CROWN HOLDINGS INC (CCK)
US2283681060 - Common Stock
Taking everything into account, CCK scores 4 out of 10 in our fundamental rating. CCK was compared to 23 industry peers in the Containers & Packaging industry. CCK has a medium profitability rating, but doesn't score so well on its financial health evaluation. CCK is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CCK was profitable.
In the past year CCK had a positive cash flow from operations.
CCK had positive earnings in 4 of the past 5 years.
CCK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CCK (3.54%) is worse than 65.22% of its industry peers.
CCK has a better Return On Equity (21.66%) than 78.26% of its industry peers.
CCK's Return On Invested Capital of 9.57% is fine compared to the rest of the industry. CCK outperforms 60.87% of its industry peers.
CCK had an Average Return On Invested Capital over the past 3 years of 8.86%. This is in line with the industry average of 8.35%.
The last Return On Invested Capital (9.57%) for CCK is above the 3 year average (8.86%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.54% | ||
| ROE | 21.66% | ||
| ROIC | 9.57% |
ROA(3y)1.5%
ROA(5y)2.14%
ROE(3y)12.12%
ROE(5y)22.6%
ROIC(3y)8.86%
ROIC(5y)8.17%
1.3 Margins
With a Profit Margin value of 4.17%, CCK is not doing good in the industry: 69.57% of the companies in the same industry are doing better.
CCK's Profit Margin has improved in the last couple of years.
CCK has a Operating Margin of 10.64%. This is in the better half of the industry: CCK outperforms 60.87% of its industry peers.
In the last couple of years the Operating Margin of CCK has declined.
CCK has a Gross Margin of 19.35%. This is in the lower half of the industry: CCK underperforms 60.87% of its industry peers.
CCK's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.64% | ||
| PM (TTM) | 4.17% | ||
| GM | 19.35% |
OM growth 3Y-1.66%
OM growth 5Y-4.34%
PM growth 3Y1.73%
PM growth 5Y8.63%
GM growth 3Y-5.04%
GM growth 5Y-1.78%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CCK is creating some value.
CCK has less shares outstanding than it did 1 year ago.
CCK has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CCK is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.03 indicates that CCK is not a great score, but indicates only limited risk for bankruptcy at the moment.
CCK's Altman-Z score of 2.03 is in line compared to the rest of the industry. CCK outperforms 52.17% of its industry peers.
CCK has a debt to FCF ratio of 10.79. This is a negative value and a sign of low solvency as CCK would need 10.79 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.79, CCK is in line with its industry, outperforming 52.17% of the companies in the same industry.
CCK has a Debt/Equity ratio of 2.69. This is a high value indicating a heavy dependency on external financing.
CCK has a worse Debt to Equity ratio (2.69) than 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.69 | ||
| Debt/FCF | 10.79 | ||
| Altman-Z | 2.03 |
ROIC/WACC1.33
WACC7.2%
2.3 Liquidity
CCK has a Current Ratio of 1.13. This is a normal value and indicates that CCK is financially healthy and should not expect problems in meeting its short term obligations.
CCK's Current ratio of 1.13 is on the low side compared to the rest of the industry. CCK is outperformed by 82.61% of its industry peers.
CCK has a Quick Ratio of 1.13. This is a bad value and indicates that CCK is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.70, CCK is doing worse than 78.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The earnings per share for CCK have decreased strongly by -20.06% in the last year.
CCK shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.78% yearly.
CCK shows a decrease in Revenue. In the last year, the revenue decreased by -6.32%.
Measured over the past years, CCK shows a quite strong growth in Revenue. The Revenue has been growing by 8.27% on average per year.
EPS 1Y (TTM)-20.06%
EPS 3Y9.67%
EPS 5Y10.78%
EPS growth Q2Q18.49%
Revenue 1Y (TTM)-6.32%
Revenue growth 3Y10.63%
Revenue growth 5Y8.27%
Revenue growth Q2Q-5.83%
3.2 Future
CCK is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.95% yearly.
Based on estimates for the next years, CCK will show a small growth in Revenue. The Revenue will grow by 1.72% on average per year.
EPS Next Y-7.08%
EPS Next 2Y3.62%
EPS Next 3Y6.09%
EPS Next 5Y5.95%
Revenue Next Year-5.21%
Revenue Next 2Y-0.97%
Revenue Next 3Y0.56%
Revenue Next 5Y1.72%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.22, CCK is valued correctly.
CCK's Price/Earnings ratio is a bit more expensive when compared to the industry. CCK is more expensive than 60.87% of the companies in the same industry.
CCK's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.46.
The Price/Forward Earnings ratio is 11.36, which indicates a very decent valuation of CCK.
65.22% of the companies in the same industry are more expensive than CCK, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 19.59. CCK is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.22 | ||
| Fwd PE | 11.36 |
4.2 Price Multiples
CCK's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CCK is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.14 | ||
| EV/EBITDA | 9.06 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.32
EPS Next 2Y3.62%
EPS Next 3Y6.09%
5. Dividend
5.1 Amount
CCK has a Yearly Dividend Yield of 1.17%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.09, CCK is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.63, CCK's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
5.2 History
The dividend of CCK decreases each year by -5.37%.
CCK has been paying a dividend for over 5 years, so it has already some track record.
CCK has decreased its dividend recently.
Dividend Growth(5Y)-5.37%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
22.09% of the earnings are spent on dividend by CCK. This is a low number and sustainable payout ratio.
DP22.09%
EPS Next 2Y3.62%
EPS Next 3Y6.09%
CROWN HOLDINGS INC
NYSE:CCK (11/28/2023, 7:04:00 PM)
After market: 82.19 0 (0%)82.19
-0.45 (-0.54%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)10-23 2023-10-23/amc
Earnings (Next)02-05 2024-02-05/amc
Inst Owners94.03%
Inst Owner Change-2.3%
Ins Owners2.38%
Ins Owner Change-0.51%
Market Cap9.92B
Analysts78.82
Price Target103.58 (26.03%)
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
Dividend Growth(5Y)-5.37%
DP22.09%
Div Incr Years1
Div Non Decr Years1
Ex-Date11-07 2023-11-07 (0.24)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.25%
Min EPS beat(2)-0.98%
Max EPS beat(2)1.48%
EPS beat(4)3
Avg EPS beat(4)5.94%
Min EPS beat(4)-0.98%
Max EPS beat(4)13.38%
Revenue beat(2)0
Avg Revenue beat(2)-8.51%
Min Revenue beat(2)-10.87%
Max Revenue beat(2)-6.15%
Revenue beat(4)0
Avg Revenue beat(4)-6.52%
Min Revenue beat(4)-10.87%
Max Revenue beat(4)-4.38%
PT rev (1m)-5.98%
PT rev (3m)-5.16%
EPS NQ rev (1m)-8.17%
EPS NQ rev (3m)-8.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.07%
Revenue NQ rev (1m)-4.44%
Revenue NQ rev (3m)-4.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.22 | ||
| Fwd PE | 11.36 | ||
| P/S | 0.82 | ||
| P/FCF | 15.14 | ||
| P/OCF | 6.61 | ||
| P/B | 4.24 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.06 |
EPS(TTM)5.78
EY7.03%
EPS(NY)7.24
Fwd EY8.81%
FCF(TTM)5.43
FCFY6.61%
OCF(TTM)12.44
OCFY15.14%
SpS100.82
BVpS19.4
TBVpS-15.76
PEG (NY)N/A
PEG (5Y)1.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.54% | ||
| ROE | 21.66% | ||
| ROCE | 12.49% | ||
| ROIC | 9.57% | ||
| ROICexc | 10.37% | ||
| ROICexgc | 18.57% | ||
| OM | 10.64% | ||
| PM (TTM) | 4.17% | ||
| GM | 19.35% | ||
| FCFM | 5.38% |
ROA(3y)1.5%
ROA(5y)2.14%
ROE(3y)12.12%
ROE(5y)22.6%
ROIC(3y)8.86%
ROIC(5y)8.17%
ROICexc(3y)9.47%
ROICexc(5y)8.69%
ROICexgc(3y)17.43%
ROICexgc(5y)17.98%
ROCE(3y)11.6%
ROCE(5y)10.7%
ROICexcg growth 3Y2.19%
ROICexcg growth 5Y-5.49%
ROICexc growth 3Y12.96%
ROICexc growth 5Y-3.21%
OM growth 3Y-1.66%
OM growth 5Y-4.34%
PM growth 3Y1.73%
PM growth 5Y8.63%
GM growth 3Y-5.04%
GM growth 5Y-1.78%
F-Score7
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.69 | ||
| Debt/FCF | 10.79 | ||
| Debt/EBITDA | 3.53 | ||
| Cap/Depr | 174.07% | ||
| Cap/Sales | 6.95% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.33% | ||
| Profit Quality | 129.19% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 2.03 |
F-Score7
WACC7.2%
ROIC/WACC1.33
Cap/Depr(3y)160.22%
Cap/Depr(5y)135.51%
Cap/Sales(3y)6.63%
Cap/Sales(5y)5.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
Growth
EPS 1Y (TTM)-20.06%
EPS 3Y9.67%
EPS 5Y10.78%
EPS growth Q2Q18.49%
EPS Next Y-7.08%
EPS Next 2Y3.62%
EPS Next 3Y6.09%
EPS Next 5Y5.95%
Revenue 1Y (TTM)-6.32%
Revenue growth 3Y10.63%
Revenue growth 5Y8.27%
Revenue growth Q2Q-5.83%
Revenue Next Year-5.21%
Revenue Next 2Y-0.97%
Revenue Next 3Y0.56%
Revenue Next 5Y1.72%
EBIT growth 1Y-4.08%
EBIT growth 3Y8.8%
EBIT growth 5Y3.58%
EBIT Next Year30.97%
EBIT Next 3Y13.44%
EBIT Next 5Y8.08%
FCF growth 1Y35.05%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y19.98%
OCF growth 3Y-11.61%
OCF growth 5YN/A