Company Valuation: Packaging Corporation of America

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,842 11,752 14,491 20,075 18,431 20,239 - -
Change - -8.49% 23.31% 38.53% -8.19% 9.81% - -
Enterprise Value (EV) 1 14,869 14,139 16,230 21,769 21,798 23,571 23,280 23,038
Change - -4.91% 14.79% 34.12% 0.13% 8.14% -1.23% -1.04%
P/E 15.4x 11.6x 19.2x 25.2x 24x 23.5x 16.3x 15.5x
PBR 3.53x 3.23x 3.65x 4.58x 4x 4.13x 3.67x 3.25x
PEG - 0.5x -0.8x 4.75x -6.12x 1.8x 0.4x 3.06x
Capitalization / Revenue 1.66x 1.39x 1.86x 2.39x 2.05x 2.01x 1.87x 1.82x
EV / Revenue 1.92x 1.67x 2.08x 2.6x 2.42x 2.34x 2.15x 2.07x
EV / EBITDA 8.93x 7.5x 10.1x 13.3x 11.7x 11.2x 9.44x 9.09x
EV / EBIT 11.9x 9.86x 14.7x 19.5x 17.3x 17.1x 13.4x 12.7x
EV / FCF 30.4x 21.1x 19.2x 41.7x 29.9x 31.1x 20.9x 15.4x
FCF Yield 3.29% 4.74% 5.21% 2.4% 3.34% 3.22% 4.79% 6.49%
Dividend per Share 2 4 4.75 5 5 5 5.314 5.521 5.458
Rate of return 2.94% 3.71% 3.07% 2.22% 2.42% 2.33% 2.42% 2.39%
EPS 2 8.83 11.03 8.48 8.93 8.58 9.705 14.02 14.73
Distribution rate 45.3% 43.1% 59% 56% 58.3% 54.8% 39.4% 37%
Net sales 1 7,730 8,478 7,802 8,383 8,989 10,085 10,830 11,134
EBITDA 1 1,665 1,886 1,604 1,637 1,862 2,098 2,465 2,535
EBIT 1 1,253 1,434 1,101 1,114 1,258 1,382 1,737 1,818
Net income 1 841.1 1,030 759 799.5 768.9 866.3 1,240 1,286
Net Debt 1 2,028 2,388 1,739 1,694 3,366 3,332 3,041 2,799
Reference price 2 136.15 127.91 162.91 225.13 206.23 228.54 228.54 228.54
Nbr of stocks (in thousands) 94,319 91,873 88,953 89,169 89,371 88,557 - -
Announcement Date 1/26/22 1/25/23 1/24/24 1/28/25 1/27/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.72x1.1x7.12x4.31% 22.28B
23.55x2.34x11.24x2.33% 20.24B
25.85x1.06x8.05x5.61% 16.93B
19.98x2.29x9.36x1.88% 6.17B
19.59x2.31x13.77x2.79% 5.22B
12.37x1.14x6.58x4.39% 4.82B
-76.07x0.83x7.97x2.16% 4.6B
18.47x1.3x8.45x2.65% 3.74B
5.7x1.22x8.65x1.94% 3.19B
Average 8.02x 1.51x 9.02x 3.12% 9.69B
Weighted average by Cap. 16.55x 1.54x 8.94x 3.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation Packaging Corporation of America