Sylvamo Corp (SLVM) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+180.9%

$93.17

vs $33.17 price

Levered DCF

$120.15

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.11

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	14.64×	10.75×	8.16×	18.13×	3.71×	6.49×	2.92×	2.64×
P/B	2×	3.83×	2.29×	3.15×	6.74×	0.52×	0.44×	0×
P/S	0.58×	0.86×	0.55×	0.59×	0.43×	0.46×	0.27×	0.27×
EV / EBITDA	6.26×	6.23×	4.9×	4.35×	5.08×	4.61×	1.49×	0×
Gross margin	21.9%	24.9%	24.5%	27.8%	24.2%	19.1%	34.3%	36.4%
Operating margin	7.4%	11.8%	10.8%	14.8%	11.6%	3.8%	12.4%	13.8%
Net margin	3.9%	8.0%	6.8%	3.3%	11.7%	7.1%	9.4%	10.2%
Current ratio	1.5×	1.56×	1.72×	1.71×	1.46×	2.28×	2.4×	0×
Debt / equity	0.88×	0.95×	1.06×	1.52×	7.68×	0.03×	0.03×	0×
Interest coverage	5.53×	8.38×	6.72×	6.96×	10.55×	22.75×	124.75×	0×
Dividend yield	3.8%	1.9%	2.8%	0.5%	0.0%	0.0%	0.0%	0.0%
Payout ratio	55.3%	20.5%	22.5%	8.5%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.7%	35.7%	28.1%	17.4%	181.9%	8.0%	15.0%	0.0%
Return on invested capital	7.7%	17.0%	12.5%	19.2%	12.0%	3.4%	12.9%	0.0%
Return on assets	4.8%	11.6%	8.8%	4.4%	12.7%	5.8%	10.9%	0.0%
Free cash flow yield	2.3%	7.6%	14.2%	13.5%	39.1%	25.8%	36.8%	39.7%
Earnings yield	6.8%	9.3%	12.3%	5.5%	27.0%	15.4%	34.2%	37.9%
Enterprise value	$2.6B	$3.8B	$2.8B	$2.8B	$2.5B	$1.1B	$1B	$0
Net debt / EBITDA	1.7×	0.97×	1.29×	1.04×	2.55×	-0.1×	-0.09×	0×
Cash conversion cycle (days)	53	42	42	36	37	111	83	0