Klabin S.A. (KLBN11) fair value: what the stock is really worth
We calculate from audited financials what Klabin S.A. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
A solid business, but trading 415% above our fair value of R$3.80.
As of Sep 8, 2026, the fair value of Klabin S.A. is R$3.80 per share against a price of R$19.57, so the fair value sits 81% below the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +11.6 %/yr)
!Thin margins · 2.3% net margin
!High debt · generates free cash flow
·8.45% dividend yield
!Mixed vs. peers (8/14)
!Narrow moat 33/100
!Evidence only low, so the estimate is less certain
!Weak on future: 9 out of 100
!Weak on past: 22 out of 100
Evidence: LowRange R$2.11 to R$4.86
Fair value as of: Sep 8, 2026
From 26 valuation models · updated 3 days ago
Share price +11.5% over the past month.
This is the short version. In the app for Klabin S.A.:
Watch Klabin S.A. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case (R$4.86). The favourable scenario is already priced in.
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
A fairly wide model range (R$2.11 to R$4.86) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 8, 2026.
How to read this chart
60‑month range R$11.84 – R$21.02 · fair‑value band R$2.11 – R$4.86 · the R$19.57 price screens above the R$3.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 8, 2026.
Klabin S.A. (KLBN11) currently trades at R$19.57, while our model-based Fair Value estimate is R$3.80, implying the stock looks roughly 414.9% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of R$4.48 per share, and 0 of the 26 models we run sit above the R$19.57 price. Bear case: the Asset-Based group reads lowest at R$0.8600, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Klabin S.A. generated revenue of R$20.8B at a net margin of 2.3%. Revenue grew 1.8% year over year. It earns a return on equity of 5.5%. Net debt stands at R$29.8B. Fundamentals as of Sep 8, 2026
Scenario range: R$2.11 (bear) to R$4.86 (bull), the price of R$19.57 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 8% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −81%, KLBN11 screens richer than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (R$0.8600 to R$13.21). Read the values as a conservative anchor, not as a price target.
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
P/E ratio25.8as of Jun 8, 2026
P/S ratio1.75P/E × margin
EPS (TTM)R$0.6610price ÷ EPS = P/E 25.8
Dividend yield8.5%
Net margin6.8%FY2025
Return on equity5.5%TTM
More key figures
Profitability
Return on assets (EBIT)9.5%avg 5y
Operating margin6.5%TTM
Growth
Revenue (TTM)R$20.8BTTM
Revenue growth (YoY)+1.8%3y avg +1.1%
EPS growth (YoY)−79.6%
Balance sheet & cash flow
Free cash flowR$3.6BFY2025
Net debtR$29.8BFY2025 · ≈ 8.4 yrs of FCF
Figures from reported company fundamentals · as of Sep 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality51/100
Of which business quality 51
· Market factors (momentum, volatility) 64
Profitability34
Margins and returns on capital today
Quality Growth61
Are margins and returns improving?
Cashflow77
Earnings quality: real cash, not paper profit
Fin. Strength26
Balance sheet, leverage, solvency risk
Investment61
Disciplined investing over empire-building
Low Volatility94
Calm price path (market factor)
Momentum47
Price trend over the last 3–12 months (market factor)
52W Momentum58
Distance to the 52-week high (market factor)
Net Issuance58
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Klabin S.A., together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company operates through Forestry, Pulp, Paper, and Packaging segments. It engages in the planting and growing of pine and eucalyptus trees, and in the forest management business.
Full company description
Klabin S.A., together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company operates through Forestry, Pulp, Paper, and Packaging segments. It engages in the planting and growing of pine and eucalyptus trees, and in the forest management business. The company is also involved in the sale of commercial timber. In addition, it produces and sells hardwood (eucalyptus), softwood (pine), and fluff pulp, as well as paperboard, Kraftliner paper, recycled paper, corrugated cardboard boxes, corrugated cardboard, and industrial sacks. Klabin S.A. was founded in 1899, and is headquartered in São Paulo, Brazil.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Klabin S.A. reported revenue of R$20.7B in FY2025 versus R$16.5B in FY2021, a compound +5.9%/yr. Reported net income was R$1.4B in FY2025, compounding −17.4%/yr from FY2021.
Growth Quality 85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
R$20.7B
Latest YoY
+5.4%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.1%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.6%
Avg. revenue growth/yr (21Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.1%
Value creation/yr (5Y, in BRL) ⓘEarnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. Measured in BRL: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+12.4%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+3.9%
Dividend yield8.5%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −7.6% vs 10Y −15.6%, picking up
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.29.5% (2019) → 20.6% (2025) · falling
Worst earnings drop447% (2020) (loss year, drop beyond 100%) · in BRL
Revenue+5.9%/yr
FY21R$16.5B
FY22R$20.0B
FY23R$18.0B
FY24R$19.6B
FY25R$20.7B
Net income−17.4%/yr
FY21R$3.0B
FY22R$4.5B
FY23R$2.7B
FY24R$1.8B
FY25R$1.4B
Character of growth · EPS growth decomposed (2014-2025)−4.0 % p.a.
Revenue per share+6.9 %
of which total revenue +14.0 % · buybacks/dilution −6.2 %
EBIT margin−2.4 %
Tax rate+0.1 %
Residual (interest, one-offs)−8.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score51 · Above median
Fair Value upside−81% · Bottom 25%
Profitability
Return on equity (TTM)5% · Above median
Return on assets2% · Above median
Net margin (TTM)2% · Above median
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth2% · Above median
Dividend yield (TTM)8.5% · Top 25%
Balance sheet
Debt / equity4.43× · Highest 25%
Valuation Multiples vs Paper & Paper Products median · lower = cheaper
P/E (TTM)25.8× · Pricier than median
P/B3.09× · Priciest 25%
P/S (TTM)1.17× · Priciest 25%
P/FCF6.8× · Pricier than median
EV/EBITDA7.2× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Klabin S.A. deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 22
FUTURE9· sector 5
PAST22· sector 14
HEALTH0· sector 92
DIVIDEND100· sector 44
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Sep 8, 2026).
Is Klabin S.A. (KLBN11) overvalued or undervalued?
As of Sep 8, 2026, our model estimates a fair value of R$3.80 versus a price of R$19.57, about −81% upside (overvalued).
What is the fair value of KLBN11?
Our model-based fair value for Klabin S.A. is R$3.80 (as of Sep 8, 2026), built from audited fundamentals. The current price: R$19.57.
What is the quality score of KLBN11?
Klabin S.A. has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Klabin S.A. (KLBN11)?
Our model-based price target is the fair value of R$3.80 (as of Sep 8, 2026) from 26 valuation models. Cautious scenario R$2.11, optimistic scenario R$4.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Klabin S.A. stock forecast for 2026?
Our models put fair value at R$3.80, about −81% upside versus a price of R$19.57 (overvalued). Cautious scenario R$2.11, optimistic scenario R$4.86. The calculation is refreshed regularly with new filings.
What is the revenue of Klabin S.A. (KLBN11)?
Klabin S.A. reported trailing-twelve-month revenue of about R$20.8B (latest available figure, as of Sep 8, 2026).
What is the net profit margin of KLBN11?
The net profit margin of Klabin S.A. is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.
Does Klabin S.A. pay a dividend?
Klabin S.A. currently shows a dividend yield of about 8.45% relative to its recent price (as of Sep 8, 2026).
What growth is priced into Klabin S.A. (KLBN11)?
For today's price to be fair in a discounted-cash-flow model, Klabin S.A. would have to grow free cash flow by +13.1 % per year for ten years (discount rate 7.9 %, then 2 % perpetual growth). Over the last 5 years revenue grew +11.6 % per year. As of Sep 8, 2026.
What discount rate (WACC) does the fair value of KLBN11 use?
Our models discount Klabin S.A. at 7.9 %: a base by market capitalisation (large), damped by beta 0.08. The same rate applies in all 26 models.
What is the intrinsic value of Klabin S.A. (KLBN11)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Klabin S.A. it is R$3.80 per share (as of Sep 8, 2026), against a price of R$19.57. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Klabin S.A. stock overvalued or undervalued in 2026?
As of Sep 8, 2026, KLBN11 trades above its calculated fair value: price R$19.57, fair value R$3.80, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KLBN11?
No. The price is what the market pays today (R$19.57); the fair value is what the company's own numbers justify (R$3.80). For Klabin S.A. the two are R$15.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is Klabin S.A. worth?
The market values Klabin S.A. at about R$120B (market capitalisation, as of Sep 8, 2026). Per share that is R$19.57; our models calculate a fair value of R$3.80 per share.
What do the bullish and bearish scenarios say about KLBN11?
Our models span a range for Klabin S.A.: cautious scenario R$2.11, base R$3.80, optimistic R$4.86 per share (as of Sep 8, 2026, price R$19.57). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KLBN11?
Klabin S.A. trades at a price-to-earnings ratio of 25.8 (as of Sep 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$3.80 is built from several models across several years. Other multiples: P/B 3.1, P/S 1.2, EV/EBITDA 7.2.
How solid is the balance sheet of Klabin S.A. (KLBN11)?
Balance-sheet figures for Klabin S.A. (as of Sep 8, 2026): return on equity 5.5%, debt of 4.43 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is KLBN11 from its 52-week high?
Klabin S.A. trades at R$19.57, about 8% below its 52-week high of R$21.25 and 24% above the low of R$15.81 (as of Sep 8, 2026). Distance from the high says nothing about value: that is what the fair value of R$3.80 is for.
Which stocks are comparable to Klabin S.A.?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Svenska Cellulosa Aktiebolaget SCA (publ), Shandong Sunpaper Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Klabin S.A. stock attractive at the current price?
The data as of Sep 8, 2026: price R$19.57, calculated fair value R$3.80 (−81%), Quality Score 51/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KLBN11 calculated?
We run Klabin S.A. through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$3.80, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. Klabin S.A. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
Free · no account needed
Watch Klabin S.A. in the live analysis
One click puts Klabin S.A. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
