Ranpak Holdings (0ZA) AI Stock Analysis

Ranpak Holdings

(Frankfurt:0ZA)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Automation growthRapid automation growth is diversifying Ranpak beyond traditional protective packaging and strengthening its competitive differentiation. Reaching the 2026 revenue target could improve scale economics, absorb overhead more effectively, and create a durable source of profitable expansion.

Negative Factors

Persistent net lossesRanpak remains loss-making at the net income level, showing that improved gross margin and near break-even operations have not yet overcome the broader cost and interest burden. Persistent losses can restrict reinvestment capacity and delay consistent shareholder returns.

Ranpak Holdings (0ZA) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 270.23M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -7.9
Beta (1Y): 1.25
Revenue Growth: 2.83%
EPS Growth: 11.56%
Country: Germany
Employees: 800
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Packaging & Containers

Ranpak Holdings Business Overview & Revenue Model

Company Description

Ranpak Holdings Corp., established in 1972 and headquartered in Concord Township, Ohio, specializes in crafting product protection solutions for both e-commerce and industrial logistics across North America, Europe, and Asia. The company offers a com...

Ranpak Holdings Earnings Call Summary

Earnings Call Date:Oct 28, 2026(Q3-2026)|% Change Since:-19.88%|Next Earnings Date:Mar 15, 2027

Earnings Call SentimentPositive

The call was broadly positive. Revenue, adjusted EBITDA, automation, margins, liquidity, and operating efficiency all improved, while management maintained full-year guidance and outlined growth opportunities in automation and cold chain. These strengths were tempered by a volatile macroeconomic environment, lower overall volumes, continued weakness in APAC, European demand and margin pressure, foreign-exchange headwinds, warrant provisions, and still-elevated leverage.

Positive Updates

Continued Revenue and Adjusted EBITDA Growth

Consolidated net revenue increased 3.4% year-over-year on a constant-currency basis in the third quarter, or 3.8% excluding the impact of warrants. Reported revenue increased 2.3% in the quarter and 8.9% year to date. Adjusted EBITDA increased $1.1 million to $22.5 million in the quarter, up 6.1% in constant-currency terms and 7.7% excluding warrants. Year-to-date adjusted EBITDA increased $5.3 million to $60.5 million.

Negative Updates

Overall Volume Decline and Regional Weakness

Overall volumes declined 2.5% in the quarter. Europe and APAC were softer after a strong second quarter, while Europe and APAC PPS volume declined 4.9% as EMEA customers worked down inventory and APAC distributors adjusted to shorter lead times and lower e-commerce sales.

Company Guidance

Ranpak continues to expect to achieve $60 million in net revenue from automation in 2026, which would be 50% growth versus 2025, with strong growth to continue next year; automation is expected to reach overall profitability and $60 million in revenue this year, break even on an adjusted EBITDA basis this year, and provide a positive contribution in 2027, with a profitable year in automation the whole year in 2027. The company expects a traditional step-up from Q3 to Q4 due to seasonality and continues to expect to meet its prior guidance for the year; it expects Q4 will be positive from an adjusted EBITDA perspective, Europe to be better in Q4, and a roughly 2% headwind in the fourth quarter if rates stay where they are. Cash is expected to continue to improve in the fourth quarter, with a goal of achieving net leverage of between 2.5x and 3.0x over the next 24 months. Additional cold chain capacity is on track to come online in early 2027 and is expected to be a meaningful contributor in 2027, probably starting in the second quarter and as the year progresses, while automation and cold chain are expected to drive the bulk of the growth.

Ranpak Holdings Risk Analysis

Ranpak Holdings disclosed 46 risk factors in its most recent earnings report. Ranpak 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

Ranpak Holdings Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

DE:0ZA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GEF	71Outperform	$4.49B	4.71	33.40%	2.85%	-24.38%	43.47%
PKG	69Neutral	$22.88B	31.73	15.62%	2.13%	11.98%	-17.91%
GPK	63Neutral	$2.65B	14.14	5.92%	4.72%	0.02%	-63.11%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SW	54Neutral	$22.53B	48.22	2.56%	4.12%	1.11%	-37.09%
SON	45Neutral	$4.94B	-23.80	-6.12%	4.26%	3.56%	-11673.60%

* Consumer Cyclical Sector Average

Performance Comparison

DE:0ZA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:0ZA	Ranpak Holdings Corp. Class A	2.66	-1.82	-40.63%
GPK	Graphic Packaging Holding	9.33	-7.00	-42.86%
GEF	Greif Class A	82.82	27.37	49.37%
PKG	Packaging Corporation Of America	258.64	64.44	33.18%
SON	Sonoco Products Company	50.21	11.05	28.22%
SW	Smurfit Westrock PLC	43.40	8.82	25.51%

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.

Ranpak Holdings AI Stock Analysis