CROWN HOLDINGS Sees Potential for Even Greater Growth in Aluminum Beverage Container Market
December 2, 2023
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The company is well-positioned to capitalize on the growing aluminum beverage container market, which is experiencing rapid growth and is projected to reach even greater heights over the next few years. The aluminum beverage container market has seen an increase in demand due to its lightweight and recyclable properties, as well as its ability to protect and preserve the taste and quality of beverages. CROWN HOLDINGS ($NYSE:CCK) is well-positioned to take advantage of this growth, as it is an established player in the market. The company manufactures aluminum cans and bottles for a variety of beverage categories, including beer, soft drinks, water, juice, energy drinks, spirits, and wine. It also provides its customers with innovative packaging solutions such as easy-open ends, resealable closures, and reclosable lids.
Stock Price
CROWN HOLDINGS opened Monday on the New York Stock Exchange at $82.4, closing at $82.6, a decline of 0.4% from the previous closing price of $82.9. With the increasing popularity of eco-friendly and sustainable packaging materials, aluminum has become a go-to option for many companies looking to reduce their environmental impact. CROWN HOLDINGS has been able to capitalize on this trend, and is now one of the leading manufacturers of aluminum containers in the world. They offer an extensive range of products, catering to a variety of needs, and have been able to expand their market share by offering competitive pricing and superior quality.
Looking ahead, CROWN HOLDINGS believes that their products have the potential to become even more popular with consumers. They are currently exploring new ways to increase their presence in the market, such as expanding into new markets, introducing new product lines, and exploring collaborations with other companies. With these efforts, they remain confident that they can continue to grow and be a major player in the aluminum beverage container market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crown Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 12.16k | 507 | 4.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crown Holdings. More…
| Operations | Investing | Financing |
| 1.5k | -750 | -292 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crown Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.32k | 11.49k | 19.4 |
Key Ratios Snapshot
Some of the financial key ratios for Crown Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.2% | 3.3% | 9.9% |
| FCF Margin | ROE | ROA |
| 5.4% | 33.0% | 5.3% |
Analysis
At GoodWhale, we conducted an analysis of CROWN HOLDINGS’ wellbeing. Our Star Chart shows that CROWN HOLDINGS is strong in asset, medium in dividend, profitability and weak in growth. Based on this analysis, we have classified CROWN HOLDINGS as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Investors who seek long-term income, such as pension funds or retirees, may find CROWN HOLDINGS an attractive option since its dividends are reliable. Additionally, CROWN HOLDINGS health score of 7/10 indicates that its cashflows and debt are healthy and it is capable of sustaining future operations even during times of crisis. More…
Peers
Crown Holdings Inc. is one of the leading companies in the metal packaging industry. It has a strong presence in North America, Europe, and Asia. The company’s main competitors are Great China Metal Industry Co Ltd, Xiamen Jihong Technology Co Ltd, Huhtamäki Oyj.
– Great China Metal Industry Co Ltd ($TWSE:9905)
Great China Metal Industry Co Ltd is a Chinese company that manufactures metal products. Its market cap as of 2022 is 7.44B and its ROE is 5.87%. The company has a wide range of products that it manufactures, including metal pipes, metal plates, metal sheets, and metal wire. It also has a wide range of customers, including both domestic and international companies.
– Xiamen Jihong Technology Co Ltd ($SZSE:002803)
Xiamen Jihong Technology Co Ltd is a Chinese company that manufactures and sells electronic products. The company has a market cap of 4.46B as of 2022 and a Return on Equity of 6.26%. The company’s products include mobile phones, digital cameras, and other electronic devices.
– Huhtamäki Oyj ($LTS:0K9W)
Huthamaki Oyj is a Finnish food packaging company. It is headquartered in Espoo, Finland. The company was founded in 1920. It is listed on the Nasdaq Helsinki stock exchange. The company’s products include paper and plastic cups, plates, and containers. The company has operations in Europe, Asia, and North America.
Summary
Crown Holdings Inc. (CROWN) is a leading provider of packaging solutions for food, beverages and other consumer products. With its extensive global presence, Crown has seen sustained growth in recent years and is well-positioned to capitalize on the expanding global demand for aluminum beverage containers. CROWN boasts a strong balance sheet and a resilient business model, allowing it to withstand difficult economic conditions and remain a reliable dividend payer. Analysts forecast further growth for CROWN due to the increasing global popularity of aluminum beverage containers, as well as the company’s ability to capitalize on new product innovations and cost control measures.
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