Avery Dennison Corporation (AVY) vs Crown Holdings, Inc. (CCK)

Avery Dennison Corporation and Crown Holdings, Inc. are both Packaging & Containers companies. Avery Dennison Corporation is the larger, with a market value of $12.8B against $11.5B — 1.1× the size. Crown Holdings, Inc. trades at the lower P/E: 15.5× against 18.7×. Crown Holdings, Inc. grew revenue faster over the last twelve months: 10.4% against 5.84%. Avery Dennison Corporation has the higher net margin (7.62% vs 5.91%) and the higher return on invested capital (12.9% vs 11.6%). Both pay a dividend; Avery Dennison Corporation yields more (1.63% vs 1.10%). Across the 23 metrics below, Crown Holdings, Inc. leads on 13 and Avery Dennison Corporation on 10.

Valuation

Metric AVY CCK Packaging & Containers median
P/E 18.66 15.48 15.79
P/S 1.41 0.89 0.88
P/B 5.60 3.51 1.60
Price to free cash flow 12.49 9.50 13.41
EV/EBITDA 11.12 8.24 9.04
EV/Sales 1.72 1.30 1.31
Earnings yield 5.36% 6.46% 5.04%
Free cash flow yield 8.01% 10.52% 6.34%

Profitability

Metric AVY CCK Packaging & Containers median
Gross margin 28.98% 17.44% 20.03%
Operating margin 11.80% 12.27% 8.36%
Net margin 7.62% 5.91% 4.53%
Free cash flow margin 11.25% 9.38% 5.14%
Return on equity 31.16% 23.27% 11.28%
Return on assets 7.93% 5.40% 4.29%
Return on invested capital 12.93% 11.59% 6.43%

Growth

Metric AVY CCK Packaging & Containers median
Revenue growth (TTM) 5.84% 10.35% 9.10%
EPS growth (last fiscal year) 0.69% 79.72% —
Revenue growth, 5-year CAGR 4.90% 5.65% 5.66%
Net income growth, 5-year CAGR 4.36% 4.97% 0.00%

Health

Metric AVY CCK Packaging & Containers median
Debt to equity 1.37 1.80 0.78
Current ratio 1.13 1.05 1.29
Net debt to EBITDA 2.19 2.59 2.65

Dividend

Metric AVY CCK Packaging & Containers median
Dividend yield 1.63% 1.10% 2.79%
Payout ratio 0.44 0.23 0.28

Size

Metric AVY CCK Packaging & Containers median
Market cap 12.81b 11.50b 3.71b

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