Sonoco Products Intrinsic Stock Value – Sonoco to Announce Third Quarter 2023 Financial Results
October 26, 2023
🌥️Trending News
Sonoco Products ($NYSE:SON) Company, a global provider of consumer packaging, industrial products and packaging services, is scheduled to release its financial results for the third quarter of 2023. Its product portfolio includes paperboard and paper-based packaging, plastic containers, metal cans, corrugated boxes, and plastic films. It will also give analysts an indication of the company’s overall growth trajectory and what to expect from Sonoco in the upcoming quarters. Investors should monitor the release closely as it may provide clues into the company’s future outlook.
Share Price
On Wednesday, SONOCO PRODUCTS announced its financial results for the third quarter of 2023. Stock opened at $50.2 and closed at $50.5, down 0.2% from the previous day’s closing price of 50.6. The results were in line with market expectations, but investors were wary about the future of the company given the volatile market conditions.
The company serves customers in a variety of industries and markets worldwide, producing consumer packaging, industrial and protective solutions, and paper and industrial converted products. With its strong market position and diverse product portfolio, SONOCO PRODUCTS is well-positioned to deliver long-term growth and value creation for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sonoco Products. More…
| Total Revenues | Net Income | Net Margin |
| 7k | 482.4 | 6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sonoco Products. More…
| Operations | Investing | Financing |
| 673.17 | -341.6 | -194.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sonoco Products. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.05k | 4.75k | 23.4 |
Key Ratios Snapshot
Some of the financial key ratios for Sonoco Products are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | 10.9% | 10.3% |
| FCF Margin | ROE | ROA |
| 4.7% | 20.1% | 6.4% |
Analysis – Sonoco Products Intrinsic Stock Value
At GoodWhale, we have conducted a financial analysis of SONOCO PRODUCTS, a leading global manufacturer of consumer and industrial packaging, using our proprietary Valuation Line. Based on our analysis, the intrinsic value of SONOCO PRODUCTS share is estimated to be around $68.7. In comparison, SONOCO PRODUCTS stock is currently trading at $50.5, which means it is currently undervalued by 26.4%. This presents a great opportunity for investors to buy into SONOCO PRODUCTS at a discount. More…
Peers
The company has operations in 34 countries and serves customers in over 85 countries. Sonoco has been in business for over 100 years and is a publicly traded company on the New York Stock Exchange. The company’s competitors include Huhtamaki India Ltd, Huhtamäki Oyj, and Shanghai Xintonglian Packing Co Ltd.
– Huhtamaki India Ltd ($BSE:509820)
Huthamaki India Ltd is a food packaging company with a market cap of 16.63B as of 2022. The company has a return on equity of 2.38%. Huthamaki India Ltd is a leading manufacturer of food packaging products and solutions. The company provides innovative and sustainable packaging solutions for food and beverage products. Huthamaki India Ltd has a strong presence in the Indian market with a wide range of products. The company has a strong commitment to quality and customer satisfaction.
– Huhtamäki Oyj ($LTS:0K9W)
Huhtamäki Oyj is a Finnish packaging company. It is headquartered in Espoo, Finland and has operations in over 40 countries. The company is listed on the Nasdaq Helsinki stock exchange.
Huhtamäki Oyj has a market cap of 3.7B as of 2022. The company has a Return on Equity of 14.22%. Huhtamäki Oyj is a Finnish packaging company. It is headquartered in Espoo, Finland and has operations in over 40 countries. The company is listed on the Nasdaq Helsinki stock exchange.
– Shanghai Xintonglian Packing Co Ltd ($SHSE:603022)
Shanghai Xintonglian Packing Co Ltd is a company that produces and sells packaging products. It has a market cap of 2.02B as of 2022 and a Return on Equity of 3.94%. The company has a wide range of products that include paper bags, plastic bags, and other packaging materials.
Summary
Sonoco Products (SON) is a global provider of industrial and consumer packaging products and services. The company is set to report its third quarter 2023 results. Investors will be eager to review the company’s financials to evaluate its performance. Specifically, they will be looking to see if Sonoco’s sales and profits have improved, how their segment-level performance has been, and if their balance sheet is in good shape.
Additionally, investors will be interested in the company’s outlook for the year, such as their expectations for future revenue and profit growth. Furthermore, investors will want to know if Sonoco Products has been able to return value to shareholders through dividend payments or share repurchases. Overall, investors are expecting to see strong performance from Sonoco Products in the third quarter of 2023.
