Added to YB: 2024-04-01
Pitch date: 2024-03-28
PKG [bullish]
Packaging Corporation of America
+13.85%
current return
Author Info
Company Info
Packaging Corporation of America manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America.
Market Cap
$18.7B
Pitch Price
$180.41
Price Target
N/A
Dividend
2.37%
EV/EBITDA
10.88
P/E
24.62
EV/Sales
2.49
Sector
Containers and Packaging
Category
value
Flyover Stock: Packaging Corp. of America (PKG)
PKG: #3 US containerboard producer (11% share). Advantaged in consolidating industry, avoided peers' M&A missteps. Containerboard is vital, enabling 90%+ of goods shipment. Demand to recover post-COVID. US has ample virgin fiber supply vs importers like China. PKG navigates well with strong B/S, tuck-ins, buybacks vs peers' aggressive M&A. Proven to out-earn cost of capital despite my prior skepticism. Resilient moat.
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