Richards Packaging Income Fund Valuation

Q: What is the Fair Price of RPKI.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

RPKI.F ($21.24) is trading below our estimate of [[fair value]] ($36.42)

Is RPKI.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RPKI.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RPKI.F ($21.24) is trading below our estimate of fair value ($36.42)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RPKI.F?

Key metric: As RPKI.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RPKI.F. This is calculated by dividing RPKI.F's market cap by their current earnings.
What is RPKI.F's PE Ratio?
PE Ratio	8.5x
Earnings	CA$37.40m
Market Cap	CA$317.15m

RPKI.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	6.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does RPKI.F's PE Ratio compare to its peers?

The above table shows the PE ratio for RPKI.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	26.5x
VKSC Viskase Companies	25.4x	n/a	US$134.1m
MYE Myers Industries	26.9x	72.9%	US$414.7m
TRS TriMas	41.2x	89.1%	US$1.1b
GEF Greif	12.6x	6.4%	US$3.5b
RPKI.F Richards Packaging Income Fund	8.5x	n/a	US$317.1m

Price-To-Earnings vs Peers: RPKI.F is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (26.5x).

Price to Earnings Ratio vs Industry

How does RPKI.F's PE Ratio compare vs other companies in the North American Packaging Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: RPKI.F is good value based on its Price-To-Earnings Ratio (8.5x) compared to the North American Packaging industry average (19.7x).

Price to Earnings Ratio vs Fair Ratio

What is RPKI.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RPKI.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RPKI.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Trinseo

US$125.7m

Operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally.

TSE

US$3.55

2.6%

-45.6%

Ecora Resources

UK£162.5m

Operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally.

ECRA.F

UK£0.82

-4.5%

-28.7%

Allied Gold

CA$1.1b

Explores for and produces mineral deposits in Africa.

AAUC.F

CA$2.47

16.0%

-18.0%