Klabin S.A. vs UPM-Kymmene Oyj: Fair Value & Quality
Both stocks run through our valuation models. Here is how Klabin S.A. (KLBN11) and UPM-Kymmene Oyj (UPM) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees UPM-Kymmene Oyj as the less overvalued of the two: Klabin S.A. trades at BRL 17.51 versus a fair value of BRL 3.80 (-78%), while UPM-Kymmene Oyj trades at €23.08 versus €19.43 (-16%).
Klabin S.A.
KLBN11.SA · BRL · Materials
-78%
upside to fair value
overvalued
PriceBRL 17.51
Fair ValueBRL 3.80
Quality51/100
UPM-Kymmene Oyj
UPM.HE · EUR · Materials
-16%
upside to fair value
overvalued
Price€23.08
Fair Value€19.43
Quality60/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Klabin S.A.UPM-Kymmene Oyj
Valuation
26.6×P/E (TTM)23.0×
1.16×P/S (TTM)1.50×
3.05×P/B1.43×
7.2×EV/EBITDA14.3×
—PEG12.89×
9.5%Dividend yield6.4%
BRL 1.65Dividend per share€1.50
Profitability
2%Net margin6%
6%Operating margin10%
5%Return on equity5%
2%Return on assets2%
Growth
2%Revenue growth (YoY)-5%
1.1%Avg. growth/yr (3Y)-6.3%
11.6%Avg. growth/yr (5Y)2.4%
Balance & size
4.43×Debt / equity0.28×
$24BMarket cap$14B
healthyGrowth qualitymixed
Klabin S.A. leads: 8 to 5 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Klabin S.A.of which business quality 51 · market factors 53UPM-Kymmene Oyjof which business quality 58 · market factors 50
ProfitabilityMargins and returns on capital today
34
26
Quality GrowthAre margins and returns improving?
61
38
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
61
96
Low VolatilityCalm price path (market factor)
94
90
MomentumPrice trend over the last 3–12 months (market factor)
39
31
52W MomentumDistance to the 52-week high (market factor)
32
36
Net IssuanceBuybacks instead of dilution
58
88
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Klabin S.A.
DCF ModelsBRL 6.86
Earnings-BasedBRL 2.63
Dividend DiscountBRL 2.75
MultiplesBRL 3.89
Asset-BasedBRL 0.86
Growth DCFBRL 6.19
Economic ProfitBRL 2.69
Growth EarningsBRL 3.80
26 of 26 models see the stock below the current price.
UPM-Kymmene Oyj
DCF Models€14.17
Earnings-Based€4.21
Dividend Discount€16.20
Multiples€15.45
Asset-Based€12.71
Growth DCF€16.37
Economic Profit€7.88
Growth Earnings€11.81
24 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Klabin S.A.
Bear BRL 2.11Fair Value BRL 3.80Bull BRL 4.86
BRL 17.51 = current price (white tick)
UPM-Kymmene Oyj
Bear €14.58Fair Value €19.43Bull €25.27
€23.08 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Klabin S.A. · Materials
Quality score51 · above median
Fair value upside-78% · bottom 25%
UPM-Kymmene Oyj · Materials
Quality score60 · Top 25%
Fair value upside-16% · above median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees UPM-Kymmene Oyj as the less overvalued of the two: Klabin S.A. trades at BRL 17.51 versus a fair value of BRL 3.80 (-78%), while UPM-Kymmene Oyj trades at €23.08 versus €19.43 (-16%).
UPM-Kymmene Oyj has the higher quality score (60/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
