PACK - Ranpak Holdings Corp.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$9.38
DETAILS
HIGH:
$11.50
LOW:
$6.00
MEDIAN:
$10.00
CONSENSUS:
$9.38
UPSIDE:
49.36%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 395 | 368.9 | 336.3 | 326.5 | 383.9 | 298.2 | 269.5 | 267.9 | 244.1 |
| Cost of Revenue | 300.3 | 229.1 | 213 | 226.9 | 235 | 175.6 | 158.6 | 196.5 | 131.7 |
| Gross Profit | 94.7 | 139.8 | 123.3 | 99.6 | 148.9 | 122.6 | 110.9 | 71.4 | 112.4 |
| Operating Expenses | |||||||||
| R&D Expenses | 4.1 | 4.4 | 3.7 | 3.6 | 1.7 | 2.3 | 2.1 | 2.4 | 0 |
| SG&A Expenses | 114.5 | 102 | 91.8 | 84.4 | 98.3 | 72.5 | 61.5 | 53.2 | 46.3 |
| Other Expenses | 0.4 | 46.2 | 35.3 | 54.1 | 36.7 | 36.1 | 45.1 | (1.5) | 34.5 |
| Operating Expenses | 119 | 152.6 | 130.8 | 142.1 | 136.7 | 110.9 | 108.7 | 3.7 | 80.8 |
| Operating Income | |||||||||
| Operating Income | (24.3) | (12.8) | (7.5) | (42.5) | 12.2 | 11.7 | 2.2 | (3.7) | 31.2 |
| Interest Expense | 31.3 | 28.6 | 24.3 | 20.7 | 22.4 | 30.2 | 47.5 | 36.0 | 30.7 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.1 | 0 |
| Profitability | |||||||||
| EBITDA | 42.4 | 63.6 | 55.4 | 48.7 | 87.6 | 79.3 | 68.2 | 80.6 | 104.5 |
| EBIT | (24.3) | (1.7) | (14.2) | (20.3) | 14 | 16.6 | 9.9 | 16.1 | 17 |
| Income Before Tax | (47.5) | (23.7) | (31.3) | (56.7) | (4.9) | (24.6) | (43.8) | 1.4 | (13.7) |
| Income Tax Expense | (9.2) | (2.2) | (4.2) | (15.3) | (2.1) | (1.2) | (7.6) | (5.1) | (41.4) |
| Net Income | (38.3) | (21.5) | (27.1) | (41.4) | (2.8) | (23.4) | (36.2) | 1.4 | 27.7 |
| Per Share Data | |||||||||
| EPS (Basic) | -0.45 | -0.26 | -0.33 | -0.51 | -0.04 | -0.32 | -0.52 | 0.03 | 0.67 |
| EPS (Diluted) | -0.45 | -0.26 | -0.33 | -0.51 | -0.04 | -0.32 | -0.52 | 0.03 | 0.67 |
| Shares Outstanding | 84.2 | 83.1 | 82.4 | 81.9 | 78.5 | 72.4 | 70.8 | 41.2 | 41.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 63 | 76.1 | 62 | 62.8 | 103.9 | 48.5 | 19.7 | 2.9 | 0.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 49.6 | 45.7 | 32.5 | 35.1 | 46.4 | 39.2 | 37.6 | 34.9 | 0 |
| Inventory | 30.6 | 21.7 | 17.3 | 25 | 32.9 | 16.1 | 11.6 | 11.8 | 0 |
| Other Current Assets | 10.6 | 7.7 | 13.1 | 16.7 | 0 | 0 | 2.5 | 0 | 0 |
| Total Current Assets | 153.8 | 151.2 | 124.9 | 139.6 | 191.5 | 107.2 | 71.4 | 3.1 | 0.0 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 162.7 | 158.5 | 165.8 | 130 | 132.9 | 124.4 | 122.5 | 73 | 0 |
| Goodwill | 457.2 | 443.7 | 450.1 | 446.7 | 453 | 458.4 | 448.8 | 355.7 | 0 |
| Intangible Assets | 291.8 | 312.2 | 345.4 | 372.1 | 406.5 | 440.6 | 458.6 | 293.7 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 1.8 | (0.1) | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 59 | 38.5 | 36.4 | 42.7 | 29.4 | 2.9 | 3.1 | (416.3) | 0.9 |
| Total Non-Current Assets | 971.1 | 953 | 997.8 | 993.9 | 1,021.8 | 1,026.3 | 1,033 | 306.1 | 0.9 |
| Total Assets | 1,124.9 | 1,104.2 | 1,122.7 | 1,133.5 | 1,213.4 | 1,133.5 | 1,104.4 | 309.2 | 0.9 |
| Current Liabilities | |||||||||
| Account Payables | 36.7 | 26.9 | 17.6 | 24.3 | 33.5 | 24.9 | 12.3 | 12.3 | 0 |
| Short-Term Debt | 9.4 | 4 | 1.6 | 0.6 | 3.4 | 0.5 | 1.6 | 4.4 | 0.1 |
| Deferred Revenue | 14 | 3.4 | 2 | 0.9 | 3.1 | 1.4 | 2.5 | (6.7) | 0 |
| Other Current Liabilities | 18.5 | 4.5 | 13.7 | 4.4 | 16.9 | 7.2 | 6.2 | 6.3 | 0.7 |
| Total Current Liabilities | 84 | 68.4 | 48 | 39.1 | 71.5 | 57.5 | 31.9 | 6.7 | 0.8 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 396.4 | 398.1 | 396.8 | 391.7 | 399.5 | 432.7 | 418.8 | 494.9 | 0 |
| Deferred Tax Liabilities | 50.7 | 62 | 71.6 | 80.8 | 97.7 | 109.6 | 115 | 69.8 | 0 |
| Other Non-Current Liabilities | 34.7 | 4.1 | 8.6 | 5.1 | 3.3 | 10.8 | 6.9 | 3.8 | 0 |
| Total Non-Current Liabilities | 506 | 487.7 | 502.7 | 481.6 | 505.7 | 553.1 | 540.7 | 11.3 | 0 |
| Total Liabilities | 590 | 556.1 | 550.7 | 520.7 | 577.2 | 610.6 | 572.6 | 18.0 | 0.8 |
| Stockholders' Equity | |||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 286.2 | 0.0 |
| Retained Earnings | (183.6) | (145.3) | (123.8) | (96.7) | (55.3) | (52.5) | (29.1) | 1.4 | (0.0) |
| Accumulated Other Comprehensive Income | (3.8) | (6.2) | 2.1 | 5.2 | 2.6 | 10.7 | 3.4 | (23.6) | 0 |
| Total Stockholders' Equity | 534.9 | 548.1 | 572 | 612.8 | 636.2 | 522.9 | 531.8 | 291.2 | 0.1 |
| Total Liabilities & Equity | 1,124.9 | 1,104.2 | 1,122.7 | 1,133.5 | 1,213.4 | 1,133.5 | 1,104.4 | 309.2 | 0.9 |
| Debt Metrics | |||||||||
| Total Debt | 430 | 431.2 | 428.8 | 399 | 411.1 | 433.2 | 420.4 | 4 | 0.1 |
| Net Debt | 367 | 355.1 | 366.8 | 336.2 | 307.2 | 384.7 | 400.7 | 1.1 | 0.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (38.3) | (21.5) | (27.1) | (41.4) | (2.8) | (23.4) | (36.2) | 1.4 | 27.7 |
| Depreciation & Amortization | 66.7 | 65.3 | 69.6 | 69 | 73.6 | 62.7 | 58.3 | 64.5 | 61.1 |
| Stock-Based Compensation | 7.6 | 6.3 | (10.2) | 18.3 | 0 | 7.2 | 0 | 10.5 | 12.6 |
| Change in Working Capital | (4.9) | (6.4) | 22.3 | (23.6) | (23.6) | 14.1 | 0.6 | 2.5 | (7.5) |
| Other Non-Cash Items | (0.3) | 4.6 | 3.9 | (1.5) | 19.9 | 8.8 | 18.8 | (15.6) | 4.5 |
| Operating Cash Flow | 23.1 | 41.4 | 52.6 | 1.1 | 54.3 | 63.8 | 26.3 | (1.2) | 46.2 |
| Investing Activities | |||||||||
| Capital Expenditure | (30.3) | (33.1) | (55.3) | (45.8) | (55.7) | (33.2) | (30.4) | (25.3) | (27.5) |
| Acquisitions | (2.5) | 0 | 0 | (2.1) | (14.1) | 0 | (945.6) | 0 | (1.6) |
| Purchases of Investments | 0 | 0 | 0 | (2.1) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0.6 | 2.9 | 1.1 | 0 | (1.3) | 308.1 | (301) | (0.5) |
| Investing Cash Flow | (32.8) | (32.5) | (52.4) | (37.9) | (69.8) | (34.5) | (667.9) | (301) | (29.1) |
| Financing Activities | |||||||||
| Net Debt Issuance | (6.4) | 16.9 | (0.3) | (2) | (23.2) | (1.6) | 408.5 | (6.6) | (11.9) |
| Stock Repurchased | 0 | (0.4) | 0 | 0 | 0 | 0 | (158.3) | 0 | (1.6) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.6) | (14.7) | (1.5) | (2.5) | (8.8) | 0 | (26.2) | (1.1) | (0.7) |
| Financing Cash Flow | (7) | 1.8 | (1.8) | (4.5) | 72 | (1.6) | 651 | 305.1 | (14.2) |
| Cash Position | |||||||||
| Net Change in Cash | (13.1) | 14.1 | (0.8) | (41.1) | 55.4 | 28.8 | 10.7 | 2.9 | 3.3 |
| Cash at Beginning | 76.1 | 62 | 62.8 | 103.9 | 48.5 | 19.7 | 19.2 | 0.0 | 5.3 |
| Cash at End | 63 | 76.1 | 62 | 62.8 | 103.9 | 48.5 | 29.9 | 2.9 | 8.6 |
| Free Cash Flow | (7.2) | 8.3 | (2.7) | (44.7) | (1.4) | 30.6 | (4.1) | (26.5) | 18.7 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 395 | 368.9 | 336.3 | 326.5 | 383.9 | 298.2 | 269.5 | 267.9 | 244.1 |
| Gross Profit | 94.7 | 139.8 | 123.3 | 99.6 | 148.9 | 122.6 | 110.9 | 71.4 | 112.4 |
| Operating Income | (24.3) | (12.8) | (7.5) | (42.5) | 12.2 | 11.7 | 2.2 | (3.7) | 31.2 |
| Net Income | (38.3) | (21.5) | (27.1) | (41.4) | (2.8) | (23.4) | (36.2) | 1.4 | 27.7 |
| EPS (Diluted) | -0.45 | -0.26 | -0.33 | -0.51 | -0.04 | -0.32 | -0.52 | 0.03 | 0.67 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 63 | 76.1 | 62 | 62.8 | 103.9 | 48.5 | 19.7 | 2.9 | 0.0 |
| Total Assets | 1,124.9 | 1,104.2 | 1,122.7 | 1,133.5 | 1,213.4 | 1,133.5 | 1,104.4 | 309.2 | 0.9 |
| Total Debt | 430 | 431.2 | 428.8 | 399 | 411.1 | 433.2 | 420.4 | 4 | 0.1 |
| Stockholders' Equity | 534.9 | 548.1 | 572 | 612.8 | 636.2 | 522.9 | 531.8 | 291.2 | 0.1 |
| Cash Flow | |||||||||
| Operating Cash Flow | 23.1 | 41.4 | 52.6 | 1.1 | 54.3 | 63.8 | 26.3 | (1.2) | 46.2 |
| Capital Expenditure | (30.3) | (33.1) | (55.3) | (45.8) | (55.7) | (33.2) | (30.4) | (25.3) | (27.5) |
| Free Cash Flow | (7.2) | 8.3 | (2.7) | (44.7) | (1.4) | 30.6 | (4.1) | (26.5) | 18.7 |