WestRock Company

NYSE:WRK 株式レポート

時価総額：US$11.9b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

WestRock 将来の成長

Future 基準チェック /36

WestRock利益と収益がそれぞれ年間29.2%と2.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に9.4% 29%なると予測されています。

主要情報

29.2%

収益成長率

28.95%

EPS成長率

Packaging 収益成長23.3%
収益成長率2.5%
将来の株主資本利益率9.45%
アナリストカバレッジ

Good

最終更新日07 Jul 2024

今後の成長に関する最新情報

Recent updates

Seeking Alpha • Jun 05

WestRock: Exceptional Free Cash Flow Off Highly Productive Assets

Summary Companies in the basic material sector have performed well in the first half of 2024, aligning with previous estimates. WestRock Company is a standout in the paper and packaging industry, trading at relative premiums to peers. WRK demonstrates strong business economics, including high inventory turnover and significant free cash flow, supporting a buy rating. Read the full article on Seeking Alpha
Seeking Alpha • Feb 27

WestRock Company: Hold, Technicals Are Neutral And Upside Is Limited

Summary WestRock Company has outperformed the S&P 500 by 11.43% in the past year, but its financial performance is weak. Technical indicators suggest that the stock has entered a neutral outlook, with weakening momentum. Despite its attractive dividend policy and restructuring plans, the stock has minimal upside from a valuation perspective. Read the full article on Seeking Alpha
Seeking Alpha • Nov 24

WestRock Acquisitions Did Not Create Shareholder Value

Summary WRK's revenue grew at a 7.8% CAGR over the past 9 years. This was due to the combination of organic growth, acquisitions and product price tailwinds. The operating returns achieved by the company were lower than its cost of funds. Growth did not create shareholders' value. It also incurred high impairment charges. Given the poor fundamentals and poor margin of safety, it is not an investment opportunity. Looking at the return and price trends, it is also not a short candidate. Hold. Read the full article on Seeking Alpha
Seeking Alpha • Sep 12

WestRock: Solid Asset-Based, But (Likely) Not The Right Time

Summary WestRock reported better-than-expected Q3 results, beating consensus estimates on EPS and EBITDA. WestRock's cost saving initiatives are exceeding the company's internal expectations. No valuation details on the potential merger combination. The company's earnings are under pressure, and valuation is at the bottom. Given WestRock assets, ongoing restructuring, and geographical footprint, we reiterated our buy rating target. Read the full article on Seeking Alpha
Seeking Alpha • Aug 22

WestRock Company: Buying Low And Selling High

Summary WestRock Company is a quality company trading below book value, penalized by the market due to several factors. The company has put the worst behind it, and most of the factors contributing to its low stock price are not fully justified. The company is a reliable business and has exhibited above-average market returns previously. The market could potentially be providing investors an opportunity to buy into this business at a discount. I plan to buy the stock now and hold it only until multiples expand beyond the previous highs. Read the full article on Seeking Alpha
Seeking Alpha • Jul 18

WestRock Company: 69% Upside But Poor Profitability Comps Vs. Peers

Summary Over the past decade, WRK has seen significant growth in revenue and free cash flow, with revenue increasing by 122.69% and free cash flow by 87.25%. WRK lags behind its industry peers in terms of profitability, the management team has set ambitious goals to improve performance and increase profitability in the coming years. WRK may be currently undervalued, presenting investors with a potential return of 69.35% compared to the company's current market price based on a DCF calculation. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

WestRock: Asymmetric Opportunity At $35

Summary WestRock shares fell nearly 8% last week as management withdrew full-year guidance following weak results in the company's global paper segment. While 2023 will likely be a disappointing year, WestRock has many attractive attributes, including a solid position in an improved corrugated packaging industry. With a stable demand profile in its consumer and corrugated packaging businesses, WestRock has consistently generated $4+ per share in free cash flow over the past 7 years. WestRock's balance sheet is in good shape with Net Debt to EBITDA of 2.35x. Management plans to further reduce leverage to 1.75-2.25x. I see modest upside even if the business continues to experience weak results and significant (+150%) upside should management achieve its 2025 targets. It has been a rough ride for WestRock (WRK) shareholders. The stock has declined 45% over the past five years and is down nearly 25% in the last year, significantly underperforming the broader market. Shares declined last week after the company withdrew full-year EBITDA guidance citing weakness in its global paper segment and an uncertain demand outlook (high customer inventories) given the economic environment. While the global paper segment, which represented ~30% of EBITDA (3 year average), is subject to greater volatility than the company's consumer packaging and corrugated packaging segments, I believe the market has overly discounted WestRock shares which now sell for just ~8x current year (depressed) free cash flow per share. As I discuss below, I see modest upside even if the business continues to experience weak results and significant (+150%) upside should management achieve its 2025 targets. Reasons to like WestRock Improved industry structure following years of industry consolidation. Ten years ago, the top five players controlled less than 50% of the corrugated packaging market. After a decade of consolidation, the top 4 players now control 75-80% of the market which creates a much more favorable dynamic in terms of capacity additions and pricing. Long-term outlook for demand remains favorable - e-commerce is all but certain to grow and environmental consciousness points to a continued movement away from plastic packaging. Room for operational improvement - WestRock is the product of a series of mergers. As we sit today, WestRock's corrugated EBITDA margins (15-17%) lag competitor Packaging Corporation of America (PKG) which has consistently produced 22-24% EBITDA margins. While some of this is due to mix (PKG's focus on smaller regional customers), there is an opportunity to improve margins through operational improvement as shown below. With large scale acquisitions now complete, under CEO David Sewell (joined WestRock in March of 2021), WestRock is increasingly focused on integration/operational excellence. Cost Savings Targets (Investor Presentation) Some cost headwinds now becoming tailwinds - Natural gas and recycled fiber prices have significantly declined over the past 6 months though virgin fiber costs (tend to move the opposite direction of new home construction) have increased. Consistent History of Free Cashflow Generation - as shown below, WestRock has generated adjusted free cash flow of $1+ billion each year since 2016. Consistent Free Cashflow Generation (Investor Presentation)
Seeking Alpha • Jan 27

WestRock declares $0.275 dividend

WestRock (NYSE:WRK) declares $0.275/share quarterly dividend, in line with previous. Forward yield 2.87% Payable Feb. 22; for shareholders of record Feb. 10; ex-div Feb. 9. See WRK Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Nov 09

WestRock to sell stake in RTS Packaging to Sonoco Products for $330M

WestRock (NYSE:WRK) said Wednesday it will sell its stake in RTS Packaging to joint venture partner Sonoco Products (SON) for $330M. The firm's mill in Chattanooga, Tennessee - which supplies RTS with uncoated recycled paperboard (URB) - is included in the RTS Packaging deal. WestRock (WRK) will also sell its URB mills in Eaton, Indiana, and Aurora, Illinois to Ox Industries for $50M. The Eaton and Aurora mills produce URB, which is not a priority product for WestRock (WRK). When the deals close, WestRock (WRK) employees will transition to employment with Sonoco (SON) or Ox, as applicable. The deal with Sonoco (SON) is expected to close in H1 2023 while the deal with Ox is expected to close in late 2022 or early 2023. Last month, WestRock (WRK) said it would close corrugated medium manufacturing operations at its Minnesota recycled paper mill.
Seeking Alpha • Oct 27

WestRock raises dividend by 10% to $0.275

WestRock (NYSE:WRK) declares $0.275/share quarterly dividend, 10% increase from prior dividend of $0.250. Forward yield 3.28% Payable Nov. 23; for shareholders of record Nov. 10; ex-div Nov. 9. See WRK Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Oct 05

WestRock to close corrugated medium manufacturing at Minnesota facility

WestRock (NYSE:WRK) said Wednesday it will close corrugated medium manufacturing operations at its St. Paul, Minnesota recycled paper mill, reducing its annual corrugated medium production by 200K tons. Production of coated recycled board at the mill will continue. WRK said the corrugated medium machinery at the mill would require significant capital to maintain. ~130 jobs will be eliminated by the shutdown.
Seeking Alpha • Sep 19

WestRock Is A Clear Buy At This Price

Summary WestRock is delivering a positive pricing delta. The company is safe at the balance sheet level, and the cost-saving plan is providing a good margin of safety. Too many positive trends to ignore. We support the long-term growth, reiterating our valuation. Buy confirmed. In conjunction with our follow-up note on International Paper (IP), we decided to analyze WestRock's (WRK) implications after FedEx's (FDX) earnings alarm. Last Friday, Wall Street was already depressed due to the Federal Reserve interest rate decision that is expected in two days, but FedEx's preliminary results were a wake-up call to the global economy. WestRock and the entire paper segment suffered a massive capital downside. The Tennessee-based transportation giant's results were far below consensus estimates, and the company also withdrew its full-year earnings guidance due to the economic slowdown. The warning comes as consumers worldwide are struggling with higher costs for basic necessities like food and fuel. As already explained in IP analysis, WestRock's stock price decline was further depressed by Jefferies's note, in which the analyst was not favorable towards the whole sector due to 1) an ongoing lower demand in containerboard, 2) clientele inventory level and 3) a recession fear based on lower consumer expenditure. WestRock's stock price evolution (last 5 days) (Yahoo Finance) So, What's Next? In Q3, WestRock delivered a good set of numbers with record top-line sales and EBITDA. After having increased the company's guidance during the Q2 presentation, Management confirmed once again its future outlook. In our conclusive paragraph, we forecasted a $3.5 billion EBITDA for year-end, estimating the low range of WestRock guidance emphasizing the company's resiliency and profitability. WestRock guidance (WestRock Q3 Results)
Seeking Alpha • Aug 03

WestRock Q3 2022 Earnings Preview

WestRock (NYSE:WRK) is scheduled to announce Q3 earnings results on Thursday, August 4th, before market open. The consensus EPS Estimate is $1.48 (+48.0% Y/Y) and the consensus Revenue Estimate is $5.51B (+14.6% Y/Y). Over the last 2 years, WRK has beaten EPS estimates 88% of the time and has beaten revenue estimates 63% of the time. Over the last 3 months, EPS estimates have seen 7 upward revisions and 4 downward. Revenue estimates have seen 11 upward revisions and 0 downward.
Seeking Alpha • Jul 25

WestRock: Buy This Growth Stock On The Cheap

WRK should see the benefits of its transformational and streamlining efforts in the form of continued strong growth. It has an aggressive share repurchase program and pays a well-covered and growing dividend. Recent share price weakness has made this an attractive stock for potentially strong long-term returns. Market volatility is a value investor's dream, as buying stocks when they are irrationally priced is a key driver for market-beating returns. It's important, however, to carry a well-diversified portfolio as one can never predict when the unexpected will hit any one sector. As in the words of Sir John Templeton, "the only investors who don't need to diversify are those who are 100% right all the time." This brings me to the growing industrial firm, WestRock (WRK), which is trading close to its 52-week. As shown below, WRK now sits well its 52-week high of nearly $55 achieved as recently as May. In this article, I highlight what makes WRK a good buy for those who prize growth and income, so let's get started. WRK Stock (Seeking Alpha) Why WRK? WestRock is a paper and packaging products company that supports clients around the world, with operations North and South America, Europe, Asia, and Australia. The company has a diversified product mix with corrugated packaging accounting for approximately 60% of sales, followed by consumer packaging (15%), and paper and recycling (25%). In total, WRK serves over 25,000 customers in various end-markets including food and beverage, home improvement, e-commerce, and healthcare. The company has a long runway for growth as global demand for corrugated packaging is forecast to increase 3-4% annually through 2025. This growth will be driven by continued e-commerce penetration as well as underlying economic fundamentals such as population and income growth. I also view WRK as being a consolidator in its fragmented industry, as it has a solid history of growth through acquisitions. WRK has continued to demonstrate impressive growth, with net sales up 21% YoY to $5.4 billion in the second quarter, driven by robust 15% and 35% growth in Paper and Packaging sales, respectively, due to increased demand and price increases. Importantly, WRK is not growing at the expense of margins, as adjusted EBITDA grew by a faster 33% YoY. This increased profitability flowed to the bottom line, as adjusted EPS grew by an impressive 117% YoY to $1.17. Looking forward, WRK should see the benefits of its transformational and streamlining efforts, as noted by management during the recent conference call: We've been making significant progress in our efforts to transform WestRock into the very best paper and packaging company. We have aligned our mills into one organization and updated our operating segments to provide increased transparency and better reflect how we manage our business. We've established a global supply chain organization to reduce costs and drive efficiencies. We've launched the WestRock operating system to standardize reporting and drive greater productivity and we have completed a strategic review of our assets, taking our first step to rationalize our portfolio and drive improved return on invested capital. Nonetheless, WRK isn't immune to risks of a global slow down and cost inflation, as management expects higher energy, freight, and labor costs, which could weigh on margins in the near-term. However, WRK maintains a strong capital position to withstand near term adversities, as it has $3.2 billion of liquidity, comprised of cash on hand and availability under its long-term committed credit facilities. WRK's net debt to adjusted EBITDA ratio now sits at 2.34x, and management expects to achieve a leverage ratio in the 1.75-2.25x range.
Seeking Alpha • May 13

WestRock: Price Increase Over Cost Inflation

Investor Day and Q2 results update. Price increases well ahead of cost inflation. Guidance upwards. We were already forecasting higher revenue growth and increased margins. We maintain and confirm our buy rating.

業績と収益の成長予測

NYSE:WRK - アナリストの将来予測と過去の財務データ ( )USD Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
9/30/202620,6691,0521,3972,9912
9/30/202520,4068608722,5576
9/30/202419,4413535312,2007
3/31/202419,4563054631,590N/A
12/31/202320,007-1,7177301,837N/A
9/30/202320,310-1,6496861,828N/A
6/30/202320,724-1,4146731,784N/A
3/31/202321,123-1,2388561,928N/A
12/31/202221,2278081,0622,034N/A
9/30/202221,2579451,1582,020N/A
6/30/202220,9459241,2782,158N/A
3/31/202220,2417961,2042,071N/A
12/31/202119,2978689951,813N/A
9/30/202118,7468381,4642,280N/A
6/30/202118,127-6411,7112,334N/A
3/31/202117,547-7131,6592,324N/A
12/31/202017,557-6771,5852,359N/A
9/30/202017,579-6911,0932,071N/A
6/30/202017,7597769972,250N/A
3/31/202018,2138508842,244N/A
12/31/201918,3858621,0162,438N/A
9/30/201918,2898639412,310N/A
6/30/201917,8748328842,195N/A
3/31/201917,3228479242,123N/A
12/31/201816,7199108811,989N/A
9/30/201816,2851,9069311,931N/A
6/30/201816,1091,8227231,630N/A
3/31/201815,6671,8827171,557N/A
12/31/201715,3071,762N/A1,629N/A
9/30/201714,860708N/A1,464N/A
6/30/201714,411425N/A1,788N/A
3/31/201714,312248N/A1,730N/A
12/31/201614,148201N/A1,683N/A
9/30/201614,172148N/A1,688N/A
6/30/201614,176340N/A1,694N/A
3/31/201613,119346N/A1,428N/A
12/31/201512,082400N/A1,394N/A
9/30/201511,125497N/A1,204N/A
6/30/201510,117545N/A1,219N/A
3/31/201510,109522N/A1,172N/A
12/31/201410,047495N/A1,180N/A
9/30/20149,895480N/A1,152N/A
6/30/20149,772502N/A1,059N/A
3/31/20149,690509N/A1,111N/A
12/31/20139,621751N/A1,060N/A
9/30/20139,545727N/A1,033N/A

アナリストによる今後の成長予測

収入対貯蓄率: WRKの予測収益成長率 (年間29.2% ) は 貯蓄率 ( 2.4% ) を上回っています。

収益対市場: WRKの収益 ( 29.2% ) はUS市場 ( 16.4% ) よりも速いペースで成長すると予測されています。

高成長収益: WRKの収益は今後 3 年間で 大幅に 増加すると予想されています。

収益対市場: WRKの収益 ( 2.5% ) US市場 ( 11.4% ) よりも低い成長が予測されています。

高い収益成長: WRKの収益 ( 2.5% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: WRKの 自己資本利益率 は、3年後には低くなると予測されています ( 9.4 %)。

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2024/07/09 08:14
終値2024/07/08 00:00
収益2024/03/31
年間収益2023/09/30

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

WestRock Company 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。23

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