Sylvamo Corp SLVM

MaterialsPaper & Forest ProductsUnited States of America

Last close 32.24 USD on Nov 1, 2026, −29.9% year to date

Quant rating

Quant rating C Rank 63 of 151 in Materials

Growth A 18 of 151
Valuation B 47 of 151
Quality B 30 of 151
Revisions C 82 of 151
Momentum D 114 of 151

Wall Street consensus Hold (2.67)Average target 48.00 USD +48.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.3B
Enterprise value: 2.1B
52-week range: 30.40 – 56.51
3-year range: 30.40 – 95.69
Dividend yield: 5.58%
Beta (5 years): 0.87
Shares outstanding: 39.8M
Next earnings: Nov 6, 2026

About the company

Sylvamo Corporation is an uncoated paper company. The Company produces uncoated freesheets (UFS) for paper products such as cut size and offset paper, as well as market pulp. It sells products directly to end users and converters, as well as through agents, resellers and paper distributors. It operates in three primary regions, including Europe, Latin America and North America. It offers copy and printer papers, commercial printing papers, converting papers, and specialty papers. Its brands include Accent Opaque, Chamequinho, Chamex, Hammermill, HP Papers, Multicopy, REY, and Williamsburg. Its converting paper products include bristols, envelopes, and forms. Its bristol products include 0%R File Folder, 0%R Food Grade Packaging, and 0%R High Yield Index. Its envelopes include Coin Wrap, DRM 0% PCW Postcard, and DRM 0%R Offset Smooth. Its form products include DRM Letter Smooth, DRM Letter Smth, and DRM Opaque Letter Smooth.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,351	3,773	3,721	3,628	2,828	–
Revenue growth	−11.2%	1.4%	2.6%	28.3%	18.6%	7.0%
EPS (basic, normalized)	3.54	7.42	6.51	7.84	6.94	–
EPS growth	−52.3%	14.0%	−17.0%	13.0%	–	–
Gross margin	21.9%	25.0%	24.6%	27.8%	24.2%	24.7%
Net margin	3.9%	8.0%	6.8%	9.3%	8.0%	7.2%
ROE	14.6%	34.6%	32.0%	78.1%	19.8%	35.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	123
Current ratio	1.47x
Long-term debt (mil)	843
Net debt (mil)	841
Total equity (mil)	955
Net debt / equity	0.88x
Net debt / EBITDA	1.88x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	3,351	−11.2%	0.6x	448	−29.4%	4.7x	3.54	−52.3%	9.1x
2026	3,254	−2.9%	0.7x	310	−30.8%	6.8x	1.30	−63.3%	24.8x
2027	3,382	+3.9%	0.6x	511	+64.6%	4.2x	4.91	+278.2%	6.6x
2028	3,355	−0.8%	0.6x	571	+11.9%	3.7x	5.99	+22.1%	5.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	3,254	−1.7%	−2.7%	−1.9%	1.30	−15.6%	−31.3%	−53.7%
2027	3,382	−2.4%	−0.9%	+0.2%	4.91	−5.9%	−6.2%	−16.0%
2028	3,355	−2.7%	+0.9%	+1.3%	5.99	−3.0%	+0.7%	−13.8%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	905	933	965	970	821	794	846	890	755	806
Sales mean (mil)	864	938	960	965	816	828	839	859	741	814
Surprise	+4.7%	−0.5%	+0.5%	+0.5%	+0.6%	−4.1%	+0.8%	+3.6%	+1.9%	−1.0%
EPS reported	1.07	1.98	2.44	1.96	0.68	0.37	1.44	1.08	−0.53	0.03
EPS mean	1.02	1.58	2.18	1.78	0.69	0.44	1.54	1.07	−0.28	0.27
Surprise	+4.4%	+25.3%	+11.8%	+10.1%	−1.0%	−15.9%	−6.5%	+0.9%	−86.0%	−89.0%

Peer comparison Paper & Forest Products

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SLVM Sylvamo Corp	1.3B	1.88x	3.9%	1.34x	24.8x	6.6x	6.8x	4.2x
SUZ Suzano SA	11.8B	–	–	–	5.9x	7.4x	–	–
SVCBY Svenska Cellulosa Aktiebolaget SCA	8.6B	–	–	–	–	–	–	–
WFG West Fraser Timber Co. Ltd.	5.1B	5.98x	−17.2%	0.96x	−16.4x	88.0x	26.7x	8.8x
LPX Louisiana-Pacific Corporation	5.1B	0.28x	5.4%	2.94x	67.4x	26.2x	18.9x	11.5x
SJ Stella-Jones Inc.	2.6B	2.28x	9.7%	1.67x	13.0x	10.9x	8.7x	7.9x
Mean		2.60x	0.5%	1.73x	18.9x	27.8x	15.3x	8.1x
Median		2.08x	4.7%	1.51x	13.0x	10.9x	13.8x	8.4x

Technical analysis

1M−6.6%
3M−16.0%
1Y−21.3%
3Y−17.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Sylvamo Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	3,351	3,773	3,721	3,628	2,828	2,385
Cost of revenue	2,616	2,830	2,806	2,619	2,143	1,929
Gross profit	735	943	915	1,009	685	456
Selling, general & administrative expenses	307	327	339	348	232	230
Research & development	–	–	–	–	–	–
Depreciation/amortization	140	128	143	106	109	123
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	11.0	13.0	30.0	–	–	–
Other operating expenses	39.0	31.0	0	19.0	17.0	12.0
Operating income	238	444	403	536	327	91.0
Net interest income (expense)	−39.0	−39.0	−34.0	−69.0	1.0	4.0
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	199	405	369	467	328	95.0
Provision for taxes	67.0	103	116	131	101	8.0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	132	302	253	336	227	87.0
Extraordinary items	–	0	0	−218	104	83.0
Net income	132	302	253	118	331	170
EBIT, normalized	252	448	471	576	305	91.0
EBITDA, normalized	431	607	614	701	431	226
Basic EPS, normalized	3.54	7.42	6.51	7.84	6.94	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Sylvamo Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	135	205	220	360	180	95.0
Receivables	443	455	455	480	519	621
Total inventory	418	361	404	364	342	342
Prepaid expenses	–	–	–	–	–	–
Other current assets	80.0	42.0	114	39.0	67.0	61.0
Total current assets	1,076	1,063	1,193	1,243	1,108	1,119
Property, plant & equipment	1,459	1,321	1,424	1,174	1,204	1,313
Goodwill	114	111	139	128	132	143
Intangibles	–	–	6.0	7.0	9.0	12.0
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	114	109	110	158	144	324
Total assets	2,763	2,604	2,872	2,710	2,597	2,911
Liabilities
Accounts payable	381	375	421	453	445	259
Payable/accrued	–	–	–	–	–	–
Accrued expenses	76.0	100	81.0	94.0	67.0	82.0
Short-term debt	87.0	20.0	26.0	26.0	38.0	2.0
Current portion of long-term debt	3.0	2.0	2.0	3.0	4.0	2.0
Other current liabilities	169	185	165	152	204	145
Total current liabilities	716	682	695	728	758	490
Long-term debt	763	782	931	1,003	1,358	22.0
Minority interest	–	–	–	–	–	–
Other liabilities	318	293	345	301	299	287
Total liabilities	1,797	1,757	1,971	2,032	2,415	799
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	46.0	45.0	45.0	44.0	44.0	–
Additional paid-in capital	89.0	71.0	48.0	25.0	4.0	–
Retained earnings (accumulated deficit)	2,514	2,455	2,222	2,029	1,935	–
Treasury stock	−330	−234	−158	−82.0	–	–
Other equity	−1,353	−1,490	−1,256	−1,338	−1,801	2,112
Total equity	966	847	901	678	182	2,112
Total liabilities & shareholders' equity	2,763	2,604	2,872	2,710	2,597	2,911

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Sylvamo Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	132	302	253	336	227	87.0
Depreciation, depletion & amortization	179	159	143	125	126	135
Deferred taxes	7.0	−7.0	0	−7.0	−6.0	−49.0
Non-cash items	29.0	23.0	23.0	40.0	140	129
Changes in working capital	−79.0	−8.0	85.0	−35.0	66.0	78.0
Cash from operations	268	469	504	459	553	380
Investing activities
Capital expenditures	–	–	–	–	–	–
Other investing cash flows	−224	−221	−377	180	127	−79.0
Cash from investing	−224	−221	−377	180	127	−79.0
Financing activities
Financing cash flow items	−17.0	−22.0	−12.0	−5.0	−1,961	−340
Cash dividends paid	−73.0	−62.0	−57.0	−10.0	–	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−35.0	−226	−150	−455	1,372	−10.0
Cash from financing	−125	−310	−219	−470	−589	−350
Foreign exchange effects	11.0	−13.0	12.0	32.0	−2.0	30.0
Net change in cash	−70.0	−75.0	−80.0	201	89.0	−19.0
Free cash flow	268	469	504	459	553	380

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.