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Karat Packaging Inc., together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. The company also provides new product development, design, printing, and logistics services. It offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. The company was founded in 2000 and is based in Chino, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Karat Packaging Inc designs and supplies custom packaging and protective materials for consumer brands, with a focus on sustainable and e-commerce-ready solutions. Long-term growth may be supported by rising e-commerce penetration, increasing demand for sustainable packaging, and the company's ability to expand value-added design and fulfillment services. Investors may find exposure to structural packaging demand and potential margin improvement from premium and sustainability-focused products appealing.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 32.51M | 27.53M | 21.93M | 2.94M | 1.55M |
| Minority interest | 2.19M | -1.66M | 7.46M | 8.31M | 7.87M |
| Net income | 23.65M | 20.78M | 17.52M | 1.72M | 0.02M |
| Selling general administrative | 66.23M | 52.42M | 39.24M | 38.71M | 32.00M |
| Selling and marketing expenses | 35.84M | 32.26M | 22.19M | 16.47M | 9.32M |
| Gross profit | 132.09M | 107.83M | 89.12M | 61.02M | 43.45M |
| Reconciled depreciation | 14.23M | 10.04M | 8.57M | 5.95M | 3.96M |
| Ebit | 30.02M | 23.14M | 27.70M | 5.84M | 2.60M |
| Ebitda | 47.19M | 34.38M | 36.66M | 11.57M | 6.56M |
| Depreciation and amortization | 17.17M | 11.23M | 8.96M | 5.73M | 3.96M |
| Non operating income net other | 4.51M | - | - | - | - |
| Operating income | 30.02M | 23.14M | 27.70M | 5.84M | 2.13M |
| Other operating expenses | 392.94M | 341.10M | 267.82M | 219.07M | 173.30M |
| Interest expense | 2.02M | 1.40M | 5.49M | 4.75M | 1.46M |
| Tax provision | 6.68M | 5.09M | 5.26M | 0.78M | 1.67M |
| Interest income | 2.23M | - | - | - | - |
| Net interest income | 0.21M | -1.40M | -5.49M | -4.75M | -1.46M |
| Income tax expense | 6.68M | 5.09M | 5.26M | 0.78M | 1.67M |
| Total revenue | 422.96M | 364.24M | 295.52M | 224.91M | 175.43M |
| Total operating expenses | 102.07M | 84.68M | 61.43M | 55.18M | 41.32M |
| Cost of revenue | 290.87M | 256.42M | 206.39M | 163.89M | 131.98M |
| Total other income expense net | 2.50M | 4.38M | -5.77M | -2.89M | 0.87M |
| Net income from continuing ops | 25.84M | 22.44M | 16.67M | 2.16M | -0.12M |
| Net income applicable to common shares | 23.65M | 20.78M | 17.52M | 1.72M | 0.02M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 276.40M | 252.18M | 207.60M | 181.10M | 133.35M |
| Intangible assets | 0.33M | 0.35M | 0.38M | - | - |
| Other current assets | 6.22M | 6.64M | 5.14M | 6.53M | 3.08M |
| Total liab | 113.71M | 100.24M | 75.57M | 141.24M | 109.30M |
| Total stockholder equity | 154.12M | 141.68M | 122.90M | 32.40M | 15.74M |
| Deferred long term liab | - | 5.16M | - | - | - |
| Other current liab | 13.78M | 13.95M | 9.90M | 10.83M | 9.02M |
| Common stock | 0.02M | 0.02M | 0.02M | 0.01M | 0.01M |
| Capital stock | 0.02M | 0.02M | 0.02M | 0.01M | 0.01M |
| Retained earnings | 67.68M | 56.12M | 39.43M | 18.66M | 1.75M |
| Other liab | - | 7.81M | 9.47M | 8.38M | 4.08M |
| Good will | 3.51M | 3.51M | 3.51M | 3.11M | - |
| Other assets | 0.00M | 13.23M | 7.36M | 2.68M | 13.31M |
| Cash | 23.08M | 16.04M | 6.48M | 0.45M | 0.80M |
| Total current liabilities | 44.40M | 39.25M | 30.76M | 43.14M | 35.93M |
| Current deferred revenue | 0.95M | 1.28M | 1.22M | 0.55M | 0.68M |
| Net debt | 47.93M | 42.61M | 30.03M | 98.11M | 74.41M |
| Short term debt | 5.92M | 5.47M | 1.18M | 11.69M | 7.21M |
| Short long term debt | 1.12M | 0.96M | 1.18M | 11.36M | 6.89M |
| Short long term debt total | 71.00M | 58.65M | 36.52M | 98.55M | 75.22M |
| Other stockholder equity | 86.42M | 85.54M | 83.45M | 13.73M | 13.98M |
| Property plant equipment | - | 95.57M | 93.47M | 95.53M | 59.02M |
| Total current assets | 154.93M | 123.80M | 102.87M | 79.78M | 61.03M |
| Net tangible assets | - | 137.82M | 119.01M | 29.29M | 15.74M |
| Short term investments | 26.34M | - | - | - | - |
| Net receivables | 27.76M | 29.91M | 32.78M | 23.84M | 21.71M |
| Long term debt | 48.40M | 41.56M | 35.34M | 86.58M | 67.37M |
| Inventory | 71.53M | 71.21M | 58.47M | 48.96M | 35.43M |
| Accounts payable | 23.75M | 18.56M | 18.47M | 20.07M | 19.02M |
| Noncontrolling interest in consolidated entity | - | 10.25M | - | - | - |
| Accumulated other comprehensive income | 0.00M | - | - | -30.32M | -22.12M |
| Common stock total equity | - | 0.02M | - | 0.01M | 0.01M |
| Retained earnings total equity | - | 56.12M | - | - | - |
| Treasury stock | - | -0.25M | - | - | - |
| Non currrent assets other | 1.67M | 13.23M | 7.36M | 0.16M | 13.31M |
| Non current assets total | 121.47M | 128.38M | 104.73M | 101.33M | 72.33M |
| Capital lease obligations | 21.49M | 4.51M | 0.00M | 0.61M | 0.95M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -5.05M | -13.28M | -37.35M | -24.76M | -24.31M |
| Change to liabilities | 4.66M | -1.60M | 1.00M | 3.92M | 3.28M |
| Total cashflows from investing activities | -17.84M | -13.28M | -37.35M | -24.76M | -24.31M |
| Net borrowings | -21.57M | -57.05M | 23.30M | 24.74M | 19.30M |
| Total cash from financing activities | -2.07M | 10.64M | 22.45M | 24.62M | 21.76M |
| Change to operating activities | -0.61M | 1.00M | -0.98M | 0.71M | -1.75M |
| Net income | 25.84M | 22.44M | 16.67M | 2.16M | -0.12M |
| Change in cash | 9.56M | 6.04M | -0.35M | -0.16M | 0.17M |
| Begin period cash flow | 6.48M | 0.45M | 0.80M | 0.96M | 0.79M |
| End period cash flow | 16.04M | 6.48M | 0.45M | 0.80M | 0.96M |
| Total cash from operating activities | 29.47M | 8.68M | 14.55M | -0.03M | 2.72M |
| Issuance of capital stock | 0.00M | 67.59M | - | 0.00M | 1.90M |
| Depreciation | 14.23M | 10.04M | 8.57M | 5.95M | 3.96M |
| Other cashflows from investing activities | -10.14M | 2.70M | 2.70M | 2.70M | - |
| Dividends paid | -6.96M | 6.96M | -0.61M | 0.61M | 1.25M |
| Change to inventory | -16.21M | -9.43M | -13.83M | -5.95M | -0.98M |
| Change to account receivables | 1.85M | -8.94M | -2.86M | -6.34M | -3.51M |
| Sale purchase of stock | -6.96M | 0.00M | -0.25M | - | 28.33M |
| Other cashflows from financing activities | 54.53M | 17.57M | 31.03M | 50.74M | 1.81M |
| Change to netincome | 0.39M | -3.24M | 5.11M | -0.06M | 1.70M |
| Capital expenditures | 14.75M | 12.38M | 36.48M | 34.81M | 31.91M |
| Change receivables | 1.85M | - | - | - | - |
| Cash flows other operating | 2.49M | - | - | - | - |
| Cash and cash equivalents changes | 9.56M | - | - | - | - |
| Change in working capital | -14.96M | -18.92M | -16.66M | -7.66M | -2.97M |
| Stock based compensation | 2.05M | 2.03M | 2.02M | -1.02M | - |
| Other non cash items | 2.80M | -6.43M | 0.01M | 0.01M | 0.19M |
| Free cash flow | 14.73M | -3.70M | -21.93M | -34.84M | -29.19M |
Sector: Consumer Cyclical Industry: Packaging & Containers
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| KRT Karat Packaging Inc |
-1.04 2.75% |
36.75 | 19.35 | - | 1.37 | 3.59 | 1.42 | 9.47 |
| SW Smurfit WestRock plc |
-0.41 0.91% |
43.95 | 46.50 | 12.89 | 0.73 | 1.27 | 1.16 | 8.48 |
| AMCCF Amcor plc |
- -% |
44.12 | 18.56 | 10.83 | 0.87 | 1.73 | 1.42 | 9.68 |
| AMCR Amcor PLC |
-0.80 1.77% |
44.39 | 30.90 | 9.95 | 0.97 | 1.65 | 1.74 | 14.05 |
| IP International Paper |
-0.47 1.34% |
34.66 | - | 11.26 | 0.74 | 1.25 | 1.12 | 330.49 |
Karat Packaging Inc., together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. The company also provides new product development, design, printing, and logistics services. It offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. The company was founded in 2000 and is based in Chino, California.
6185 Kimball Avenue, Chino, CA, United States, 91708
626 965 8882
778
| Name | Title | Year Born |
|---|---|---|
| Mr. Alan Yu | Chairman & CEO | 1971 |
| Ms. Joanne Wang | COO & Director | 1973 |
| Mr. Marvin Cheng | VP of Manufacturing & Sec. | 1969 |
| Ms. Jian Guo | Chief Financial Officer | NA |
| Daniel Quire | Director of Sales | NA |
| Mr. Alan Yu | Chairman & CEO | 1970 |
| Ms. Jian Guo | CFO & Director | 1979 |
| Daniel Quire | Chief Revenue Officer | NA |
| Mr. Marvin Cheng | VP of Manufacturing & Secretary | 1969 |
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