Sylvamo (SLVM)
Produces office, commercial print, and converting papers across mills in North America, Brazil, and Europe.
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Uncoated freesheet paper — office copy, commercial print, and converting grades — made across mills in North America, Latin America, and Europe under brands including Hammermill, Chamex, and Multicopy. Carved out of International Paper in 2021, the business allocates free cash flow to dividends and buybacks rather than capacity growth.
Spun off from International Paper in 2021, the company produces uncoated freesheet paper — office copy, commercial print, and converting grades — across mills in North America, Latin America, and Europe. Heritage brands include Hammermill in North America, Chamex in Brazil, and REY and Multicopy in Europe.
North America accounts for most revenue, served by owned mills in New York and South Carolina plus offtake agreements with former parent mills in Alabama and South Carolina. Brazil's mills hold a structural cost advantage through roughly 250,000 acres of certified eucalyptus forestland owned or managed by the company.
Uncoated freesheet is a structurally declining end market; the business is run as a cash-return vehicle, directing capital to dividends and share buybacks rather than capacity expansion. Volume depends on demand for printing and writing paper in offices, schools, and commercial print shops.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 16, 2026 | Wells Fargo | Initiate | Rating: —Target: — | Target: $47 |
| Aug 10, 2026 | Truist Financial | Target | Target: $51 | Target: $49 |
| Jul 15, 2026 | Truist Financial | Target | Target: — | Target: $51 |
| Jul 14, 2026 | Bank of America Securities | Downgrade | ||
| Apr 16, 2026 | RBC Capital | Target | Target: $53 | Target: $50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $123.0M · Total debt $964.0M · Total assets $2.88B · Shareholders' equity $955.0M
- Revenue
- $806.0M
- Operating income
- $14.0M
- Net income
- −$11.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 102.12% | 40.60M shares | |
|---|---|---|---|
| 340 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.65% | 654.8K shares | |
| 20 holders · as of Sep 2, 2026 | |||
| Strategic holders | 17.42% | 6.93M shares | |
| 2 holders · as of Nov 24, 2025 | |||
| Adds to | 121.19% | ||
39.76M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 121.19%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Atlas FRM LLCInstitution | 15.88% | 6.31M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 13.94% | 5.54M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 12.02% | 4.78M | filed Jan 27, 2022 |
Millennium Management LLCInstitution | 6.33% | 2.52M | as of Jun 30, 2026 |
Nomura Holdings IncInstitution | 5.41% | 2.15M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Lizanne M. Bruce | director | −1,230 | $41.70 |
| Mar 17, 2026 | Patrick Wilczynski | officer: SVP, Operational Excellence | −6,000 | $42.28 |
| Mar 9, 2026 | Kevin W. Ferguson | officer: VP, Controller,Chief Acct.Off. | −2,500 | $42.06 |
| Mar 4, 2026 | Rodrigo Davoli | officer: SVP & GM, North America | −3,250 | $46.46 |
| Dec 9, 2025 | Kevin W. Ferguson | officer: VP, Controller,Chief Acct.Off. | −2,000 | $48.25 |
- Suzano (ADR)
Brazilian eucalyptus pulp giant — Report brand fights Chamex head-to-head.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sylvamo | $36.93 | +2.27% | $1.43B | 19.2 | 10.2 | 0.4 | +1.5% |
| Suzano (ADR) | $9.37 | +1.24% | $11.43B | 7.1 | 20.1 | 1.2 | −8.8% |
| Median | 7.1 | 20.1 | 1.2 | −8.8% |