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1. Company Snapshot

1.a. Company 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 and beverage 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 other consumer products, glass bottles for beverage products, steel crowns, aluminum caps, steel strap, plastic strap, industrial film, and other related products, as well as equipment and tools, such as manual, semi-automatic, and automatic equipment and tools used in end of line manufacturing applications to apply industrial solutions consumables.Crown Holdings, Inc.


was founded in 1892 and is headquartered in Yardley, Pennsylvania.

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1.b. Last Insights on CCK

Crown Holdings, Inc.'s recent performance was negatively impacted by various factors. Despite beating earnings estimates with Q3 earnings of $2.24 per share, up from $1.99 a year ago, and revenue surpassing estimates, concerns surrounding customer concentration and high interest expenses may have affected investor sentiment. The company's industrial products segment faced challenges, and its dividend-paying peer, Crown Castle, had a 32% dividend cut, potentially influencing investor perceptions. However, an upgrade to a Zacks Rank #2 (Buy) indicates growing optimism about Crown's earnings prospects.

1.c. Company Highlights

2. Crown Holdings' 2025 Earnings: A Mixed Bag with Growth Ahead

Crown Holdings reported a fourth quarter 2025 earnings per share of $1.31, down from $3.02 in the prior year quarter, which included a $2.32 per share gain from the sale of Eviosis. However, adjusted earnings per share were $1.74, up 9% from $1.59 in the prior year quarter, beating analyst estimates of $1.69. Net sales in the quarter increased 8% year-over-year, driven by a 3% rise in global beverage can volumes, $189 million from higher raw material costs, and $58 million from favorable foreign exchange. The company's segment income was $420 million, compared to $428 million in the prior year. For the full year 2025, Crown achieved record adjusted EBITDA of almost $2.1 billion and generated record free cash flow of $1.146 billion.

Publication Date: Feb -15

📋 Highlights
  • Adjusted EPS Growth:: Adjusted EPS rose 9% YoY to $1.74 in Q4 2025, despite a 55% decline in GAAP EPS to $1.31 due to a $2.32 per share gain in the prior year.
  • Record EBITDA and Free Cash Flow:: 2025 adjusted EBITDA reached $2.1B (up from $1.9B in 2024), while free cash flow hit $1.146B (vs. $814M in 2024).
  • Shareholder Returns:: Crown returned $625M to shareholders in 2025, including $505M in buybacks and $120M in dividends, with $650M in buybacks planned for 2026.
  • 2026 Guidance:: Expects adjusted EPS of $7.90–$8.30, with 2-3% North America beverage can volume growth and 4-5% in Europe, offset by inflation and startup costs.

Segment Performance and Outlook

The Americas Beverage segment saw a slight decline in segment income, despite a 3% rise in global beverage can volumes. Looking ahead, the company expects North American beverage can volume growth of 2% to 3% in 2026, with European beverage volumes expected to grow around 4-5%. The company's food can demand grew 5% in the quarter, and it expects to grow above market in 2026, driven by pet food growth. New investments in Brazil, Greece, and Spain will start up in the second half of 2026 and contribute more to volumes in 2027.

Valuation and Growth Prospects

With a P/E Ratio of 17.09 and an EV/EBITDA of 8.93, the market appears to be pricing in moderate growth expectations. Analysts estimate next year's revenue growth at 2.4%. Crown's ROIC of 11.74% and ROE of 25.41% indicate a strong ability to generate returns on capital and equity. The company's net debt to EBITDA ratio of 2.58 is slightly above its target of 2.5 times, but it expects to maintain a strong balance sheet. The company's commitment to returning excess cash to shareholders is evident in its $650 million share buyback plan for 2026.

Capital Allocation and Shareholder Returns

Crown Holdings' management remains committed to compounding earnings, investing in the business, maintaining a strong balance sheet, and returning excess cash to shareholders. The company's disciplined approach to capital allocation will consider factors such as interest rates and leverage. With a dividend yield of 0.94% and a free cash flow yield of 8.59%, the company offers an attractive return profile for investors.

3. NewsRoom

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Crown Castle and AT&T Tumble While Coca-Cola Rises as Dividened Stocks Take a Breather

13:02

Source: 247wallst.com

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Crown (NYSE:CCK) CEO Sells $830,025.00 in Stock

Feb -22

Source: defenseworld.net

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Crown Crafts Stock Declines Post Q3 Earnings, Revenues Weaken

Feb -17

Source:

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Crown Crafts to Ring Nasdaq Closing Bell, Commemorating the Debut of Groovy Girls® at Toy Fair

Feb -11

Source: globenewswire.com

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Crown Crafts Announces Financial Results for Third Quarter Fiscal 2026

Feb -11

Source: globenewswire.com

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Crown Castle: Upgrading To Buy As The Risk-Reward Shifts, Turnaround Advances

Feb -10

Source: seekingalpha.com

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Crown Holdings: Satisfying Free Cash Flow Reinforces 'Buy' Rating

Feb -09

Source: seekingalpha.com

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Crown Crafts' Manhattan Toy® Relaunches Groovy Girls, Blending Nostalgic Charm with Modern Trends

Feb -09

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.24%)

6. Segments

Americas Beverage

Expected Growth: 2.5%

Crown Holdings' Americas Beverage segment growth of 2.5% is driven by increasing demand for sustainable and specialty packaging, particularly in the craft beer and soft drink markets. Additionally, the company's focus on innovation, such as its Orbit closure system, and strategic acquisitions have contributed to its growth.

Transit Packaging

Expected Growth: 1.8%

Crown Holdings' Transit Packaging segment growth of 1.8% is driven by increasing demand for sustainable and eco-friendly packaging solutions, growth in e-commerce and online shopping, and rising need for protective packaging in the transportation of goods. Additionally, the company's focus on innovation and expansion into new markets also contributes to the segment's growth.

European Beverage

Expected Growth: 2.2%

Crown Holdings' European Beverage segment growth of 2.2% is driven by increasing demand for sustainable packaging, premiumization of beer and soft drinks, and expansion in emerging markets. Additionally, the segment benefits from the company's innovative product offerings, such as slim cans and specialty packaging, which appeal to environmentally conscious consumers.

Other

Expected Growth: 1.5%

Crown Holdings, Inc.'s 1.5% growth in 'Other' segment is driven by increasing demand for specialty packaging, expansion into emerging markets, and strategic acquisitions. Additionally, the company's focus on sustainability and innovative products has contributed to its growth. Furthermore, the 'Other' segment's diversification into adjacent markets, such as food and beverage, has also supported its growth momentum.

Asia Pacific

Expected Growth: 2.8%

Crown Holdings, Inc.'s 2.8% growth in Asia Pacific is driven by increasing demand for beverage packaging in China and Southeast Asia, fueled by a growing middle class and rising consumption of soft drinks and beer. Additionally, the region's expanding e-commerce market and increasing adoption of sustainable packaging solutions also contribute to this growth.

7. Detailed Products

Food and Beverage Packaging

Crown Holdings provides a wide range of packaging solutions for the food and beverage industry, including cans, bottles, and containers for soft drinks, beer, and food products.

Aerosol Packaging

Crown Holdings offers a variety of aerosol packaging solutions for personal care, household, and industrial products, including spray cans and dispensers.

Promotional Packaging

Crown Holdings provides custom and specialty packaging solutions for promotional and specialty products, including tins, containers, and gift boxes.

Equipment and Tooling

Crown Holdings offers a range of equipment and tooling solutions for the packaging industry, including can making machinery and tooling systems.

Services

Crown Holdings provides a range of services, including packaging design, testing, and logistics, to support customers' packaging needs.

8. Crown Holdings, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Crown Holdings, Inc. operates in the packaging industry, where substitutes are available, but they are not a significant threat. The company's focus on innovation and sustainability helps to differentiate its products and reduce the threat of substitutes.

Bargaining Power Of Customers

Crown Holdings, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. The company's strong relationships with its customers and its ability to provide customized solutions also help to mitigate the bargaining power of customers.

Bargaining Power Of Suppliers

Crown Holdings, Inc. relies on a network of suppliers for raw materials, but it has a diversified supply chain and is not heavily dependent on any single supplier. The company's scale and global presence also give it bargaining power over its suppliers.

Threat Of New Entrants

The packaging industry has high barriers to entry, including significant capital requirements and regulatory hurdles. Crown Holdings, Inc.'s established brand and global presence also make it difficult for new entrants to gain traction.

Intensity Of Rivalry

The packaging industry is highly competitive, with several large players competing for market share. Crown Holdings, Inc. faces intense competition from companies such as Ball Corporation and Ardagh Group, which can lead to pricing pressure and reduced margins.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 75.73%
Debt Cost 7.86%
Equity Weight 24.27%
Equity Cost 8.34%
WACC 7.97%
Leverage 312.03%

11. Quality Control: Crown Holdings, Inc. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Greif

A-Score: 6.0/10

Value: 8.2

Growth: 4.0

Quality: 5.8

Yield: 6.0

Momentum: 4.0

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Sealed Air

A-Score: 5.8/10

Value: 5.9

Growth: 4.3

Quality: 6.7

Yield: 4.0

Momentum: 8.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
Crown Holdings

A-Score: 5.7/10

Value: 6.2

Growth: 5.0

Quality: 5.0

Yield: 2.0

Momentum: 7.0

Volatility: 9.0

1-Year Total Return ->

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Stock-Card
Silgan

A-Score: 4.8/10

Value: 6.9

Growth: 5.2

Quality: 5.0

Yield: 3.0

Momentum: 1.5

Volatility: 7.3

1-Year Total Return ->

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Stock-Card
Berry Global

A-Score: 4.8/10

Value: 6.1

Growth: 5.7

Quality: 4.3

Yield: 1.0

Momentum: 5.0

Volatility: 6.7

1-Year Total Return ->

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Stock-Card
WestRock

A-Score: 3.9/10

Value: 7.3

Growth: 2.7

Quality: 2.3

Yield: 2.0

Momentum: 6.0

Volatility: 3.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

114.94$

Current Price

114.94$

Potential

-0.00%

Expected Cash-Flows