Suzano (BUE:SUZ) Cyclically Adjusted FCF per Share: ARS1,328.88 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:SUZ Suzano SA BUE:SUZ
65 GF Score
Price ARS14,310.00
GF Value ARS17,733.24
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Suzano Cyclically Adjusted FCF per Share?

Suzano BUE:SUZ -1.04% 65 Cyclically Adjusted FCF per Share is ARS1,328.88 as of Jun. 2026. GuruFocus rates BUE:SUZ with a GF Score™ of 65/100 and a GF Value™ of ARS17,733.24 (Modestly Undervalued). The stock has 6 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.

Suzano's adjusted free cash flow per share for the three months ended in Jun. 2026 was ARS435.490. 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 ARS1,328.88 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Suzano's average Cyclically Adjusted FCF Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Suzano was 31.90% per year. The lowest was 14.70% per year. And the median was 23.30% per year.

As of today (2026-08-27), Suzano's current stock price is ARS14310.00. Suzano's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ARS1,328.88. Suzano's Cyclically Adjusted Price-to-FCF of today is 10.77.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Suzano was 158.62. The lowest was 9.32. And the median was 16.52.


Suzano  (BUE:SUZ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14310.00/1328.88
=10.77

* 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 Suzano was 158.62. The lowest was 9.32. And the median was 16.52.


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.


Suzano Cyclically Adjusted FCF per Share Related Terms


Suzano Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Suzano'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.

Suzano Cyclically Adjusted FCF per Share Chart

Suzano 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 58.10 178.36 623.65 716.54 1,166.53

Suzano Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 886.28 1,162.61 1,166.53 1,192.02 1,328.88

BUE:SUZ vs SLVM: Cyclically Adjusted FCF per Share Comparison

For the Paper & Paper Products subindustry, Suzano'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.


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

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

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


BUE:SUZ
65GF Score
Suzano SA BUE:SUZ
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Suzano 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, Suzano's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=435.49/177.5443*177.5443
=435.490

Current CPI (Jun. 2026) = 177.5443.

Suzano Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.662 109.986 1.069
201612 -0.285 110.802 -0.457
201703 0.665 111.869 1.055
201706 1.497 112.115 2.371
201709 2.234 112.777 3.517
201712 1.984 114.068 3.088
201803 3.192 114.868 4.934
201806 5.401 117.038 8.193
201809 4.032 117.881 6.073
201812 6.998 118.340 10.499
201903 -5.854 120.124 -8.652
201906 13.507 120.977 19.823
201909 18.001 121.292 26.349
201912 1.075 123.436 1.546
202003 5.677 124.092 8.122
202006 30.439 123.557 43.739
202009 21.400 125.095 30.372
202012 28.269 129.012 38.903
202103 24.668 131.660 33.265
202106 50.687 133.871 67.223
202109 44.519 137.913 57.312
202112 32.260 141.992 40.337
202203 29.711 146.537 35.998
202206 46.117 149.784 54.664
202209 8.859 147.800 10.642
202212 46.361 150.207 54.799
202303 13.049 153.352 15.108
202306 43.958 154.519 50.508
202309 -110.078 155.464 -125.713
202312 9.539 157.148 10.777
202403 -156.357 159.372 -174.185
202406 225.753 161.052 248.872
202409 160.199 162.342 175.200
202412 313.492 164.740 337.858
202503 199.375 168.102 210.574
202506 197.046 169.670 206.191
202509 112.667 170.739 117.158
202512 547.844 171.765 566.276
202603 -21.943 175.066 -22.254
202606 435.490 177.544 435.490

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 ARS1,328.88 mean?
Suzano (BUE:SUZ) has a Cyclically Adjusted FCF per Share of ARS1,328.88 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Suzano and its competitors.
Is Suzano's Cyclically Adjusted FCF per Share too high?
Suzano's current Cyclically Adjusted FCF per Share is ARS1,328.88. Overall, Suzano has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suzano's Cyclically Adjusted FCF per Share compare to SLVM?
Suzano's Cyclically Adjusted FCF per Share of ARS1,328.88 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 Suzano and its competitors. Suzano's current Cyclically Adjusted FCF per Share is ARS1,328.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suzano stock overvalued right now?
Based on GuruFocus' analysis, Suzano (BUE:SUZ) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS17,733.24, compared to a current price of ARS14,310.00 — trading 19.3% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ARS1,328.88. Suzano's overall GF Score™ is 65/100 with 6 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 Suzano (BUE:SUZ), the current Cyclically Adjusted FCF per Share is ARS1,328.88 as of Jun. 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 Suzano (BUE:SUZ) Overvalued in 2026?

Based on GuruFocus' analysis, Suzano stock appears to be undervalued. The current stock price of ARS14,310.00 is trading 19.3% below its estimated GF Value™ of ARS17,733.24. GuruFocus considers Suzano to be Modestly Undervalued.

Key valuation signals for BUE:SUZ:

  • Cyclically Adjusted FCF per Share: ARS1,328.88
  • GF Value™: ARS17,733.24 vs. price of ARS14,310.00 (19.3% below fair value)
  • GF Score™: 65/100 with 6 warning signs

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


Suzano Business Description

Address Avenida Professor Magalhaes Neto, No. 1,752, 10th Floor, Rooms 1010 and 1011, Bairro Pituba, Salvador, BA, BRA, 41810-011
Suzano SA produces and sells pulp and a variety of paper products. The company organizes itself into two segments based on product type: Pulp and Paper. The Pulp segment generates the majority of revenue. The firm's product portfolio includes printing and writing paper, paperboard, diapers, and sanitary napkins. The company owns forest land and plants in Brazil, where it harvests timber and turns the timber into pulp and paper in its plants.
65GF Score

Get the complete analysis for BUE:SUZ

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

ARS14,310.00
Price
ARS17,733.24
GF Value