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Fibria Celulose

NYSE:FBR
Snowflake Description

Proven track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FBR
NYSE
R$37B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Fibria Celulose S.A. produces, sells, and exports short fiber pulp in Brazil and internationally. The last earnings update was 73 days ago. More info.


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FBR Share Price and Events
7 Day Returns
-1.2%
NYSE:FBR
2.2%
US Forestry
-1.5%
US Market
1 Year Returns
16.5%
NYSE:FBR
-20.9%
US Forestry
-12.1%
US Market
FBR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fibria Celulose (FBR) -1.2% -2.2% -8.9% 16.5% 47% 48.7%
US Forestry 2.2% -8.4% -23.3% -20.9% 9.5% -14.4%
US Market -1.5% -9.6% -15.6% -12.1% 26.7% 26.3%
1 Year Return vs Industry and Market
  • FBR outperformed the Forestry industry which returned -20.9% over the past year.
  • FBR outperformed the Market in United States of America which returned -12.1% over the past year.
Price Volatility
FBR
Industry
5yr Volatility vs Market

Value

 Is Fibria Celulose undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fibria Celulose to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fibria Celulose.

NYSE:FBR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:FBR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.488 (1 + (1- 34%) (58.21%))
2.06
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (2 * 7.05%)
17.05%

Discounted Cash Flow Calculation for NYSE:FBR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fibria Celulose is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:FBR DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (BRL, Millions) 6,308.67 6,610.50 7,731.13 9,041.73 10,488.41
Source Analyst x3 Analyst x2 Est @ 16.95% Est @ 16.95% Est @ 16%, capped from 16.95%
Present Value
Discounted (@ 17.05%)
5,389.72 4,824.94 4,820.91 4,816.88 4,773.67
Present value of next 5 years cash flows R$24,626.12
NYSE:FBR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= R$10,488.41 × (1 + 2.95%) ÷ (17.05% – 2.95%)
R$76,580.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= R$76,580.27 ÷ (1 + 17.05%)5
R$34,854.58
NYSE:FBR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= R$24,626.12 + R$34,854.58
R$59,480.69
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$59,480.69 / 553.20
R$27.59
NYSE:FBR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NYSE:FBR represents 0.25656x of BOVESPA:FIBR3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.25656x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 107.52 x 0.25656
$27.59
Value per share (USD) From above. $27.59
Current discount Discount to share price of $17.01
= -1 x ($17.01 - $27.59) / $27.59
38.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fibria Celulose is available for.
Intrinsic value
38%
Share price is $17.01 vs Future cash flow value of $27.59
Current Discount Checks
For Fibria Celulose to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fibria Celulose's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fibria Celulose's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fibria Celulose's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fibria Celulose's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FBR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in BRL R$3.27
BOVESPA:FIBR3 Share Price ** BOVESPA (2019-01-03) in BRL R$66.3
United States of America Forestry Industry PE Ratio Median Figure of 12 Publicly-Listed Forestry Companies 7.25x
United States of America Market PE Ratio Median Figure of 3,016 Publicly-Listed Companies 16.13x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fibria Celulose.

NYSE:FBR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:FIBR3 Share Price ÷ EPS (both in BRL)

= 66.3 ÷ 3.27

20.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fibria Celulose is overvalued based on earnings compared to the US Forestry industry average.
  • Fibria Celulose is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fibria Celulose's expected growth come at a high price?
Raw Data
NYSE:FBR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
22.6%per year
United States of America Forestry Industry PEG Ratio Median Figure of 10 Publicly-Listed Forestry Companies 0.43x
United States of America Market PEG Ratio Median Figure of 2,102 Publicly-Listed Companies 1.13x

*Line of best fit is calculated by linear regression .

NYSE:FBR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.31x ÷ 22.6%

0.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fibria Celulose is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Fibria Celulose's assets?
Raw Data
NYSE:FBR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in BRL R$29.17
BOVESPA:FIBR3 Share Price * BOVESPA (2019-01-03) in BRL R$66.3
United States of America Forestry Industry PB Ratio Median Figure of 15 Publicly-Listed Forestry Companies 0.92x
United States of America Market PB Ratio Median Figure of 5,083 Publicly-Listed Companies 1.64x
NYSE:FBR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:FIBR3 Share Price ÷ Book Value per Share (both in BRL)

= 66.3 ÷ 29.17

2.27x

* Primary Listing of Fibria Celulose.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fibria Celulose is overvalued based on assets compared to the US Forestry industry average.
X
Value checks
We assess Fibria Celulose's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Fibria Celulose has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Fibria Celulose expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fibria Celulose expected to grow at an attractive rate?
  • Fibria Celulose's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Fibria Celulose's earnings growth is expected to exceed the United States of America market average.
  • Fibria Celulose's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FBR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FBR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 22.6%
NYSE:FBR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.4%
United States of America Forestry Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
United States of America Forestry Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FBR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FBR Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 19,788 8,175 1
2021-12-31 20,287 7,853 1
2020-12-31 20,647 7,953 6,816 8
2019-12-31 19,970 7,743 5,872 9
2018-12-31 19,876 6,727 3,967 6
NYSE:FBR Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2018-09-30 18,298 6,429 1,806
2018-06-30 15,306 5,252 1,422
2018-03-31 13,358 3,677 1,372
2017-12-31 11,739 4,106 1,085
2017-09-30 10,226 3,676 715
2017-06-30 9,683 3,565 1
2017-03-31 9,294 3,679 1,006
2016-12-31 9,615 3,924 1,655
2016-09-30 10,066 4,282 2,653
2016-06-30 10,555 4,861 2,018
2016-03-31 10,478 4,883 1,887
2015-12-31 10,081 4,479 342

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fibria Celulose's earnings are expected to grow significantly at over 20% yearly.
  • Fibria Celulose's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:FBR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Fibria Celulose Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FBR Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 11.76 12.75 10.60 3.00
2019-12-31 10.54 12.08 8.83 4.00
2018-12-31 6.63 7.30 6.27 3.00
NYSE:FBR Past Financials Data
Date (Data in BRL Millions) EPS *
2018-09-30 3.27
2018-06-30 2.57
2018-03-31 2.48
2017-12-31 1.96
2017-09-30 1.29
2017-06-30 0.00
2017-03-31 1.82
2016-12-31 2.99
2016-09-30 4.79
2016-06-30 3.65
2016-03-31 3.41
2015-12-31 0.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fibria Celulose is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Fibria Celulose's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fibria Celulose has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fibria Celulose performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fibria Celulose's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fibria Celulose has delivered over 20% year on year earnings growth in the past 5 years.
  • Fibria Celulose's 1-year earnings growth exceeds its 5-year average (152.7% vs 46.5%)
  • Fibria Celulose's earnings growth has exceeded the US Forestry industry average in the past year (152.7% vs 117.2%).
Earnings and Revenue History
Fibria Celulose's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fibria Celulose Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FBR Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 18,298.38 1,806.38 1,173.48
2018-06-30 15,305.93 1,421.56 1,039.42
2018-03-31 13,358.30 1,371.85 923.63
2017-12-31 11,739.15 1,085.27 829.07
2017-09-30 10,226.32 714.70 755.90
2017-06-30 9,682.53 1.04 742.18
2017-03-31 9,294.08 1,006.23 732.35
2016-12-31 9,614.82 1,654.85 742.73
2016-09-30 10,065.63 2,652.57 739.87
2016-06-30 10,555.45 2,018.26 742.07
2016-03-31 10,478.36 1,886.81 726.30
2015-12-31 10,080.67 342.19 713.12
2015-09-30 9,097.11 -692.80 697.87
2015-06-30 8,053.81 -448.79 670.27
2015-03-31 7,438.34 -430.85 645.88
2014-12-31 7,083.60 155.58 631.62
2014-09-30 7,040.29 98.10 626.77
2014-06-30 7,134.99 514.22 634.93
2014-03-31 7,110.32 -711.21 652.84
2013-12-31 6,917.41 -706.42 631.33
2013-09-30 6,813.04 -472.59 610.34
2013-06-30 6,528.19 -741.62 598.96
2013-03-31 6,350.08 -671.71 581.82
2012-12-31 6,174.37 -704.71 579.43
2012-09-30 5,719.64 -1,111.09 601.34
2012-06-30 5,612.87 -2,011.49 586.22
2012-03-31 5,580.33 -1,270.66 593.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fibria Celulose has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fibria Celulose used its assets less efficiently than the US Forestry industry average last year based on Return on Assets.
  • Fibria Celulose has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fibria Celulose's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fibria Celulose has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fibria Celulose's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fibria Celulose's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fibria Celulose is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fibria Celulose's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fibria Celulose's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fibria Celulose Company Filings, last reported 3 months ago.

NYSE:FBR Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 16,211.80 21,350.70 6,052.71
2018-06-30 15,077.52 21,022.61 4,332.79
2018-03-31 15,275.12 18,921.85 3,974.50
2017-12-31 14,649.93 19,397.18 6,050.14
2017-09-30 14,615.54 19,050.61 6,318.94
2017-06-30 13,873.69 18,788.09 5,972.06
2017-03-31 14,144.60 18,328.56 6,562.48
2016-12-31 13,817.68 16,152.51 4,693.23
2016-09-30 14,329.48 14,192.34 3,505.71
2016-06-30 14,295.89 12,704.70 2,920.73
2016-03-31 13,774.94 11,498.40 1,608.37
2015-12-31 12,815.32 12,743.83 2,489.52
2015-09-30 13,981.89 12,526.26 3,877.85
2015-06-30 14,563.41 9,015.31 1,385.90
2015-03-31 14,059.30 9,352.42 1,231.11
2014-12-31 14,615.71 8,326.52 654.20
2014-09-30 14,782.27 8,574.26 1,197.21
2014-06-30 15,141.66 8,456.75 1,991.21
2014-03-31 14,510.66 8,444.65 1,759.71
2013-12-31 14,491.25 9,773.10 2,098.85
2013-09-30 14,661.23 9,486.61 1,398.92
2013-06-30 14,603.77 9,936.22 2,090.08
2013-03-31 15,194.66 9,901.72 2,591.17
2012-12-31 15,170.81 10,767.96 3,295.84
2012-09-30 15,146.25 10,955.04 2,151.94
2012-06-30 15,358.43 11,881.99 3,293.64
2012-03-31 14,529.79 11,031.33 2,180.81
  • Fibria Celulose's level of debt (131.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (64.7% vs 131.7% today).
  • Debt is well covered by operating cash flow (30.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
X
Financial health checks
We assess Fibria Celulose's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fibria Celulose has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Fibria Celulose's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.7%
Current annual income from Fibria Celulose dividends. Estimated to be 2.9% next year.
If you bought $2,000 of Fibria Celulose shares you are expected to receive $14 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fibria Celulose's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.54%).
  • Fibria Celulose's dividend is below the markets top 25% of dividend payers in United States of America (3.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FBR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Forestry Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1984 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FBR Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 2.23 4.00
2019-12-31 1.62 4.00
2018-12-31 0.47 1.00
NYSE:FBR Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2018-04-30 0.466 0.644
2017-04-28 0.710 1.602
2016-01-27 0.542 1.972
2012-10-29 0.000 0.000
2012-07-26 0.000 0.000
2012-05-14 0.000 0.000
2012-02-03 0.000 0.000
2011-04-29 0.304 1.864
2011-04-19 0.304 1.225
2011-02-16 0.304 1.224
2010-02-26 0.260 0.882
2010-01-05 0.000 0.000
2009-11-17 0.000 0.000
2009-08-12 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fibria Celulose is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Fibria Celulose is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Fibria Celulose's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Fibria Celulose's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
X
Income/ dividend checks
We assess Fibria Celulose's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fibria Celulose afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fibria Celulose has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fibria Celulose's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marcelo Strufaldi Castelli
AGE 54
TENURE AS CEO 7.5 years
CEO Bio

Mr. Marcelo Strufaldi Castelli serves as the Chief executive Officer at Piracicaba Industria de Papeis Especiais e Participacoes Ltda. Mr. Castelli has been the Chief Executive Officer of Fibria Celulose SA since July 1, 2011 and has been its Member of Board of Executive Officers since 2006 and serves as its President. Mr. Castelli served as the Chief Operating Officer of Fibria Celulose SA and also served as its Executive Officer of Paper, Planning, Procurement and Forestry Operations and Technology since August 28, 2009 and as Supply Chain and Strategy Officer. Mr. Castelli joined Votorantim Celulose e Papel S.A. in 1997 as Mechanical Engineer, when he held positions as Recovery, Utilities & Environment Manager, General Manager of Jacareí mill and Associate Director of Operations. Prior to that he worked for Suzano Bahia Sul and Aracruz Celulose. Mr. Castelli joined Fibria Celulose SA in 1997 and held various positions, including recovery, utilities and environment manager, general manager of the Jacareí mill and Associate Director of Operations. Previously, Mr. Castelli worked at Suzano, Bahia Sul and Aracruz. Mr. Castelli holds a bachelor's degree in Mechanical Engineering from Universidade de Mogi das Cruzes and a degree in Business Administration from Faculdades Associadas de São Paulo (FASP). Mr. Castelli also attended courses at IMD in Switzerland and holds a Master of Business Administration degree from Fundação Dom Cabral (FDC).

CEO Compensation
  • Insufficient data for Marcelo to compare compensation growth.
  • Insufficient data for Marcelo to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Fibria Celulose management team in years:

7.4
Average Tenure
54
Average Age
  • The average tenure for the Fibria Celulose management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Marcelo Strufaldi Castelli

TITLE
CEO, President & Member of Board of Executive Officers
AGE
54
TENURE
7.5 yrs

Guilherme Cavalcanti

TITLE
CFO, Investor Relations Officer & Member of Board of Executive Officers
AGE
50
TENURE
6.9 yrs

Aires Galhardo

TITLE
COO & Member of Board of Executive Officers
AGE
41
TENURE
7.6 yrs

Wellington Angelo Giacomin

TITLE
Chief Procurement
AGE
54

Maria Luiza de Oliveira Pinto Paiva

TITLE
Chief Sustainability
AGE
54

Luiz Fernando Pinto

TITLE
Chief Human & Organizational Development Officer
AGE
65
TENURE
7.3 yrs

Claudia Elisete Rockenbach Leal

TITLE
Secretary

Ari Borg

TITLE
General Manager of Pulp Sales

Andr Goncalves

TITLE
General Manager of Controllership Department
TENURE
14 yrs

Henri Van Keer

TITLE
Executive Director of Commercial & International Logistics
AGE
51
TENURE
6.7 yrs
Board of Directors Tenure

Average tenure and age of the Fibria Celulose board of directors in years:

6
Average Tenure
66.5
Average Age
  • The tenure for the Fibria Celulose board of directors is about average.
Board of Directors

José Duarte Penido

TITLE
Chairman of the Board
AGE
70
TENURE
9.2 yrs

João de Miranda

TITLE
Vice Chairman of the Board
AGE
55
TENURE
9.2 yrs

Carlos Lira Aguiar

TITLE
Director
AGE
72
TENURE
7 yrs

Alexandre Silva

TITLE
Independent Director
AGE
73
TENURE
9.1 yrs

Sergio Malacrida Junior

TITLE
Chairman of Finance Committee
AGE
44
TENURE
4.8 yrs

Julio Sergio de Cardozo

TITLE
Member of Statutory Audit Committee
AGE
73
TENURE
5 yrs

Raul Calfat

TITLE
Director
AGE
65
TENURE
9.1 yrs

Marcos Pinto

TITLE
Independent Director
AGE
40
TENURE
4.8 yrs

Joao Henrique de Souza Schmidt

TITLE
Director
AGE
39
TENURE
4.3 yrs

Ernesto Lozardo

TITLE
Director
AGE
68
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Fibria Celulose's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fibria Celulose has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Company Info

Map
Description

Fibria Celulose S.A. produces, sells, and exports short fiber pulp in Brazil and internationally. It manufactures and sells bleached eucalyptus kraft pulp. The company has approximately 1,056,000 hectares of forest base in the states of São Paulo, Minas Gerais, Rio de Janeiro, Espírito Santo, Mato Grosso do Sul, and Bahia. It also exports its products to approximately 35 countries for educational, health, hygiene, and cleaning products. The company was formerly known as Votorantim Celulose e Papel S.A. and changed its name to Fibria Celulose S.A. in November 2009. Fibria Celulose S.A. was founded in 1988 and is headquartered in São Paulo, Brazil.

Details
Name: Fibria Celulose S.A.
FBR
Exchange: NYSE
Founded: 1988
R$9,837,521,410
553,201,072
Website: http://www.fibria.com.br
Address: Fibria Celulose S.A.
Fidencio Ramos, 302,
Torre B,
Sao Paulo,
São Paulo, 04551-010,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA FIBR3 Common Stock Bolsa de Valores de Sao Paulo BR BRL 12. Aug 2009
NYSE FBR SPON ADR REP 1 COM NPV New York Stock Exchange US USD 02. Oct 1995
DB VCLC SPON ADR REP 1 COM NPV Deutsche Boerse AG DE EUR 02. Oct 1995
BMV FBR N SPON ADR REP 1 COM NPV Bolsa Mexicana de Valores MX MXN 02. Oct 1995
Number of employees
Current staff
Staff numbers
0
Fibria Celulose employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/05 00:17
End of day share price update: 2019/01/03 00:00
Last estimates confirmation: 2019/01/03
Last earnings filing: 2018/10/24
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.