MeritValue

APTARGROUP, INC.

ATRdata completeness 100%18 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$3.23B1$3.32B2$3.49B3$3.58B3$3.78B3
Net income$244.1M4$239.3M5$284.5M6$374.5M6$392.8M6
Operating cash flow$363.4M7$478.6M8$575.2M9$643.4M9$570M9
Capital expenditure$307.9M10$310.4M11$312.3M12$276.5M12$270.4M12
Free cash flow (derived)$55.5M7$168.2M8$262.9M9$366.9M9$299.6M9
Total debt$147.3M13$3.81M14$81.8M15$176M16$183.9M16
Cash & equivalents$122.9M17$141.7M18$223.6M19$223.8M19$402.4M19
Diluted shares67.7M66.7M66.9M67.7M66.7M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.000015%
of the whole company
Your share of last year’s profit
$58.87
Your share of its debt
$27.57
Your share of free cash flow
$44.9
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$279.18
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth20.0%
  • fcfBase$299.6M
DCF · Growth Exit 5Y
$153.51
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth20.0%
  • fcfBase$299.6M
Earnings Power Value
$44.93
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$284.5M
  • growthAssumed0.0%
Graham Number
$72.8
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years20.0%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $153.51

Default growth 20.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0000896622-24-000010 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0000896622-25-000007 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0000896622-26-000007 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-31 · accession 0000896622-24-000010 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0000896622-25-000007 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0000896622-26-000007 (NetIncomeLoss)
  7. 10-K · period ending 2021-12-31 · accession 0000896622-24-000010 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0000896622-25-000007 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-31 · accession 0000896622-26-000007 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0000896622-24-000010 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-12-31 · accession 0000896622-25-000007 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-12-31 · accession 0000896622-26-000007 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-12-31 · accession 0000896622-23-000008 (ShortTermBorrowings)
  14. 10-K · period ending 2022-12-31 · accession 0000896622-24-000010 (ShortTermBorrowings)
  15. 10-K · period ending 2023-12-31 · accession 0000896622-25-000007 (ShortTermBorrowings)
  16. 10-K · period ending 2024-12-31 · accession 0000896622-26-000007 (ShortTermBorrowings)
  17. 10-K · period ending 2021-12-31 · accession 0000896622-24-000010 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-12-31 · accession 0000896622-25-000007 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-12-31 · accession 0000896622-26-000007 (CashAndCashEquivalentsAtCarryingValue)