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Klabin (KLBN) USD

At a glance: strengths & risks
✓Revenue growing (+8% y/y, Q2 2026)✗Profit falling (-27% y/y, Q2 2026)✗Margins compressing (46%→43%, Q2 2026)

Sector: Paper and packaging

BR_KLBN

Price chart

19.42 BRLDay 1.04%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
19.42 BRL · 1.04%
Market cap
23.1 bn USD

Growth

Δ revenue y/y
7.8%
Δ EBITDA y/y
-0.1%

Multiples

P/E (LTM)
180.8x
P/B (FY)
8.8x
P/E (ann.)
76.0x
EV/EBITDA (LTM)
21.0x
EV/EBITDA (ann.)
16.2x

Cash return

Dividend yield
6.0%
FCF yield (LTM)
0.6%

Value creation

fundamental value/yr, % of market cap
Value created / year
+0.5%
↓ details

Liquidity

Daily turnover (listing)
12.4 mln BRL

Shares: yahoo_fundamentals_timeseries/KLBN11.SA

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)PARTIAL1014.3
y/y 7.8%
241.9
y/y -11.5%
228.2
y/y 12.9%
238.4
y/y -0.1%
175.2
y/y -27.5%
308.533.112539.8
y/y 15.9%
3145.6
y/y 31.0%
9.7%4874.1Link
2026-03-31Q1 2026 (3M)PARTIAL985.7
y/y 14.0%
-37.8
y/y -122.9%
231.7
y/y 0.2%
193.8
y/y -51.1%
-99.0
y/y -224.7%
265.9-110.012374.8
y/y 21.0%
3104.9
y/y 54.3%
-13.8%4923.2Link
2025-12-31Q4 2025 (3M)PARTIAL965.6
y/y 71.0%
170.2
y/y 19.3%
232.7
y/y 90.9%
402.9
y/y 52.3%
33.2
y/y -43.4%
165.1-26.011649.8
y/y 21.2%
2629.8
y/y 88.1%
11.4%4716.7Link
2025-09-30Q3 2025 (3M)PARTIAL1008.3
y/y 16.2%
252.4
y/y 19.2%
245.4
y/y 39.5%
497.8
y/y 28.4%
88.8
y/y -29.8%
348.0-148.011550.3
y/y 12.8%
2726.0
y/y 31.5%
4.6%4849.6Link
2025-06-30Q2 2025 (3M)PARTIAL941.1
y/y 6.7%
230.7
y/y 29.8%
202.1
y/y 14.6%
432.8
y/y 22.2%
105.0
y/y 86.9%
310.2-48.410821.7
y/y 5.6%
2401.4
y/y 16.0%
19.0%5001.5Link
2025-03-31Q1 2025 (3M)PARTIAL864.5
y/y -0.1%
164.9
y/y -15.8%
231.1
y/y 38.1%
396.0
y/y 9.0%
79.4
y/y -11.6%
344.7-99.310226.5
y/y -7.9%
2012.1
y/y -24.0%
18.6%5285.8Link
2024-12-31Q4 2024 (3M)PARTIAL564.8
y/y -42.1%
142.6
y/y -24.3%
121.9
y/y -40.4%
264.6
y/y -32.7%
58.7
y/y -27.7%
-44.1-63.39613.4
y/y -16.1%
1398.1
y/y -50.7%
19.1%5207.9Link
2024-09-30Q3 2024 (3M)PARTIAL867.5
y/y -0.5%
211.8
y/y 68.4%
175.9
y/y 2.2%
387.7
y/y 30.1%
126.5
y/y 161.0%
373.0-83.810237.0
y/y -0.1%
2073.1
y/y -23.1%
8.1%5022.7Link
2024-06-30Q2 2024 (3M)PARTIAL882.0
y/y -3.0%
177.7
y/y -25.5%
176.3
y/y 4.9%
354.1
y/y -13.0%
56.2
y/y -72.7%
496.2-106.310246.7
y/y -1.7%
2070.6
y/y -31.3%
9.5%4122.9Link
2024-03-31Q1 2024 (3M)PARTIAL865.7
y/y -10.7%
195.9
y/y -39.8%
167.4
y/y 17.4%
363.3
y/y -22.4%
89.9
y/y -64.5%
376.9-128.211099.2
y/y 12.0%
2647.3
y/y 3.4%
13.1%4228.7Link
2023-12-31Q4 2023 (3M)PARTIAL974.9
y/y —
188.4
y/y —
204.5
y/y —
392.9
y/y —
81.3
y/y —
557.1-20.011455.9
y/y —
2837.9
y/y —
21.3%4262.6Link
2023-09-30Q3 2023 (3M)PARTIAL872.0
y/y —
125.8
y/y —
172.2
y/y —
298.0
y/y —
48.5
y/y —
211.0-186.110244.3
y/y —
2694.6
y/y —
2.3%4138.2Link
2023-06-30Q2 2023 (3M)PARTIAL908.8
y/y —
238.7
y/y —
168.1
y/y —
406.9
y/y —
205.5
y/y —
405.7-189.810428.8
y/y —
3016.1
y/y —
29.5%4131.6Link
2023-03-31Q1 2023 (3M)PARTIAL969.0
y/y —
325.2
y/y —
142.6
y/y —
467.8
y/y —
253.2
y/y —
395.2-217.19905.6
y/y —
2560.1
y/y —
—4209.5Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02505007501 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%-50%0%50%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-200-10001002003004002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

02 0004 0006 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2023–2025 operating cash flow came to 3.63x of reported net profit; after capex, 2.48x.
year202320242025
cash flow / profit2.67x3.63x3.81x
accruals, % of assets-8.6%-9.1%-7.4%
Last twelve months (to 2025-Q3): 10.97x of profit came back as operating cash flow.
net debt / EBITDA 2.7x
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +0.5%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (432 − 433) × 3.53
-2
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (23 131 + 4 874) ÷ 1 527
18.3x
3. Target multiple
(Current EV/EBITDA + 7) ÷ 2
= (18.3 + 7) ÷ 2
12.7x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 127 + 0 + 0 − 0
127
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-2 × 12.7 + 127) ÷ 23 131
+0.5%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +19% vs -15% the year before — a +33.5 pp move. 3-year CAGR —.
revenue growth by year: 2024 -15% · 2025 +19%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2025-12-160.9029 BRLEx-dividend: 0.9029 BRL per sharePaidYahoo Finance (ex-div)
2025-11-100.2582 BRLEx-dividend: 0.2582 BRL per sharePaidYahoo Finance (ex-div)
2025-08-110.2485 BRLEx-dividend: 0.2485 BRL per sharePaidYahoo Finance (ex-div)
2025-05-140.2265 BRLEx-dividend: 0.2265 BRL per sharePaidYahoo Finance (ex-div)
2025-03-060.044 BRLEx-dividend: 0.044 BRL per sharePaidYahoo Finance (ex-div)
2024-12-170.2101 BRLEx-dividend: 0.2101 BRL per sharePaidYahoo Finance (ex-div)
2024-11-120.3461 BRLEx-dividend: 0.3461 BRL per sharePaidYahoo Finance (ex-div)
2024-08-060.3339 BRLEx-dividend: 0.3339 BRL per sharePaidYahoo Finance (ex-div)
2024-05-060.2687 BRLEx-dividend: 0.2687 BRL per sharePaidYahoo Finance (ex-div)
2024-02-160.1566 BRLEx-dividend: 0.1566 BRL per sharePaidYahoo Finance (ex-div)
2023-12-220.1395 BRLEx-dividend: 0.1395 BRL per sharePaidYahoo Finance (ex-div)
2023-10-300.2602 BRLEx-dividend: 0.2602 BRL per sharePaidYahoo Finance (ex-div)
2023-08-070.2194 BRLEx-dividend: 0.2194 BRL per sharePaidYahoo Finance (ex-div)
2023-05-080.3175 BRLEx-dividend: 0.3175 BRL per sharePaidYahoo Finance (ex-div)
2023-02-140.2822 BRLEx-dividend: 0.2822 BRL per sharePaidYahoo Finance (ex-div)
2022-12-210.0294 BRLEx-dividend: 0.0294 BRL per sharePaidYahoo Finance (ex-div)
2022-11-010.4106 BRLEx-dividend: 0.4106 BRL per sharePaidYahoo Finance (ex-div)
2022-08-020.3264 BRLEx-dividend: 0.3264 BRL per sharePaidYahoo Finance (ex-div)
2022-05-090.283 BRLEx-dividend: 0.283 BRL per sharePaidYahoo Finance (ex-div)
2022-02-150.3089 BRLEx-dividend: 0.3089 BRL per sharePaidYahoo Finance (ex-div)
2021-11-010.3294 BRLEx-dividend: 0.3294 BRL per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.rad.cvm.gov.br/ENET/frmConsultaExternaCVM.aspx?codigoCVM=12653

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Klabin (KLBN) — from primary filings.

Frequently asked questions

What is Klabin (KLBN)'s P/E ratio?
Klabin (KLBN) trades at a P/E of 180.8x (price to trailing 12-month earnings).
What is Klabin (KLBN)'s EV/EBITDA?
Klabin (KLBN) trades at 21.0x EV/EBITDA.
What is Klabin (KLBN)'s P/B ratio?
Klabin (KLBN) trades at a P/B of 8.8x.
What is Klabin (KLBN)'s dividend yield?
Klabin (KLBN)'s trailing 12-month dividend yield is 6.0%.
What is Klabin (KLBN)'s return on equity (ROE)?
Klabin (KLBN)'s ROE is 9.7%.
What is Klabin (KLBN)'s market capitalization?
Klabin (KLBN)'s market cap is 23.1 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map