Pactiv Evergreen Intrinsic Value Calculation – PACTIV EVERGREEN Reports Second Quarter Earnings for Fiscal Year 2023
August 22, 2023
🌥️Earnings Overview
On August 2 2023, PACTIV EVERGREEN ($NASDAQ:PTVE) announced their financial results for the second quarter of Fiscal Year 2023, which ended on June 30 2023. Total revenue was USD 1426.0 million, representing a 13.0% decrease from the same quarter in the previous year. Net income for the quarter amounted to USD -139.0 million, in contrast to the USD 73.0 million reported for the same quarter in the prior year.
Share Price
The stock opened at $8.4 and closed at the same level, down by 0.9 % from the previous closing price of 8.5. PACTIV EVERGREEN will continue to focus on its core operations in order to maximize value for its shareholders. The company has alluded to an upcoming strategic plan which will focus on expanding their existing operations, while continuing to invest in new technologies that will give them an edge over their competition. As a result, analysts remain bullish on PACTIV EVERGREEN’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pactiv Evergreen. More…
| Total Revenues | Net Income | Net Margin |
| 5.94k | -71 | -2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pactiv Evergreen. More…
| Operations | Investing | Financing |
| 463 | 57 | -477 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pactiv Evergreen. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.63k | 5.34k | 7.19 |
Key Ratios Snapshot
Some of the financial key ratios for Pactiv Evergreen are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -14.1% | -51.6% | 3.8% |
| FCF Margin | ROE | ROA |
| 3.4% | 10.6% | 2.1% |
Analysis – Pactiv Evergreen Intrinsic Value Calculation
At GoodWhale, we provide detailed analysis of companies’ wellbeing, and recently, we have been looking into PACTIV EVERGREEN. Our proprietary Valuation Line has calculated the intrinsic value of PACTIV EVERGREEN’s share to be around $12.2. Unfortuntely, the current price of the stock is only $8.4, which is undervalued by 31.0%. Therefore, PACTIV EVERGREEN’s stock is definitely worth considering for investment or purchase. More…
Peers
Pactiv Evergreen Inc is one of the leading companies in the packaging industry. It has a strong presence in North America and Europe. The company’s main competitors are FP Corp, Vidrala SA, and Chuo Kagaku Co Ltd.
– FP Corp ($TSE:7947)
General Electric Co is an American multinational conglomerate corporation incorporated in New York and headquartered in Boston. As of 2018, the company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, Transportation, and Capital. In 2018, GE ranked among the Fortune 500 as the 18th-largest firm in the U.S. by gross revenue. As of 2018, the company has 130,000 employees worldwide.
General Electric’s market cap is 300.33B as of 2022 and its ROE is 7.32%. The company is a Conglomerate that consists of many different businesses including Aviation, Healthcare, Transportation, and Capital.
– Vidrala SA ($OTCPK:VDRFF)
Vidrala SA is a Spanish glass packaging company. The company has a market cap of 1.93B as of 2022 and a return on equity of 8.95%. Vidrala SA produces a variety of glass packaging products for food and beverage companies. The company has a strong presence in Europe and South America.
– Chuo Kagaku Co Ltd ($TSE:7895)
Chuo Kagaku Co Ltd is a Japanese company that manufactures and sells a variety of chemicals and products. The company has a market cap of 6.37B as of 2022 and a return on equity of 2.95%. Chuo Kagaku is a leading manufacturer of chemicals and products used in a variety of industries, including the automotive, electronics, and construction industries. The company’s products are used in a variety of applications, including as adhesives, coatings, and sealants.
Summary
PACTIV EVERGREEN‘s second quarter earnings report for the 2023 fiscal year revealed a 13% decrease in total revenue, from USD 1426.0 million to USD -139.0 million. Net income for the quarter was reported at USD -139.0 million, a stark difference from the same quarter in the previous year, where it reported at USD 73.0 million. This is a difficult time for investors in PACTIV EVERGREEN, as their stock has been affected by the decreased revenue and earnings. Investors should wait for more data before making a decision about investing in PACTIV EVERGREEN and should consider researching other companies in the same sector.
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