SLVM

Sylvamo

Materials · fiscal year ending 2025-12-31

Through the investors’ lenses

1 of 4 cleared5 of 9 criteria

Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.

Warren Buffett 3/4

Measure	SLVM	Checked against
Owner earnings	$87.00m	positive	✓
Return on equity	13.7%	US median 2.8%	✓
Debt to equity	0.81x	US median 0.57x	✗
Operating margin	7.5%	US median 3.1%	✓

Passes 3 of 4. These are the measures Warren Buffett published, applied to Sylvamo’s own figures — their criteria, not their view of this company. What he looks at, and why →

Benjamin Graham 0/2

Measure	SLVM	Checked against
Current ratio	1.50x	2.00x published	✗
Long-term debt to working capital	2.12x	1.00x published	✗

Passes 0 of 2. These are the measures Benjamin Graham published, applied to Sylvamo’s own figures — their criteria, not their view of this company. What he looks at, and why →

Joel Greenblatt 1/1

Measure	SLVM	Checked against
Return on capital employed	14.3%	US median 5.1%	✓

Passes 1 of 1. These are the measures Joel Greenblatt published, applied to Sylvamo’s own figures — their criteria, not their view of this company. What he looks at, and why →

Peter Lynch 1/2

Measure	SLVM	Checked against
Debt to equity	0.81x	US median 0.57x	✗
Net margin	3.9%	US median 2.0%	✓

Passes 1 of 2. These are the measures Peter Lynch published, applied to Sylvamo’s own figures — their criteria, not their view of this company. What he looks at, and why →

Basis	Payout	Why
GAAP earnings	55.6%	why A single year's earnings for a commodity producer can be several times the through-cycle average. This ratio computed in a trough looks alarming and in a peak looks trivial; neither describes whether the dividend is affordable across a cycle.
Operating cash flow	27.2%	why Before capital spending.
Free cash flow	165.9%	why Nets out the capital spending producers cut in downturns — so it flatters a trough year.

Spread between highest and lowest: 138.7 percentage points. Same filings, different denominators.

Coverage rating 2 / 100 — Not covered. ? Peer standing 2/50Direction 0/30Stability 0/20

Against its own history: 165.9% this year vs 19.4% median over the prior 3. A gap this size is usually a one-off — acquisition, settlement, cyclical trough — not a dividend that stopped being funded. The rating reads the latest year; the table shows the trend.

Free cash flow payout, last 4 years

Fiscal year	Payout
2025-12-31	165.9%
2024-12-31	25.0%
2023-12-31	19.4%
2022-12-31	3.5%

Coverage has deteriorated three years running — 3.5% to 165.9% — and the dividend now exceeds what the basis that applies can fund.

4% of the 47 materials here pay out more — at the demanding end.

The arithmetic

GAAP earnings — dividends declared per share $1.80 ÷ diluted EPS $3.24
Operating cash flow — dividends paid $73.0m ÷ operating cash flow $268m
Free cash flow — dividends paid $73.0m ÷ (operating cash flow $268m − capex $224m)

Where the figures came from

10-K filed 2026-02-20 · accession 0001856485-26-000008

Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.

Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.

What the free cash flow payout ratio measures, and where every company here sits on it.

Also on: covered on earnings, not on the basis that applies · rated not covered · when it files.

Who else looks like this

Every figure above is computed from Sylvamo’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.

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