Stock Analysis Report

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Executive Summary

Greif, Inc. produces and sells industrial packaging products and services worldwide. More Details

Snowflake Analysis

Undervalued established dividend payer.

Similar Companies

Share Price & News

How has Greif's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: GEF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GEF's weekly volatility (6%) has been stable over the past year.

Market Performance

7 Day Return




US Packaging


US Market

1 Year Return




US Packaging


US Market

Return vs Industry: GEF underperformed the US Packaging industry which returned 19.1% over the past year.

Return vs Market: GEF underperformed the US Market which returned 21% over the past year.

Shareholder returns

7 Day-0.8%-1.0%-0.9%
30 Day6.2%2.0%3.0%
90 Day17.2%9.8%11.5%
1 Year15.7%9.9%20.8%18.1%22.3%19.6%
3 Year-5.6%-17.0%24.8%15.6%45.3%35.7%
5 Year128.5%86.8%109.6%85.0%124.8%99.9%

Long-Term Price Volatility Vs. Market

How volatile is Greif's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Greif undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GEF ($50.47) is trading below our estimate of fair value ($117.28)

Significantly Below Fair Value: GEF is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: GEF is good value based on its PE Ratio (22.4x) compared to the US Packaging industry average (24.2x).

PE vs Market: GEF is poor value based on its PE Ratio (22.4x) compared to the US market (21.3x).

Price to Earnings Growth Ratio

PEG Ratio: GEF is good value based on its PEG Ratio (0.6x)

Price to Book Ratio

PB vs Industry: GEF is good value based on its PB Ratio (2.1x) compared to the US Packaging industry average (3.3x).

Next Steps

Future Growth

How is Greif forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GEF's forecast earnings growth (35.9% per year) is above the savings rate (2%).

Earnings vs Market: GEF's earnings (35.9% per year) are forecast to grow faster than the US market (21.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GEF's revenue (3.1% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: GEF's revenue (3.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if GEF's Return on Equity is forecast to be high in 3 years time

Next Steps

Past Performance

How has Greif performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GEF has a large one-off loss of $96.9M impacting its October 31 2020 financial results.

Growing Profit Margin: GEF's current net profit margins (2.4%) are lower than last year (3.7%).

Past Earnings Growth Analysis

Earnings Trend: GEF's earnings have grown by 18.3% per year over the past 5 years.

Accelerating Growth: GEF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GEF had negative earnings growth (-36.4%) over the past year, making it difficult to compare to the Packaging industry average (-8.9%).

Return on Equity

High ROE: GEF's Return on Equity (10.2%) is considered low.

Next Steps

Financial Health

How is Greif's financial position?

Financial Position Analysis

Short Term Liabilities: GEF's short term assets ($1.3B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: GEF's short term assets ($1.3B) do not cover its long term liabilities ($3.3B).

Debt to Equity History and Analysis

Debt Level: GEF's debt to equity ratio (208%) is considered high.

Reducing Debt: GEF's debt to equity ratio has increased from 116.3% to 208% over the past 5 years.

Debt Coverage: GEF's debt is not well covered by operating cash flow (17.9%).

Interest Coverage: GEF's interest payments on its debt are well covered by EBIT (3.4x coverage).

Balance Sheet

Next Steps


What is Greif current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GEF's dividend (3.49%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: GEF's dividend (3.49%) is low compared to the top 25% of dividend payers in the US market (3.84%).

Stability and Growth of Payments

Stable Dividend: GEF's dividends per share have been stable in the past 10 years.

Growing Dividend: GEF's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.3%), GEF's payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: GEF's dividends in 3 years are forecast to be well covered by earnings (42.3% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Pete Watson (63 yo)





Mr. Peter G. Watson, also known as Pete, has been the Chief Executive Officer and President of Greif, Inc. since November 1, 2015. Mr. Watson served as the Chief Operating Officer at Greif, Inc. (Formerly,...

CEO Compensation Analysis

Compensation vs Market: Pete's total compensation ($USD5.52M) is about average for companies of similar size in the US market ($USD4.98M).

Compensation vs Earnings: Pete's compensation has been consistent with company performance over the past year.

Leadership Team

Peter Watson
$ 10.0m
Lawrence Hilsheimer
Executive VP & CFO6.67yrsUS$2.73m0.33%
$ 8.1m
Gary Martz
Executive VP19yrsUS$2.34m0.17%
$ 4.3m
Michael Cronin
Senior Vice President of Enterprise Strategy5.67yrsUS$1.48m0.062%
$ 1.5m
Ole Rosgaard
Senior VP & Group President of Global Industrial Packaging3.58yrsUS$1.26m0.067%
$ 1.6m
David Lloyd
Chief Accounting Officer6.75yrsno data0.030%
$ 747.6k
Douglas Lingrel
VP & Chief Administrative Officer4.58yrsno data0.048%
$ 1.2m
Matt Eichmann
Vice President of Investor Relations5.17yrsno datano data
Bala Sathyanarayanan
Senior VP & Chief Human Resources Officer2.17yrsno datano data
Timothy Bergwall
Senior VP and Group President of Paper Packaging & Services & Soterra LLC1.92yrsno data0.054%
$ 1.3m
Hari Kumar
VP and Division President of Flexible Products & Services & Global Industrial Packaging - APAC4.67yrsno data0.034%
$ 843.9k
Elco Drost
President of Greif Bros. Canada Incno datano datano data


Average Tenure


Average Age

Experienced Management: GEF's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Peter Watson
$ 10.0m
Bruce Edwards
Independent Director14.92yrsUS$237.00k0.096%
$ 2.4m
Michael Gasser
Independent Chairman27yrsUS$364.00k0.42%
$ 10.4m
John Finn
Independent Director13.17yrsUS$227.00k0.068%
$ 1.7m
Vicki Avril-Groves
Independent Director16.42yrsUS$232.00k0.077%
$ 1.9m
Daniel Gunsett
Independent Director25yrsUS$248.00k0.074%
$ 1.8m
Judith Hook
Independent Director17.58yrsUS$237.00k5.21%
$ 128.8m
Mark Emkes
Independent Director12.92yrsUS$225.00k0.072%
$ 1.8m
Robert Patterson
Independent Director0.83yrUS$43.50k0.032%
$ 795.5k
John McNamara
Independent Director11.42yrsUS$222.00k8.37%
$ 206.7m


Average Tenure


Average Age

Experienced Board: GEF's board of directors are seasoned and experienced ( 14 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: GEF insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Greif, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Greif, Inc.
  • Ticker: GEF
  • Exchange: NYSE
  • Founded: 1877
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Market Cap: US$2.470b
  • Shares outstanding: 48.45m
  • Website: https://www.greif.com

Number of Employees


  • Greif, Inc.
  • 425 Winter Road
  • Delaware
  • Ohio
  • 43015
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GEFNYSE (New York Stock Exchange)YesClass A Common StockUSUSDDec 1972
GR3DB (Deutsche Boerse AG)YesClass A Common StockDEEURDec 1972
GEF.BNYSE (New York Stock Exchange)Class B Common StockUSUSDMar 1996
GB6BDB (Deutsche Boerse AG)Class B Common StockDEEURMar 1996


Greif, Inc. produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 00:39
End of Day Share Price2021/01/15 00:00
Annual Earnings2020/10/31

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.