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STOCK COMPARISON

Klabin S.A. vs UPM-Kymmene Oyj: Fair Value & Quality

Both stocks run through our valuation models. Here is how Klabin S.A. (KLBN11) and UPM-Kymmene Oyj (UPM) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees UPM-Kymmene Oyj as the less overvalued of the two: Klabin S.A. trades at BRL 18.02 versus a fair value of BRL 3.89 (-78%), while UPM-Kymmene Oyj trades at €23.48 versus €21.15 (-10%).
Klabin S.A.
KLBN11.SA · BRL · Materials
-78%
upside to fair value
overvalued
PriceBRL 18.02
Fair ValueBRL 3.89
Quality52/100
UPM-Kymmene Oyj
UPM.HE · EUR · Materials
-10%
upside to fair value
fairly valued
Price€23.48
Fair Value€21.15
Quality59/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Klabin S.A.UPM-Kymmene Oyj
Valuation
26.6×P/E (TTM)23.0×
1.18×P/S (TTM)1.50×
3.10×P/B1.43×
7.2×EV/EBITDA14.3×
PEG12.89×
9.5%Dividend yield6.4%
BRL 1.65Dividend per share€1.50
Profitability
2%Net margin6%
6%Operating margin10%
5%Return on equity5%
2%Return on assets2%
Growth
2%Revenue growth (YoY)-5%
1.1%Avg. growth/yr (3Y)-6.3%
11.6%Avg. growth/yr (5Y)2.4%
Balance & size
4.43×Debt / equity0.28×
$24BMarket cap$14B
healthyGrowth qualitymixed

Klabin S.A. leads: 8 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Klabin S.A.of which business quality 51 · market factors 56 UPM-Kymmene Oyjof which business quality 58 · market factors 56
ProfitabilityMargins and returns on capital today
34
26
Quality GrowthAre margins and returns improving?
61
38
CashflowEarnings quality: real cash, not paper profit
77
66
Fin. StrengthBalance sheet, leverage, solvency risk
26
55
InvestmentDisciplined investing over empire-building
61
96
Low VolatilityCalm price path (market factor)
94
91
MomentumPrice trend over the last 3–12 months (market factor)
40
41
52W MomentumDistance to the 52-week high (market factor)
40
44
Net IssuanceBuybacks instead of dilution
58
88

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Klabin S.A.

DCF ModelsBRL 8.04
Earnings-BasedBRL 2.63
Dividend DiscountBRL 2.75
MultiplesBRL 4.48
Asset-BasedBRL 0.86
Growth DCFBRL 7.76
Economic ProfitBRL 2.69
Growth EarningsBRL 4.14

26 of 26 models see the stock below the current price.

UPM-Kymmene Oyj

DCF Models€15.68
Earnings-Based€4.21
Dividend Discount€16.20
Multiples€15.47
Asset-Based€12.71
Growth DCF€16.37
Economic Profit€7.88
Growth Earnings€13.80

24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Klabin S.A.
Bear BRL 2.66Fair Value BRL 3.89Bull BRL 4.95
BRL 18.02 = current price (white tick)
UPM-Kymmene Oyj
Bear €15.88Fair Value €21.15Bull €26.45
€23.48 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Klabin S.A. · Materials

Quality score52 · above median
Fair value upside-78% · bottom 25%

UPM-Kymmene Oyj · Materials

Quality score59 · Top 25%
Fair value upside-10% · above median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees UPM-Kymmene Oyj as the less overvalued of the two: Klabin S.A. trades at BRL 18.02 versus a fair value of BRL 3.89 (-78%), while UPM-Kymmene Oyj trades at €23.48 versus €21.15 (-10%).

UPM-Kymmene Oyj has the higher quality score (59/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.