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 21,547 - -
Change - -22.04% 11.56% 15.06% -17.56% -7.34% - -
Enterprise Value (EV) 1 49,102 43,014 44,709 60,382 48,799 47,484 46,103 45,060
Change - -12.4% 3.94% 35.06% -19.18% -2.69% -2.91% -2.26%
P/E 9.32x 4.93x 9.1x 15.4x 16.4x 12x 10.9x 10.7x
PBR 5.02x 2.3x 2.12x 4.24x 2.92x 2.07x 1.95x 1.86x
PEG - 0.1x -0.2x -0.5x -0.7x 0.4x 1.11x 6.32x
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 2.22x 2.07x 1.94x
EV / EBITDA 7.15x 5.53x 7.14x 8.23x 6.22x 5.89x 5.68x 5.35x
EV / EBIT 8.96x 6.47x 10.6x 13.4x 10.9x 10.3x 10.6x 9.48x
EV / FCF 48.4x -42.3x 14.2x 15.6x 13.7x 14x 10.4x 9.19x
FCF Yield 2.06% -2.37% 7.06% 6.42% 7.3% 7.15% 9.64% 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% - 5.65% 6.54% 7.14%
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 17.51 17.51 17.51
Nbr of stocks (in thousands) 1,220,375 1,222,560 1,225,805 1,228,028 1,239,568 1,230,579 - -
Announcement Date 2/10/22 A 2/8/23 A 2/7/24 A 2/26/25 A 2/11/26 A - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.28x1.58x10.05x6.64% 14.04B
5.93x2.13x4.89x3.53% 9.87B
21.18x2.44x12.08x2.89% 5.04B
19.71x0.85x11.19x4.13% 4.64B
11.99x2.22x5.89x5.65% 4.15B
16.75x1.81x8.17x5.72% 2.65B
11.6x - - 3.03% 2.29B
5.64x0.83x4.15x2.84% 1.86B
-94.77x18.08x-437x0.14% 1.63B
Average 1.59x 3.74x -47.57x 3.84% 5.13B
Weighted average by Cap. 10.01x 2.38x -8.12x 4.61%

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