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Packaging Corp of America Stock Research

PKG

131.41USD+0.69(+0.53%)Market Closed

Market Summary

USD131.41+0.69
Market Closed
0.53%

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

16.10%

Return on Equity

28.08%

Return on Assets

12.87%

Free Cashflow Yield

4.86%

PKG Fundamentals

PKG Revenue

Revenue (TTM)

8.5B

Revenue Y/Y

-3.17%

Revenue Q/Q

-6.94%

PKG Earnings

Earnings (TTM)

1.0B

Earnings Y/Y

-2.26%

Earnings Q/Q

-19.39%

Price Action

52 Week Range

109.52165.21
(Low)(High)

Last 7 days

1.7%

Last 30 days

-2.1%

Last 90 days

2.1%

Trailing 12 Months

-12.3%

PKG Financial Health

Current Ratio

2.86

Debt/Equity

0.63

Debt/Cashflow

0.53

PKG Investor Care

Dividend Yield

3.61%

Dividend/Share (TTM)

4.75

Buy Backs (1Y)

1.32%

Diluted EPS (TTM)

11.03

Peers (Alternatives to Packaging of America)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
IP
15.5B
21.2B
 -4.68% -20.29%
10.27
0.73
 9.29% -14.16%
AVY
13.9B
9.0B
 -4.19% 4.64%
18.31
1.53
 7.50% 2.30%
PKG
13.4B
8.5B
 -2.06% -12.30%
12.92
1.56
 9.67% 22.43%
MID-CAP
GPK
7.4B
9.4B
 4.76% 22.99%
14.23
0.79
 31.92% 155.88%
ATR
7.3B
3.3B
 -2.50% -1.09%
30.63
2.21
 2.94% -1.97%
WRK
7.3B
21.2B
 -7.30% -36.62%
9.04
0.34
 10.00% -7.02%
SEE
6.3B
5.6B
 -10.44% -35.67%
12.8
1.11
 1.95% -3.00%
BERY
6.0B
14.0B
 -7.76% -2.56%
7.93
0.41
 -2.13% 3.73%
SON
5.6B
7.3B
 0.36% -1.96%
12.11
0.78
 29.70% 645.69%
SMALL-CAP
RFP
1.7B
3.8B
 2.67% 75.78%
3.96
0.44
 5.89% 10.97%
SWM
1.0B
2.2B
 -16.30% -38.34%
-157.85
0.48
 50.51% -107.42%
UFPT
942.8M
318.9M
 6.13% 88.48%
25.8
2.96
 63.43% 117.03%
MYE
749.3M
881.1M
 -14.84% 2.04%
13.85
0.85
 25.99% 84.79%
NP
537.2M
-
 -16.08% -33.97%
-19.54
0.49
 - -

Financials for Packaging of America

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.8%8,4788,5438,4178,0607,730
Gross Profit-2.8%2,0912,1502,1432,0031,873
Operating Expenses5.9%61.0058.0058.0050.0055.00
  S&GA Expenses0.7%609604603593577
  R&D Expenses-15.00----
EBITDA4.9%1,2941,2331,6481,507-
EBITDA Margin5.7%0.15*0.14*0.20*0.19*-
Earnings Before Taxes-0.3%1,3651,3691,3551,2291,109
EBT Margin0.5%0.16*0.16*0.16*0.15*-
Interest Expenses48.0%-70.40-135-142-148-152
Net Income-0.5%1,0301,0351,023929841
Net Income Margin0.3%0.12*0.12*0.12*0.12*-
Free Cahsflow3.3%671650533495-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-4.1%8,0048,3448,3418,1387,837
  Current Assets-13.7%2,5082,9082,9902,8692,733
    Cash Equivalents-50.7%320649667629619
  Inventory-1.8%977995954941903
  Net PPE2.3%3,9003,8133,7633,6713,529
  Goodwill0%922922923923924
  Current Liabilities-9.1%876963973968885
  Long Term Debt-2,491----
    LT Debt, Non Current0.0%2,4742,4732,4732,4722,472
Shareholder's Equity-7.7%3,6673,9713,9653,7793,607
  Retained Earnings-7.5%3,1873,4443,4373,2623,102
  Additional Paid-In Capital-3.1%582601601592579
Accumulated Depreciation1.6%4,4924,4234,343--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations2.0%1,4951,4661,3191,2281,094
  Share Based Compensation-4.6%36.0037.0037.0036.0036.00
Cashflow From Investing17.6%-833-1,011-972-928-794
Cashflow From Financing36.4%-960-1,508-651-654-655
  Dividend Payments3.1%420408379380-
  Buy Backs176.0%523189193--

Risks for PKG

What is the probability of a big loss on PKG?

49.2%

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

18.9%

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

Returns for PKG

Cumulative Returns on PKG

14.9%

10-Year Cumulative Returns

15.3%

7-Year Cumulative Returns

6.7%

5-Year Cumulative Returns

23.1%

3-Year Cumulative Returns

What are the long-term rolling returns for PKG?

FIve years rolling returns for Packaging of America.

Annualized Returns

Which funds bought or sold PKG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
19.7
110,398
403,398
 0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
4.00
65,033,000
417,143,000
 0.46%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-3.09
716,000
7,601,000
 0.04%
2023-02-28
Voya Investment Management LLC
reduced
-3.52
1,049,900
11,665,900
 0.02%
2023-02-24
National Pension Service
reduced
-0.82
1,904,330
19,105,400
 0.04%
2023-02-24
NATIXIS
reduced
-47.95
-272,607
396,393
 -%
2023-02-24
Union Heritage Capital, LLC
unchanged
-
119,000
982,000
 0.60%
2023-02-22
CVA Family Office, LLC
reduced
-75.00
-1,360
640
 -%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
130,000
1,060,000
 0.01%
2023-02-21
COGNIOS BETA NEUTRAL LARGE CAP FUND, LP
new
-
1,584,800
1,584,800
 0.76%

1–10 of 47

Latest Funds Activity

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

Packaging of America News

Seeking Alpha

Upcoming Ex-Dividend Dates: June 10-23, 2022.

Seeking Alpha,
9 months ago

Seeking Alpha

Upcoming Ex-Dividend Dates: June 3-16, 2022.

Seeking Alpha,
9 months ago

Seeking Alpha

Goldman highlights sector picks for high dividend growth and yield.

Seeking Alpha,
10 months ago

Schedule 13G FIlings of Packaging of America

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
price t rowe associates inc /md/
12.0%
11,425,388
SC 13G/A
Feb 16, 2021
capital world investors
6.6%
6,228,996
SC 13G
Feb 10, 2021
vanguard group inc
11.10%
10,522,496
SC 13G/A

PKG Fair Value

Packaging of America fair value in different scenarios

The table shows the Fair Value estimates for Packaging of America for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

116.49

-11.35%

188.52

43.46%

252.54

92.18%

335.36

155.20%

403.53

207.08%
Current Inflation

106.57

-18.90%

167.83

27.71%

220.60

67.87%

290.44

121.02%

346.86

163.95%
Very High Inflation

94.37

-28.19%

143.30

9.05%

183.61

39.72%

238.86

81.77%

282.35

114.86%

Historical Packaging of America Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Packaging of America

View All Filings
Date Filed Form Type Document
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading

Latest Insider Trading transactions for PKG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-22
Schneider Robert Andrew
acquired
-
-
3,378
svp & cio
2023-02-22
Kaser Jeffrey S
acquired
-
-
1,658
svp
2023-02-22
Olivier Darla J.
acquired
-
-
1,249
svp
2023-02-22
Pflederer Kent A.
acquired
-
-
5,987
svp
2023-02-22
KOWLZAN MARK W
acquired
-
-
43,068
chairman & ceo
2023-02-22
Carter Charles J.
acquired
-
-
8,760
evp-mill ops.
2023-02-22
Mundy Robert P.
acquired
-
-
10,462
evp & cfo
2023-02-22
Ridley Bruce A
acquired
-
-
3,378
svp
2023-02-22
Barnes Pamela A.
acquired
-
-
3,378
svp
2023-02-22
Shirley Donald R.
acquired
-
-
6,707
svp

1–10 of 50

About Packaging of America

Mark W. Kowlzan
www.packagingcorp.com
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.

PKG Income Statement

2022-12-31
Consolidated Statements of Income and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Net sales$ 8,478,000,000.0$ 7,730,300,000$ 6,658,200,000
Cost of sales(6,387,400,000)(5,857,300,000)(5,288,800,000)
Gross profit2,090,600,0001,873,000,000.01,369,400,000
Selling and administrative expenses(608,600,000)(576,800,000)(539,600,000)
Goodwill impairment00(55,200,000)
Other expense, net(61,300,000)(54,800,000)(50,700,000)
Income from operations1,420,700,0001,241,400,000723,900,000
Non-operating pension income (expense)14,500,00019,700,0002,300,000
Interest expense, net(70,400,000)(152,400,000)(93,500,000)
Income before taxes1,364,800,0001,108,700,000632,700,000
Provision for income taxes(335,000,000.0)(267,600,000)(171,700,000)
Net income$ 1,029,800,000$ 841,100,000$ 461,000,000.0
Net income per common share:   
Basic$ 11.08$ 8.87$ 4.86
Diluted11.038.834.84
Dividends declared per common share$ 4.75$ 4.00$ 3.37
Statements of Comprehensive Income:   
Net income$ 1,029,800,000$ 841,100,000$ 461,000,000.0
Foreign currency translation adjustment0400,0000
Changes in unrealized (losses) gains on marketable debt securities, net of tax of $0.5 million, $0.2 million, and ($0.1) million for 2022, 2021, and 2020, respectively(1,700,000)(500,000)300,000
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($1.5) million, ($3.3) million, and ($3.6) million for 2022, 2021, and 2020, respectively4,700,00010,000,000.010,700,000
Changes in unfunded employee benefit obligations, net of tax of $10.1 million, ($19.9) million, and ($1.3) million for 2022, 2021, and 2020, respectively(30,200,000)59,400,0004,000,000.0
Net current-period other comprehensive income (loss)(27,200,000)69,300,00015,000,000.0
Comprehensive income$ 1,002,600,000$ 910,400,000$ 476,000,000.0

PKG Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 320.0$ 618.7
Short-term marketable debt securities85.286.1
Accounts receivable, net of allowance for credit losses and customer deductions of $19.6 million and $14.3 million as of December 31, 2022 and 2021, respectively1,031.81,071.0
Inventories977.3902.5
Prepaid expenses and other current assets58.347.0
Federal and state income taxes receivable35.77.4
Total current assets2,508.32,732.7
Property, plant and equipment, net3,900.03,529.0
Goodwill922.4923.5
Other intangible assets, net267.9308.4
Operating lease right-of-use assets298.3238.3
Long-term marketable debt securities64.960.0
Other long-term assets42.044.9
Total assets8,003.87,836.8
Current liabilities:  
Operating lease obligations72.267.1
Finance lease obligations1.91.7
Accounts payable410.4452.4
Dividends payable115.596.3
Accrued liabilities263.7255.0
Accrued interest11.812.3
Total current liabilities875.5884.8
Long-term liabilities:  
Long-term debt2,473.62,471.5
Operating lease obligations234.6179.3
Finance lease obligations10.812.7
Deferred income taxes543.0465.9
Compensation and benefits141.8157.4
Other long-term liabilities57.458.0
Total long-term liabilities3,461.23,344.8
Commitments and contingent liabilities (Note 21)
Stockholders' equity:  
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.7 million and 93.5 million shares issued as of December 31, 2022 and 2021, respectively0.90.9
Additional paid in capital581.8579.4
Retained earnings3,186.83,102.1
Accumulated other comprehensive loss(102.4)(75.2)
Total stockholders' equity3,667.13,607.2
Total liabilities and stockholders' equity$ 8,003.8$ 7,836.8