Ranpak Holdings Corp Class A Common Stock (PACK)

FairStock Score: 54/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable economics, honest accounting, and a price that leaves margin of safety. Ranpak sells paper-based protective packaging and end-of-line automation—simple products tied to e-commerce and industrial shipping. Revenue is moving in the right direction: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $86.4M versus $77.8M in fiscal Q2 2025; fiscal year 2025 revenue was $332.7M versus $315.5M in fiscal year 2024. But the bottom line remains ugly. Fiscal Q2 2026 net loss was $7.9M, or diluted EPS -$0.09; fiscal year 2025 net loss was $38.3M, or -$0.45 per diluted share. The company has lost money in each of the last four years, which is why the computed Lynch category is none. FairStock's calculations show negative P/E of -8.02 and P/B of 0.58 at the 2026-10-13 close. The low price-to-book may tempt a Graham-style investor, but negative ROE of -7.18%, near-zero ROCE of -0.03%, and an Altman Z-Score of 0.22 signal weak profitability and financial risk. Debt-to-equity of 0.82 and a beta of 3.10 add fragility. Free cash flow is positive—$7.2M trailing, a 2.4% FCF yield—but that is thin against a $302.7M market cap and doesn't cover the losses. The Piotroski F-Score of 5/9 is middling. Growth without profits is not value; it is hope. Until Ranpak converts revenue growth into consistent net income and cash returns, the shares look statistically cheap but fundamentally unproven. I would want a much larger discount or evidence of durable earnings before calling this a sound value proposition.

In plain English: Ranpak makes paper-based protective packaging and automation for warehouses and online sellers. Sales are growing—fiscal Q2 2026 revenue was $86.4M, up from $77.8M in fiscal Q2 2025—but the company is still losing money, with a $7.9M net loss in that latest filed quarter. At $3.53, the stock looks cheap compared with its accounting value, but the losses and debt make it hard to call it a safe bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer