EN DE

Klabin S.A (KLBN3) Fair Value & Analysis

Basic Materials · BR · Market cap R$21.7B

KS Klabin S.A KLBN3 · SA
PriceR$3.81
Fair ValueR$3.80
Upside-0.3%
Quality48/100
Watch Klabin S.A for free, get notified when fair value or trend changes. Watch for free

Strengths

✓Ranks above peers (12/15)

Risks

!Mixed Growth (revenue 5y +11.6 %/yr)
!Thin margins · 2.3% net margin
!High debt · generates free cash flow
!Narrow moat 36/100
Mixed Growth (revenue 5y +11.6 %/yr)
Thin margins · 2.3% net margin
High debt · generates free cash flow
Ranks above peers (12/15)
Narrow moat 36/100
Evidence: Medium Range R$2.11 – R$4.86 Share as image

Fair value as of: Aug 23, 2026

From 26 valuation models · updated 2 days ago

Share price +7.9% over the past month.

Below-average quality, currently priced close to our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Track Klabin S.A and get told automatically when its fair value or trend turns, plus fair value for all 35,000+ stocks. 14 days of Pro free, no card.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (R$2.11 to R$4.86) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

R$4.66 R$2.62 Fair Value R$3.80 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range R$2.62 – R$4.66 · fair‑value band R$2.11 – R$4.86 · the R$3.81 price screens above the R$3.80 fair value. Dashed = 300-day average. As of Aug 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Klabin S.A (KLBN3) currently trades at R$3.81, while our model-based Fair Value estimate is R$3.80, implying the stock looks roughly 0.3% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Klabin S.A generated revenue of R$20.8B at a net margin of 2.3%. Revenue grew 1.8% year over year. It earns a return on equity of 5.5%. Net debt stands at R$29.8B. Fundamentals as of Aug 23, 2026

Our scenario range runs from R$2.11 (bear case) to R$4.86 (bull case); at R$3.81, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 0%, KLBN3 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF R$3.33 R$8.76 R$17.88 80
Residual Income R$1.47 R$1.82 R$4.35 76
Rev-Margin DCF R$0.7100 R$3.62 R$7.35 74
All 26 models by family
DCF Models
FCF DCF R$3.37 R$9.24 R$19.36 38
Owner Earnings R$3.37 R$9.23 R$19.34 31
5Y Revenue Exit R$0.7100 R$3.62 R$7.46 39
5Y EBITDA Exit R$5.39 R$13.21 R$23.03 41
5Y P/E Exit R$0.1600 R$2.50 R$5.08 38
10Y Revenue Exit R$1.43 R$4.48 R$8.95 36
10Y EBITDA Exit R$4.65 R$11.49 R$21.89 37
10Y P/E Exit R$1.19 R$3.67 R$6.97 35
Earnings-Based
Graham-Dodd R$1.55 R$7.04 R$9.66 54
Lynch FV R$1.84 R$2.63 R$3.42 50
PEG = 1.0 R$1.84 R$2.63 R$3.42 46
EPV R$1.48 R$2.40 R$3.21 59
Dividend Discount
Gordon GGM R$1.43 R$2.98 R$4.72 70
DDM Multi-Stage R$1.43 R$2.51 R$3.12 61
Multiples
P/E Multiple R$2.91 R$3.89 R$4.86 63
P/S Multiple R$2.91 R$3.89 R$4.86 58
P/B Multiple R$2.89 R$3.85 R$4.82 55
EV/EBIT R$3.25 R$5.68 R$8.11 53
EV/EBITDA R$7.26 R$11.03 R$14.80 54
EV/Revenue — R$1.01 R$2.53 43
Asset-Based
NCAV (Graham) R$0.6400 R$0.8600 R$1.28 50
Growth DCF
Growth DCF R$3.33 R$8.76 R$17.88 80
Rev-Margin DCF R$0.7100 R$3.62 R$7.35 74
Economic Profit
Residual Income R$1.47 R$1.82 R$4.35 76
ROIC Compounder R$1.58 R$3.55 R$5.98 72
Growth Earnings
Growth-Adj P/E R$2.66 R$3.80 R$4.95 68

Widest divergence: DCF Models (R$4.48) versus Asset-Based (R$0.8600). Highest evidence: Growth DCF (80).

Notify me when KLBN3 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 44.0 as of Jul 14, 2026
P/S ratio 1.04 TTM
Net margin 2.3% TTM
Return on equity 5.5% TTM
Return on assets 2.4% TTM
Operating margin 6.5% TTM
More key figures
Profitability
EPS (TTM) R$0.0800
Growth
Revenue (TTM) R$20.8B TTM
Revenue growth (YoY) +1.8% 3y avg +1.1%
EPS growth (YoY) -79.6%
Balance sheet & cash flow
Free cash flow R$3.6B FY2025
Net debt R$29.8B FY2025 · ≈ 8.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 60

Profitability 34
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 58
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Klabin S.A., together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company operates through Forestry, Pulp, Paper, and Packaging segments. It engages in the planting and growing of pine and eucalyptus trees, and in the forest management business.

Full company description

Klabin S.A., together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company operates through Forestry, Pulp, Paper, and Packaging segments. It engages in the planting and growing of pine and eucalyptus trees, and in the forest management business. The company is also involved in the sale of commercial timber. In addition, it produces and sells hardwood (eucalyptus), softwood (pine), and fluff pulp, as well as paperboard, Kraftliner paper, recycled paper, corrugated cardboard boxes, corrugated cardboard, and industrial sacks. Klabin S.A. was founded in 1899, and is headquartered in São Paulo, Brazil.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Klabin S.A reported revenue of R$20.7B in FY2025 versus R$16.5B in FY2021, a compound +5.9%/yr. Reported net income was R$1.4B in FY2025, compounding −17.4%/yr from FY2021.

Growth Quality 85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
R$20.7B
Latest YoY
+5.4%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.1%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.6%
Avg. revenue growth/yr (21Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.1%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−2.7% (-2.7 + 0.0)
Revenue +5.9%/yr
FY21 R$16.5B
FY22 R$20.0B
FY23 R$18.0B
FY24 R$19.6B
FY25 R$20.7B
Net income −17.4%/yr
FY21 R$3.0B
FY22 R$4.5B
FY23 R$2.7B
FY24 R$1.8B
FY25 R$1.4B
Character of growth · EPS growth decomposed (2014-2025) −4.9 % p.a.
Revenue per share +5.9 pp

of which total revenue +14.0 pp · buybacks/dilution −8.0 pp

EBIT margin −2.4 pp
Tax rate +0.1 pp
Residual (interest, one-offs) −8.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch KLBN3: get an alert when its fair value changes →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Klabin S.A · Fair Value
R$3.80 −0%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Klabin S.A Fair Value". https://www.fairvalue-calculator.com/stock/KLBN3

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Paper & Paper Products · 114 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Above median
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 5% · Above median
Return on assets 2% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 2% · Above median
Dividend yield (TTM) 4.5% · Top 25%
Debt / equity 4.43× · Higher than 75% of peers

Valuation Multiples vs Paper & Paper Products median · lower = cheaper

P/E (TTM) 44.0× · Pricier than 75% of peers
P/B 0.53× · Cheaper than median
P/S (TTM) 0.20× · Cheaper than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 4.3× · Cheaper than 75% of peers
PEG 0.17× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 24
FUTURE9 · sector 5
PAST22 · sector 12
HEALTH0 · sector 92
DIVIDEND90 · sector 48

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
UPM-Kymmene Oyj UPM €23.67 €14.21 -40%
Suzano S.A SUZ $8.50 $23.89 +181%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAA kr 111.50 kr 45.12 -60%
Shandong Sunpaper Co 002078 ¥13.94 ¥17.29 +24%
Holmen AB HOLMB kr 314.00 kr 217.72 -31%
Nine Dragons Paper (Holdings) Limited 2689 HK$7.92 HK$8.74 +10%
Empresas CMPC S.A CMPC 1,000 CLP 1,253 CLP +25%
The Navigator Company NVG €3.24 €2.65 -18%
Xianhe Co 603733 ¥21.11 ¥21.06 -0%
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A SEM €22.40 €24.73 +10%

Compare Klabin S.A with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Fama-French 3-Factor Model Calculator Run the Fama-French 3-factor model in seconds: expected return from the market, size and value factors - free, with formula, betas and an example. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Klabin S.A (KLBN3) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of R$3.80 versus a price of R$3.81, about −0% (fairly valued).
What is the fair value of KLBN3?
Our model-based fair value for Klabin S.A is R$3.80 (as of Aug 23, 2026), built from audited fundamentals. The current price: R$3.81.
What is the quality score of KLBN3?
Klabin S.A has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Klabin S.A (KLBN3)?
Klabin S.A reported trailing-twelve-month revenue of about R$20.8B (latest available figure, as of Aug 23, 2026).
What is the net profit margin of KLBN3?
The net profit margin of Klabin S.A is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Klabin S.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.