Packaging Corporation of America: Comments On Q3 Results

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Mare Evidence Lab
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Summary

  • Positive pricing delta thanks to higher selling prices.
  • Within our paper coverage, PKG has a rock-solid balance sheet and the lowest payout ratio.
  • At more than 4% dividend yield, PKG offers a good entry point. Our buy rating is confirmed.

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Last time, we initiated coverage on Packaging Corporation of America (NYSE:PKG), providing a deep dive into the company's key takeaways. Thanks to six competitive advantages, we rated PKG with a clear buy and a target price

PKG EBITDA by division

PKG EBITDA by Division (PKG Q3 Press Release)

PKG debt metrics

PKG Debt Metrics (Bank of America Global Agriculture & Materials Conference)

This article was written by

Mare Evidence Lab profile picture
3.44K Followers
Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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