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Pactiv Evergreen Management
Management criteria checks 2/4
Pactiv Evergreen's CEO is Mike King, appointed in Mar 2021, has a tenure of 4.08 years. total yearly compensation is $11.90M, comprised of 10.8% salary and 89.2% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth $17.53M. The average tenure of the management team and the board of directors is 2.9 years and 4.6 years respectively.
Key information
Mike King
Chief executive officer
US$11.9m
Total compensation
| CEO salary percentage | 10.83% |
| CEO tenure | 4.1yrs |
| CEO ownership | 0.5% |
| Management average tenure | 2.9yrs |
| Board average tenure | 4.6yrs |
Recent management updates
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...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | US$12m | US$1m | -US$139m |
| Sep 30 2024 | n/a | n/a | -US$167m |
| Jun 30 2024 | n/a | n/a | US$73m |
| Mar 31 2024 | n/a | n/a | -US$86m |
| Dec 31 2023 | US$11m | US$1m | -US$228m |
| Sep 30 2023 | n/a | n/a | -US$223m |
| Jun 30 2023 | n/a | n/a | -US$75m |
| Mar 31 2023 | n/a | n/a | US$137m |
| Dec 31 2022 | US$11m | US$1m | US$315m |
| Sep 30 2022 | n/a | n/a | US$323m |
| Jun 30 2022 | n/a | n/a | US$150m |
| Mar 31 2022 | n/a | n/a | US$86m |
| Dec 31 2021 | US$7m | US$950k | US$31m |
Compensation vs Market: Mike's total compensation ($USD11.90M) is above average for companies of similar size in the US market ($USD7.11M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike King (44 yo)
4.1yrs
Tenure
US$11,897,790
Compensation
Mr. Michael Jack King, also known as Mike, serves as Director at Pactiv Evergreen Inc. since September 2020 and also serves as its Chief Executive Officer and President since March 5, 2021. He had been Pre...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.1yrs | US$11.90m | 0.54% $ 17.5m | |
| Chief Financial officer | 2.9yrs | US$3.95m | 0.13% $ 4.3m | |
| Chief Legal Officer & Corporate Secretary | 3.8yrs | US$2.35m | 0.089% $ 2.9m | |
| President of Foodservice | 4.6yrs | US$3.33m | 0.16% $ 5.3m | |
| President of Food & Beverage Merchandising | 4.6yrs | US$2.31m | 0.087% $ 2.8m | |
| Chief Operations Officer | 3.6yrs | US$2.15m | 0.086% $ 2.8m | |
| Chief Accounting Officer | 1.4yrs | no data | no data | |
| Chief Information Officer | 2.8yrs | no data | no data | |
| Vice President of Strategy & Investor Relations | 2.3yrs | no data | no data | |
| Chief Counsel of Litigation & Compliance | 1.1yrs | no data | no data | |
| Senior Director of Communications & Creative Services | no data | no data | no data | |
| Vice President of Sales & Food Merchandising | 2.8yrs | no data | no data |
2.9yrs
Average Tenure
48.5yo
Average Age
Experienced Management: PTVE's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.6yrs | US$11.90m | 0.54% $ 17.5m | |
| Independent Director | 4.6yrs | US$272.98k | 0.034% $ 1.1m | |
| Independent Director | 4.6yrs | US$262.12k | 0.045% $ 1.5m | |
| Director | 5.3yrs | no data | 0.023% $ 750.2k | |
| Independent Chairman of the Board | 2.8yrs | US$407.36k | 0.046% $ 1.5m | |
| Independent Director | 1.2yrs | US$261.52k | 0.000010% $ 325.3 | |
| Director | 2.8yrs | no data | 0.094% $ 3.0m |
4.6yrs
Average Tenure
57yo
Average Age
Experienced Board: PTVE's board of directors are considered experienced (4.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/02 11:17 |
| 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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 |