GPK
Graphic Packaging Holding Company (GPK)
Last Price$26.2(2.0%)
Market Cap$8,021.4M
DCF value
$29.3
Undervalued (DCF value)
11.9%
Discount Rate
4.4%
Long-Term Growth Rate
2.5%
Stock quality
6/10
Good

GPK DCF Model

Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
Dec'20 ActualDec'21 ActualDec'22 ActualDec'23 ActualDec'24 ActualDec'25 EstimateDec'26 EstimateDec'27 EstimateDec'28 EstimateDec'29 EstimateDec'30 EstimateDec'31 EstimateDec'32 EstimateDec'33 EstimateDec'34 EstimateDec'35 Terminal
% growth
6,559.9
6.5%
7,156.0
9.1%
9,440.0
31.9%
9,428.0
(0.1%)
8,807.0
(6.6%)
8,932.7
1.4%
9,192.4
2.9%
9,931.2
8.0%
10,248.0
3.2%
10,564.8
3.1%
10,881.0
3.0%
11,195.9
2.9%
11,508.9
2.8%
11,819.3
2.7%
12,126.5
2.6%
12,429.6
2.5%
524.3
8.0%
550.0
7.7%
906.0
9.6%
1,334.0
14.1%
1,119.0
12.7%
871.2
9.8%
896.5
9.8%
968.6
9.8%
999.5
9.8%
1,030.4
9.8%
1,061.2
9.8%
1,091.9
9.8%
1,122.4
9.8%
1,152.7
9.8%
1,182.7
9.8%
1,212.2
9.8%
NOPAT
% effective tax rate
434.9
6.6%
409.2
5.7%
660.5
7.0%
1,033.4
11.0%
829.8
9.4%
646.0
7.2%
664.8
7.2%
718.2
7.2%
741.1
7.2%
764.0
7.2%
786.9
7.2%
809.7
7.2%
832.3
7.2%
854.8
7.2%
877.0
7.2%
898.9
7.2%
% of revenue
385.6
5.9%
489.0
6.8%
691.0
7.3%
556.0
5.9%
0.0
0.0%
393.6
4.4%
405.0
4.4%
437.5
4.4%
451.5
4.4%
465.5
4.4%
479.4
4.4%
493.3
4.4%
507.1
4.4%
520.7
4.4%
534.3
4.4%
547.6
4.4%
% of revenue
(646.3)
(9.9%)
(802.0)
(11.2%)
(549.0)
(5.8%)
(804.0)
(8.5%)
0.0
0.0%
(427.1)
(4.8%)
(439.5)
(4.8%)
(474.8)
(4.8%)
(490.0)
(4.8%)
(505.1)
(4.8%)
(520.2)
(4.8%)
(535.3)
(4.8%)
(550.3)
(4.8%)
(565.1)
(4.8%)
(579.8)
(4.8%)
(594.3)
(4.8%)
1.5
0.0%
(229.0)
(3.2%)
(218.0)
(2.3%)
(308.0)
(3.3%)
0.0
0.0%
(166.0)
(1.9%)
(170.9)
(1.9%)
(184.6)
(1.9%)
(190.5)
(1.9%)
(196.4)
(1.9%)
(202.2)
(1.9%)
(208.1)
(1.9%)
(213.9)
(1.9%)
(219.7)
(1.9%)
(225.4)
(1.9%)
(231.0)
(1.9%)
Free Cash Flow to Firm (FCFF)
% of revenue
175.7
2.7%
(132.8)
(1.9%)
584.5
6.2%
477.4
5.1%
829.8
9.4%
446.4
5.0%
459.4
5.0%
496.3
5.0%
512.2
5.0%
528.0
5.0%
543.8
5.0%
559.6
5.0%
575.2
5.0%
590.7
5.0%
606.1
5.0%
621.2
5.0%
% of FCFF used in calculation
83.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Discount period
0.50
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
9.50
Discount factor
0.98
0.94
0.90
0.86
0.82
0.79
0.76
0.73
0.69
0.67
Discounted FCFF (DFCFF)
362.8
430.8
446.0
440.9
435.5
429.7
423.6
417.2
410.5
403.6

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GPK DCF Value

DCF Value Calculation

as of Mar 03, 2025
Sum of DFCFF
% share of EV
4,200.7M
30.0%
Terminal Value (TV)
14.7B
Discounted TV
% share of EV
9,801.7M
70.0%
Total Debt
5,184.0M
8,975.5M
Shares outstanding
306.7M
FX rate
1.0
11.9% undervalued

Equity Value Bridge

GPK DCF Financials

Revenue
$8,807.0M -> $12.1B 3.3% CAGR
Operating Income
$1,119.0M -> $1,182.7M 0.6% CAGR
FCFF
$829.8M -> $606.1M (3.1%) CAGR

GPK DCF sensitivity

DCF value
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
3.0%
$32.0
$32.0
$32.0
$32.0
$32.0
3.5%
$31.0
$31.0
$31.0
$31.0
$31.0
4.4%
$29.0
$29.0
$29.0
$29.0
$29.0
4.5%
$29.0
$29.0
$29.0
$29.0
$29.0
5.0%
$28.0
$28.0
$28.0
$28.0
$28.0
DCF value, undervalued / overvalued
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
3.0%
22.0%
22.0%
22.0%
22.0%
22.0%
3.5%
19.0%
19.0%
19.0%
19.0%
19.0%
4.4%
11.0%
11.0%
11.0%
11.0%
11.0%
4.5%
11.0%
11.0%
11.0%
11.0%
11.0%
5.0%
7.0%
7.0%
7.0%
7.0%
7.0%

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FAQ

What is Graphic Packaging Holding Company DCF (discounted cash flow) valuation?

As of Mar 03, 2025, Graphic Packaging Holding Company's Discounted Cash Flow (DCF) valuation estimates its share price at $29.3. This suggests it may be undervalued by 11.9% compared to its current price of around $26.2, using a WACC of 4.4% and growth rates of 2.5%.

What is Graphic Packaging Holding Company WACC?

As of Mar 03, 2025, Graphic Packaging Holding Company's Weighted Average Cost of Capital (WACC) is approximately 4.4%.

What is Graphic Packaging Holding Company Enterprise Value?

As of Mar 03, 2025, Graphic Packaging Holding Company's Enterprise Value (EV) is approximately $14.0B. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.