Karat Packaging Inc

Company Profile

Karat Packaging Inc had its IPO on 2021-04-15 under the ticker symbol KRT.

The company operates in the Consumer Cyclical sector and Packaging & Containers industry. Karat Packaging Inc has a staff strength of 781 employees.

Stock update

Shares of Karat Packaging Inc opened at $21.06 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $21.03 - $21.41, and closed at $21.37.

This is a +1.86% increase from the previous day's closing price.

A total volume of 156,642 shares were traded at the close of the day’s session.

In the last one week, shares of Karat Packaging Inc have slipped by -17.49%.

Karat Packaging Inc's Key Ratios

Karat Packaging Inc has a market cap of $515.10 million, indicating a price to book ratio of 1.9032 and a price to sales ratio of 0.6445.

In the last 12-months Karat Packaging Inc’s revenue was $407.20 million with a gross profit of $132.09 million and an EBITDA of $51.96 million. The EBITDA ratio measures Karat Packaging Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Karat Packaging Inc’s operating margin was 10.16% while its return on assets stood at 9.68% with a return of equity of 19.54%.

In Q2, Karat Packaging Inc’s quarterly earnings growth was a positive 65% while revenue growth was a negative 5.3%.

Karat Packaging Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

17.1523

PEG

Its diluted EPS in the last 12-months stands at $1.51 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Karat Packaging Inc’s profitability.

Karat Packaging Inc stock is trading at a EV to sales ratio of 0.7327 and a EV to EBITDA ratio of 6.3779. Its price to sales ratio in the trailing 12-months stood at 0.6445.

Karat Packaging Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 95.19%.

Balance sheet and cash flow metrics

Total Assets

$286.93 million

Total Liabilities

$50.72 million

Operating Cash Flow

$-14632000.00

Capital Expenditure

$3.09 million

Dividend Payout Ratio

95.19%

Karat Packaging Inc ended 2024 with $286.93 million in total assets and $0 in total liabilities. Its intangible assets were valued at $286.93 million while shareholder equity stood at $154.70 million.

Karat Packaging Inc ended 2024 with $5.16 million in deferred long-term liabilities, $50.72 million in other current liabilities, 20000.00 in common stock, $68.66 million in retained earnings and $3.51 million in goodwill. Its cash balance stood at $18.26 million and cash and short-term investments were $46.26 million. The company’s total short-term debt was $6,049,000 while long-term debt stood at $132000.00.

Karat Packaging Inc’s total current assets stands at $161.00 million while long-term investments were $0 and short-term investments were $28.00 million. Its net receivables were $32.82 million compared to accounts payable of $23.38 million and inventory worth $76.30 million.

In 2024, Karat Packaging Inc's operating cash flow was $-14632000.00 while its capital expenditure stood at $3.09 million.

Comparatively, Karat Packaging Inc paid $0.95 in dividends in 2024.

Other key metrics

Current Trading Price

$21.37

52-Week High

$26.69

52-Week Low

$11.9797

Analyst Target Price

$25.33

Karat Packaging Inc stock is currently trading at $21.37 per share. It touched a 52-week high of $26.69 and a 52-week low of $26.69. Analysts tracking the stock have a 12-month average target price of $25.33.

Its 50-day moving average was $20.98 and 200-day moving average was $15.99 The short ratio stood at 0.83 indicating a short percent outstanding of 0%.

Around 7160.9% of the company’s stock are held by insiders while 2329% are held by institutions.