Education
About Us
Working with TipRanks
Follow Us
Ranpak Holdings Corp. Class A (PACK)
NYSE:PACK
Top Page
Ranpak Holdings
(NYSE:PACK)
Select Model
Select Model
Rating:53Neutral
Price Target:
$5.00
▼(-16.11% Downside)
Ranpak Holdings' overall stock score is primarily influenced by its financial performance challenges, including declining revenue growth and profitability issues. The earnings call provides some optimism with strategic partnerships and growth in North America, but these are tempered by regional challenges. Technical analysis and valuation also reflect a cautious outlook, with bearish momentum and a negative P/E ratio.
Positive Factors
Strategic Partnerships
The partnership with Walmart indicates a strong long-term revenue stream and enhances Ranpak's market position in automation and packaging solutions.
Automation Revenue Growth
Significant growth in automation revenue suggests strong demand for Ranpak's innovative solutions, positioning the company well for future expansion.
North America Growth
Robust growth in North America, particularly in automation, underscores Ranpak's competitive advantage and potential for sustained revenue growth in key markets.
Negative Factors
Revenue Decline
Declining revenue growth indicates challenges in maintaining sales momentum, potentially affecting long-term financial performance and market competitiveness.
Profitability Challenges
Ongoing profitability issues could hinder Ranpak's ability to reinvest in growth and innovation, impacting its competitive edge and shareholder value.
Cash Flow Concerns
Weak cash flow generation limits financial flexibility and could constrain Ranpak's ability to fund operations and strategic initiatives, affecting long-term growth.
Ranpak Holdings (PACK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$512.16M
Dividend YieldN/A
Average Volume (3M)287.88K
Price to Earnings (P/E)―
Beta (1Y)1.77
Revenue Growth9.54%
EPS Growth-81.46%
CountryUS
Employees800
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)-0.12
Shares Outstanding84,375,870
10 Day Avg. Volume255,531
30 Day Avg. Volume287,883
Financial Highlights & Ratios
PEG Ratio1.25
Price to Book (P/B)1.04
Price to Sales (P/S)1.55
P/FCF Ratio68.85
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue1.76
Enterprise Value/Gross Profit5.04
Enterprise Value/Ebitda10.93
Forecast
1Y Price Target
$6.00Price Target Upside0.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ranpak Holdings Business Overview & Revenue Model
Company DescriptionRanpak Holdings Corp., together with its subsidiaries, provide product protection solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands. The company's products also include line automation products, which help end users automate the void filling and box closure processes after product packing is complete. It sells its products to end users primarily through a distributor network, and directly to select end users. Ranpak Holdings Corp. was founded in 1972 and is headquartered in Concord Township, Ohio.
How the Company Makes MoneyRanpak Holdings generates revenue through the sale of its packaging systems and consumables, which include paper products used for protective packaging. The company's revenue model consists of direct sales of equipment, ongoing sales of consumables, and maintenance services for its packaging systems. Key revenue streams include the sale of automated packaging machines that increase efficiency for businesses, as well as recurring revenue from the sale of paper rolls and other packaging materials. Additionally, Ranpak has established significant partnerships with various e-commerce and retail companies, allowing them to integrate Ranpak's sustainable packaging solutions into their supply chains, thereby enhancing customer loyalty and driving sales growth.
Ranpak Holdings Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 05, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. While there were significant achievements such as strategic partnerships with Walmart and Medline, and strong growth in North America and automation, these were partially offset by challenges in Europe and Asia Pacific, a decline in gross profit, and a lowered cash balance forecast. The overall sentiment reflects cautious optimism with strong growth potential tempered by current regional challenges.Q3-2025 Updates
Positive Updates
Strategic Partnership with Walmart
Ranpak entered into a strategic and economic partnership with Walmart, potentially resulting in up to $700 million in spend over 10 years. This includes $100 million for automation equipment and $600 million for PPS products.
Enterprise Sales Agreement with Medline
Ranpak secured a multiyear enterprise sales agreement with Medline to provide Decision Tower and right-sizing solutions to 14 distribution centers.
Automation Revenue Growth
Automation revenue increased 56% on a constant currency basis, with expectations to achieve $40 million to $45 million for the year.
North America Growth
Sales in North America increased by 10.9%, driven by a 140% increase in automation revenue and solid performance from large e-commerce accounts.
Improved Gross Margins
Gross margins improved to 34.5% from 31.3% in Q2 due to margin enhancement initiatives.
Negative Updates
Challenges in Europe and Asia Pacific
Volumes in Europe and Asia Pacific were down 2.5% compared to last year, impacting overall performance due to a challenging operating environment and destocking activities.
Gross Profit Decline
Gross profit declined 3.8% on a constant currency basis, although excluding depreciation, it increased 3.2%.
Lower Year-End Cash Balance Forecast
The year-end cash balance forecast was lowered to $65 million to $70 million, down from previous expectations due to lower sales in Europe and APAC.
Company Guidance
During the Ranpak Holdings Q3 earnings call, the company outlined significant growth and strategic partnerships, notably with Walmart and Medline. The Walmart agreement includes a potential $700 million spend over 10 years, translating to $300 million in automation and PPS products, excluding paper costs. This deal could lead to $1 billion in revenue from Walmart and Amazon over 8-10 years. Ranpak reported a 4.4% increase in consolidated net revenue for the quarter, with North American sales up 10.9%, driven by automation revenue growing 140%. In contrast, European and Asia Pacific volumes declined by 2.5%. Automation revenue surged 56% on a constant currency basis, with expectations to reach $40-$45 million for the year. Adjusted EBITDA increased 3.5% on a constant currency basis. The company anticipates ending the year with $65-$70 million in cash, despite a lower sales environment in Europe. For the long term, Ranpak targets $800 million in revenue within five years, with automation comprising 15%, and aims for an EBITDA margin above 25%.Ranpak Holdings Financial Statement Overview
Summary
Ranpak Holdings faces challenges across its financial statements, with declining revenue growth and profitability issues impacting the income statement. The balance sheet shows moderate leverage but struggles with generating shareholder returns. Cash flow analysis highlights significant declines in free cash flow, indicating potential liquidity concerns. Overall, the company needs to address profitability and cash flow generation to improve its financial health.Income Statement
Ranpak Holdings has experienced a decline in revenue growth with a negative rate of -2.26% in the TTM period. The company is struggling with profitability, as indicated by negative net profit and EBIT margins. Gross profit margin remains relatively stable at 36.44%, but the negative net profit margin of -10.64% highlights ongoing challenges in achieving profitability.Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio of 0.80, indicating a balanced approach to leveraging. However, the return on equity is negative at -7.30%, reflecting challenges in generating returns for shareholders. The equity ratio is not explicitly calculated, but the company's equity position appears stable relative to its assets.Cash Flow
Cash flow analysis reveals a significant decline in free cash flow growth at -676.47% in the TTM period. The operating cash flow to net income ratio is low at 0.13, indicating limited cash generation relative to net income. Despite a high free cash flow to net income ratio of 0.97, the overall cash flow position is weak.| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 388.10M | 368.90M | 336.30M | 326.50M | 383.90M | 298.20M |
| Gross Profit | 135.60M | 139.80M | 123.30M | 99.60M | 148.90M | 122.60M |
| EBITDA | 62.50M | 63.60M | 55.40M | 48.70M | 87.60M | 79.30M |
| Net Income | -39.60M | -21.50M | -27.10M | -41.40M | -2.80M | -23.40M |
Balance Sheet | ||||||
| Total Assets | 1.13B | 1.10B | 1.12B | 1.13B | 1.21B | 1.13B |
| Cash, Cash Equivalents and Short-Term Investments | 49.90M | 76.10M | 62.00M | 62.80M | 103.90M | 48.50M |
| Total Debt | 432.10M | 431.20M | 428.80M | 399.00M | 411.10M | 433.20M |
| Total Liabilities | 591.80M | 556.10M | 550.70M | 520.70M | 577.20M | 610.60M |
| Stockholders Equity | 537.80M | 548.10M | 572.00M | 612.80M | 636.20M | 522.90M |
Cash Flow | ||||||
| Free Cash Flow | -33.80M | 8.30M | -2.70M | -44.70M | -1.40M | 30.60M |
| Operating Cash Flow | -900.00K | 41.40M | 52.60M | 1.10M | 54.30M | 63.80M |
| Investing Cash Flow | -35.40M | -32.50M | -52.40M | -37.90M | -69.80M | -34.50M |
| Financing Cash Flow | 9.80M | 1.80M | -1.80M | -4.50M | 72.00M | -1.60M |
Ranpak Holdings Technical Analysis
Positive
5.96
Price Trends
5.24
Positive
5.22
Positive
4.52
Positive
Market Momentum
0.19
Negative
60.75
Neutral
84.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PACK, the sentiment is Positive. The current price of 5.96 is above the 20-day moving average (MA) of 5.65, above the 50-day MA of 5.24, and above the 200-day MA of 4.52, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 60.75 is Neutral, neither overbought nor oversold. The STOCH value of 84.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PACK.
Ranpak Holdings Risk Analysis
Ranpak Holdings disclosed 46 risk factors in its most recent earnings report. Ranpak Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ranpak Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $6.11B | 15.43 | 40.42% | 1.94% | -1.22% | -0.76% | |
69 Neutral | $733.20M | 26.32 | 9.92% | 2.80% | 0.26% | 78.05% | |
63 Neutral | $4.67B | 4,881.44 | 6.39% | 4.90% | 8.31% | -99.39% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $4.71B | 9.40 | 16.24% | 2.91% | -3.93% | -27.37% | |
54 Neutral | $2.38B | -16.39 | -10.92% | ― | -2.82% | 65.31% | |
53 Neutral | $512.16M | -13.59 | -6.68% | ― | 9.54% | -81.46% |
* Consumer Cyclical Sector Average
PACK
Ranpak Holdings
5.96
-0.19
-3.09%
GPK
Graphic Packaging
15.65
-10.60
-40.39%
MYE
Myers Industries
19.87
9.31
88.09%
OI
O-I Glass
15.56
5.30
51.66%
SEE
Sealed Air
41.61
8.74
26.59%
SON
Sonoco Products
47.50
3.10
6.98%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.