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 23,020 21,597 - -
Change - -22.04% 11.56% 15.06% -18.39% -6.18% - -
Enterprise Value (EV) 1 49,102 43,014 44,709 60,382 48,565 47,533 46,152 45,109
Change - -12.4% 3.94% 35.06% -19.57% -2.12% -2.91% -2.26%
P/E 9.32x 4.93x 9.1x 15.4x 16.4x 12x 10.9x 10.8x
PBR 5.02x 2.3x 2.12x 4.24x 2.92x 2.08x 1.95x 1.86x
PEG - 0.1x -0.2x -0.5x -0.7x 0.4x 1.11x 6.38x
Capitalization / Revenue 1.71x 1.1x 1.36x 1.44x 1.11x 1.01x 0.97x 0.93x
EV / Revenue 2.98x 2.15x 2.48x 3.07x 2.35x 2.22x 2.07x 1.94x
EV / EBITDA 7.15x 5.53x 7.14x 8.23x 6.19x 5.89x 5.69x 5.36x
EV / EBIT 8.96x 6.47x 10.6x 13.4x 10.8x 10.4x 10.6x 9.49x
EV / FCF 48.4x -42.3x 14.2x 15.6x 13.6x 14x 10.4x 9.2x
FCF Yield 2.06% -2.37% 7.06% 6.42% 7.34% 7.15% 9.63% 10.9%
Dividend per Share 2 0.126 1.2 1.093 1.271 - 0.99 1.144 1.25
Rate of return 0.55% 6.68% 5.47% 5.53% - 5.64% 6.52% 7.12%
EPS 2 2.477 3.649 2.199 1.49 1.143 1.46 1.603 1.631
Distribution rate 5.09% 32.9% 49.7% 85.3% - 67.8% 71.4% 76.7%
Net sales 1 16,481 20,033 18,024 19,645 20,698 21,372 22,321 23,254
EBITDA 1 6,865 7,784 6,259 7,333 7,848 8,067 8,118 8,423
EBIT 1 5,481 6,647 4,235 4,497 4,480 4,588 4,362 4,754
Net income 1 3,020 4,692 2,695 1,831 1,678 1,659 1,666 2,005
Net Debt 1 20,916 21,038 20,193 32,174 25,545 25,936 24,555 23,512
Reference price 2 23.10 17.97 20.00 22.97 18.76 17.55 17.55 17.55
Nbr of stocks (in thousands) 1,220,375 1,222,560 1,225,805 1,228,028 1,227,086 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.($)
16.22x1.58x10.02x6.67% 14.04B
6x2.14x4.91x3.63% 9.9B
21.01x2.42x11.99x2.92% 5.03B
19.81x0.85x11.22x4.11% 4.67B
12.02x2.22x5.89x5.64% 4.13B
13.46x1.02x6.41x1.8% 2.78B
16.73x1.8x8.17x5.73% 2.66B
11.23x - - 3.13% 2.22B
5.67x0.83x4.17x2.83% 1.88B
Average 13.57x 1.61x 7.85x 4.05% 5.26B
Weighted average by Cap. 13.79x 1.73x 8.29x 4.63%

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