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Smurfit Kappa Group

ISE:SK3
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SK3
ISE
€6B
Market Cap
  1. Home
  2. IE
  3. Materials
Company description

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The last earnings update was 23 days ago. More info.


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SK3 Share Price and Events
7 Day Returns
1.6%
ISE:SK3
0.5%
Europe Packaging
3.4%
IE Market
1 Year Returns
-25.1%
ISE:SK3
-12.4%
Europe Packaging
-4.7%
IE Market
SK3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Smurfit Kappa Group (SK3) 1.6% 5.2% 10.9% -25.1% 16.4% 62.1%
Europe Packaging 0.5% 1.1% 6.7% -12.4% 11.5% 46.7%
IE Market 3.4% 2.6% 13% -4.7% 5.9% 41.9%
1 Year Return vs Industry and Market
  • SK3 underperformed the Packaging industry which returned -12.4% over the past year.
  • SK3 underperformed the Market in Ireland which returned -4.7% over the past year.
Price Volatility
SK3
Industry
5yr Volatility vs Market

SK3 Value

 Is Smurfit Kappa Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Smurfit Kappa Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Smurfit Kappa Group.

ISE:SK3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year IE Government Bond Rate 0.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ISE:SK3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IE Govt Bond Rate 0.9%
Equity Risk Premium S&P Global 7.1%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.872 (1 + (1- 12.5%) (56.05%))
1.201
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.9% + (1.201 * 7.14%)
9.48%

Discounted Cash Flow Calculation for ISE:SK3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Smurfit Kappa Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ISE:SK3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.48%)
2019 472.72 Analyst x5 431.80
2020 487.34 Analyst x5 406.62
2021 510.70 Analyst x4 389.23
2022 509.57 Est @ -0.22% 354.75
2023 510.15 Est @ 0.11% 324.42
2024 511.94 Est @ 0.35% 297.37
2025 514.58 Est @ 0.52% 273.03
2026 517.82 Est @ 0.63% 250.97
2027 521.51 Est @ 0.71% 230.88
2028 525.51 Est @ 0.77% 212.52
Present value of next 10 years cash flows €3,171.60
ISE:SK3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €525.51 × (1 + 0.9%) ÷ (9.48% – 0.9%)
€6,182.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €6,182.79 ÷ (1 + 9.48%)10
€2,500.29
ISE:SK3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3,171.60 + €2,500.29
€5,671.90
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,671.90 / 236.43
€23.99
ISE:SK3 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €23.99
Current discount Discount to share price of €27.24
= -1 x (€27.24 - €23.99) / €23.99
-13.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Smurfit Kappa Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Smurfit Kappa Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Smurfit Kappa Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ISE:SK3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-2.74
ISE:SK3 Share Price ** ISE (2019-04-17) in EUR €27.24
Europe Packaging Industry PE Ratio Median Figure of 32 Publicly-Listed Packaging Companies 16.67x
Ireland Market PE Ratio Median Figure of 23 Publicly-Listed Companies 11.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Smurfit Kappa Group.

ISE:SK3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:SK3 Share Price ÷ EPS (both in EUR)

= 27.24 ÷ -2.74

-9.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Smurfit Kappa Group is loss making, we can't compare its value to the Europe Packaging industry average.
  • Smurfit Kappa Group is loss making, we can't compare the value of its earnings to the Ireland market.
Price based on expected Growth
Does Smurfit Kappa Group's expected growth come at a high price?
Raw Data
ISE:SK3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
73%per year
Europe Packaging Industry PEG Ratio Median Figure of 17 Publicly-Listed Packaging Companies 1.67x
Ireland Market PEG Ratio Median Figure of 19 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Smurfit Kappa Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Smurfit Kappa Group's assets?
Raw Data
ISE:SK3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €11.68
ISE:SK3 Share Price * ISE (2019-04-17) in EUR €27.24
Europe Packaging Industry PB Ratio Median Figure of 37 Publicly-Listed Packaging Companies 1.64x
Ireland Market PB Ratio Median Figure of 33 Publicly-Listed Companies 1.29x
ISE:SK3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:SK3 Share Price ÷ Book Value per Share (both in EUR)

= 27.24 ÷ 11.68

2.33x

* Primary Listing of Smurfit Kappa Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Smurfit Kappa Group is overvalued based on assets compared to the Europe Packaging industry average.
X
Value checks
We assess Smurfit Kappa Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Packaging industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Packaging industry average (and greater than 0)? (1 check)
  5. Smurfit Kappa Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SK3 Future Performance

 How is Smurfit Kappa Group expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
73%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Smurfit Kappa Group expected to grow at an attractive rate?
  • Smurfit Kappa Group's earnings growth is expected to exceed the low risk savings rate of 0.9%.
Growth vs Market Checks
  • Smurfit Kappa Group's earnings growth is expected to exceed the Ireland market average.
  • Smurfit Kappa Group's revenue growth is positive but not above the Ireland market average.
Annual Growth Rates Comparison
Raw Data
ISE:SK3 Future Growth Rates Data Sources
Data Point Source Value (per year)
ISE:SK3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 73%
ISE:SK3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 2.8%
Europe Packaging Industry Earnings Growth Rate Market Cap Weighted Average 25.7%
Europe Packaging Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Ireland Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ISE:SK3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ISE:SK3 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,698 1,390 653 5
2020-12-31 9,543 1,428 652 9
2019-12-31 9,314 1,387 683 8
ISE:SK3 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 8,946 1,033 -646
2018-09-30 8,895 941 -58
2018-06-30 8,757 836 536
2018-03-31 8,647 790 490
2017-12-31 8,562 743 417
2017-09-30 8,414 725 398
2017-06-30 8,343 752 407
2017-03-31 8,287 765 428
2016-12-31 8,159 734 444
2016-09-30 8,188 786 468
2016-06-30 8,162 788 443
2016-03-31 8,148 790 419

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Smurfit Kappa Group's earnings are expected to grow significantly at over 20% yearly.
  • Smurfit Kappa Group's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ISE:SK3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Smurfit Kappa Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:SK3 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.80 2.92 2.58 3.00
2020-12-31 2.78 3.42 2.39 6.00
2019-12-31 2.92 3.41 2.74 6.00
ISE:SK3 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -2.74
2018-09-30 -0.25
2018-06-30 2.27
2018-03-31 2.08
2017-12-31 1.77
2017-09-30 1.69
2017-06-30 1.73
2017-03-31 1.82
2016-12-31 1.89
2016-09-30 2.00
2016-06-30 1.90
2016-03-31 1.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Smurfit Kappa Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Smurfit Kappa Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Smurfit Kappa Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SK3 Past Performance

  How has Smurfit Kappa Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Smurfit Kappa Group's growth in the last year to its industry (Packaging).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Smurfit Kappa Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Smurfit Kappa Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Smurfit Kappa Group's 1-year growth to the Europe Packaging industry average as it is not currently profitable.
Earnings and Revenue History
Smurfit Kappa Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Smurfit Kappa Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:SK3 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 8,946.00 -646.00 1,835.00
2018-09-30 8,895.00 -58.00 1,835.50
2018-06-30 8,757.00 536.00 1,820.00
2018-03-31 8,647.00 490.00 1,788.00
2017-12-31 8,562.00 417.00 1,769.00
2017-09-30 8,414.00 398.00 1,728.00
2017-06-30 8,343.00 407.00 1,695.00
2017-03-31 8,287.00 428.00 1,691.00
2016-12-31 8,159.00 444.00 1,661.00
2016-09-30 8,188.00 468.00 1,662.00
2016-06-30 8,162.00 443.00 1,662.00
2016-03-31 8,148.00 419.00 1,674.00
2015-12-31 8,109.00 400.00 1,677.00
2015-09-30 8,128.00 303.00 1,707.00
2015-06-30 8,132.00 268.00 1,723.00
2015-03-31 8,113.00 247.00 1,706.00
2014-12-31 8,083.00 241.00 1,697.00
2014-09-30 8,008.00 275.00 1,667.00
2014-06-30 7,996.00 257.00 1,659.00
2014-03-31 8,000.00 220.00 1,675.00
2013-12-31 7,957.00 188.00 1,658.00
2013-09-30 7,749.00 186.00 1,637.00
2013-06-30 7,563.00 203.00 1,606.00
2013-03-31 7,401.00 215.00 1,554.00
2012-12-31 7,335.00 240.00 1,546.00
2012-09-30 7,329.00 269.00 1,524.00
2012-06-30 7,367.00 247.00 1,509.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Smurfit Kappa Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Smurfit Kappa Group has efficiently used its assets last year compared to the Europe Packaging industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Smurfit Kappa Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Smurfit Kappa Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Packaging industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Smurfit Kappa Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SK3 Health

 How is Smurfit Kappa Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Smurfit Kappa Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Smurfit Kappa Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Smurfit Kappa Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Smurfit Kappa Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Smurfit Kappa Group Company Filings, last reported 3 months ago.

ISE:SK3 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,890.00 3,545.00 407.00
2018-09-30 2,890.00 3,545.00 407.00
2018-06-30 2,628.00 3,937.00 1,051.00
2018-03-31 2,628.00 3,937.00 1,051.00
2017-12-31 2,659.00 3,354.00 530.00
2017-09-30 2,575.00 3,460.00 589.00
2017-06-30 2,488.00 3,463.00 451.00
2017-03-31 2,670.00 3,517.00 567.00
2016-12-31 2,503.00 3,400.00 436.00
2016-09-30 2,356.00 3,440.00 479.00
2016-06-30 2,252.00 3,420.00 289.00
2016-03-31 2,310.00 3,390.00 353.00
2015-12-31 2,328.00 3,339.00 270.00
2015-09-30 2,181.00 3,224.00 263.00
2015-06-30 2,210.00 3,266.00 158.00
2015-03-31 2,128.00 3,220.00 282.00
2014-12-31 2,419.00 3,176.00 387.00
2014-09-30 2,517.00 3,144.00 555.00
2014-06-30 2,403.00 3,591.00 897.00
2014-03-31 2,338.00 3,080.00 425.00
2013-12-31 2,507.00 3,083.00 447.00
2013-09-30 2,435.00 3,324.00 684.00
2013-06-30 2,381.00 3,288.00 462.00
2013-03-31 2,454.00 3,381.00 502.00
2012-12-31 2,469.00 3,282.00 447.00
2012-09-30 2,375.00 3,870.00 1,219.00
2012-06-30 2,317.00 3,298.00 502.00
  • Smurfit Kappa Group's level of debt (122.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (123.1% vs 122.7% today).
  • Debt is well covered by operating cash flow (29.1%, greater than 20% of total debt).
  • Smurfit Kappa Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Smurfit Kappa Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Smurfit Kappa Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SK3 Dividends

 What is Smurfit Kappa Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.58%
Current annual income from Smurfit Kappa Group dividends. Estimated to be 3.93% next year.
If you bought €2,000 of Smurfit Kappa Group shares you are expected to receive €72 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Smurfit Kappa Group's pays a higher dividend yield than the bottom 25% of dividend payers in Ireland (2.19%).
  • Smurfit Kappa Group's dividend is below the markets top 25% of dividend payers in Ireland (4.03%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ISE:SK3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Europe Packaging Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 3.2%
Ireland Market Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.3%
Ireland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Ireland Bottom 25% Dividend Yield 25th Percentile 2.2%
Ireland Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ISE:SK3 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.15 5.00
2020-12-31 1.07 8.00
2019-12-31 1.02 7.00
ISE:SK3 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.976 3.755
2018-08-01 0.899 3.200
2018-02-07 0.876 2.600
2017-08-02 0.807 3.054
2017-02-08 0.796 3.127
2016-03-23 0.680 3.100
2016-02-10 0.680 3.090
2015-02-11 0.554 2.185
2014-02-12 0.410 2.334
2013-02-06 0.280 1.948
2012-11-07 0.150 1.616
2012-10-15 0.150 1.787
2012-08-01 0.150 2.106
2012-04-03 0.150 2.618
2012-02-09 0.150 2.085
2010-02-10 0.000 0.000
2009-11-11 0.000 0.000
2009-08-12 0.000 0.000
2009-05-08 0.000 0.000
2009-04-20 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Smurfit Kappa Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Smurfit Kappa Group only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Smurfit Kappa Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Smurfit Kappa Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Smurfit Kappa Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Smurfit Kappa Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SK3 Management

 What is the CEO of Smurfit Kappa Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tony Smurfit
COMPENSATION €1,692,000
AGE 55
TENURE AS CEO 3.6 years
CEO Bio

Mr. Anthony Paul J. Smurfit, also known as Tony, has been Group Chief Executive Officer of Smurfit Kappa Group plc since September 1, 2015. Mr. Smurfit served as the Chief Operating Officer of Smurfit Kappa Funding plc from 2002 to 2015. He served as Group Chief Operating Officer at Cartón de Colombia S.A. since November 2002 and served as its Director. Mr. Smurfit served as the Chief Operations Officer of Smurfit Kappa Group plc from November 1, 2002 to August 2015 and served as its President and as its the Chief Executive of Smurfit Europe since October 1999. Mr. Smurfit has worked in various parts of JSG in Europe and the United States. Prior to taking up his position as Chief Executive of Smurfit Europe and Chief Operations Officer, he served as Deputy Chief Executive of Smurfit Europe and previously Chief Executive Officer of Smurfit France. He serves as a Director of MDCP Acquisitions Limited, JSG Acquisitions, JSL and JSG Packaging. He has been a Director of Smurfit Kappa Group plc since 1989. Mr. Smurfit serves as a Director of Munksjo AB, Irish National Stud Company, Smurfit Kappa Group Limited and Jsg Funding Plc. He served as a Director of C And C and C&C Group plc from April 17, 2012 to March 23, 2016. He served as a Director of Munksjö Oyj. He served as a Member of Advisory Board at Hibernia Capital Partners.

CEO Compensation
  • Tony's compensation has been consistent with company performance over the past year.
  • Tony's remuneration is about average for companies of similar size in Ireland.
Management Team Tenure

Average tenure and age of the Smurfit Kappa Group management team in years:

6.3
Average Tenure
55
Average Age
  • The average tenure for the Smurfit Kappa Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tony Smurfit

TITLE
Group CEO & Director
COMPENSATION
€2M
AGE
55
TENURE
3.6 yrs

Ken Bowles

TITLE
Group CFO & Director
COMPENSATION
€920K
AGE
47
TENURE
3 yrs

Brian Marshall

TITLE
Group General Counsel
AGE
61
TENURE
20.3 yrs

Jennifer Victory

TITLE
Group Compliance Manager
AGE
35
TENURE
6.3 yrs

Steven Stoffer

TITLE
Group Vice President Development
AGE
60
TENURE
14.3 yrs

Gianluca Castellini

TITLE
Group Vice President of Human Resources
AGE
49
TENURE
6.3 yrs

Laurent Sellier

TITLE
Chief Operations Officer of Paper Europe
TENURE
3.5 yrs

Paul Regan

TITLE
Group Treasurer
AGE
55
TENURE
24.3 yrs

Michael O'Riordan

TITLE
Group Company Secretary
AGE
61
TENURE
19.3 yrs

R. Guillermo Castañeda

TITLE
Chief Executive Officer of the Americas
AGE
57
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Smurfit Kappa Group board of directors in years:

5.9
Average Tenure
62.5
Average Age
  • The tenure for the Smurfit Kappa Group board of directors is about average.
Board of Directors

W. I. O'Mahony

TITLE
Chairman
COMPENSATION
€350K
AGE
71
TENURE
10.3 yrs

Tony Smurfit

TITLE
Group CEO & Director
COMPENSATION
€2M
AGE
55
TENURE
30.3 yrs

Ken Bowles

TITLE
Group CFO & Director
COMPENSATION
€920K
AGE
47
TENURE
2.3 yrs

Roberto Newell García

TITLE
Senior Independent Director
COMPENSATION
€117K
AGE
70
TENURE
1.9 yrs

Irial Finan

TITLE
Independent Non-Executive Director
COMPENSATION
€130K
AGE
61
TENURE
7.2 yrs

Carol Fairweather

TITLE
Independent Non-Executive Director
AGE
57
TENURE
1.3 yrs

Frits Beurskens

TITLE
Non-Executive Director
COMPENSATION
€120K
AGE
71
TENURE
13.3 yrs

Christel Bories

TITLE
Independent Non-Executive Director
COMPENSATION
€90K
AGE
54
TENURE
6.4 yrs

John Moloney

TITLE
Independent Non-Executive Director
COMPENSATION
€90K
AGE
64
TENURE
5.3 yrs

Gonzalo Restrepo López

TITLE
Independent Non-Executive Director
COMPENSATION
€90K
AGE
67
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Dec 18 Buy W. I. O'Mahony Individual 17. Dec 18 17. Dec 18 10,000 €24.86 €248,576
10. Dec 18 Buy Irial Finan Individual 07. Dec 18 07. Dec 18 9,000 €22.26 €200,340
06. Jun 18 Sell Standard Life Aberdeen plc Company 05. Jun 18 05. Jun 18 -2,762 €33.00 €-91,147
29. May 18 Sell Standard Life Aberdeen plc Company 25. May 18 25. May 18 -4,460 €35.49 €-158,276
24. May 18 Sell Standard Life Aberdeen plc Company 23. May 18 23. May 18 -1,558 €34.26 €-53,377
01. Jun 18 Buy Standard Life Aberdeen plc Company 31. May 18 31. May 18 96,039 €35.40 €3,399,781
22. May 18 Buy Standard Life Aberdeen plc Company 21. May 18 21. May 18 261,734 €34.30 €8,978,108
31. May 18 Sell Standard Life Aberdeen plc Company 30. May 18 30. May 18 -256 €35.47 €-9,080
14. May 18 Sell Standard Life Aberdeen plc Company 11. May 18 11. May 18 -450 €35.30 €-15,887
11. May 18 Sell Standard Life Aberdeen plc Company 10. May 18 10. May 18 -1,043 €35.59 €-37,117
03. May 18 Buy Allianz Asset Management AG Company 02. May 18 02. May 18 5,125 €35.30 €180,913
10. May 18 Buy Allianz Asset Management AG Company 09. May 18 09. May 18 6,170 €35.12 €216,684
17. May 18 Buy Allianz Asset Management AG Company 16. May 18 16. May 18 1,157 €33.59 €38,860
15. Jun 18 Buy Ken Bowles Individual 13. Jun 18 13. Jun 18 365 €33.46 €12,213
07. Jun 18 Sell BNP Paribas, Private & Investment Banking Investments Company 06. Jun 18 06. Jun 18 -9,461 €34.14 €-320,413
07. Jun 18 Buy BNP Paribas, Private & Investment Banking Investments Company 06. Jun 18 06. Jun 18 22,325 €34.44 €767,116
07. Jun 18 Sell Societe Generale Group, Banking Investments Company 06. Jun 18 06. Jun 18 -1,497,233 €34.41 €-49,541,967
07. Jun 18 Buy Societe Generale Group, Banking Investments Company 06. Jun 18 06. Jun 18 205,890 €34.41 €7,007,316
06. Jun 18 Sell BlackRock, Inc. Company 05. Jun 18 05. Jun 18 -13,270 €33.30 €-441,688
06. Jun 18 Buy BlackRock, Inc. Company 05. Jun 18 05. Jun 18 66,337 €33.98 €2,192,080
06. Jun 18 Buy Legal & General Investment Management Limited Company 05. Jun 18 05. Jun 18 27,929 €32.92 €919,406
06. Jun 18 Buy Wellington Management Group LLP Company 05. Jun 18 05. Jun 18 702 €33.24 €23,334
06. Jun 18 Buy BNY Mellon Asset Management Company 05. Jun 18 05. Jun 18 1,322 €33.50 €44,166
06. Jun 18 Buy Societe Generale Group, Banking Investments Company 05. Jun 18 05. Jun 18 87,387 €34.13 €2,943,068
05. Jun 18 Sell Citigroup Inc.,Banking and Securities Investments Company 01. Jun 18 01. Jun 18 -531 €35.58 €-18,876
04. Jun 18 Sell Citigroup Inc.,Banking and Securities Investments Company 18. Apr 18 18. Apr 18 -117 €36.56 €-4,278
05. Jun 18 Buy Janus Henderson Group plc Company 04. Jun 18 04. Jun 18 15,853 €33.34 €528,526
05. Jun 18 Buy Allianz Asset Management AG Company 01. Jun 18 01. Jun 18 549 €35.44 €19,457
05. Jun 18 Sell Societe Generale Group, Banking Investments Company 04. Jun 18 04. Jun 18 -362,599 €35.19 €0
05. Jun 18 Buy Societe Generale Group, Banking Investments Company 04. Jun 18 04. Jun 18 40,294 €35.62 €0
05. Jun 18 Sell Citigroup Inc.,Banking and Securities Investments Company 01. Jun 18 01. Jun 18 -343 €35.42 €-12,149
04. Jun 18 Buy Legal & General Investment Management Limited Company 01. Jun 18 01. Jun 18 5,162 €35.69 €184,153
04. Jun 18 Sell Citigroup Inc.,Banking and Securities Investments Company 29. May 18 29. May 18 -2,178 €36.26 €-78,312
04. Jun 18 Sell Citigroup Inc.,Banking and Securities Investments Company 30. Apr 18 30. Apr 18 -238 €35.25 €-8,390
04. Jun 18 Sell Citigroup Inc.,Banking and Securities Investments Company 24. Apr 18 24. Apr 18 -268 €35.50 €-9,514
04. Jun 18 Sell BlackRock, Inc. Company 01. Jun 18 01. Jun 18 -3,006 €35.69 €-107,280
04. Jun 18 Buy BlackRock, Inc. Company 01. Jun 18 01. Jun 18 58,909 €35.70 €2,099,296
04. Jun 18 Sell BNP Paribas, Private & Investment Banking Investments Company 01. Jun 18 01. Jun 18 -12,128 €35.70 €-432,970
04. Jun 18 Buy BNP Paribas, Private & Investment Banking Investments Company 01. Jun 18 01. Jun 18 11,667 €35.84 €415,945
04. Jun 18 Sell Janus Henderson Group plc Company 01. Jun 18 01. Jun 18 -24,314 €35.70 €-867,976
04. Jun 18 Sell Societe Generale Group, Banking Investments Company 01. Jun 18 01. Jun 18 -19,020 €35.87 €0
04. Jun 18 Buy Societe Generale Group, Banking Investments Company 01. Jun 18 01. Jun 18 32,437 €35.89 €274,926
01. Jun 18 Sell Legal & General Investment Management Limited Company 31. May 18 31. May 18 -271,871 €35.40 €-9,049,857
01. Jun 18 Buy Legal & General Investment Management Limited Company 31. May 18 31. May 18 156,232 €35.40 €5,530,613
01. Jun 18 Sell BlackRock, Inc. Company 31. May 18 31. May 18 -2,432,736 €35.40 €-86,118,853
01. Jun 18 Buy BlackRock, Inc. Company 31. May 18 31. May 18 7,202,231 €35.75 €254,959,078
01. Jun 18 Sell BNY Mellon Asset Management Company 31. May 18 31. May 18 -10,602 €35.40 €-375,311
01. Jun 18 Buy BNY Mellon Asset Management Company 31. May 18 31. May 18 393,253 €35.40 €13,921,156
01. Jun 18 Sell BNP Paribas, Private & Investment Banking Investments Company 31. May 18 31. May 18 -339,907 €35.80 €-1,094,449
01. Jun 18 Buy BNP Paribas, Private & Investment Banking Investments Company 31. May 18 31. May 18 249,709 €35.88 €0
01. Jun 18 Buy Wellington Management Group LLP Company 31. May 18 31. May 18 11,474 €35.40 €406,180
01. Jun 18 Sell Janus Henderson Group plc Company 31. May 18 31. May 18 -22,896 €35.38 €-810,060
01. Jun 18 Buy Janus Henderson Group plc Company 31. May 18 31. May 18 21,722 €35.40 €768,959
01. Jun 18 Sell Societe Generale Group, Banking Investments Company 31. May 18 31. May 18 -192,584 €35.97 €0
01. Jun 18 Buy Societe Generale Group, Banking Investments Company 31. May 18 31. May 18 56,820 €35.88 €53,950
01. Jun 18 Buy Deutsche Asset & Wealth Management Company 31. May 18 31. May 18 12,730 €35.40 €450,642
31. May 18 Buy BlackRock, Inc. Company 30. May 18 30. May 18 1,426 €35.85 €51,123
31. May 18 Sell Societe Generale Group, Banking Investments Company 30. May 18 30. May 18 -58,346 €36.12 €0
31. May 18 Buy Societe Generale Group, Banking Investments Company 30. May 18 30. May 18 13,604 €36.04 €2,126
31. May 18 Buy Allianz Asset Management AG Company 30. May 18 30. May 18 337 €36.02 €12,139
30. May 18 Sell BlackRock, Inc. Company 29. May 18 29. May 18 -4,492 €35.86 €-161,083
30. May 18 Buy BlackRock, Inc. Company 29. May 18 29. May 18 28,092 €35.86 €1,007,378
30. May 18 Sell Societe Generale Group, Banking Investments Company 29. May 18 29. May 18 -26,957 €36.47 €-982,199
30. May 18 Buy Societe Generale Group, Banking Investments Company 29. May 18 29. May 18 65,822 €36.50 €2,400,212
30. May 18 Sell Janus Henderson Group plc Company 29. May 18 29. May 18 -35,334 €36.36 €-1,284,744
30. May 18 Buy Janus Henderson Group plc Company 29. May 18 29. May 18 26,858 €36.24 €973,457
30. May 18 Buy Allianz Asset Management AG Company 29. May 18 29. May 18 1,999 €36.14 €72,244
29. May 18 Sell Deutsche Asset & Wealth Management Company 25. May 18 25. May 18 -10,000 €35.55 €-355,500
29. May 18 Sell BlackRock, Inc. Company 25. May 18 25. May 18 -23,117 €35.44 €-814,056
29. May 18 Sell BNP Paribas, Private & Investment Banking Investments Company 25. May 18 25. May 18 -20,735 €35.44 €-734,912
29. May 18 Buy BNP Paribas, Private & Investment Banking Investments Company 25. May 18 25. May 18 44,307 €35.62 €1,576,637
29. May 18 Buy Janus Henderson Group plc Company 25. May 18 25. May 18 89,827 €35.35 €3,168,381
29. May 18 Sell Societe Generale Group, Banking Investments Company 25. May 18 25. May 18 -91,381 €35.53 €-3,240,806
29. May 18 Buy Societe Generale Group, Banking Investments Company 25. May 18 25. May 18 20,174 €35.49 €715,743
29. May 18 Sell Societe Generale Group, Banking Investments Company 28. May 18 28. May 18 -56 €36.54 €-2,046
29. May 18 Buy Societe Generale Group, Banking Investments Company 28. May 18 28. May 18 9,881 €37.14 €0
25. May 18 Sell Societe Generale Group, Banking Investments Company 24. May 18 24. May 18 -49,212 €35.11 €0
25. May 18 Buy Societe Generale Group, Banking Investments Company 24. May 18 24. May 18 22,181 €34.93 €9,219
25. May 18 Sell BlackRock, Inc. Company 24. May 18 24. May 18 -55,383 €34.52 €-1,911,122
25. May 18 Buy BlackRock, Inc. Company 24. May 18 24. May 18 120 €34.57 €4,148
25. May 18 Sell Columbia Management Investment Advisers, LLC Company 24. May 18 24. May 18 -610,723 €34.62 €-21,101,514
25. May 18 Buy BNY Mellon Asset Management Company 24. May 18 24. May 18 1,434 €34.38 €49,294
24. May 18 Sell BlackRock, Inc. Company 23. May 18 23. May 18 -31,628 €34.50 €-1,087,741
24. May 18 Buy BlackRock, Inc. Company 23. May 18 23. May 18 1,575 €34.50 €54,337
24. May 18 Buy Wellington Management Group LLP Company 23. May 18 23. May 18 7,389 €34.50 €254,920
24. May 18 Sell Janus Henderson Group plc Company 23. May 18 23. May 18 -146,505 €34.76 €-5,072,936
24. May 18 Sell Societe Generale Group, Banking Investments Company 23. May 18 23. May 18 -219,579 €34.89 €0
24. May 18 Buy Societe Generale Group, Banking Investments Company 23. May 18 23. May 18 5,455 €34.87 €5,865
23. May 18 Buy BNY Mellon Asset Management Company 22. May 18 22. May 18 2,540 €34.45 €87,446
23. May 18 Sell BlackRock, Inc. Company 22. May 18 22. May 18 -5,880 €34.56 €-203,213
23. May 18 Buy BlackRock, Inc. Company 22. May 18 22. May 18 290 €34.54 €10,017
23. May 18 Sell Legal & General Investment Management Limited Company 22. May 18 22. May 18 -631 €34.63 €-21,851
23. May 18 Sell BNP Paribas, Private & Investment Banking Investments Company 06. Mar 18 18. May 18 -1,065,202 €37.01 €-39,421,101
23. May 18 Buy BNP Paribas, Private & Investment Banking Investments Company 06. Mar 18 21. May 18 1,125,273 €36.99 €41,623,392
23. May 18 Sell Societe Generale Group, Banking Investments Company 22. May 18 22. May 18 -54,786 €34.67 €0
23. May 18 Buy Societe Generale Group, Banking Investments Company 22. May 18 22. May 18 22,049 €34.65 €34,733
22. May 18 Buy BNY Mellon Asset Management Company 21. May 18 21. May 18 104 €34.18 €3,555
22. May 18 Sell Societe Generale Group, Banking Investments Company 21. May 18 21. May 18 -10,660 €34.65 €-18,297
22. May 18 Buy Societe Generale Group, Banking Investments Company 21. May 18 21. May 18 11,574 €34.39 €12,783
21. May 18 Sell Columbia Management Investment Advisers, LLC Company 18. May 18 18. May 18 -385,578 €34.75 €-13,223,945
21. May 18 Sell BlackRock, Inc. Company 18. May 18 18. May 18 -133 €34.56 €-4,596
21. May 18 Buy BlackRock, Inc. Company 18. May 18 18. May 18 17,690 €34.13 €600,312
21. May 18 Buy BNY Mellon Asset Management Company 18. May 18 18. May 18 992 €33.88 €33,614
21. May 18 Sell Wellington Management Group LLP Company 18. May 18 18. May 18 -1,752 €33.80 €-59,218
21. May 18 Sell Societe Generale Group, Banking Investments Company 18. May 18 18. May 18 -17,065 €34.76 €0
21. May 18 Buy Societe Generale Group, Banking Investments Company 18. May 18 18. May 18 21,843 €34.90 €14,635
18. May 18 Sell Columbia Management Investment Advisers, LLC Company 17. May 18 17. May 18 -683,983 €33.99 €-23,162,686
18. May 18 Sell BlackRock, Inc. Company 17. May 18 17. May 18 -4,464 €33.83 €-150,928
18. May 18 Buy BlackRock, Inc. Company 17. May 18 17. May 18 90,465 €33.98 €3,062,294
18. May 18 Buy Janus Henderson Group plc Company 17. May 18 17. May 18 43,071 €34.01 €1,463,506
18. May 18 Sell Societe Generale Group, Banking Investments Company 17. May 18 17. May 18 -15,465 €34.07 €-37,936
18. May 18 Buy Societe Generale Group, Banking Investments Company 17. May 18 17. May 18 356,198 €34.12 €0
17. May 18 Buy Legal & General Investment Management Limited Company 16. May 18 16. May 18 62,000 €33.70 €2,089,673
17. May 18 Sell BlackRock, Inc. Company 16. May 18 16. May 18 -45,288 €34.75 €-1,573,596
17. May 18 Buy BlackRock, Inc. Company 16. May 18 16. May 18 2,652 €35.81 €90,482
17. May 18 Buy BNY Mellon Asset Management Company 16. May 18 16. May 18 1,106 €33.74 €37,318
17. May 18 Buy Janus Henderson Group plc Company 16. May 18 16. May 18 670,643 €34.21 €22,669,551
17. May 18 Sell Societe Generale Group, Banking Investments Company 16. May 18 16. May 18 -74,153 €36.05 €-2,619,460
17. May 18 Buy Societe Generale Group, Banking Investments Company 16. May 18 16. May 18 57,242 €36.02 €2,048,137
16. May 18 Sell Societe Generale Group, Banking Investments Company 15. May 18 15. May 18 -11,756 €35.93 €0
16. May 18 Buy Societe Generale Group, Banking Investments Company 15. May 18 15. May 18 219,374 €35.84 €27,300
16. May 18 Sell BlackRock, Inc. Company 15. May 18 15. May 18 -138,685 €35.66 €-4,940,646
16. May 18 Buy BlackRock, Inc. Company 15. May 18 15. May 18 255 €35.50 €9,053
16. May 18 Sell Columbia Management Investment Advisers, LLC Company 15. May 18 15. May 18 -488 €35.49 €-17,319
15. May 18 Sell Janus Henderson Group plc Company 14. May 18 14. May 18 -39,074 €35.48 €-1,382,653
15. May 18 Buy Janus Henderson Group plc Company 14. May 18 14. May 18 33,000 €35.37 €1,167,266
15. May 18 Buy BNY Mellon Asset Management Company 14. May 18 14. May 18 191 €35.51 €6,783
15. May 18 Sell Wellington Management Group LLP Company 14. May 18 14. May 18 -4,391 €35.36 €-155,266
15. May 18 Buy Allianz Asset Management AG Company 14. May 18 14. May 18 492 €35.48 €17,456
15. May 18 Sell Societe Generale Group, Banking Investments Company 14. May 18 14. May 18 -15,076 €35.58 €0
15. May 18 Buy Societe Generale Group, Banking Investments Company 14. May 18 14. May 18 4,646 €35.47 €33,451
14. May 18 Sell Columbia Management Investment Advisers, LLC Company 11. May 18 11. May 18 -132,337 €35.60 €-4,703,008
14. May 18 Buy BlackRock, Inc. Company 11. May 18 11. May 18 1,714 €35.36 €60,597
14. May 18 Sell BNY Mellon Asset Management Company 11. May 18 11. May 18 -694 €35.40 €-24,568
14. May 18 Buy BNY Mellon Asset Management Company 11. May 18 11. May 18 371 €35.61 €13,211
14. May 18 Sell Societe Generale Group, Banking Investments Company 11. May 18 11. May 18 -11,240 €35.71 €0
14. May 18 Buy Societe Generale Group, Banking Investments Company 11. May 18 11. May 18 19,083 €35.80 €72,347
11. May 18 Buy BNY Mellon Asset Management Company 10. May 18 10. May 18 859 €35.50 €30,416
11. May 18 Sell BlackRock, Inc. Company 10. May 18 10. May 18 -10,884 €35.32 €-384,419
11. May 18 Buy BlackRock, Inc. Company 10. May 18 10. May 18 2,766 €35.50 €98,190
11. May 18 Sell Societe Generale Group, Banking Investments Company 10. May 18 10. May 18 -11,855 €35.56 €-85,513
11. May 18 Buy Societe Generale Group, Banking Investments Company 10. May 18 10. May 18 11,369 €40.26 €69,403
10. May 18 Sell BlackRock, Inc. Company 09. May 18 09. May 18 -1,092 €35.24 €-38,482
10. May 18 Buy BlackRock, Inc. Company 09. May 18 09. May 18 6,238 €35.24 €219,827
10. May 18 Buy BNY Mellon Asset Management Company 09. May 18 09. May 18 1,423 €35.18 €50,061
10. May 18 Sell Societe Generale Group, Banking Investments Company 09. May 18 09. May 18 -16,477 €35.47 €-87,236
10. May 18 Buy Societe Generale Group, Banking Investments Company 09. May 18 09. May 18 24,284 €35.45 €52,049
09. May 18 Sell Societe Generale Group, Banking Investments Company 08. May 18 08. May 18 -26,360 €35.18 €-925,644
09. May 18 Buy Societe Generale Group, Banking Investments Company 08. May 18 08. May 18 22,371 €35.24 €787,311
09. May 18 Sell BlackRock, Inc. Company 08. May 18 08. May 18 -306 €35.24 €-10,783
09. May 18 Buy BlackRock, Inc. Company 08. May 18 08. May 18 495 €34.91 €17,270
09. May 18 Sell Wellington Management Group LLP Company 08. May 18 08. May 18 -5,909 €34.87 €-206,028
09. May 18 Sell BNY Mellon Asset Management Company 08. May 18 08. May 18 -59 €34.82 €-2,054
09. May 18 Buy BNY Mellon Asset Management Company 08. May 18 08. May 18 1,189 €34.63 €41,179
08. May 18 Buy BlackRock, Inc. Company 04. May 18 04. May 18 29 €34.51 €1,001
08. May 18 Sell Societe Generale Group, Banking Investments Company 04. May 18 04. May 18 -28,211 €34.90 €0
08. May 18 Buy Societe Generale Group, Banking Investments Company 04. May 18 04. May 18 16,211 €34.76 €99,983
08. May 18 Buy GIC Pte. Ltd. Company 04. May 18 04. May 18 4,870 €35.03 €170,596
04. May 18 Sell BlackRock, Inc. Company 03. May 18 03. May 18 -22,990 €34.20 €-786,227
04. May 18 Buy BlackRock, Inc. Company 03. May 18 03. May 18 8,014 €34.36 €275,361
04. May 18 Buy BNY Mellon Asset Management Company 03. May 18 03. May 18 752 €34.45 €25,905
04. May 18 Sell Columbia Management Investment Advisers, LLC Company 03. May 18 03. May 18 -790 €34.60 €-27,330
04. May 18 Sell Allianz Asset Management AG Company 03. May 18 03. May 18 -36,764 €34.34 €-1,262,494
04. May 18 Buy Allianz Asset Management AG Company 03. May 18 03. May 18 814 €34.34 €27,953
04. May 18 Sell Societe Generale Group, Banking Investments Company 03. May 18 03. May 18 -31,018 €35.10 €-1,088,290
04. May 18 Buy Societe Generale Group, Banking Investments Company 03. May 18 03. May 18 13,676 €35.06 €479,476
04. May 18 Sell Janus Henderson Group plc Company 03. May 18 03. May 18 -62,243 €35.10 €-2,184,729
03. May 18 Buy BNY Mellon Asset Management Company 02. May 18 02. May 18 1,639 €35.34 €57,922
03. May 18 Sell BlackRock, Inc. Company 02. May 18 02. May 18 -1,779 €35.23 €-62,680
03. May 18 Buy BlackRock, Inc. Company 02. May 18 02. May 18 4,077 €35.31 €143,974
03. May 18 Buy Legal & General Investment Management Limited Company 02. May 18 02. May 18 294 €35.32 €10,384
03. May 18 Sell Societe Generale Group, Banking Investments Company 02. May 18 02. May 18 -7,707 €35.57 €0
03. May 18 Buy Societe Generale Group, Banking Investments Company 02. May 18 02. May 18 10,902 €35.61 €2,071
02. May 18 Buy BNY Mellon Asset Management Company 01. May 18 01. May 18 3,242 €35.63 €114,388
02. May 18 Sell BlackRock, Inc. Company 01. May 18 01. May 18 -208 €34.98 €-7,276
02. May 18 Buy Societe Generale Group, Banking Investments Company 01. May 18 01. May 18 868 €35.63 €30,697
01. May 18 Sell Societe Generale Group, Banking Investments Company 30. Apr 18 30. Apr 18 -7,154 €35.56 €-42,432
01. May 18 Buy Societe Generale Group, Banking Investments Company 30. Apr 18 30. Apr 18 2,850 €35.56 €0
01. May 18 Buy BNY Mellon Asset Management Company 30. Apr 18 30. Apr 18 42 €35.36 €1,485
01. May 18 Sell BlackRock, Inc. Company 30. Apr 18 30. Apr 18 -8,840 €35.36 €-311,968
01. May 18 Buy BlackRock, Inc. Company 30. Apr 18 30. Apr 18 21,635 €35.36 €765,014
01. May 18 Buy Wellington Management Group LLP Company 30. Apr 18 30. Apr 18 3,026 €35.36 €106,999
01. May 18 Buy Legal & General Investment Management Limited Company 30. Apr 18 30. Apr 18 2,348 €35.37 €83,053
30. Apr 18 Sell BlackRock, Inc. Company 27. Apr 18 27. Apr 18 -74,408 €35.16 €-2,570,851
30. Apr 18 Sell BNY Mellon Asset Management Company 27. Apr 18 27. Apr 18 -4,176 €34.70 €-144,927
30. Apr 18 Buy Legal & General Investment Management Limited Company 27. Apr 18 27. Apr 18 2,707 €34.49 €93,352
30. Apr 18 Buy GIC Pte. Ltd. Company 27. Apr 18 27. Apr 18 4,701 €34.61 €162,702
30. Apr 18 Sell Societe Generale Group, Banking Investments Company 27. Apr 18 27. Apr 18 -18,796 €35.29 €0
30. Apr 18 Buy Societe Generale Group, Banking Investments Company 27. Apr 18 27. Apr 18 12,950 €35.29 €14,188
27. Apr 18 Sell Societe Generale Group, Banking Investments Company 26. Apr 18 26. Apr 18 -139,152 €35.67 €-4,077,379
27. Apr 18 Buy Societe Generale Group, Banking Investments Company 26. Apr 18 26. Apr 18 35,325 €35.56 €0
27. Apr 18 Sell BNY Mellon Asset Management Company 26. Apr 18 26. Apr 18 -52,648 €35.38 €-1,862,347
27. Apr 18 Buy BNY Mellon Asset Management Company 26. Apr 18 26. Apr 18 1,521 €34.41 €52,338
27. Apr 18 Sell Janus Henderson Group plc Company 26. Apr 18 26. Apr 18 -120,429 €35.08 €-4,198,759
27. Apr 18 Buy Allianz Asset Management AG Company 26. Apr 18 26. Apr 18 40,000 €34.56 €1,382,400
27. Apr 18 Sell Columbia Management Investment Advisers, LLC Company 26. Apr 18 26. Apr 18 -2,276 €35.41 €-80,593
27. Apr 18 Sell BlackRock, Inc. Company 26. Apr 18 26. Apr 18 -2,583 €35.12 €-89,288
27. Apr 18 Buy BlackRock, Inc. Company 26. Apr 18 26. Apr 18 286,006 €35.39 €10,091,072
26. Apr 18 Sell Societe Generale Group, Banking Investments Company 25. Apr 18 25. Apr 18 -16,891 €35.03 €-46,326
26. Apr 18 Buy Societe Generale Group, Banking Investments Company 25. Apr 18 25. Apr 18 23,200 €35.08 €25,166
26. Apr 18 Sell Janus Henderson Group plc Company 25. Apr 18 25. Apr 18 -55,026 €34.58 €-1,896,796
26. Apr 18 Sell BlackRock, Inc. Company 25. Apr 18 25. Apr 18 -6,738 €34.44 €-231,987
26. Apr 18 Buy BlackRock, Inc. Company 25. Apr 18 25. Apr 18 21,622 €34.57 €746,614
26. Apr 18 Buy Legal & General Investment Management Limited Company 25. Apr 18 25. Apr 18 51,308 €34.47 €1,768,126
26. Apr 18 Sell BNY Mellon Asset Management Company 25. Apr 18 25. Apr 18 -89 €34.46 €-3,067
25. Apr 18 Buy BNY Mellon Asset Management Company 24. Apr 18 24. Apr 18 368 €35.55 €13,081
25. Apr 18 Buy BlackRock, Inc. Company 24. Apr 18 24. Apr 18 107,961 €35.52 €3,834,625
25. Apr 18 Buy Janus Henderson Group plc Company 24. Apr 18 24. Apr 18 3,301 €35.57 €117,411
25. Apr 18 Sell Societe Generale Group, Banking Investments Company 24. Apr 18 24. Apr 18 -5,497 €35.87 €-1,598
25. Apr 18 Buy Societe Generale Group, Banking Investments Company 24. Apr 18 24. Apr 18 29,822 €35.68 €0
25. Apr 18 Buy Allianz Asset Management AG Company 24. Apr 18 24. Apr 18 687 €35.58 €24,442
24. Apr 18 Sell Wellington Management Group LLP Company 23. Apr 18 23. Apr 18 -1,724 €35.58 €-61,340
24. Apr 18 Sell BlackRock, Inc. Company 23. Apr 18 23. Apr 18 -11,201 €35.50 €-397,469
24. Apr 18 Buy BlackRock, Inc. Company 23. Apr 18 23. Apr 18 63,569 €35.71 €2,256,780
24. Apr 18 Buy Deutsche Asset & Wealth Management Company 23. Apr 18 23. Apr 18 3,300 €35.50 €117,150
24. Apr 18 Sell Societe Generale Group, Banking Investments Company 23. Apr 18 23. Apr 18 -10,599 €35.71 €0
24. Apr 18 Buy Societe Generale Group, Banking Investments Company 23. Apr 18 23. Apr 18 17,002 €35.71 €923
23. Apr 18 Sell Societe Generale Group, Banking Investments Company 20. Apr 18 20. Apr 18 -30,712 €36.53 €-1,121,955
23. Apr 18 Sell BlackRock, Inc. Company 20. Apr 18 20. Apr 18 -2,076 €35.80 €-74,321
23. Apr 18 Buy BlackRock, Inc. Company 20. Apr 18 20. Apr 18 2,263 €35.80 €81,015
23. Apr 18 Buy BNY Mellon Asset Management Company 20. Apr 18 20. Apr 18 388 €36.43 €14,134
23. Apr 18 Buy Wellington Management Group LLP Company 20. Apr 18 20. Apr 18 26,749 €36.19 €967,938
23. Apr 18 Buy Columbia Management Investment Advisers, LLC Company 20. Apr 18 20. Apr 18 916 €36.00 €32,976
23. Apr 18 Buy Allianz Asset Management AG Company 20. Apr 18 20. Apr 18 6,766 €36.07 €244,018
20. Apr 18 Sell BlackRock, Inc. Company 19. Apr 18 19. Apr 18 -499 €36.65 €-18,289
20. Apr 18 Buy BlackRock, Inc. Company 19. Apr 18 19. Apr 18 50,581 €36.65 €1,838,777
20. Apr 18 Sell Societe Generale Group, Banking Investments Company 19. Apr 18 19. Apr 18 -18,170 €36.66 €-2,713
20. Apr 18 Buy Societe Generale Group, Banking Investments Company 19. Apr 18 19. Apr 18 15,063 €36.65 €0
20. Apr 18 Buy Wellington Management Group LLP Company 19. Apr 18 19. Apr 18 13,776 €36.64 €504,753
19. Apr 18 Sell Societe Generale Group, Banking Investments Company 18. Apr 18 18. Apr 18 -17,300 €36.77 €-19,962
19. Apr 18 Buy Societe Generale Group, Banking Investments Company 18. Apr 18 18. Apr 18 21,495 €36.96 €0
19. Apr 18 Sell Janus Henderson Group plc Company 18. Apr 18 18. Apr 18 -46,819 €35.58 €-1,665,914
19. Apr 18 Sell Columbia Management Investment Advisers, LLC Company 18. Apr 18 18. Apr 18 -2,182 €36.36 €-79,338
X
Management checks
We assess Smurfit Kappa Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Smurfit Kappa Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SK3 News

Simply Wall St News

Does Smurfit Kappa Group plc's (ISE:SK3) Debt Level Pose A Problem?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Smurfit Kappa Group plc (ISE:SK3), with a market capitalization of €6.0b, rarely draw their attention from the investing community. … Let’s take a look at SK3’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … See our latest analysis for Smurfit Kappa Group

Simply Wall St -

A Closer Look At Smurfit Kappa Group plc's (ISE:SK3) Impressive ROE

To keep the lesson grounded in practicality, we'll use ROE to better understand Smurfit Kappa Group plc (ISE:SK3). … Our data shows Smurfit Kappa Group has a return on equity of 21% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Smurfit Kappa Group plc (ISE:SK3): Has Recent Earnings Growth Beaten Long-Term Trend?

Assessing Smurfit Kappa Group plc's (ISE:SK3) past track record of performance is a valuable exercise for investors. … Today I will assess SK3's recent performance announced on 30 June 2018 and evaluate these figures to its longer term trend and industry movements. … See our latest analysis for Smurfit Kappa Group?

Simply Wall St -

What Should You Know About Smurfit Kappa Group plc's (ISE:SK3) Return On Capital?

and want to better understand how you can grow your money by investing in Smurfit Kappa Group plc (ISE:SK3). … Therefore, looking at how efficiently Smurfit Kappa Group is able to use capital to create earnings will help us understand your potential return. … Check out our latest analysis for Smurfit Kappa Group

Simply Wall St -

Has Smurfit Kappa Group plc's (ISE:SK3) Earnings Momentum Changed Recently?

Assessing Smurfit Kappa Group plc's (ISE:SK3) past track record of performance is a useful exercise for investors. … Below, I assess SK3's latest performance announced on 31 December 2017 and evaluate these figures to its historical trend and industry movements. … Check out our latest analysis for Smurfit Kappa Group?

Simply Wall St -

Are Insiders Too Confident In Smurfit Kappa Group plc (ISE:SK3)?

Smurfit Kappa Group's insiders have invested. … Generally, insiders buying more shares in their own firm sends a bullish signal … A research published in The MIT Press (1998) concluded that stocks following insider buying outperformed the market by 4.5%.

Simply Wall St -

Is Smurfit Kappa Group plc's (ISE:SK3) Growth Strong Enough To Justify Its June Share Price?

Smurfit Kappa Group plc (ISE:SK3) closed yesterday at €34.9, which left some investors asking whether the high earnings potential can still be justified at this price. … See our latest analysis for Smurfit Kappa Group? … According to the analysts covering the company, the following few years should bring about good growth prospects for Smurfit Kappa Group

Simply Wall St -

Is It Too Late To Buy Smurfit Kappa Group plc (ISE:SK3)?

A question to answer is whether Smurfit Kappa Group's current trading price of €34.88 reflective of the actual value of the? … Let’s take a look at Smurfit Kappa Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change? … Check out our latest analysis for Smurfit Kappa Group

Simply Wall St -

What You Must Know About Smurfit Kappa Group plc's (ISE:SK3) ROE

and looking to gauge the potential return on investment in Smurfit Kappa Group plc (ISE:SK3). … Smurfit Kappa Group plc (ISE:SK3) delivered an ROE of 15.91% over the past 12 months, which is relatively in-line with its industry average of 14.62% during the same period. … View out our latest analysis for Smurfit Kappa Group

Simply Wall St -

Smurfit Kappa Group plc (ISE:SK3): What The Forecasts Are Telling Us

To get some insight, I will shine a light on the behaviour of Smurfit Kappa Group’s margins to help recognise the underlying make-up of revenue and expenses that is responsible for driving future earnings expectations and what it means for SK3's returns relative to its competitors. … Margin Calculation for SK3 Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 417.00 Million ÷ 8.56 Billion = 4.87% Smurfit Kappa Group's margin has expanded in the past five years, with a 14.98% average growth in net income surpassing 2.53% in average revenue growth, which means that the previous increase in revenue has coincided with a larger portion falling to the bottom line. … Thus, it is essential to run your own analysis on Smurfit Kappa Group's future earnings whilst maintaining a watchful eye over the sustainability of their cost management methods and the runway for top line growth.

Simply Wall St -

SK3 Company Info

Description

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products, as well as composite cardboard tubes, and bags and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes. It also provides point of sale displays; automated packing lines; various types of containerboards, such as Kraftliners, testliners, and containerboard flutings; and corrugated sheet boards, solid board sheets, folding carton sheet boards, sack Kraft papers, MG Kraft papers, preprints, printing and writing papers, pine and eucalyptus seedlings, and bleached eucalyptus Kraft pulp. In addition, the company offers recycling solutions to cardboard and paper products, as well as operates as a finance company. It primarily serves food, beverage, and household consumables sectors. Smurfit Kappa Group plc was founded in 1934 and is headquartered in Dublin, Ireland.

Details
Name: Smurfit Kappa Group plc
SK3
Exchange: ISE
Founded: 1934
€6,324,444,265
236,427,823
Website: http://www.smurfitkappa.com
Address: Smurfit Kappa Group plc
Beech Hill,
Clonskeagh,
Dublin,
Co. Dublin, 4,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE SK3 New Ordinary Shares Irish Stock Exchange IE EUR 14. Mar 2007
OTCPK SMFT.F New Ordinary Shares Pink Sheets LLC US USD 14. Mar 2007
DB SK3 New Ordinary Shares Deutsche Boerse AG DE EUR 14. Mar 2007
LSE SKG New Ordinary Shares London Stock Exchange GB GBP 14. Mar 2007
BATS-CHIXE SK3I New Ordinary Shares BATS 'Chi-X Europe' GB EUR 14. Mar 2007
BATS-CHIXE SKGL New Ordinary Shares BATS 'Chi-X Europe' GB GBP 14. Mar 2007
OTCPK SMFK.Y UNSPONSORD ADR Pink Sheets LLC US USD 12. Apr 2012
Number of employees
Current staff
Staff numbers
46,000
Smurfit Kappa Group employees.
Industry
Paper Packaging
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 21:40
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2019/03/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.