Ardagh Metal Packaging S.A. (AMBP) vs Ranpak Holdings Corp (PACK)

Ardagh Metal Packaging S.A. and Ranpak Holdings Corp are both Packaging & Containers companies. Ardagh Metal Packaging S.A. is the larger, with a market value of $2.6B against $361.9M — 7.1× the size. Ranpak Holdings Corp has negative trailing earnings, so its P/E is not meaningful; Ardagh Metal Packaging S.A. trades at 73.0×. Ardagh Metal Packaging S.A. grew revenue faster over the last twelve months: 14.5% against 9.77%. Ardagh Metal Packaging S.A. has the higher net margin (0.42% vs −9.09%) and the higher return on invested capital (5.36% vs −0.91%). Across the 19 metrics below, Ardagh Metal Packaging S.A. leads on 17 and Ranpak Holdings Corp on 2.

Valuation

Metric AMBP PACK Packaging & Containers median
P/E 73.00 n/m 15.79
P/S 0.44 0.90 0.88
P/B n/m 0.72 1.60
Price to free cash flow 10.27 29.84 13.41
EV/EBITDA 8.80 13.13 9.04
EV/Sales 1.13 1.76 1.31
Earnings yield 1.37% (10.02%) 5.04%
Free cash flow yield 9.74% 3.35% 6.34%

Profitability

Metric AMBP PACK Packaging & Containers median
Gross margin 12.72% 33.57% 20.03%
Operating margin 4.87% (3.06%) 8.36%
Net margin 0.42% (9.09%) 4.53%
Free cash flow margin 5.14% 1.72% 5.14%
Return on equity (4.68%) (7.18%) 11.28%
Return on assets 0.45% (3.40%) 4.29%
Return on invested capital 5.36% (0.91%) 6.43%

Growth

Metric AMBP PACK Packaging & Containers median
Revenue growth (TTM) 14.53% 9.77% 9.10%
EPS growth (last fiscal year) 60.00% (95.65%) —
Revenue growth, 5-year CAGR 9.76% 5.78% 5.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AMBP PACK Packaging & Containers median
Debt to equity (5.79) 0.77 0.78
Current ratio 1.06 1.79 1.29
Net debt to EBITDA 5.51 7.76 2.65

Dividend

Metric AMBP PACK Packaging & Containers median
Dividend yield 11.02% — 2.79%
Payout ratio 5.00 0.00 0.28

Size

Metric AMBP PACK Packaging & Containers median
Market cap 2.58b 361.90m 3.71b

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