Ranpak Holdings (PACK) AI Stock Analysis

• Market Cap: $451.33M
• Dividend Yield: N/A
• Average Volume (3M): 1.05M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.61
• Revenue Growth: 10.38%
• EPS Growth: -123.75%
• Country: US
• Employees: 800
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): -0.09
• Shares Outstanding: 84,361,560
• 10 Day Avg. Volume: 640,162
• 30 Day Avg. Volume: 1,054,958
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.51
• Enterprise Value/Revenue: 1.79
• Enterprise Value/Gross Profit: 5.04
• Enterprise Value/Ebitda: 13.44
• 1Y Price Target: $10.00
• Price Target Upside: 91.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: $5.50 ▲(5.36% Upside)

Ranpak Holdings' overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue and profitability issues. The technical analysis provides some positive momentum, but the overbought conditions suggest caution. Valuation remains unattractive due to negative earnings. The earnings call offers a slightly optimistic outlook for the future, but current challenges weigh heavily on the score.

Positive Factors

Strategic Partnership Expansion

The expanded partnership with Walmart enhances Ranpak's market reach and strengthens its position in the packaging industry, providing a durable revenue stream and potential for increased automation solutions adoption.

Automation Revenue Growth

Strong growth in automation revenue indicates a successful strategic focus on automation solutions, which can drive long-term revenue growth and operational efficiencies.

Operational Efficiency Improvements

Efforts to improve operational efficiency through organizational realignment and cost reductions can enhance margins and profitability over the long term.

Negative Factors

Declining Profitability

Persistent profitability challenges, as indicated by negative margins, can hinder Ranpak's ability to reinvest in growth and sustain long-term financial health.

Cash Flow Difficulties

Weak cash flow generation limits Ranpak's financial flexibility and ability to invest in strategic initiatives, posing a risk to long-term growth.

Challenges in Europe and APAC

Ongoing challenges in key international markets like Europe and APAC can impact overall revenue growth and market expansion efforts, limiting global competitiveness.

Ranpak Holdings Business Overview & Revenue Model

Company Description

Ranpak Holdings Corp., together with its subsidiaries, provide product protection solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands. The company's products also include line automation products, which help end users automate the void filling and box closure processes after product packing is complete. It sells its products to end users primarily through a distributor network, and directly to select end users. Ranpak Holdings Corp. was founded in 1972 and is headquartered in Concord Township, Ohio.

How the Company Makes Money

Ranpak generates revenue through the sale of its packaging systems and materials, which include both equipment and consumables. Key revenue streams include the sale of machinery for producing paper-based packaging solutions, ongoing sales of paper consumables used in these systems, and service agreements for maintenance and support of their equipment. Additionally, the company collaborates with various industries, including e-commerce, retail, and logistics, to develop customized packaging solutions that meet specific customer needs. Strategic partnerships with distributors and manufacturers also enhance its market reach and contribute to steady revenue growth.

Ranpak Holdings Financial Statement Overview

Summary

Ranpak Holdings is experiencing financial challenges, with declining revenue and profitability issues. The balance sheet shows moderate leverage, but the company struggles to generate positive returns and cash flow. While there are some operational efficiencies, the overall financial health is concerning, with a need for improved revenue growth and cash flow management.

Income Statement

Ranpak Holdings shows a declining revenue trend with a negative revenue growth rate of -2.3% in the TTM. The gross profit margin is moderate at 37.0%, but the company struggles with profitability, as indicated by a negative net profit margin of -10.2% and a negative EBIT margin. The EBITDA margin is slightly positive at 11.4%, suggesting some operational efficiency, but overall profitability remains a concern.

Balance Sheet

The company's debt-to-equity ratio is 0.80, indicating a moderate level of leverage. The return on equity is negative at -6.8%, reflecting challenges in generating returns for shareholders. The equity ratio is not explicitly calculated, but the balance sheet shows a stable equity base relative to total assets. Overall, the balance sheet reflects moderate leverage but weak profitability.

Cash Flow

Ranpak Holdings faces challenges with cash flow, as evidenced by a negative free cash flow growth rate of -115.0% in the TTM. The operating cash flow to net income ratio is low at 0.13, indicating limited cash generation relative to net income. The free cash flow to net income ratio is also negative, highlighting cash flow difficulties. Overall, the cash flow position is weak, with significant room for improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	380.70M	368.90M	336.30M	326.50M	383.90M	298.20M
Gross Profit	135.60M	139.80M	123.30M	99.60M	148.90M	122.60M
EBITDA	50.80M	66.10M	55.40M	31.70M	87.60M	79.30M
Net Income	-37.30M	-21.50M	-27.10M	-41.40M	-2.80M	-23.40M
Balance Sheet
Total Assets	1.14B	1.10B	1.12B	1.13B	1.21B	1.13B
Cash, Cash Equivalents and Short-Term Investments	49.20M	76.10M	62.00M	62.80M	103.90M	48.50M
Total Debt	431.30M	431.20M	428.80M	399.00M	408.10M	433.20M
Total Liabilities	599.00M	556.10M	550.70M	520.70M	577.20M	610.60M
Stockholders Equity	539.00M	548.10M	572.00M	612.80M	636.20M	522.90M
Cash Flow
Free Cash Flow	-1.70M	8.30M	-2.70M	-44.70M	-1.40M	30.60M
Operating Cash Flow	11.70M	41.40M	52.60M	700.00K	54.30M	63.80M
Investing Cash Flow	-33.20M	-32.50M	-52.40M	-37.50M	-69.80M	-34.50M
Financing Cash Flow	-1.50M	1.80M	-1.80M	-4.50M	72.00M	-1.60M

Ranpak Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PACK, the sentiment is Positive. The current price of 5.22 is above the 20-day moving average (MA) of 5.01, above the 50-day MA of 4.41, and above the 200-day MA of 5.10, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 59.06 is Neutral, neither overbought nor oversold. The STOCH value of 72.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PACK.

Ranpak Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KRT	70 Outperform	487.45M	15.18	20.57%	7.21%	7.99%	13.05%
MYE	68 Neutral	621.38M	62.74	3.49%	3.25%	1.11%	-74.94%
SON	66 Neutral	4.53B	-64.62	17.10%	4.57%	0.90%	-118.86%
GEF	63 Neutral	2.91B	21.89	8.66%	3.65%	-2.55%	-40.81%
AMBP	58 Neutral	2.34B	-137.68	-2.15%	10.23%	8.39%	72.18%
PACK	54 Neutral	$451.33M	―	-6.24%	―	10.38%	-123.75%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Ranpak Holdings Corporate Events

Ranpak Holdings Enters Agreement with Walmart for Shares

On August 22, 2025, Ranpak Holdings Corp. and Walmart Inc. entered into a Transaction Agreement, allowing Walmart to acquire up to 22,500,000 shares of Ranpak’s common stock through a warrant. The agreement outlines that the shares will vest over time based on Walmart’s spending with Ranpak, with a significant portion expected to be allocated to Automation Solutions. The warrant, which expires in 2035, does not grant Walmart voting rights until exercised, and includes anti-dilution adjustments and registration rights.

Ranpak Holdings Reports Q2 2025 Financial Results

Ranpak Holdings Corp reported its second quarter 2025 financial results, highlighting a 6.8% increase in net revenue year over year to $92.3 million, despite a net loss of $7.5 million compared to a net income of $5.5 million in the prior year. The company continues to face challenges with lower volumes in Europe and APAC, and higher production costs in North America, but remains optimistic about the second half of the year due to cost reduction initiatives and a robust automation backlog, expecting substantial growth and improved financial performance.

Ranpak Holdings Appoints New Chief Operating Officer

Ranpak Holdings Corp. has appointed Paul Aram as Chief Operating Officer, effective upon his joining the company. Mr. Aram, previously with IDEX Corp and Ingersoll Rand Inc., will receive a base salary of €310,000 and a target cash bonus, along with other benefits. Additionally, the company announced the departures of Eric Laurensse and Antonio Grassotti as Managing Directors for Europe and APAC, respectively, effective in late July and early August 2025. Their departures are amicable, with both agreeing to separation agreements that ensure the continued vesting of their equity awards.