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 22,753 - -
Change - -22.04% 11.56% 15.06% -18.39% -1.16% - -
Enterprise Value (EV) 1 49,102 43,014 44,709 60,382 48,565 48,690 47,309 46,266
Change - -12.4% 3.94% 35.06% -19.57% 0.26% -2.84% -2.2%
P/E 9.32x 4.93x 9.1x 15.4x 16.4x 12.7x 11.5x 11.3x
PBR 5.02x 2.3x 2.12x 4.24x 2.92x 2.19x 2.06x 1.96x
PEG - 0.1x -0.2x -0.5x -0.7x 0.5x 1.17x 6.68x
Capitalization / Revenue 1.71x 1.1x 1.36x 1.44x 1.11x 1.07x 1.02x 0.98x
EV / Revenue 2.98x 2.15x 2.48x 3.07x 2.35x 2.28x 2.12x 1.99x
EV / EBITDA 7.15x 5.53x 7.14x 8.23x 6.19x 6.29x 5.84x 5.51x
EV / EBIT 8.96x 6.47x 10.6x 13.4x 10.8x 10.7x 10.8x 9.71x
EV / FCF 48.4x -42.3x 14.2x 15.6x 13.6x 14.3x 10.6x 9.43x
FCF Yield 2.06% -2.37% 7.06% 6.42% 7.34% 6.98% 9.39% 10.6%
Dividend per Share 2 0.126 1.2 1.093 1.271 - 0.9758 1.143 1.247
Rate of return 0.55% 6.68% 5.47% 5.53% - 5.28% 6.18% 6.74%
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% - 66.8% 71.3% 76.5%
Net sales 1 16,481 20,033 18,024 19,645 20,698 21,361 22,300 23,218
EBITDA 1 6,865 7,784 6,259 7,333 7,848 7,738 8,107 8,393
EBIT 1 5,481 6,647 4,235 4,497 4,480 4,557 4,377 4,763
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 18.49 18.49 18.49
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.($)
16.69x1.62x10.25x6.48% 1.46TCr
6.42x2.2x5.06x3.39% 1.07TCr
21.44x2.44x12.02x2.93% 507.92Cr
19.91x0.85x11.08x4.15% 463Cr
12.67x2.28x6.29x5.28% 440.94Cr
13.34x1.02x6.39x1.82% 275.3Cr
16.97x1.82x8.25x5.65% 271.99Cr
12.66x - - 4.82% 227.19Cr
5.78x0.85x4.23x2.78% 193.01Cr
Average 13.99x 1.63x 7.95x 4.14% 545.68Cr
Weighted average by Cap. 14.09x 1.77x 8.37x 4.58%

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