B3 · BRL

KLBN11

Klabin SA Ctf de Deposito de Acoes Cons of 1 Sh + 4 Pfd Shs

R$18.11-0.88% (-R$0.16)
Day's range
R$18.08 – R$18.55
Day's volume
R$115.2m
52-week range
R$16.10 – R$21.25

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KLBN11 in numbers

Market cap
R$22.8bn
P/E
127.77
P/B
2.38
Dividend yield (12m)
6.48%
Net debt/EBITDA
3.09

The 12-month dividend yield of KLBN11 is 6.48%, above its 5-year average of 5.40%.

KLBN11 price history

01/10/202530/09/2026
Compare with

KLBN11 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+9.01%+1.47%+13.71%
Volatility (annualised)22.31%20.29%22.66%
Largest drawdown-18.92%-20.57%-26.03%
Positive months6/1216/3628/60

How much did investing in KLBN11 return?

R$1,000.00 invested on 01/09/2021 would be worth R$1,137.10 today.

Value today in KLBN11
R$1,137.10
Return over the period
+13.71%
Return per year
+2.60%
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.

KLBN11 fundamentals

Valuation

  • P/E
    127.77
  • P/B
    2.38
  • EV/EBITDA
    5.95
  • EV/EBIT
    15.28
  • EV/Revenue
    2.30
  • P/EBIT
    7.33
  • P/S
    1.10
  • P/OCF
    4.05
  • P/FCF
    6.28
  • Earnings yield
    6.55%
  • PEG ratio
    —
  • Earnings per share
    R$0.14
  • Book value per share
    R$7.60

Debt

  • Net debt
    R$24.8bn
  • Net debt/EBITDA
    3.09
  • Net debt/Equity
    1.55
  • Debt/Equity
    2.18
  • Current ratio
    2.00
  • Quick ratio
    1.55
  • Cash ratio
    1.14

Efficiency

  • Gross margin
    28.00%
  • EBITDA margin
    38.67%
  • Operating margin
    15.05%
  • Net margin
    2.59%
  • Asset turnover
    0.32

Profitability

  • ROE
    1.86%
  • ROA
    0.84%
  • ROIC
    6.36%
  • Payout
    827.41%

Growth

  • Revenue CAGR (5 years)
    8.21%
  • Earnings CAGR (5 years)
    -39.32%
  • Revenue growth (year)
    5.36%
  • Earnings growth (year)
    -23.37%
  • Revenue growth (quarter)
    1.55%
  • Earnings growth (quarter)
    -91.53%

What is KLBN11's fair price?

Two classic value formulas, with today's numbers. The current price is R$18.11.

Graham's fair price
R$4.92
72.82% below the price

√(22.50 × R$0.14 × R$7.60)

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
R$17.95
0.87% below the price

R$1.08 (5-year average) ÷ 6%

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.

KLBN11 indicators by year

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

Indicator20252024202320222021202020192018
P/E84.2878.3050.9625.1347.85-59.95148.01624.99
P/B8.2116.6010.009.6920.3934.0215.3913.15
EV/EBITDA15.2121.0420.9813.6520.3830.5124.6321.25
Dividend yield5.32%5.72%6.16%8.22%1.58%0.89%6.88%5.58%
Earnings per shareR$0.22R$0.30R$0.44R$0.79R$0.54-R$0.44R$0.12R$0.03
Book value per shareR$2.31R$1.40R$2.22R$2.06R$1.26R$0.78R$1.20R$1.21
ROE9.74%21.20%19.62%38.56%42.62%-56.74%10.40%2.10%
ROIC7.85%9.36%8.96%13.98%14.27%7.75%9.20%0.00%
Gross margin35.39%37.52%38.00%47.50%45.77%39.52%33.30%42.95%
EBITDA margin45.76%43.07%42.03%49.22%49.77%46.85%45.95%46.49%
Net margin6.78%9.32%14.95%22.27%18.32%-20.82%6.58%1.37%
Net debt/EBITDA2.734.102.862.272.763.863.432.80

KLBN11 financial statements

Line202520242023202220212020
Net revenueR$20.7bnR$19.6bnR$18bnR$20bnR$16.5bnR$11.9bn
Cost of sales-R$13.4bn-R$12.3bn-R$11.2bn-R$10.5bn-R$8.9bn-R$7.2bn
Gross profitR$7.3bnR$7.4bnR$6.8bnR$9.5bnR$7.5bnR$4.7bn
EBITDAR$9.5bnR$8.5bnR$7.6bnR$9.9bnR$8.2bnR$5.6bn
EBITR$4.5bnR$4.5bnR$4.2bnR$6.7bnR$5.5bnR$3.2bn
Net finance result-R$2.1bn-R$2.2bn-R$435.2m-R$91.4m-R$1.1bn-R$7bn
Profit before taxR$2.4bnR$2.3bnR$3.8bnR$6.6bnR$4.4bn-R$3.8bn
Income tax-R$701.2m-R$222.7m-R$966.7m-R$1.9bn-R$1bnR$1.4bn
Net incomeR$1.4bnR$1.8bnR$2.7bnR$4.5bnR$3bn-R$2.5bn

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

KLBN11 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
KLBN11Klabin127.772.386.48%1.86%R$22.8bn
KLBN4KLABIN S.A.127.002.376.52%1.86%R$22.8bn
KLBN3KLABIN S.A.132.292.476.25%1.86%R$22.8bn
VALE3VALE S.A.29.931.588.03%5.27%R$310.3bn
GGBR4GERDAU S.A.21.460.903.26%4.18%R$45.4bn
GGBR3GERDAU S.A.18.250.763.83%4.18%R$45.4bn
CMIN3CSN MINERAÇÃO S.A.11.663.717.70%31.79%R$27.2bn

Does KLBN11 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend15/12/202512/11/2026R$0.23

Dividend yield per year

  • 3.50%2017
  • 5.58%2018
  • 6.88%2019
  • 0.89%2020
  • 1.58%2021
  • 8.22%2022
  • 6.16%2023
  • 5.72%2024
  • 5.32%2025
  • 3.78%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend15/12/202519/08/2026R$0.23
Dividend15/12/202520/05/2026R$0.23
Dividend15/12/202527/02/2026R$0.23
Dividend07/11/202519/11/2025R$0.26
Dividend08/08/202519/08/2025R$0.25
Dividend13/05/202522/05/2025R$0.23
Dividend05/03/202514/03/2025R$0.04
Interest on equity16/12/202412/03/2025R$0.21
Interest on equity11/11/202421/11/2024R$0.35
Dividend05/08/202415/08/2024R$0.34
Dividend03/05/202416/05/2024R$0.30
Dividend15/02/202426/02/2024R$0.17
See all 56 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity21/12/202326/02/2024R$0.15
Interest on equity27/10/202314/11/2023R$0.29
Dividend04/08/202315/08/2023R$0.24
Dividend05/05/202316/05/2023R$0.35
Dividend13/02/202324/02/2023R$0.31
Interest on equity20/12/202222/02/2023R$0.03
Dividend31/10/202214/11/2022R$0.26
Interest on equity31/10/202214/11/2022R$0.20
Dividend01/08/202211/08/2022R$0.36
Dividend06/05/202218/05/2022R$0.31
Dividend14/02/202225/02/2022R$0.34
Dividend29/10/202111/11/2021R$0.27
Interest on equity29/10/202111/11/2021R$0.09
Dividend10/02/202020/02/2020R$0.02
Interest on equity20/12/201920/02/2020R$0.19
Interest on equity06/11/201914/11/2019R$0.09
Dividend06/11/201914/11/2019R$0.18
Dividend08/08/201919/08/2019R$0.18
Dividend06/05/201917/05/2019R$0.19
Dividend12/02/201925/02/2019R$0.02
Interest on equity20/12/201822/02/2019R$0.12
Interest on equity20/12/201822/02/2019R$0.24
Dividend20/12/201822/02/2019R$0.12
Interest on equity01/11/201814/11/2018R$0.25
Dividend01/11/201814/11/2018R$0.07
Dividend03/08/201815/08/2018R$0.17
Dividend02/05/201814/05/2018R$0.14
Dividend06/02/201819/02/2018R$0.16
Dividend02/11/201714/11/2017R$0.16
Dividend01/08/201711/08/2017R$0.11
Dividend01/08/201711/08/2017R$0.02
Dividend04/05/201712/05/2017R$0.06
Dividend25/04/201712/05/2017R$0.05
Dividend06/02/201716/02/2017R$0.14
Dividend03/11/201614/11/2016R$0.13
Dividend29/07/201610/08/2016R$0.12
Dividend29/04/201611/05/2016R$0.11
Dividend03/02/201622/02/2016R$0.13
Dividend27/07/201506/08/2015R$0.19
Dividend23/03/201506/04/2015R$0.11
Dividend10/11/201418/11/2014R$0.10
Dividend11/08/201419/08/2014R$0.17
Dividend20/03/201409/04/2014R$0.49
Dividend27/10/2015—R$0.11
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Bonus shares17/12/20251.00% in shares
Split07/05/202411 for 10
Split24/03/20145 for 1

About Klabin

Sector
Materiais Básicos
Segment
Papel e Celulose
Listing segment
Level 2
Tag along
Set by the bylaws
Free float
65.72%
Shares issued
2.31bn ordinary · 3.93bn preferred
Average daily trading
R$91.7m
Ibovespa weight
0.55%
Listed since
02/01/2002
CNPJ
89.637.490/0001-45

A Klabin S.A. é uma companhia brasileira integrada de papel e celulose, com atuação em florestas plantadas, produção de celulose, papéis para embalagens e soluções de embalagem. A empresa opera ativos industriais em diferentes estados e possui perfil exportador relevante. O modelo de negócio combina base florestal própria, conversão industrial e fornecimento para cadeias de alimentos, bens de consumo e comércio eletrônico. A companhia mantém foco em papéis para embalagem, celulose de mercado e expansões de capacidade em projetos de longo prazo. Na B3, a empresa negocia unidades sob o ticker KLBN11 no setor de materiais básicos, segmento de papel e celulose. A companhia foi fundada em 1899 e reporta 9.071 empregados.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
KLABIN IRMÃOS S.A.Controlling52.24%0.00%19.36%
BlackRock Inc4.25%10.00%7.87%
The Bank Of New York Department3.03%7.15%5.62%
Guepardo Investimentos Ltda.2.15%5.06%3.98%
Outros37.46%75.75%61.56%
Ações Tesouraria0.87%2.05%1.61%

Questions about KLBN11

How much is KLBN11 today?

KLBN11 is at R$18.11 (-0.88% on the day), last traded on 01/10/2026.

How much did KLBN11 pay in dividends in 2025?

KLBN11 paid R$1.00 per share in 2025, a dividend yield of 5.32%.

When is the next KLBN11 dividend?

The next announced payment is R$0.23 per share on 12/11/2026.

What are the P/E and P/B of KLBN11?

KLBN11 trades at a P/E of 127.77 and a P/B of 2.38.

How much did KLBN11 return in 12 months?

KLBN11 returned 9.01% in 12 months, with annualised volatility of 22.31% and a largest drawdown of -18.92%.

What sector is KLBN11 in?

Klabin is in the Materiais Básicos sector, Papel e Celulose segment.