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Crown Holdings

NYSE:CCK
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CCK
NYSE
$7B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Crown Holdings, Inc. designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. The last earnings update was 22 days ago. More info.


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  • Crown Holdings has significant price volatility in the past 3 months.
CCK Share Price and Events
7 Day Returns
-0.6%
NYSE:CCK
-1.1%
US Packaging
0.4%
US Market
1 Year Returns
11.9%
NYSE:CCK
-3.3%
US Packaging
3.5%
US Market
CCK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Crown Holdings (CCK) -0.6% -0.4% 31.8% 11.9% 11.1% 23.2%
US Packaging -1.1% 1% 18.2% -3.3% 27.5% 29.3%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • CCK outperformed the Packaging industry which returned -3.3% over the past year.
  • CCK outperformed the Market in United States of America which returned 3.5% over the past year.
Price Volatility
CCK
Industry
5yr Volatility vs Market

Value

 Is Crown 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 Crown 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 Crown Holdings.

NYSE:CCK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.6%
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 NYSE:CCK
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 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.893 (1 + (1- 21%) (118.83%))
1.49
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.49
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.49 * 5.96%)
11.61%

Discounted Cash Flow Calculation for NYSE:CCK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Crown 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.

NYSE:CCK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.61%)
2019 744.58 Analyst x8 667.13
2020 774.83 Analyst x6 622.03
2021 802.74 Est @ 3.6% 577.40
2022 829.55 Est @ 3.34% 534.62
2023 855.74 Est @ 3.16% 494.13
2024 881.65 Est @ 3.03% 456.15
2025 907.57 Est @ 2.94% 420.71
2026 933.67 Est @ 2.88% 387.80
2027 960.12 Est @ 2.83% 357.30
2028 987.02 Est @ 2.8% 329.11
Present value of next 10 years cash flows $4,846.38
NYSE:CCK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $987.02 × (1 + 2.73%) ÷ (11.61% – 2.73%)
$11,419.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11,419.93 ÷ (1 + 11.61%)10
$3,807.80
NYSE:CCK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,846.38 + $3,807.80
$8,654.18
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,654.18 / 135.33
$63.95
NYSE:CCK Discount to Share Price
Calculation Result
Value per share (USD) From above. $63.95
Current discount Discount to share price of $54.05
= -1 x ($54.05 - $63.95) / $63.95
15.5%

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

Current Discount
Amount off the current price Crown Holdings is available for.
Intrinsic value
15%
Share price is $54.05 vs Future cash flow value of $63.95
Current Discount Checks
For Crown Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Crown Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Crown Holdings's share price is below the future cash flow value, but not 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 Crown Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Crown Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CCK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.28
NYSE:CCK Share Price ** NYSE (2019-03-22) in USD $54.05
United States of America Packaging Industry PE Ratio Median Figure of 15 Publicly-Listed Packaging Companies 17.46x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

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

** Primary Listing of Crown Holdings.

NYSE:CCK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CCK Share Price ÷ EPS (both in USD)

= 54.05 ÷ 3.28

16.45x

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

  • Crown Holdings is good value based on earnings compared to the US Packaging industry average.
  • Crown Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Crown Holdings's expected growth come at a high price?
Raw Data
NYSE:CCK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
17.7%per year
United States of America Packaging Industry PEG Ratio Median Figure of 14 Publicly-Listed Packaging Companies 1.69x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:CCK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.45x ÷ 17.7%

0.93x

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

  • Crown Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Crown Holdings's assets?
Raw Data
NYSE:CCK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $7.04
NYSE:CCK Share Price * NYSE (2019-03-22) in USD $54.05
United States of America Packaging Industry PB Ratio Median Figure of 19 Publicly-Listed Packaging Companies 3.61x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
NYSE:CCK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CCK Share Price ÷ Book Value per Share (both in USD)

= 54.05 ÷ 7.04

7.67x

* Primary Listing of Crown Holdings.

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

  • Crown Holdings is overvalued based on assets compared to the US Packaging industry average.
X
Value checks
We assess Crown 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. Crown Holdings has a total score of 3/6, 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.

Future Performance

 How is Crown Holdings expected to perform in the next 1 to 3 years based on estimates from 13 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
17.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Crown Holdings expected to grow at an attractive rate?
  • Crown Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Crown Holdings's earnings growth is expected to exceed the United States of America market average.
  • Crown Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CCK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CCK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 17.7%
NYSE:CCK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 3.4%
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 2.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
NYSE:CCK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CCK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 13,201 2
2022-12-31 12,879 2
2021-12-31 12,545 807 6
2020-12-31 12,141 1,307 674 13
2019-12-31 11,878 1,146 643 12
NYSE:CCK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 11,151 571 439
2018-09-30 10,585 798 297
2018-06-30 9,879 743 310
2018-03-31 8,994 586 306
2017-12-31 8,698 -251 323
2017-09-30 8,453 284 477
2017-06-30 8,311 392 483
2017-03-31 8,292 761 524
2016-12-31 8,284 -134 496
2016-09-30 8,388 1,017 497
2016-06-30 8,522 1,034 455
2016-03-31 8,658 835 428

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Crown Holdings's earnings are expected to grow by 17.7% yearly, however this is not considered high growth (20% yearly).
  • Crown Holdings's revenue is expected to grow by 3.4% 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
NYSE:CCK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Crown Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CCK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 6.02 6.02 6.02 1.00
2020-12-31 5.03 5.67 4.59 5.00
2019-12-31 4.78 5.31 4.25 4.00
NYSE:CCK Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 3.28
2018-09-30 2.22
2018-06-30 2.32
2018-03-31 2.28
2017-12-31 2.39
2017-09-30 3.49
2017-06-30 3.50
2017-03-31 3.78
2016-12-31 3.58
2016-09-30 3.59
2016-06-30 3.29
2016-03-31 3.10

*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.
  • Crown Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Crown 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.
Crown Holdings 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.

Past Performance

  How has Crown 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 Crown 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.
  • Crown Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Crown Holdings's 1-year earnings growth exceeds its 5-year average (35.9% vs 1.9%)
  • Crown Holdings's earnings growth has exceeded the US Packaging industry average in the past year (35.9% vs 7.6%).
Earnings and Revenue History
Crown 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 Crown Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CCK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11,151.00 439.00 533.00
2018-09-30 10,585.00 297.00 499.00
2018-06-30 9,879.00 310.00 429.00
2018-03-31 8,994.00 306.00 366.00
2017-12-31 8,698.00 323.00 314.00
2017-09-30 8,453.00 477.00 320.00
2017-06-30 8,311.00 483.00 340.00
2017-03-31 8,292.00 524.00 355.00
2016-12-31 8,284.00 496.00 342.00
2016-09-30 8,388.00 497.00 374.00
2016-06-30 8,522.00 455.00 378.00
2016-03-31 8,658.00 428.00 383.00
2015-12-31 8,762.00 393.00 390.00
2015-09-30 8,862.00 340.00 387.00
2015-06-30 8,996.00 443.00 388.00
2015-03-31 9,101.00 407.00 392.00
2014-12-31 9,097.00 390.00 398.00
2014-09-30 9,041.00 423.00 372.00 36.00
2014-06-30 8,836.00 280.00 390.00 36.00
2014-03-31 8,676.00 307.00 389.00 36.00
2013-12-31 8,656.00 324.00 425.00
2013-09-30 8,622.00 306.00 413.00
2013-06-30 8,535.00 530.00 392.00
2013-03-31 8,496.00 531.00 380.00
2012-12-31 8,470.00 559.00 339.00 43.00
2012-09-30 8,491.00 536.00 385.00
2012-06-30 8,612.00 340.00 389.00
2012-03-31 8,709.00 335.00 399.00

*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.
  • Whilst Crown Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Crown Holdings used its assets less efficiently than the US Packaging industry average last year based on Return on Assets.
  • Crown Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Crown 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.
Crown Holdings has a total score of 3/6, 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.

Health

 How is Crown 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 Crown Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Crown Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Crown Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Crown 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 0.5x 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 Crown Holdings Company Filings, last reported 2 months ago.

NYSE:CCK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,286.00 8,692.00 607.00
2018-09-30 1,310.00 9,070.00 298.00
2018-06-30 1,137.00 9,351.00 298.00
2018-03-31 1,112.00 7,871.00 2,201.00
2017-12-31 923.00 5,343.00 424.00
2017-09-30 1,112.00 5,232.00 374.00
2017-06-30 935.00 5,359.00 301.00
2017-03-31 859.00 5,300.00 338.00
2016-12-31 668.00 4,911.00 559.00
2016-09-30 779.00 5,267.00 526.00
2016-06-30 623.00 5,284.00 370.00
2016-03-31 553.00 5,599.00 257.00
2015-12-31 385.00 5,518.00 717.00
2015-09-30 433.00 5,811.00 466.00
2015-06-30 404.00 5,885.00 288.00
2015-03-31 248.00 5,990.00 280.00
2014-12-31 387.00 5,194.00 965.00
2014-09-30 548.00 5,447.00 380.00
2014-06-30 412.00 5,492.00 244.00
2014-03-31 258.00 4,104.00 267.00
2013-12-31 289.00 3,842.00 689.00
2013-09-30 175.00 4,253.00 236.00
2013-06-30 125.00 4,126.00 227.00
2013-03-31 164.00 4,104.00 304.00
2012-12-31 129.00 3,665.00 350.00
2012-09-30 227.00 3,997.00 240.00
2012-06-30 11.00 3,791.00 230.00
2012-03-31 -82.00 3,915.00 250.00
  • Crown Holdings's level of debt (675.9%) 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 (1332% vs 675.9% today).
  • Debt is not well covered by operating cash flow (6.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Crown 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. Crown Holdings 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.

Dividends

 What is Crown 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
0%
Current annual income from Crown Holdings dividends. Estimated to be 0% next year.
If you bought $2,000 of Crown Holdings shares you are expected to receive $0 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?
  • Unable to evaluate Crown Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Crown Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NYSE:CCK 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 13 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 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:CCK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 4.00
2020-12-31 0.00 5.00
2019-12-31 0.00 5.00

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

  • Unable to perform a dividend volatility check as Crown Holdings has not reported any payouts.
  • Unable to verify if Crown Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Crown Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Crown Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Crown Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Crown 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 Crown Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Crown Holdings has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Crown 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
Tim Donahue
COMPENSATION $9,816,741
AGE 55
TENURE AS CEO 3.2 years
CEO Bio

Mr. Timothy J. Donahue, also known as Tim, has been the President of Crown Holdings Inc. since March 4, 2013 and serves as its Chief Executive Officer since January 1, 2016. Mr. Donahue served as Chief Financial Officer and Executive Vice President of Crown Holdings Inc. from December 2008 to March 2013 and its Chief Operating Officer from March 2013 to January 1, 2016. He served as Senior Vice President of Finance of Crown Holdings Inc. (formerly Crown Cork & Seal Company Inc.) from 2000 to December 2008. He served as Controller of Crown Holdings Inc. since 1991. He joined Crown in 1990 as Manager of Domestic Accounting. Mr. Donahue was with the public accounting firm Price Waterhouse, now PricewaterhouseCoopers. He has been a Director of Crown Holdings Inc. since July 23, 2015.

CEO Compensation
  • Tim's compensation has been consistent with company performance over the past year.
  • Tim's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

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

3.2
Average Tenure
55
Average Age
  • The tenure for the Crown Holdings management team is about average.
Management Team

Tim Donahue

TITLE
President
COMPENSATION
$10M
AGE
55
TENURE
3.2 yrs

Tom Kelly

TITLE
Senior VP & CFO
COMPENSATION
$3M
AGE
59
TENURE
6.2 yrs

Gerard Gifford

TITLE
Executive VP & COO
COMPENSATION
$4M
AGE
63
TENURE
1.9 yrs

Djalma Novaes

TITLE
President of Americas Division
COMPENSATION
$3M
AGE
57
TENURE
4.2 yrs

Didier Sourisseau

TITLE
President of European Division
COMPENSATION
$3M
AGE
52
TENURE
1.9 yrs

Daniel Abramowicz

TITLE
Executive Vice President of Corporate Technology & Regulatory Affairs
TENURE
21.2 yrs

Thomas Fischer

TITLE
Vice President of Investor Relations & Corporate Affairs

Bill Gallagher

TITLE
Senior VP & General Counsel

Carlos Baila

TITLE
Senior Vice President of Global Procurement
AGE
51
TENURE
1.2 yrs

Kevin Clothier

TITLE
VP & Treasurer
AGE
50
Board of Directors Tenure

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

13.4
Average Tenure
71
Average Age
  • The average tenure for the Crown Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Conway

TITLE
Non-Executive Chairman
COMPENSATION
$315K
AGE
73
TENURE
18.2 yrs

Tim Donahue

TITLE
President
COMPENSATION
$10M
AGE
55
TENURE
3.7 yrs

Hans Löliger

TITLE
Independent Director
COMPENSATION
$262K
AGE
75
TENURE
18.2 yrs

William Little

TITLE
Presiding Director
COMPENSATION
$287K
AGE
75

Caesar Sweitzer

TITLE
Independent Director
COMPENSATION
$260K
AGE
67
TENURE
5.2 yrs

Arnold Donald

TITLE
Independent Director
COMPENSATION
$242K
AGE
63
TENURE
20.2 yrs

William Urkiel

TITLE
Independent Director
COMPENSATION
$252K
AGE
73
TENURE
14.3 yrs

Jim Turner

TITLE
Independent Director
COMPENSATION
$249K
AGE
72
TENURE
13.4 yrs

Jim Miller

TITLE
Independent Director
COMPENSATION
$242K
AGE
69
TENURE
8.3 yrs

Josef Müller

TITLE
Independent Director
COMPENSATION
$252K
AGE
70
TENURE
8.1 yrs
Who owns this company?
Recent Insider Trading
  • Crown Holdings insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Feb 19 Sell John Conway Individual 12. Feb 19 12. Feb 19 -129,000 $53.51 $-6,902,777
20. Nov 18 Sell David Beaver Individual 19. Nov 18 19. Nov 18 -500 $49.52 $-24,759
26. Oct 18 Buy Andrea Funk Individual 25. Oct 18 25. Oct 18 592 $42.17 $24,962
20. Aug 18 Buy William Urkiel Individual 17. Aug 18 17. Aug 18 2,500 $40.25 $100,630
03. Aug 18 Buy William Urkiel Individual 02. Aug 18 02. Aug 18 1,500 $44.30 $66,455
31. May 18 Buy Timothy Donahue Individual 31. May 18 31. May 18 10,000 $43.25 $432,500
X
Management checks
We assess Crown 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. Crown 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.

News

Simply Wall St News

Crown Holdings, Inc. (NYSE:CCK): Is It A Smart Long Term Opportunity?

it seems that analyst forecasts are fairly optimistic, … as a 46% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of 1.9%.

Simply Wall St -

Will Crown Holdings, Inc.'s (NYSE:CCK) Earnings Grow Over The Next Few Years?

The most recent earnings update Crown Holdings, Inc.'s (NYSE:CCK) released in December 2018a

Simply Wall St -

Is Crown Holdings, Inc.'s (NYSE:CCK) CEO Salary Justified?

Tim Donahue has been the CEO of Crown Holdings, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Tim Donahue's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Buying Crown Holdings, Inc. (NYSE:CCK) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Crown Holdings, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Crown Holdings Insider Transactions Over The Last Year.

Simply Wall St -

Should You Be Impressed By Crown Holdings, Inc.'s (NYSE:CCK) ROE?

Our data shows Crown Holdings has a return on equity of 30% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.30 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is It Too Late To Consider Buying Crown Holdings Inc (NYSE:CCK)?

saw a decent share price growth in the teens level on the NYSE over the last few months. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price.

Simply Wall St -

Here's What Crown Holdings Inc's (NYSE:CCK) P/E Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Crown Holdings Inc's (NYSE:CCK) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

A Look At The Fair Value Of Crown Holdings Inc (NYSE:CCK)

by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Understanding Your Return On Investment In Crown Holdings Inc (NYSE:CCK)

and want to better understand how you can grow your money by investing in Crown Holdings Inc (NYSE:CCK). … Your return is tied to CCK’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … Therefore, looking at how efficiently Crown Holdings is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Should You Be Concerned About Crown Holdings Inc's (NYSE:CCK) Earnings Growth?

Measuring Crown Holdings Inc's (NYSE:CCK) track record of past performance is a useful exercise for investors. … Today I will assess CCK's recent performance announced on 30 June 2018 and weigh these figures against its long-term trend and industry movements. … CCK's trailing twelve-month earnings (from 30 June 2018) of US$310.00m has

Simply Wall St -

Company Info

Description

Crown Holdings, Inc. designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries. In addition, it offers aerosol cans and ends; and promotional and specialty packaging containers with various lid and closure variations. Further, the company provides industrial film and other related products; transit protection products, such as airbags, edge protectors, and honeycombs; and equipment and tools, such as manual, semi-automatic, and automatic equipment and tools used in end of line manufacturing applications to apply consumables. Crown Holdings, Inc. was founded in 1927 and is headquartered in Yardley, Pennsylvania.

Details
Name: Crown Holdings, Inc.
CCK
Exchange: NYSE
Founded: 1927
$7,314,498,884
135,328,379
Website: http://www.crowncork.com
Address: Crown Holdings, Inc.
770 Township Line Road,
Yardley,
Pennsylvania, 19067,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CCK Common Shares New York Stock Exchange US USD 02. Jan 1968
DB CWN Common Shares Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0I4X Common Shares London Stock Exchange GB USD 02. Jan 1968
Number of employees
Current staff
Staff numbers
33,000
Crown Holdings employees.
Industry
Metal and Glass Containers
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:35
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/02/26
Last earnings filing: 2019/02/28
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.