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Packaging Corp of America Stock Research

PKG

151.89USD+2.77(+1.86%)Market Closed
Watchlist

Market Summary

USD151.89+2.77
Market Closed
1.86%

PKG Alerts

  • Big fall in Revenue (Y/Y)

PKG Stock Price

PKG RSI Chart

PKG Valuation

Market Cap

13.4B

Price/Earnings (Trailing)

12.92

Price/Sales (Trailing)

1.56

EV/EBITDA

10.31

Price/Free Cashflow

20.58

PKG Price/Sales (Trailing)

PKG Profitability

EBT Margin

15.36%

Return on Equity

25.7%

Return on Assets

12%

Free Cashflow Yield

4.86%

PKG Fundamentals

PKG Revenue

Revenue (TTM)

8.0B

Revenue Y/Y

-12.75%

Revenue Q/Q

-1.22%

PKG Earnings

Earnings (TTM)

866.9M

Earnings Y/Y

-32.77%

Earnings Q/Q

6.63%

Price Action

52 Week Range

110.56158.66
(Low)(High)

Last 7 days

2.0%

Last 30 days

2.8%

Last 90 days

15.2%

Trailing 12 Months

35.6%

PKG Financial Health

Current Ratio

3.12

PKG Investor Care

Dividend Yield

3.29%

Dividend/Share (TTM)

5

Diluted EPS (TTM)

9.48

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for PKG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-04
Shirley Donald R.
sold
-780,700
156
-5,000
svp
2023-08-03
Barnes Pamela A.
sold
-206,132
155
-1,328
svp
2023-08-02
Ridley Bruce A
sold
-542,183
155
-3,493
svp
2023-07-31
Schneider Robert Andrew
sold
-2,292,670
152
-15,000
svp & cio
2023-07-27
Barnes Pamela A.
sold
-205,323
152
-1,347
svp
2023-07-26
Carter Charles J.
sold
-1,386,120
149
-9,263
evp-mill ops.
2023-07-26
Hassfurther Thomas A
sold
-4,021,620
148
-27,027
exec. vp
2023-06-28
Kaser Jeffrey S
sold (taxes)
-120,342
129
-930
svp
2023-06-28
Barnes Pamela A.
sold (taxes)
-213,122
129
-1,647
svp
2023-06-28
Pflederer Kent A.
sold (taxes)
-352,874
129
-2,727
svp

1–10 of 50

Which funds bought or sold PKG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-26
BROOKFIELD Corp /ON/
added
2,094
7,873,320
8,269,120
0.03%
2023-09-20
BARCLAYS PLC
added
141
20,236,000
35,805,000
0.02%
2023-09-12
Farther Finance Advisors, LLC
reduced
-2.59
-3,511
44,802
0.01%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
reduced
-43.75
-1,032
1,189
-%
2023-08-28
DT Investment Partners, LLC
added
0.95
129,931
1,224,500
0.14%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-16,675
330,400
-%
2023-08-22
COMERICA BANK
new
-
102,000
102,000
0.01%
2023-08-22
Union Heritage Capital, LLC
unchanged
-
-50,000
1,014,000
0.55%
2023-08-22
Asset Dedication, LLC
unchanged
-
-
4,000
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-55,000
1,095,000
0.01%

1–10 of 47

Latest Funds Activity

Are funds buying PKG calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PKG
No. of Funds

Schedule 13G FIlings of Packaging of America

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Apr 06, 2023
blackrock inc.
10.1%
9,047,862
SC 13G
Feb 14, 2023
price t rowe associates inc /md/
2.0%
1,876,455
SC 13G/A
Feb 09, 2023
vanguard group inc
12.96%
11,992,314
SC 13G/A
Jan 24, 2023
blackrock inc.
9.6%
8,896,238
SC 13G/A
Feb 11, 2022
capital world investors
3.3%
3,153,562
SC 13G/A
Feb 10, 2022
vanguard group inc
12.51%
11,886,212
SC 13G/A
Feb 01, 2022
blackrock inc.
8.4%
7,934,846
SC 13G/A
Jan 10, 2022
price t rowe associates inc /md/
5.4%
5,142,564
SC 13G/A
Feb 16, 2021
capital world investors
6.6%
6,228,996
SC 13G
Feb 16, 2021
price t rowe associates inc /md/
12.0%
11,425,388
SC 13G/A

Recent SEC filings of Packaging of America

View All Filings
Date Filed Form Type Document
Aug 07, 2023
144
Notice of Insider Sale Intent
Aug 07, 2023
4
Insider Trading
Aug 04, 2023
10-Q
Quarterly Report
Aug 04, 2023
144
Notice of Insider Sale Intent
Aug 04, 2023
4
Insider Trading
Aug 03, 2023
4
Insider Trading
Aug 01, 2023
4
Insider Trading
Jul 31, 2023
144
Notice of Insider Sale Intent
Jul 28, 2023
4
Insider Trading
Jul 27, 2023
4
Insider Trading

Peers (Alternatives to Packaging of America)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
14.7B
8.5B
-2.17% 12.58%
25.94
1.73
-5.06% -25.48%
15.7B
20.2B
1.45% 10.96%
15.09
0.78
-1.89% -43.54%
13.4B
8.0B
2.75% 35.56%
12.92
1.56
-4.57% -15.25%
MID-CAP
8.1B
3.4B
-4.55% 29.09%
32.26
2.39
1.80% 8.73%
-
13.0B
-5.82% 31.67%
-
-
-11.84% -13.80%
9.2B
20.7B
10.65% 14.35%
-6.48
0.44
-1.05% -253.10%
6.8B
9.7B
1.05% 12.66%
9.64
0.7
15.45% 147.72%
5.2B
7.0B
-6.44% -3.69%
10.86
0.75
7.08% 13.87%
4.6B
5.5B
-11.46% -28.48%
11.77
0.83
-4.12% -29.40%
SMALL-CAP
1.7B
-
2.67% 75.78%
3.96
0.44
- -
1.2B
386.0M
-8.57% 88.34%
24.28
3.12
41.57% 138.63%
1.0B
2.7B
- -
-157.85
0.48
66.84% -140.81%
668.1M
865.1M
-2.94% 10.13%
13.18
0.77
0.79% 4.87%

Packaging of America News

Benzinga
Bad Breadth Is Masking Opportunities - Alexandria Real Estate (NYSE:ARE).
Benzinga,
2 months ago

Returns for PKG

Cumulative Returns on PKG

13.1%


10-Year Cumulative Returns

12.0%


7-Year Cumulative Returns

9.5%


5-Year Cumulative Returns

13.9%


3-Year Cumulative Returns

Risks for PKG

What is the probability of a big loss on PKG?

56.1%


Probability that Packaging of America stock will be more than 20% underwater in next one year

18.1%


Probability that Packaging of America stock will be more than 30% underwater in next one year.

0%


Probability that Packaging of America stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PKG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Packaging of America was unfortunately bought at previous high price.

Drawdowns

Financials for Packaging of America

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-3.4%8,0338,3188,4788,5438,4178,0607,7307,4017,0956,7576,6586,6646,7216,9396,9646,9917,0507,0587,0156,9526,783
Gross Profit-7.2%1,8451,9892,0912,1502,1432,0031,8731,6971,5311,4081,3701,4201,4861,5881,6441,6861,7181,7111,6451,5911,545
Operating Expenses-2.7%57.0058.0061.0058.0058.0050.0055.0056.0051.0061.0051.0048.0051.0037.0033.0031.0029.0039.0041.0018.0032.00
  S&GA Expenses-1.9%585596609604603593577566549539540546556564558550548542536540535
EBITDA-100.0%-1,2121,2941,2331,6481,5071,3741,3141,1609759498979541,1211,176------
EBITDA Margin-100.0%-0.15*0.15*0.14*0.20*0.19*0.18*0.18*0.16*0.14*0.14*0.13*0.14*0.16*0.17*------
Interest Expenses6.4%-61.60-65.80-70.40-135-142-148-152-96.70-97.20-97.40-93.50-129-127-124-128-89.80-92.10-93.50-95.10-98.00-99.20
Earnings Before Taxes-10.4%1,1451,2781,3651,3691,3551,2291,1099948456626336406938589171,0091,0441,033971930873
EBT Margin-100.0%-0.15*0.16*0.16*0.16*0.15*0.14*0.13*0.12*0.10*0.10*0.10*0.10*0.12*0.13*------
Net Income-10.2%8679661,0301,0351,023929841748636486461474514651696765792785738802735
Net Income Margin-100.0%-0.12*0.12*0.12*0.12*0.12*0.11*0.10*0.09*0.07*0.07*0.07*0.08*0.09*0.10*------
Free Cashflow-100.0%-727671650533495489441503552612702753817808------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.7%8,1078,0498,0048,3448,3418,1387,8378,6317,6747,5497,4337,3737,2727,3487,2367,1917,0746,9296,5706,5006,316
  Current Assets3.3%2,6712,5852,5082,9082,9902,8692,7333,8052,9612,8572,7502,7442,6592,6142,4782,5312,4032,2622,1152,1151,957
    Cash Equivalents29.8%4773683206496676296191,703972983975949853764680738569442362294200
  Inventory-1.1%9921,003977995954941903880827800788778835810794806816832796781764
  Net PPE-0.3%3,8873,8973,9003,8133,7633,6713,5293,3613,2413,2133,1933,1313,1153,1393,1523,1103,1073,1103,1093,0653,027
  Goodwill0%922922922922923923924864864864864864864919919919919917917889889
  Current Liabilities-3.8%7988298769639739688851,644817806783775684745724771730741694767716
    LT Debt, Current--------698-------------
    LT Debt, Non Current0.0%2,4752,4742,4742,4732,4732,4722,4722,4712,4802,4802,4792,4792,4782,4772,4772,4862,4852,4852,4842,4832,482
Shareholder's Equity2.4%3,8493,7583,6673,9713,9653,7793,6073,6083,4443,3313,2463,2053,1333,1503,0713,0352,9212,7952,6722,5302,388
  Retained Earnings2.4%3,3393,2593,1873,4443,4373,2623,1023,1633,0092,9062,8362,8072,7432,7712,7052,6442,5392,4282,3162,1862,054
  Additional Paid-In Capital1.6%607598582601601592579581575566554549543535525519513501495489482
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations2.8%1,4911,4501,4951,4661,3191,2281,0949759899881,0331,0911,1331,2081,2071,2241,1851,2141,1801,1071,004
  Share Based Compensation0.5%39.0039.0036.0037.0037.0036.0036.0033.0032.0032.0030.0030.0030.0034.0030.0031.0031.0025.0024.0023.0021.00
Cashflow From Investing6.9%-677-727-833-1,011-972-928-794-535-517-436-426-534-502-543-546-471-507-581-608-786-741
Cashflow From Financing-2.1%-1,003-983-960-1,508-651-654-655315-352-331-311-345-346-343-342-308-307-292-427-397-383
  Dividend Payments-0.6%458460420408-379380360340320300299299299299299299283268258238
  Buy Backs---523189--193--------------

PKG Income Statement

2023-06-30
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Net sales$ 1,952.1$ 2,237.3$ 3,928.4$ 4,373.7
Cost of sales(1,507.4)(1,648.5)(3,052.3)(3,251.7)
Gross profit444.7588.8876.11,122.0
Selling, general and administrative expenses(145.6)(156.7)(293.9)(317.7)
Other expense, net(14.7)(16.3)(27.2)(31.9)
Income from operations284.4415.8555.0772.4
Non-operating pension (expense) income(2.0)3.6(4.0)7.3
Interest expense, net(14.6)(18.8)(29.9)(38.7)
Income before taxes267.8400.6521.1741.0
Provision for income taxes(65.1)(99.1)(128.3)(185.3)
Net income$ 202.7$ 301.5$ 392.8$ 555.7
Net income per common share:    
Basic$ 2.25$ 3.22$ 4.37$ 5.93
Diluted2.243.24.355.91
Dividends declared per common share$ 1.25$ 1.25$ 2.5$ 2.25
Statements of Comprehensive Income:    
Net Income (Loss)$ 202.7$ 301.5$ 392.8$ 555.7
Changes in unrealized gains (losses) on marketable debt securities, net of tax of $0.0 million, $0.1 million, ($0.2) million, and $0.5 million, respectively0.0(0.3)0.5(1.5)
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.6) million, ($0.4) million, ($1.1) million, and ($0.7) million, respectively1.61.13.22.3
Other comprehensive income1.60.83.70.8
Comprehensive income$ 204.3$ 302.3$ 396.5$ 556.5

PKG Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 477.1$ 320.0
Short-term marketable debt securities101.985.2
Accounts receivable, net of allowance for credit losses and customer deductions of $13.8 million and $19.6 million as of June 30, 2023 and December 31, 2022, respectively1,023.91,031.8
Inventories992.2977.3
Prepaid expenses and other current assets75.558.3
Federal and state income taxes receivable0.035.7
Total current assets2,670.62,508.3
Property, plant, and equipment, net3,886.73,900.0
Goodwill922.4922.4
Other intangible assets, net248.7267.9
Operating lease right-of-use assets286.2298.3
Long-term marketable debt securities50.664.9
Other long-term assets41.342.0
Total assets8,106.58,003.8
Current liabilities:  
Operating lease obligations75.072.2
Finance lease obligations1.91.9
Accounts payable365.8410.4
Dividends payable115.4115.5
Accrued liabilities219.9263.7
Accrued interest11.711.8
Federal and state income taxes payable8.00.0
Total current liabilities797.7875.5
Long-term liabilities:  
Long-term debt2,474.72,473.6
Operating lease obligations221.9234.6
Finance lease obligations9.810.8
Deferred income taxes538.6543.0
Compensation and benefits153.5141.8
Other long-term liabilities61.757.4
Total long-term liabilities3,460.23,461.2
Commitments and contingent liabilities
Stockholders' equity:  
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.9 million and 89.7 million shares issued as of June 30, 2023 and December 31, 2022, respectively0.90.9
Additional paid in capital607.4581.8
Retained earnings3,339.03,186.8
Accumulated other comprehensive loss(98.7)(102.4)
Total stockholders' equity3,848.63,667.1
Total liabilities and stockholders' equity$ 8,106.5$ 8,003.8
Mark W. Kowlzan
15200
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.