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Pactiv Evergreen Balance Sheet Health
Financial Health criteria checks 4/6
Pactiv Evergreen has a total shareholder equity of $1.1B and total debt of $3.4B, which brings its debt-to-equity ratio to 306%. Its total assets and total liabilities are $5.9B and $4.8B respectively. Pactiv Evergreen's EBIT is $511.0M making its interest coverage ratio 2.2. It has cash and short-term investments of $147.0M.
Key information
305.96%
Debt to equity ratio
US$3.39b
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$147.00m |
| Equity | US$1.11b |
| Total liabilities | US$4.77b |
| Total assets | US$5.88b |
Recent financial health updates
Analysis Article • Sep 17
Is Pactiv Evergreen (NASDAQ:PTVE) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Apr 24
Is Pactiv Evergreen (NASDAQ:PTVE) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Recent updates
Analysis Article • Dec 04
Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Price Is Right But Growth Is Lacking After Shares Rocket 28%
The Pactiv Evergreen Inc. ( NASDAQ:PTVE ) share price has done very well over the last month, posting an excellent gain...Analysis Article • Nov 16
Pactiv Evergreen (NASDAQ:PTVE) Is Due To Pay A Dividend Of $0.10
Pactiv Evergreen Inc.'s ( NASDAQ:PTVE ) investors are due to receive a payment of $0.10 per share on 13th of December...Seeking Alpha • Oct 27
Pactiv Evergreen: A Complicated Investment Case
Summary Pactiv Evergreen has struggled since its public offering in 2020, amidst ongoing restructuring efforts and high leverage employed. Despite generating $5.5 billion in annual sales, the company faces challenges to consistently create shareholder value creation due to restructuring charges and industry volatility. Recent financials show a mixed performance, falling sales, high leverage and disappointing prices for divestments. Read the full article on Seeking AlphaAnalysis Article • Oct 10
The Market Doesn't Like What It Sees From Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Revenues Yet
When you see that almost half of the companies in the Packaging industry in the United States have price-to-sales...Analysis Article • Sep 17
Is Pactiv Evergreen (NASDAQ:PTVE) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Narrative • Sep 11
Pivoting To A Capital-Light Model Augments Efficiency And Net Margins Amid Tactical Cost Cuts
Pactiv Evergreen's shift to a core focus on North American converting operations and move towards a capital-light business model could enhance operational efficiency and margins.Seeking Alpha • Aug 14
Pactiv Evergreen: Attractive Entry Point For Long-Term Investors
Summary PTVE recommended as a buy due to cost structure improvements and attractive FCF yield. Poor 2Q24 results led to share price decline, but the long-term outlook remains positive with potential for demand recovery. PTVE is expected to generate $250 million FCF in FY25, offering >10% FCF yield and potential for attractive upside in share price. Read the full article on Seeking AlphaAnalysis Article • Aug 07
Is Now The Time To Look At Buying Pactiv Evergreen Inc. (NASDAQ:PTVE)?
While Pactiv Evergreen Inc. ( NASDAQ:PTVE ) might not have the largest market cap around , it received a lot of...Analysis Article • Jul 15
Are Investors Undervaluing Pactiv Evergreen Inc. (NASDAQ:PTVE) By 46%?
Key Insights The projected fair value for Pactiv Evergreen is US$21.95 based on 2 Stage Free Cash Flow to Equity Pactiv...Analysis Article • Jun 10
Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Popularity With Investors Is Clear
It's not a stretch to say that Pactiv Evergreen Inc.'s ( NASDAQ:PTVE ) price-to-sales (or "P/S") ratio of 0.4x right...Seeking Alpha • Jun 02
Pactiv Evergreen: Heavy Restructuring Set To Drive Margin Growth
Summary PTVE has been undergoing heavy restructuring and has experienced a decline in net revenue and net income in 2023, but has maintained strong adjusted EBITDA and free cash flow throughout. The firm has announced a new restructuring plan, illustrating its commitment to restructuring efforts that are expected to further enhance efficiencies and generate cost savings. Additionally, it has been actively cutting down on its debt, reducing its net leverage ratio from 7.63x to 4.07x. It has targeted to achieve a low 3s in 2024. Read the full article on Seeking AlphaAnalysis Article • May 06
Pactiv Evergreen Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
It's been a sad week for Pactiv Evergreen Inc. ( NASDAQ:PTVE ), who've watched their investment drop 12% to US$13.57 in...Analysis Article • Apr 24
Is Pactiv Evergreen (NASDAQ:PTVE) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Mar 29
An Intrinsic Calculation For Pactiv Evergreen Inc. (NASDAQ:PTVE) Suggests It's 38% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Pactiv Evergreen fair value estimate is US$23.13 Pactiv...Seeking Alpha • Mar 21
Pactiv Evergreen: Attractive FCF Yield Profile Once Cost Savings Program Ends
Summary I upgrade my rating for Pactiv Evergreen stock from neutral to buy due to early signs of demand recovery and successful cost reduction efforts. PTVE's 4Q23 revenue fell, but EBITDA improved, indicating margin expansion. The stock price dropped due to a weak FY24 EBITDA guide. Risks include potential missteps in the restructuring program. Read the full article on Seeking AlphaAnalysis Article • Feb 22
Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Share Price Not Quite Adding Up
With a median price-to-sales (or "P/S") ratio of close to 0.8x in the Packaging industry in the United States, you...Seeking Alpha • Feb 01
Pactiv Evergreen: Good Margin Growth Should Drive The Stock Price
Summary Pactiv Evergreen's revenue growth should struggle due to weak demand from restaurants and QSRs in the near term. The company has shown significant margin growth and is expected to continue improving through operational improvements and cost control. The stock is undervalued and has potential for upside as the company's margin outlook remains strong and the economy recovers. Read the full article on Seeking AlphaAnalysis Article • Jan 24
Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Potentially Undervalued?
Pactiv Evergreen Inc. ( NASDAQ:PTVE ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • Dec 02
Pactiv Evergreen Inc. (NASDAQ:PTVE) Shares Could Be 28% Below Their Intrinsic Value Estimate
Key Insights Pactiv Evergreen's estimated fair value is US$16.91 based on 2 Stage Free Cash Flow to Equity Current...Analysis Article • Nov 05
Pactiv Evergreen (NASDAQ:PTVE) Is Due To Pay A Dividend Of $0.10
Pactiv Evergreen Inc. ( NASDAQ:PTVE ) will pay a dividend of $0.10 on the 15th of December. This makes the dividend...Analysis Article • Nov 03
Pactiv Evergreen Inc.'s (NASDAQ:PTVE) 29% Share Price Surge Not Quite Adding Up
Pactiv Evergreen Inc. ( NASDAQ:PTVE ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Jul 18
Should You Think About Buying Pactiv Evergreen Inc. (NASDAQ:PTVE) Now?
Pactiv Evergreen Inc. ( NASDAQ:PTVE ), might not be a large cap stock, but it saw a double-digit share price rise of...Analysis Article • Jun 27
An Intrinsic Calculation For Pactiv Evergreen Inc. (NASDAQ:PTVE) Suggests It's 49% Undervalued
Key Insights The projected fair value for Pactiv Evergreen is US$14.92 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Mar 10
Pactiv Evergreen (NASDAQ:PTVE) Is Paying Out A Dividend Of $0.10
The board of Pactiv Evergreen Inc. ( NASDAQ:PTVE ) has announced that it will pay a dividend of $0.10 per share on the...Analysis Article • Feb 22
Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Trading At A 44% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Pactiv Evergreen fair value estimate is US$19.31 Pactiv...Analysis Article • Feb 03
At US$11.62, Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Worth Looking At Closely?
Pactiv Evergreen Inc. ( NASDAQ:PTVE ), might not be a large cap stock, but it saw a double-digit share price rise of...Analysis Article • Nov 25
Pactiv Evergreen (NASDAQ:PTVE) Will Pay A Dividend Of $0.10
Pactiv Evergreen Inc.'s ( NASDAQ:PTVE ) investors are due to receive a payment of $0.10 per share on 15th of December...Financial Position Analysis
Short Term Liabilities: PTVE's short term assets ($1.5B) exceed its short term liabilities ($960.0M).
Long Term Liabilities: PTVE's short term assets ($1.5B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: PTVE's net debt to equity ratio (292.7%) is considered high.
Reducing Debt: PTVE's debt to equity ratio has reduced from 509.8% to 306% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PTVE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PTVE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 9.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/02 06:54 |
| End of Day Share Price | 2025/03/31 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Pactiv Evergreen Inc. is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Wilde | BMO Capital Markets Equity Research |
| Kyle White | Deutsche Bank |
| Adam Samuelson | Goldman Sachs |