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B3 · BRL

CTKA4

Karsten S.A.Non-Cum Perp Pfd Registered Shs

R$33.15-0.30% (-R$0.10)
Day's range
R$33.15 – R$33.15
Day's volume
R$13.3k
52-week range
R$29.25 – R$49.97

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See how CTKA4 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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CTKA4 in numbers

Market cap
R$225.5m
P/E
34.38
P/B
21.58
Dividend yield (12m)
0.00%
Net debt/EBITDA
7.29

CTKA4 trades at 34.38 times its earnings of the last 12 months.

CTKA4 price history

01/10/202530/09/2026
Compare with

CTKA4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-2.21%+114.93%+55.01%
Volatility (annualised)37.75%35.11%50.30%
Largest drawdown-35.09%-35.09%-68.30%
Positive months5/1219/3628/60

How much did investing in CTKA4 return?

R$1,000.00 invested on 01/09/2021 would be worth R$1,550.12 today.

Value today in CTKA4
R$1,550.12
Return over the period
+55.01%
Return per year
+9.16%
In the Ibovespa
R$1,657.66

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

CTKA4 fundamentals

Valuation

  • P/E
    34.38
  • P/B
    21.58
  • EV/EBITDA
    9.56
  • EV/EBIT
    12.29
  • EV/Revenue
    1.22
  • P/EBIT
    2.93
  • P/S
    0.29
  • P/OCF
    4.90
  • P/FCF
    5.57
  • Earnings yield
    8.14%
  • PEG ratio
    —
  • Earnings per share
    R$0.96
  • Book value per share
    R$1.54

Debt

  • Net debt
    R$721.6m
  • Net debt/EBITDA
    7.29
  • Net debt/Equity
    7.57
  • Debt/Equity
    8.11
  • Current ratio
    1.87
  • Quick ratio
    0.96
  • Cash ratio
    0.18

Efficiency

  • Gross margin
    44.84%
  • EBITDA margin
    12.78%
  • Operating margin
    9.94%
  • Net margin
    7.72%
  • Asset turnover
    0.99

Profitability

  • ROE
    62.78%
  • ROA
    7.68%
  • ROIC
    8.22%
  • Payout
    0.00%

Growth

  • Revenue CAGR (5 years)
    10.43%
  • Earnings CAGR (5 years)
    -9.08%
  • Revenue growth (year)
    8.58%
  • Earnings growth (year)
    -40.43%
  • Revenue growth (quarter)
    5.71%
  • Earnings growth (quarter)
    -49.59%

What is CTKA4's fair price?

Two classic value formulas, with today's numbers. The current price is R$33.15.

Graham's fair price
R$5.77
82.59% below the price

√(22.50 × R$0.96 × R$1.54)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
—
Does not apply to CTKA4: it paid no distributions in the last five years.

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

CTKA4 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E3.391.152.71-2.931.921.62-6.44-0.40
P/B3.1524.85-1.01-0.40-0.82-0.68-0.29-0.08
EV/EBITDA8.468.9411.6431.1214.2811.8513.2518.01
Earnings per shareR$11.37R$19.08R$6.79-R$3.41R$9.26R$12.97-R$2.00-R$8.49
Book value per shareR$12.25R$0.88-R$18.20-R$24.99-R$21.59-R$30.85-R$43.93-R$41.93
ROE92.80%2,165.09%-37.33%13.63%-42.91%-42.05%4.56%20.25%
ROIC10.02%10.60%8.05%2.16%7.42%8.04%13.59%6.50%
Gross margin45.33%46.29%42.78%35.60%40.55%40.29%40.44%42.99%
EBITDA margin15.10%14.76%12.84%5.64%14.65%25.09%13.60%17.32%
Net margin9.29%16.94%6.31%-3.45%10.46%21.18%-3.69%-16.64%
Net debt/EBITDA6.387.6210.3129.3212.9110.4811.5117.62

CTKA4 financial statements

Line202520242023202220212020
Net revenueR$759mR$699.1mR$667.9mR$612.6mR$549.7mR$380.2m
Cost of sales-R$415m-R$375.5m-R$382.2m-R$394.5m-R$326.8m-R$227m
Gross profitR$344.1mR$323.6mR$285.7mR$218.1mR$222.9mR$153.2m
EBITDAR$114.6mR$103.2mR$85.8mR$34.5mR$80.5mR$95.4m
EBITR$92.7mR$83.9mR$67.7mR$18.5mR$67.1mR$83.9m
Net finance result-R$11.8m-R$5.2m-R$21.7m-R$36.7m-R$12.2mR$20m
Profit before taxR$80.9mR$78.7mR$46m-R$18.2mR$54.9mR$103.9m
Income tax-R$10.3mR$39.7m-R$3.8m-R$2.9mR$2.6m-R$23.4m
Net incomeR$70.5mR$118.4mR$42.2m-R$21.1mR$57.5mR$80.5m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

CTKA4 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
CTKA4Karsten34.3821.580.00%62.78%R$225.5m
SUZB3SUZANO S.A.6.841.122.54%16.44%R$55.9bn
SLCE3SLC AGRICOLA S.A.21.591.555.39%7.16%R$8.4bn
UNIP6UNIPAR CARBOCLORO S.A.23.913.1911.50%13.34%R$6.4bn
UNIP3UNIPAR CARBOCLORO S.A.23.283.1010.74%13.34%R$6.4bn
UNIP5UNIPAR CARBOCLORO S.A.24.233.2311.35%13.34%R$6.4bn
SMTO3SAO MARTINHO S.A.8.470.811.21%9.51%R$5.9bn

Does CTKA4 pay dividends?

Payment history
TypeLast day to ownPaymentPer share
Dividend29/04/201110/05/2011R$0.18
Interest on equity20/12/201002/05/2011R$0.26
Interest on equity12/12/200716/04/2008R$3.25
Interest on equity12/12/200502/05/2006R$1.16
Dividend07/04/200515/04/2005R$0.28
Interest on equity15/12/200415/04/2005R$3.39
Interest on equity15/12/200319/04/2004R$3.61
Interest on equity16/12/200222/04/2003R$4.69
Interest on equity13/12/200117/04/2002R$3.47
Interest on equity14/12/2009—R$0.09
Interest on equity22/12/2000—R$1.08
Dividend17/04/2000—R$2.24
See all 16 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend09/04/1999—R$0.66
Dividend28/04/1998—R$0.22
Dividend25/03/1997—R$0.55
Dividend29/03/1996—R$1.08
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation28/04/20161 for 10
Share consolidation16/04/20081 for 100
Bonus shares28/04/19987.50% in shares

About Karsten

Listing segment
Traditional
Tag along
Set by the bylaws
Free float
12.79%
Shares issued
2.88m ordinary · 3.33m preferred
Average daily trading
R$29.3k
Listed since
29/12/1971
CNPJ
82.640.558/0001-04
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Kasavii Participações S.A.Controlling97.66%76.74%86.44%
Outros2.34%23.26%13.56%

Questions about CTKA4

How much is CTKA4 today?

CTKA4 is at R$33.15 (-0.30% on the day), last traded on 30/09/2026.

What are the P/E and P/B of CTKA4?

CTKA4 trades at a P/E of 34.38 and a P/B of 21.58.

How much did CTKA4 return in 12 months?

CTKA4 returned -2.21% in 12 months, with annualised volatility of 37.75% and a largest drawdown of -35.09%.