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Sealed Air Corp SEE

Morningstar Rating
$34.12 0.00 (0.00%)
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Company Report

Sealed Air: New CEO Offers Outside Perspective but Macroeconomic Challenges Remain

On June 13, Sealed Air announced that Patrick Kivits will become the company’s new CEO effective July 1. Kivits most recently served as the president of WestRock’s corrugated packaging division, overseeing the company’s largest business segment as the company executed a portfolio transformation. This announcement follows the departure of Sealed Air’s former CEO, Ted Doheny, in October 2023. The company’s current co-CEOs, Emile Chammas and Dustin Semach, will retain their current positions as COO and CFO, respectively. This hire makes sense to us, given Kivits’ experience in both packaging and manufacturing. Our narrow moat rating remains unchanged, and we are maintaining our $54 fair value estimate.

Price vs Fair Value

SEE is trading at a 744% premium.
Price
$34.12
Fair Value
$33.00
Uncertainty
High
1-Star Price
$72.80
5-Star Price
$47.10
Economic Moat
Kclyt
Capital Allocation
Vwmbzdgz

Bulls Say, Bears Say

Bulls

Sealed Air is well positioned as the leader in food packaging and automation to capitalize on growing food demand from global population increases.

Bears

Sealed Air’s leading position in food packaging solutions could be threatened as competitors increase investments in automation.

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News

Trading Information

Previous Close Price
$34.12
Day Range
$33.8434.38
52-Week Range
$28.5047.12
Bid/Ask
$33.01 / $34.99
Market Cap
$4.97 Bil
Volume/Avg
988,649 / 1.5 Mil

Key Statistics

Price/Earnings (Normalized)
10.56
Price/Sales
0.90
Dividend Yield (Trailing)
2.34%
Dividend Yield (Forward)
2.34%
Total Yield
2.34%

Company Profile

Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.
Sector
Consumer Cyclical
Industry
Packaging & Containers
Stock Style Box
Small Core
Total Number of Employees
17,000

Competitors

Valuation

Metric
SEE
SON
G1A
Price/Earnings (Normalized)
10.569.9015.66
Price/Book Value
8.302.002.78
Price/Sales
0.900.731.29
Price/Cash Flow
7.006.8013.02
Price/Earnings
SEE
SON
G1A

Financial Strength

Metric
SEE
SON
G1A
Quick Ratio
0.620.770.73
Current Ratio
1.331.311.18
Interest Coverage
2.514.6713.54
Quick Ratio
SEE
SON
G1A

Profitability

Metric
SEE
SON
G1A
Return on Assets (Normalized)
6.37%6.90%6.95%
Return on Equity (Normalized)
100.90%21.16%17.09%
Return on Invested Capital (Normalized)
12.73%10.20%15.61%
Return on Assets
SEE
SON
G1A
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Packaging & Containers Industry Comparables

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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Ball Corp
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AVY
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Packaging Corp of America
PKG
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International Paper Co
IP
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Amcor PLC Ordinary Shares
AMCR
GkvmqdnJrrnyr$13.8 Bil
WestRock Co
WRK
BmlyrcdwDhf$12.6 Bil
Crown Holdings Inc
CCK
LtnsjjfqWvxlgvs$8.8 Bil
Sonoco Products Co
SON
NskxzsljKvnv$4.8 Bil
Silgan Holdings Inc
SLGN
GfkxknnGvrp$4.5 Bil

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