Suzano Future Growth
Future criteria checks 1/6
Suzano's earnings are forecast to decline at 13% per annum while its annual revenue is expected to grow at 9% per year. EPS is expected to decline by 13.1% per annum. Return on equity is forecast to be 14.2% in 3 years.
Key information
-13.0%
Earnings growth rate
-13.14%
EPS growth rate
| Forestry earnings growth | 23.0% |
| Revenue growth rate | 9.0% |
| Future return on equity | 14.23% |
| Analyst coverage | Good |
| Last updated | 02 Jun 2026 |
Recent future growth updates
Analysis Article • Feb 13
Suzano S.A. Just Missed Earnings - But Analysts Have Updated Their Models
Shareholders of Suzano S.A. ( BVMF:SUZB3 ) will be pleased this week, given that the stock price is up 16% to R$58.25...Analysis Article • Nov 11
Suzano S.A. Just Missed EPS By 9.4%: Here's What Analysts Think Will Happen Next
Suzano S.A. ( BVMF:SUZB3 ) shareholders are probably feeling a little disappointed, since its shares fell 3.8% to...Analysis Article • Aug 10
Suzano S.A. Just Beat EPS By 109%: Here's What Analysts Think Will Happen Next
BOVESPA:SUZB3 1 Year Share Price vs Fair Value Explore Suzano's Fair Values from the Community and select yours Suzano...Recent updates
Narrative Update • Jun 02
SUZB3: Capital Increase And Added Minerals Activity Will Support Upside
Analysts have slightly trimmed Suzano's fair value estimate from about R$68.68 to R$67.08, reflecting updated assumptions around discount rate, revenue growth, profit margins and future P/E levels. What's in the News At the Annual and Extraordinary General Shareholders' Meeting on April 23, 2026, shareholders approved amendments to Suzano's bylaws, including an expanded corporate purpose to cover extraction and processing of mineral substances such as basalt, gravel, clay and related materials, as a complementary activity to existing operations.Narrative Update • Apr 20
SUZB3: Share Repurchases And Dividend Proposal Will Support Long Term Upside
Analysts have revised their Suzano fair value estimate from R$70.98 to R$68.68, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Suzano has scheduled a Special and Extraordinary Shareholders Meeting for April 23, 2026, providing a key date to watch for approvals and corporate decisions related to the company (Key Developments).Narrative Update • Apr 05
SUZB3: Share Repurchases And Dividend Proposal Will Support Future Upside
Analysts have slightly trimmed Suzano's fair value estimate to R$70.98 from R$71.21, as small adjustments to the discount rate, revenue growth, profit margin, and forward P/E assumptions feed through to the price target calculation. What's in the News Suzano has called a Special and Extraordinary Shareholders Meeting for April 23, 2026, which will address key corporate matters including proposed dividends and bylaw changes (company event filing).Narrative Update • Mar 21
SUZB3: Share Repurchases And Richer P E Multiple Will Support Upside
Analysts have nudged their Suzano price target higher to R$71.21 from R$70.56, citing modest adjustments in the discount rate, revenue growth, profit margin assumptions and a slightly richer future P/E multiple. What's in the News Suzano's board authorized a share repurchase program on February 10, 2026, allowing the company to buy back up to 40,000,000 shares, which may be held in treasury, canceled, or later sold.Narrative Update • Mar 07
SUZB3: Share Buybacks And Dividends Will Support Future Upside Potential
Analysts have increased their Suzano price target from R$69.36 to R$70.56, reflecting updated assumptions for slightly stronger revenue growth, profit margins, and a modestly lower discount rate, partly offset by a lower future P/E multiple. What's in the News Suzano announced a share repurchase program authorizing the buyback of up to 40,000,000 shares over a period of up to 18 months, using available profit and capital reserves and realized profit for the year as defined in its 2025 financial statements (Key Developments).Narrative Update • Feb 20
SUZB3: Share Repurchases And Dividends Will Support Future Upside Potential
Analysts have nudged their Suzano price target slightly higher to reflect updated assumptions around a fair value of R$69.36, a lower discount rate, and modest adjustments to revenue growth, profit margin, and future P/E expectations. What's in the News Suzano S.A. announced a share repurchase program for up to 40,000,000 shares.Analysis Article • Feb 17
We Think That There Are Issues Underlying Suzano's (BVMF:SUZB3) Earnings
Suzano S.A.'s ( BVMF:SUZB3 ) stock was strong after they recently reported robust earnings. We did some analysis and...Analysis Article • Feb 13
Suzano S.A. Just Missed Earnings - But Analysts Have Updated Their Models
Shareholders of Suzano S.A. ( BVMF:SUZB3 ) will be pleased this week, given that the stock price is up 16% to R$58.25...Analysis Article • Feb 07
Does Suzano (BVMF:SUZB3) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Feb 05
SUZB3: Expanded Pulp Capacity And Upcoming Dividends Will Support Share Upside
Analysts have trimmed their price target on Suzano from US$70.21 to US$69.18, citing slightly softer assumptions around revenue growth, profit margins, and a marginally higher discount rate, partly balanced by a small upward adjustment to the future P/E multiple. What's in the News Suzano has started operations at a new fluff pulp production line at its Limeira unit in São Paulo state.Narrative Update • Jan 21
SUZB3: Expanded Pulp Capacity And Future Dividends Will Support Share Upside
Analysts now estimate Suzano's fair value at about $70.21 per share, a reduction of roughly $0.75 from the prior $70.96 estimate, reflecting updated assumptions around discount rate, revenue growth, profit margin, and future P/E. What's in the News Suzano has started operations at a new fluff pulp production line at its Limeira unit in Sao Paulo state after a BRL 490 million investment, with capacity for both Eucafluff and market pulp, and total fluff pulp capacity now described as more than four times the prior level at 100,000 tonnes per year (Key Developments).Analysis Article • Jan 20
Returns On Capital At Suzano (BVMF:SUZB3) Have Stalled
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Narrative Update • Jan 07
SUZB3: New Fluff Pulp Capacity Will Support Future Earnings Momentum
Analysts have nudged their fair value estimate for Suzano slightly lower to $70.96 from $71.99, citing modest adjustments to projected revenue growth, profit margins, and future P/E assumptions. What's in the News Suzano has started operations at a new fluff pulp production line at its Limeira unit in São Paulo state, following a BRL 490 million investment that brings total fluff pulp capacity to 440,000 tonnes per year.Narrative Update • Dec 18
SUZB3: Conservation Tech Partnership Will Drive Strong Environmental And Earnings Momentum
Analysts have modestly reduced their price target on Suzano to approximately $72 from about $73. This reflects slightly lower expected profit margins that more than offset incremental improvements in forecast revenue growth and valuation multiples.Narrative Update • Dec 04
SUZB3: Environmental Tech Partnership Will Drive Strong Momentum Into Next Year
Analysts have modestly reduced their price target on Suzano, trimming fair value by about $1.03 to roughly $72.84. This reflects slightly lower expectations for revenue growth and profit margins even as they factor in a higher future P E multiple.Narrative Update • Nov 20
SUZB3: Upcoming Board Decisions Will Drive Robust Momentum Into Next Year
Narrative Update on Suzano Analysts have slightly lowered their price target for Suzano from $74.18 to $73.86. This adjustment reflects modest changes to revenue growth, profit margin, and future earnings expectations.Analysis Article • Nov 11
Suzano S.A. Just Missed EPS By 9.4%: Here's What Analysts Think Will Happen Next
Suzano S.A. ( BVMF:SUZB3 ) shareholders are probably feeling a little disappointed, since its shares fell 3.8% to...Narrative Update • Nov 05
SUZB3: Upcoming Board Decisions Will Drive Robust Momentum Into Next Year
Narrative Update on Suzano Analysts have maintained Suzano's fair value estimate at R$74.18. They cite a stable fundamental outlook and unchanged revenue growth assumptions in their latest price target review.Analysis Article • Oct 28
Suzano (BVMF:SUZB3) Takes On Some Risk With Its Use Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Oct 22
Analysts Trim Suzano Price Target as Board Meetings Drive Valuation Adjustments
Analysts have slightly reduced their price target for Suzano from R$74.77 to R$74.18. This change reflects modest adjustments in key valuation assumptions.Narrative Update • Oct 08
Packaging US Integration And Strong Pulp Demand Will Drive Future Success
Analysts have slightly lowered their fair value estimate for Suzano. The target has been reduced from $75.64 to $74.77, reflecting updated expectations for revenue growth, profit margins, and discount rates.Analysis Article • Oct 03
The Price Is Right For Suzano S.A. (BVMF:SUZB3)
When you see that almost half of the companies in the Forestry industry in Brazil have price-to-sales ratios (or "P/S...Narrative Update • Sep 02
Packaging US Integration And Strong Pulp Demand Will Drive Future Success
Suzano’s fair value target was marginally raised as a higher future P/E offset concerns over a declining net profit margin, resulting in an increase from R$73.61 to R$74.92. What's in the News Suzano and Kimberly-Clark announced a strategic partnership to create a leading international tissue and professional products company, with Suzano holding a 51% stake and Kimberly-Clark 49%.Analysis Article • Aug 10
Suzano S.A. Just Beat EPS By 109%: Here's What Analysts Think Will Happen Next
BOVESPA:SUZB3 1 Year Share Price vs Fair Value Explore Suzano's Fair Values from the Community and select yours Suzano...Analysis Article • Aug 08
Slowing Rates Of Return At Suzano (BVMF:SUZB3) Leave Little Room For Excitement
BOVESPA:SUZB3 1 Year Share Price vs Fair Value Explore Suzano's Fair Values from the Community and select yours If...Analysis Article • Jul 14
Does Suzano (BVMF:SUZB3) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jun 22
Revenues Tell The Story For Suzano S.A. (BVMF:SUZB3)
Suzano S.A.'s ( BVMF:SUZB3 ) price-to-sales (or "P/S") ratio of 1.3x may not look like an appealing investment...
New Narrative • Nov 12
Critical Acquisitions And Improved Efficiencies Set The Stage For Impressive Earnings Growth
Strategic acquisitions and efficiency improvements at Ribas mill are expected to boost earnings and positively impact net margins.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 63,077 | 6,393 | 11,100 | 20,819 | 12 |
| 12/31/2027 | 62,461 | 7,044 | 11,672 | 21,754 | 15 |
| 12/31/2026 | 54,423 | 10,747 | 8,663 | 18,765 | 14 |
| 3/31/2026 | 49,531 | 11,373 | 4,138 | 16,635 | N/A |
| 12/31/2025 | 50,116 | 13,408 | 5,577 | 18,152 | N/A |
| 9/30/2025 | 51,179 | 6,555 | 7,517 | 18,995 | N/A |
| 6/30/2025 | 51,299 | 7,826 | 5,995 | 20,240 | N/A |
| 3/31/2025 | 49,498 | -949 | 6,598 | 21,968 | N/A |
| 12/31/2024 | 47,403 | -7,074 | 4,071 | 20,604 | N/A |
| 9/30/2024 | 43,598 | 4,177 | -252 | 18,963 | N/A |
| 6/30/2024 | 40,272 | 220 | -1,297 | 16,170 | N/A |
| 3/31/2024 | 37,938 | 9,063 | -1,884 | 16,072 | N/A |
| 12/31/2023 | 39,756 | 14,085 | -242 | 17,315 | N/A |
| 9/30/2023 | 43,754 | 17,034 | 1,491 | 18,742 | N/A |
| 6/30/2023 | 49,004 | 23,212 | 3,950 | 21,845 | N/A |
| 3/31/2023 | 51,364 | 18,314 | 5,397 | 21,345 | N/A |
| 12/31/2022 | 49,831 | 23,382 | 6,802 | 21,641 | N/A |
| 9/30/2022 | 46,931 | 18,236 | 7,379 | 20,309 | N/A |
| 6/30/2022 | 43,494 | 11,829 | 10,178 | 19,688 | N/A |
| 3/31/2022 | 41,819 | 21,688 | 11,209 | 19,180 | N/A |
| 12/31/2021 | 40,965 | 8,626 | 11,394 | 17,637 | N/A |
| 9/30/2021 | 37,508 | 12,231 | 11,457 | 17,190 | N/A |
| 6/30/2021 | 34,217 | 12,033 | 10,229 | 15,461 | N/A |
| 3/31/2021 | 32,369 | -60 | 9,708 | 14,694 | N/A |
| 12/31/2020 | 30,460 | -10,725 | 8,227 | 13,125 | N/A |
| 9/30/2020 | 29,496 | -15,471 | 6,165 | 10,139 | N/A |
| 6/30/2020 | 28,625 | -17,771 | 5,942 | 9,778 | N/A |
| 3/31/2020 | 27,295 | -15,013 | 4,402 | 8,313 | N/A |
| 12/31/2019 | 26,013 | -2,818 | N/A | 7,576 | N/A |
| 9/30/2019 | 22,193 | -2,525 | N/A | 7,822 | N/A |
| 6/30/2019 | 19,599 | 829 | N/A | 6,085 | N/A |
| 3/31/2019 | 16,148 | -1,713 | N/A | 4,994 | N/A |
| 12/31/2018 | 13,443 | 320 | N/A | 5,169 | N/A |
| 9/30/2018 | 13,416 | -771 | N/A | 4,614 | N/A |
| 6/30/2018 | 12,006 | 137 | N/A | 4,329 | N/A |
| 3/31/2018 | 11,321 | 2,176 | N/A | 3,487 | N/A |
| 12/31/2017 | 10,581 | 1,821 | N/A | 3,067 | N/A |
| 9/30/2017 | 9,833 | 996 | N/A | 3,302 | N/A |
| 6/30/2017 | 9,411 | 248 | N/A | 3,016 | N/A |
| 3/31/2017 | 9,385 | 1,003 | N/A | 2,755 | N/A |
| 12/31/2016 | 9,839 | 1,678 | N/A | 3,076 | N/A |
| 9/30/2016 | 10,094 | 2,472 | N/A | 2,970 | N/A |
| 6/30/2016 | 10,906 | 1,460 | N/A | 2,911 | N/A |
| 3/31/2016 | 10,785 | 962 | N/A | 3,008 | N/A |
| 12/31/2015 | 10,162 | -930 | N/A | 2,675 | N/A |
| 9/30/2015 | 9,692 | -1,463 | N/A | 2,237 | N/A |
| 6/30/2015 | 8,686 | -867 | N/A | 2,366 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SUZB3's earnings are forecast to decline over the next 3 years (-13% per year).
Earnings vs Market: SUZB3's earnings are forecast to decline over the next 3 years (-13% per year).
High Growth Earnings: SUZB3's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SUZB3's revenue (9% per year) is forecast to grow faster than the BR market (7% per year).
High Growth Revenue: SUZB3's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SUZB3's Return on Equity is forecast to be low in 3 years time (14.2%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 20:40 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Suzano S.A. is covered by 23 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pedro Grimaldi | Barclays |
| Mary Cleia da Silva | BB Banco de Investimento S.A. |
| Caio Ribeiro | BofA Global Research |