Loading…
← CockpitCompetitor Analysis › PACK Ranpak Holdings Corp Class AOpen in the cockpit ↗

Ranpak Holdings Corp Class APACKCompetitor analysis, valuation and peers

United States · USD·Materials›Containers/Packaging
Momentum laggard 14
Mkt cap
$311M
US dollars, full cap
Free float
85%
of shares outstanding
$/day
$2.89M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-11.6 pp
WACC 11.4%
Hurdle
+30 pp
Req g minus delivered
Next earnings
130 days
16 Mar 2027
Close · USD$3.63
1D+8.7%
1W+14.2%
1M-6.9%
3M-30.2%
6M-44.2%
YTD-32.9%
1Y-31.5%
ATR %7.3%
Beta2.42
52w lowhigh53.5% off high

What Ranpak does

Employees: 800

Ranpak at a glance

Size Ranpak (PACK) is a United States Materials company (Containers/Packaging) with a market value of $311M, the 3080th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.63 on 6 Nov 2026.

Performance Over six months the shares fell 44.2%, against -21.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue grew 8.3% over the last twelve months (peer median +4.2%); the operating margin is -0.3% (peer median 3.7%).

Valuation It trades at 1.6× enterprise value to sales against a peer median of 1.2× (8th most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +30 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 11.6 points below its cost of capital (11.4% WACC).

Short interest Short interest is 2.9% of the free float (15 Oct 2026).

Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).

Relative performance

507510012511 May 202611 Aug 20266 Nov 2026Peer median 77PACK 57
Six months, rebased to 100: Ranpak against the median of its 20 peers (local-currency closes).

Ranpak financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$420M$395M$369M$336M$326M
Revenue growth—+7%+10%+3%—
Gross profit$107M$94.7M$105M$89.5M$67.5M
EBITDA$64.3M$42.4M$52.5M$62.1M$26.5M
Net income-$34.8M-$38.3M-$21.5M-$27.1M-$41.4M
Free cash flow$11.0M-$8.40M-$3.60M-$4.20M-$43.7M
Capital expenditure$30.4M$30.3M$33.1M$55.3M$45.8M
Total debt$435M$430M$431M$429M$399M

Quarterly statements and history in the cockpit →

Ranpak competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%009520JINDALPOLYTFF688560301296301062300658600076605500ALGILCPHNHEX3946UFLEX301223AGI300501VETN000659PACK6-month return →1-month return →
Up and to the right = strong over both horizons. Ranpak is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%2×4×009520JINDALPOLYTFF688560301296301062300658600076605500ALGILCPHNHEX3946UFLEX301223AGI300501VETN000659PACKRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ranpak is the large dot.

Capital: growth delivered against growth the price implies

0%+10%+20%+30%0%20%009520TFF300658ALGILCPHNHEX3946301223AGI300501002615VETNPACKGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Ranpak is the large dot.

Ranpak competitors and peer comparison

How Ranpak compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Ranpak against its 20 peers (data as of 6 Nov 2026)
MeasurePACKPeer medianRank in peer set
1-month return-6.9%-8.3%10th highest of 21
6-month return-44.2%-21.4%3rd lowest of 21
Distance from 52-week high-53.5%-33.1%4th lowest of 21
Revenue growth (TTM)+8.3%+4.2%7th highest of 21
Operating margin-0.3%3.7%9th lowest of 21
EV / Sales1.6×1.2×8th most expensive of 21
Growth the price implies (Req g, 7 yrs)36.0%4.5%most demanding of 13
Growth delivered (Del g)+5.8%+6.0%7th highest of 13
Hurdle (Req g minus delivered)+30.2 pp+0.5 pp2nd most demanding of 13
ROIC minus cost of capital-11.6 pp-2.4 pp5th lowest of 21
EV / EBITDA10.8×7.5×4th most expensive of 9
Net debt / EBITDA5.9×3.3×5th most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Ranpak PACKUnited States$311M-44%+8%0%1.6×36.0%+5.8%
POSCO M-TECH 009520.KSSouth Korea$322M-47%+18%4%1.1×18.2%+7.0%
Jindal Poly Films JINDALPOLY.NSIndia$324M-4%-58%-35%1.4×n/an/a
TFF TFF.PAFrance$327M-21%-26%8%1.9×7.0%+3.7%
Crown Advanced Material 688560.SSChina$328M-31%+17%-20%1.2×n/an/a
Shandong Xinjufeng Technology Packaging 301296.SZChina$386M-21%+34%2%1.3×n/an/a
Shanghai Ailu Package 301062.SZChina$389M-26%+4%-7%2.8×n/an/a
Xiamen Yanjan New Material 300658.SZChina$392M-64%+8%6%1.8×13.7%+2.0%
Kangxin New Materials 600076.SSChina$403M-40%-20%-76%14.1×n/an/a
Forest Packaging 605500.SSChina$410M-28%+47%0%1.0×n/an/a
Groupe Guillin ALGIL.PAFrance$411M-14%+4%8%0.5×-5.9%+7.4%
CPH CPHN.SWSwitzerland$422M-1%+4%9%1.1×-5.9%-5.6%
Hexagon Composites HEX.OLNorway$423M+26%-39%-7%1.9×34.2%-0.8%
Tomoku 3946.TJapan$427M+17%-3%5%0.5×-3.5%+5.0%
UFlex UFLEX.NSIndia$440M+29%+10%9%0.2×n/an/a
ZRP Printing 301223.SZChina$441M-23%+8%5%0.9×-6.3%+7.8%
AGI Greenpac AGI.NSIndia$442M+2%+6%16%1.6×17.7%+16.3%
HySum Flexibles Global 300501.SZChina$445M-22%+12%-2%2.8×25.2%+9.1%
Zhejiang Haers Vacuum Containers 002615.SZChina$466M-31%+4%3%0.8×1.9%+16.8%
Vetropack VETN.SWSwitzerland$470M-3%-5%4%0.7×0.4%+3.3%
Zhuhai Zhongfu Enterprise 000659.SZChina$471M-39%-10%-2%4.8×n/an/a

Questions

Which companies are Ranpak's closest peers?
The cockpit's peer set: POSCO M-TECH (009520.KS), Jindal Poly Films (JINDALPOLY.NS), TFF (TFF.PA), Crown Advanced Material (688560.SS), Shandong Xinjufeng Technology Packaging (301296.SZ), Shanghai Ailu Package (301062.SZ), Xiamen Yanjan New Material (300658.SZ), Kangxin New Materials (600076.SS).
Is Ranpak expensive compared with its peers?
On ev / sales it trades at 1.6× against a peer median of 1.2×, 8th most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +30 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Ranpak stock performed?
Over six months to 6 Nov 2026 the shares returned -44.2% against -21.4% for the median peer; over one year -31.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.