Grufity logoGrufity logo

Sonoco Products Co Stock Research

SON

58.40USD+0.88(+1.53%)Market Closed

Market Summary

USD58.40+0.88
Market Closed
1.53%

SON Alerts

SON Stock Price

SON RSI Chart

SON Valuation

Market Cap

5.7B

Price/Earnings (Trailing)

12.23

Price/Sales (Trailing)

0.79

EV/EBITDA

8.35

Price/Free Cashflow

31.63

SON Price/Sales (Trailing)

SON Profitability

EBT Margin

7.88%

Return on Equity

22.58%

Return on Assets

6.61%

Free Cashflow Yield

3.16%

SON Fundamentals

SON Revenue

Revenue (TTM)

7.3B

Revenue Y/Y

16.46%

Revenue Q/Q

-11.33%

SON Earnings

Earnings (TTM)

466.4M

Earnings Y/Y

49.18%

Earnings Q/Q

-20.47%

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

Current Ratio

1.35

Debt/Equity

1.32

Debt/Cashflow

0.19

SON Investor Care

Dividend Yield

2.84%

Dividend/Share (TTM)

1.84

Shares Dilution (1Y)

0.28%

Diluted EPS (TTM)

4.72

Peers (Alternatives to Sonoco Products)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
15.5B
21.2B
-4.96% -21.23%
10.29
0.73
9.29% -14.16%
13.7B
9.0B
-6.97% 2.19%
18.12
1.52
7.50% 2.30%
13.4B
8.5B
-1.17% -11.22%
12.92
1.56
9.67% 22.43%
MID-CAP
7.5B
9.4B
6.40% 23.76%
14.38
0.8
31.92% 155.88%
7.4B
3.3B
-1.53% -1.42%
30.84
2.22
2.94% -1.97%
7.3B
21.2B
-9.32% -38.14%
9.02
0.34
10.00% -7.02%
6.2B
5.6B
-12.80% -36.33%
12.6
1.1
1.95% -3.00%
6.0B
14.0B
-7.91% -2.88%
7.93
0.41
-2.13% 3.73%
5.7B
7.3B
0.97% -1.14%
12.23
0.79
29.70% 645.69%
SMALL-CAP
1.7B
3.8B
2.67% 75.78%
3.96
0.44
5.89% 10.97%
1.0B
2.2B
-16.30% -38.34%
-157.85
0.48
50.51% -107.42%
962.9M
318.9M
10.59% 93.09%
26.35
3.02
63.43% 117.03%
749.7M
881.1M
-14.55% -0.38%
13.86
0.85
25.99% 84.79%
537.2M
-
-16.08% -33.97%
-19.54
0.49
- -

Financials for Sonoco Products

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.4%7,2517,0146,5396,0085,590
Gross Profit3.6%1,4401,3891,2801,1561,062
  S&GA Expenses2.9%707687653603558
  R&D Expenses-24.00----
EBITDA4.6%982938855207-
EBITDA Margin1.2%0.14*0.13*0.13*0.03*-
Earnings Before Taxes1.5%571563520-107-160
EBT Margin-1.9%0.08*0.08*0.08*-0.02*-
Interest Expenses20.4%10284.0073.0066.0064.00
Net Income7.3%466435424-42.33-85.48
Net Income Margin3.8%0.06*0.06*0.06*-0.01*-
Free Cahsflow179.7%18064.0076.00-122-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.1%7,0536,9766,9906,9565,073
  Current Assets-2.1%2,3612,4112,3762,2511,659
    Cash Equivalents24.8%227182175152171
  Net PPE5.1%1,7101,6271,6291,6411,298
  Goodwill5665.2%1,67529.001,6581,6881,325
  Current Liabilities-0.7%1,7441,7551,7451,7151,526
  Long Term Debt126.8%2,7201,199---
    LT Debt, Non Current-0.2%2,7232,7282,7301,199-
Shareholder's Equity7.1%2,0661,9291,9361,9191,837
  Retained Earnings2.1%2,3482,2992,2252,1412,070
  Additional Paid-In Capital4.2%141135128120120
Accumulated Depreciation-2,825----
Shares Outstanding0.1%98.0098.0097.0097.0097.00
Minority Interest7.9%7.006.007.007.0012.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations27.1%509401381161299
  Share Based Compensation2.1%31.0031.0030.0027.0023.00
Cashflow From Investing-3.3%-1,741-1,685-1,641-1,542-165
Cashflow From Financing-2.0%1,2941,3211,184949-513
  Dividend Payments2.1%187183180177179
  Buy Backs-92.7%5.0062.0062.00216218

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 ascendingFund NameType% 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%

1–10 of 49

Latest Funds Activity

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

Sonoco Products News

MarketBeat

Family Asset Management LLC Makes New $1.02 Million ....

MarketBeat,
21 hours ago

Stock Traders Daily

InvestorsObserver

Nasdaq

Zacks Investment Research

Schedule 13G FIlings of Sonoco Products

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Robert H. Coker
20500
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

2022-12-31
CONSOLIDATED 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 sales5,810,9034,528,5284,191,104
Gross profit1,439,6491,061,9101,046,339
Selling, general and administrative expenses707,343558,180528,439
Restructuring/Asset impairment charges56,91014,210145,580
Net loss on divestiture of business02,66714,516
Operating profit675,396486,853357,804
Non-operating pension costs7,073568,41630,142
Interest expense101,66263,99175,046
Interest income4,6214,7562,976
Loss from the early extinguishment of debt020,1840
Income/(Loss) before income taxes571,282(160,982)255,592
Provision for/(Benefit from) income taxes118,509(67,430)53,030
Income/(Loss) before equity in earnings of affiliates452,773(93,552)202,562
Equity in earnings of affiliates, net of tax14,20710,8414,679
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)97,99199,608100,939
Assuming exercise of awards (in shares)7410270
Diluted (in shares)98,73299,608101,209
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

2022-12-31
CONSOLIDATED 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 $19,651 in 2021862,712755,609
Other receivables99,49295,943
Inventories  
Finished and in process453,981199,823
Materials and supplies641,577362,290
Prepaid expenses76,05474,034
Total Current Assets2,361,2541,658,677
Property, Plant and Equipment, Net1,710,3991,297,500
Goodwill1,675,3111,324,501
Other Intangible Assets, Net741,598278,143
Long-term Deferred Income Taxes29,87825,818
Right of Use Asset-Operating Leases296,781268,390
Other Assets237,719220,206
Total Assets7,052,9405,073,235
Current Liabilities  
Payable to suppliers818,885721,312
Accrued expenses and other295,841290,874
Accrued wages and other compensation109,83090,476
Less: Notes payable and current portion of long-term debt502,440411,557
Accrued taxes16,90511,544
Total Current Liabilities1,743,9011,525,763
Long-term Debt2,719,7831,199,106
Noncurrent Operating Lease Liabilities250,994234,167
Pension and Other Postretirement Benefits120,084158,265
Deferred Income Taxes107,29370,482
Other Liabilities38,08835,911
Commitments and Contingencies (Note 16)
Sonoco Shareholders’ Equity  
Serial preferred stock, no par value Authorized 30,000,000 shares 0 shares issued and outstanding as of December 31, 2021 and 2020
Common shares, no par value Authorized 300,000 shares 97,370 and 100,447 shares issued and outstanding as of December 31, 2021 and 2020, respectively7,1757,175
Capital in excess of stated value140,539119,690
Accumulated other comprehensive loss(430,083)(359,425)
Retained earnings2,348,1832,070,005
Total Sonoco Shareholders’ Equity2,065,8141,837,445
Noncontrolling Interests6,98312,096
Total Equity2,072,7971,849,541
Total Liabilities and Equity$ 7,052,940$ 5,073,235