One-glance verdict
Undervalued
$247.03 our estimate vs market $116.25
Wall Street consensus: $136.15 (-44.9% lower than our fair-value estimate)
53% below our estimate, below the bear case
Fundamentals snapshot
Crown Holdings, Inc.
CCK · NYQ · Consumer Cyclical · Packaging & Containers
Current price
$116.25
52-week range
$91.31 - $122.91
Market cap
$12.56B
Balance sheet
Stretched
4.11x Stretched
Net debt $5.22B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
0 Risks
3 rewards · 0 risks
- Reward Revenue grew 7.2% last year.
- Reward Returns 27.1% on equity, ahead of 80% of its peers.
- Reward Free cash flow was positive in 7/10 years.
What this company does
Crown Holdings, Inc.
Crown Holdings makes and sells packaging like aluminum drink cans and glass bottles, primarily for beverages, and they also offer shipping protection products. Their main income comes from selling these packaging goods to companies, and this business model matters because it shows how essential their products are for getting drinks and other goods to consumers safely.
How the company got here
Crown Holdings, Inc. has a long history, starting way back in 1892. Over the decades, it grew by making and selling various types of packaging. A key part of its journey has been expanding its reach both within the United States and across the globe, becoming a major player in the packaging industry. This growth has been fueled by acquiring other companies and developing new packaging solutions to meet changing customer needs.
What it actually does
Crown Holdings makes and sells a wide variety of packaging products that you see every day. Think of the aluminum cans your soda or sparkling water comes in, or the glass bottles for your favorite juice. They also produce steel crowns for bottles, aluminum caps, and cans for food, pet food, and even aerosols. Beyond just the containers, they also provide the equipment and materials needed to protect goods during shipping, like plastic straps and protective cushioning.
Americas Beverage
This is a major part of Crown's business, focusing on making aluminum cans and the tops (called 'ends') for beverage companies in North and South America. These are the cans you'd find for beer, soft drinks, and other drinks. This segment is a significant contributor to the company's overall sales, as the demand for convenient and recyclable beverage packaging remains strong in these regions.
European Beverage
Similar to the Americas Beverage segment, this part of Crown focuses on producing aluminum beverage cans and ends, but specifically for the European market. It serves breweries and beverage makers across Europe, providing them with the packaging needed for their products. This segment is also a substantial revenue generator, reflecting the widespread use of canned beverages on the continent.
Asia Pacific
This segment is responsible for manufacturing and selling beverage cans and other packaging solutions to customers in the Asia Pacific region. As economies in this part of the world continue to grow, so does the demand for packaged goods, making this a key area for Crown's expansion and sales. The products here likely include beverage cans as well as other types of packaging tailored to local market needs.
Transit Packaging
This business line is all about protecting goods as they move from the factory to the consumer. Crown provides materials like plastic and steel straps, industrial films, and cushioning products such as airbags and edge protectors. They also supply the equipment, both manual and automatic, to apply these protective solutions. This segment serves a broad range of industries that need to ensure their products arrive safely, from food and personal care items to industrial goods.
What management is betting on now
Crown's management is focused on growing its core businesses, particularly in beverage cans, by investing in new capacity and technologies. They are also looking to expand their presence in emerging markets where demand for packaging is rising. A key strategic priority is to continue innovating with more sustainable packaging solutions, like increasing the use of recycled aluminum, to meet environmental goals and consumer preferences. This focus on growth and sustainability is intended to drive future profitability and market leadership.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$478.00M
FY2024 Q4
$146.00M
FY2025 Q1
$-19.00M
FY2025 Q2
$393.00M
FY2025 Q3
$488.00M
FY2025 Q4
$255.00M
FY2026 Q1
$-141.00M
FY2026 Q2
$597.00M
Revenue
$3.67B
Net income
$245.00M
Diluted EPS
2.23
Operating cash flow
$713.00M
Free cash flow
$597.00M
Fetching…
Sources
Revenue
$3.26B
Net income
$175.00M
Diluted EPS
1.56
Operating cash flow
$-54.00M
Free cash flow
$-141.00M
Fetching…
Sources
Revenue
$3.13B
Net income
$150.00M
Diluted EPS
1.32
Operating cash flow
$487.00M
Free cash flow
$255.00M
Fetching…
Sources
Revenue
$3.20B
Net income
$214.00M
Diluted EPS
1.85
Operating cash flow
$580.00M
Free cash flow
$488.00M
Fetching…
Sources
Revenue
$3.15B
Net income
$181.00M
Diluted EPS
1.56
Operating cash flow
$449.00M
Free cash flow
$393.00M
Fetching…
Sources
Revenue
$2.89B
Net income
$193.00M
Diluted EPS
1.65
Operating cash flow
$14.00M
Free cash flow
$-19.00M
Fetching…
Sources
Revenue
$2.90B
Net income
$358.00M
Diluted EPS
3.01
Operating cash flow
$295.00M
Free cash flow
$146.00M
Fetching…
Sources
Revenue
$3.07B
Net income
$-175.00M
Diluted EPS
-1.47
Operating cash flow
$554.00M
Free cash flow
$478.00M
Fetching…
Sources
Is it cheap or expensive?
Fair value $247.03 vs current price $116.25
Wall Street consensus is the average analyst price target: $136.15 (-44.9% lower than our fair-value estimate).
Our most-likely fair value is $247.03 a share — about 112.5% above today's price of $116.25, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Stretched
Net debt $5.2B. Interest coverage 4.1x.
Net debt
$5.22B
Interest coverage
4.11x
Crown Holdings, Inc.'s profit covers its interest bill about 4.1 times over. which is stronger than most peers shown here.
Stretched
Worse cushion
Baseline
Better cushion
CCK
BASELINE
Crown Holdings, Inc.
Total debt $5.85B Interest coverage 4.11x This is the baseline the peer rows are being compared against.
Total debt $7.58B Interest coverage 4.43x +8% vs CCK Has roughly the same debt cushion as CCK.
Total debt $4.83B Interest coverage 3.48x -15% vs CCK Carries about 1.2x less debt cushion than CCK.
Total debt $15.14B Interest coverage 3.25x -21% vs CCK Carries about 1.3x less debt cushion than CCK.
Total debt $4.99B Interest coverage 1.76x -57% vs CCK Carries about 2.3x less debt cushion than CCK.
What you should know
The case for and against CCK
3 Rewards
0 Risks
Rewards
-
Revenue grew 7.2% last year.
-
Returns 27.1% on equity, ahead of 80% of its peers.
-
Free cash flow was positive in 7/10 years.
Risks
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
16.21x
Forward P/E
12.79x
P/B
4.23x
P/S
0.91x
EV/EBITDA
8.59x
PEG ratio
0.64x
Profitability
How much profit each dollar creates
Gross margin
20.2%
Operating margin
12.0%
Net margin
5.8%
ROE
27.1%
ROA
7.1%
Health
Liquidity and balance-sheet strength
Debt / equity
1.69x
Current ratio
1.14x
Quick ratio
0.64x
Total debt
$5.85B
Total cash
$629.00M
Growth
How the business has been compounding
Revenue TTM
$13.26B
Revenue 5Y CAGR
2.1%
EPS TTM
7.17
EPS 5Y CAGR
2.1%
Cash flow
How much cash the business throws off
Operating CF TTM
$1.73B
Free CF TTM
$1.12B
FCF margin
8.4%
Dividend
Shareholder payout
Yield
1.2%
Payout ratio
17.5%
Last ex-div date
2026-11-05