Sylvamo Corporation
- Open
- 37.87
- Day high
- 38.45
- Day low
- 37.36
- Prev close
- 37.80
- Volume
- 78K
- Mkt cap
- $1.5B
- P/E (TTM)
- 14.9
- EPS (TTM)
- $2.56
- P/B
- 1.6
- P/S
- 0.5
- Yield
- 1.18%
- Per share
- $0.45
- ▼Insiders net selling -$51K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Sylvamo Corporation (SLVM) is a Basic Materials company listed on NYSE. The stock is down 29% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Sylvamo Corporation (SLVM) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SLVM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 8, 2026 | $-0.25 | $-0.53 | -112.0% | $755M | +1.9% |
| Feb 12, 2026 | $1.05 | $1.08 | +2.9% | $890M | +10.1% |
| Nov 7, 2025 | $1.57 | $1.44 | -8.3% | $846M | -1.5% |
| Aug 8, 2025 | $0.47 | $0.37 | -21.3% | $794M | -7.2% |
| May 9, 2025 | $0.70 | $0.68 | -2.9% | $821M | +0.6% |
| Feb 12, 2025 | $1.84 | $1.94 | +5.4% | $970M | +12.4% |
| Aug 9, 2024 | $1.58 | $1.98 | +25.3% | $933M | -2.7% |
| May 10, 2024 | $1.02 | $1.07 | +4.9% | $905M | +4.7% |
| Feb 15, 2024 | $0.84 | $1.16 | +38.1% | $964M | +6.7% |
| Nov 9, 2023 | $1.34 | $1.70 | +26.9% | $897M | -0.9% |
| Feb 10, 2023 | $2.19 | $1.97 | -10.0% | $927M | -12.6% |
| Nov 10, 2022 | $2.64 | $2.51 | -4.9% | $968M | +6.6% |
SLVM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | Bruce Lizanne Mdirector | Sell | 1,230 | $41.70 |
| Jun 2, 2026 | Lawson Shawnofficer: SVP, General Manager Europe | Tax | 980 | $39.27 |
| Jun 2, 2026 | Ferguson Kevin Wofficer: VP, Controller,Chief Acct.Off. | Tax | 204 | $39.27 |
| Jun 2, 2026 | PETRATIS DAVID Ddirector | Grant | 10,207 | $38.70 |
| Jun 2, 2026 | Devlin Donald P.officer: SVP Chief Financial Officer | Tax | 813 | $39.27 |
| May 18, 2026 | Desmond Jeanmarie F.director | Grant | 3,876 | $38.70 |
| May 18, 2026 | Bruce Lizanne Mdirector | Grant | 3,876 | $38.70 |
| May 18, 2026 | Zallie James P.director | Grant | 3,876 | $38.70 |
| May 18, 2026 | Breves Christine Sdirector | Grant | 3,876 | $38.70 |
| May 18, 2026 | JOHNSON JOIA Mdirector | Grant | 3,876 | $38.70 |
| May 18, 2026 | PETRATIS DAVID Ddirector | Grant | 7,623 | $38.70 |
| Apr 30, 2026 | Breves Christine Sdirector | Grant | 28 | — |
| Apr 30, 2026 | Zallie James P.director | Grant | 28 | — |
| Apr 30, 2026 | Wilczynski Patrickofficer: SVP, Operational Excellence | Grant | 85 | — |
| Apr 30, 2026 | Breves Christine Sdirector | Grant | 60 | — |
Source: SLVM SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full SLVM insider & 13F page →Sylvamo Corporation company profile
Overview
Sylvamo Corporation (NYSE:SLVM) is a global manufacturer and supplier of printing and writing papers, established as an independent company in 2021 following its spin-off from International Paper Company. Though the company traces its operational roots back to 1898, Sylvamo emerged as a standalone entity to focus specifically on the uncoated freesheet paper market across three key regions: North America, Latin America, and Europe. Headquartered in Memphis, Tennessee, the company operates manufacturing facilities strategically positioned to serve regional markets while maintaining a significant presence in forestry operations, particularly in Brazil.
Business
Sylvamo operates in the paper manufacturing industry, specifically focusing on uncoated freesheet paper production and related pulp products. Uncoated freesheet is the technical term for standard printing and writing paper used in offices, schools, and commercial printing applications - essentially the white paper used in copy machines, printers, and notebooks that most people encounter daily. The company's core business revolves around three main product categories. Uncoated freesheet paper represents the primary offering, including cut-size paper (standard 8.5x11 inch sheets) and offset paper used in commercial printing. The company also produces market pulp, which includes bleached hardwood kraft pulp and bleached softwood kraft pulp - these are the raw fiber materials that serve as building blocks for various paper products. Additionally, Sylvamo manufactures specialty products such as liquid packaging board for beverage cartons and coated unbleached kraft papers for packaging applications. The business operates through three distinct geographical segments. North America generates approximately 26% of total revenue and produces around 975,000 tons of uncoated freesheet annually along with 115,000 tons of market pulp. Latin America contributes roughly 29% of revenue, manufacturing 1.1 million tons of uncoated freesheet and 165,000 tons of market pulp, with Brazil serving as the primary market. Europe accounts for about 20% of revenue, producing 765,000 tons of uncoated freesheet and 130,000 tons of market pulp through operations in France and Sweden. The company's manufacturing process begins with forestry operations, particularly extensive eucalyptus plantations in Brazil that provide a competitive advantage through vertical integration. Raw wood is processed into various types of pulp through chemical and mechanical processes, which is then converted into finished paper products through large-scale paper machines at manufacturing facilities.
Competitive moat
Sylvamo's competitive position relies on several defensive characteristics, though the company operates in a structurally declining industry that limits the strength of traditional economic moats. The company's most significant advantage stems from vertical integration in Brazil, where its 240,000 hectares of eucalyptus forestland provides cost advantages and supply security in a region with growing paper demand. This forestry asset creates meaningful barriers to entry, as establishing comparable forest operations requires substantial capital investment and decades of biological asset development. Geographic positioning and logistics advantages provide moderate protection, as paper is a relatively low-value, high-weight commodity where transportation costs create natural market boundaries. Sylvamo's manufacturing facilities are strategically located near key consumption centers, making it economically challenging for distant competitors to serve these markets profitably. The company's established distribution relationships and customer base also create switching costs, particularly for large volume buyers who value supply reliability. However, the company's moat faces significant challenges from structural industry decline as digitalization reduces demand for printing and writing papers by 3-7% annually in developed markets. This secular headwind limits pricing power and forces ongoing capacity rationalization across the industry. Commodity-like product characteristics mean that differentiation opportunities are limited, with competition primarily based on cost, quality consistency, and service reliability rather than unique product features. Potential disruption comes from several sources: continued acceleration of digital adoption could steepen demand declines, low-cost Asian producers may increase export volumes during periods of weak domestic demand, and environmental regulations could increase compliance costs or restrict forestry operations. Additionally, the company faces capital intensity challenges, as maintaining aging paper machines requires substantial ongoing investment while generating returns in a declining market. The assessment suggests Sylvamo possesses moderate defensive characteristics primarily through cost advantages and market positioning, but operates within an industry structure that fundamentally limits long-term moat strength. Success depends more on operational excellence and capital discipline than on sustainable competitive advantages.
Risks & safety
Sylvamo demonstrates a moderate margin of safety with improving financial metrics but faces industry-specific risks that warrant careful monitoring. **Liquidity and Solvency:** • Cash position of $154 million as of Q1 2025, down from $205 million in Q4 2024 • Current ratio of 1.64x indicates adequate short-term liquidity coverage • Net debt-to-EBITDA ratio of approximately 0.9x represents conservative leverage • Free cash flow turned negative at -$25 million in Q1 2025, primarily due to working capital timing and maintenance outages • Total debt-to-equity ratio of 0.90x shows reasonable capital structure **Valuation Metrics:** • Trading at 10.1x EV/EBITDA based on Q1 2025 run-rate, reasonable for a mature industrial company • P/E ratio of 25.4x appears elevated relative to earnings quality and industry prospects • Price-to-book ratio of 3.02x suggests limited asset-based downside protection • Graham number of $18.15 indicates current price significantly exceeds conservative valuation metrics **Additional Considerations:** • Substantial planned capital expenditures of $220-$240 million annually strain cash generation • Industry-wide demand declining 3-7% annually creates ongoing earnings pressure • Currency exposure to Brazilian real and Euro adds volatility to USD-reported results • Operational challenges at North American mills impacted Q1 2025 performance by approximately $10 million
Recent development
Over the past few years, Sylvamo has executed several strategic initiatives to adapt to the challenging paper industry environment. The company launched Project Horizon, a comprehensive cost reduction program that exceeded its initial $110 million annual savings target by $34 million, primarily through workforce optimization that eliminated approximately 150 salaried positions globally and operational efficiency improvements across all manufacturing facilities. Capacity rationalization has been a key strategic focus, with the company closing its Georgetown mill in North America by end of 2024, reducing regional uncoated freesheet capacity by 10% while retaining 100,000 tons of the most profitable product lines for transfer to other facilities. This closure represents part of an industry-wide supply rationalization trend that has helped maintain pricing discipline despite declining demand. The company has made significant capital investments to modernize operations and improve competitiveness. Major projects at the Eastover mill include a $100 million paper machine optimization, a $45 million cutsize sheeter replacement, and a strategic partnership with The Price Companies for woodyard modernization that avoids $75 million in direct capital expenditure. In Europe, Sylvamo is investing in a new winder at the Saillat mill to enter specialty roll segments and targeting 10% wood cost reductions at the Nymolla mill in Sweden. Financial discipline has been consistently emphasized, with the company reducing net debt by almost 50% since 2022 and maintaining a commitment to return at least 40% of free cash flow to shareholders through dividends and share repurchases. The company returned $130 million to shareholders in 2024 and $40 million in Q1 2025 alone. Leadership transition is underway with current CEO Jean-Michel Ribiéras retiring at the end of 2025, to be succeeded by John Sims on January 1, 2026, while Don Devlin has been named as the new CFO. This planned succession aims to ensure continuity in strategic execution during the industry transition period.
SLVM company profile · for informational purposes only — not investment advice.
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