Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Packaging Corporation of America

PKG stock analysis · Materials · Paper & Plastic Packaging Products & Materials

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$238.28HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$21.2B

Price × SEC outstanding shares. Shares measured 2026-05-01. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$124.20

Equity cash-flow scenario · SEC outstanding shares at 2026-05-01 · -47.9% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

21.4%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

8.0%

18 sector peers · median 29.8×

How this is calculated ↗
Valuation

Historical multiples

22.8×

6 annual observations · snapshot P/E 27.6× · 21.2% versus history

How this is calculated ↗
Valuation

Free cash flow yield

3.4%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

12.3%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

47/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

21.4%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-8.0%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

3.2%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.6B2020-12-31: cfo $1,032,800,000.002020-12-31: capex $421,200,000.0020202021-12-31: cfo $1,094,100,000.002021-12-31: capex $605,100,000.0020212022-12-31: cfo $1,495,000,000.002022-12-31: capex $824,200,000.0020222023-12-31: cfo $1,315,100,000.002023-12-31: capex $469,700,000.0020232024-12-31: cfo $1,191,200,000.002024-12-31: capex $669,700,000.0020242025-12-31: cfo $1,557,500,000.002025-12-31: capex $828,900,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$155.79$169.98$185.24
10.0%$114.16$124.20$134.99
12.0%$90.06$97.73$105.94

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-319B774.1M1.6B828.9M10.7B
2024-12-318.4B805.1M1.2B669.7M8.8B
2023-12-317.8B765.2M1.3B469.7M8.7B
2022-12-318.5B1B1.5B824.2M8B
2021-12-317.7B841.1M1.1B605.1M7.8B
2020-12-316.7B461M1B421.2M7.4B
2019-12-317B696.4M1.2B399.5M7.2B
2018-12-317B738M1.2B551.4M6.6B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue9BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-26
netIncome774.1MProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-26
Parent/common earnings proxy768.9MNetIncomeLossAvailableToCommonStockholdersBasic2026-02-26
cfo1.6BNetCashProvidedByUsedInOperatingActivities2026-02-26
capex828.9MPaymentsToAcquirePropertyPlantAndEquipment2026-02-26
operatingIncome1.1BOperatingIncomeLoss2026-02-26
assets10.7BAssets2026-02-26
equity4.6BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-26
Parent book equity proxy4.6BStockholdersEquity2026-02-26
debt4BLongTermDebt2026-02-26
shortDebtNot reported under a supported tag
cash529MCashAndCashEquivalentsAtCarryingValue2026-02-26
shares89.6MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-26
dividends449.6MPaymentsOfDividendsCommonStock2026-02-26
buybacks153MPaymentsForRepurchaseOfCommonStock2026-02-26
issuanceNot reported under a supported tag