(PACK) Ranpak Holdings - Overview

Sector: Consumer Cyclical | Industry: Packaging & Containers | Exchange: NYSE (USA) | Market Cap: 303m USD | Total Return: -11.7% in 12m

Protective Packaging, Automation, Paper Conversion, Cold Chain
Total Rating 18
Safety 45
Buy Signal -0.95
Packaging & Containers
Industry Rotation: -8.9
Market Cap: 303M
Avg Turnover: 1.46M USD
ATR: 7.20%
Peers RS (IBD): 9.4
Risk 5d forecast
Volatility73.6%
Rel. Tail Risk-14.4%
Reward TTM
Sharpe Ratio0.15
Alpha-55.24
Character TTM
Beta1.521
Beta Downside2.079
Drawdowns 3y
Max DD64.55%
CAGR/Max DD-0.16
EPS (Earnings per Share) EPS (Earnings per Share) of PACK over the last years for every Quarter: "2021-03": 0.08, "2021-06": -0.07, "2021-09": -0.02, "2021-12": -0.03, "2022-03": -0.17, "2022-06": -0.14, "2022-09": -0.1, "2022-12": -0.1, "2023-03": -0.14, "2023-06": -0.03, "2023-09": -0.03, "2023-12": -0.11, "2024-03": -0.1, "2024-06": 0.07, "2024-09": -0.1, "2024-12": -0.0009, "2025-03": -0.1302, "2025-06": -0.0787, "2025-09": -0.12, "2025-12": -0.0379,
EPS CAGR: 102.94%
EPS Trend: 35.5%
Last SUE: -0.29
Qual. Beats: 0
Revenue Revenue of PACK over the last years for every Quarter: 2021-03: 87.7, 2021-06: 90, 2021-09: 97.1, 2021-12: 109.1, 2022-03: 82.5, 2022-06: 86.8, 2022-09: 77.8, 2022-12: 79.4, 2023-03: 81.2, 2023-06: 81.9, 2023-09: 82.8, 2023-12: 90.4, 2024-03: 85.3, 2024-06: 86.4, 2024-09: 92.2, 2024-12: 105, 2025-03: 91.2, 2025-06: 92.3, 2025-09: 99.6, 2025-12: 111.9,
Rev. CAGR: 8.47%
Rev. Trend: 82.1%
Last SUE: -0.41
Qual. Beats: 0

Warnings

High Debt/EBITDA (8.7) with thin interest coverage (-0.8)

High Debt while negative Cash Flow

Interest Coverage Ratio -0.8 is critical

Altman Z'' -0.61 < 1.0 - financial distress zone

Choppy

Tailwinds

No distinct edge detected

Description: PACK Ranpak Holdings

Ranpak Holdings Corp. (PACK) offers product protection and end-of-line automation solutions. The company operates in North America, Europe, and Asia, a common strategy for packaging firms seeking global market penetration.

PACKs product portfolio includes void-fill (FillPak), cushioning (PadPak), and wrapping (WrapPak, Geami, ReadyRoll) protective systems, all utilizing paper-based materials. This focus aligns with increasing demand for sustainable packaging solutions.

Additionally, Ranpak provides cold chain products for temperature-controlled transport and automation solutions for void filling and box closure processes. The company primarily uses a distributor network, a typical go-to-market approach in the industrial supply chain sector, alongside direct sales.

Further research on ValueRay can provide deeper insights into PACKs market performance.

Headlines to Watch Out For
  • E-commerce growth fuels demand for protective packaging solutions
  • Paper material costs impact profitability
  • Automation solutions adoption drives new revenue streams
  • Distributor network performance influences sales volume
Piotroski VR‑10 (Strict) 3.5
Net Income: -38.3m TTM > 0 and > 6% of Revenue
FCF/TA: -0.01 > 0.02 and ΔFCF/TA -0.60 > 1.0
NWC/Revenue: 17.67% < 20% (prev 22.45%; Δ -4.77% < -1%)
CFO/TA 0.02 > 3% & CFO 23.1m > Net Income -38.3m
Net Debt (367.0m) to EBITDA (42.4m): 8.66 < 3
Current Ratio: 1.83 > 1.5 & < 3
Outstanding Shares: last quarter (84.4m) vs 12m ago 1.59% < -2%
Gross Margin: 23.97% > 18% (prev 0.38%; Δ 2.36k% > 0.5%)
Asset Turnover: 35.44% > 50% (prev 33.41%; Δ 2.03% > 0%)
Interest Coverage Ratio: -0.78 > 6 (EBITDA TTM 42.4m / Interest Expense TTM 31.3m)
Altman Z'' -0.61
A: 0.06 (Total Current Assets 153.8m - Total Current Liabilities 84.0m) / Total Assets 1.12b
B: -0.16 (Retained Earnings -183.6m / Total Assets 1.12b)
C: -0.02 (EBIT TTM -24.3m / Avg Total Assets 1.11b)
D: -0.32 (Book Value of Equity -187.4m / Total Liabilities 590.0m)
Altman-Z'' Score: -0.61 = B
Beneish M -2.53
DSRI: 0.97 (Receivables 47.7m/45.7m, Revenue 395.0m/368.9m)
GMI: 1.58 (GM 23.97% / 37.90%)
AQI: 1.00 (AQ_t 0.72 / AQ_t-1 0.72)
SGI: 1.07 (Revenue 395.0m / 368.9m)
TATA: -0.05 (NI -38.3m - CFO 23.1m) / TA 1.12b)
Beneish M-Score: -2.53 (Cap -4..+1) = A
What is the price of PACK shares? As of April 08, 2026, the stock is trading at USD 3.47 with a total of 255,523 shares traded.
Over the past week, the price has changed by -2.80%, over one month by -8.20%, over three months by -39.23% and over the past year by -11.70%.
Is PACK a buy, sell or hold? Ranpak Holdings has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy PACK.
  • StrongBuy: 2
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the PACK price?
Analysts Target Price 7.1 104%
Ranpak Holdings (PACK) - Fundamental Data Overview as of 06 April 2026
P/S = 0.7679
P/B = 0.567
Revenue TTM = 395.0m USD
EBIT TTM = -24.3m USD
EBITDA TTM = 42.4m USD
Long Term Debt = 396.4m USD (from longTermDebt, last quarter)
Short Term Debt = 9.40m USD (from shortTermDebt, last quarter)
Debt = 430.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 367.0m USD (from netDebt column, last quarter)
Enterprise Value = 670.3m USD (303.3m + Debt 430.0m - CCE 63.0m)
Interest Coverage Ratio = -0.78 (Ebit TTM -24.3m / Interest Expense TTM 31.3m)
EV/FCF = -70.56x (Enterprise Value 670.3m / FCF TTM -9.50m)
FCF Yield = -1.42% (FCF TTM -9.50m / Enterprise Value 670.3m)
FCF Margin = -2.41% (FCF TTM -9.50m / Revenue TTM 395.0m)
Net Margin = -9.70% (Net Income TTM -38.3m / Revenue TTM 395.0m)
Gross Margin = 23.97% ((Revenue TTM 395.0m - Cost of Revenue TTM 300.3m) / Revenue TTM)
Gross Margin QoQ = 0.45% (prev 34.54%)
Tobins Q-Ratio = 0.60 (Enterprise Value 670.3m / Total Assets 1.12b)
Interest Expense / Debt = 1.30% (Interest Expense 5.60m / Debt 430.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -19.2m (EBIT -24.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.83 (Total Current Assets 153.8m / Total Current Liabilities 84.0m)
Debt / Equity = 0.80 (Debt 430.0m / totalStockholderEquity, last quarter 534.9m)
Debt / EBITDA = 8.66 (Net Debt 367.0m / EBITDA 42.4m)
 Debt / FCF = -38.63 (negative FCF - burning cash) (Net Debt 367.0m / FCF TTM -9.50m)
 Total Stockholder Equity = 539.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.44% (Net Income -38.3m / Total Assets 1.12b)
RoE = -7.11% (Net Income TTM -38.3m / Total Stockholder Equity 539.0m)
RoCE = -2.60% (EBIT -24.3m / Capital Employed (Equity 539.0m + L.T.Debt 396.4m))
 RoIC = -2.04% (negative operating profit) (NOPAT -19.2m / Invested Capital 940.7m)
 WACC = 5.29% (E(303.3m)/V(733.3m) * Re(11.33%) + D(430.0m)/V(733.3m) * Rd(1.30%) * (1-Tc(0.21)))
Discount Rate = 11.33% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.07%
 [DCF] Fair Price = unknown (Cash Flow -9.50m)
 EPS Correlation: 35.45 | EPS CAGR: 102.9% | SUE: -0.29 | # QB: 0
Revenue Correlation: 82.14 | Revenue CAGR: 8.47% | SUE: -0.41 | # QB: 0
EPS next Quarter (2026-06-30): EPS=-0.08 | Chg7d=-0.020 | Chg30d=-0.020 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=-0.15 | Chg7d=-0.030 | Chg30d=-0.030 | Revisions Net=-1 | Growth EPS=+46.7% | Growth Revenue=+7.1%
EPS next Year (2027-12-31): EPS=-0.10 | Chg7d=-0.080 | Chg30d=-0.080 | Revisions Net=-1 | Growth EPS=+33.3% | Growth Revenue=+8.3%
External Resources
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