O-I Glass, Inc. (OI) vs TriMas Corporation (TRS)

O-I Glass, Inc. and TriMas Corporation are both Packaging & Containers companies. TriMas Corporation is the larger, with a market value of $1.4B against $900.5M — 1.6× the size. O-I Glass, Inc. has negative trailing earnings, so its P/E is not meaningful; TriMas Corporation trades at 1.6×. TriMas Corporation grew revenue faster over the last twelve months: 57.5% against −1.87%. TriMas Corporation has the higher net margin (117.9% vs −18.1%) and the lower return on invested capital (−0.77% vs 6.43%). Across the 19 metrics below, TriMas Corporation leads on 12 and O-I Glass, Inc. on 7.

Valuation

Metric OI TRS Packaging & Containers median
P/E n/m 1.63 15.79
P/S 0.14 1.83 0.88
P/B 1.67 0.97 1.60
Price to free cash flow n/m n/m 13.41
EV/EBITDA 5.39 11.91 9.04
EV/Sales 0.85 0.73 1.31
Earnings yield (128.33%) 61.46% 5.04%
Free cash flow yield (2.78%) (0.81%) 6.34%

Profitability

Metric OI TRS Packaging & Containers median
Gross margin 14.82% 22.28% 20.03%
Operating margin 8.08% (0.95%) 8.36%
Net margin (18.13%) 117.92% 4.53%
Free cash flow margin (0.39%) (1.48%) 5.14%
Return on equity (128.97%) 83.90% 11.28%
Return on assets (13.35%) 49.05% 4.29%
Return on invested capital 6.43% (0.77%) 6.43%

Growth

Metric OI TRS Packaging & Containers median
Revenue growth (TTM) (1.87%) 57.49% 9.10%
EPS growth (last fiscal year) (21.74%) 400.00% —
Revenue growth, 5-year CAGR 1.08% (3.46%) 5.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric OI TRS Packaging & Containers median
Debt to equity 8.89 0.28 0.78
Current ratio 1.26 5.44 1.29
Net debt to EBITDA 3.69 4.42 2.65

Dividend

Metric OI TRS Packaging & Containers median
Dividend yield — 0.66% 2.79%
Payout ratio 0.00 0.14 0.28

Size

Metric OI TRS Packaging & Containers median
Market cap 900.45m 1.43b 3.71b

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