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Brazilian company and the world's largest producer of market pulp, used to make paper, tissue and packaging.
Brazilian company and the world's largest producer of market pulp, used to make paper, tissue and packaging.
Sells most of its pulp in dollars to paper and tissue makers in China, Europe and North America at market prices, while its costs are mainly in reais, so exchange rates and pulp prices set margins. The 2019 merger with Fibria made it the largest market-pulp producer. The Feffer family remains the controlling shareholder.
Moat: narrow (cost advantage, scale). Low-cost, fast-growing Brazilian eucalyptus plantations give a structural cost edge over Northern Hemisphere pulp producers.
Headquarters: Salvador, Brazil · Founded: 1924 · Employees: 53,000
Size Suzano S.A. Sponsored ADR (SUZ) is a United States Materials company (Pulp & Paper) with a market value of $12.0B, the 696th largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.66 on 6 Nov 2026.
Performance Over six months the shares gained 8.9%, against +2.7% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 7 in its peer set.
Growth Revenue grew 0.9% over the last twelve months (peer median 0.0%); the operating margin is 18.8% (peer median 8.5%).
Valuation It trades at 16.9× forward earnings against a peer median of 17.8× (3rd cheapest of 7).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.6 points below its cost of capital (6.4% WACC).
Short interest Short interest is 1.1% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.04B | $8.97B | $8.79B | $7.96B | $9.65B |
| Revenue growth | — | +2% | +10% | -18% | — |
| Gross profit | $2.46B | $2.79B | $3.59B | $2.93B | $4.75B |
| EBITDA | $3.95B | $4.07B | $4.64B | $3.87B | $5.74B |
| Net income | $1.55B | $2.40B | -$1.31B | $2.82B | $4.53B |
| Free cash flow | $945M | $1.01B | $785M | -$18.4M | $1.34B |
| Capital expenditure | $2.25B | $2.25B | $3.07B | $3.52B | $2.87B |
| Total debt | $18.8B | $18.3B | $17.3B | $16.9B | $15.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Suzano S.A. Sponsored ADR SUZ | $12.0B | +9% | +1% | 19% | 16.9× | 3.2% |
| International Paper IP | $18.3B | +6% | +3% | 3% | 15.8× | 26.4% |
| UPM-Kymmene UPM.HE | $13.3B | -11% | -6% | 8% | 18.2× | 6.1% |
| Stora Enso STEAV.HE | $8.58B | 0% | -1% | -4% | 18.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SUZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.5% | +3.7% | highest of 7 |
| 6-month return | +8.9% | +2.7% | 3rd highest of 7 |
| Distance from 52-week high | -16.2% | -19.1% | 3rd highest of 7 |
| Revenue growth (TTM) | +0.9% | 0.0% | 4th highest of 7 |
| Operating margin | 18.8% | 8.5% | highest of 7 |
| Forward P/E | 16.9× | 17.8× | 3rd cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | 3.2% | 7.7% | 2nd least demanding of 6 |
| Growth delivered (Del g) | +8.7% | +4.9% | highest of 6 |
| Hurdle (Req g minus delivered) | -5.6 pp | +3.8 pp | least demanding of 6 |
| ROIC minus cost of capital | -0.6 pp | -2.4 pp | 3rd highest of 7 |
| EV / EBITDA | 6.5× | 11.9× | cheapest of 6 |
| Net debt / EBITDA | 3.5× | 2.4× | 2nd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzano S.A. Sponsored ADR SUZ | United States | $12.0B | +9% | +1% | 19% | 16.9× | 3.2% | +8.7% |
| UPM-Kymmene UPM.HE | Finland | $13.3B | -11% | -6% | 8% | 18.2× | 6.1% | +2.3% |
| Avery Dennison AVY | United States | $14.1B | +14% | +7% | 13% | 17.4× | 1.9% | +4.9% |
| Svenska Cellulosa AB SCA SCA-A.ST | Sweden | $8.72B | +21% | -3% | 6% | 33.7× | 30.3% | +2.1% |
| International Paper IP | United States | $18.3B | +6% | +3% | 3% | 15.8× | 26.4% | +6.1% |
| Shandong Sunpaper 002078.SZ | China | $6.02B | -4% | +9% | 11% | 10.4× | n/a | n/a |
| Holmen HOLM-A.ST | Sweden | $4.73B | -1% | -5% | 9% | 22.2× | 7.7% | +6.2% |