Crown Holdings, Inc. (CCK) vs Packaging Corporation of America (PKG)

Crown Holdings, Inc. and Packaging Corporation of America are both Packaging & Containers companies. Packaging Corporation of America is the larger, with a market value of $21.2B against $11.5B — 1.8× the size. Crown Holdings, Inc. trades at the lower P/E: 15.5× against 30.7×. Packaging Corporation of America has the higher net margin (7.21% vs 5.91%) and the lower return on invested capital (8.05% vs 11.6%). Both pay a dividend; Packaging Corporation of America yields more (3.01% vs 1.10%). Across the 22 metrics below, Crown Holdings, Inc. leads on 13 and Packaging Corporation of America on 9.

Valuation

Metric CCK PKG Packaging & Containers median
P/E 15.48 30.68 15.79
P/S 0.89 2.20 0.88
P/B 3.51 4.50 1.60
Price to free cash flow 9.50 28.21 13.41
EV/EBITDA 8.24 13.63 9.04
EV/Sales 1.30 2.60 1.31
Earnings yield 6.46% 3.26% 5.04%
Free cash flow yield 10.52% 3.54% 6.34%

Profitability

Metric CCK PKG Packaging & Containers median
Gross margin 17.44% 20.11% 20.03%
Operating margin 12.27% 10.86% 8.36%
Net margin 5.91% 7.21% 4.53%
Free cash flow margin 9.38% 7.80% 5.14%
Return on equity 23.27% 14.79% 11.28%
Return on assets 5.40% 6.85% 4.29%
Return on invested capital 11.59% 8.05% 6.43%

Growth

Metric CCK PKG Packaging & Containers median
Revenue growth (TTM) 10.35% 10.35% 9.10%
EPS growth (last fiscal year) 79.72% (3.92%) —
Revenue growth, 5-year CAGR 5.65% 6.19% 5.66%
Net income growth, 5-year CAGR 4.97% 10.95% 0.00%

Health

Metric CCK PKG Packaging & Containers median
Debt to equity 1.80 0.85 0.78
Current ratio 1.05 2.94 1.29
Net debt to EBITDA 2.59 1.91 2.65

Dividend

Metric CCK PKG Packaging & Containers median
Dividend yield 1.10% 3.01% 2.79%
Payout ratio 0.23 0.53 0.28

Size

Metric CCK PKG Packaging & Containers median
Market cap 11.50b 21.22b 3.71b

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