Graphic Packaging Holding Company (GPK) vs TriMas Corporation (TRS)

Graphic Packaging Holding Company and TriMas Corporation are both Packaging & Containers companies. Graphic Packaging Holding Company is the larger, with a market value of $2.8B against $1.4B — 1.9× the size. TriMas Corporation trades at the lower P/E: 1.6× against 14.2×. TriMas Corporation grew revenue faster over the last twelve months: 57.5% against 0.02%. TriMas Corporation has the higher net margin (117.9% vs 2.25%) and the lower return on invested capital (−0.77% vs 3.62%). Both pay a dividend; Graphic Packaging Holding Company yields more (1.60% vs 0.66%). Across the 22 metrics below, Graphic Packaging Holding Company leads on 11 and TriMas Corporation on 11.

Valuation

Metric GPK TRS Packaging & Containers median
P/E 14.21 1.63 15.79
P/S 0.32 1.83 0.88
P/B 0.86 0.97 1.60
Price to free cash flow 14.72 n/m 13.41
EV/EBITDA 7.71 11.91 9.04
EV/Sales 0.95 0.73 1.31
Earnings yield 7.04% 61.46% 5.04%
Free cash flow yield 6.79% (0.81%) 6.34%

Profitability

Metric GPK TRS Packaging & Containers median
Gross margin 15.46% 22.28% 20.03%
Operating margin 5.84% (0.95%) 8.36%
Net margin 2.25% 117.92% 4.53%
Free cash flow margin 2.19% (1.48%) 5.14%
Return on equity 6.01% 83.90% 11.28%
Return on assets 1.65% 49.05% 4.29%
Return on invested capital 3.62% (0.77%) 6.43%

Growth

Metric GPK TRS Packaging & Containers median
Revenue growth (TTM) 0.02% 57.49% 9.10%
EPS growth (last fiscal year) (31.48%) 400.00% —
Revenue growth, 5-year CAGR 5.61% (3.46%) 5.66%
Net income growth, 5-year CAGR 21.60% 0.00% 0.00%

Health

Metric GPK TRS Packaging & Containers median
Debt to equity 1.75 0.28 0.78
Current ratio 1.38 5.44 1.29
Net debt to EBITDA 3.95 4.42 2.65

Dividend

Metric GPK TRS Packaging & Containers median
Dividend yield 1.60% 0.66% 2.79%
Payout ratio 0.16 0.14 0.28

Size

Metric GPK TRS Packaging & Containers median
Market cap 2.77b 1.43b 3.71b

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