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Silgan Holdings

Nasdaq:SLGN
Snowflake Description

Undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SLGN
Nasdaq
$3B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. The last earnings update was 77 days ago. More info.


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SLGN Share Price and Events
7 Day Returns
-0.5%
NasdaqGS:SLGN
0.5%
US Packaging
-0.9%
US Market
1 Year Returns
12.9%
NasdaqGS:SLGN
6.1%
US Packaging
3.8%
US Market
SLGN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Silgan Holdings (SLGN) -0.5% 2.7% 2% 12.9% 20.8% 21.1%
US Packaging 0.5% 1.5% 2.4% 6.1% 23.3% 27.9%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • SLGN outperformed the Packaging industry which returned 6.1% over the past year.
  • SLGN outperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
SLGN
Industry
5yr Volatility vs Market

SLGN Value

 Is Silgan Holdings 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 Silgan Holdings 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 Silgan Holdings.

NasdaqGS:SLGN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:SLGN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.819 (1 + (1- 21%) (85.54%))
1.249
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.249 * 5.96%)
10.17%

Discounted Cash Flow Calculation for NasdaqGS:SLGN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Silgan Holdings 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.

NasdaqGS:SLGN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.17%)
2020 321.76 Analyst x5 292.05
2021 376.00 Analyst x1 309.76
2022 417.19 Est @ 10.95% 311.95
2023 452.59 Est @ 8.49% 307.17
2024 483.19 Est @ 6.76% 297.65
2025 510.01 Est @ 5.55% 285.16
2026 534.00 Est @ 4.7% 271.00
2027 555.96 Est @ 4.11% 256.09
2028 576.52 Est @ 3.7% 241.03
2029 596.16 Est @ 3.41% 226.23
Present value of next 10 years cash flows $2,798.09
NasdaqGS:SLGN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $596.16 × (1 + 2.73%) ÷ (10.17% – 2.73%)
$8,226.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,226.54 ÷ (1 + 10.17%)10
$3,121.78
NasdaqGS:SLGN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,798.09 + $3,121.78
$5,919.87
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,919.87 / 111.14
$53.26
NasdaqGS:SLGN Discount to Share Price
Calculation Result
Value per share (USD) From above. $53.26
Current discount Discount to share price of $30.19
= -1 x ($30.19 - $53.26) / $53.26
43.3%

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

Current Discount
Amount off the current price Silgan Holdings is available for.
Intrinsic value
43%
Share price is $30.19 vs Future cash flow value of $53.26
Current Discount Checks
For Silgan Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Silgan Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Silgan Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Silgan Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Silgan Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SLGN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.03
NasdaqGS:SLGN Share Price ** NasdaqGS (2019-07-23) in USD $30.19
United States of America Packaging Industry PE Ratio Median Figure of 15 Publicly-Listed Packaging Companies 18.05x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

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

** Primary Listing of Silgan Holdings.

NasdaqGS:SLGN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SLGN Share Price ÷ EPS (both in USD)

= 30.19 ÷ 2.03

14.85x

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

  • Silgan Holdings is good value based on earnings compared to the US Packaging industry average.
  • Silgan Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Silgan Holdings's expected growth come at a high price?
Raw Data
NasdaqGS:SLGN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
8%per year
United States of America Packaging Industry PEG Ratio Median Figure of 14 Publicly-Listed Packaging Companies 1.29x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NasdaqGS:SLGN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.85x ÷ 8%

1.85x

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

  • Silgan Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Silgan Holdings's assets?
Raw Data
NasdaqGS:SLGN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.10
NasdaqGS:SLGN Share Price * NasdaqGS (2019-07-23) in USD $30.19
United States of America Packaging Industry PB Ratio Median Figure of 20 Publicly-Listed Packaging Companies 3.8x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NasdaqGS:SLGN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SLGN Share Price ÷ Book Value per Share (both in USD)

= 30.19 ÷ 8.10

3.73x

* Primary Listing of Silgan Holdings.

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

  • Silgan Holdings is good value based on assets compared to the US Packaging industry average.
X
Value checks
We assess Silgan Holdings'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. Silgan Holdings has a total score of 5/6, 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.

SLGN Future Performance

 How is Silgan Holdings expected to perform in the next 1 to 3 years based on estimates from 12 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
8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Silgan Holdings expected to grow at an attractive rate?
  • Silgan Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Silgan Holdings's earnings growth is positive but not above the United States of America market average.
  • Silgan Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SLGN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SLGN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 8%
NasdaqGS:SLGN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 1.2%
United States of America Packaging Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
United States of America Packaging Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqGS:SLGN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SLGN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,622 487 275 5
2020-12-31 4,572 453 258 12
2019-12-31 4,514 496 235 12
NasdaqGS:SLGN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,464 441 225
2018-12-31 4,449 507 224
2018-09-30 4,374 407 332
2018-06-30 4,334 436 320
2018-03-31 4,297 441 292
2017-12-31 4,090 390 270
2017-09-30 3,900 402 147
2017-06-30 3,773 418 145
2017-03-31 3,626 404 150
2016-12-31 3,613 395 153
2016-09-30 3,637 372 156
2016-06-30 3,701 309 157

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Silgan Holdings's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
  • Silgan Holdings's revenue is expected to grow by 1.2% 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
NasdaqGS:SLGN 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 12 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:SLGN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.46 2.46 2.45 2.00
2020-12-31 2.35 2.45 2.25 5.00
2019-12-31 2.11 2.15 1.95 5.00
NasdaqGS:SLGN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.03
2018-12-31 2.03
2018-09-30 3.00
2018-06-30 2.89
2018-03-31 2.65
2017-12-31 2.44
2017-09-30 1.32
2017-06-30 1.26
2017-03-31 1.28
2016-12-31 1.28
2016-09-30 1.29
2016-06-30 1.30

*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.
  • Silgan Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Silgan Holdings'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Silgan Holdings has a total score of 2/6, 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.

SLGN Past Performance

  How has Silgan Holdings 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 Silgan Holdings'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.
  • Silgan Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Silgan Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Silgan Holdings's 1-year earnings growth is negative, it can't be compared to the US Packaging industry average.
Earnings and Revenue History
Silgan Holdings'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 Silgan Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SLGN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,463.73 225.02 277.43
2018-12-31 4,448.88 223.99 271.41
2018-09-30 4,374.09 331.92 291.29
2018-06-30 4,334.02 319.57 291.63
2018-03-31 4,296.73 292.15 264.05
2017-12-31 4,089.85 269.66 244.03
2017-09-30 3,900.04 147.24 231.72
2017-06-30 3,772.76 144.62 217.72
2017-03-31 3,625.58 150.01 205.12
2016-12-31 3,612.91 153.35 191.66
2016-09-30 3,636.64 156.20 219.03
2016-06-30 3,700.52 156.75 221.43
2016-03-31 3,740.11 165.68 220.82
2015-12-31 3,763.97 172.41 219.91
2015-09-30 3,844.52 169.50 216.84
2015-06-30 3,869.44 182.46 218.18
2015-03-31 3,872.55 184.22 220.54
2014-12-31 3,911.79 182.39 224.50
2014-09-30 3,866.45 182.03 225.45
2014-06-30 3,805.93 175.93 217.63
2014-03-31 3,768.62 191.46 213.19
2013-12-31 3,708.52 185.41 206.58
2013-09-30 3,702.49 191.50 199.64
2013-06-30 3,674.12 192.98 194.80
2013-03-31 3,615.70 144.03 189.01
2012-12-31 3,588.32 151.35 181.89
2012-09-30 3,565.43 159.09 192.18

*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.
  • Whilst Silgan Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Silgan Holdings used its assets more efficiently than the US Packaging industry average last year based on Return on Assets.
  • Silgan Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Silgan Holdings'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.
Silgan Holdings has a total score of 2/6, 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.

SLGN Health

 How is Silgan Holdings'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 Silgan Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Silgan Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Silgan Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Silgan Holdings'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 0.6x 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 Silgan Holdings Company Filings, last reported 3 months ago.

NasdaqGS:SLGN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 900.21 2,669.38 141.40
2018-12-31 881.27 2,304.61 72.82
2018-09-30 911.92 2,919.68 171.37
2018-06-30 838.01 2,962.67 181.22
2018-03-31 824.79 2,933.36 174.54
2017-12-31 766.07 2,547.29 53.53
2017-09-30 623.10 3,106.17 199.19
2017-06-30 543.01 3,093.76 142.08
2017-03-31 490.33 2,172.10 350.62
2016-12-31 469.42 1,561.58 24.69
2016-09-30 751.65 1,818.87 93.56
2016-06-30 689.41 1,935.96 120.47
2016-03-31 668.03 1,818.96 66.61
2015-12-31 639.18 1,514.35 99.95
2015-09-30 631.89 1,931.81 104.20
2015-06-30 583.03 1,985.37 126.68
2015-03-31 542.90 1,912.31 129.08
2014-12-31 709.96 1,585.27 222.59
2014-09-30 781.30 1,967.03 145.89
2014-06-30 757.66 2,021.97 133.93
2014-03-31 725.10 1,865.31 83.22
2013-12-31 713.84 1,710.74 160.46
2013-09-30 629.41 1,799.93 134.47
2013-06-30 547.90 1,878.23 113.20
2013-03-31 510.89 1,795.05 158.64
2012-12-31 753.64 1,684.62 465.61
2012-09-30 736.34 2,003.50 422.53
  • Silgan Holdings's level of debt (299%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (257.4% vs 299% today).
  • Debt is not well covered by operating cash flow (16.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Silgan Holdings'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. Silgan Holdings has a total score of 2/6, 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.

SLGN Dividends

 What is Silgan Holdings'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
1.46%
Current annual income from Silgan Holdings dividends. Estimated to be 1.51% next year.
If you bought $2,000 of Silgan Holdings shares you are expected to receive $29 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?
  • Silgan Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Silgan Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).
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
NasdaqGS:SLGN 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 12 Analyst Estimates (S&P Global) See Below
United States of America Packaging Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NasdaqGS:SLGN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.49 5.00
2020-12-31 0.45 7.00
2019-12-31 0.44 6.00
NasdaqGS:SLGN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 0.440 1.465
2019-02-27 0.440 1.494
2018-11-08 0.400 1.555
2018-08-07 0.400 1.498
2018-05-03 0.400 1.470
2018-02-28 0.400 1.430
2017-11-03 0.360 1.246
2017-08-08 0.360 1.223
2017-05-04 0.360 1.146
2017-03-01 0.360 1.206
2016-11-03 0.340 1.262
2016-08-01 0.340 1.380
2016-05-05 0.340 1.334
2016-02-25 0.340 1.300
2015-11-04 0.320 1.226
2015-10-21 0.320 1.257
2015-05-06 0.320 1.194
2015-02-26 0.320 1.123
2014-11-06 0.300 1.135
2014-08-07 0.300 1.226
2014-07-23 0.300 1.201
2014-03-03 0.300 1.209
2013-11-07 0.280 1.195
2013-08-09 0.280 1.190
2013-05-07 0.280 1.168
2013-03-04 0.280 1.180
2012-11-08 0.240 1.115
2012-08-09 0.240 1.134
2012-05-10 0.240 1.123
2012-02-16 0.240 1.097
2011-11-07 0.220 1.121
2011-08-08 0.220 1.188
2011-05-10 0.220 1.071
2011-02-17 0.220 1.114
2010-11-04 0.210 1.180
2010-07-27 0.210 1.340
2010-05-05 0.210 1.459
2010-02-23 0.210 1.385
2009-11-11 0.190 1.387
2009-08-07 0.190 1.459
2009-04-24 0.190 1.593
2009-02-26 0.190 1.526
2008-11-13 0.170 1.464
2008-08-06 0.170 1.398

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Silgan Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).
X
Income/ dividend checks
We assess Silgan Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Silgan Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Silgan Holdings has a total score of 5/6, see the detailed checks below.


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

SLGN Management

 What is the CEO of Silgan Holdings'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
Anthony Allott
COMPENSATION $3,386,123
AGE 55
TENURE AS CEO 13.3 years
CEO Bio

Mr. Anthony J. Allott, also known as Tony has been Chairman of Silgan Holdings Inc since April 1, 2019. He has been Chief Executive Officer of Silgan Holdings Inc. since March 1, 2006 and was its President since August 16, 2004 until March 2019. Mr. Allott served as an Executive Vice President and Chief Financial Officer of Silgan Holdings Inc. from May 2002 to August 2004 and also its Chief Operating Officer from May 3, 2005 to March 2006. Prior to Silgan Holdings Inc., Mr. Allott served as Senior Vice President and Chief Financial Officer of Applied Extrusion Technologies Inc., or AET, since July 1996. From July 1994 to July 1996, Mr. Allott served as Vice President and Treasurer of AET. From 1992 to July 1994, Mr. Allott served as Corporate Controller and Director of Financial Reporting of Ground Round Restaurants. Mr. Allott served as a Certified Public Accountant of Deloitte & Touche LLP. He has been a Director of Silgan Holdings Inc. since June 2006.

CEO Compensation
  • Anthony's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Anthony's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Silgan Holdings management team in years:

11.8
Average Tenure
55
Average Age
  • The average tenure for the Silgan Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Anthony Allott

TITLE
CEO & Chairman of the Board
COMPENSATION
$3M
AGE
55
TENURE
13.3 yrs

Adam Greenlee

TITLE
President & COO
COMPENSATION
$1M
AGE
45
TENURE
0.3 yrs

Bob Lewis

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
55
TENURE
14.9 yrs

Frank Hogan

TITLE
Senior VP
COMPENSATION
$996K
AGE
58
TENURE
22.1 yrs

Thomas Snyder

TITLE
President of Silgan Containers
COMPENSATION
$1M
AGE
52
TENURE
11.8 yrs

B. Prinzen

TITLE
Senior Vice President of Corporate Development
AGE
60
TENURE
5.4 yrs

Kimberly Ulmer

TITLE
VP of Finance & Treasurer
AGE
51
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Silgan Holdings board of directors in years:

5.3
Average Tenure
69.5
Average Age
  • The tenure for the Silgan Holdings board of directors is about average.
Board of Directors

Anthony Allott

TITLE
CEO & Chairman of the Board
COMPENSATION
$3M
AGE
55
TENURE
0.3 yrs

John Alden

TITLE
Independent Director
COMPENSATION
$190K
AGE
77
TENURE
17.7 yrs

R. Silver

TITLE
Director
COMPENSATION
$199K
AGE
76
TENURE
32.5 yrs

D. Horrigan

TITLE
Director
COMPENSATION
$210K
AGE
75
TENURE
32.5 yrs

Leigh Abramson

TITLE
Director
COMPENSATION
$37K
AGE
50
TENURE
0.9 yrs

Joseph Jordan

TITLE
Independent Director
COMPENSATION
$181K
AGE
72
TENURE
5.3 yrs

Bill Donovan

TITLE
Director
COMPENSATION
$176K
AGE
67
TENURE
1.5 yrs

Kim Fields

TITLE
Director
AGE
49
Who owns this company?
Recent Insider Trading
  • Silgan Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. May 19 Sell Anthony Andreacchi Individual 16. May 19 16. May 19 -3,692 $30.23 $-111,594
03. May 19 Sell B. Prinzen Individual 01. May 19 01. May 19 -12,242 $30.06 $-367,952
03. May 19 Sell Robert Lewis Individual 01. May 19 03. May 19 -75,000 $30.04 $-2,250,961
03. May 19 Sell Adam Greenlee Individual 01. May 19 03. May 19 -110,000 $30.02 $-3,289,478
22. Feb 19 Sell William Jennings Individual 22. Feb 19 22. Feb 19 -6,362 $28.81 $-183,291
19. Feb 19 Sell Anthony Allott Individual 14. Feb 19 19. Feb 19 -63,490 $28.62 $-1,808,921
28. Nov 18 Sell Robert Lewis Individual 26. Nov 18 26. Nov 18 -40 $25.50 $-1,020
28. Nov 18 Sell Robert Lewis Individual 27. Nov 18 28. Nov 18 -18,660 $25.23 $-469,833
16. Nov 18 Sell Robert Lewis Individual 14. Nov 18 14. Nov 18 -6,300 $25.13 $-158,325
09. Nov 18 Sell Robert Lewis Individual 08. Nov 18 08. Nov 18 -25,000 $24.83 $-620,750
01. Nov 18 Sell Robert Lewis Individual 30. Oct 18 01. Nov 18 -15,000 $24.60 $-361,550
30. Oct 18 Buy William Donovan Individual 29. Oct 18 29. Oct 18 5,000 $23.75 $118,750
31. Aug 18 Sell John Alden Individual 30. Aug 18 30. Aug 18 -6,000 $27.24 $-163,441
20. Aug 18 Buy Leigh Abramson Individual 20. Aug 18 20. Aug 18 7,500 $27.36 $205,206
17. Aug 18 Sell Anthony Andreacchi Individual 15. Aug 18 15. Aug 18 -1,843 $27.15 $-50,039
03. Aug 18 Sell Robert Lewis Individual 01. Aug 18 01. Aug 18 -18,000 $27.42 $-493,639
X
Management checks
We assess Silgan Holdings'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. Silgan Holdings 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.

SLGN News

Simply Wall St News

4 Days Left Before Silgan Holdings Inc. (NASDAQ:SLGN) Will Be Trading Ex-Dividend

Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … See our latest analysis for Silgan Holdings How I analyze a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … NasdaqGS:SLGN Historical Dividend Yield, May 26th 2019 Does Silgan Holdings pass our checks?

Simply Wall St -

Does Silgan Holdings Inc.'s (NASDAQ:SLGN) CEO Pay Matter?

Check out our latest analysis for Silgan Holdings How Does Anthony Allott's Compensation Compare With Similar Sized Companies? … We think total compensation is more important but we note that the CEO salary is lower, at US$1.0m. … Important note: Silgan Holdings may not be the best stock to buy.

Simply Wall St -

Should You Be Concerned About Silgan Holdings Inc.'s (NASDAQ:SLGN) Historical Volatility?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

How Many Silgan Holdings Inc. (NASDAQ:SLGN) Shares Have Insiders Sold, In The Last Year?

But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Silgan Holdings Insider Transactions Over The Last Year. … All up, insiders sold more shares in Silgan Holdings than they bought, over the last year

Simply Wall St -

Read This Before You Buy Silgan Holdings Inc. (NASDAQ:SLGN) Because Of Its P/E Ratio

We'll look at Silgan Holdings Inc.'s (NASDAQ:SLGN) P/E ratio and reflect on what it tells us about the company's share price. … Silgan Holdings has a P/E ratio of 14.93, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Here’s What Silgan Holdings Inc.’s (NASDAQ:SLGN) Return On Capital Can Tell Us

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Are Silgan Holdings Inc.’s (NASDAQ:SLGN) Returns Worth Your While?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Now An Opportune Moment To Examine Silgan Holdings Inc. (NASDAQ:SLGN)?

As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, could the stock still be trading at a relatively cheap price. … Today I will analyse the most recent data on Silgan Holdings’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

What Should We Expect From Silgan Holdings Inc.'s (NASDAQ:SLGN) Earnings Over The Next Year?

(NASDAQ:SLGN) released its earnings announcement on 31 December 2018, … as a 5.4% rise in profits is expected in the upcoming year, … the higher past 5-year average growth rate of 9.6%.

Simply Wall St -

Can You Imagine How Silgan Holdings's Shareholders Feel About The 20% Share Price Increase?

Furthermore, you'd generally like to see the share price rise faster than the market. … (NASDAQ:SLGN) has fallen short of that second goal, with a share price rise of 20% over five years, which is below the market return. … During five years of share price growth, Silgan Holdings achieved compound earnings per share (EPS) growth of 7.0% per year.

Simply Wall St -

SLGN Company Info

Description

Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals. The Closures segment offers a range of metal and plastic closures, and dispensing systems for use in food, beverage, health care, garden, personal care, home, and beauty products, as well as capping/sealing equipment and detection systems. The Plastic Containers segment manufactures and sells custom designed and stock plastic containers for use in personal care and health care, household and industrial chemical, and pharmaceutical products. This segment also offers plastic thermoformed barrier and non-barrier bowls, and trays for food products, such as soups, other ready-to-eat meals, and pet food products, as well as thermoformed plastic tubs for food, household, and personal care products, including soft fabric wipes. The company markets its products primarily through direct sales force, as well as through a network of distributors and an online shopping catalog. Silgan Holdings Inc. was founded in 1987 and is headquartered in Stamford, Connecticut.

Details
Name: Silgan Holdings Inc.
SLGN
Exchange: NasdaqGS
Founded: 1987
$3,343,166,791
111,142,513
Website: http://www.silganholdings.com
Address: Silgan Holdings Inc.
4 Landmark Square,
Suite 400,
Stamford,
Connecticut, 06901,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SLGN Common Stock Nasdaq Global Select US USD 14. Feb 1997
DB SL3 Common Stock Deutsche Boerse AG DE EUR 14. Feb 1997
Number of employees
Current staff
Staff numbers
13,220
Silgan Holdings employees.
Industry
Metal and Glass Containers
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:26
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
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.