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Smurfit Kappa Group

OTCPK:SMFK.Y
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SMFK.Y
OTCPK
€6B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The last earnings update was 40 days ago. More info.


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SMFK.Y Share Price and Events
7 Day Returns
-2.6%
OTCPK:SMFK.Y
-0.9%
US Packaging
-1.1%
US Market
1 Year Returns
-31.8%
OTCPK:SMFK.Y
0%
US Packaging
6.4%
US Market
SMFK.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Smurfit Kappa Group (SMFK.Y) -2.6% -2.9% 8.9% -31.8% 13.5% 2.2%
US Packaging -0.9% -0.4% 19.8% 0% 25.4% 26.7%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • SMFK.Y underperformed the Packaging industry which returned 0% over the past year.
  • SMFK.Y underperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
SMFK.Y
Industry
5yr Volatility vs Market

Value

 Is Smurfit Kappa Group 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 Smurfit Kappa Group 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 Smurfit Kappa Group.

OTCPK:SMFK.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.5%
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 OTCPK:SMFK.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.1%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 12.5%) (58.7%))
1.231
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.231 * 7.14%)
11.52%

Discounted Cash Flow Calculation for OTCPK:SMFK.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Smurfit Kappa Group 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.

OTCPK:SMFK.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.52%)
2019 460.69 Analyst x6 413.10
2020 458.66 Analyst x5 368.79
2021 522.95 Analyst x4 377.04
2022 526.12 Est @ 0.61% 340.14
2023 532.65 Est @ 1.24% 308.79
2024 541.65 Est @ 1.69% 281.56
2025 552.49 Est @ 2% 257.53
2026 564.76 Est @ 2.22% 236.05
2027 578.16 Est @ 2.37% 216.69
2028 592.49 Est @ 2.48% 199.12
Present value of next 10 years cash flows €2,998.80
OTCPK:SMFK.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €592.49 × (1 + 2.73%) ÷ (11.52% – 2.73%)
€6,923.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €6,923.68 ÷ (1 + 11.52%)10
€2,326.84
OTCPK:SMFK.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,998.80 + €2,326.84
€5,325.63
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,325.63 / 236.23
€22.54
OTCPK:SMFK.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SMFK.Y represents 1.1203x of ISE:SK3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.1203x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 22.54 x 1.1203
$25.26
Value per share (USD) From above. $25.26
Current discount Discount to share price of $28.59
= -1 x ($28.59 - $25.26) / $25.26
-13.2%

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

  • The current share price of Smurfit Kappa Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Smurfit Kappa Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Smurfit Kappa Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SMFK.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-2.74
ISE:SK3 Share Price ** ISE (2019-03-22) in EUR €25.52
United States of America Packaging Industry PE Ratio Median Figure of 15 Publicly-Listed Packaging Companies 17.23x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

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

** Primary Listing of Smurfit Kappa Group.

OTCPK:SMFK.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:SK3 Share Price ÷ EPS (both in EUR)

= 25.52 ÷ -2.74

-9.32x

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

  • Smurfit Kappa Group is loss making, we can't compare its value to the US Packaging industry average.
  • Smurfit Kappa Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Smurfit Kappa Group's expected growth come at a high price?
Raw Data
OTCPK:SMFK.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
73.1%per year
United States of America Packaging Industry PEG Ratio Median Figure of 15 Publicly-Listed Packaging Companies 1.63x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Smurfit Kappa Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Smurfit Kappa Group's assets?
Raw Data
OTCPK:SMFK.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €11.69
ISE:SK3 Share Price * ISE (2019-03-22) in EUR €25.52
United States of America Packaging Industry PB Ratio Median Figure of 19 Publicly-Listed Packaging Companies 3.64x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
OTCPK:SMFK.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:SK3 Share Price ÷ Book Value per Share (both in EUR)

= 25.52 ÷ 11.69

2.18x

* Primary Listing of Smurfit Kappa Group.

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

  • Smurfit Kappa Group is good value based on assets compared to the US Packaging industry average.
X
Value checks
We assess Smurfit Kappa Group'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. Smurfit Kappa Group has a total score of 1/6, 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 Smurfit Kappa Group expected to perform in the next 1 to 3 years based on estimates from 10 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
73.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Smurfit Kappa Group expected to grow at an attractive rate?
  • Smurfit Kappa Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Smurfit Kappa Group's earnings growth is expected to exceed the United States of America market average.
  • Smurfit Kappa Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SMFK.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SMFK.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 73.1%
OTCPK:SMFK.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2.8%
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 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:SMFK.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SMFK.Y Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,677 1,211 668 5
2020-12-31 9,603 1,157 659 10
2019-12-31 9,352 1,120 680 9
OTCPK:SMFK.Y Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 8,946 1,033 -646
2018-09-30 8,895 941 -58
2018-06-30 8,757 836 536
2018-03-31 8,647 790 490
2017-12-31 8,562 743 417
2017-09-30 8,414 725 398
2017-06-30 8,343 752 407
2017-03-31 8,287 765 428
2016-12-31 8,159 734 444
2016-09-30 8,188 786 468
2016-06-30 8,162 788 443
2016-03-31 8,148 790 419

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Smurfit Kappa Group's earnings are expected to grow significantly at over 20% yearly.
  • Smurfit Kappa Group's revenue is expected to grow by 2.8% 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
OTCPK:SMFK.Y 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 10 Analyst Estimates (S&P Global) See Below

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

OTCPK:SMFK.Y Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.84 3.02 2.58 3.00
2020-12-31 2.80 3.40 2.39 7.00
2019-12-31 2.91 3.40 2.73 7.00
OTCPK:SMFK.Y Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -2.74
2018-09-30 -0.25
2018-06-30 2.27
2018-03-31 2.08
2017-12-31 1.77
2017-09-30 1.69
2017-06-30 1.73
2017-03-31 1.82
2016-12-31 1.89
2016-09-30 2.00
2016-06-30 1.90
2016-03-31 1.80

*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.
  • Smurfit Kappa Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Smurfit Kappa Group'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.
Smurfit Kappa Group 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 Smurfit Kappa Group 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 Smurfit Kappa Group'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.
  • Smurfit Kappa Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Smurfit Kappa Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Smurfit Kappa Group's 1-year growth to the US Packaging industry average as it is not currently profitable.
Earnings and Revenue History
Smurfit Kappa Group'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 Smurfit Kappa Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SMFK.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 8,946.00 -646.00 1,868.00
2018-09-30 8,895.00 -58.00 1,852.00
2018-06-30 8,757.00 536.00 1,820.00
2018-03-31 8,647.00 490.00 1,788.00
2017-12-31 8,562.00 417.00 1,769.00
2017-09-30 8,414.00 398.00 1,728.00
2017-06-30 8,343.00 407.00 1,695.00
2017-03-31 8,287.00 428.00 1,691.00
2016-12-31 8,159.00 444.00 1,661.00
2016-09-30 8,188.00 468.00 1,662.00
2016-06-30 8,162.00 443.00 1,662.00
2016-03-31 8,148.00 419.00 1,674.00
2015-12-31 8,109.00 400.00 1,677.00
2015-09-30 8,128.00 303.00 1,707.00
2015-06-30 8,132.00 268.00 1,723.00
2015-03-31 8,113.00 247.00 1,706.00
2014-12-31 8,083.00 241.00 1,697.00
2014-09-30 8,008.00 275.00 1,667.00
2014-06-30 7,996.00 257.00 1,659.00
2014-03-31 8,000.00 220.00 1,675.00
2013-12-31 7,957.00 188.00 1,658.00
2013-09-30 7,749.00 186.00 1,637.00
2013-06-30 7,563.00 203.00 1,606.00
2013-03-31 7,401.00 215.00 1,554.00
2012-12-31 7,335.00 240.00 1,546.00
2012-09-30 7,329.00 269.00 1,524.00
2012-06-30 7,367.00 247.00 1,509.00
2012-03-31 7,377.00 230.00 1,492.00

*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.
  • It is difficult to establish if Smurfit Kappa Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Smurfit Kappa Group has efficiently used its assets last year compared to the US Packaging industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Smurfit Kappa Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Smurfit Kappa Group'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.
Smurfit Kappa Group has a total score of 0/6, 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 Smurfit Kappa Group'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 Smurfit Kappa Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Smurfit Kappa Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Smurfit Kappa Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Smurfit Kappa Group'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 0.8x 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 Smurfit Kappa Group Company Filings, last reported 2 months ago.

OTCPK:SMFK.Y Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,890.00 3,539.00 407.00
2018-09-30 2,890.00 3,539.00 407.00
2018-06-30 2,628.00 3,937.00 1,051.00
2018-03-31 2,628.00 3,937.00 1,051.00
2017-12-31 2,659.00 3,354.00 530.00
2017-09-30 2,575.00 3,460.00 589.00
2017-06-30 2,488.00 3,463.00 451.00
2017-03-31 2,670.00 3,517.00 567.00
2016-12-31 2,503.00 3,400.00 436.00
2016-09-30 2,356.00 3,440.00 479.00
2016-06-30 2,252.00 3,420.00 289.00
2016-03-31 2,310.00 3,390.00 353.00
2015-12-31 2,328.00 3,339.00 270.00
2015-09-30 2,181.00 3,224.00 263.00
2015-06-30 2,210.00 3,266.00 158.00
2015-03-31 2,128.00 3,220.00 282.00
2014-12-31 2,419.00 3,176.00 387.00
2014-09-30 2,517.00 3,144.00 555.00
2014-06-30 2,403.00 3,591.00 897.00
2014-03-31 2,338.00 3,080.00 425.00
2013-12-31 2,507.00 3,083.00 447.00
2013-09-30 2,435.00 3,324.00 684.00
2013-06-30 2,381.00 3,288.00 462.00
2013-03-31 2,454.00 3,381.00 502.00
2012-12-31 2,469.00 3,282.00 447.00
2012-09-30 2,375.00 3,870.00 1,219.00
2012-06-30 2,317.00 3,298.00 502.00
2012-03-31 2,254.00 3,595.00 811.00
  • Smurfit Kappa Group's level of debt (122.5%) 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 (123.1% vs 122.5% today).
  • Debt is well covered by operating cash flow (29.2%, greater than 20% of total debt).
  • Smurfit Kappa Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Smurfit Kappa Group'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. Smurfit Kappa Group 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 Smurfit Kappa Group'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
3.82%
Current annual income from Smurfit Kappa Group dividends. Estimated to be 4.18% next year.
If you bought $2,000 of Smurfit Kappa Group shares you are expected to receive $76 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?
  • Smurfit Kappa Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Smurfit Kappa Group's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
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
OTCPK:SMFK.Y 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 10 Analyst Estimates (S&P Global) See Below
United States of America Packaging Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
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.

OTCPK:SMFK.Y Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.16 5.00
2020-12-31 1.06 9.00
2019-12-31 1.02 8.00
OTCPK:SMFK.Y Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.976 3.764
2018-08-01 0.899 3.200
2018-02-07 0.876 2.600
2017-08-02 0.807 3.054
2017-02-08 0.796 3.127
2016-03-23 0.680 3.100
2016-02-10 0.680 3.090
2015-02-11 0.554 2.185
2014-02-12 0.410 2.334
2013-02-06 0.280 1.948
2012-11-07 0.150 1.616
2012-10-15 0.150 1.787
2012-08-01 0.150 2.106
2012-04-03 0.150 2.618
2012-02-09 0.150 2.085
2010-02-10 0.000 0.000
2009-11-11 0.000 0.000
2009-08-12 0.000 0.000
2009-05-08 0.000 0.000
2009-03-26 0.000 0.000

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

  • Whilst dividend payments have been stable, Smurfit Kappa Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Smurfit Kappa Group only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Smurfit Kappa Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Smurfit Kappa Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Smurfit Kappa Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Smurfit Kappa Group has a total score of 3/6, 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 Smurfit Kappa Group'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
Tony Smurfit
COMPENSATION €1,692,000
AGE 55
TENURE AS CEO 3.5 years
CEO Bio

Mr. Anthony Paul J. Smurfit, also known as Tony, has been Group Chief Executive Officer of Smurfit Kappa Group plc since September 1, 2015. Mr. Smurfit served as the Chief Operating Officer of Smurfit Kappa Funding plc from 2002 to 2015. He served as Group Chief Operating Officer at Cartón de Colombia S.A. since November 2002 and served as its Director. Mr. Smurfit served as the Chief Operations Officer of Smurfit Kappa Group plc from November 1, 2002 to August 2015 and served as its President and as its the Chief Executive of Smurfit Europe since October 1999. Mr. Smurfit has worked in various parts of JSG in Europe and the United States. Prior to taking up his position as Chief Executive of Smurfit Europe and Chief Operations Officer, he served as Deputy Chief Executive of Smurfit Europe and previously Chief Executive Officer of Smurfit France. He serves as a Director of MDCP Acquisitions Limited, JSG Acquisitions, JSL and JSG Packaging. He has been a Director of Smurfit Kappa Group plc since 1989. Mr. Smurfit serves as a Director of Munksjo AB, Irish National Stud Company, Smurfit Kappa Group Limited and Jsg Funding Plc. He served as a Director of C And C and C&C Group plc from April 17, 2012 to March 23, 2016. He served as a Director of Munksjö Oyj. He served as a Member of Advisory Board at Hibernia Capital Partners.

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

Average tenure and age of the Smurfit Kappa Group management team in years:

6.2
Average Tenure
55
Average Age
  • The average tenure for the Smurfit Kappa Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tony Smurfit

TITLE
Group Chief Executive Officer & Director
COMPENSATION
€2M
AGE
55
TENURE
3.5 yrs

Ken Bowles

TITLE
CFO & Director
COMPENSATION
€920K
AGE
47
TENURE
2.9 yrs

Brian Marshall

TITLE
Group General Counsel
AGE
61
TENURE
20.2 yrs

Jennifer Victory

TITLE
Group Compliance Manager
AGE
35
TENURE
6.2 yrs

Steven Stoffer

TITLE
Group Vice President Development
AGE
60
TENURE
14.2 yrs

Gianluca Castellini

TITLE
Group Vice President of Human Resources
AGE
49
TENURE
6.2 yrs

Laurent Sellier

TITLE
Chief Operations Officer of Paper Europe
TENURE
3.4 yrs

Paul Regan

TITLE
Group Treasurer
AGE
55
TENURE
24.2 yrs

Michael O'Riordan

TITLE
Group Company Secretary
AGE
61
TENURE
19.2 yrs

R. Guillermo Castañeda

TITLE
Chief Executive Officer of the Americas
AGE
57
TENURE
5.2 yrs
Board of Directors Tenure

Average tenure and age of the Smurfit Kappa Group board of directors in years:

5.8
Average Tenure
65
Average Age
  • The tenure for the Smurfit Kappa Group board of directors is about average.
Board of Directors

W. I. O'Mahony

TITLE
Chairman
COMPENSATION
€350K
AGE
71
TENURE
10.3 yrs

Tony Smurfit

TITLE
Group Chief Executive Officer & Director
COMPENSATION
€2M
AGE
55
TENURE
30.2 yrs

Ken Bowles

TITLE
CFO & Director
COMPENSATION
€920K
AGE
47
TENURE
2.3 yrs

Roberto Newell García

TITLE
Senior Independent Director
COMPENSATION
€117K
AGE
70
TENURE
1.8 yrs

Irial Finan

TITLE
Independent Non-Executive Director
COMPENSATION
€130K
AGE
61
TENURE
7.1 yrs

Frits Beurskens

TITLE
Non-Executive Director
COMPENSATION
€120K
AGE
71
TENURE
13.3 yrs

Christel Bories

TITLE
Independent Non-Executive Director
COMPENSATION
€90K
AGE
54
TENURE
6.3 yrs

John Moloney

TITLE
Independent Non-Executive Director
COMPENSATION
€90K
AGE
64
TENURE
5.3 yrs

Gonzalo Restrepo López

TITLE
Independent Non-Executive Director
COMPENSATION
€90K
AGE
67
TENURE
3.8 yrs

Jim Lawrence

TITLE
Independent Non-Executive Director
COMPENSATION
€90K
AGE
66
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Smurfit Kappa Group'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. Smurfit Kappa Group 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

Company Info

Description

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through Europe and the Americas segments. It offers containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box. The company’s product portfolio includes containerboards, including brown kraftliners and testliners, recycled flutings, semi chemical flutings, and white top kraftliners and testliners; core boards, corrugated sheet boards, folding carton sheet boards, kraft papers, preprinted liners, printing and writing papers, sack kraft papers, and solid board sheets; and standard, food, consumer, industrial, postal, protective, and retail packaging products, as well as paper bags and sacks, and point of sale displays packaging products. It also provides recovered paper; pulp and seedlings; and packing machines, such as bag-in-box, corrugated and solid board, and folding carton machines. In addition, Smurfit Kappa Group plc operates as a finance company. The company serves food, beverage, and household consumables sectors. Smurfit Kappa Group plc was founded in 1934 and is headquartered in Dublin, Ireland.

Details
Name: Smurfit Kappa Group plc
SMFK.Y
Exchange: OTCPK
Founded: 1934
€6,809,005,726
236,234,078
Website: http://www.smurfitkappa.com
Address: Smurfit Kappa Group plc
Beech Hill,
Clonskeagh,
Dublin,
Co. Dublin, 4,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE SK3 New Ordinary Shares Irish Stock Exchange IE EUR 14. Mar 2007
OTCPK SMFT.F New Ordinary Shares Pink Sheets LLC US USD 14. Mar 2007
DB SK3 New Ordinary Shares Deutsche Boerse AG DE EUR 14. Mar 2007
LSE SKG New Ordinary Shares London Stock Exchange GB GBP 14. Mar 2007
BATS-CHIXE SK3I New Ordinary Shares BATS 'Chi-X Europe' GB EUR 14. Mar 2007
BATS-CHIXE SKGL New Ordinary Shares BATS 'Chi-X Europe' GB GBP 14. Mar 2007
OTCPK SMFK.Y UNSPONSORD ADR Pink Sheets LLC US USD 12. Apr 2012
Number of employees
Current staff
Staff numbers
45,000
Smurfit Kappa Group employees.
Industry
Paper Packaging
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:25
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2019/02/13
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.