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 23,061 - -
Change - -22.04% 11.56% 15.06% -18.39% 0.18% - -
Enterprise Value (EV) 1 49,102 43,014 44,709 60,382 48,565 48,998 47,616 46,573
Change - -12.4% 3.94% 35.06% -19.57% 0.89% -2.82% -2.19%
P/E 9.32x 4.93x 9.1x 15.4x 16.4x 13.8x 12.7x 11.5x
PBR 5.02x 2.3x 2.12x 4.24x 2.92x 2.22x 2.08x 1.99x
PEG - 0.1x -0.2x -0.5x -0.7x 0.7x 1.36x 1.1x
Capitalization / Revenue 1.71x 1.1x 1.36x 1.44x 1.11x 1.08x 1.03x 0.99x
EV / Revenue 2.98x 2.15x 2.48x 3.07x 2.35x 2.29x 2.13x 2.01x
EV / EBITDA 7.15x 5.53x 7.14x 8.23x 6.19x 6.3x 5.86x 5.55x
EV / EBIT 8.96x 6.47x 10.6x 13.4x 10.8x 12x 10.8x 9.78x
EV / FCF 48.4x -42.3x 14.2x 15.6x 13.6x 14.4x 10.7x 9.49x
FCF Yield 2.06% -2.37% 7.06% 6.42% 7.34% 6.93% 9.33% 10.5%
Dividend per Share 2 0.126 1.2 1.093 1.271 - 1.006 1.145 1.247
Rate of return 0.55% 6.68% 5.47% 5.53% - 5.37% 6.11% 6.65%
EPS 2 2.477 3.649 2.199 1.49 1.143 1.354 1.48 1.631
Distribution rate 5.09% 32.9% 49.7% 85.3% - 74.3% 77.4% 76.5%
Net sales 1 16,481 20,033 18,024 19,645 20,698 21,364 22,326 23,218
EBITDA 1 6,865 7,784 6,259 7,333 7,848 7,771 8,123 8,393
EBIT 1 5,481 6,647 4,235 4,497 4,480 4,070 4,405 4,763
Net income 1 3,020 4,692 2,695 1,831 1,678 1,534 1,677 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 18.74 18.74 18.74
Nbr of stocks (in thousands) 12,20,375 12,22,560 12,25,805 12,28,028 12,27,086 12,30,579 - -
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.($)
16.78x1.62x10.29x6.45% 1.46TCr
6.47x2.26x5.43x4.07% 1.11TCr
21.64x2.45x12.1x2.91% 512.12Cr
19.97x0.85x11.09x4.14% 463.43Cr
13.84x2.29x6.3x5.37% 447.85Cr
13.75x1.03x6.53x1.76% 283.75Cr
16.95x1.82x8.25x5.65% 271.73Cr
12.17x - - 5.01% 218.49Cr
5.8x0.85x4.24x2.77% 193.41Cr
Average 14.15x 1.65x 8.03x 4.24% 551.61Cr
Weighted average by Cap. 14.22x 1.79x 8.46x 4.72%

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