Suzano S.A. (SUZ) Financial Ratios
21 years of historical data (2005–2025) · Basic Materials · Paper, Lumber & Forest Products
EV/EBITDA
↑
6.44
↑+61% vs avg
5yr avg: 4.00
30Y Low1.9·High12.0
P/FCF
↑
9.43
↑+354% vs avg
5yr avg: 2.08
30Y Low1.3·High41.2
P/B Ratio
↓
1.20
↑+158% vs avg
5yr avg: 0.46
30Y Low0.2·High10.7
ROE
↓
34.4%
↑-32% vs avg
5yr avg: 50.6%
30Y Low-363%·High104%
Debt/EBITDA
↑
4.77
↑+22% vs avg
5yr avg: 3.91
30Y Low1.0·High14.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SUZ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Suzano S.A. trades at 4.0x earnings, 285% above its 5-year average of 1.0x, sitting at the 70th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.4x, the stock trades at a discount of 83%. On a free-cash-flow basis, the stock trades at 9.4x P/FCF, 354% above the 5-year average of 2.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.1B | $11.6B | $12.8B | $14.7B | $12.3B | $14.6B | $15.1B | $13.3B | $10.8B | $6.6B | $4.7B |
| Enterprise Value | $27.8B | $102.6B | $112.2B | $89.8B | $83.5B | $86.5B | $28.6B | $29.0B | $42.2B | $17.7B | $17.1B |
| P/E Ratio → | 3.99 | 0.88 | — | 1.05 | 0.53 | 1.69 | — | — | 34.14 | 3.61 | 2.80 |
| P/S Ratio | 1.07 | 0.24 | 0.27 | 0.37 | 0.25 | 0.36 | 0.50 | 0.51 | 0.81 | 0.62 | 0.47 |
| P/B Ratio | 1.20 | 0.26 | 0.39 | 0.33 | 0.37 | 0.96 | 10.68 | 2.95 | 0.90 | 0.56 | 0.46 |
| P/FCF | 9.43 | 2.08 | 3.14 | — | 1.81 | 1.28 | 1.83 | 4.90 | 3.95 | 5.61 | 6.89 |
| P/OCF | 2.94 | 0.65 | 0.62 | 0.85 | 0.57 | 0.83 | 1.15 | 1.75 | 2.10 | 2.23 | 1.56 |
P/E links to full P/E history page with 30-year chart
SUZ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Suzano S.A.'s enterprise value stands at 6.4x EBITDA, 61% above its 5-year average of 4.0x. The Basic Materials sector median is 11.0x, placing the stock at a 41% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.09 | 2.37 | 2.26 | 1.68 | 2.11 | 0.94 | 1.12 | 3.14 | 1.68 | 1.73 |
| EV / EBITDA | 6.44 | 4.61 | 4.57 | 4.60 | 2.82 | 3.42 | 1.88 | 2.72 | 6.41 | 3.79 | 6.28 |
| EV / EBIT | 12.80 | 9.16 | 7.69 | 4.07 | 2.55 | 6.88 | — | — | 35.19 | 5.64 | 4.89 |
| EV / FCF | — | 18.47 | 27.56 | — | 12.28 | 7.59 | 3.48 | 10.72 | 15.36 | 15.11 | 25.15 |
SUZ Profitability
Margins and return-on-capital ratios measuring operating efficiency
Suzano S.A. earns an operating margin of 22.8%, above the Basic Materials sector average of 10.3%. Operating margins have compressed from 30.7% to 22.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 34.4% is exceptionally high. ROIC of 6.3% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.1% | 31.1% | 42.2% | 36.9% | 50.2% | 49.7% | 37.7% | 20.3% | 48.5% | 38.7% | 33.5% |
| Operating Margin | 22.8% | 22.8% | 33.1% | 30.7% | 44.6% | 44.4% | 27.7% | 10.1% | 37.3% | 31.0% | 13.3% |
| Net Profit Margin | 26.8% | 26.8% | -14.9% | 35.4% | 46.9% | 21.1% | -35.2% | -10.8% | 2.4% | 17.2% | 17.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 34.4% | 34.4% | -18.3% | 36.1% | 96.7% | 104.0% | -363.0% | -34.1% | 2.7% | 16.6% | 17.5% |
| ROA | 7.9% | 7.9% | -4.6% | 10.2% | 18.5% | 12.5% | -48.8% | -7.2% | 0.8% | 6.2% | 5.9% |
| ROIC | 6.3% | 6.3% | 9.4% | 8.2% | 17.4% | 26.7% | 36.0% | 6.2% | 11.4% | 10.8% | 4.3% |
| ROCE | 7.6% | 7.6% | 11.6% | 9.9% | 19.7% | 29.0% | 42.7% | 7.6% | 13.8% | 12.9% | 5.2% |
SUZ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Suzano S.A. carries a Debt/EBITDA ratio of 4.8x, which is highly leveraged (96% above the sector average of 2.4x). Net debt stands at $91.1B ($106.2B total debt minus $15.2B cash). Interest coverage of just 1.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.42 | 2.42 | 3.34 | 1.86 | 2.43 | 5.64 | 10.52 | 3.68 | 2.97 | 1.05 | 1.38 |
| Debt / EBITDA | 4.77 | 4.77 | 4.41 | 4.27 | 2.72 | 3.39 | 0.98 | 1.55 | 5.43 | 2.61 | 5.15 |
| Net Debt / Equity | — | 2.07 | 3.07 | 1.68 | 2.15 | 4.74 | 9.58 | 3.50 | 2.61 | 0.96 | 1.22 |
| Net Debt / EBITDA | 4.09 | 4.09 | 4.05 | 3.84 | 2.40 | 2.85 | 0.89 | 1.48 | 4.76 | 2.38 | 4.56 |
| Debt / FCF | — | 16.38 | 24.41 | — | 10.48 | 6.31 | 1.65 | 5.82 | 11.41 | 9.50 | 18.26 |
| Interest Coverage | 1.71 | 1.71 | 2.97 | 5.41 | 7.13 | 3.36 | -16.20 | -0.44 | 1.00 | 2.74 | 4.58 |
SUZ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Suzano S.A.'s current ratio of 3.19x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.59x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.61x to 3.19x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.19 | 3.19 | 1.72 | 2.61 | 2.56 | 2.95 | 2.20 | 1.65 | 5.08 | 1.83 | 2.10 |
| Quick Ratio | 2.59 | 2.59 | 1.40 | 2.20 | 2.17 | 2.55 | 1.70 | 1.22 | 4.78 | 1.51 | 1.75 |
| Cash Ratio | 1.82 | 1.82 | 0.90 | 1.43 | 1.18 | 1.83 | 1.11 | 0.82 | 4.21 | 0.73 | 0.96 |
| Asset Turnover | — | 0.29 | 0.29 | 0.28 | 0.37 | 0.34 | 1.55 | 1.07 | 0.25 | 0.37 | 0.34 |
| Inventory Turnover | 4.11 | 4.11 | 3.44 | 4.22 | 4.33 | 4.45 | 24.31 | 17.18 | 3.74 | 5.34 | 5.00 |
| Days Sales Outstanding | — | 66.57 | 78.87 | 71.03 | 74.45 | 61.47 | 9.37 | 15.24 | 68.88 | 79.72 | 79.81 |
SUZ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Suzano S.A. returns 4.5% to shareholders annually — split between a 4.1% dividend yield and 0.4% buyback yield. The payout ratio of 16.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 25.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | 18.7% | 12.7% | — | 33.8% | 0.1% | — | 4.6% | 1.9% | 8.7% | 6.4% |
| Payout Ratio | 16.5% | 16.5% | — | — | 17.8% | 0.1% | — | — | 65.8% | 31.6% | 17.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 25.1% | 113.8% | — | 95.5% | 190.2% | 59.2% | — | — | 2.9% | 27.7% | 35.7% |
| FCF Yield | 10.6% | 48.0% | 31.8% | — | 55.3% | 78.2% | 54.5% | 20.4% | 25.3% | 17.8% | 14.5% |
| Buyback Yield | 0.4% | 1.6% | 21.9% | 6.0% | 15.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100.0% |
| Total Shareholder Yield | 4.5% | 20.3% | 34.6% | 6.0% | 49.3% | 0.1% | 0.0% | 4.6% | 1.9% | 8.7% | 100.0% |
| Shares Outstanding | — | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.1B | $1.1B | $1.1B |
Peer Comparison
Compare SUZ with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SUZYou | $10B | 4.0 | 6.4 | 9.4 | 31.1% | 22.8% | 34.4% | 6.3% | 4.8 |
 IP | $20B | -5.5 | 1390.0 | — | 29.5% | -11.3% | -30.6% | -11.3% | 514.4 |
 PKG | $21B | 27.3 | 13.0 | 28.7 | 21.0% | 14.0% | 17.1% | 12.6% | 2.3 |
 CLW | $253M | -12.6 | 6.0 | — | 7.4% | 1.2% | -2.4% | 1.2% | 3.8 |
 MERC | $52M | -0.1 | — | — | -3.6% | -9.7% | -200.0% | -8.5% | — |
 GPK | $3B | 6.8 | 5.9 | — | 18.7% | 10.1% | 14.0% | 7.7% | 4.0 |
 SON | $5B | 12.7 | 7.7 | 12.7 | 20.9% | 9.5% | 13.4% | 6.2% | 3.9 |
 SEE | $6B | 12.3 | 14.3 | 13.5 | 29.8% | 13.5% | 54.3% | 11.2% | 5.9 |
 SLVM | $2B | 12.0 | 5.3 | 35.0 | 21.9% | 7.4% | 14.6% | 11.9% | 2.0 |
 ATR | $8B | 20.4 | 11.1 | 25.8 | 29.6% | 13.6% | 15.1% | 10.7% | 1.9 |
 WY | $17B | 53.9 | 23.2 | 198.7 | 7.5% | 6.7% | 3.4% | 2.4% | 5.7 |
| Basic Materials Median | — | 23.4 | 11.0 | 28.7 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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SUZ — Frequently Asked Questions
Quick answers to the most common questions about buying SUZ stock.
What is Suzano S.A.'s P/E ratio?
Suzano S.A.'s current P/E ratio is 4.0x. The historical average is 11.5x. This places it at the 70th percentile of its historical range.
What is Suzano S.A.'s EV/EBITDA?
Suzano S.A.'s current EV/EBITDA is 6.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.3x.
What is Suzano S.A.'s ROE?
Suzano S.A.'s return on equity (ROE) is 34.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -2.8%.
Is SUZ stock overvalued?
Based on historical data, Suzano S.A. is trading at a P/E of 4.0x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Suzano S.A.'s dividend yield?
Suzano S.A.'s current dividend yield is 4.12% with a payout ratio of 16.5%.
What are Suzano S.A.'s profit margins?
Suzano S.A. has 31.1% gross margin and 22.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Suzano S.A. have?
Suzano S.A.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.