Greif Inc. (GEF.B) vs Ranpak Holdings Corp (PACK)

Greif Inc. and Ranpak Holdings Corp are both Packaging & Containers companies. Greif Inc. is the larger, with a market value of $3.7B against $361.9M — 10.3× the size. Ranpak Holdings Corp has negative trailing earnings, so its P/E is not meaningful; Greif Inc. trades at 14.3×. Ranpak Holdings Corp grew revenue faster over the last twelve months: 9.77% against −10.1%. Greif Inc. has the higher net margin (6.81% vs −9.09%) and the higher return on invested capital (7.77% vs −0.91%). Across the 21 metrics below, Greif Inc. leads on 15 and Ranpak Holdings Corp on 6.

Valuation

Metric GEF.B PACK Packaging & Containers median
P/E 14.26 n/m 15.79
P/S 1.14 0.90 0.88
P/B 1.64 0.72 1.60
Price to free cash flow 7.40 29.84 13.41
EV/EBITDA 6.81 13.13 9.04
EV/Sales 1.32 1.76 1.31
Earnings yield 7.01% (10.02%) 5.04%
Free cash flow yield 13.52% 3.35% 6.34%

Profitability

Metric GEF.B PACK Packaging & Containers median
Gross margin 22.42% 33.57% 20.03%
Operating margin 10.83% (3.06%) 8.36%
Net margin 6.81% (9.09%) 4.53%
Free cash flow margin 15.46% 1.72% 5.14%
Return on equity 11.28% (7.18%) 11.28%
Return on assets 4.78% (3.40%) 4.29%
Return on invested capital 7.77% (0.91%) 6.43%

Growth

Metric GEF.B PACK Packaging & Containers median
Revenue growth (TTM) (10.05%) 9.77% 9.10%
EPS growth (last fiscal year) (21.72%) (95.65%) —
Revenue growth, 5-year CAGR 3.46% 5.78% 5.66%
Net income growth, 5-year CAGR 17.14% 0.00% 0.00%

Health

Metric GEF.B PACK Packaging & Containers median
Debt to equity 0.35 0.77 0.78
Current ratio 1.29 1.79 1.29
Net debt to EBITDA 3.55 7.76 2.65

Dividend

Metric GEF.B PACK Packaging & Containers median
Dividend yield 3.22% — 2.79%
Payout ratio 0.30 0.00 0.28

Size

Metric GEF.B PACK Packaging & Containers median
Market cap 3.71b 361.90m 3.71b

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