Financials Packaging Corporation of America

Equities

PKG

US6951561090

Paper Packaging

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
172.8 USD +0.93% Intraday chart for Packaging Corporation of America -3.91% +6.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,520 12,986 12,842 11,752 14,491 15,398 - -
Enterprise Value (EV) 1 12,317 14,385 14,869 14,139 16,230 17,157 16,898 16,105
P/E ratio 15.3 x 28.5 x 15.4 x 11.6 x 19.2 x 20.4 x 17.4 x 16.7 x
Yield 2.82% 2.44% 2.94% 3.71% 3.07% 2.92% 2.98% 3.09%
Capitalization / Revenue 1.51 x 1.95 x 1.66 x 1.39 x 1.86 x 1.9 x 1.84 x 1.77 x
EV / Revenue 1.77 x 2.16 x 1.92 x 1.67 x 2.08 x 2.12 x 2.02 x 1.85 x
EV / EBITDA 8.52 x 11.7 x 8.93 x 7.5 x 10.1 x 10.7 x 9.61 x 8.68 x
EV / FCF 15.2 x 23.5 x 30.4 x 21.1 x 19.2 x 20.3 x 17.6 x 15.7 x
FCF Yield 6.56% 4.25% 3.29% 4.74% 5.21% 4.92% 5.67% 6.36%
Price to Book 3.45 x 4.03 x 3.53 x 3.23 x 3.65 x 3.69 x 3.4 x 2.87 x
Nbr of stocks (in thousands) 93,934 94,160 94,319 91,873 88,953 89,083 - -
Reference price 2 112.0 137.9 136.2 127.9 162.9 172.8 172.8 172.8
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,964 6,658 7,730 8,478 7,802 8,088 8,382 8,720
EBITDA 1 1,445 1,225 1,665 1,886 1,604 1,599 1,759 1,856
EBIT 1 1,058 824.1 1,253 1,434 1,101 1,099 1,243 1,334
Operating Margin 15.19% 12.38% 16.21% 16.92% 14.11% 13.58% 14.84% 15.3%
Earnings before Tax (EBT) 1 917 632.7 1,109 1,365 1,014 1,030 1,201 1,328
Net income 1 696.4 461 841.1 1,030 759 765.8 896 966.6
Net margin 10% 6.92% 10.88% 12.15% 9.73% 9.47% 10.69% 11.08%
EPS 2 7.340 4.840 8.830 11.03 8.480 8.490 9.952 10.32
Free Cash Flow 1 807.9 611.6 489 670.8 845.4 843.9 957.7 1,024
FCF margin 11.6% 9.19% 6.33% 7.91% 10.84% 10.43% 11.43% 11.75%
FCF Conversion (EBITDA) 55.9% 49.93% 29.36% 35.58% 52.71% 52.77% 54.45% 55.19%
FCF Conversion (Net income) 116.01% 132.67% 58.14% 65.14% 111.38% 110.2% 106.89% 105.97%
Dividend per Share 2 3.160 3.370 4.000 4.750 5.000 5.053 5.158 5.343
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,000 2,043 2,136 2,237 2,126 1,978 1,976 1,952 1,936 1,938 1,980 2,007 2,047 2,052 2,161
EBITDA 1 464 462.8 467.2 532.6 477.1 408.7 404.9 417.5 387.8 393.5 333.2 395.3 423.7 427.1 401.4
EBIT 1 360 357.5 358.6 418.8 364.4 292.6 281.6 292.7 261.1 265.3 206.3 267 297.5 308.2 285.9
Operating Margin 18% 17.5% 16.79% 18.72% 17.14% 14.79% 14.25% 14.99% 13.49% 13.69% 10.42% 13.3% 14.53% 15.02% 13.23%
Earnings before Tax (EBT) 1 333.9 280.5 340.3 400.6 347.4 276.6 253.3 267.8 244.5 248.5 187.5 254.4 289 295.8 -
Net income 1 250.7 216.5 254.2 301.5 262.5 211.7 190.1 202.7 183.2 187.8 146.9 188 210.9 209.4 190
Net margin 12.53% 10.6% 11.9% 13.48% 12.35% 10.7% 9.62% 10.38% 9.46% 9.69% 7.42% 9.37% 10.3% 10.2% 8.79%
EPS 2 2.630 2.280 2.700 3.200 2.800 2.310 2.110 2.240 2.030 2.100 1.630 2.102 2.365 2.355 2.120
Dividend per Share 2 1.000 1.000 1.000 1.250 1.250 1.250 1.250 1.250 - 1.250 1.250 1.250 1.250 1.250 -
Announcement Date 10/25/21 1/26/22 4/25/22 7/25/22 10/24/22 1/25/23 4/24/23 7/24/23 10/23/23 1/24/24 4/22/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,797 1,399 2,028 2,388 1,739 1,759 1,500 707
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.244 x 1.142 x 1.217 x 1.266 x 1.084 x 1.1 x 0.8526 x 0.3809 x
Free Cash Flow 1 808 612 489 671 845 844 958 1,024
ROE (net income / shareholders' equity) 24.3% 17.4% 24.5% 28.3% 20.5% 18.1% 19.4% 18.9%
ROA (Net income/ Total Assets) 10.1% 7.5% 11% 13% 9.1% 8.97% 9.85% 9.9%
Assets 1 6,903 6,147 7,635 7,920 8,342 8,540 9,096 9,763
Book Value Per Share 2 32.40 34.20 38.60 39.60 44.70 46.90 50.80 60.20
Cash Flow per Share 2 12.80 10.90 11.60 16.10 14.70 13.50 16.00 17.90
Capex 1 400 421 605 824 470 480 494 523
Capex / Sales 5.74% 6.33% 7.83% 9.72% 6.02% 5.93% 5.9% 5.99%
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
172.8 USD
Average target price
174.6 USD
Spread / Average Target
+1.03%
Consensus
  1. Stock Market
  2. Equities
  3. PKG Stock
  4. Financials Packaging Corporation of America