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Klabin

OTCPK:KLBA.Y
Snowflake Description

Second-rate dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KLBA.Y
OTCPK
R$19B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Klabin S.A., together with its subsidiaries, operates in the paper and pulp industry in Brazil. The last earnings update was 70 days ago. More info.


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KLBA.Y Share Price and Events
7 Day Returns
0%
OTCPK:KLBA.Y
-0.3%
US Packaging
0.8%
US Market
1 Year Returns
-27.5%
OTCPK:KLBA.Y
-3.8%
US Packaging
5.9%
US Market
KLBA.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Klabin (KLBA.Y) 0% -10.7% -13.5% -27.5% -11.5% -16.6%
US Packaging -0.3% 2.1% 11.1% -3.8% 24.1% 28%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • KLBA.Y underperformed the Packaging industry which returned -3.8% over the past year.
  • KLBA.Y underperformed the Market in United States of America which returned 5.9% over the past year.
Price Volatility
KLBA.Y
Industry
5yr Volatility vs Market

KLBA.Y Value

 Is Klabin 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 Klabin 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 Klabin.

OTCPK:KLBA.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:KLBA.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.899 (1 + (1- 34%) (104.05%))
1.346
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.346 * 5.96%)
10.75%

Discounted Cash Flow Calculation for OTCPK:KLBA.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Klabin is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:KLBA.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 10.75%)
2019 1,838.50 Analyst x2 1,660.01
2020 2,002.00 Analyst x2 1,632.15
2021 2,077.50 Analyst x2 1,529.27
2022 2,148.38 Est @ 3.41% 1,427.92
2023 2,217.28 Est @ 3.21% 1,330.64
2024 2,285.22 Est @ 3.06% 1,238.27
2025 2,352.95 Est @ 2.96% 1,151.19
2026 2,421.04 Est @ 2.89% 1,069.51
2027 2,489.91 Est @ 2.84% 993.15
2028 2,559.88 Est @ 2.81% 921.93
Present value of next 10 years cash flows R$12,954.04
OTCPK:KLBA.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= R$2,559.88 × (1 + 2.73%) ÷ (10.75% – 2.73%)
R$32,781.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$32,781.35 ÷ (1 + 10.75%)10
R$11,806.09
OTCPK:KLBA.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$12,954.04 + R$11,806.09
R$24,760.14
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$24,760.14 / 5,263.21
R$4.7
OTCPK:KLBA.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KLBA.Y represents 2.79595x of BOVESPA:KLBN4
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
2.79595x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 4.70 x 2.79595
$13.15
Value per share (USD) From above. $13.15
Current discount Discount to share price of $8.36
= -1 x ($8.36 - $13.15) / $13.15
36.4%

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

Current Discount
Amount off the current price Klabin is available for.
Intrinsic value
36%
Share price is $8.36 vs Future cash flow value of $13.15
Current Discount Checks
For Klabin to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Klabin's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Klabin'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 Klabin's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Klabin's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KLBA.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in BRL R$0.03
BOVESPA:KLBN4 Share Price ** BOVESPA (2019-04-11) in BRL R$2.99
United States of America Packaging Industry PE Ratio Median Figure of 15 Publicly-Listed Packaging Companies 18.23x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

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

** Primary Listing of Klabin.

OTCPK:KLBA.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:KLBN4 Share Price ÷ EPS (both in BRL)

= 2.99 ÷ 0.03

114.48x

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

  • Klabin is overvalued based on earnings compared to the US Packaging industry average.
  • Klabin is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Klabin's expected growth come at a high price?
Raw Data
OTCPK:KLBA.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 114.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
15.4%per year
United States of America Packaging Industry PEG Ratio Median Figure of 15 Publicly-Listed Packaging Companies 1.95x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:KLBA.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 114.48x ÷ 15.4%

7.44x

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

  • Klabin is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Klabin's assets?
Raw Data
OTCPK:KLBA.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in BRL R$1.20
BOVESPA:KLBN4 Share Price * BOVESPA (2019-04-11) in BRL R$2.99
United States of America Packaging Industry PB Ratio Median Figure of 19 Publicly-Listed Packaging Companies 3.8x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
OTCPK:KLBA.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:KLBN4 Share Price ÷ Book Value per Share (both in BRL)

= 2.99 ÷ 1.20

2.5x

* Primary Listing of Klabin.

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

  • Klabin is good value based on assets compared to the US Packaging industry average.
X
Value checks
We assess Klabin'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 Packaging 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 Packaging industry average (and greater than 0)? (1 check)
  5. Klabin 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.

KLBA.Y Future Performance

 How is Klabin expected to perform in the next 1 to 3 years based on estimates from 11 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
15.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Klabin expected to grow at an attractive rate?
  • Klabin's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Klabin's earnings growth is expected to exceed the United States of America market average.
  • Klabin's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KLBA.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KLBA.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 15.4%
OTCPK:KLBA.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.7%
United States of America Packaging Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Packaging Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:KLBA.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KLBA.Y Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 12,408 2,037 1
2022-12-31 11,186 1,649 2
2021-12-31 11,394 4,297 1,677 6
2020-12-31 11,011 3,409 1,589 11
2019-12-31 10,609 3,136 2,092 11
OTCPK:KLBA.Y Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2018-12-31 10,016 2,787 137
2018-09-30 9,529 2,461 -809
2018-06-30 8,947 2,032 -522
2018-03-31 8,696 1,697 55
2017-12-31 8,373 1,793 532
2017-09-30 8,039 1,788 724
2017-06-30 7,780 2,077 365
2017-03-31 7,494 1,637 2,010
2016-12-31 7,091 1,203 2,482
2016-09-30 6,722 1,315 2,894
2016-06-30 6,203 1,295 1,521
2016-03-31 5,843 1,481 549

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Klabin's earnings are expected to grow by 15.4% yearly, however this is not considered high growth (20% yearly).
  • Klabin's revenue is expected to grow by 3.7% 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
OTCPK:KLBA.Y 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 11 Analyst Estimates (S&P Global) See Below

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

OTCPK:KLBA.Y Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
OTCPK:KLBA.Y Past Financials Data
Date (Data in BRL Millions) EPS *
2018-12-31 0.03
2018-09-30 -0.15
2018-06-30 -0.10
2018-03-31 0.01
2017-12-31 0.10
2017-09-30 0.14
2017-06-30 0.07
2017-03-31 0.38
2016-12-31 0.47
2016-09-30 0.55
2016-06-30 0.29
2016-03-31 0.11

*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.
  • Klabin is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Klabin'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.
Klabin has a total score of 2/6, 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.

KLBA.Y Past Performance

  How has Klabin 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 Klabin's growth in the last year to its industry (Packaging).
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.
  • Klabin's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Klabin's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Klabin's 1-year earnings growth is negative, it can't be compared to the US Packaging industry average.
Earnings and Revenue History
Klabin'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 Klabin Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KLBA.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 10,016.46 137.46 1,322.55
2018-09-30 9,529.05 -809.05 1,266.98
2018-06-30 8,946.82 -522.25 1,218.14
2018-03-31 8,695.84 54.80 1,202.06
2017-12-31 8,373.38 532.17 1,185.24
2017-09-30 8,039.33 723.92 1,163.45
2017-06-30 7,779.58 364.75 1,177.83
2017-03-31 7,494.01 2,010.46 1,127.71
2016-12-31 7,090.80 2,481.95 1,052.57
2016-09-30 6,722.46 2,893.69 977.26
2016-06-30 6,203.31 1,521.41 852.88
2016-03-31 5,842.62 548.88 802.79
2015-12-31 5,687.59 -1,253.20 766.92
2015-09-30 5,349.19 -1,901.17 723.22
2015-06-30 5,185.70 -553.33 704.56
2015-03-31 4,998.86 -605.41 676.39
2014-12-31 4,893.88 730.33 678.08
2014-09-30 4,872.99 879.22 672.50
2014-06-30 4,793.70 1,069.06 670.27
2014-03-31 4,736.40 695.72 663.60
2013-12-31 4,599.34 290.10 643.16
2013-09-30 4,441.48 415.09 629.33
2013-06-30 4,324.33 549.08 620.19
2013-03-31 4,260.83 495.00 629.47
2012-12-31 4,163.67 751.97 618.49
2012-09-30 4,079.38 727.88 613.99
2012-06-30 3,984.24 153.99 598.66

*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.
  • Klabin has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Klabin used its assets less efficiently than the US Packaging industry average last year based on Return on Assets.
  • Klabin has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Klabin'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 Packaging 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.
Klabin has a total score of 1/6, 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.

KLBA.Y Health

 How is Klabin'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 Klabin's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Klabin is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Klabin's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Klabin'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 0.6x 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 Klabin Company Filings, last reported 3 months ago.

OTCPK:KLBA.Y Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,533.23 19,445.67 7,047.20
2018-09-30 6,019.92 20,140.96 7,324.72
2018-06-30 6,092.67 19,491.59 6,895.47
2018-03-31 7,201.13 17,697.94 6,590.28
2017-12-31 7,234.15 19,549.41 8,271.60
2017-09-30 7,497.40 18,847.94 7,700.89
2017-06-30 7,128.94 18,702.45 6,954.30
2017-03-31 7,682.11 18,637.43 7,258.58
2016-12-31 7,100.34 18,468.55 6,464.02
2016-09-30 7,329.34 17,367.61 5,894.51
2016-06-30 7,421.20 17,192.79 5,810.46
2016-03-31 6,281.51 17,888.68 5,879.92
2015-12-31 5,352.34 18,021.73 5,610.87
2015-09-30 4,991.74 17,524.35 5,909.61
2015-06-30 6,510.96 13,383.90 5,239.84
2015-03-31 6,232.95 13,015.53 5,575.08
2014-12-31 7,058.32 10,985.57 5,743.44
2014-09-30 7,290.93 10,322.73 6,295.30
2014-06-30 7,434.76 8,346.44 5,522.38
2014-03-31 7,165.50 7,581.23 4,870.47
2013-12-31 5,392.67 6,963.60 2,979.38
2013-09-30 5,466.33 6,012.71 2,418.05
2013-06-30 5,411.76 6,094.02 2,656.90
2013-03-31 5,617.61 5,886.05 2,750.06
2012-12-31 5,420.92 6,035.10 2,757.39
2012-09-30 5,359.48 6,240.47 3,150.59
2012-06-30 5,025.97 6,325.76 3,311.99
  • Klabin's level of debt (297.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (128.8% vs 297.6% today).
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Klabin'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. Klabin has a total score of 1/6, 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.

KLBA.Y Dividends

 What is Klabin'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
5.84%
Current annual income from Klabin dividends.
If you bought $2,000 of Klabin shares you are expected to receive $117 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?
  • Klabin's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Klabin's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Upcoming dividend payment

Purchase Klabin before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
OTCPK:KLBA.Y 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 11 Analyst Estimates (S&P Global) See Below
United States of America Packaging Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:KLBA.Y Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
OTCPK:KLBA.Y Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2019-02-07 0.175 5.644
2018-02-01 0.104 3.265
2017-02-01 0.157 5.270
2016-07-26 0.094 3.492
2016-04-28 0.089 3.504
2016-02-03 0.086 2.694
2015-02-11 0.075 1.989
2014-02-12 0.072 3.030
2013-02-22 0.063 2.588
2012-04-30 0.051 2.455
2011-02-24 0.044 3.420
2010-11-11 0.032 2.937
2010-02-26 0.041 4.102
2010-02-25 0.041 4.294
2009-08-11 0.043 4.738
2009-05-05 0.030 4.728
2009-04-20 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Klabin's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Klabin's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Klabin afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Klabin has a total score of 3/6, see the detailed checks below.


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

KLBA.Y Management

 What is the CEO of Klabin'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
Cristiano Teixeira
TENURE AS CEO 1.9 years
CEO Bio

Mr. Cristiano Cardoso Teixeira has been Chief Executive Officer of Klabin S.A. since May 3, 2017 and serves as it Member of Executive Board. Mr. Teixeira has been Chief Financial and Investor Relations Officer of Klabin S.A. since March 2019. Mr. Teixeira was Chief Financial Officer and Investor Relations Officer of Klabin S.A. since February 2018. He served as Executive Officer of Klabin S.A. since September 27, 2016 until May 3, 2017. Mr. Teixeira served as Corrugated Boxes, Kraftliner, Sack Kraft & Recycled Paper Commercial Officer at Klabin S.A. since September 27, 2015. Mr. Teixeira served as Supply Chain Officer, Member of Executive Board and Executive Director at Klabin S.A. He joined Klabin in June 2011 in the areas of Procurement, Logistics and Materials of the Company. He has 20 years of experience in the supply chain area, working in many industries such as Pulp and Paper, Forestry, Industrialized Wood, Metals, Ceramics and Oil & Gas. He worked from 1990 to 1994 at Ripasa Papel e Celulose in the export area at Duratex from 1996 to 2009 in several positions until logistics management and at San Antonio International from 2009 until 2011 as supply chain director. Mr. Teixeira Bachelor's degree in Foreign Trade from Paulista University, MBA in Foreign Trade from the Management Institute Foundation of the University of Sao Paulo. He holds Master degree in Logistics from the France School of Business.

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

Cristiano Teixeira

TITLE
CEO. Chief Financial & Investor Relations Officer and Member of Executive Board
TENURE
1.9 yrs

Francisco Razzolini

TITLE
Industrial Technology

Arthur Canhisares

TITLE
Industrial Paper Director & Member of Executive Board

Fábio Medeiros

TITLE
Legal & Integrity Director
TENURE
1.8 yrs

Sergio de Toledo Piza

TITLE
People & Corporate Services Director
AGE
54
Board of Directors

Horacio Piva

TITLE
President of the Board
AGE
58

Armando Klabin

TITLE
Director

Daniel Klabin

TITLE
Director

Israel Klabin

TITLE
Director

Roberto Klabin

TITLE
Independent Director

Vera Lafer

TITLE
Director

Celso Lafer

TITLE
Independent Director
TENURE
14.3 yrs

Paulo Sérgio Coutinho Filho

TITLE
Director

Roberto Martins Xavier

TITLE
Director

Sergio Francisco de Carvalho Guimarães

TITLE
Independent Director
TENURE
14.1 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 Klabin'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. Klabin 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.

KLBA.Y News

Simply Wall St News

KLBA.Y Company Info

Description

Klabin S.A., together with its subsidiaries, operates in the paper and pulp industry in Brazil. It operates through Forestry, Paper, Conversion, and Pulp segments. The Forestry segment plants and grows pine and eucalyptus trees; and sells timber to third parties. The Paper segment produces and sells cardboard, kraftliner, and recycled paper rolls. The Conversion segment is involved in the production and sale of corrugated cardboard boxes, corrugated cardboards, and industrial sacks. The Pulp segment produces and sells short fiber bleached pulp, long fiber bleached pulp, and fluff pulp. The company also manufactures phytotherapic products; provides finance and reforestation services; and operates hotels. In addition, it exports its products. The company was founded in 1899 and is headquartered in São Paulo, Brazil.

Details
Name: Klabin S.A.
KLBA.Y
Exchange: OTCPK
Founded: 1899
R$4,750,015,424
5,263,208,410
Website: http://www.klabin.com.br
Address: Klabin S.A.
Avenida Brigadeiro Faria Lima, 3600,
3rd, 4th and 5th Floors,
São Paulo,
São Paulo, 04538-132,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA KLBN4 Preferred Shares Bolsa de Valores de Sao Paulo BR BRL 29. Oct 2001
OTCPK KLBA.Y SPON ADR RP 2 UT Pink Sheets LLC US USD 05. Jan 1995
BOVESPA KLBN3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 11. Jan 2002
BOVESPA KLBN11 Units Bolsa de Valores de Sao Paulo BR BRL 10. Jan 2014
Number of employees
Current staff
Staff numbers
0
Klabin employees.
Industry
Paper Packaging
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:46
End of day share price update: 2019/04/11 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.