Klabin (BSP:KLBN3) Cyclically Adjusted FCF per Share: R$0.33 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSP:KLBN3 Klabin SA BSP:KLBN3
62 GF Score
Price R$3.63
GF Value R$4.14
Valuation Modestly Undervalued
! 10 Warning Signs
View Full Analysis

What is Klabin Cyclically Adjusted FCF per Share?

Klabin BSP:KLBN3 +2.25% 62 Cyclically Adjusted FCF per Share is R$0.33 as of Mar. 2026. GuruFocus rates BSP:KLBN3 with a GF Score™ of 62/100 and a GF Value™ of R$4.14 (Modestly Undervalued). The stock has 10 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Klabin's adjusted free cash flow per share for the three months ended in Mar. 2026 was R$0.081. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$0.33 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Klabin's average Cyclically Adjusted FCF Growth Rate was 73.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2026-07-29), Klabin's current stock price is R$3.63. Klabin's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was R$0.33. Klabin's Cyclically Adjusted Price-to-FCF of today is 11.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Klabin was 434.74. The lowest was 10.03. And the median was 31.55.


Klabin  (BSP:KLBN3) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Klabin's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.63/0.33
=11.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Klabin was 434.74. The lowest was 10.03. And the median was 31.55.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Klabin Cyclically Adjusted FCF per Share Related Terms


Klabin Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Klabin's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Klabin Cyclically Adjusted FCF per Share Chart

Klabin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.03 0.15 0.29

Klabin Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.23 0.27 0.29 0.33

BSP:KLBN3 vs SLVM: Cyclically Adjusted FCF per Share Comparison

For the Paper & Paper Products subindustry, Klabin's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Klabin Cyclically Adjusted Price-to-FCF vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Klabin's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Klabin's Cyclically Adjusted Price-to-FCF falls into.


BSP:KLBN3
62GF Score
Klabin SA BSP:KLBN3
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Klabin Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Klabin's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.081/175.0655*175.0655
=0.081

Current CPI (Mar. 2026) = 175.0655.

Klabin Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.089 108.851 -0.143
201609 0.010 109.986 0.016
201612 -0.034 110.802 -0.054
201703 0.061 111.869 0.095
201706 0.055 112.115 0.086
201709 0.018 112.777 0.028
201712 0.015 114.068 0.023
201803 0.048 114.868 0.073
201806 0.146 117.038 0.218
201809 0.073 117.881 0.108
201812 0.042 118.340 0.062
201903 0.023 120.124 0.034
201906 -0.008 120.977 -0.012
201909 0.016 121.292 0.023
201912 0.034 123.436 0.048
202003 0.022 124.092 0.031
202006 -0.040 123.557 -0.057
202009 0.353 125.095 0.494
202012 0.041 129.012 0.056
202103 -0.027 131.660 -0.036
202106 0.005 133.871 0.007
202109 0.147 137.913 0.187
202112 0.042 141.992 0.052
202203 -0.014 146.537 -0.017
202206 -0.083 149.784 -0.097
202209 -0.082 147.800 -0.097
202212 0.228 150.207 0.266
202303 0.048 153.352 0.055
202306 0.122 154.519 0.138
202309 0.077 155.464 0.087
202312 0.133 157.148 0.148
202403 0.062 159.372 0.068
202406 0.332 161.052 0.361
202409 0.205 162.342 0.221
202412 0.117 164.740 0.124
202503 0.211 168.102 0.220
202506 0.169 169.670 0.174
202509 0.205 170.739 0.210
202512 -0.004 171.765 -0.004
202603 0.081 175.066 0.081

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of R$0.33 mean?
Klabin (BSP:KLBN3) has a Cyclically Adjusted FCF per Share of R$0.33 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Klabin and its competitors.
Is Klabin's Cyclically Adjusted FCF per Share too high?
Klabin's current Cyclically Adjusted FCF per Share is R$0.33. Overall, Klabin has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Klabin's Cyclically Adjusted FCF per Share compare to SLVM?
Klabin's Cyclically Adjusted FCF per Share of R$0.33 can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Forest Products company?
A good Cyclically Adjusted FCF per Share depends on the Forest Products industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Klabin and its competitors. Klabin's current Cyclically Adjusted FCF per Share is R$0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Klabin stock overvalued right now?
Based on GuruFocus' analysis, Klabin (BSP:KLBN3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$4.14, compared to a current price of R$3.63 — trading 12.3% below its estimated fair value. The current Cyclically Adjusted FCF per Share is R$0.33. Klabin's overall GF Score™ is 62/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Klabin (BSP:KLBN3), the current Cyclically Adjusted FCF per Share is R$0.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Klabin (BSP:KLBN3) Overvalued in 2026?

Based on GuruFocus' analysis, Klabin stock appears to be undervalued. The current stock price of R$3.63 is trading 12.3% below its estimated GF Value™ of R$4.14. GuruFocus considers Klabin to be Modestly Undervalued.

Key valuation signals for BSP:KLBN3:

  • Cyclically Adjusted FCF per Share: R$0.33
  • GF Value™: R$4.14 vs. price of R$3.63 (12.3% below fair value)
  • GF Score™: 62/100 with 10 warning signs

No single metric tells the full story. See the BSP:KLBN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Klabin Business Description

Address Avenida Brigadeiro Faria Lima 3600, 3rd, 4th and 5th Floor, Itaim Bibi, Sao Paulo, SP, BRA, 04538-132
Klabin SA operates in various segments of the pulp and paper industry, supplying domestic and foreign markets with wood, bleached pulp, packaging paper, paper sacks, and corrugated cardboard boxes. The firm organizes itself into four segments based on product type: Forestry, Paper, Packaging, and Pulp. The Forestry segment involves operations related to planting and growing pine and eucalyptus trees and selling timber to third parties. The Paper segment mainly involves the production of cardboard, Kraftliner, and recycled paper rolls, and their sale. The Packaging segment, which derives maximum revenue, involves the production and sale of corrugated cardboard boxes, cardboard, and industrial bags. The Pulp segment includes the production and sale of short, long, and fluff fiber pulp.
62GF Score

Get the complete analysis for BSP:KLBN3

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$3.63
Price
R$4.14
GF Value