (in thousands) 1,220,375 1,222,560 1,225,805 1,228,028 1,239,568 1,230,579 - -
Announcement Date 2/10/22 2/8/23 2/7/24 2/26/25 2/11/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.69x1.62x10.25x6.48% 14.42B
5.7x2.25x5.26x3.66% 10.12B
20.92x2.48x12.17x2.96% 5.19B
20.04x0.86x11.27x4.06% 4.77B
8.79x2.24x5.81x5.55% 4.35B
19.84x1.04x6.65x1.77% 2.82B
16.92x1.82x8.24x5.66% 2.69B
11.19x - - 3.14% 2.21B
5.6x0.83x4.12x2.87% 1.85B
Average 13.96x 1.64x 7.97x 4.02% 5.38B
Weighted average by Cap. 13.99x 1.78x 8.48x 4.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield