Markets · Stocks & ETFs · ADR
Klabin (OTC: KLBAY)
Brazilian ADR trading on the OTC, priced in US dollars.
- Market Cap
- $23.92B
- P/E (TTM)
- 681.0x
- P/B
- 2.4x
- EPS (TTM)
- $0.01
- Dividend Yield
- 6.56%
- 52-Week Range
- $5.98 – $10.23
- Volume
- 608
- Previous Close
- $6.95
TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.
Performance
About Klabin
- US Ticker
- KLBAY
- B3 Ticker
- KLBN11
- Exchange
- OTC
- Currency
- USD
- Sector
- Basic Materials
- Industry
- Paper & Paper Products
- Headquarters
- São Paulo, SP, Brazil
- Employees
- 18,153
- CEO
- Mr. Cristiano Cardoso Teixeira
- Founded
- 1899
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.
Analyst Ratings
Consensus of 1 Wall Street analyst · sourced from Yahoo Finance
On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.
12-Month Price Target
The average target is +29.22% above the current price of $6.81.
Financial Results
Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).
Financial Health
Margins, leverage and cash-flow quality derived from Klabin's income statement, balance sheet and cash flow (absolute figures in USD).
Overall: Financially Solid
- Net Margin
- 2.5%
- ROE
- 5.4%
- Rev Growth (YoY)
- -0.91%
- Net Debt / EBITDA
- 3.18×
- Current Ratio
- 2.00×
- Interest Coverage
- 1.21×
- Free Cash Flow
- 2.42B
- Payout Ratio
- 209.5%
Income — Margins & Efficiency
| Metric | Last 12MQ3'25 – Q2'26 | Δ | 2025 | Δ | 2024 | Δ | 2023 | Δ | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3,963,355,364 | +4.9% | $3,779,538,183 | +18.9% | $3,179,925,865 | -14.4% | $3,716,083,667 | -2.0% | $3,790,769,216 |
| Gross profit | $1,136,880,012 | -15.0% | $1,337,589,935 | +12.1% | $1,193,208,534 | -15.5% | $1,412,198,672 | -21.6% | $1,800,487,265 |
| Operating income | $549,497,942 | -29.4% | $778,713,524 | +4.4% | $745,915,764 | -16.3% | $891,176,859 | -29.3% | $1,260,683,685 |
| EBITDA | $1,663,296,809 | -13.5% | $1,923,507,907 | +27.4% | $1,509,256,705 | -20.6% | $1,901,990,227 | -8.0% | $2,067,396,965 |
| Net profit | $98,526,098 | -61.5% | $256,224,207 | -13.5% | $296,380,809 | -46.7% | $555,551,936 | -34.2% | $844,198,236 |
| Gross margin | 28.7% | -6.7 p.p. | 35.4% | -2.1 p.p. | 37.5% | -0.5 p.p. | 38.0% | -9.5 p.p. | 47.5% |
| Operating margin | 13.9% | -6.7 p.p. | 20.6% | -2.9 p.p. | 23.5% | -0.5 p.p. | 24.0% | -9.3 p.p. | 33.3% |
| EBITDA margin | 42.0% | -8.9 p.p. | 50.9% | +3.4 p.p. | 47.5% | -3.7 p.p. | 51.2% | -3.4 p.p. | 54.5% |
| Net margin | 2.5% | -4.3 p.p. | 6.8% | -2.5 p.p. | 9.3% | -5.6 p.p. | 14.9% | -7.3 p.p. | 22.3% |
| Revenue growth (YoY) | -0.9% | -6.3 p.p. | 5.4% | -3.6 p.p. | 9.0% | +19.0 p.p. | -10.0% | — | — |
| Effective tax rate | 4.9% | -24.6 p.p. | 29.5% | +19.7 p.p. | 9.8% | -15.5 p.p. | 25.3% | -3.6 p.p. | 28.9% |
| Interest coverage | 1.21× | -31.0% | 1.75× | +1.0% | 1.73× | -38.7% | 2.83× | -57.8% | 6.70× |
Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.
Balance Sheet — Health & Leverage
| Metric | Last 12MQ3'25 – Q2'26 | Δ | 2025 | Δ | 2024 | Δ | 2023 | Δ | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Net debt | $5,290,836,957 | +2.2% | $5,177,414,448 | -8.2% | $5,637,234,173 | +15.3% | $4,887,573,502 | +7.9% | $4,527,709,571 |
| Net Debt / Equity | 2.89× | -19.7% | 3.60× | -31.3% | 5.24× | +155.9% | 2.05× | -18.2% | 2.50× |
| Net Debt / EBITDA | 3.18× | +18.2% | 2.69× | -27.9% | 3.74× | +45.4% | 2.57× | +17.3% | 2.19× |
| Debt / Equity | 3.87× | -20.7% | 4.88× | -21.9% | 6.25× | +117.6% | 2.87× | -4.1% | 2.99× |
| Current ratio | 2.00× | -2.7% | 2.06× | +6.7% | 1.93× | -31.3% | 2.81× | +45.0% | 1.94× |
| Return on equity (ROE) | 5.4% | -12.4 p.p. | 17.8% | -9.7 p.p. | 27.5% | +4.3 p.p. | 23.3% | -23.4 p.p. | 46.7% |
| Return on assets (ROA) | 0.8% | -1.4 p.p. | 2.2% | -0.9 p.p. | 3.1% | -1.8 p.p. | 4.9% | -4.5 p.p. | 9.4% |
| Book value / share | $0.30 | +26.9% | $0.23 | +33.8% | $0.18 | -55.0% | $0.39 | +31.7% | $0.30 |
Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.
Net Debt & Leverage
Free Cash Flow
Margins
Dividend Payout Ratio
Capex ÷ Revenue
Cash Conversion (operating cash flow ÷ net income)
Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.
Valuation & Dividends
P/E Ratio History
Dividend History
Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.
Listings
Klabin trades on 2 exchanges. Prices on this page are the OTC ADR (KLBAY).
| Exchange | Ticker | Currency |
|---|---|---|
| OTCpriced here | KLBAY | USD |
| B3 (São Paulo) | KLBN11 | BRL |
Frequently Asked Questions
Where is Klabin listed?
Klabin trades on 2 exchanges. The line quoted on this page is OTC in the United States (KLBAY, US dollars). It also trades on B3 (São Paulo) in Brazil (KLBN11, Brazilian reais).
On how many exchanges does Klabin trade?
2. OTC — KLBAY (USD) · B3 (São Paulo) — KLBN11 (BRL). Prices shown on this page are the OTC line, KLBAY.
What is Klabin's primary listing?
Klabin's primary listing is on the B3 in Brazil, where the shares trade as KLBN11 in reais — the company's home market. The OTC line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.
What is the difference between KLBAY and KLBN11?
They are the same company and, economically, the same asset. KLBN11 is the original Brazilian share, listed on the B3 and quoted in reais. KLBAY is an American Depositary Receipt over that share, listed on the OTC and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The KLBAY price therefore tracks two things: KLBN11 in reais, and the USD/BRL exchange rate.
How can I buy Klabin stock in the United States?
Klabin is listed on the OTC under KLBAY, priced in US dollars. Any US brokerage offering over-the-counter securities can trade it, with no foreign-account paperwork and no currency conversion.
As of Fri, Aug 14, 17:00 BRT · Market closed
Financial data last updated: August 13, 2026
