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Suzano Papel E Celulose (SUZ)
NYSE:SUZ

Suzano Papel e Celulose SA (SUZ) AI Stock Analysis

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SUZ

Suzano Papel e Celulose SA

(NYSE:SUZ)

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Neutral 62 (OpenAI - 5.2)
Rating:62Neutral
Price Target:
$10.50
▲(18.11% Upside)
Suzano Papel e Celulose SA's overall stock score reflects strong profitability and operational efficiency, balanced by challenges in revenue growth and high leverage. The valuation is attractive with a reasonable P/E ratio and solid dividend yield. The earnings call provided positive insights into operational improvements, although market conditions and leverage remain concerns. Technical analysis indicates a bearish trend, which slightly dampens the overall outlook.
Positive Factors
Global market pulp leadership
Suzano’s scale as a leading global pulp producer and diversified paper portfolio supports durable revenue resilience. Large integrated capacity, long-term contracts and geographic diversification reduce single-market exposure and underpin bargaining power with customers and suppliers over multi-year cycles.
High and sustainable margins
Robust gross, net and EBITDA margins indicate structural cost competitiveness and processing efficiency. High margin profile allows the company to generate excess operating cash, fund investments and absorb price cycles, supporting long-term profitability even during lower price environments.
Balance sheet strengthening via capitalization
A BRL 5bn capital increase through reserves improves equity base without dilution, directly bolstering solvency metrics. This structural move enhances financial flexibility for deleveraging, supports planned capex and reduces refinancing risk across multi-year planning horizons.
Negative Factors
High leverage
Significant leverage raises refinancing and interest rate vulnerability, limiting strategic optionality. In cyclical pulp markets, elevated debt amplifies earnings volatility and constrains ability to invest or accelerate deleveraging during prolonged low-price periods, pressuring long-term stability.
Declining revenue growth
A material slowdown in top-line growth signals structural demand or pricing headwinds that can erode scale benefits. Persistently weaker revenue hampers margin leverage, slows cash generation needed for capex and deleveraging, and raises execution risk for strategic expansion plans.
Free cash flow deterioration
A notable drop in free cash flow growth limits internal funding for investments, dividends and debt reduction. Even with healthy operating cash to net income, declining FCF constrains flexibility to execute capacity expansion and deleveraging plans without increasing leverage or cutting strategic spend.

Suzano Papel e Celulose SA (SUZ) vs. SPDR S&P 500 ETF (SPY)

Suzano Papel e Celulose SA Business Overview & Revenue Model

Company DescriptionSuzano 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.
How the Company Makes MoneySuzano generates revenue primarily through the sale of its pulp and paper products. The company benefits from a diversified revenue model that includes the production and sale of market pulp, which is sold to various industries, such as textile and paper manufacturing. Additionally, Suzano produces a variety of paper products, including packaging, printing, and writing papers, which are sold to consumers and businesses. The company has established strong partnerships and long-term contracts with major players in the market, enhancing its revenue stability. Factors contributing to its earnings include global demand for sustainable and renewable products, operational efficiencies, and the strategic expansion of its production capacity.

Suzano Papel e Celulose SA Earnings Call Summary

Earnings Call Date:Nov 06, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 10, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted Suzano's operational improvements and strategic focus on cost reduction, achieving positive EBITDA in key areas. However, challenges in market conditions, pricing pressures, and increased leverage present ongoing concerns.
Q3-2025 Updates
Positive Updates
Pine Bluff Positive EBITDA
Pine Bluff achieved its first positive EBITDA result for the quarter, indicating a successful turnaround and ongoing positive trend.
Reduction in Cash Costs
Suzano continued to reduce its cash costs, maintaining a focus on efficiency and productivity to manage operational disbursements.
Record Sales Volumes in Paper and Packaging
The Paper and Packaging business unit achieved the highest quarterly volume in history, despite challenging market conditions.
Improved Cash Costs Performance
Cash costs decreased by 4% compared to the previous quarter, driven by lower wood costs and operational efficiencies.
Suzano Packaging's First Positive EBITDA
Suzano Packaging achieved its first positive quarterly EBITDA, marking a significant improvement in operations.
Negative Updates
Pulp Price Decline
Pulp prices in China fell below $500, triggering market turbulence, although subsequent increases were announced but not yet realized.
Currency and Pricing Pressures
The company faced lower prices in export markets and unfavorable exchange rates, impacting EBITDA negatively.
Challenging Market Conditions
Continued negative effects of economic headwinds and trade war uncertainties affected demand in Europe and other markets.
Debt and Leverage
Leverage increased to 3.3x due to declining EBITDA, although net debt remained stable.
Company Guidance
In the third quarter of 2025, Suzano reported several key metrics indicating positive trends and strategic focuses. The company achieved its first positive EBITDA for the Pine Bluff business, marking a significant turnaround. Suzano emphasized its ongoing efforts to reduce cash costs, which it plans to maintain over the next two years to enhance efficiency and productivity. The company highlighted a focus on deleveraging, even amidst low price cycles, and maintaining operational disbursement reductions as a top priority. In the Paper and Packaging segment, Suzano achieved strong sales volumes, recording the highest quarterly volume in its history, despite challenging market conditions. The EBITDA for this segment reached BRL 542 million, representing an 11% increase quarter-over-quarter. Suzano's leverage in dollar terms was at 3.3x, with a stable net debt and an average cost of debt at 5%. The company reiterated its 2025 CapEx guidance of BRL 13.3 billion, indicating a significant investment focus while maintaining a cautious approach to market conditions.

Suzano Papel e Celulose SA Financial Statement Overview

Summary
Suzano Papel e Celulose SA shows strong profitability and operational efficiency with healthy profit margins and return on equity. However, challenges include declining revenue growth and high leverage, which could impact financial stability. Cash flow generation is solid, but the decline in free cash flow growth is a concern.
Income Statement
65
Positive
Suzano Papel e Celulose SA's income statement shows mixed results. The TTM (Trailing-Twelve-Months) data indicates a decline in revenue growth rate by 23.5%, suggesting challenges in maintaining sales momentum. However, the company maintains a healthy gross profit margin of 37.7% and a net profit margin of 15.3%, indicating efficient cost management. The EBIT and EBITDA margins are strong at 16.4% and 36.6%, respectively, showcasing operational efficiency. Despite these strengths, the negative revenue growth is a concern.
Balance Sheet
55
Neutral
The balance sheet reflects a high debt-to-equity ratio of 2.28, indicating significant leverage, which poses a risk in volatile market conditions. However, the return on equity (ROE) is solid at 20.2%, suggesting effective use of equity to generate profits. The equity ratio stands at 27.4%, indicating a moderate level of equity financing. Overall, while profitability is strong, the high leverage is a potential risk.
Cash Flow
60
Neutral
Cash flow analysis reveals a decline in free cash flow growth by 9.75% in the TTM period, which could impact future investments and debt servicing. The operating cash flow to net income ratio is healthy at 1.60, indicating strong cash generation relative to net income. The free cash flow to net income ratio is 0.30, showing a reasonable conversion of earnings into cash. Despite the decline in free cash flow growth, cash generation remains robust.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue51.18B47.40B39.76B49.83B40.97B30.46B
Gross Profit17.63B20.00B14.68B25.01B20.35B11.49B
EBITDA30.51B23.46B29.40B40.18B19.67B-7.13B
Net Income6.56B-7.07B14.08B23.38B8.63B-10.72B
Balance Sheet
Total Assets164.42B165.94B143.59B133.20B118.98B19.60B
Cash, Cash Equivalents and Short-Term Investments23.57B21.99B21.17B17.05B21.10B1.74B
Total Debt99.81B108.41B83.42B80.76B85.52B14.85B
Total Liabilities119.16B133.52B98.78B100.03B103.80B18.19B
Stockholders Equity45.12B32.28B44.69B33.06B15.08B1.39B
Cash Flow
Free Cash Flow5.41B4.07B-241.59M6.80B11.39B8.23B
Operating Cash Flow19.00B20.60B17.32B21.64B17.64B13.12B
Investing Cash Flow-10.59B-20.51B-26.04B-17.02B-10.36B-736.42M
Financing Cash Flow2.03B-83.77M7.80B-8.11B-1.57B-9.79B

Suzano Papel e Celulose SA Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price8.89
Price Trends
50DMA
9.25
Positive
100DMA
9.12
Positive
200DMA
9.14
Positive
Market Momentum
MACD
0.12
Positive
RSI
44.88
Neutral
STOCH
30.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SUZ, the sentiment is Neutral. The current price of 8.89 is below the 20-day moving average (MA) of 9.60, below the 50-day MA of 9.25, and below the 200-day MA of 9.14, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 44.88 is Neutral, neither overbought nor oversold. The STOCH value of 30.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SUZ.

Suzano Papel e Celulose SA Risk Analysis

Suzano Papel e Celulose SA disclosed 45 risk factors in its most recent earnings report. Suzano Papel e Celulose SA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Suzano Papel e Celulose SA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
$1.93B11.2318.81%3.51%-8.92%-32.30%
68
Neutral
$6.02B19.289.78%1.53%-3.90%-25.97%
62
Neutral
$11.75B9.8914.56%1.96%6.65%47.88%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
59
Neutral
$5.83B27.0112.75%1.37%-3.26%-46.80%
58
Neutral
$658.91M-1.50-68.33%3.26%0.39%-505.56%
47
Neutral
$269.76M-1.69-10.47%-21.76%-1214.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SUZ
Suzano Papel e Celulose SA
9.37
-1.27
-11.94%
CLW
Clearwater Paper
16.82
-14.04
-45.50%
LPX
Louisiana-Pacific
83.74
-32.57
-28.00%
MATV
Mativ Holdings
12.05
3.43
39.86%
UFPI
UFP Industries
103.28
-10.43
-9.17%
SLVM
Sylvamo Corp
48.94
-26.13
-34.81%

Suzano Papel e Celulose SA Corporate Events

Suzano Sets Date for 2026 Annual General Meeting on April 23
Jan 12, 2026

On January 12, 2026, Suzano S.A. informed shareholders and the market that its next Annual General Meeting is scheduled to take place on April 23, 2026, in line with the company’s previously published corporate events calendar. The notice underscores the company’s adherence to Brazilian securities regulation regarding shareholder communication and signals the formal start of its 2026 AGM cycle, with detailed materials and information to be disclosed closer to the meeting date in accordance with applicable law.

The most recent analyst rating on (SUZ) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano Board Tightens Governance with Updated Anti-Corruption and Ethics Policies
Dec 29, 2025

On December 16, 2025, Suzano S.A.’s Board of Directors met via videoconference, with all directors present, alongside senior executives including the company’s president and the executive vice-president of finance and investor relations. At this meeting, the board unanimously approved revisions to Suzano’s Anti-Corruption Policy and its Code of Ethics and Conduct, following favorable recommendations from the Statutory Audit Committee and the Management and Finance Committee. These updates signal a continued strengthening of the company’s governance and compliance framework, underscoring management’s emphasis on ethical standards and internal controls that are relevant to investors, regulators and other stakeholders.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Announces Strategic Pulp Capacity Expansion Plans
Dec 11, 2025

On December 11, 2025, Suzano S.A. announced its strategic focus on expanding pulp capacity in Latin America and Asia, with an emphasis on accelerating new integrated capacity in China. The company aims to enhance competitiveness and drive value creation amidst a challenging market landscape characterized by wood cost pressures and low EBITDA margins. Suzano’s strategy includes deleveraging, extracting value from previous capital allocations, and accelerating its fiber-to-fiber strategy, which is expected to impact the market significantly over the next few years.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Updates Long-term Pulp Business Expenditure Estimates
Dec 11, 2025

On December 11, 2025, Suzano S.A. announced its updated long-term estimates for operational expenditure in its pulp business, projecting a total operational expenditure of R$1,983 per tonne by 2027. This estimate includes costs related to pulp production, logistics, selling, administrative expenses, and maintenance capex. The update reflects adjustments for inflation, exchange rate variations, and operational cost management initiatives, highlighting Suzano’s strategic focus on enhancing structural competitiveness. The announcement underscores Suzano’s commitment to transparency with stakeholders and its proactive approach to maintaining competitiveness in the industry.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Declares BRL 1.38 Billion Interim Dividends
Dec 11, 2025

On December 10, 2025, Suzano S.A. announced that its Board of Directors approved the distribution of interim dividends totaling BRL 1.38 billion, equating to BRL 1.11658725 per share. These dividends, derived from retained earnings as of September 30, 2025, will contribute to the mandatory dividend for the fiscal year ending December 31, 2025. Payment is scheduled for February 4, 2026, with shares trading ‘ex-dividend’ from December 19, 2025. This decision underscores Suzano’s commitment to returning value to its shareholders and may impact its market positioning positively.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Approves BRL 5 Billion Capital Increase
Dec 11, 2025

On December 10, 2025, Suzano S.A. announced a significant capital increase of BRL 5 billion, approved by its Board of Directors. This increase is achieved through the capitalization of existing reserves, aiming to optimize the company’s equity structure and strengthen its financial position without issuing new shares. The move is expected to enhance Suzano’s financial stability, benefiting stakeholders by maintaining the existing shareholding structure and avoiding dilution.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Boosts Share Capital by BRL 5 Billion
Dec 11, 2025

On December 10, 2025, Suzano S.A.’s Board of Directors approved a significant increase in the company’s share capital by BRL 5 billion through the capitalization of profit reserves, without issuing new shares. This strategic move aims to strengthen Suzano’s financial position, potentially enhancing its market competitiveness and providing a robust foundation for future growth. The decision reflects the company’s commitment to leveraging its financial reserves to bolster its capital structure, which may have positive implications for stakeholders and investors.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Announces Interim Dividend Distribution
Dec 11, 2025

On December 10, 2025, Suzano S.A.’s Board of Directors approved the distribution of interim dividends totaling BRL 1.38 billion, equivalent to BRL 1.11658725 per share, from retained earnings as of September 30, 2025. The payment is scheduled for February 4, 2026, with shares trading ‘ex-dividends’ from December 19, 2025. This decision reflects Suzano’s commitment to returning value to its shareholders and may enhance its attractiveness to investors.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Announces 2026 CAPEX Reduction
Dec 10, 2025

On December 9, 2025, Suzano S.A. announced its capital expenditure estimates for the fiscal years 2025 and 2026, maintaining a total of R$13.3 billion for 2025 and approving R$10.9 billion for 2026. The reduction in 2026’s CAPEX is attributed to decreased forestry maintenance expenses and lower investment intensity in modernization projects. This strategic financial planning is expected to bolster Suzano’s long-term competitiveness and operational efficiency, particularly in its forestry base expansion and modernization efforts.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Approves 2026 Annual Budget
Dec 10, 2025

On December 9, 2025, Suzano S.A.’s Board of Directors convened to approve the company’s Annual Budget for the fiscal year 2026. The meeting, chaired by David Feffer, resulted in a unanimous decision to authorize the proposed budget, allowing the Vice-Presidency to proceed with planned investments and expenditures. This strategic move is expected to enhance Suzano’s operational efficiency and strengthen its market position.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Reports Q3 2025 Results with Cost Reductions and Market Expansion
Nov 7, 2025

In its third-quarter 2025 report, Suzano S.A. highlighted a decrease in cash production costs and an increase in sales volumes across all markets, including a positive performance from its US operations. The company reported a slight increase in leverage due to lower last twelve months EBITDA, but extended its average debt term without additional costs. Suzano continues to focus on deleveraging and enhancing competitiveness, with future plans including the start of a new tissue mill in Aracruz and ongoing improvements in its US packaging operations.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Reports Strong Financial Performance for Nine-Month Period Ending September 2025
Nov 6, 2025

Suzano S.A. has released its unaudited condensed consolidated interim financial information for the nine-month period ending September 30, 2025. The report highlights a substantial increase in cash and cash equivalents, rising from R$9,018,818 at the end of 2024 to R$15,838,866 by September 2025, indicating strong financial health and liquidity. This financial performance underscores Suzano’s robust position in the industry, potentially benefiting stakeholders by enhancing the company’s operational capabilities and market competitiveness.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Suzano S.A. Reports Strong Sales Growth Despite Market Challenges in Q3 2025
Nov 6, 2025

On November 6, 2025, Suzano S.A. announced its consolidated results for the third quarter of 2025, highlighting a significant increase in both pulp and paper sales compared to the same period last year. Despite a challenging market environment with declining average net prices for pulp, the company achieved a 20% increase in pulp sales and a 21% increase in paper sales. However, the adjusted EBITDA for both segments showed a decline compared to the previous year, reflecting the impact of lower prices and increased operational costs. Suzano’s operational efficiency led to a reduction in cash costs, and the company maintained a strong free cash flow yield and return on invested capital, indicating resilience in its financial performance.

The most recent analyst rating on (SUZ) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Suzano Papel e Celulose SA stock, see the SUZ Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 13, 2025