Ranpak Holdings Intrinsic Value – RANPAK HOLDINGS Reports Strong Earnings for Second Quarter of FY2023
August 10, 2023
☀️Earnings Overview
On June 30th 2023, RANPAK HOLDINGS ($NYSE:PACK) reported their financial results for the second quarter of FY2023. The company’s total revenue for this period was USD 81.9 million, a drop of 5.6% compared to the same period in the previous year. Net income for the quarter saw an improvement from -11.3 million last year, coming in at -2.1 million.
Market Price
On Thursday, RANPAK HOLDINGS reported an impressive increase in their second quarter earnings for fiscal year 2023. This news resulted in a surge of investors’ confidence and the company’s stock opened the day at $6.3, before closing at $6.4, a 10.0% increase from the previous closing price of 5.8. The impressive increase in RANPAK HOLDINGS’ earnings was driven by their extensive array of products, services and solutions. Their investments in research and development to introduce new and innovative products has enabled them to capitalize on growth opportunities in a competitive market. RANPAK HOLDINGS’ strong performance has been bolstered by their commitment to customer satisfaction and their dedication to quality assurance.
With their reliable delivery network and customer service, they have created customers that are satisfied with their products and services. Overall, the strong second quarter earnings reported by RANPAK HOLDINGS highlights their commitment to delivering value to its customers and shareholders. With the increasing demand for their products and services, RANPAK HOLDINGS is well-positioned for continued success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ranpak Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 320.3 | -30.5 | -9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ranpak Holdings. More…
| Operations | Investing | Financing |
| 34 | -39.3 | -1.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ranpak Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.14k | 548.4 | 7.16 |
Key Ratios Snapshot
Some of the financial key ratios for Ranpak Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.0% | -23.9% | -5.7% |
| FCF Margin | ROE | ROA |
| -4.1% | -1.9% | -1.0% |
Analysis – Ranpak Holdings Intrinsic Value
GoodWhale has conducted an analysis of RANPAK HOLDINGS‘s wellbeing and has determined their intrinsic value to be approximately $13.2. This was calculated using our proprietary Valuation Line, which is a combination of financial metrics and qualitative insights. Currently, RANPAK HOLDINGS stock is trading at $6.4, representing a 51.5% discount from the intrinsic value and presenting an excellent opportunity to invest. More…
Peers
In the global packaging industry, Ranpak Holdings Corp competes with Smurfit Kappa Group PLC, PT Fajar Surya Wisesa Tbk, Tat Seng Packaging Group Ltd, and other companies. The company has a strong position in the market with its innovative products and efficient operations.
– Smurfit Kappa Group PLC ($OTCPK:SMFKY)
Smurfit Kappa Group PLC is one of the world’s leading producers of paper-based packaging with operations in 35 countries. The company has a market cap of 8.68B as of 2022 and a Return on Equity of 18.67%. Smurfit Kappa Group PLC is committed to being the best provider of paper-based packaging solutions in the world. The company offers a wide range of products and services to meet the needs of its customers, from design and manufacturing to logistics and distribution.
– PT Fajar Surya Wisesa Tbk ($IDX:FASW)
Fajar Surya Wisesa Tbk is an Indonesian company that produces and supplies paper products. It has a market cap of 14.99T as of 2022 and a Return on Equity of 12.63%. The company has been in operation since 1967 and has since grown to become one of the largest paper companies in Indonesia. Fajar Surya Wisesa Tbk produces a variety of paper products including office paper, packaging paper, and tissue paper.
– Tat Seng Packaging Group Ltd ($SGX:T12)
Tat Seng Packaging Group Ltd is a leading packaging solutions provider in Asia with over 50 years of experience. The company offers a wide range of packaging products and services for a variety of industries including food and beverage, healthcare, personal care, and more. Tat Seng Packaging Group Ltd has a market cap of 99.82M as of 2022 and a return on equity of 13.98%. The company’s strong financial performance and experienced management team make it a well-positioned player in the packaging industry.
Summary
RANPAK HOLDINGS reported their second quarter earnings for FY2023 on June 30th 2023, displaying a 5.6% decrease in total revenue compared to the same period last year. However, the company was able to improve on their net income from -11.3 million to -2.1 million, which was sufficient to send the stock price up on the same day. Despite the slight drop in revenue, investors may be optimistic about the company’s financial health after seeing the improvement in net income, and may want to consider a possible investment in RANPAK HOLDINGS.
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