Crown Holdings is a manufacturer of packaging products for consumer marketing companies around the world. Crown makes a wide range of metal packaging for food, beverage, household and personal care and industrial products and metal vacuum closures and caps. The company was founded in 1927 and is based in Philadelphia, Pennsylvania.
CCK Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Crown Holdings Inc. To summarize, we found that Crown Holdings Inc ranked in the 42th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Crown Holdings Inc ended up being:
Interest coverage, a measure of earnings relative to interest payments, is 3.13 -- which is good for besting 60.03% of its peer stocks (US stocks in the Consumer Cyclical sector with positive cash flow).
Crown Holdings Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 4.56% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SGMS, BSET, HAS, IHG, and AXL can be thought of as valuation peers to CCK, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), has had its greenhouse gas emission reduction targets approved by the Science Based Targets initiative (SBTi) as consistent with reductions required to keep warming to 1.5°C, the most ambitious goal of the Paris Agreement. Specifically, Crown has committed to reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 50% by 2030 (using a 2019 baseline), as well as decrease absolute Scope 3 GHG emissions by 16% over the same target period.
Crown Holdings (CCK) reports mixed Q2 results that missed on revenue and beat on EPS.Q2 highlights: Revenue were down 11.5% y/y to $2.69B, reflecting the impact of the pandemic on sales unit volumes.Net income was $126M vs. $137M year ago.Income from operations was $275M vs. $383M year ago.Interest expense were $76M...