Company that gets relatively little coverage here in Canada due to its small cap nature.
The company surged in popularity during the COVID-19 pandemic primarily due to an increased level of demand for packaging and it also made some acquisitions that ended up driving growth. However, right now it's going through some operational struggles. Operating margins launched during the pandemic to some of the highest levels we've witnessed in a while for the company but it looks like they've dipped back down to levels we witnessed when it struggled pre-pandemic.
I'd imagine the company is exposed to a lot of input costs in terms of materials needed to make their goods. I'm not a huge fan of companies with mid single digit operating margins unless in very specific circumstances.
It seems like it is trading at some dirt cheap valuations. However, these valuations are likely pricing in some struggles for the company moving forward, particularly a lack of growth. Revenue is expected to decline year over year in 2024 before rising just 1-2% in 2025.
It's not a company I'd own personally. The company looks like it's been a poor operator for many years now and just caught some massive tailwinds during the pandemic.