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 20,961 - -
Change - -22.04% 11.56% 15.06% -17.56% -9.86% - -
Enterprise Value (EV) 1 49,102 43,014 44,709 60,382 48,799 46,045 45,237 43,750
Change - -12.4% 3.94% 35.06% -19.18% -5.64% -1.76% -3.29%
P/E Ratio 9.32x 4.93x 9.1x 15.4x 16.4x 9.58x 9.88x 11.7x
PBR 5.02x 2.3x 2.12x 4.24x 2.92x 1.89x 1.9x 1.97x
PEG - 0.1x -0.2x -0.5x -0.7x 0.2x -3.31x -0.7x
Capitalization / Revenue 1.71x 1.1x 1.36x 1.44x 1.12x 0.98x 0.93x 0.9x
EV / Revenue 2.98x 2.15x 2.48x 3.07x 2.36x 2.14x 2.02x 1.88x
EV / EBITDA 7.15x 5.53x 7.14x 8.23x 6.22x 5.9x 5.47x 5.18x
EV / EBIT 8.96x 6.47x 10.6x 13.4x 10.9x 12.2x 10.1x 9.81x
EV / FCF 48.4x -42.3x 14.2x 15.6x 13.7x 14.9x 9.76x 8.75x
FCF Yield 2.06% -2.37% 7.06% 6.42% 7.3% 6.71% 10.2% 11.4%
Dividend per Share 2 0.126 1.2 1.093 1.271 - 0.9636 1.131 1.219
Rate of return 0.55% 6.68% 5.47% 5.53% - 5.65% 6.63% 7.14%
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% - 54.1% 65.5% 83.7%
Net sales 1 16,481 20,033 18,024 19,645 20,698 21,475 22,438 23,229
EBITDA 1 6,865 7,784 6,259 7,333 7,848 7,805 8,269 8,452
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 1,336 1,809 1,806
Net Debt 1 20,916 21,038 20,193 32,174 25,545 25,084 24,276 22,789
Reference price 2 23.10 17.97 20.00 22.97 18.76 17.06 17.06 17.06
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 Ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.12x1.61x9.66x6.14% 15.1B
5.53x2.26x5.26x3.58% 10.42B
19.53x2.38x11.58x3.26% 4.99B
15.27x0.82x11.66x4.52% 4.23B
16.1x1.04x6.53x1.31% 2.97B
13.24x1.55x7.33x6.37% 2.92B
14.51x - - 2.42% 2.85B
9.11x0.96x4.17x2.09% 2.15B
-79.37x19.96x-170.11x0.24% 1.47B
Average 3.23x 3.82x -14.24x 3.32% 5.23B
Weighted average by Cap. 10.17x 2.31x 2.45x 4.24%

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

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