Klabin S.A.

BOVESPA:KLBN4 Stock Report

Market Cap: R$21.1b

Klabin Future Growth

Future criteria checks 3/6

Klabin is forecast to grow earnings and revenue by 26.5% and 4.2% per annum respectively. EPS is expected to grow by 19.5% per annum. Return on equity is forecast to be 19.3% in 3 years.

Key information

26.5%

Earnings growth rate

19.53%

EPS growth rate

Packaging earnings growth23.3%
Revenue growth rate4.2%
Future return on equity19.30%
Analyst coverage

Good

Last updated24 Jun 2026

Recent future growth updates

No updates

Recent updates

Narrative Update • Jun 16

KLBN4: Higher Risk Assumptions Will Still Support Future Stock Re Rating

Analysts have slightly reduced their R$ price target on Klabin as updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, together with a recent downgrade highlighted in Street research, point to a more cautious outlook on the stock. What’s in the News for Klabin stock Recent analyst revisions to Klabin’s fair value assumptions, discount rate and future P/E have led to a slightly lower R$ price target, reinforcing a more cautious stance on the stock.
Narrative Update • Jun 02

KLBN4: Lower Discount Rate And P/E Assumptions Will Support Future Re Rating

Klabin’s analyst price target has been nudged higher to about R$4.63 from roughly R$4.60, with analysts pointing to adjustments in fair value, discount rate, revenue growth, profit margin and future P/E assumptions following recent research, including the downgrade highlighted by JPMorgan. What's in the News Analysts adjust Klabin’s fair value assumptions, including revenue growth, profit margins and future P/E, following recent research updates.
Narrative Update • Apr 25

KLBN4: Recalibrated Earnings Assumptions Will Support Future Re Rating Potential

Analysts have trimmed their price target on Klabin to around R$4.60 from roughly R$4.75, reflecting slightly softer assumptions for fair value, profit margins and revenue growth following recent downgrades at major banks. Analyst Commentary Recent research, including a downgrade at JPMorgan and a more cautious stance from other banks, highlights a mix of constructive and cautious views on Klabin's outlook.
Narrative Update • Apr 09

KLBN4: Higher Required Return And Merger Plans Will Support Re Rating Potential

Analysts have trimmed their price target on Klabin to R$4.75 from about R$4.79 as they factor in slightly lower revenue growth, a modestly tighter profit margin profile and a higher required return, even as projected future P/E moves a bit higher, in line with a more cautious stance highlighted in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher projected future P/E as a sign that the market may still be willing to ascribe some value to Klabin's longer term earnings profile, even with a slightly more conservative stance on near term fundamentals.
Narrative Update • Mar 26

KLBN4: Reset Assumptions And Upcoming Merger Will Support Re Rating Potential

Analysts have adjusted their price target on Klabin to R$4.79 from R$4.74, citing updated assumptions for fair value, discount rate and future P/E. A recent downgrade reflects more cautious sentiment around the shares.
Narrative Update • Mar 10

KLBN4: Upcoming Dividend And Investor Day Will Support Higher Margin Potential

Analysts have trimmed their price target on Klabin to R$4.74 from R$4.75. This reflects slightly softer revenue growth assumptions, a modestly lower discount rate and a higher projected profit margin after recent research turned more cautious on the shares.
Narrative Update • Feb 23

KLBN4: Upcoming Dividend And Investor Day Will Support Margin Resilience Potential

Analysts have trimmed their price target on Klabin to R$4.75 from R$4.81, reflecting updated views that combine slightly higher revenue growth expectations with more cautious assumptions on profit margins and future P/E multiples after recent research turned more bearish on the name. Analyst Commentary Bullish Takeaways Bullish analysts still see room for execution upside if Klabin can protect margins while delivering the slightly higher revenue growth now embedded in models, which could support the revised valuation even with lower P/E assumptions.
Narrative Update • Feb 08

KLBN4: Upcoming Dividend And Investor Day Will Support Future Upside

Analysts have nudged their price target on Klabin slightly lower, trimming fair value from US$4.84 to US$4.81 as small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions flow through their models. What's in the News Klabin plans an Analyst/Investor Day event, giving management a platform to update the market on operations, capital allocation and medium term priorities (Key Developments).
Narrative Update • Jan 23

KLBN4: Upcoming Dividend Actions Will Support Stronger Share Upside

Analysts have slightly increased their price target for Klabin, raising their fair value estimate to US$4.84 from US$4.82, citing small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Klabin plans an Analyst/Investor Day event, giving management a platform to update the market on key priorities and capital allocation plans (Key Developments).
Narrative Update • Jan 08

KLBN4: Upcoming Dividend Actions Will Support Stronger Share Upside

Analysts have trimmed their price target for Klabin slightly, reflecting refreshed fair value assumptions, modestly adjusted discount rates and updated views on revenue growth, profit margins and future P/E expectations. What's in the News Klabin has scheduled an Analyst and Investor Day, giving you a chance to hear directly from management about the business and capital allocation plans (Key Developments).
Narrative Update • Dec 18

KLBN4: Dividend Decision And Investor Day Will Support Stronger Share Upside

Analysts have modestly raised their price target on Klabin to reflect slightly higher projected revenue growth and a marginal uptick in long term valuation multiples, partly offset by a small downgrade to expected profit margins. What's in the News Upcoming Board meeting scheduled for November 3, 2025, with an agenda focused on considering the distribution and payment of dividends to shareholders (Board Meeting) Analyst and investor day event planned, providing updated strategic and financial guidance to the market (Analyst/Investor Day) Valuation Changes The fair value estimate remains at R$4.93 per share, reflecting no change in the intrinsic valuation.
Narrative Update • Dec 03

KLBN4: Dividend Decision Will Support Stronger Share Price Upside

Analysts have modestly reduced their price target on Klabin to 4.93 dollars from 27.00 dollars, reflecting more conservative assumptions for revenue growth, profit margins, and future valuation multiples. What's in the News The Board of Directors has scheduled a meeting for November 3, 2025, to deliberate on the distribution and payment of dividends to shareholders (company filing).
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New Narrative • Jun 08

E-commerce And Renewable Packaging Will Shape Future Markets

Global sustainability trends and e-commerce growth are driving increased demand for Klabin's renewable packaging and specialty paper products, supporting revenue and margin expansion.

Earnings and Revenue Growth Forecasts

BOVESPA:KLBN4 - Analysts future estimates and past financials data (BRL Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202823,1831,8064,8797,84710
12/31/202722,3121,7754,4156,73713
12/31/202621,3211,3163,3936,28513
3/31/202620,7854722,7635,793N/A
12/31/202520,6981,4033,5646,396N/A
9/30/202520,8001,7204,0906,958N/A
6/30/202520,3732,090-2,5796,830N/A
3/31/202520,0741,807-1,4637,957N/A
12/31/202419,6451,831-2,3797,541N/A
9/30/202418,8772,064-2,4757,571N/A
6/30/202418,2791,6043,4077,456N/A
3/31/202417,6231,9552,1196,566N/A
12/31/202318,0242,6952,0306,745N/A
9/30/202318,6072,8692,9098,566N/A
6/30/202319,6954,5311,9349,258N/A
3/31/202320,4414,6426768,759N/A
12/31/202220,0334,4612968,421N/A
9/30/202219,5304,551-8436,451N/A
6/30/202218,4003,7255546,023N/A
3/31/202217,4373,6331,0925,606N/A
12/31/202116,4813,0201,0144,891N/A
9/30/202115,1933,4441,0175,356N/A
6/30/202113,9432,1512,2546,941N/A
3/31/202112,8241,0541,9296,711N/A
12/31/202011,949-2,4882,2267,012N/A
9/30/202011,361-3,2162,1656,183N/A
6/30/202010,730-2,8021283,642N/A
3/31/202010,373-2,2943733,470N/A
12/31/201910,272676N/A2,953N/A
9/30/201910,353948N/A2,564N/A
6/30/201910,682837N/A2,306N/A
3/31/201910,317-188N/A2,708N/A
12/31/201810,016137N/A2,787N/A
9/30/20189,529-809N/A2,461N/A
6/30/20188,947-522N/A2,104N/A
3/31/20188,69655N/A1,697N/A
12/31/20178,373532N/A1,793N/A
9/30/20178,039724N/A1,788N/A
6/30/20177,780365N/A2,077N/A
3/31/20177,4942,010N/A1,637N/A
12/31/20167,0912,482N/A1,203N/A
9/30/20166,7222,894N/A1,315N/A
6/30/20166,2031,521N/A1,295N/A
3/31/20165,843549N/A1,481N/A
12/31/20155,688-1,253N/A1,740N/A
9/30/20155,349-1,901N/A1,740N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KLBN4's forecast earnings growth (26.5% per year) is above the savings rate (12.4%).

Earnings vs Market: KLBN4's earnings (26.5% per year) are forecast to grow faster than the BR market (13.2% per year).

High Growth Earnings: KLBN4's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KLBN4's revenue (4.2% per year) is forecast to grow slower than the BR market (7.4% per year).

High Growth Revenue: KLBN4's revenue (4.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: KLBN4's Return on Equity is forecast to be low in 3 years time (19.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/09 10:15
End of Day Share Price 2026/07/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Klabin S.A. is covered by 22 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pedro GrimaldiBarclays
Mary Cleia da SilvaBB Banco de Investimento S.A.
Caio RibeiroBofA Global Research