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 21,600 - -
Change - -22.04% 11.56% 15.06% -17.56% -7.12% - -
Enterprise Value (EV) 1 49,102 43,014 44,709 60,382 48,799 46,763 46,038 44,879
Change - -12.4% 3.94% 35.06% -19.18% -4.17% -1.55% -2.52%
P/E 9.32x 4.93x 9.1x 15.4x 16.4x 9.88x 10.2x 12.1x
PBR 5.02x 2.3x 2.12x 4.24x 2.92x 1.94x 1.96x 2.02x
PEG - 0.1x -0.2x -0.5x -0.7x 0.2x -3.42x -0.8x
Capitalization / Revenue 1.71x 1.1x 1.36x 1.44x 1.12x 1.01x 0.97x 0.93x
EV / Revenue 2.98x 2.15x 2.48x 3.07x 2.36x 2.19x 2.06x 1.94x
EV / EBITDA 7.15x 5.53x 7.14x 8.23x 6.22x 6.04x 5.65x 5.41x
EV / EBIT 8.96x 6.47x 10.6x 13.4x 10.9x 12x 10.3x 10.2x
EV / FCF 48.4x -42.3x 14.2x 15.6x 13.7x 13.8x 10.4x 9.15x
FCF Yield 2.06% -2.37% 7.06% 6.42% 7.3% 7.26% 9.65% 10.9%
Dividend per Share 2 0.126 1.2 1.093 1.271 - 0.9743 1.147 1.219
Rate of return 0.55% 6.68% 5.47% 5.53% - 5.54% 6.53% 6.93%
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% - 54.7% 66.4% 83.7%
Net sales 1 16,481 20,033 18,024 19,645 20,698 21,318 22,321 23,178
EBITDA 1 6,865 7,784 6,259 7,333 7,848 7,742 8,150 8,302
EBIT 1 5,481 6,647 4,235 4,497 4,480 3,909 4,449 4,380
Net income 1 3,020 4,692 2,695 1,831 1,678 1,147 1,780 1,829
Net Debt 1 20,916 21,038 20,193 32,174 25,545 25,163 24,438 23,279
Reference price 2 23.10 17.97 20.00 22.97 18.76 17.58 17.58 17.58
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 10/02/22 08/02/23 07/02/24 26/02/25 11/02/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.28x1.55x9.26x6.39% 14.15B
5.58x2.25x5.27x3.72% 10.13B
19.76x2.35x11.51x3.13% 4.8B
18.94x0.84x10.99x4.3% 4.38B
15.99x1.03x6.57x1.31% 2.86B
14.44x1.61x7.76x6.8% 2.59B
9.87x - - 3.56% 1.94B
7.97x0.88x3.83x2.39% 1.85B
-119.39x14.66x-806.11x0.17% 1.68B
Average -1.40x 3.15x -93.86x 3.53% 4.93B
Weighted average by Cap. 7.94x 2.19x -24.13x 4.39%

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