Greif
Greif, Inc. produces and sells industrial packaging products and services worldwide. The last earnings update was 46 days ago. More info.
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GEF Share Price and Events
7 Day Returns
1 Year Returns
GEF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Greif (GEF) | -1.1% | -3.5% | -1.8% | -31.9% | 9.6% | -26.3% |
| US Packaging | 0.8% | 4% | 12.6% | -1.5% | 27.1% | 30.7% |
| US Market | 0.4% | 2.6% | 11% | 6.8% | 38.1% | 45.7% |
1 Year Return vs Industry and Market
- GEF underperformed the Packaging industry which returned -1.5% over the past year.
- GEF underperformed the Market in United States of America which returned 6.8% over the past year.
Value
Is Greif 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
Greif
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 Greif.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 7 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.9% |
| 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 | 0.91 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.906 (1 + (1- 21%) (55.26%)) |
1.202 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.202 * 5.96%) |
9.89% |
Discounted Cash Flow Calculation for NYSE:GEF using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Greif 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 (@ 9.89%) |
|
|---|---|---|---|
| 2019 | 224.05 | Analyst x4 | 203.88 |
| 2020 | 246.55 | Analyst x4 | 204.16 |
| 2021 | 265.04 | Est @ 7.5% | 199.72 |
| 2022 | 281.12 | Est @ 6.07% | 192.77 |
| 2023 | 295.36 | Est @ 5.07% | 184.30 |
| 2024 | 308.26 | Est @ 4.37% | 175.03 |
| 2025 | 320.20 | Est @ 3.87% | 165.45 |
| 2026 | 331.51 | Est @ 3.53% | 155.87 |
| 2027 | 342.42 | Est @ 3.29% | 146.51 |
| 2028 | 353.11 | Est @ 3.12% | 137.49 |
| Present value of next 10 years cash flows | $1,765.18 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $353.11 × (1 + 2.73%) ÷ (9.89% – 2.73%) |
$5,065.07 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $5,065.07 ÷ (1 + 9.89%)10 |
$1,972.10 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1,765.18 + $1,972.10 |
$3,737.28 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3,737.28 / 48.24 |
$77.47 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $77.47 |
| Current discount | Discount to share price of
$39.13
= -1 x ($39.13 - $77.47) / $77.47 |
49.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Greif's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Greif'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 Greif's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Greif'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 (2019-01-31) in USD | $3.81 |
| NYSE:GEF Share Price ** | NYSE (2019-04-16) in USD | $39.13 |
| United States of America Packaging Industry PE Ratio | Median Figure of 15 Publicly-Listed Packaging Companies | 18.38x |
| United States of America Market PE Ratio | Median Figure of 3,072 Publicly-Listed Companies | 18.08x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Greif.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:GEF Share Price ÷ EPS (both in USD) = 39.13 ÷ 3.81 |
10.28x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greif is good value based on earnings compared to the US Packaging industry average.
- Greif is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Greif's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.28x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts |
18.6%per year |
| United States of America Packaging Industry PEG Ratio | Median Figure of 15 Publicly-Listed Packaging Companies | 2.04x |
| United States of America Market PEG Ratio | Median Figure of 2,107 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.28x ÷ 18.6% |
0.55x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greif is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Greif's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-01-31) in USD | $23.20 |
| NYSE:GEF Share Price * | NYSE (2019-04-16) in USD | $39.13 |
| United States of America Packaging Industry PB Ratio | Median Figure of 19 Publicly-Listed Packaging Companies | 3.9x |
| United States of America Market PB Ratio | Median Figure of 5,176 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:GEF Share Price ÷ Book Value per Share (both in USD) = 39.13 ÷ 23.20 |
1.69x |
* Primary Listing of Greif.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greif is good value based on assets compared to the US Packaging industry average.
Value checks
We assess Greif'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) Greif has a total score of 6/6, 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 Greif expected to perform in the next 1 to 3 years based on estimates from 7 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!
Earnings growth vs Low Risk Savings
- Greif's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Greif's earnings growth is expected to exceed the United States of America market average.
- Greif's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:GEF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts | 18.6% |
| NYSE:GEF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts | 12.1% |
| United States of America Packaging Industry Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| 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 | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*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 7 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-10-31 | 5,263 | 452 | 252 | 7 |
| 2019-10-31 | 4,858 | 376 | 211 | 7 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-01-31 | 3,865 | 297 | 183 |
| 2018-10-31 | 3,874 | 253 | 209 |
| 2018-07-31 | 3,854 | 256 | 203 |
| 2018-04-30 | 3,804 | 294 | 179 |
| 2018-01-31 | 3,723 | 295 | 170 |
| 2017-10-31 | 3,638 | 305 | 119 |
| 2017-07-31 | 3,538 | 248 | 94 |
| 2017-04-30 | 3,421 | 259 | 96 |
| 2017-01-31 | 3,373 | 283 | 91 |
| 2016-10-31 | 3,324 | 301 | 75 |
| 2016-07-31 | 3,325 | 291 | 79 |
| 2016-04-30 | 3,410 | 291 | 41 |
*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 7 Analyst Estimates (S&P Global) | See Below |
All data from Greif 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 |
|---|---|---|---|---|
| 2020-10-31 | 4.37 | 4.88 | 3.95 | 4.00 |
| 2019-10-31 | 3.61 | 3.88 | 3.36 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-01-31 | 3.81 |
| 2018-10-31 | 4.37 |
| 2018-07-31 | 4.23 |
| 2018-04-30 | 3.74 |
| 2018-01-31 | 3.55 |
| 2017-10-31 | 2.48 |
| 2017-07-31 | 1.96 |
| 2017-04-30 | 2.01 |
| 2017-01-31 | 1.91 |
| 2016-10-31 | 1.57 |
| 2016-07-31 | 1.65 |
| 2016-04-30 | 0.86 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Greif'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)
Greif 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 Greif 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
- Greif's year on year earnings growth rate has been positive over the past 5 years.
- Greif's 1-year earnings growth is less than its 5-year average (7.6% vs 14.5%)
- Greif's earnings growth has not exceeded the US Packaging industry average in the past year (7.6% vs 7.6%).
Earnings and Revenue History
All data from Greif 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 |
|---|---|---|---|---|
| 2019-01-31 | 3,865.10 | 182.60 | 397.00 | |
| 2018-10-31 | 3,873.80 | 209.40 | 403.80 | |
| 2018-07-31 | 3,854.20 | 202.60 | 405.70 | |
| 2018-04-30 | 3,803.90 | 178.80 | 396.80 | |
| 2018-01-31 | 3,723.00 | 169.70 | 389.40 | |
| 2017-10-31 | 3,638.20 | 118.60 | 380.60 | |
| 2017-07-31 | 3,537.70 | 93.80 | 382.60 | |
| 2017-04-30 | 3,420.90 | 96.00 | 382.80 | |
| 2017-01-31 | 3,373.10 | 91.40 | 380.20 | |
| 2016-10-31 | 3,323.60 | 74.90 | 376.80 | |
| 2016-07-31 | 3,324.50 | 78.80 | 376.30 | |
| 2016-04-30 | 3,409.50 | 41.30 | 380.60 | |
| 2016-01-31 | 3,485.80 | 30.70 | 394.60 | |
| 2015-10-31 | 3,616.70 | 71.90 | 413.20 | |
| 2015-07-31 | 3,796.30 | 68.20 | 429.20 | |
| 2015-04-30 | 3,990.30 | 73.30 | 461.40 | |
| 2015-01-31 | 4,139.90 | 90.90 | 485.60 | |
| 2014-10-31 | 4,239.10 | 91.50 | 496.70 | |
| 2014-07-31 | 4,183.70 | 117.00 | 498.70 | |
| 2014-04-30 | 4,189.40 | 150.00 | 486.00 | |
| 2014-01-31 | 4,212.80 | 151.80 | 475.20 | |
| 2013-10-31 | 4,219.90 | 144.70 | 476.50 | |
| 2013-07-31 | 4,302.80 | 136.30 | 476.30 | |
| 2013-04-30 | 4,276.00 | 127.10 | 475.10 | |
| 2013-01-31 | 4,285.30 | 124.30 | 471.90 | |
| 2012-10-31 | 4,129.50 | 118.10 | 461.60 | |
| 2012-07-31 | 4,325.60 | 115.70 | 458.40 | |
| 2012-04-30 | 4,344.70 | 144.30 | 450.10 |
*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.
- Greif has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Greif used its assets more efficiently than the US Packaging industry average last year based on Return on Assets.
- Greif has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Greif'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)
Greif 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 Greif'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 Greif's finances.
The net worth of a company is the difference between its assets and liabilities.
- Greif is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Greif'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 covered by short term assets, assets are 1x 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 Greif Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-01-31 | 1,195.40 | 1,137.40 | 84.50 |
| 2018-10-31 | 1,189.70 | 962.10 | 94.20 |
| 2018-07-31 | 1,192.00 | 1,092.30 | 100.90 |
| 2018-04-30 | 1,163.10 | 1,098.20 | 108.20 |
| 2018-01-31 | 1,160.00 | 1,086.10 | 94.30 |
| 2017-10-31 | 1,079.00 | 1,019.80 | 142.30 |
| 2017-07-31 | 1,072.50 | 1,111.60 | 94.60 |
| 2017-04-30 | 1,019.80 | 1,127.40 | 87.00 |
| 2017-01-31 | 997.70 | 1,157.00 | 106.80 |
| 2016-10-31 | 989.70 | 1,078.50 | 103.70 |
| 2016-07-31 | 1,026.50 | 1,167.40 | 94.30 |
| 2016-04-30 | 1,035.90 | 1,206.80 | 89.60 |
| 2016-01-31 | 990.30 | 1,221.70 | 65.30 |
| 2015-10-31 | 1,059.90 | 1,230.90 | 106.20 |
| 2015-07-31 | 1,092.50 | 1,273.00 | 101.70 |
| 2015-04-30 | 1,103.70 | 1,259.40 | 67.40 |
| 2015-01-31 | 1,148.30 | 1,249.80 | 55.80 |
| 2014-10-31 | 1,223.20 | 1,196.60 | 85.10 |
| 2014-07-31 | 1,384.10 | 1,367.90 | 65.00 |
| 2014-04-30 | 1,409.80 | 1,430.10 | 87.40 |
| 2014-01-31 | 1,374.60 | 1,496.60 | 82.00 |
| 2013-10-31 | 1,379.90 | 1,325.50 | 78.10 |
| 2013-07-31 | 1,335.10 | 1,466.80 | 94.90 |
| 2013-04-30 | 1,337.60 | 1,491.10 | 85.60 |
| 2013-01-31 | 1,338.20 | 1,568.90 | 91.60 |
| 2012-10-31 | 1,310.80 | 1,321.10 | 91.50 |
| 2012-07-31 | 1,349.70 | 1,453.80 | 91.70 |
| 2012-04-30 | 1,411.90 | 1,545.80 | 104.90 |
- Greif's level of debt (95.1%) 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 (108.8% vs 95.1% today).
- Debt is well covered by operating cash flow (26.1%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
Financial health checks
We assess Greif'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) Greif has a total score of 4/6, 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 Greif'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
Greif
shares you are expected to receive
$90
in your first year as a dividend.
Dividend Amount
- Greif's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
- Greif's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
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 7 Analyst Estimates (S&P Global) | See Below |
| United States of America Packaging Industry Average Dividend Yield | Market Cap Weighted Average of 13 Stocks | 2.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 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 | 3.6% |
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 |
|---|---|---|
| 2020-10-31 | 1.76 | 3.00 |
| 2019-10-31 | 1.76 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-26 | 1.760 | 4.311 |
| 2018-12-04 | 1.760 | 4.451 |
| 2018-08-28 | 1.760 | 3.429 |
| 2018-06-05 | 1.680 | 3.101 |
| 2018-02-27 | 1.680 | 2.996 |
| 2017-12-05 | 1.680 | 2.826 |
| 2017-08-29 | 1.680 | 3.000 |
| 2017-06-06 | 1.680 | 2.986 |
| 2017-02-28 | 1.680 | 2.986 |
| 2016-12-06 | 1.680 | 3.052 |
| 2016-08-30 | 1.680 | 3.434 |
| 2016-06-07 | 1.680 | 4.244 |
| 2016-03-01 | 1.680 | 5.112 |
| 2015-12-08 | 1.680 | 6.066 |
| 2015-09-01 | 1.680 | 5.025 |
| 2015-06-02 | 1.680 | 4.986 |
| 2015-03-03 | 1.680 | 4.206 |
| 2014-12-09 | 1.680 | 3.901 |
| 2014-08-26 | 1.680 | 3.734 |
| 2014-06-03 | 1.680 | 3.201 |
| 2014-02-24 | 1.680 | 3.191 |
| 2013-12-09 | 1.680 | 3.253 |
| 2013-09-03 | 1.680 | 3.223 |
| 2013-06-04 | 1.680 | 3.093 |
| 2013-02-25 | 1.680 | 3.314 |
| 2012-12-05 | 1.680 | 3.610 |
| 2012-09-07 | 1.680 | 3.906 |
| 2012-09-04 | 1.680 | 3.726 |
| 2012-06-06 | 1.680 | 4.001 |
| 2012-03-01 | 1.680 | 3.312 |
| 2011-12-06 | 1.680 | 3.518 |
| 2011-08-30 | 1.680 | 3.628 |
| 2011-06-07 | 1.680 | 2.789 |
| 2011-02-28 | 1.680 | 2.635 |
| 2010-12-07 | 1.680 | 2.659 |
| 2010-08-31 | 1.680 | 2.836 |
| 2010-06-01 | 1.680 | 2.933 |
| 2010-02-22 | 1.520 | 2.777 |
| 2009-12-08 | 1.520 | 2.911 |
| 2009-09-01 | 1.520 | 2.770 |
| 2009-06-02 | 1.520 | 3.180 |
| 2009-04-17 | 1.520 | 3.344 |
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
Greif's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.2x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Greif'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 Greif afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Greif 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.
Management
CEO
| COMPENSATION | $10,187,093 |
| AGE | 61 |
| TENURE AS CEO | 3.4 years |
CEO Bio
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, Greif Brothers Corp) from January 1, 2014 to November 1, 2015. He served as Vice President and Division President of Paper Packaging & Services at Greif, Inc. from January 2010 to September 2012. He served as Vice President, Service Solutions and General Manager of Sheet Plant Operations, Containerboard & Corrugated Products at Greif Brothers Corp., since 1999. During 1996 to 1999, he served as Vice President and General Manager at Concept Packaging Group. For more than five years, he served as General Manager for Union Camp Corporation. Mr. Watson has been a Director of Greif, Inc. since December 8, 2015.
CEO Compensation
- Pete's compensation has increased by more than 20% in the past year.
- Pete'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 Greif management team in years:
- The tenure for the Greif management team is about average.
Management Team
Pete Watson
President
$10M
61
3.4 yrs
Larry Hilsheimer
Executive VP & CFO
$5M
60
4.9 yrs
Gary Martz
Executive VP
$4M
60
17.3 yrs
Michael Cronin
Senior VP & Group President of Rigid Industrial Packaging & Services - EMEA & APAC and GPA
$3M
60
3.9 yrs
Ole Rosgaard
Senior VP and Group President of RIPS Americas & Global Sustainability
$2M
54
1.8 yrs
David Lloyd
Chief Accounting Officer
48
5 yrs
Doug Lingrel
VP & Chief Administrative Officer
54
2.8 yrs
Matt Eichmann
Vice President of Investor Relations & Corporate Communications
3.4 yrs
Bala Sathyanarayanan
Senior VP & Chief Human Resources Officer
47
0.4 yrs
Hari Kumar
VP and Division President of Flexible Products & Services
55
2.9 yrs
Board of Directors Tenure
Average tenure and age of the Greif board of directors in years:
- The average tenure for the Greif board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Mike Gasser
Chairman
$366K
67
25.3 yrs
Pete Watson
President
$10M
61
3.3 yrs
Daniel Gunsett
Independent Director
$247K
69
23.3 yrs
Judith Hook
Independent Director
$239K
65
15.8 yrs
Vicki Avril
Independent Director
$224K
64
14.7 yrs
Bruce Edwards
Independent Director
$238K
63
13.2 yrs
Mark Emkes
Independent Director
$224K
65
11.2 yrs
John Finn
Independent Director
$228K
71
11.4 yrs
John McNamara
Independent Director
$223K
53
9.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. Jan 19 | Buy | Hari Kumar | Individual | 09. Jan 19 | 09. Jan 19 | 4,501 | $38.87 | $174,954 | ||
| 02. Jan 19 | Buy | Ole Rosgaard | Individual | 31. Dec 18 | 31. Dec 18 | 3,000 | $36.11 | $108,330 | ||
| 28. Dec 18 | Buy | Peter Watson | Individual | 27. Dec 18 | 27. Dec 18 | 10,000 | $33.26 | $332,600 | ||
Management checks
We assess Greif'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) Greif 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
What Investors Should Know About Greif, Inc.'s (NYSE:GEF) Financial Strength
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.
Simply Wall St - – Full articleAt US$42.20, Is Greif, Inc. (NYSE:GEF) Worth Looking At Closely?
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 Greif’s outlook and valuation to see if the opportunity still exists
Simply Wall St - – Full articleGreif, Inc. (NYSE:GEF) Is Employing Capital Very Effectively
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding 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 - – Full articleIs Greif, Inc. (NYSE:GEF) A Financially Sound Company?
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Greif, Inc. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … Don’t forget that this is a general and concentrated examination of Greif’s financial health, so you should conduct further analysis.
Simply Wall St - – Full articleDid You Miss Greif's 52% Share Price Gain?
(NYSE:GEF) shareholders might be concerned after seeing the share price drop 18% in the last quarter. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Greif was able to grow its EPS at 43% per year over three years, sending the share price higher.
Simply Wall St - – Full articleWhat To Know Before Buying Greif, Inc. (NYSE:GEF) For Its Dividend
(NYSE:GEF) has pleased shareholders over the past 10 years, by paying out dividends. … The company currently pays out a dividend yield of 4.4% to shareholders, making it a relatively attractive dividend stock. … Does Greif tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleShould Investors Buy Greif, Inc. (NYSE:GEF) And Lock In The 4.5% Dividend Yield?
(NYSE:GEF) is a true Dividend Rock Star. … Below, I have outlined more attractive dividend aspects for Greif for income investors who may be interested in new dividend stocks for their portfolio. … consistent, reliable and competitive dividend over a long period of time, and is expected to continue to pay in the same manner many years to come
Simply Wall St - – Full articleDoes Greif, Inc. (NYSE:GEF) Have A Good P/E Ratio?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Greif, Inc.'s (NYSE:GEF) P/E ratio and reflect on what it tells us about the company's share price. … Greif has a price to earnings ratio of 8.87, based on the last twelve months.
Simply Wall St - – Full articleGreif, Inc. (NYSE:GEF) Has A ROE Of 19%
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Greif has a return on equity of 19% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDoes The Greif, Inc. (NYSE:GEF) Share Price Tend To Follow The Market?
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleCompany Info
Description
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 & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services. This segment sells its products to customers in the chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agricultural, pharmaceutical and mineral products, and others industries. The Paper Packaging & Services segment provides containerboards, corrugated sheets, corrugated containers, and other corrugated products to customers in the packaging, automotive, food, and building products industries. This segment’s corrugated container products are used to ship various products, such as home appliances, small machinery, grocery products, automotive components, books, and furniture, as well as various other applications. The Flexible Products & Services segment offers flexible intermediate bulk containers comprising polypropylene-based woven fabric, as well as related services to the agricultural, food, and other industries. The Land Management segment engages in harvesting and regeneration of timber properties; and sale of timberland and special use land. As of October 31, 2018, this segment owned approximately 243,000 acres of timber property in the southeastern United States. The company was formerly known as Greif Bros. Corporation and changed its name to Greif, Inc. in 2001. Greif, Inc. was founded in 1877 and is headquartered in Delaware, Ohio.
Details
| Name: | Greif, Inc. |
| GEF | |
| Exchange: | NYSE |
| Founded: | 1877 |
| $2,058,211,572 | |
| 48,240,524 | |
| Website: | http://www.greif.com |
| Address: |
Greif, Inc. 425 Winter Road, Delaware, Ohio, 43015, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | GEF | Class A Common Stock | New York Stock Exchange | US | USD | 14. Dec 1972 | |
| DB | GR3 | Class A Common Stock | Deutsche Boerse AG | DE | EUR | 14. Dec 1972 | |
| NYSE | GEF.B | Class B Common Stock | New York Stock Exchange | US | USD | 04. Mar 1996 |
Number of employees
Current staff
Industry
| Metal and Glass Containers | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/16 23:50 |
| End of day share price update: | 2019/04/16 00:00 |
| Last estimates confirmation: | 2019/04/09 |
| Last earnings filing: | 2019/03/01 |
| Last earnings reported: | 2019/01/31 |
| Last annual earnings reported: | 2018/10/31 |
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.
