Myers Industries, Inc. (MYE) vs Ranpak Holdings Corp (PACK)

Myers Industries, Inc. and Ranpak Holdings Corp are both Packaging & Containers companies. Myers Industries, Inc. is the larger, with a market value of $1.2B against $361.9M — 3.3× the size. Ranpak Holdings Corp has negative trailing earnings, so its P/E is not meaningful; Myers Industries, Inc. trades at 32.3×. Myers Industries, Inc. grew revenue faster over the last twelve months: 15.1% against 9.77%. Myers Industries, Inc. has the higher net margin (4.34% vs −9.09%) and the higher return on invested capital (10.1% vs −0.91%). Across the 21 metrics below, Myers Industries, Inc. leads on 16 and Ranpak Holdings Corp on 5.

Valuation

Metric MYE PACK Packaging & Containers median
P/E 32.33 n/m 15.79
P/S 1.39 0.90 0.88
P/B 3.84 0.72 1.60
Price to free cash flow 12.55 29.84 13.41
EV/EBITDA 10.73 13.13 9.04
EV/Sales 1.72 1.76 1.31
Earnings yield 3.09% (10.02%) 5.04%
Free cash flow yield 7.97% 3.35% 6.34%

Profitability

Metric MYE PACK Packaging & Containers median
Gross margin 34.67% 33.57% 20.03%
Operating margin 11.07% (3.06%) 8.36%
Net margin 4.34% (9.09%) 4.53%
Free cash flow margin 11.11% 1.72% 5.14%
Return on equity 12.39% (7.18%) 11.28%
Return on assets 4.29% (3.40%) 4.29%
Return on invested capital 10.12% (0.91%) 6.43%

Growth

Metric MYE PACK Packaging & Containers median
Revenue growth (TTM) 15.10% 9.77% 9.10%
EPS growth (last fiscal year) 389.47% (95.65%) —
Revenue growth, 5-year CAGR 10.10% 5.78% 5.66%
Net income growth, 5-year CAGR (1.02%) 0.00% 0.00%

Health

Metric MYE PACK Packaging & Containers median
Debt to equity 1.04 0.77 0.78
Current ratio 1.61 1.79 1.29
Net debt to EBITDA 2.65 7.76 2.65

Dividend

Metric MYE PACK Packaging & Containers median
Dividend yield 2.94% — 2.79%
Payout ratio 0.39 0.00 0.28

Size

Metric MYE PACK Packaging & Containers median
Market cap 1.19b 361.90m 3.71b

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