Added to YB: 2024-10-07
Pitch date: 2024-10-07
PACK [bullish]
Ranpak Holdings Corp.
-8.4%
current return
Author Info
Northeastern University Student Value Fund is the premier investment fund at Northeastern University. Visit their website.
Company Info
Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia.
Market Cap
$338.6M
Pitch Price
$5.95
Price Target
10.48 (+89%)
Dividend
N/A
EV/EBITDA
9.70
P/E
-15.65
EV/Sales
1.88
Sector
Containers and Packaging
Category
growth
New Investment Idea: Long Ranpak - $PACK
PACK: Paper packaging co. w/ 90% consumables rev. Amazon shift to sustainable packaging = $5-10M EBITDA. 40% GM, $110M EBITDA by 2025 (11x). Deleveraging to <3x D/EBITDA by 2025. Risks: supplier reliance, input costs, FX, One Madison ownership. PT $10.48, 73% upside.
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