Company Valuation: Graphic Packaging Holding Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,988 6,833 7,544 8,152 4,445 3,225 - -
Change - 14.11% 10.4% 8.05% -45.48% -27.44% - -
Enterprise Value (EV) 1 11,610 11,936 12,778 13,204 9,776 8,020 7,637 7,659
Change - 2.81% 7.05% 3.33% -25.96% -17.96% -4.78% 0.29%
P/E 28.7x 13.2x 10.5x 12.6x 10.2x 22.1x 10.6x 9.47x
PBR 3.17x 3.18x 2.71x 2.71x 1.33x 0.98x 0.94x 0.93x
PEG - 0x 0.3x -1.64x -0.3x -0.3x 0x 0.8x
Capitalization / Revenue 0.84x 0.72x 0.8x 0.93x 0.52x 0.37x 0.37x 0.36x
EV / Revenue 1.62x 1.26x 1.36x 1.5x 1.13x 0.93x 0.87x 0.86x
EV / EBITDA 11x 7.46x 6.81x 7.85x 7.01x 7.4x 6.31x 6.18x
EV / EBIT 20.7x 11.4x 10.2x 11.8x 11.4x 14.9x 11.2x 11.1x
EV / FCF -60.2x 22.1x 35.2x -36.4x -121x 11.4x 12.9x 13.4x
FCF Yield -1.66% 4.53% 2.84% -2.75% -0.83% 8.79% 7.73% 7.44%
Dividend per Share 2 0.3 0.325 0.4 0.4 - 0.4395 0.4517 0.4704
Rate of return 1.54% 1.46% 1.62% 1.47% - 4.03% 4.14% 4.32%
EPS 2 0.68 1.69 2.34 2.16 1.48 0.493 1.031 1.152
Distribution rate 44.1% 19.2% 17.1% 18.5% - 89.2% 43.8% 40.8%
Net sales 1 7,156 9,440 9,428 8,807 8,617 8,618 8,740 8,903
EBITDA 1 1,056 1,600 1,876 1,682 1,395 1,084 1,209 1,238
EBIT 1 562 1,044 1,252 1,121 855 537.1 680.6 689.7
Net income 1 204 522 723 658 444 146.6 305.5 341.1
Net Debt 1 5,622 5,103 5,234 5,052 5,331 4,795 4,412 4,434
Reference price 2 19.50 22.25 24.65 27.16 15.06 10.90 10.90 10.90
Nbr of stocks (in thousands) 307,099 307,118 306,053 300,140 295,123 295,887 - -
Announcement Date 16/02/22 07/02/23 20/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.99x0.93x7.38x4.05% 3.23B
20.04x1.11x7x4.25% 22.56B
22.87x2.34x11.2x2.27% 20.21B
26.95x1.12x8.59x4.99% 19.25B
21.56x2.33x9.67x1.82% 6.39B
13.73x1.24x7.15x3.93% 5.41B
18x2.19x12.84x3.8% 5.17B
27.01x0.8x7.36x2.27% 4.31B
22.23x1.35x9.42x2.16% 3.86B
12x0.99x6.66x4.35% 3.22B
Average 20.64x 1.44x 8.73x 3.39% 9.36B
Weighted average by Cap. 21.90x 1.51x 8.86x 3.58%

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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