Packaging Corporation of America

Packaging Corporation of America

PKGยทNYSE

$224.39

-0.20%
Consumer CyclicalPackaging & Containers

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.

At a Glance

Live Snapshot
Market Cap$19.99B
EPS8.6100
P/E Ratio26.06
Earnings Date07/22/2026
Packaging Corporation of America

Packaging Corporation of America Fair Value Envelope

PKG ยท NYSE

Our analysis suggests that PKG has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $224.39, this represents a potential HIDDEN relative to our calculated worth for Packaging Corporation of America.

Intrinsic Value
Current Price: $224.39

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$384.9B
+ Cash & Equivalents$529.0M
Firm Value$385.4B
- Debt$4.4B
Equity Value$381.0B
/ Shares Outstanding89,977,067B
DCF Value$4.2K
UNDERVALUED BY 1787%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$2.2B
$3.0B
$4.2B
$5.9B
$8.3B
$11.6B
$16.2B
$22.6B
$31.6B
$44.1B
Maintenance CapEx
-$231.6M
-$323.6M
-$452.1M
-$631.6M
-$882.5M
-$1.2B
-$1.7B
-$2.4B
-$3.4B
-$4.7B
Owner Earnings
$1.9B
$2.7B
$3.8B
$5.3B
$7.4B
$10.4B
$14.5B
$20.2B
$28.2B
$39.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.8B
$2.3B
$3.0B
$3.9B
$5.0B
$6.5B
$8.4B
$10.9B
$14.1B
$18.3B
Terminal Value represents 80.7% of Enterprise Value