Winpak Ltd.

Chart & Performance

D1W1MN

P/E

11.20

P/S

1.48

EPS

2.42

Div Yield, %

0.36%

Shrs. gr., 5y

-0.61%

Rev. gr., 5y

5.29%

Revenues

1.13b

-0.92%

Net income

149m

+0.89%

CFO

182m

-17.63%

Dividend

Oct 01, 20240.05 CAD/sh

Earnings

Apr 21, 2025

Profile

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 Lidding, and Packaging Machinery. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, and high performance pouch applications; high-barrier films for converting applications; barrier and non-barrier films, including shrink bags for printing, laminating, and bag making applications; and biaxially oriented nylon films for food packaging and industrial applications. The Rigid Packaging and Flexible Lidding segment offers portion control and single-serve containers, as well as plastic sheet, custom, and retort trays for food, pet food, beverage, dairy, industrial, and healthcare applications; die-cut, daisy chain, and rollstock lidding products for food, dairy, beverage, industrial, and healthcare applications; and specialized printed packaging solutions for the pharmaceutical, healthcare, nutraceutical, cosmetic, and personal care markets. The Packaging Machinery segment provides horizontal fill/seal machines for preformed containers and vertical form/fill/seal pouch machines for pumpable liquid and semi-liquid, as well as various dry products. The company was incorporated in 1975 and is based in Winnipeg, Canada. Winpak Ltd. is a subsidiary of Wihuri International Oy.

URL

https://www.winpak.com/

IPO date

Aug 28, 1986

Employees

2,563

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	1,130,895 -0.92%	1,141,407 -3.36%	1,181,133 17.88%
Cost of revenue	938,317	961,946	1,005,180
Unusual Expense (Income)
NOPBT	192,578	179,461	175,953
NOPBT Margin	17.03%	15.72%	14.90%
Operating Taxes	58,867	52,200	45,861
Tax Rate	30.57%	29.09%	26.06%
NOPAT	133,711	127,261	130,092
Net income	149,455 0.89%	148,130 15.42%	128,343 23.63%
Dividends	(6,622)	(5,785)	(6,034)
Dividend yield	0.22%	0.22%	0.22%
Proceeds from repurchase of equity	(94,512)
BB yield	3.14%
Debt
Debt current	1,916	2,002	1,321
Long-term debt	33,778	25,672	23,745
Deferred revenue	19,721		17,946
Other long-term liabilities	5,624	82,036	9,184
Net debt	(461,567)	(514,196)	(373,607)
Cash flow
Cash from operating activities	181,916	220,839	77,569
CAPEX	(123,312)	(68,670)	(49,461)
Cash from investing activities	(123,774)	(69,030)	(49,461)
Cash from financing activities	(102,751)	(8,612)	(6,896)
FCF	158,026	146,897	34,063
Balance
Cash	497,261	541,870	398,673
Long term investments
Excess cash	440,716	484,800	339,616
Stockholders' equity	1,283,874	1,383,649	1,239,747
Invested Capital	886,350	994,722	920,429
ROIC	14.22%	13.29%	14.87%
ROCE	13.91%	12.13%	13.32%
EV
Common stock shares outstanding	63,050	65,000	65,000
Price	47.73 16.70%	40.90 -2.76%	42.06 13.16%
Market cap	3,009,376 13.20%	2,658,500 -2.76%	2,733,900 13.16%
EV	2,583,026	2,177,906	2,397,266
EBITDA	247,136	229,003	225,339
EV/EBITDA	10.45	9.51	10.64
Interest	904	884	769
Interest/NOPBT	0.47%	0.49%	0.44%