Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionRanpak Holdings Corp Class A Common Stock (PACK)
Fair value
Not available
ACCE price target
$3.50
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $3.68 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
32
out of 100
Analysts
67% buy
3 covering
1-year return
-32.0%
Dividend yield
0.00%
Ranpak Holdings Corp Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Ranpak makes paper-based protective packaging: its Geami machines convert recycled kraft paper into cushioning dunnage for e-commerce and warehouse fulfilment, and it sells the consumables that run on them. That installed-machine model is the moat, since each system ties a customer to a recurring paper supply. Revenue grew 14.0% in the period, and gross margin held at 33.6%, which suggests the pricing and mix are still working even as the operating line has not yet caught up (operating margin is -1.2%, and ROE is -7.2%). The stock is small at a $298M market cap, carries no index membership and has no meaningful earnings to value, so the question for a PM is whether top-line momentum can be converted into operating profit as volumes recover in e-commerce fulfilment. A score of 32/100 says the quantitative profile is weak today; the thesis is worth a deeper look only if you can underwrite that margin inflection.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Cash burn and thin margins
Free cash flow is -$7.2M and operating margin is -1.2%, with net margin at -9.1%. The business is not generating cash from operations, despite 14.0% revenue growth.
high
Score collapse over 90 days
The ACCE score fell 18 points from 48 to 30 in 90 days, with the quality and momentum sub-scores weakest at Q:30 and M:17.
moderate
Leverage against negative returns
Debt/Equity is 0.80 while ROE is -7.2%, so debt is funding a business that is currently destroying shareholder equity.
AI research notes
AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 14.0% year over year, well ahead of its 5.8% average annual pace over five years.
Why it could disappoint
The company lost money on each sale, with a net margin of -9.1% over the reported period.
Free cash flow over the last twelve months was negative at -$7M, and the free cash flow yield is -2.4%.
Earnings per share missed expectations by 12.5%, coming in at -0.09 against -0.08 expected.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 29, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where PACK's valuation models land
Price
$3.68
Model fair valueConfidence: low
about $5.47
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Fair value
Upside
Analyst consensus
Sales comps
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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