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Winpak
(TSX:WPK)
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Rating:77Outperform
Price Target:
C$51.00
▲(12.14% Upside)
Action:Upgraded
Date:07/24/26
The score is led by strong financial quality—especially the very conservative balance sheet and durable profitability—offset by limited recent growth and uneven free-cash-flow conversion. Technicals add support with a positive trend and moderate momentum, while valuation is fair but not boosted by income due to the low dividend yield.
Positive Factors
Balance Sheet Strength
Minimal-to-no debt and substantial equity give Winpak durable financial flexibility. Steady ROE (~10–12%) indicates capital is used efficiently without leverage, lowering insolvency risk, supporting capex, M&A optionality, and preserving resilience through demand cycles over the medium term.
Negative Factors
Muted Revenue Growth
Flat-to-negative top-line trends constrain operating-leverage upside and long-term earnings growth. Without renewed volume, new markets, or price recovery, margin expansion alone may be insufficient to drive material EPS growth, limiting medium-term return potential.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Minimal-to-no debt and substantial equity give Winpak durable financial flexibility. Steady ROE (~10–12%) indicates capital is used efficiently without leverage, lowering insolvency risk, supporting capex, M&A optionality, and preserving resilience through demand cycles over the medium term.
Read all positive factors
Winpak (WPK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.61B
Dividend Yield0.45%
Average Volume (3M)50.74K
Price to Earnings (P/E)13.9
Beta (1Y)0.38
Revenue Growth0.26%
EPS Growth1.01%
CountryCA
Employees2,841
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)2.29
Shares Outstanding58,662,500
10 Day Avg. Volume54,448
30 Day Avg. Volume50,738
Financial Highlights & Ratios
PEG Ratio-5.56
Price to Book (P/B)1.54
Price to Sales (P/S)1.73
P/FCF Ratio19.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$48.00Price Target Upside5.54% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.4
Revenue Forecast (FY)C$1.22B
Winpak Business Overview & Revenue Model
Company Description
Winpak Ltd., founded in 1975 and headquartered in Winnipeg, Canada, operates as a global producer and distributor of sophisticated packaging materials and the machinery used with them. A subsidiary of Wihuri International Oy, the company serves ma...
How the Company Makes Money
Winpak makes money primarily by manufacturing and selling packaging products to customers (most notably food and healthcare producers) in North America. Its core revenue stream is the sale of packaging materials and containers—such as films, liddi...
Winpak Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.14B | 1.15B | 1.13B | 1.14B | 1.18B | 1.00B |
| Gross Profit | 343.25M | 346.74M | 361.63M | 334.15M | 331.76M | 274.45M |
| EBITDA | 236.94M | 236.15M | 265.40M | 250.22M | 224.24M | 189.70M |
| Net Income | 136.37M | 139.43M | 149.46M | 148.13M | 128.34M | 103.81M |
Balance Sheet | ||||||
| Total Assets | 1.59B | 1.56B | 1.65B | 1.57B | 1.46B | 1.32B |
| Cash, Cash Equivalents and Short-Term Investments | 340.96M | 374.94M | 497.26M | 541.87M | 398.67M | 377.46M |
| Total Debt | 0.00 | 29.92M | 17.85M | 13.84M | 12.53M | 13.49M |
| Total Liabilities | 208.79M | 239.81M | 363.21M | 187.82M | 223.71M | 205.96M |
| Stockholders Equity | 1.34B | 1.29B | 1.25B | 1.35B | 1.20B | 1.08B |
Cash Flow | ||||||
| Free Cash Flow | 86.96M | 103.23M | 58.14M | 151.81M | 28.11M | 48.52M |
| Operating Cash Flow | 153.29M | 189.61M | 181.92M | 220.84M | 77.57M | 97.06M |
| Investing Cash Flow | -67.20M | -87.34M | -123.77M | -69.03M | -49.46M | -48.54M |
| Financing Cash Flow | -98.49M | -226.04M | -102.75M | -8.61M | -6.90M | -166.40M |
Winpak Technical Analysis
Positive
45.48
Price Trends
42.99
Positive
42.71
Positive
43.88
Positive
Market Momentum
0.19
Positive
53.79
Neutral
38.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WPK, the sentiment is Positive. The current price of 45.48 is above the 20-day moving average (MA) of 44.51, above the 50-day MA of 42.99, and above the 200-day MA of 43.88, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 53.79 is Neutral, neither overbought nor oversold. The STOCH value of 38.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WPK.
Winpak Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$2.61B | 13.87 | 10.41% | 0.44% | 0.26% | 1.01% | |
70 Outperform | C$15.61B | 19.95 | 14.41% | 1.52% | 4.34% | -4.98% | |
68 Neutral | C$89.54M | 7.50 | 11.20% | 19.18% | 3.78% | ― | |
64 Neutral | C$1.73B | 13.75 | 7.24% | 3.66% | 0.55% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | C$447.83M | 1.29 | 22.24% | 383.18% | -29.78% | 88.96% |
* Consumer Cyclical Sector Average
TSE:WPK
Winpak
44.26
2.65
6.38%
TSE:CCL.A
CCL Industries (A)
90.87
13.63
17.64%
TSE:SXP
Supremex
3.71
0.06
1.76%
TSE:TCL.A
Transcontinental
5.19
2.45
89.14%
TSE:CAS
Cascades
17.32
7.75
80.96%
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.