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 21,096 - -
Change - -22.04% 11.56% 15.06% -17.56% -9.28% - -
Enterprise Value (EV) 1 49,102 43,014 44,709 60,382 48,799 46,206 45,342 43,885
Change - -12.4% 3.94% 35.06% -19.18% -5.31% -1.87% -3.21%
P/E 9.32x 4.93x 9.1x 15.4x 16.4x 9.65x 9.94x 11.8x
PBR 5.02x 2.3x 2.12x 4.24x 2.92x 1.9x 1.91x 1.98x
PEG - 0.1x -0.2x -0.5x -0.7x 0.2x -3.33x -0.8x
Capitalization / Revenue 1.71x 1.1x 1.36x 1.44x 1.12x 0.99x 0.95x 0.91x
EV / Revenue 2.98x 2.15x 2.48x 3.07x 2.36x 2.17x 2.03x 1.89x
EV / EBITDA 7.15x 5.53x 7.14x 8.23x 6.22x 5.95x 5.57x 5.29x
EV / EBIT 8.96x 6.47x 10.6x 13.4x 10.9x 12.2x 10.2x 9.84x
EV / FCF 48.4x -42.3x 14.2x 15.6x 13.7x 13.6x 10.3x 8.99x
FCF Yield 2.06% -2.37% 7.06% 6.42% 7.3% 7.34% 9.74% 11.1%
Dividend per Share 2 0.126 1.2 1.093 1.271 - 0.9712 1.111 1.211
Rate of return 0.55% 6.68% 5.47% 5.53% - 5.66% 6.47% 7.05%
EPS 2 2.477 3.649 2.199 1.49 1.143 1.78 1.727 1.456
Distribution rate 5.09% 32.9% 49.7% 85.3% - 54.6% 64.3% 83.2%
Net sales 1 16,481 20,033 18,024 19,645 20,698 21,321 22,312 23,183
EBITDA 1 6,865 7,784 6,259 7,333 7,848 7,772 8,147 8,293
EBIT 1 5,481 6,647 4,235 4,497 4,480 3,784 4,466 4,462
Net income 1 3,020 4,692 2,695 1,831 1,678 1,316 1,775 1,806
Net Debt 1 20,916 21,038 20,193 32,174 25,545 25,110 24,246 22,789
Reference price 2 23.10 17.97 20.00 22.97 18.76 17.17 17.17 17.17
Nbr of stocks (in thousands) 1,220,375 1,222,560 1,225,805 1,228,028 1,239,568 1,228,650 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.65x2.17x5.95x5.66% 4.09B
13.75x1.51x9.05x6.55% 13.79B
5.32x2.23x5.2x3.88% 9.82B
19.25x2.32x11.34x3.21% 4.71B
17.22x0.84x10.87x4.33% 4.36B
15.73x1.04x6.58x1.34% 2.9B
12.39x1.47x6.96x6.81% 2.69B
12.05x - - 2.91% 2.36B
8.19x0.89x3.9x2.32% 1.9B
-115.9x14.66x-362.52x0.18% 1.66B
Average -0.23x 3.01x -33.63x 3.72% 4.83B
Weighted average by Cap. 7.82x 2.16x -5.56x 4.54%

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