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Winpak
(TSX:WPK)
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Rating:67Neutral
Price Target:
C$44.00
▲(2.16% Upside)
Action:Downgraded
Date:05/01/26
The score is primarily supported by strong financial resilience (debt-free balance sheet and solid margins) and a reasonable P/E. Offsetting this, technical indicators are notably weak (price below key moving averages, negative MACD, oversold RSI/Stoch), and the sharp TTM revenue contraction is a key fundamental risk.
Positive Factors
Debt-free balance sheet
Winpak's near-zero leverage and zero reported TTM debt provide durable financial flexibility. This reduces bankruptcy risk, supports capital allocation for capex, dividends, or M&A, and enables the company to endure demand shocks without reliance on external financing.
Negative Factors
Sharp TTM revenue decline
A 42% trailing-twelve-month revenue contraction is a material structural concern that impairs operating leverage, reduces absolute profit dollars, and can erode market position. Sustained top-line weakness pressures reinvestment capacity and challenges margin maintenance.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Winpak's near-zero leverage and zero reported TTM debt provide durable financial flexibility. This reduces bankruptcy risk, supports capital allocation for capex, dividends, or M&A, and enables the company to endure demand shocks without reliance on external financing.
Read all positive factors
Winpak (WPK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.57B
Dividend Yield7.11%
Average Volume (3M)50.74K
Price to Earnings (P/E)13.9
Beta (1Y)0.40
Revenue Growth-2.26%
EPS Growth-7.15%
CountryCA
Employees2,900
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)2.22
Shares Outstanding58,662,500
10 Day Avg. Volume54,448
30 Day Avg. Volume50,738
Financial Highlights & Ratios
PEG Ratio-5.56
Price to Book (P/B)1.54
Price to Sales (P/S)1.73
P/FCF Ratio19.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$47.00Price Target Upside9.12% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)2.43
Revenue Forecast (FY)C$1.18B
Winpak Business Overview & Revenue Model
Company Description
Winpak Ltd., founded in 1975 and headquartered in Winnipeg, Canada, operates as a global producer and distributor of sophisticated packaging materials and the machinery used with them. A subsidiary of Wihuri International Oy, the company serves ma...
How the Company Makes Money
Winpak makes money primarily by manufacturing and selling packaging materials and related solutions to customers that need dependable, high-barrier packaging for food and healthcare products. Its key revenue streams are: (1) Packaging materials sa...
Winpak Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.12B | 1.15B | 1.13B | 1.14B | 1.18B | 1.00B |
| Gross Profit | 336.04M | 346.74M | 361.63M | 334.15M | 331.76M | 274.45M |
| EBITDA | 235.05M | 236.15M | 265.40M | 250.22M | 224.24M | 189.70M |
| Net Income | 133.84M | 139.43M | 149.46M | 148.13M | 128.34M | 103.81M |
Balance Sheet | ||||||
| Total Assets | 1.55B | 1.56B | 1.65B | 1.57B | 1.46B | 1.32B |
| Cash, Cash Equivalents and Short-Term Investments | 353.31M | 374.94M | 497.26M | 541.87M | 398.67M | 377.46M |
| Total Debt | 0.00 | 29.92M | 17.85M | 13.84M | 12.53M | 13.49M |
| Total Liabilities | 202.29M | 239.81M | 363.21M | 187.82M | 223.71M | 205.96M |
| Stockholders Equity | 1.31B | 1.29B | 1.25B | 1.35B | 1.20B | 1.08B |
Cash Flow | ||||||
| Free Cash Flow | 103.17M | 103.23M | 58.14M | 151.81M | 28.11M | 48.52M |
| Operating Cash Flow | 180.11M | 189.61M | 181.92M | 220.84M | 77.57M | 97.06M |
| Investing Cash Flow | -77.45M | -87.34M | -123.77M | -69.03M | -49.46M | -48.54M |
| Financing Cash Flow | -103.96M | -226.04M | -102.75M | -8.61M | -6.90M | -166.40M |
Winpak Technical Analysis
Positive
43.07
Price Trends
41.04
Positive
43.61
Positive
43.48
Positive
Market Momentum
0.72
Negative
74.28
Negative
95.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WPK, the sentiment is Positive. The current price of 43.07 is above the 20-day moving average (MA) of 41.77, above the 50-day MA of 41.04, and below the 200-day MA of 43.48, indicating a bullish trend. The MACD of 0.72 indicates Negative momentum. The RSI at 74.28 is Negative, neither overbought nor oversold. The STOCH value of 95.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WPK.
Winpak Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$15.84B | 20.21 | 14.41% | 1.44% | 4.34% | -4.98% | |
67 Neutral | C$2.57B | 13.92 | 10.32% | 7.11% | -2.26% | -7.15% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | C$1.21B | 11.65 | 5.95% | 3.90% | 0.02% | ― | |
59 Neutral | C$485.09M | 1.41 | 7.69% | 8.32% | -29.78% | 88.96% | |
58 Neutral | C$90.51M | 8.37 | 9.93% | 19.66% | 0.50% | ― |
* Consumer Cyclical Sector Average
TSE:WPK
Winpak
43.88
-0.84
-1.88%
TSE:CCL.A
CCL Industries (A)
93.49
14.77
18.76%
TSE:SXP
Supremex
3.72
0.53
16.65%
TSE:TCL.A
Transcontinental
5.60
2.76
97.32%
TSE:CAS
Cascades
11.97
3.21
36.68%
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.