Ardagh Metal Packaging S.A. (AMBP) vs Graphic Packaging Holding Company (GPK)

Ardagh Metal Packaging S.A. and Graphic Packaging Holding Company are both Packaging & Containers companies. Ardagh Metal Packaging S.A. and Graphic Packaging Holding Company are of similar size ($2.8B and $2.6B). Graphic Packaging Holding Company trades at the lower P/E: 14.2× against 73.0×. Ardagh Metal Packaging S.A. grew revenue faster over the last twelve months: 14.5% against 0.02%. Graphic Packaging Holding Company has the higher net margin (2.25% vs 0.42%) and the lower return on invested capital (3.62% vs 5.36%). Both pay a dividend; Ardagh Metal Packaging S.A. yields more (11.0% vs 1.60%). Across the 22 metrics below, Graphic Packaging Holding Company leads on 13 and Ardagh Metal Packaging S.A. on 9.

Valuation

Metric AMBP GPK Packaging & Containers median
P/E 73.00 14.21 15.79
P/S 0.44 0.32 0.88
P/B n/m 0.86 1.60
Price to free cash flow 10.27 14.72 13.41
EV/EBITDA 8.80 7.71 9.04
EV/Sales 1.13 0.95 1.31
Earnings yield 1.37% 7.04% 5.04%
Free cash flow yield 9.74% 6.79% 6.34%

Profitability

Metric AMBP GPK Packaging & Containers median
Gross margin 12.72% 15.46% 20.03%
Operating margin 4.87% 5.84% 8.36%
Net margin 0.42% 2.25% 4.53%
Free cash flow margin 5.14% 2.19% 5.14%
Return on equity (4.68%) 6.01% 11.28%
Return on assets 0.45% 1.65% 4.29%
Return on invested capital 5.36% 3.62% 6.43%

Growth

Metric AMBP GPK Packaging & Containers median
Revenue growth (TTM) 14.53% 0.02% 9.10%
EPS growth (last fiscal year) 60.00% (31.48%) —
Revenue growth, 5-year CAGR 9.76% 5.61% 5.66%
Net income growth, 5-year CAGR 0.00% 21.60% 0.00%

Health

Metric AMBP GPK Packaging & Containers median
Debt to equity (5.79) 1.75 0.78
Current ratio 1.06 1.38 1.29
Net debt to EBITDA 5.51 3.95 2.65

Dividend

Metric AMBP GPK Packaging & Containers median
Dividend yield 11.02% 1.60% 2.79%
Payout ratio 5.00 0.16 0.28

Size

Metric AMBP GPK Packaging & Containers median
Market cap 2.58b 2.77b 3.71b

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