Winpak Limited (TSE:WPK)
TSX:WPK
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Winpak
(TSX:WPK)
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Rating:67Neutral
Price Target:
C$44.00
▲(2.16% Upside)
Action:Downgraded
Date:05/01/26
The score is primarily supported by strong financial resilience (debt-free balance sheet and solid margins) and a reasonable P/E. Offsetting this, technical indicators are notably weak (price below key moving averages, negative MACD, oversold RSI/Stoch), and the sharp TTM revenue contraction is a key fundamental risk.
Positive Factors
Debt-free balance sheet
A near-zero leverage position and no reported TTM debt provide durable financial flexibility: supports capital expenditures, targeted M&A, and cushioning through demand cycles without interest burden. This strengthens the firm's ability to invest in operations and preserve cash returns over months.
Negative Factors
Sharp TTM revenue decline
A large trailing-twelve-month revenue drop materially reduces scale and can erode competitive position: lower volumes impair fixed-cost absorption, weaken supplier leverage, and reduce recurring consumables pull-through. Extended weakness could compress margins and cash flow sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A near-zero leverage position and no reported TTM debt provide durable financial flexibility: supports capital expenditures, targeted M&A, and cushioning through demand cycles without interest burden. This strengthens the firm's ability to invest in operations and preserve cash returns over months.
Read all positive factors
Winpak (WPK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.34B
Dividend Yield7.11%
Average Volume (3M)50.74K
Price to Earnings (P/E)15.4
Beta (1Y)0.41
Revenue Growth-2.26%
EPS Growth-7.15%
CountryCA
Employees2,900
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)2.22
Shares Outstanding58,662,500
10 Day Avg. Volume54,448
30 Day Avg. Volume50,738
Financial Highlights & Ratios
PEG Ratio-5.57
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$47.67Price Target Upside10.67% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)2.43
Revenue Forecast (FY)C$1.18B
Winpak Business Overview & Revenue Model
Company Description
Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, Mexico, and internationally. The company operates through three segments: Flexible Packaging, Rigid Packaging and Flexible Li...
How the Company Makes Money
Winpak makes money primarily by manufacturing and selling packaging materials and related solutions to customers that need dependable, high-barrier packaging for food and healthcare products. Its key revenue streams are: (1) Packaging materials sa...
Winpak Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.12B | 1.15B | 1.13B | 1.14B | 1.18B | 1.00B |
| Gross Profit | 336.04M | 346.74M | 361.63M | 334.15M | 331.76M | 274.45M |
| EBITDA | 235.05M | 236.15M | 265.40M | 250.22M | 224.24M | 189.70M |
| Net Income | 133.84M | 139.43M | 149.46M | 148.13M | 128.34M | 103.81M |
Balance Sheet | ||||||
| Total Assets | 1.55B | 1.56B | 1.65B | 1.57B | 1.46B | 1.32B |
| Cash, Cash Equivalents and Short-Term Investments | 353.31M | 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 | 202.29M | 239.81M | 363.21M | 187.82M | 223.71M | 205.96M |
| Stockholders Equity | 1.31B | 1.29B | 1.25B | 1.35B | 1.20B | 1.08B |
Cash Flow | ||||||
| Free Cash Flow | 103.17M | 103.23M | 58.14M | 151.81M | 28.11M | 48.52M |
| Operating Cash Flow | 180.11M | 189.61M | 181.92M | 220.84M | 77.57M | 97.06M |
| Investing Cash Flow | -77.45M | -87.34M | -123.77M | -69.03M | -49.46M | -48.54M |
| Financing Cash Flow | -103.96M | -226.04M | -102.75M | -8.61M | -6.90M | -166.40M |
Winpak Technical Analysis
Negative
43.07
Price Trends
46.50
Negative
45.46
Negative
43.90
Negative
Market Momentum
-0.77
Positive
36.21
Neutral
7.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WPK, the sentiment is Negative. The current price of 43.07 is below the 20-day moving average (MA) of 44.73, below the 50-day MA of 46.50, and below the 200-day MA of 43.90, indicating a bearish trend. The MACD of -0.77 indicates Positive momentum. The RSI at 36.21 is Neutral, neither overbought nor oversold. The STOCH value of 7.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | C$14.95B | 18.41 | 14.41% | 1.44% | 4.34% | -4.98% | |
67 Neutral | C$2.34B | 15.42 | 10.32% | 7.11% | -2.26% | -7.15% | |
67 Neutral | C$459.51M | 16.26 | 7.69% | 8.32% | -14.81% | -9.37% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | C$1.06B | 7.67 | 5.95% | 3.90% | 0.02% | ― | |
58 Neutral | C$88.78M | 28.46 | 10.80% | 19.66% | 0.50% | ― |
* Consumer Cyclical Sector Average
TSE:WPK
Winpak
39.92
-3.46
-7.98%
TSE:CCL.A
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10.17%
TSE:TCL.A
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5.31
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84.95%
TSE:CAS
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23.52%
Winpak Corporate Events
Business Operations and StrategyExecutive/Board Changes
Winpak Names Veteran Executive David Johns as Interim CEO Amid Leadership Transition
Positive
Mar 26, 2026
Winpak Ltd. has appointed longtime executive David A. Johns as interim president and chief executive officer, effective immediately, marking the return of a leader who joined the company in 1987 and previously ran its largest division before retir...
Dividends
Winpak Declares First-Quarter 2026 Dividend
Positive
Feb 23, 2026
Winpak Ltd.’s board of directors has declared a first-quarter 2026 dividend of five Canadian cents per share, payable on April 10 to shareholders of record as of April 1. The move underscores the company’s continued practice of returni...
Business Operations and StrategyFinancial Disclosures
Winpak Posts Lower 2025 Profit on Margin Pressure Despite Stable Revenue
Negative
Feb 23, 2026
Winpak reported fourth-quarter 2025 revenue of $284.9 million, essentially flat year over year, while net income attributable to equity holders declined 1.2 percent to $36.2 million, as lower gross profit and reduced net finance income weighed on ...
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.