# Smurfit Westrock plc (SW) — Stock CV

Smurfit Westrock plc is a $21.5B consumer company. Revenue grew 35.4% over the last year, it keeps 2¢ of every dollar of sales as profit, and its net debt equals ~12.7 years of free cash flow. It trades at 43.4× earnings — around the middle of its own history.

> Smurfit WestRock PLC manufactures corrugated packaging and consumer packaging, such as folding cartons and paperboard. operates a vertically integrated system supplying wood and recovered fiber to produce various grades of board, which are then converted into packaging products.

## Identity

- **Ticker**: SW
- **Sector**: Consumer Cyclical
- **Industry**: Packaging & Containers
- **Headquarters**: DUBLIN 4
- **Employees**: 97 000
- **Website**: https://www.smurfitwestrock.com
- **Market cap**: $21.5B
- **Last price**: $41.00
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $31.3B
- **Net income**: $497M
- **Free cash flow**: $1.01B
- **Net debt**: $12.9B
- **P/E**: 43.4
- **Revenue growth (YoY)**: 35.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 82 |
| Growth | 50 |
| Profitability | 21 |
| Health | 37 |
| Quality | 97 |
| Moat | 49 |

## Qualifications (beginner checklist) — 7 of 11 passed

- [x] Revenue growing — +35.4% YoY
- [x] Profitable — $497M TTM
- [ ] Profit growing — -29.6% YoY
- [x] Generates cash — $1.01B TTM
- [ ] Debt under control — ~12.7y of cash flow to repay
- [x] Established company — $21.5B market cap
- [ ] Not printing shares — +104.5% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [ ] Financially stable — Altman Z 1.0 — distress
- [x] Pays a dividend — yield 4.28%
- [x] Valuation not extreme — P/E 43.4

## Experience (career milestones)

- **2023** — It was announced that Smurfit Kappa and the Sandy Springs, Georgia-headquartered corrugated…
- **FY2022** — Best year on record: $1.03B net income
- **FY2021** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2021** — Revenue already above $10B: $11.9B in first reported year
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2016** — It acquired two Brazilian Companies for €186 million
- **2012** — It bought Orange County Container, a US-based packaging company, for $340 million
- **2005** — It merged with in 2005, changing its name to Smurfit Kappa, and was the subject of an initial public offering in 2007
- **1934** — The company was established as a box-maker in the Rathmines area of Dublin, Ireland in 1934 and was acquired by…

## Strengths

- Revenue growing 35.4% year over year
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Altman Z-Score 1.03 — elevated financial-distress risk
- Net debt would take ~13.3 years of free cash flow to repay
- Net debt equals ~12.7 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $11.9B | $802M | $367M |
| FY2022 | $13.5B | $1.03B | $503M |
| FY2023 | $12.1B | $825M | $630M |
| FY2024 | $21.1B | $319M | $17.0M |
| FY2025 | $31.2B | $699M | $1.20B |

---

Source: https://stockcv.com/SW — derived from company filings; may be delayed or incomplete. Information, not investment advice.