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Crown Holdings
(NYSE:CCK)
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Rating:76Outperform
Price Target:
$129.00
▲(8.92% Upside)
Action:Reiterated
Date:10/21/26
CCK scores well primarily on improving operating performance and supportive cash generation, reinforced by a positive earnings outlook (maintained EPS guidance and raised free-cash-flow expectations). Technicals also add support with the stock trading above key moving averages, though near-term overbought signals raise pullback risk. Valuation is reasonable (P/E ~15.8) but the dividend yield is modest, and balance-sheet leverage remains the main fundamental risk to monitor.
Positive Factors
Structural beverage-can demand
Broad-based beverage-can volume growth across Asia, North America and Europe indicates durable adoption rather than dependence on one region. New product launches, sustainability benefits and aluminum recyclability can support continued category expansion and reinforce Crown’s position with major beverage customers over the next several quarters.
Negative Factors
Elevated financial leverage
Leverage remains elevated even after improving from prior years, which limits financial flexibility if packaging demand weakens or refinancing costs rise. Debt obligations can also compete with growth investment and shareholder returns, while leverage-amplified returns on equity may overstate underlying balance-sheet strength.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural beverage-can demand
Broad-based beverage-can volume growth across Asia, North America and Europe indicates durable adoption rather than dependence on one region. New product launches, sustainability benefits and aluminum recyclability can support continued category expansion and reinforce Crown’s position with major beverage customers over the next several quarters.
Read all positive factors
Crown Holdings Key Performance Indicators (KPIs)
Any
Revenue By Geography
Breaks down revenue across different regions, revealing where Crown Holdings is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where Crown Holdings is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyCrown Holdings (CCK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.76B
Dividend Yield1.12%
Average Volume (3M)1.02M
Price to Earnings (P/E)16.3
Beta (1Y)0.58
Revenue Growth13.83%
EPS Growth-11.08%
CountryUS
Employees23,000
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)7.21
Shares Outstanding108,760,510
10 Day Avg. Volume991,509
30 Day Avg. Volume1,019,800
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)3.96
Price to Sales (P/S)0.96
P/FCF Ratio10.81
Enterprise Value/Market Cap1.35
Enterprise Value/Revenue1.25
Enterprise Value/Gross Profit7.04
Enterprise Value/Ebitda8.09
Forecast
1Y Price Target
$130.89Price Target Upside10.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)8.4
Revenue Forecast (FY)$13.71B
Crown Holdings Business Overview & Revenue Model
Company Description
Crown Holdings, Inc. is a global enterprise dedicated to the design, production, and sale of a diverse range of packaging solutions and related machinery. Its operations span the Americas, Europe, and Asia Pacific, serving both consumer and indust...
How the Company Makes Money
Crown Holdings makes money primarily by manufacturing and selling rigid packaging products under long-term, high-volume supply arrangements with major brand owners and fillers. Its largest revenue stream is the sale of metal beverage cans and matc...
Crown Holdings Earnings Call Summary
Earnings Call Date:Oct 19, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 09, 2027
Earnings Call Sentiment Positive
The call was broadly positive. Strong global beverage can demand, 7% adjusted EPS growth, 6% volume growth, robust free cash flow, maintained earnings guidance, substantial shareholder returns, and a strong equipment order book significantly outweighed challenges from inflation, the Middle East conflict, transit packaging weakness, regional volume declines, and capacity constraints.Positive Updates
Adjusted Earnings and Revenue Growth
Third-quarter diluted earnings per share increased to $2.08 from $1.85 in the prior-year quarter. Adjusted diluted earnings per share rose 7% to $2.39 from $2.24, while net sales increased to $3.7 billion from $3.2 billion, primarily reflecting higher global beverage can shipments and the pass-through of higher material costs.
Negative Updates
Inflation and Middle East Conflict Pressure
Inflationary pressures related primarily to the Middle East conflict reduced third-quarter segment income by approximately $17 million and adjusted diluted earnings per share by $0.12. Energy, industrial gases, freight, and other costs remained elevated from pre-conflict levels, and management included a similar headwind in its fourth-quarter estimate.
Read all updates
Q3-2026 Updates
Positive
Negative
Adjusted Earnings and Revenue Growth
Third-quarter diluted earnings per share increased to $2.08 from $1.85 in the prior-year quarter. Adjusted diluted earnings per share rose 7% to $2.39 from $2.24, while net sales increased to $3.7 billion from $3.2 billion, primarily reflecting higher global beverage can shipments and the pass-through of higher material costs.
Read all positive updates
Company Guidance
Crown expects full year 2026 adjusted diluted earnings per share to be in the range of $8.35 to $8.45 and fourth quarter adjusted diluted earnings per share to be in the range of $1.63 to $1.73, with net interest expense of $355 million, exchange rates at current levels including a euro dollar at approximately $1.12, effective tax rate of approximately 25%, depreciation of approximately $325 million, non controlling interest expense of approximately $145 million, dividends to non controlling interest of approximately 110, adjusted free cash flow of at least $950 million, capital spending of approximately $550 million, and year end adjusted net leverage of approximately 2.5x; full year global beverage can growth is targeted at 4% to 5%, fourth quarter global volume growth is estimated at 3.5% to 4%, North America shipments are expected to be up in the 3% to 4% range, Europe is expected to continue growing in the order of 3% to 5% or 2% to 4%, and Asia will continue to grow in the low to mid single digit range, while fourth quarter Middle East operations are expected to include continued declines, transit is expected to have a similar comparison to the prior year as Q3 and be down a little bit, and other segment results are expected to be flat to maybe slightly down; the company also said it expects to generate on the order of 900 million to a billion of free cash flow every year and indicated that $700 million, $800 million a year in share buybacks is not too far out of the question.Crown Holdings Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
62
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.77B | 12.37B | 11.80B | 12.01B | 12.94B | 11.39B |
| Gross Profit | 2.44B | 2.27B | 2.54B | 2.46B | 2.30B | 2.37B |
| EBITDA | 2.12B | 2.02B | 1.90B | 1.82B | 1.75B | 295.00M |
| Net Income | 794.00M | 734.00M | 424.00M | 450.00M | 727.00M | -560.00M |
Balance Sheet | ||||||
| Total Assets | 14.62B | 14.27B | 13.85B | 15.03B | 14.30B | 13.86B |
| Cash, Cash Equivalents and Short-Term Investments | 629.00M | 879.00M | 1.02B | 1.40B | 639.00M | 592.00M |
| Total Debt | 5.85B | 6.17B | 6.42B | 7.70B | 7.21B | 6.46B |
| Total Liabilities | 11.16B | 10.79B | 10.62B | 12.17B | 12.01B | 11.53B |
| Stockholders Equity | 2.94B | 3.00B | 2.76B | 2.41B | 1.85B | 1.91B |
Cash Flow | ||||||
| Free Cash Flow | 975.00M | 1.10B | 789.00M | 660.00M | -36.00M | 89.00M |
| Operating Cash Flow | 1.52B | 1.51B | 1.19B | 1.45B | 803.00M | 905.00M |
| Investing Cash Flow | -500.00M | -320.00M | -12.00M | -804.00M | -642.00M | 1.51B |
| Financing Cash Flow | -1.54B | -1.34B | -1.53B | 116.00M | -25.00M | -2.94B |
Crown Holdings Technical Analysis
Positive
118.44
Price Trends
112.80
Positive
111.61
Positive
107.61
Positive
Market Momentum
1.59
Negative
65.05
Neutral
92.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCK, the sentiment is Positive. The current price of 118.44 is above the 20-day moving average (MA) of 110.46, above the 50-day MA of 112.80, and above the 200-day MA of 107.61, indicating a bullish trend. The MACD of 1.59 indicates Negative momentum. The RSI at 65.05 is Neutral, neither overbought nor oversold. The STOCH value of 92.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CCK.
Crown Holdings Risk Analysis
Crown Holdings disclosed 35 risk factors in its most recent earnings report. Crown Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Crown Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $12.76B | 16.27 | 27.10% | 1.12% | 13.83% | -11.08% | |
68 Neutral | $17.14B | 18.35 | 17.04% | 1.24% | 16.86% | 64.01% | |
67 Neutral | $4.15B | 15.41 | 11.69% | 2.11% | 8.43% | -9.80% | |
65 Neutral | $21.32B | 17.46 | 9.49% | 5.64% | 56.62% | 32.08% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $2.73B | 50.50 | -7.98% | 8.77% | 17.04% | ― | |
53 Neutral | $4.96B | -23.75 | -6.12% | 4.27% | 3.57% | ― |
* Consumer Cyclical Sector Average
CCK
Crown Holdings
117.29
19.42
19.85%
BALL
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64.76
15.60
31.73%
SLGN
Silgan Holdings
39.30
-4.52
-10.32%
SON
Sonoco Products
50.12
12.29
32.50%
AMCR
Amcor
46.11
7.13
18.29%
AMBP
Ardagh Metal Packaging
4.56
1.14
33.33%
Crown Holdings Corporate Events
Business Operations and StrategyExecutive/Board Changes
Crown Holdings Announces Retirement of Senior Legal Executive
Neutral
Sep 4, 2026
Crown Holdings announced that Adam Dickstein, its Senior Vice President, General Counsel and Secretary, informed the company on September 3, 2026 of his decision to retire from those roles. His retirement is scheduled to take effect on December 31...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.