Pactiv Evergreen Inc. manufactures and distributes fresh foodservice and food merchandising products, and fresh beverage cartons in the United States, rest of North America, and internationally. It operates in two segments, Foodservice, and Food and Beverage Merchandising. The Foodservice segment offers food containers; drinkware, such as hot and cold cups and lids; and tableware, service ware, and other products. The Food and Beverage Merchandising segment manufactures cartons for fresh refrigerated beverage products, including dairy, juice, and other specialty beverage; clear rigid-display containers, containers for prepared and ready-to-eat food, and trays for meat and poultry and egg cartons; fiber-based liquid packaging board; and supplies fresh carton systems comprises printed cartons, spouts, and filling machinery. It serves its products to full-service restaurants, quick service restaurants, foodservice distributors, supermarkets, grocery and healthy eating retailers, other food stores, food and beverage producers, and food packers and food processors. The company was formerly known as Reynolds Group Holdings Limited. The company was founded in 1880 and is headquartered in Lake Forest, Illinois. Pactiv Evergreen Inc. is a subsidiary of Packaging Finance Limited.
Market Headwinds | Pactiv Evergreen faces challenges in the plastic packaging industry, with recent operational issues and market weakness impacting financial outlook |
Resilient Operato | Despite setbacks, the company maintains its position as a strong player in the sector, with analysts expecting potential recovery in coming years |
Financial Recalibration | Revised EBITDA estimates stand at $800 million for FY2024 and $850 million for FY2025, reflecting a cautiously optimistic outlook on near-term performance |
Future Prospects | Analysts maintain a $13.00 price target, with expectations of demand recovery in 2025 and potential for market share gains as industry conditions improve |
Metrics to compare | PTVE | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipPTVEPeersSector | |
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P/E Ratio | 27.9x | 15.4x | −0.1x | |
PEG Ratio | 0.14 | 0.37 | 0.00 | |
Price/Book | 1.5x | 2.5x | 1.6x | |
Price / LTM Sales | 0.4x | 0.9x | 1.3x | |
Upside (Analyst Target) | 24.8% | 0.0% | 27.4% | |
Fair Value Upside | Unlock | −4.0% | 1.5% | Unlock |