Crown Holdings
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Crown Holdings.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Crown Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Packaging industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Packaging industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Crown Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Crown Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Crown Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Packaging industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Crown Holdings Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess Crown Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Crown Holdings has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Crown Holdings
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Crown Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Crown Holdings management team is about average.
Management Team
Tim Donahue
President
$10M
55
3.2 yrs
Tom Kelly
Senior VP & CFO
$3M
59
6.2 yrs
Gerard Gifford
Executive VP & COO
$4M
63
1.9 yrs
Djalma Novaes
President of Americas Division
$3M
57
4.2 yrs
Didier Sourisseau
President of European Division
$3M
52
1.9 yrs
Daniel Abramowicz
Executive Vice President of Corporate Technology & Regulatory Affairs
21.2 yrs
Thomas Fischer
Vice President of Investor Relations & Corporate Affairs
Bill Gallagher
Senior VP & General Counsel
Carlos Baila
Senior Vice President of Global Procurement
51
1.2 yrs
Kevin Clothier
VP & Treasurer
50
Board of Directors Tenure
Average tenure and age of the Crown Holdings board of directors in years:
- 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
Non-Executive Chairman
$315K
73
18.2 yrs
Tim Donahue
President
$10M
55
3.7 yrs
Hans Löliger
Independent Director
$262K
75
18.2 yrs
William Little
Presiding Director
$287K
75
Caesar Sweitzer
Independent Director
$260K
67
5.2 yrs
Arnold Donald
Independent Director
$242K
63
20.2 yrs
William Urkiel
Independent Director
$252K
73
14.3 yrs
Jim Turner
Independent Director
$249K
72
13.4 yrs
Jim Miller
Independent Director
$242K
69
8.3 yrs
Josef Müller
Independent Director
$252K
70
8.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Crown Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleWill 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 - – Full articleIs 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 - – Full articleHave 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 - – Full articleShould 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 - – Full articleIs 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 - – Full articleHere'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 - – Full articleA 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 - – Full articleUnderstanding 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 - – Full articleShould 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 - – Full articleCompany 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
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.
