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Manufactures flexible and rigid plastic packaging materials and machines for food, beverage, healthcare and personal-care products.
Manufactures flexible and rigid plastic packaging materials and machines for food, beverage, healthcare and personal-care products.
Makes packaging to customers' specifications in long runs, with machines sold alongside materials so a customer using Winpak equipment also buys its films and lids, giving recurring sales. Finnish group Wihuri is the controlling shareholder.
In one line: A packaging manufacturer like a smaller Sealed Air.
Moat: narrow (customer qualification, process know-how). Long-term supply qualifications with food/beverage manufacturers and specialised packaging technology create moderate stickiness.
Headquarters: Winnipeg, Canada · Founded: 1979 · Employees: 2,841
Size Winpak (WPK.TO) is a Canada Materials company (Containers/Packaging) with a market value of $1.91B, the 190th largest of 420 Canada companies the cockpit tracks. Shares closed at C$45.51 on 6 Nov 2026.
Performance Over six months the shares gained 12.4%, against -4.0% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 3.3% over the last twelve months (peer median +1.8%); the operating margin is 15.0% (peer median 5.9%).
Valuation It trades at 12.5× forward earnings against a peer median of 16.1× (8th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.5 points above its cost of capital (5.2% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.63B | C$1.57B | C$1.55B | C$1.54B | C$1.54B |
| Revenue growth | — | +2% | +1% | 0% | — |
| Gross profit | C$481M | C$476M | C$493M | C$449M | C$430M |
| EBITDA | C$325M | C$325M | C$339M | C$310M | C$294M |
| Net income | C$189M | C$192M | C$205M | C$200M | C$167M |
| Free cash flow | C$103M | C$142M | C$80.3M | C$205M | C$37.0M |
| Capital expenditure | C$72.3M | C$120M | C$170M | C$93.2M | C$64.4M |
| Total debt | C$0 | C$22.3M | C$25.7M | C$18.2M | C$17.0M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Winpak WPK.TO | $1.91B | +12% | +3% | 15% | 12.5× | -10.9% |
| Seeing Machines SEE.L | n/a | -16% | n/a | n/a | n/a | n/a |
| Amcor AMCR | $20.7B | +14% | +57% | 9% | n/a | 5.8% |
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.
| Measure | WPK.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.2% | +0.5% | 5th highest of 21 |
| 6-month return | +12.4% | -4.0% | 7th highest of 21 |
| Distance from 52-week high | -12.9% | -22.7% | 5th highest of 21 |
| Revenue growth (TTM) | +3.3% | +1.8% | 10th highest of 21 |
| Operating margin | 15.0% | 5.9% | 2nd highest of 21 |
| Forward P/E | 12.5× | 16.1× | 8th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -10.9% | 3.3% | least demanding of 15 |
| Growth delivered (Del g) | +6.6% | +5.7% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | -17.4 pp | -2.8 pp | 2nd least demanding of 15 |
| ROIC minus cost of capital | +6.5 pp | -0.6 pp | highest of 21 |
| EV / EBITDA | 6.8× | 7.5× | 5th cheapest of 12 |
| Net debt / EBITDA | -1.6× | 2.4× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Winpak WPK.TO | Canada | $1.91B | +12% | +3% | 15% | 12.5× | -10.9% | +6.6% |
| Shandong Pharmaceutical Glass 600529.SS | China | $1.85B | 0% | -9% | 18% | 16.5× | -2.4% | +5.5% |
| Jia Yao 1626.HK | Hong Kong | $2.05B | +175% | +161% | 6% | n/a | n/a | n/a |
| ORG Technology 002701.SZ | China | $1.65B | -22% | +24% | 5% | 9.6× | -5.2% | +15.8% |
| Jiamei Food Packaging (Chuzhou) 002969.SZ | China | $1.55B | -56% | -10% | 6% | 86.4× | 22.4% | +7.3% |
| Shanghai Zijiang Enterprise 600210.SS | China | $1.54B | -3% | -18% | 10% | 11.3× | n/a | n/a |
| Jiangsu Hualan New Pharmaceutical Material 301093.SZ | China | $1.53B | -27% | +6% | 5% | 77.4× | 50.9% | +6.7% |
| Shanghai Shunho New Materials Technology 002565.SZ | China | $1.51B | -50% | -15% | -3% | n/a | n/a | n/a |
| Verallia SAS VRLA.PA | France | $2.56B | -10% | -3% | 9% | 14.7× | 5.6% | +5.6% |
| TriMas TRS | United States | $1.37B | -10% | -33% | 5% | 19.1× | n/a | n/a |
| Orora ORA.AX | Australia | $1.34B | +17% | +6% | 11% | 15.8× | 2.5% | -8.9% |
| Nine Dragons Paper 2689.HK | Hong Kong | $2.76B | -29% | +22% | 9% | 4.4× | n/a | n/a |
| Ardagh Metal Packaging AMBP | United States | $2.82B | +18% | +17% | 5% | 17.0× | 4.1% | +9.8% |
| Viscofan VIS.MC | Spain | $2.86B | -5% | +3% | 15% | 16.6× | -3.4% | +6.5% |
| Shenzhen Leaguer 002243.SZ | China | $1.27B | -18% | +5% | -3% | 19.9× | 44.6% | +1.6% |
| Shenzhen Changhong Technology 300151.SZ | China | $1.23B | -12% | -1% | 6% | 59.9× | n/a | n/a |
| Gerresheimer GXI.DE | Germany | $1.21B | +24% | +9% | -4% | 18.0× | 55.8% | +10.3% |
| Fuji Seal International 7864.T | Japan | $1.18B | +38% | +4% | 9% | 10.8× | -9.5% | +5.9% |
| Huhtamaki HUH1V.HE | Finland | $3.12B | -1% | -2% | 9% | 11.0× | -6.3% | +3.7% |
| Cascades CAS.TO | Canada | $1.15B | +49% | +1% | 5% | 9.2× | -1.9% | +3.1% |
| Graphic Packaging GPK | United States | $3.31B | +5% | 0% | 6% | 12.3× | 5.0% | +5.6% |