Market Summary
USD58.40+0.88
Market Closed1.53%
SON Stock Price
SON RSI Chart
SON Valuation
SON Price/Sales (Trailing)
SON Profitability
SON Fundamentals
SON Revenue
SON Earnings
Price Action
52 Week Range
50.6865.44
(Low)(High)
Last 7 days
5.3%
Last 30 days
1.0%
Last 90 days
-3.4%
Trailing 12 Months
-1.1%
SON Financial Health
SON Investor Care
Peers (Alternatives to Sonoco Products)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
IP | 15.5B | 21.2B | -4.96% | -21.23% | 10.29 | 0.73 | 9.29% | -14.16% |
AVY | 13.7B | 9.0B | -6.97% | 2.19% | 18.12 | 1.52 | 7.50% | 2.30% |
PKG | 13.4B | 8.5B | -1.17% | -11.22% | 12.92 | 1.56 | 9.67% | 22.43% |
| MID-CAP | ||||||||
GPK | 7.5B | 9.4B | 6.40% | 23.76% | 14.38 | 0.8 | 31.92% | 155.88% |
ATR | 7.4B | 3.3B | -1.53% | -1.42% | 30.84 | 2.22 | 2.94% | -1.97% |
WRK | 7.3B | 21.2B | -9.32% | -38.14% | 9.02 | 0.34 | 10.00% | -7.02% |
SEE | 6.2B | 5.6B | -12.80% | -36.33% | 12.6 | 1.1 | 1.95% | -3.00% |
BERY | 6.0B | 14.0B | -7.91% | -2.88% | 7.93 | 0.41 | -2.13% | 3.73% |
SON | 5.7B | 7.3B | 0.97% | -1.14% | 12.23 | 0.79 | 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 | 962.9M | 318.9M | 10.59% | 93.09% | 26.35 | 3.02 | 63.43% | 117.03% |
MYE | 749.7M | 881.1M | -14.55% | -0.38% | 13.86 | 0.85 | 25.99% | 84.79% |
NP | 537.2M | - | -16.08% | -33.97% | -19.54 | 0.49 | - | - |
Financials for Sonoco Products
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 3.4% | 7,251 | 7,014 | 6,539 | 6,008 | 5,590 |
| Gross Profit | 3.6% | 1,440 | 1,389 | 1,280 | 1,156 | 1,062 |
| S&GA Expenses | 2.9% | 707 | 687 | 653 | 603 | 558 |
| R&D Expenses | - | 24.00 | - | - | - | - |
| EBITDA | 4.6% | 982 | 938 | 855 | 207 | - |
| EBITDA Margin | 1.2% | 0.14* | 0.13* | 0.13* | 0.03* | - |
| Earnings Before Taxes | 1.5% | 571 | 563 | 520 | -107 | -160 |
| EBT Margin | -1.9% | 0.08* | 0.08* | 0.08* | -0.02* | - |
| Interest Expenses | 20.4% | 102 | 84.00 | 73.00 | 66.00 | 64.00 |
| Net Income | 7.3% | 466 | 435 | 424 | -42.33 | -85.48 |
| Net Income Margin | 3.8% | 0.06* | 0.06* | 0.06* | -0.01* | - |
| Free Cahsflow | 179.7% | 180 | 64.00 | 76.00 | -122 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 1.1% | 7,053 | 6,976 | 6,990 | 6,956 | 5,073 |
| Current Assets | -2.1% | 2,361 | 2,411 | 2,376 | 2,251 | 1,659 |
| Cash Equivalents | 24.8% | 227 | 182 | 175 | 152 | 171 |
| Net PPE | 5.1% | 1,710 | 1,627 | 1,629 | 1,641 | 1,298 |
| Goodwill | 5665.2% | 1,675 | 29.00 | 1,658 | 1,688 | 1,325 |
| Current Liabilities | -0.7% | 1,744 | 1,755 | 1,745 | 1,715 | 1,526 |
| Long Term Debt | 126.8% | 2,720 | 1,199 | - | - | - |
| LT Debt, Non Current | -0.2% | 2,723 | 2,728 | 2,730 | 1,199 | - |
| Shareholder's Equity | 7.1% | 2,066 | 1,929 | 1,936 | 1,919 | 1,837 |
| Retained Earnings | 2.1% | 2,348 | 2,299 | 2,225 | 2,141 | 2,070 |
| Additional Paid-In Capital | 4.2% | 141 | 135 | 128 | 120 | 120 |
| Accumulated Depreciation | - | 2,825 | - | - | - | - |
| Shares Outstanding | 0.1% | 98.00 | 98.00 | 97.00 | 97.00 | 97.00 |
| Minority Interest | 7.9% | 7.00 | 6.00 | 7.00 | 7.00 | 12.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 27.1% | 509 | 401 | 381 | 161 | 299 |
| Share Based Compensation | 2.1% | 31.00 | 31.00 | 30.00 | 27.00 | 23.00 |
| Cashflow From Investing | -3.3% | -1,741 | -1,685 | -1,641 | -1,542 | -165 |
| Cashflow From Financing | -2.0% | 1,294 | 1,321 | 1,184 | 949 | -513 |
| Dividend Payments | 2.1% | 187 | 183 | 180 | 177 | 179 |
| Buy Backs | -92.7% | 5.00 | 62.00 | 62.00 | 216 | 218 |
Risks for SON
What is the probability of a big loss on SON?
20.8%
Probability that Sonoco Products stock will be more than 20% underwater in next one year
15.4%
Probability that Sonoco Products stock will be more than 30% underwater in next one year.
0%
Probability that Sonoco Products 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 SON drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Sonoco Products was unfortunately bought at previous high price.
Drawdowns
Returns for SON
Cumulative Returns on SON
8.6%
10-Year Cumulative Returns
5.9%
7-Year Cumulative Returns
7.7%
5-Year Cumulative Returns
14.7%
3-Year Cumulative Returns
What are the long-term rolling returns for SON?
FIve years rolling returns for Sonoco Products.
Annualized Returns
Which funds bought or sold SON recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 2.95 | 11,062,300 | 119,789,000 | 0.13% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -2.99 | 53,000 | 1,442,000 | 0.01% |
2023-02-28 | Voya Investment Management LLC | reduced | -2.32 | 309,422 | 7,131,420 | 0.01% |
2023-02-27 | Gallagher Benefit Services, Inc. | new | - | 762,626 | 762,626 | 0.16% |
2023-02-27 | ST GERMAIN D J CO INC | new | - | 4,553 | 4,553 | -% |
2023-02-24 | NATIXIS | new | - | 4,857 | 4,857 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 61,000 | 924,000 | 0.01% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -84.62 | -47,559 | 9,441 | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -35.92 | -251,153 | 547,847 | 0.01% |
2023-02-21 | MACQUARIE GROUP LTD | reduced | -2.92 | 1,349,000 | 37,978,000 | 0.04% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Sonoco Products News
Schedule 13G FIlings of Sonoco Products
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 11.20% | 10,922,717 | SC 13G/A | |
| Feb 08, 2023 | american century investment management inc | 2.30% | 2,246,266 | SC 13G/A | |
| Jan 23, 2023 | blackrock inc. | 11.8% | 11,554,514 | SC 13G/A | |
| Feb 14, 2022 | state street corp | 7.39% | 7,268,672 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 10.60% | 10,419,701 | SC 13G/A | |
| Feb 04, 2022 | american century investment management inc | 7.14% | 7,015,689 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 10.8% | 10,629,042 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 10.8% | 10,629,042 | SC 13G/A | |
| Feb 11, 2021 | american century investment management inc | 5.14% | 5,158,683 | SC 13G | |
| Feb 11, 2021 | state street corp | 6.12% | 6,150,281 | SC 13G |
SON Fair Value
Sonoco Products fair value in different scenarios
The table shows the Fair Value estimates for Sonoco Products 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 38.73 -33.68% | 47.15 -19.26% | 73.31 25.53% | 90.81 55.50% | 105.23 80.19% |
| Current Inflation | 35.63 -38.99% | 42.83 -26.66% | 64.86 11.06% | 79.42 35.99% | 91.36 56.44% |
| Very High Inflation | 31.79 -45.57% | 37.56 -35.68% | 54.92 -5.96% | 66.23 13.41% | 75.43 29.16% |
Historical Sonoco Products Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Sonoco Products
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 21, 2023 | 8-K | Current Report | |
| Mar 17, 2023 | ARS | ARS | |
| Mar 17, 2023 | DEF 14A | DEF 14A | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for SON
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-14 | Haynes Ernest D III | sold | -30,458 | 57.36 | -531 | pres. sonoco metal packaging |
2023-03-13 | HILL ROBERT R JR | bought | 560,000 | 56.00 | 10,000 | - |
2023-03-01 | Haynes Ernest D III | sold | -110,040 | 60.00 | -1,834 | pres. sonoco metal packaging |
2023-02-17 | Dillard Robert R | acquired | 312,899 | 60.71 | 5,154 | chief strategy officer |
2023-02-17 | Harrell James A. III | sold (taxes) | -241,262 | 60.71 | -3,974 | pres. global ind. paper pkg. |
2023-02-17 | Grissett Russell K | acquired | 312,899 | 60.71 | 5,154 | pres global flexible packaging |
2023-02-17 | Harrell James A. III | acquired | 586,701 | 60.71 | 9,664 | pres. global ind. paper pkg. |
2023-02-17 | Wood Adam | sold (taxes) | -183,891 | 60.71 | -3,029 | vp paper&ind converted prod |
2023-02-17 | Haynes Ernest D III | sold (taxes) | -96,589 | 60.71 | -1,591 | pres. sonoco metal packaging |
2023-02-17 | Florence John M | acquired | 962,254 | 60.71 | 15,850 | vp, gnl council, secy, chro |
Sonoco Products Company, together with its subsidiaries, manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through two segments: Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment round and shaped rigid paper containers; metal and peelable membrane ends and closures; thermoformed plastic trays and containers; printed flexible packaging; and global brand artwork management. The Industrial Paper Packaging segment provides fiber-based tubes, cones, and cores; fiber-based construction tubes; fiber-based protective packaging and components; wooden, metal, and composite wire and cable, as well as reels and spools; and recycled paperboard, corrugating medium, recovered paper, and material recycling services. Sonoco Products Company offers thermoformed rigid plastic trays and devices; custom-engineered molded foam protective packaging and components; temperature-assured packaging; injection molded and extruded containers, spools, and parts; retail security packaging, including printed backer cards, thermoformed blisters, and heat-sealing equipment; and paper amenities. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.
SON Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Net sales | $ 7,250,552 | $ 5,590,438 | $ 5,237,443 |
| Cost of sales | 5,810,903 | 4,528,528 | 4,191,104 |
| Gross profit | 1,439,649 | 1,061,910 | 1,046,339 |
| Selling, general and administrative expenses | 707,343 | 558,180 | 528,439 |
| Restructuring/Asset impairment charges | 56,910 | 14,210 | 145,580 |
| Net loss on divestiture of business | 0 | 2,667 | 14,516 |
| Operating profit | 675,396 | 486,853 | 357,804 |
| Non-operating pension costs | 7,073 | 568,416 | 30,142 |
| Interest expense | 101,662 | 63,991 | 75,046 |
| Interest income | 4,621 | 4,756 | 2,976 |
| Loss from the early extinguishment of debt | 0 | 20,184 | 0 |
| Income/(Loss) before income taxes | 571,282 | (160,982) | 255,592 |
| Provision for/(Benefit from) income taxes | 118,509 | (67,430) | 53,030 |
| Income/(Loss) before equity in earnings of affiliates | 452,773 | (93,552) | 202,562 |
| Equity in earnings of affiliates, net of tax | 14,207 | 10,841 | 4,679 |
| Net income/(loss) | 466,980 | (82,711) | 207,241 |
| Net (income)/loss attributable to noncontrolling interests | (543) | (2,766) | 222 |
| Net income/(loss) attributable to Sonoco | $ 466,437 | $ (85,477) | $ 207,463 |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 97,991 | 99,608 | 100,939 |
| Assuming exercise of awards (in shares) | 741 | 0 | 270 |
| Diluted (in shares) | 98,732 | 99,608 | 101,209 |
| Net income/(loss) attributable to Sonoco: | |||
| Basic (usd per share) | $ 4.76 | $ (0.86) | $ 2.06 |
| Diluted (usd per share) | $ 4.72 | $ (0.86) | $ 2.05 |
SON Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 227,438 | $ 170,978 |
| Trade accounts receivable, net of allowances of $16,879 in 2022 and $19,651 in 2021 | 862,712 | 755,609 |
| Other receivables | 99,492 | 95,943 |
| Inventories | ||
| Finished and in process | 453,981 | 199,823 |
| Materials and supplies | 641,577 | 362,290 |
| Prepaid expenses | 76,054 | 74,034 |
| Total Current Assets | 2,361,254 | 1,658,677 |
| Property, Plant and Equipment, Net | 1,710,399 | 1,297,500 |
| Goodwill | 1,675,311 | 1,324,501 |
| Other Intangible Assets, Net | 741,598 | 278,143 |
| Long-term Deferred Income Taxes | 29,878 | 25,818 |
| Right of Use Asset-Operating Leases | 296,781 | 268,390 |
| Other Assets | 237,719 | 220,206 |
| Total Assets | 7,052,940 | 5,073,235 |
| Current Liabilities | ||
| Payable to suppliers | 818,885 | 721,312 |
| Accrued expenses and other | 295,841 | 290,874 |
| Accrued wages and other compensation | 109,830 | 90,476 |
| Less: Notes payable and current portion of long-term debt | 502,440 | 411,557 |
| Accrued taxes | 16,905 | 11,544 |
| Total Current Liabilities | 1,743,901 | 1,525,763 |
| Long-term Debt | 2,719,783 | 1,199,106 |
| Noncurrent Operating Lease Liabilities | 250,994 | 234,167 |
| Pension and Other Postretirement Benefits | 120,084 | 158,265 |
| Deferred Income Taxes | 107,293 | 70,482 |
| Other Liabilities | 38,088 | 35,911 |
| Commitments and Contingencies (Note 16) | ||
| Sonoco Shareholders’ Equity | ||
| Serial preferred stock, no par value Authorized 30,000,000 shares 0 shares issued and outstanding as of December 31, 2021 and 2020 | ||
| Common shares, no par value Authorized 300,000 shares 97,370 and 100,447 shares issued and outstanding as of December 31, 2021 and 2020, respectively | 7,175 | 7,175 |
| Capital in excess of stated value | 140,539 | 119,690 |
| Accumulated other comprehensive loss | (430,083) | (359,425) |
| Retained earnings | 2,348,183 | 2,070,005 |
| Total Sonoco Shareholders’ Equity | 2,065,814 | 1,837,445 |
| Noncontrolling Interests | 6,983 | 12,096 |
| Total Equity | 2,072,797 | 1,849,541 |
| Total Liabilities and Equity | $ 7,052,940 | $ 5,073,235 |