CROWN HOLDINGS INC (CCK) Stock Fundamental Analysis
NYSE:CCK - New York Stock Exchange, Inc. - US2283681060 - Common Stock - Currency: USD
Overall CCK gets a fundamental rating of 5 out of 10. We evaluated CCK against 24 industry peers in the Containers & Packaging industry. While CCK belongs to the best of the industry regarding profitability, there are concerns on its financial health. CCK has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CCK had positive earnings in the past year.
In the past year CCK had a positive cash flow from operations.
CCK had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CCK had a positive operating cash flow.
1.2 Ratios
CCK has a Return On Assets (3.06%) which is in line with its industry peers.
The Return On Equity of CCK (15.38%) is better than 69.57% of its industry peers.
CCK's Return On Invested Capital of 10.54% is amongst the best of the industry. CCK outperforms 86.96% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CCK is above the industry average of 7.64%.
The 3 year average ROIC (9.67%) for CCK is below the current ROIC(10.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 15.38% | ||
| ROIC | 10.54% |
ROA(3y)3.71%
ROA(5y)2.11%
ROE(3y)24.46%
ROE(5y)14.09%
ROIC(3y)9.67%
ROIC(5y)9.08%
1.3 Margins
Looking at the Profit Margin, with a value of 3.59%, CCK is in line with its industry, outperforming 52.17% of the companies in the same industry.
CCK's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 12.66%, CCK belongs to the best of the industry, outperforming 82.61% of the companies in the same industry.
CCK's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 21.52%, CCK is doing good in the industry, outperforming 60.87% of the companies in the same industry.
In the last couple of years the Gross Margin of CCK has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.66% | ||
| PM (TTM) | 3.59% | ||
| GM | 21.52% |
OM growth 3Y2.61%
OM growth 5Y3.95%
PM growth 3YN/A
PM growth 5Y-7.6%
GM growth 3Y1.2%
GM growth 5Y0.72%
2. Health
2.1 Basic Checks
CCK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, CCK has less shares outstanding
Compared to 5 years ago, CCK has less shares outstanding
CCK has a better debt/assets ratio than last year.
2.2 Solvency
CCK has a debt to FCF ratio of 7.86. This is a slightly negative value and a sign of low solvency as CCK would need 7.86 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.86, CCK belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.
A Debt/Equity ratio of 2.22 is on the high side and indicates that CCK has dependencies on debt financing.
CCK has a worse Debt to Equity ratio (2.22) than 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 7.86 | ||
| Altman-Z | N/A |
ROIC/WACC1.54
WACC6.86%
2.3 Liquidity
A Current Ratio of 1.22 indicates that CCK should not have too much problems paying its short term obligations.
CCK has a worse Current ratio (1.22) than 65.22% of its industry peers.
CCK has a Quick Ratio of 1.22. This is a bad value and indicates that CCK is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.80, CCK is not doing good in the industry: 65.22% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.57% over the past year.
Measured over the past 5 years, CCK shows a small growth in Earnings Per Share. The EPS has been growing by 4.64% on average per year.
CCK shows a decrease in Revenue. In the last year, the revenue decreased by -1.74%.
Measured over the past years, CCK shows a small growth in Revenue. The Revenue has been growing by 4.30% on average per year.
EPS 1Y (TTM)9.57%
EPS 3Y-5.77%
EPS 5Y4.64%
EPS Q2Q%28.23%
Revenue 1Y (TTM)-1.74%
Revenue growth 3Y1.18%
Revenue growth 5Y4.3%
Sales Q2Q%1.57%
3.2 Future
The Earnings Per Share is expected to grow by 8.91% on average over the next years. This is quite good.
CCK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.90% yearly.
EPS Next Y7.83%
EPS Next 2Y8.79%
EPS Next 3Y8.51%
EPS Next 5Y8.91%
Revenue Next Year1.56%
Revenue Next 2Y2.03%
Revenue Next 3Y2.23%
Revenue Next 5Y3.9%
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 accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.77, CCK is valued correctly.
CCK's Price/Earnings ratio is a bit cheaper when compared to the industry. CCK is cheaper than 73.91% of the companies in the same industry.
CCK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.75.
The Price/Forward Earnings ratio is 12.77, which indicates a correct valuation of CCK.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CCK is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.44, CCK is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 12.77 |
4.2 Price Multiples
CCK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CCK is cheaper than 69.57% of the companies in the same industry.
CCK's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CCK is cheaper than 73.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.26 | ||
| EV/EBITDA | 8.16 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CCK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.76
PEG (5Y)2.97
EPS Next 2Y8.79%
EPS Next 3Y8.51%
5. Dividend
5.1 Amount
CCK has a Yearly Dividend Yield of 1.18%.
CCK's Dividend Yield is slightly below the industry average, which is at 3.19.
With a Dividend Yield of 1.18, CCK pays less dividend than the S&P500 average, which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
5.2 History
CCK has been paying a dividend for over 5 years, so it has already some track record.
CCK has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
28.07% of the earnings are spent on dividend by CCK. This is a low number and sustainable payout ratio.
DP28.07%
EPS Next 2Y8.79%
EPS Next 3Y8.51%
88.27
-1.36 (-1.52%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners101.78%
Inst Owner Change4.19%
Ins Owners0.89%
Ins Owner Change-0.48%
Market Cap10.46B
Analysts82
Price Target111.41 (26.22%)
Short Float %4.02%
Short Ratio3.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
Yearly Dividend1
Dividend Growth(5Y)N/A
DP28.07%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.85%
Min EPS beat(2)4.31%
Max EPS beat(2)9.4%
EPS beat(4)4
Avg EPS beat(4)8.12%
Min EPS beat(4)4.31%
Max EPS beat(4)13.14%
EPS beat(8)6
Avg EPS beat(8)4.01%
EPS beat(12)9
Avg EPS beat(12)3.03%
EPS beat(16)13
Avg EPS beat(16)5.89%
Revenue beat(2)0
Avg Revenue beat(2)-0.6%
Min Revenue beat(2)-0.68%
Max Revenue beat(2)-0.51%
Revenue beat(4)0
Avg Revenue beat(4)-2.24%
Min Revenue beat(4)-6.01%
Max Revenue beat(4)-0.51%
Revenue beat(8)0
Avg Revenue beat(8)-4.37%
Revenue beat(12)2
Avg Revenue beat(12)-2.24%
Revenue beat(16)4
Avg Revenue beat(16)-1.25%
PT rev (1m)1.06%
PT rev (3m)-1.73%
EPS NQ rev (1m)6.94%
EPS NQ rev (3m)4.35%
EPS NY rev (1m)0.64%
EPS NY rev (3m)-0.39%
Revenue NQ rev (1m)-2.07%
Revenue NQ rev (3m)-2.47%
Revenue NY rev (1m)-0.97%
Revenue NY rev (3m)-1.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 12.77 | ||
| P/S | 0.89 | ||
| P/FCF | 13.26 | ||
| P/OCF | 8.78 | ||
| P/B | 3.8 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.16 |
EPS(TTM)6.41
EY7.26%
EPS(NY)6.91
Fwd EY7.83%
FCF(TTM)6.66
FCFY7.54%
OCF(TTM)10.06
OCFY11.4%
SpS99.59
BVpS23.26
TBVpS-10.48
PEG (NY)1.76
PEG (5Y)2.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 15.38% | ||
| ROCE | 14.39% | ||
| ROIC | 10.54% | ||
| ROICexc | 11.56% | ||
| ROICexgc | 19.91% | ||
| OM | 12.66% | ||
| PM (TTM) | 3.59% | ||
| GM | 21.52% | ||
| FCFM | 6.69% |
ROA(3y)3.71%
ROA(5y)2.11%
ROE(3y)24.46%
ROE(5y)14.09%
ROIC(3y)9.67%
ROIC(5y)9.08%
ROICexc(3y)10.6%
ROICexc(5y)9.89%
ROICexgc(3y)18.87%
ROICexgc(5y)17.94%
ROCE(3y)13.18%
ROCE(5y)12.39%
ROICexcg growth 3Y-1.42%
ROICexcg growth 5Y4.63%
ROICexc growth 3Y2.86%
ROICexc growth 5Y11.73%
OM growth 3Y2.61%
OM growth 5Y3.95%
PM growth 3YN/A
PM growth 5Y-7.6%
GM growth 3Y1.2%
GM growth 5Y0.72%
F-Score9
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | 7.86 | ||
| Debt/EBITDA | 3.15 | ||
| Cap/Depr | 89.96% | ||
| Cap/Sales | 3.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 61.38% | ||
| Profit Quality | 186.09% | ||
| Current Ratio | 1.22 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | N/A |
F-Score9
WACC6.86%
ROIC/WACC1.54
Cap/Depr(3y)143.76%
Cap/Depr(5y)145.91%
Cap/Sales(3y)5.5%
Cap/Sales(5y)5.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.57%
EPS 3Y-5.77%
EPS 5Y4.64%
EPS Q2Q%28.23%
EPS Next Y7.83%
EPS Next 2Y8.79%
EPS Next 3Y8.51%
EPS Next 5Y8.91%
Revenue 1Y (TTM)-1.74%
Revenue growth 3Y1.18%
Revenue growth 5Y4.3%
Sales Q2Q%1.57%
Revenue Next Year1.56%
Revenue Next 2Y2.03%
Revenue Next 3Y2.23%
Revenue Next 5Y3.9%
EBIT growth 1Y8.03%
EBIT growth 3Y3.82%
EBIT growth 5Y8.43%
EBIT Next Year25.58%
EBIT Next 3Y10.9%
EBIT Next 5Y8.71%
FCF growth 1Y19.55%
FCF growth 3Y106.96%
FCF growth 5Y1.54%
OCF growth 1Y-17.96%
OCF growth 3Y9.62%
OCF growth 5Y0.49%