Suzano S.A. (SUZ) 10-Year Financial Performance & Capital Metrics

SUZ • • Industrial / General

Basic MaterialsPaper & Forest ProductsPulp & Paper ManufacturingIntegrated Pulp & Paper Producers

AboutSuzano S.A. produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin and its byproducts. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; biotechnology research and development; and commercialization of paper and computer materials. In addition, the company is involved in the business office, production packaging, and financial fundraising activities; research, development, production, commercialization, and distribution of wood-based textile fibers, yarns, and filaments produced from cellulose and microfibrillated cellulose; and research and development of wood raw materials for the textile industry. Suzano S.A. 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.Show more

Revenue $47.4B +19.2%
EBITDA $24.57B +25.7%
Net Income -$7.07B -150.2%
EPS (Diluted) -5.59 -151.5%
Gross Margin 42.19% +14.3%
EBITDA Margin 51.82% +5.5%
Operating Margin 33.1% +7.7%
Net Margin -14.92% -142.1%
ROE -18.32% -150.7%
ROIC 9.35% +14.5%
Debt/Equity 3.34 +79.7%
Interest Coverage 3.20 +6.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 38.2%
✓Strong 5Y sales CAGR of 12.8%
✓Share count reduced 2.5% through buybacks
✓Healthy 5Y average net margin of 10.7%
✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 3.3x
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y20.63%

5Y12.75%

3Y4.99%

TTM17.39%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM56.94%

EPS CAGR

10Y-

5Y-

3Y-

TTM61.09%

ROCE

10Y Avg16.47%

5Y Avg22.57%

3Y Avg13.71%

Latest11.61%

Peer Comparison

Integrated Pulp & Paper Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SUZSuzano S.A.	12.04B	9.74	-1.74	19.24%	12.82%	14.5%	33.82%	3.34
MERCMercer International Inc.	183.53M	2.74	-2.16	2.48%	-9.04%	-47.97%	3.21%	3.47

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	10.22B	9.88B	10.52B	13.44B	26.01B	30.46B	40.97B	49.83B	39.76B	47.4B
Revenue Growth %	0.41%	-0.03%	0.06%	0.28%	0.94%	0.17%	0.34%	0.22%	-0.2%	0.19%
Cost of Goods Sold+	6.18B	6.57B	6.45B	6.92B	20.74B	18.97B	20.62B	24.82B	25.08B	27.4B
COGS % of Revenue	0.6%	0.66%	0.61%	0.51%	0.8%	0.62%	0.5%	0.5%	0.63%	0.58%
Gross Profit+	4.04B	3.31B	4.07B	6.52B	5.27B	11.49B	20.35B	25.01B	14.68B	20B
Gross Margin %	0.4%	0.34%	0.39%	0.49%	0.2%	0.38%	0.5%	0.5%	0.37%	0.42%
Gross Profit Growth %	1.12%	-0.18%	0.23%	0.6%	-0.19%	1.18%	0.77%	0.23%	-0.41%	0.36%
Operating Expenses+	955.65M	918.46M	767.51M	1.52B	2.64B	3.05B	2.17B	2.79B	2.46B	4.31B
OpEx % of Revenue	0.09%	0.09%	0.07%	0.11%	0.1%	0.1%	0.05%	0.06%	0.06%	0.09%
Selling, General & Admin	839.5M	805.75M	924.88M	1.38B	3.05B	2.63B	2.82B	3.14B	3.45B	4.46B
SG&A % of Revenue	0.08%	0.08%	0.09%	0.1%	0.12%	0.09%	0.07%	0.06%	0.09%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	112.62M	109.28M	-160.92M	126.9M	-411.53M	416.86M	-651.75M	-352.69M	-986.19M	-148.93M
Operating Income+	3.07B	1.32B	3.26B	5.01B	2.63B	8.44B	18.18B	22.22B	12.22B	15.69B
Operating Margin %	0.3%	0.13%	0.31%	0.37%	0.1%	0.28%	0.44%	0.45%	0.31%	0.33%
Operating Income Growth %	1.5%	-0.57%	1.47%	0.54%	-0.48%	2.21%	1.15%	0.22%	-0.45%	0.28%
EBITDA+	4.49B	2.72B	4.67B	6.58B	10.68B	15.2B	25.26B	29.66B	19.54B	24.57B
EBITDA Margin %	0.44%	0.28%	0.44%	0.49%	0.41%	0.5%	0.62%	0.6%	0.49%	0.52%
EBITDA Growth %	0.84%	-0.39%	0.72%	0.41%	0.62%	0.42%	0.66%	0.17%	-0.34%	0.26%
D&A (Non-Cash Add-back)	1.42B	1.4B	1.41B	1.57B	8.05B	6.75B	7.08B	7.44B	7.32B	8.87B
EBIT	-155.38M	3.49B	3.14B	1.2B	-462.99M	-13.88B	12.58B	32.74B	22.08B	14.59B
Net Interest Income+	-936.43M	-762.65M	-912.7M	-598.29M	-3.72B	-828.53M	-3.54B	-3.62B	-2.83B	-3.31B
Interest Income	0	0	75.68M	435.2M	392.02M	28.48M	205.57M	967.01M	1.24B	1.6B
Interest Expense	936.43M	762.65M	1.14B	1.2B	3.36B	857.01M	3.75B	4.59B	4.08B	4.9B
Other Income/Expense	-4.4B	1.12B	-1.02B	-4.84B	-6.73B	-26.09B	-9.35B	6.43B	5.78B	-28.8B
Pretax Income+	-1.36B	2.42B	2.24B	165.3M	-4.1B	-17.64B	8.83B	28.66B	18B	-13.11B
Pretax Margin %	-0.13%	0.24%	0.21%	0.01%	-0.16%	-0.58%	0.22%	0.58%	0.45%	-0.28%
Income Tax+	-433.17M	726.2M	431.63M	-154.52M	-1.28B	-6.93B	197.43M	5.26B	3.89B	-6.07B
Effective Tax Rate %	0.68%	0.7%	0.81%	1.93%	0.69%	0.61%	0.98%	0.82%	0.78%	0.54%
Net Income+	-925.35M	1.69B	1.81B	319.69M	-2.82B	-10.72B	8.63B	23.38B	14.08B	-7.07B
Net Margin %	-0.09%	0.17%	0.17%	0.02%	-0.11%	-0.35%	0.21%	0.47%	0.35%	-0.15%
Net Income Growth %	-2.54%	2.83%	0.07%	-0.82%	-9.81%	-2.81%	1.8%	1.71%	-0.4%	-1.5%
Net Income (Continuing)	-925.35M	1.68B	1.82B	319.81M	-2.81B	-10.71B	8.64B	23.39B	14.11B	-7.04B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	13.93M	28.67M	20.32M	99.66M	105.33M	117.53M	131.31M
EPS (Diluted)+	-0.85	1.53	1.66	0.29	-2.09	-7.94	6.39	17.57	10.85	-5.59
EPS Growth %	-2.54%	2.8%	0.08%	-0.83%	-8.21%	-2.8%	1.8%	1.75%	-0.38%	-1.52%
EPS (Basic)	-0.85	1.54	1.67	0.29	-2.09	-7.94	6.39	17.58	10.85	-5.59
Diluted Shares Outstanding	1.09B	1.09B	1.09B	1.09B	1.35B	1.35B	1.35B	1.33B	1.3B	1.26B
Basic Shares Outstanding	1.09B	1.09B	1.09B	1.09B	1.35B	1.35B	1.35B	1.33B	1.3B	1.26B
Dividend Payout Ratio	-	0.18%	0.32%	0.66%	-	-	0%	0.18%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.59B	8.03B	6.8B	30.8B	4.69B	3.46B	34.1B	37.12B	38.57B	42.18B
Cash & Short-Term Investments	2.45B	3.7B	2.71B	25.49B	2.34B	1.74B	21.1B	17.05B	21.17B	21.99B
Cash Only	1.48B	1.61B	1.08B	4.39B	807.7M	1.32B	13.59B	9.51B	8.35B	9.02B
Short-Term Investments	970.85M	2.08B	1.63B	21.1B	1.53B	425.87M	7.51B	7.55B	12.82B	12.97B
Accounts Receivable	1.89B	2.16B	2.3B	2.54B	1.09B	781.83M	6.9B	10.16B	7.74B	10.24B
Days Sales Outstanding	67.33	79.81	79.72	68.88	15.24	9.37	61.47	74.45	71.03	78.87
Inventory	1.32B	1.31B	1.21B	1.85B	1.21B	780.2M	4.64B	5.73B	5.95B	7.96B
Days Inventory Outstanding	77.67	72.93	68.36	97.71	21.24	15.01	82.11	84.23	86.56	106.06
Other Current Assets	901.82M	894.73M	595.72M	922.71M	64.7M	153.51M	1.41B	4.07B	3.6B	1.9B
Total Non-Current Assets+	21.67B	21.37B	21.73B	23.13B	19.64B	16.14B	84.87B	96.08B	105.02B	123.75B
Property, Plant & Equipment	16.35B	16.24B	16.21B	17.02B	13.81B	10.52B	42.96B	55.77B	64.49B	70.17B
Fixed Asset Turnover	0.63x	0.61x	0.65x	0.79x	1.88x	2.89x	0.95x	0.89x	0.62x	0.68x
Goodwill	45.45M	45.45M	45.45M	158.33M	2B	1.54B	8.25B	8.25B	8.42B	8.42B
Intangible Assets	284.18M	174.14M	142.98M	181.51M	2.4B	1.68B	8.01B	7.17B	6.56B	5.71B
Long-Term Investments	800.36M	873K	6.76M	14.34M	457.01M	364.71M	292.32M	379.12M	379.13M	1.59B
Other Non-Current Assets	4.19B	4.91B	5.32B	5.75B	446.48M	356.11M	16.62B	20.52B	24.64B	29.88B
Total Assets+	28.26B	29.4B	28.52B	53.93B	24.34B	19.6B	118.98B	133.2B	143.59B	165.94B
Asset Turnover	0.36x	0.34x	0.37x	0.25x	1.07x	1.55x	0.34x	0.37x	0.28x	0.29x
Asset Growth %	0%	0.04%	-0.03%	0.89%	-0.55%	-0.19%	5.07%	0.12%	0.08%	0.16%
Total Current Liabilities+	3.51B	3.83B	3.71B	6.06B	2.85B	1.57B	11.55B	14.49B	14.8B	24.48B
Accounts Payable	581.48M	582.92M	621.18M	632.57M	590.76M	454.56M	3.29B	6.21B	5.57B	6.03B
Days Payables Outstanding	34.32	32.38	35.15	33.35	10.39	8.75	58.23	91.27	81.11	80.37
Short-Term Debt	2.02B	1.59B	2.11B	3.42B	1.49B	332.79M	3.66B	3.34B	4.76B	10.5B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	722.01M	1.49B	775.65M	1.77B	597.94M	667.05M	2.03B	3.02B	1.01B	3.13B
Current Ratio	1.88x	2.10x	1.83x	5.08x	1.65x	2.20x	2.95x	2.56x	2.61x	1.72x
Quick Ratio	1.50x	1.75x	1.51x	4.78x	1.22x	1.70x	2.55x	2.17x	2.20x	1.40x
Cash Conversion Cycle	110.68	120.37	112.92	133.24	26.08	15.64	85.34	67.41	76.49	104.56
Total Non-Current Liabilities+	15.56B	15.43B	13.19B	35.85B	16.99B	16.61B	92.25B	85.54B	83.99B	109.04B
Long-Term Debt	12.87B	12.4B	10.06B	32.3B	14.25B	13.64B	75.97B	71.24B	72.41B	90.93B
Capital Lease Obligations	27.11M	18.84M	15.05M	12.62M	827.11M	880.13M	5.27B	5.51B	5.49B	6.1B
Deferred Tax Liabilities	1.04B	1.56B	1.79B	1.04B	143.9M	109.74K	0	1.12M	11.38M	12.6M
Other Non-Current Liabilities	2.66B	609.11M	2.29B	3.54B	1.77B	2.09B	10.86B	8.65B	6B	11.92B
Total Liabilities	19.07B	19.26B	16.9B	41.91B	19.84B	18.19B	103.8B	100.03B	98.78B	133.52B
Total Debt+	15.54B	14.01B	12.19B	35.74B	16.57B	14.85B	85.52B	80.76B	83.42B	108.41B
Net Debt	14.06B	12.4B	11.12B	31.35B	15.76B	13.54B	71.93B	71.25B	75.07B	99.39B
Debt / Equity	1.69x	1.38x	1.05x	2.97x	3.68x	10.52x	5.64x	2.43x	1.86x	3.34x
Debt / EBITDA	3.46x	5.15x	2.61x	5.43x	1.55x	0.98x	3.39x	2.72x	4.27x	4.41x
Net Debt / EBITDA	3.13x	4.56x	2.38x	4.76x	1.48x	0.89x	2.85x	2.40x	3.84x	4.05x
Interest Coverage	3.28x	1.73x	2.85x	4.19x	0.78x	9.85x	4.85x	4.84x	3.00x	3.20x
Total Equity+	9.19B	10.14B	11.62B	12.03B	4.5B	1.41B	15.18B	33.17B	44.81B	32.42B
Equity Growth %	-0.11%	0.1%	0.15%	0.03%	-0.63%	-0.69%	9.74%	1.19%	0.35%	-0.28%
Book Value per Share	8.45	9.31	10.62	10.98	3.33	1.05	11.24	24.93	34.53	25.63
Total Shareholders' Equity	9.19B	10.14B	11.62B	12.01B	4.47B	1.39B	15.08B	33.06B	44.69B	32.28B
Common Stock	6.24B	6.24B	6.24B	6.24B	2.3B	1.78B	9.24B	9.24B	9.24B	19.24B
Retained Earnings	706.14M	1.64B	2.92B	2.99B	0	-755.85M	3.93B	24.21B	0	0
Treasury Stock	-288.86M	-273.67M	-241.09M	-218.26M	-54.26M	-42.02M	-218.26M	-2.12B	-1.48B	-1.34B
Accumulated OCI	500.25M	1.86B	3.32B	3B	2.23B	412.11M	2.13B	25.95B	36.94B	14.39B
Minority Interest	0	0	0	13.93M	28.67M	20.32M	99.66M	105.33M	117.53M	131.31M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.35B	3B	2.95B	5.17B	7.58B	13.12B	17.64B	21.64B	17.32B	20.6B
Operating CF Margin %	0.23%	0.3%	0.28%	0.38%	0.29%	0.43%	0.43%	0.43%	0.44%	0.43%
Operating CF Growth %	0.6%	0.28%	-0.02%	0.75%	0.47%	0.73%	0.34%	0.23%	-0.2%	0.19%
Net Income	-925.35M	1.69B	1.81B	319.81M	-2.81B	-10.71B	8.64B	23.39B	14.11B	-7.04B
Depreciation & Amortization	1.42B	1.4B	1.4B	1.56B	8.05B	6.75B	7.08B	7.44B	7.32B	9.3B
Stock-Based Compensation	45.11M	2.81M	33.71M	131.61M	0	0	0	78.51M	0	0
Deferred Taxes	-452.22M	537.38M	229.44M	-741.08M	-1.66B	-7.11B	-536.57M	4.75B	3.5B	-7.43B
Other Non-Cash Items	1.15B	1.82B	720.49M	5.23B	3.53B	21.93B	4.85B	-11.7B	-9.96B	24.74B
Working Capital Changes	-936.09M	726.97M	35.89M	-1.33B	468.28M	2.26B	-2.39B	-2.32B	2.36B	1.04B
Change in Receivables	-824.88M	190.38M	-662.46M	-186.03M	1.23B	1.54B	-3.21B	-3.27B	1.49B	-904.2M
Change in Inventory	-275.56M	-39.3M	76.36M	-612.69M	873.42M	651.2M	-654.76M	-968M	-48.67M	-863.65M
Change in Payables	92.23M	-4.7M	63.24M	1.47M	-1.56B	140.48M	1.36B	1.53B	463M	2.16B
Cash from Investing+	-2.35B	-3.34B	-1.01B	-21.96B	-11.7B	-736.42M	-10.36B	-17.02B	-26.04B	-20.51B
Capital Expenditures	-1.46B	-2.32B	-1.78B	-2.42B	-2B	-1.5B	-2.15B	-14.84B	-11.67B	-16.37B
CapEx % of Revenue	0.14%	0.24%	0.17%	0.18%	0.08%	0.05%	0.05%	0.3%	0.29%	0.35%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	41.87M	35.23M	84.69M	-19.24B	-3.02B	-3.07B	-2.93B	-2.11B	-7.96B	-124.34M
Cash from Financing+	-2.48B	638.45M	-2.49B	20.04B	3.14B	-9.79B	-1.57B	-8.11B	7.8B	-83.77M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-269.94M	-299.93M	-570.57M	-210.21M	-606.63M	0	-9.68M	-4.15B	0	-1.62B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-251.65M	53.41M	-69.66M	-1.66B	-605.62M	-4.63B	-2.07B	174.34M	3.25B	-609.05M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	892.26M	678.84M	1.17B	2.75B	2.71B	8.23B	11.39B	6.8B	-241.59M	4.07B
FCF Margin %	0.09%	0.07%	0.11%	0.2%	0.1%	0.27%	0.28%	0.14%	-0.01%	0.09%
FCF Growth %	7.45%	-0.24%	0.72%	1.35%	-0.01%	2.04%	0.38%	-0.4%	-1.04%	17.85%
FCF per Share	0.82	0.62	1.07	2.51	2.01	6.10	8.44	5.11	-0.19	3.22
FCF Conversion (FCF/Net Income)	-2.54x	1.77x	1.63x	16.17x	-2.69x	-1.22x	2.04x	0.93x	1.23x	-2.91x
Interest Paid	0	0	0	0	0	0	0	0	0	5.24B
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.49%	17.5%	16.61%	2.7%	-34.11%	-362.99%	104.01%	96.74%	36.13%	-18.32%
Return on Invested Capital (ROIC)	10.38%	4.31%	10.79%	11.36%	6.2%	35.97%	26.72%	17.4%	8.17%	9.35%
Gross Margin	39.51%	33.5%	38.7%	48.51%	20.26%	37.73%	49.68%	50.19%	36.92%	42.19%
Net Margin	-9.05%	17.12%	17.18%	2.38%	-10.83%	-35.21%	21.06%	46.92%	35.43%	-14.92%
Debt / Equity	1.69x	1.38x	1.05x	2.97x	3.68x	10.52x	5.64x	2.43x	1.86x	3.34x
Interest Coverage	3.28x	1.73x	2.85x	4.19x	0.78x	9.85x	4.85x	4.84x	3.00x	3.20x
FCF Conversion	-2.54x	1.77x	1.63x	16.17x	-2.69x	-1.22x	2.04x	0.93x	1.23x	-2.91x
Revenue Growth	40.74%	-3.35%	6.46%	27.78%	93.5%	17.1%	34.49%	21.64%	-20.22%	19.24%

Revenue by Segment

	2023	2024
Total of products	-	47.4B
Total of products Growth	-	-
Market pulp	30.68B	37.59B
Market pulp Growth	-	22.55%
Printing and writing paper	7.57B	8.48B
Printing and writing paper Growth	-	12.04%
Paperboard	1.42B	1.27B
Paperboard Growth	-	-10.32%
Other products	93.92M	60.46M
Other products Growth	-	-35.62%

Revenue by Geography

	2023	2024
Asia	13.66B	15.79B
Asia Growth	-	15.56%
Europe	9B	12.25B
Europe Growth	-	36.07%
North America	6.16B	7.88B
North America Growth	-	27.95%
Central and South America	-	1.85B
Central and South America Growth	-	-
Africa	74.63M	62.73M
Africa Growth	-	-15.94%
South and Central America	2B	-
South and Central America Growth	-	-

Frequently Asked Questions

Growth & Financials

Suzano S.A. (SUZ) reported $51.18B in revenue for fiscal year 2024. This represents a 956% increase from $4.85B in 2011.

Suzano S.A. (SUZ) grew revenue by 19.2% over the past year. This is strong growth.

Yes, Suzano S.A. (SUZ) is profitable, generating $6.56B in net income for fiscal year 2024 (-14.9% net margin).

Dividend & Returns

Yes, Suzano S.A. (SUZ) pays a dividend with a yield of 13.19%. This makes it attractive for income-focused investors.

Suzano S.A. (SUZ) has a return on equity (ROE) of -18.3%. Negative ROE indicates the company is unprofitable.

Suzano S.A. (SUZ) generated $5.41B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Suzano S.A. (SUZ) 10-Year Financial Performance & Capital Metrics

SUZ • • Industrial / General

Basic MaterialsPaper & Forest ProductsPulp & Paper ManufacturingIntegrated Pulp & Paper Producers

Revenue $47.4B +19.2%
EBITDA $24.57B +25.7%
Net Income -$7.07B -150.2%
EPS (Diluted) -5.59 -151.5%
Gross Margin 42.19% +14.3%
EBITDA Margin 51.82% +5.5%
Operating Margin 33.1% +7.7%
Net Margin -14.92% -142.1%
ROE -18.32% -150.7%
ROIC 9.35% +14.5%
Debt/Equity 3.34 +79.7%
Interest Coverage 3.20 +6.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 38.2%
✓Strong 5Y sales CAGR of 12.8%
✓Share count reduced 2.5% through buybacks
✓Healthy 5Y average net margin of 10.7%
✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 3.3x
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y20.63%

5Y12.75%

3Y4.99%

TTM17.39%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM56.94%

EPS CAGR

10Y-

5Y-

3Y-

TTM61.09%

ROCE

10Y Avg16.47%

5Y Avg22.57%

3Y Avg13.71%

Latest11.61%

Peer Comparison

Integrated Pulp & Paper Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SUZSuzano S.A.	12.04B	9.74	-1.74	19.24%	12.82%	14.5%	33.82%	3.34
MERCMercer International Inc.	183.53M	2.74	-2.16	2.48%	-9.04%	-47.97%	3.21%	3.47

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	10.22B	9.88B	10.52B	13.44B	26.01B	30.46B	40.97B	49.83B	39.76B	47.4B
Revenue Growth %	0.41%	-0.03%	0.06%	0.28%	0.94%	0.17%	0.34%	0.22%	-0.2%	0.19%
Cost of Goods Sold+	6.18B	6.57B	6.45B	6.92B	20.74B	18.97B	20.62B	24.82B	25.08B	27.4B
COGS % of Revenue	0.6%	0.66%	0.61%	0.51%	0.8%	0.62%	0.5%	0.5%	0.63%	0.58%
Gross Profit+	4.04B	3.31B	4.07B	6.52B	5.27B	11.49B	20.35B	25.01B	14.68B	20B
Gross Margin %	0.4%	0.34%	0.39%	0.49%	0.2%	0.38%	0.5%	0.5%	0.37%	0.42%
Gross Profit Growth %	1.12%	-0.18%	0.23%	0.6%	-0.19%	1.18%	0.77%	0.23%	-0.41%	0.36%
Operating Expenses+	955.65M	918.46M	767.51M	1.52B	2.64B	3.05B	2.17B	2.79B	2.46B	4.31B
OpEx % of Revenue	0.09%	0.09%	0.07%	0.11%	0.1%	0.1%	0.05%	0.06%	0.06%	0.09%
Selling, General & Admin	839.5M	805.75M	924.88M	1.38B	3.05B	2.63B	2.82B	3.14B	3.45B	4.46B
SG&A % of Revenue	0.08%	0.08%	0.09%	0.1%	0.12%	0.09%	0.07%	0.06%	0.09%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	112.62M	109.28M	-160.92M	126.9M	-411.53M	416.86M	-651.75M	-352.69M	-986.19M	-148.93M
Operating Income+	3.07B	1.32B	3.26B	5.01B	2.63B	8.44B	18.18B	22.22B	12.22B	15.69B
Operating Margin %	0.3%	0.13%	0.31%	0.37%	0.1%	0.28%	0.44%	0.45%	0.31%	0.33%
Operating Income Growth %	1.5%	-0.57%	1.47%	0.54%	-0.48%	2.21%	1.15%	0.22%	-0.45%	0.28%
EBITDA+	4.49B	2.72B	4.67B	6.58B	10.68B	15.2B	25.26B	29.66B	19.54B	24.57B
EBITDA Margin %	0.44%	0.28%	0.44%	0.49%	0.41%	0.5%	0.62%	0.6%	0.49%	0.52%
EBITDA Growth %	0.84%	-0.39%	0.72%	0.41%	0.62%	0.42%	0.66%	0.17%	-0.34%	0.26%
D&A (Non-Cash Add-back)	1.42B	1.4B	1.41B	1.57B	8.05B	6.75B	7.08B	7.44B	7.32B	8.87B
EBIT	-155.38M	3.49B	3.14B	1.2B	-462.99M	-13.88B	12.58B	32.74B	22.08B	14.59B
Net Interest Income+	-936.43M	-762.65M	-912.7M	-598.29M	-3.72B	-828.53M	-3.54B	-3.62B	-2.83B	-3.31B
Interest Income	0	0	75.68M	435.2M	392.02M	28.48M	205.57M	967.01M	1.24B	1.6B
Interest Expense	936.43M	762.65M	1.14B	1.2B	3.36B	857.01M	3.75B	4.59B	4.08B	4.9B
Other Income/Expense	-4.4B	1.12B	-1.02B	-4.84B	-6.73B	-26.09B	-9.35B	6.43B	5.78B	-28.8B
Pretax Income+	-1.36B	2.42B	2.24B	165.3M	-4.1B	-17.64B	8.83B	28.66B	18B	-13.11B
Pretax Margin %	-0.13%	0.24%	0.21%	0.01%	-0.16%	-0.58%	0.22%	0.58%	0.45%	-0.28%
Income Tax+	-433.17M	726.2M	431.63M	-154.52M	-1.28B	-6.93B	197.43M	5.26B	3.89B	-6.07B
Effective Tax Rate %	0.68%	0.7%	0.81%	1.93%	0.69%	0.61%	0.98%	0.82%	0.78%	0.54%
Net Income+	-925.35M	1.69B	1.81B	319.69M	-2.82B	-10.72B	8.63B	23.38B	14.08B	-7.07B
Net Margin %	-0.09%	0.17%	0.17%	0.02%	-0.11%	-0.35%	0.21%	0.47%	0.35%	-0.15%
Net Income Growth %	-2.54%	2.83%	0.07%	-0.82%	-9.81%	-2.81%	1.8%	1.71%	-0.4%	-1.5%
Net Income (Continuing)	-925.35M	1.68B	1.82B	319.81M	-2.81B	-10.71B	8.64B	23.39B	14.11B	-7.04B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	13.93M	28.67M	20.32M	99.66M	105.33M	117.53M	131.31M
EPS (Diluted)+	-0.85	1.53	1.66	0.29	-2.09	-7.94	6.39	17.57	10.85	-5.59
EPS Growth %	-2.54%	2.8%	0.08%	-0.83%	-8.21%	-2.8%	1.8%	1.75%	-0.38%	-1.52%
EPS (Basic)	-0.85	1.54	1.67	0.29	-2.09	-7.94	6.39	17.58	10.85	-5.59
Diluted Shares Outstanding	1.09B	1.09B	1.09B	1.09B	1.35B	1.35B	1.35B	1.33B	1.3B	1.26B
Basic Shares Outstanding	1.09B	1.09B	1.09B	1.09B	1.35B	1.35B	1.35B	1.33B	1.3B	1.26B
Dividend Payout Ratio	-	0.18%	0.32%	0.66%	-	-	0%	0.18%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.59B	8.03B	6.8B	30.8B	4.69B	3.46B	34.1B	37.12B	38.57B	42.18B
Cash & Short-Term Investments	2.45B	3.7B	2.71B	25.49B	2.34B	1.74B	21.1B	17.05B	21.17B	21.99B
Cash Only	1.48B	1.61B	1.08B	4.39B	807.7M	1.32B	13.59B	9.51B	8.35B	9.02B
Short-Term Investments	970.85M	2.08B	1.63B	21.1B	1.53B	425.87M	7.51B	7.55B	12.82B	12.97B
Accounts Receivable	1.89B	2.16B	2.3B	2.54B	1.09B	781.83M	6.9B	10.16B	7.74B	10.24B
Days Sales Outstanding	67.33	79.81	79.72	68.88	15.24	9.37	61.47	74.45	71.03	78.87
Inventory	1.32B	1.31B	1.21B	1.85B	1.21B	780.2M	4.64B	5.73B	5.95B	7.96B
Days Inventory Outstanding	77.67	72.93	68.36	97.71	21.24	15.01	82.11	84.23	86.56	106.06
Other Current Assets	901.82M	894.73M	595.72M	922.71M	64.7M	153.51M	1.41B	4.07B	3.6B	1.9B
Total Non-Current Assets+	21.67B	21.37B	21.73B	23.13B	19.64B	16.14B	84.87B	96.08B	105.02B	123.75B
Property, Plant & Equipment	16.35B	16.24B	16.21B	17.02B	13.81B	10.52B	42.96B	55.77B	64.49B	70.17B
Fixed Asset Turnover	0.63x	0.61x	0.65x	0.79x	1.88x	2.89x	0.95x	0.89x	0.62x	0.68x
Goodwill	45.45M	45.45M	45.45M	158.33M	2B	1.54B	8.25B	8.25B	8.42B	8.42B
Intangible Assets	284.18M	174.14M	142.98M	181.51M	2.4B	1.68B	8.01B	7.17B	6.56B	5.71B
Long-Term Investments	800.36M	873K	6.76M	14.34M	457.01M	364.71M	292.32M	379.12M	379.13M	1.59B
Other Non-Current Assets	4.19B	4.91B	5.32B	5.75B	446.48M	356.11M	16.62B	20.52B	24.64B	29.88B
Total Assets+	28.26B	29.4B	28.52B	53.93B	24.34B	19.6B	118.98B	133.2B	143.59B	165.94B
Asset Turnover	0.36x	0.34x	0.37x	0.25x	1.07x	1.55x	0.34x	0.37x	0.28x	0.29x
Asset Growth %	0%	0.04%	-0.03%	0.89%	-0.55%	-0.19%	5.07%	0.12%	0.08%	0.16%
Total Current Liabilities+	3.51B	3.83B	3.71B	6.06B	2.85B	1.57B	11.55B	14.49B	14.8B	24.48B
Accounts Payable	581.48M	582.92M	621.18M	632.57M	590.76M	454.56M	3.29B	6.21B	5.57B	6.03B
Days Payables Outstanding	34.32	32.38	35.15	33.35	10.39	8.75	58.23	91.27	81.11	80.37
Short-Term Debt	2.02B	1.59B	2.11B	3.42B	1.49B	332.79M	3.66B	3.34B	4.76B	10.5B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	722.01M	1.49B	775.65M	1.77B	597.94M	667.05M	2.03B	3.02B	1.01B	3.13B
Current Ratio	1.88x	2.10x	1.83x	5.08x	1.65x	2.20x	2.95x	2.56x	2.61x	1.72x
Quick Ratio	1.50x	1.75x	1.51x	4.78x	1.22x	1.70x	2.55x	2.17x	2.20x	1.40x
Cash Conversion Cycle	110.68	120.37	112.92	133.24	26.08	15.64	85.34	67.41	76.49	104.56
Total Non-Current Liabilities+	15.56B	15.43B	13.19B	35.85B	16.99B	16.61B	92.25B	85.54B	83.99B	109.04B
Long-Term Debt	12.87B	12.4B	10.06B	32.3B	14.25B	13.64B	75.97B	71.24B	72.41B	90.93B
Capital Lease Obligations	27.11M	18.84M	15.05M	12.62M	827.11M	880.13M	5.27B	5.51B	5.49B	6.1B
Deferred Tax Liabilities	1.04B	1.56B	1.79B	1.04B	143.9M	109.74K	0	1.12M	11.38M	12.6M
Other Non-Current Liabilities	2.66B	609.11M	2.29B	3.54B	1.77B	2.09B	10.86B	8.65B	6B	11.92B
Total Liabilities	19.07B	19.26B	16.9B	41.91B	19.84B	18.19B	103.8B	100.03B	98.78B	133.52B
Total Debt+	15.54B	14.01B	12.19B	35.74B	16.57B	14.85B	85.52B	80.76B	83.42B	108.41B
Net Debt	14.06B	12.4B	11.12B	31.35B	15.76B	13.54B	71.93B	71.25B	75.07B	99.39B
Debt / Equity	1.69x	1.38x	1.05x	2.97x	3.68x	10.52x	5.64x	2.43x	1.86x	3.34x
Debt / EBITDA	3.46x	5.15x	2.61x	5.43x	1.55x	0.98x	3.39x	2.72x	4.27x	4.41x
Net Debt / EBITDA	3.13x	4.56x	2.38x	4.76x	1.48x	0.89x	2.85x	2.40x	3.84x	4.05x
Interest Coverage	3.28x	1.73x	2.85x	4.19x	0.78x	9.85x	4.85x	4.84x	3.00x	3.20x
Total Equity+	9.19B	10.14B	11.62B	12.03B	4.5B	1.41B	15.18B	33.17B	44.81B	32.42B
Equity Growth %	-0.11%	0.1%	0.15%	0.03%	-0.63%	-0.69%	9.74%	1.19%	0.35%	-0.28%
Book Value per Share	8.45	9.31	10.62	10.98	3.33	1.05	11.24	24.93	34.53	25.63
Total Shareholders' Equity	9.19B	10.14B	11.62B	12.01B	4.47B	1.39B	15.08B	33.06B	44.69B	32.28B
Common Stock	6.24B	6.24B	6.24B	6.24B	2.3B	1.78B	9.24B	9.24B	9.24B	19.24B
Retained Earnings	706.14M	1.64B	2.92B	2.99B	0	-755.85M	3.93B	24.21B	0	0
Treasury Stock	-288.86M	-273.67M	-241.09M	-218.26M	-54.26M	-42.02M	-218.26M	-2.12B	-1.48B	-1.34B
Accumulated OCI	500.25M	1.86B	3.32B	3B	2.23B	412.11M	2.13B	25.95B	36.94B	14.39B
Minority Interest	0	0	0	13.93M	28.67M	20.32M	99.66M	105.33M	117.53M	131.31M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.35B	3B	2.95B	5.17B	7.58B	13.12B	17.64B	21.64B	17.32B	20.6B
Operating CF Margin %	0.23%	0.3%	0.28%	0.38%	0.29%	0.43%	0.43%	0.43%	0.44%	0.43%
Operating CF Growth %	0.6%	0.28%	-0.02%	0.75%	0.47%	0.73%	0.34%	0.23%	-0.2%	0.19%
Net Income	-925.35M	1.69B	1.81B	319.81M	-2.81B	-10.71B	8.64B	23.39B	14.11B	-7.04B
Depreciation & Amortization	1.42B	1.4B	1.4B	1.56B	8.05B	6.75B	7.08B	7.44B	7.32B	9.3B
Stock-Based Compensation	45.11M	2.81M	33.71M	131.61M	0	0	0	78.51M	0	0
Deferred Taxes	-452.22M	537.38M	229.44M	-741.08M	-1.66B	-7.11B	-536.57M	4.75B	3.5B	-7.43B
Other Non-Cash Items	1.15B	1.82B	720.49M	5.23B	3.53B	21.93B	4.85B	-11.7B	-9.96B	24.74B
Working Capital Changes	-936.09M	726.97M	35.89M	-1.33B	468.28M	2.26B	-2.39B	-2.32B	2.36B	1.04B
Change in Receivables	-824.88M	190.38M	-662.46M	-186.03M	1.23B	1.54B	-3.21B	-3.27B	1.49B	-904.2M
Change in Inventory	-275.56M	-39.3M	76.36M	-612.69M	873.42M	651.2M	-654.76M	-968M	-48.67M	-863.65M
Change in Payables	92.23M	-4.7M	63.24M	1.47M	-1.56B	140.48M	1.36B	1.53B	463M	2.16B
Cash from Investing+	-2.35B	-3.34B	-1.01B	-21.96B	-11.7B	-736.42M	-10.36B	-17.02B	-26.04B	-20.51B
Capital Expenditures	-1.46B	-2.32B	-1.78B	-2.42B	-2B	-1.5B	-2.15B	-14.84B	-11.67B	-16.37B
CapEx % of Revenue	0.14%	0.24%	0.17%	0.18%	0.08%	0.05%	0.05%	0.3%	0.29%	0.35%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	41.87M	35.23M	84.69M	-19.24B	-3.02B	-3.07B	-2.93B	-2.11B	-7.96B	-124.34M
Cash from Financing+	-2.48B	638.45M	-2.49B	20.04B	3.14B	-9.79B	-1.57B	-8.11B	7.8B	-83.77M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-269.94M	-299.93M	-570.57M	-210.21M	-606.63M	0	-9.68M	-4.15B	0	-1.62B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-251.65M	53.41M	-69.66M	-1.66B	-605.62M	-4.63B	-2.07B	174.34M	3.25B	-609.05M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	892.26M	678.84M	1.17B	2.75B	2.71B	8.23B	11.39B	6.8B	-241.59M	4.07B
FCF Margin %	0.09%	0.07%	0.11%	0.2%	0.1%	0.27%	0.28%	0.14%	-0.01%	0.09%
FCF Growth %	7.45%	-0.24%	0.72%	1.35%	-0.01%	2.04%	0.38%	-0.4%	-1.04%	17.85%
FCF per Share	0.82	0.62	1.07	2.51	2.01	6.10	8.44	5.11	-0.19	3.22
FCF Conversion (FCF/Net Income)	-2.54x	1.77x	1.63x	16.17x	-2.69x	-1.22x	2.04x	0.93x	1.23x	-2.91x
Interest Paid	0	0	0	0	0	0	0	0	0	5.24B
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.49%	17.5%	16.61%	2.7%	-34.11%	-362.99%	104.01%	96.74%	36.13%	-18.32%
Return on Invested Capital (ROIC)	10.38%	4.31%	10.79%	11.36%	6.2%	35.97%	26.72%	17.4%	8.17%	9.35%
Gross Margin	39.51%	33.5%	38.7%	48.51%	20.26%	37.73%	49.68%	50.19%	36.92%	42.19%
Net Margin	-9.05%	17.12%	17.18%	2.38%	-10.83%	-35.21%	21.06%	46.92%	35.43%	-14.92%
Debt / Equity	1.69x	1.38x	1.05x	2.97x	3.68x	10.52x	5.64x	2.43x	1.86x	3.34x
Interest Coverage	3.28x	1.73x	2.85x	4.19x	0.78x	9.85x	4.85x	4.84x	3.00x	3.20x
FCF Conversion	-2.54x	1.77x	1.63x	16.17x	-2.69x	-1.22x	2.04x	0.93x	1.23x	-2.91x
Revenue Growth	40.74%	-3.35%	6.46%	27.78%	93.5%	17.1%	34.49%	21.64%	-20.22%	19.24%

Revenue by Segment

	2023	2024
Total of products	-	47.4B
Total of products Growth	-	-
Market pulp	30.68B	37.59B
Market pulp Growth	-	22.55%
Printing and writing paper	7.57B	8.48B
Printing and writing paper Growth	-	12.04%
Paperboard	1.42B	1.27B
Paperboard Growth	-	-10.32%
Other products	93.92M	60.46M
Other products Growth	-	-35.62%

Revenue by Geography

	2023	2024
Asia	13.66B	15.79B
Asia Growth	-	15.56%
Europe	9B	12.25B
Europe Growth	-	36.07%
North America	6.16B	7.88B
North America Growth	-	27.95%
Central and South America	-	1.85B
Central and South America Growth	-	-
Africa	74.63M	62.73M
Africa Growth	-	-15.94%
South and Central America	2B	-
South and Central America Growth	-	-

Frequently Asked Questions

Growth & Financials

Suzano S.A. (SUZ) reported $51.18B in revenue for fiscal year 2024. This represents a 956% increase from $4.85B in 2011.

Suzano S.A. (SUZ) grew revenue by 19.2% over the past year. This is strong growth.

Yes, Suzano S.A. (SUZ) is profitable, generating $6.56B in net income for fiscal year 2024 (-14.9% net margin).

Dividend & Returns

Yes, Suzano S.A. (SUZ) pays a dividend with a yield of 13.19%. This makes it attractive for income-focused investors.

Suzano S.A. (SUZ) has a return on equity (ROE) of -18.3%. Negative ROE indicates the company is unprofitable.

Suzano S.A. (SUZ) generated $5.41B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.