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Suzano

DB:SPXB
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPXB
DB
R$48B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Suzano S.A. produces and sells eucalyptus pulp and paper products in Brazil and internationally. The last earnings update was 67 days ago. More info.


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SPXB Share Price and Events
7 Day Returns
7.7%
DB:SPXB
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-
DB:SPXB
-11.9%
Europe Forestry
3%
DE Market
SPXB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Suzano (SPXB) 7.7% 4.9% -3.8% - - -
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • No trading data on SPXB.
  • No trading data on SPXB.
Price Volatility
Industry
5yr Volatility vs Market

SPXB Value

 Is Suzano undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Suzano to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Suzano.

DB:SPXB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SPXB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.367 (1 + (1- 34%) (136.37%))
2.071
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:SPXB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Suzano is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:SPXB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 12.15%)
2020 6,113.33 Analyst x3 5,451.13
2021 7,515.67 Analyst x3 5,975.64
2022 8,036.00 Analyst x1 5,697.25
2023 8,388.01 Est @ 4.38% 5,302.65
2024 8,650.95 Est @ 3.13% 4,876.47
2025 8,846.69 Est @ 2.26% 4,446.64
2026 8,992.86 Est @ 1.65% 4,030.48
2027 9,103.02 Est @ 1.22% 3,637.92
2028 9,187.31 Est @ 0.93% 3,273.89
2029 9,253.14 Est @ 0.72% 2,940.18
Present value of next 10 years cash flows R$45,632.00
DB:SPXB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= R$9,253.14 × (1 + 0.23%) ÷ (12.15% – 0.23%)
R$77,803.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$77,803.98 ÷ (1 + 12.15%)10
R$24,722.16
DB:SPXB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$45,632.00 + R$24,722.16
R$70,354.16
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$70,354.16 / 1,349.22
R$52.14
DB:SPXB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SPXB represents 0.21708x of BOVESPA:SUZB3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.21708x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 52.14 x 0.21708
€11.32
Value per share (EUR) From above. €11.32
Current discount Discount to share price of €7.65
= -1 x (€7.65 - €11.32) / €11.32
32.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Suzano is available for.
Intrinsic value
32%
Share price is €7.65 vs Future cash flow value of €11.32
Current Discount Checks
For Suzano to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Suzano's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Suzano's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Suzano's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Suzano's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SPXB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in BRL R$0.68
BOVESPA:SUZB3 Share Price ** BOVESPA (2019-10-11) in BRL R$35.24
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Suzano.

DB:SPXB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:SUZB3 Share Price ÷ EPS (both in BRL)

= 35.24 ÷ 0.68

51.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Suzano is overvalued based on earnings compared to the Europe Forestry industry average.
  • Suzano is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Suzano's expected growth come at a high price?
Raw Data
DB:SPXB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 51.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
101.4%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:SPXB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 51.96x ÷ 101.4%

0.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Suzano is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Suzano's assets?
Raw Data
DB:SPXB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in BRL R$15.06
BOVESPA:SUZB3 Share Price * BOVESPA (2019-10-11) in BRL R$35.24
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:SPXB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:SUZB3 Share Price ÷ Book Value per Share (both in BRL)

= 35.24 ÷ 15.06

2.34x

* Primary Listing of Suzano.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Suzano is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Suzano's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Suzano has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SPXB Future Performance

 How is Suzano expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
101.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Suzano expected to grow at an attractive rate?
  • Suzano's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Suzano's earnings growth is expected to exceed the Germany market average.
  • Suzano's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SPXB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SPXB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 101.4%
DB:SPXB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 9.2%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SPXB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SPXB Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 34,068 1
2022-12-31 32,734 3
2021-12-31 30,444 9,830 5,017 12
2020-12-31 28,248 9,131 3,609 13
2019-12-31 25,184 6,230 -263 11
2019-10-14
DB:SPXB Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2019-06-30 19,599 5,779 829
2019-03-31 16,148 4,996 -1,713
2018-12-31 13,443 5,171 320
2018-09-30 13,416 4,619 -771
2018-06-30 12,006 4,329 137
2018-03-31 11,321 3,487 2,176
2017-12-31 10,581 3,068 1,821
2017-09-30 9,833 3,302 996
2017-06-30 9,411 3,016 248
2017-03-31 9,385 2,755 1,003
2016-12-31 9,839 3,076 1,678
2016-09-30 10,094 2,970 2,472

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Suzano's earnings are expected to grow significantly at over 20% yearly.
  • Suzano's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SPXB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Suzano Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SPXB Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 4.20 4.20 4.20 1.00
2021-12-31 3.34 5.85 0.38 7.00
2020-12-31 2.68 5.76 0.72 8.00
2019-12-31 -0.20 2.30 -1.64 7.00
2019-10-14
DB:SPXB Past Financials Data
Date (Data in BRL Millions) EPS *
2019-06-30 0.68
2019-03-31 -1.49
2018-12-31 0.29
2018-09-30 -0.71
2018-06-30 0.13
2018-03-31 1.99
2017-12-31 1.67
2017-09-30 0.91
2017-06-30 0.23
2017-03-31 0.92
2016-12-31 1.54
2016-09-30 2.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Suzano is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Suzano's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Suzano has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SPXB Past Performance

  How has Suzano performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Suzano's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Suzano's year on year earnings growth rate has been positive over the past 5 years.
  • Suzano's 1-year earnings growth exceeds its 5-year average (503.8% vs 15.3%)
  • Suzano's earnings growth has exceeded the Europe Forestry industry average in the past year (503.8% vs 1.2%).
Earnings and Revenue History
Suzano's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Suzano Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SPXB Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 19,598.76 828.51 2,308.40
2019-03-31 16,147.80 -1,712.63 1,926.58
2018-12-31 13,443.38 319.69 1,423.94
2018-09-30 13,416.43 -771.43 1,256.51
2018-06-30 12,005.60 137.23 1,148.25
2018-03-31 11,321.34 2,176.37 1,009.39
2017-12-31 10,580.67 1,820.99 952.30
2017-09-30 9,833.06 995.57 889.18
2017-06-30 9,411.13 247.52 864.53
2017-03-31 9,384.74 1,003.30 855.50
2016-12-31 9,839.16 1,677.82 843.41
2016-09-30 10,093.67 2,472.47 865.62
2016-06-30 10,906.40 1,460.46 879.89
2016-03-31 10,785.32 961.76 883.42
2015-12-31 10,162.08 -929.68 865.62
2015-09-30 9,691.80 -1,463.36 822.35
2015-06-30 8,685.78 -866.53 765.40
2015-03-31 8,012.36 -1,225.01 723.23
2014-12-31 7,264.60 -261.51 693.56
2014-09-30 6,748.36 -122.19 664.30
2014-06-30 6,288.95 283.33 656.10
2014-03-31 5,914.15 -61.36 639.31
2013-12-31 5,688.63 -220.46 628.05
2013-09-30 5,498.77 -128.44 633.73
2013-06-30 5,339.57 -195.27 637.03
2013-03-31 5,328.81 -212.01 645.26
2012-12-31 5,192.29 -182.13 651.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Suzano has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Suzano used its assets less efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Suzano's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Suzano's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Suzano has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SPXB Health

 How is Suzano's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Suzano's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Suzano is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Suzano's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Suzano's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Suzano Company Filings, last reported 3 months ago.

DB:SPXB Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 20,429.48 60,479.73 7,797.45
2019-03-31 20,353.35 60,764.63 6,783.12
2018-12-31 12,025.94 35,719.28 25,486.02
2018-09-30 10,647.24 23,798.62 12,970.33
2018-06-30 10,707.86 17,941.89 8,027.52
2018-03-31 12,453.76 12,627.34 3,392.01
2017-12-31 11,616.61 12,172.17 2,708.34
2017-09-30 11,606.07 13,112.93 3,849.95
2017-06-30 10,827.49 13,620.56 3,630.77
2017-03-31 10,601.37 13,793.53 4,068.66
2016-12-31 10,124.99 13,989.15 3,695.31
2016-09-30 11,007.17 14,177.31 4,185.70
2016-06-30 10,964.38 12,777.18 2,610.83
2016-03-31 10,314.73 14,053.10 2,844.57
2015-12-31 9,192.08 14,884.72 2,448.10
2015-09-30 8,896.51 15,039.07 2,379.24
2015-06-30 9,860.17 13,876.85 2,895.02
2015-03-31 9,555.40 15,267.68 3,867.97
2014-12-31 10,315.13 13,735.14 3,686.12
2014-09-30 10,517.70 13,074.83 3,322.55
2014-06-30 10,881.85 12,430.13 3,114.04
2014-03-31 10,903.54 12,738.62 3,397.22
2013-12-31 10,687.24 12,843.11 3,689.64
2013-09-30 10,702.17 11,909.12 3,605.22
2013-06-30 10,660.60 11,893.72 4,458.56
2013-03-31 11,007.80 11,072.25 4,330.94
2012-12-31 11,002.08 10,658.08 4,337.61
  • Suzano's level of debt (296%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (114.3% vs 296% today).
  • Debt is not well covered by operating cash flow (9.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Suzano's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Suzano has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SPXB Dividends

 What is Suzano's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.26%
Current annual income from Suzano dividends. Estimated to be 1.71% next year.
If you bought €2,000 of Suzano shares you are expected to receive €25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Suzano's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Suzano's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SPXB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SPXB Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.70 1.00
2021-12-31 0.87 8.00
2020-12-31 0.49 9.00
2019-12-31 0.46 8.00
2019-10-14
DB:SPXB Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2019-05-10 0.445 1.380
2019-02-22 0.445 0.996
2019-02-21 0.445 0.935
2018-04-26 0.384 0.895
2018-02-07 0.384 1.406

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Suzano has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Suzano only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Suzano's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Suzano's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Suzano afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Suzano has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SPXB Management

 What is the CEO of Suzano's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Walter Schalka
AGE 59
TENURE AS CEO 6.8 years
CEO Bio

Mr. Walter Schalka serves as Chief Executive Officer of Suzano S.A. ( Formerly known as Suzano Papel e Celulose S.A.) and served as its Member of the Executive Board. Mr. Schalka served as the Chief Executive Officer of Votorantim Cimentos S.A. until November 30, 2012. In 2005, he joined Grupo Votorantim as President of Votorantim Cimentos, being responsible for operations in Brazil and 14 other countries. He served as the President of Bemis do Brasil Industria e Comercio de Embalagens Ltda. (alternate name, Dixie Toga S.A.) since 1991. Mr. Schalka started his career at Citibank, followed by the Holding company of Grupo Klabin Maepar. He joined Dixie Toga in 1989. He served as a Director of CIMPOR - Cimentos De Portugal, SGPS, S.A. from April 2010 to December 2012. Mr. Schalka was elected as the Chief Executive Officer of the Year 2015 and 2016 in Latin America by RISI. Mr. Schalka is an Engineer. Mr. Schalka holds a Bachelor's Degree in Aeronautical Engineering from Instituto Tecnológico de Aeronáutica; Postgraduate diploma in Business Management and administration from Fundação Getulio Vargas and a Graduate from Harvard University. He attended executives programs at IMD and Harvard Business School.

CEO Compensation
  • Insufficient data for Walter to compare compensation growth.
  • Insufficient data for Walter to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Suzano management team in years:

0.8
Average Tenure
49
Average Age
  • The average tenure for the Suzano management team is less than 2 years, this suggests a new team.
Management Team

Walter Schalka

TITLE
Chief Executive Officer
AGE
59
TENURE
6.8 yrs

Marcelo Bacci

TITLE
CFO & IR Director
AGE
49
TENURE
5.8 yrs

Carlos Anibal de Almeida

TITLE
Executive Officer of Commercial Pulp Business Unit
AGE
49

Alexandre Chueri Neto

TITLE
Executive Officer of Forestry Business Unit
AGE
59

Leonardo Barretto De Grimaldi

TITLE
Executive Officer of Paper Business Unit
AGE
44

Aires Galhardo

TITLE
Executive Officer of Pulp Operations
AGE
42
TENURE
0.8 yrs

Christian Orglmeister

TITLE
Executive Officer of People & Management
AGE
45
TENURE
0.8 yrs

Fernando De Lellis Bertolucci

TITLE
Executive Officer of Research & Development
AGE
53
TENURE
0.8 yrs

Pablo Francisco Machado

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Suzano board of directors in years:

15.3
Average Tenure
60
Average Age
  • The average tenure for the Suzano board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

David Feffer

TITLE
Chairman
AGE
60

Claudio Lobo Sonder

TITLE
Vice Chairman
AGE
77

Daniel Feffer

TITLE
Vice Chairman
AGE
60

Ana Pessoa

TITLE
Director
AGE
52
TENURE
0.5 yrs

Jorge Feffer

TITLE
Director
AGE
55
TENURE
18.8 yrs

Antonio de Souza Correa Meyer

TITLE
Director
AGE
73
TENURE
18.8 yrs

Nildemar Secches

TITLE
Director
AGE
71
TENURE
11.8 yrs

Rodrigo de Freitas Lima

TITLE
Director
AGE
47

Maria Priscila Rodini Machado

TITLE
Director
AGE
60

Luiz Augusto Paes

TITLE
Member of Fiscal Council
AGE
58
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Suzano's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Suzano has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SPXB News

Simply Wall St News

SPXB Company Info

Description

Suzano S.A. produces and sells eucalyptus pulp and paper products in Brazil and internationally. The company offers coated and uncoated printing and writing papers, paperboards, tissue paper, market pulp, and fluff pulp; and lignin and its byproducts. It also engages in the plant genetic research and development for forestry, biopower, and biofuel industries. In addition, the company owns a hydroelectric plant located in the cities of Carlos Chagas and Pavão. Further, it operates a forestry base of approximately 1.2 million hectares comprising 520,000 hectares of planted forests in the states of Bahia, Espírito Santo, São Paulo, Minas Gerais, Maranhão, Tocantins, Pará, and Piauí, as well as approximately 488,000 hectares of preservation areas. The company was formerly known as Suzano Papel e Celulose S.A. and changed its name to Suzano S.A. in April 2019. The company was founded in 1924 and is headquartered in Salvador, Brazil. Suzano S.A. is a subsidiary of Suzano Holding S.A.

Details
Name: Suzano S.A.
SPXB
Exchange: DB
Founded: 1924
R$10,511,700,128
1,349,221,580
Website: http://www.suzano.com.br
Address: Suzano S.A.
Avenida Professor Magalhães Neto, No. 1752,
10th floor,
Salvador,
Bahia, 41810-012,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA SUZB3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 10. Nov 2017
NYSE SUZ SPON ADS EACH REPR 2 ORD SHS New York Stock Exchange US USD 28. Feb 2005
DB SPXB SPON ADS EACH REPR 2 ORD SHS Deutsche Boerse AG DE EUR 28. Feb 2005
BST SPXB SPON ADS EACH REPR 2 ORD SHS Boerse-Stuttgart DE EUR 28. Feb 2005
BMV SUZ N SPON ADS EACH REPR 2 ORD SHS Bolsa Mexicana de Valores MX MXN 28. Feb 2005
Number of employees
Current staff
Staff numbers
8,000
Suzano employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/14 01:06
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/10
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.