Ranpak Holdings (PACK) AI Stock Analysis

• Market Cap: $304.92M
• Dividend Yield: N/A
• Average Volume (3M): 338.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.61
• Revenue Growth: 10.11%
• EPS Growth: 6.77%
• Country: US
• Employees: 800
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Packaging & Containers
• EPS (TTM): -0.13
• Shares Outstanding: 84,233,150
• 10 Day Avg. Volume: 333,358
• 30 Day Avg. Volume: 338,701
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.57
• Enterprise Value/Market Cap: 2.65
• Enterprise Value/Revenue: 0.56
• Enterprise Value/Gross Profit: 6.22
• Enterprise Value/Ebitda: 3.81
• 1Y Price Target: $5.00
• Price Target Upside: 34.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 57 Neutral
• Price Target: $3.50 ▼(-5.66%Downside)

Ranpak Holdings' overall stock score reflects a combination of mixed financial performance with modest revenue growth and cash flow improvements but persistent profitability challenges. The strong growth in North America and prospects in automation provide optimism, yet valuation concerns and technical indicators suggest caution. The company's strategic focus on cost management and maintaining liquidity are positives in a challenging environment.

Positive Factors

E-commerce Growth

Ranpak Holdings Corp. is benefiting from an inflection in volumes on a year-over-year basis with encouraging progress in e-commerce.

Financial Recovery

Ranpak is on a path to recover towards previous peak EBITDA levels.

Market Expansion

The growth in North America is reflective of accelerated adoption of paper packaging across e-commerce, including Amazon, with incremental momentum likely throughout 2H24.

Negative Factors

Balance Sheet Leverage

Balance sheet leverage remains elevated, with the company also exposed to industrial end-markets that are more susceptible to the macroeconomic backdrop.

Investment Rating

Investment rating is lowered to Neutral due to a preference towards defensive stocks.

Market Environment

The base operating environment remains sluggish, weighed upon by weaker industrial and consumer end-markets, along with a sequential increase in inflation.

Ranpak Holdings Business Overview & Revenue Model

Company Description

Ranpak Holdings Corp. is a leading provider of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains. Founded in 1972 and headquartered in Concord Township, Ohio, the company operates in the broader packaging and shipping sectors. Ranpak's core products include protective packaging systems and paper consumables designed to provide efficient, cost-effective, and environmentally friendly alternatives to traditional plastic-based packaging.

How the Company Makes Money

Ranpak Holdings primarily generates revenue through the sale of its protective packaging systems and consumables. The company sells or leases its proprietary packaging machines to customers, who then purchase the paper consumables necessary for operation. This creates a recurring revenue stream as customers continuously need to replenish their paper supplies. In addition to direct sales, Ranpak also benefits from strategic partnerships with distributors and resellers, expanding its market reach. The company's focus on sustainable solutions aligns with increasing regulatory and consumer demand for eco-friendly products, further driving sales growth.

Ranpak Holdings Financial Statement Overview

Summary

Ranpak Holdings shows modest revenue growth and improved cash flow, but faces challenges with profitability and efficiency. The balance sheet is stable with moderate leverage, yet persistent net losses impact overall performance.

Income Statement

Ranpak Holdings shows a modest revenue growth with a TTM increase in total revenue of 1.6% compared to the previous year. However, the company is struggling with profitability, evidenced by negative net income and declining EBIT margins. EBITDA margin remains positive, indicating some operational efficiency, but overall profitability is weak.

Balance Sheet

The balance sheet shows a stable equity ratio of 48.6% and a manageable debt-to-equity ratio of 0.79, indicating moderate leverage. However, the company has a negative return on equity due to consistent net losses, which remains a concern for potential investors.

Cash Flow

Ranpak Holdings exhibits a positive free cash flow growth of 36.1% from the previous year, reflecting improved cash generation capabilities. Operating cash flow is positive, providing some cushion against net income losses, although the free cash flow to net income ratio is low, indicating limited cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	374.80M	368.90M	336.30M	326.50M	383.90M	298.20M
Gross Profit	130.10M	139.80M	123.30M	99.60M	148.90M	122.60M
EBITDA	49.00M	66.10M	55.40M	31.70M	87.60M	79.30M
Net Income	-21.50M	-21.50M	-27.10M	-41.40M	-2.80M	-23.40M
Balance Sheet
Total Assets	1.12B	1.10B	1.12B	1.13B	1.21B	1.13B
Cash, Cash Equivalents and Short-Term Investments	65.50M	76.10M	62.00M	62.80M	103.90M	48.50M
Total Debt	430.80M	431.20M	428.80M	399.00M	408.10M	433.20M
Total Liabilities	575.40M	556.10M	550.70M	520.70M	577.20M	610.60M
Stockholders Equity	544.10M	548.10M	572.00M	612.80M	636.20M	522.90M
Cash Flow
Free Cash Flow	11.30M	8.30M	-2.70M	-44.70M	-1.40M	30.60M
Operating Cash Flow	35.10M	41.40M	52.60M	700.00K	54.30M	63.80M
Investing Cash Flow	-29.70M	-32.50M	-52.40M	-37.50M	-69.80M	-34.50M
Financing Cash Flow	300.00K	1.80M	-1.80M	-4.50M	72.00M	-1.60M

Ranpak Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.71
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PACK, the sentiment is Neutral. The current price of 3.71 is above the 20-day moving average (MA) of 3.57, above the 50-day MA of 3.62, and below the 200-day MA of 5.73, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.17 is Neutral, neither overbought nor oversold. The STOCH value of 83.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PACK.

Ranpak Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GEF	72 Outperform	$3.38B	19.67	9.96%	3.09%	5.89%	-23.91%
KRT	72 Outperform	$577.20M	19.17	19.64%	6.26%	6.21%	1.47%
SON	71 Outperform	$4.51B	29.73	5.54%	4.63%	-4.58%	-61.14%
AMBP	66 Neutral	$2.61B	―	-69.06%	9.15%	4.42%	70.21%
MYE	66 Neutral	$562.60M	53.77	3.69%	3.59%	3.92%	-73.64%
Sector *	62 Neutral	$16.65B	11.30	-7.38%	3.01%	1.59%	-23.30%
PACK	57 Neutral	$304.92M	―	-3.89%	―	10.11%	6.77%

Ranpak Holdings Corporate Events

Ranpak Holdings Approves Key Proposals at Annual Meeting

On May 22, 2025, Ranpak Holdings Corp. held its annual meeting of stockholders, where several key proposals were voted on. The election of Class III Directors saw Omar Asali, Pam El, and Salil Seshadri elected, despite significant withheld votes. The appointment of KPMG LLP as the independent registered public accounting firm for the 2025 fiscal year was ratified. Additionally, the compensation for Named Executive Officers was approved on an advisory basis. A significant development was the approval for the issuance of certain shares of Class A Common Stock to Amazon.com NV Investment Holdings LLC, aligning with NYSE Listing Rule 312.03(c).

The most recent analyst rating on (PACK) stock is a Hold with a $6.25 price target. To see the full list of analyst forecasts on Ranpak Holdings stock, see the PACK Stock Forecast page.

Ranpak Holdings Announces Departure of Managing Director

On May 8, 2025, Ranpak Holdings Corp. announced the departure of Mark Siebert as Managing Director, North America, effective May 16, 2025. His departure is amicable, with no disagreements on company operations, and includes a separation agreement allowing his restricted stock units to continue vesting as scheduled.