Graphic Packaging Holding Company Financial Ratios — GPK

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	28.92	11.45	14.4	8.65	21.77	21.13	25.57	15.4	13.14	11.15	12.31	25.84	29.33	22.72	13.99
Return on Assets (%)	6.06	2.64	3.19	2.06	5.48	5.15	6.34	3.71	2.89	2.21	2.23	5.02	6.72	5.9	3.87
Return on Capital (%)	- -	5.55	6.51	4.56	9.19	9.13	- -	5.73	4.62	4.27	4.15	8.53	11.44	10.06	7.1
Return on Invested Capital (%)	- -	5.99	7.31	8.9	9.64	10.17	- -	8.98	8.36	8.65	5.91	9.65	12.12	10.07	7.42
Gross Margin (%)	15.16	16.59	16.2	18.56	18.97	18.64	16.1	15.8	17.73	16.77	14.97	19.39	22.45	22.28	18.59
EBITDA Margin (%)	13.7	14.19	14.12	16.4	17.54	17.31	15.65	14.99	16.54	16.17	14.45	16.84	19.8	19.09	16.03
Operating Margin (%)	7.08	8.04	7.92	10.03	10.8	10.34	8.15	7.85	9.29	8.92	7.62	10.99	13.24	12.76	9.81
Incremental Operating Margin (%)	20.84	38.99	4.18	-29.76	-29.51	-3.34	-79.53	7.03	75.73	3.25	-6.71	21.54	-1,758.33	19.97	146.84
Pretax Margin (%)	1.03	4.62	4.75	3.13	8.64	7.43	5.74	5.76	5.75	3.72	4.04	7.58	9.89	10.06	6.75
Profit Margin (%)	6.58	2.83	3.27	2.12	5.53	5.3	6.81	3.67	3.36	2.55	2.85	5.53	7.67	7.47	5.15
Net Income to Common Margin (%)	6.58	2.83	3.27	2.12	5.53	5.3	6.81	3.67	3.36	2.55	2.85	5.53	7.67	7.47	5.15
Effective Tax Rate (%)	- -	41.19	31.7	34.21	36.29	29.18	- -	15.74	21.47	17.21	25.61	27.09	22.53	25.85	23.88
Dvd Payout Ratio (%)	- -	- -	- -	- -	21.43	28.25	31.11	30.25	32.38	43.1	40.35	17.62	17.01	18.54	28.83
Sustainable Growth Rate (%)	28.92	11.45	14.4	8.65	17.11	15.16	17.61	10.74	8.89	6.35	7.34	21.29	24.34	18.51	9.96

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	2,366	2,333	2,254	1,958	1,876	2,152	2,274	2,957	3,067	3,862	6,060	5,503	5,435	5,247	5,638
ST Debt	30	80	77	32	37	63	61	52	105	558	352	119	826	102	616
LT Debt	2,336	2,254	2,176	1,926	1,839	2,088	2,213	2,905	2,961	3,304	5,708	5,384	4,609	5,145	5,022
Total Debt/EBITDA	4.11	3.79	3.57	2.82	2.57	2.89	3.3	3.27	3.01	3.64	5.86	3.46	2.91	3.12	4.08
Net Debt/EBITDA	3.62	3.69	3.47	2.69	2.49	2.79	3.16	3.19	2.65	3.13	5.43	3.2	2.79	2.99	3.84
Total Debt/EBIT	7.94	6.69	6.35	4.6	4.18	4.84	6.34	6.25	5.36	6.6	11.12	5.31	4.35	4.67	6.67
Net Debt/EBIT	7.01	6.52	6.19	4.4	4.05	4.67	6.06	6.09	4.73	5.69	10.3	4.91	4.17	4.47	6.28
EBITDA to Interest Expense	3.98	5.54	6.2	8.62	10.76	9.71	7.68	7.31	7.23	8.22	8.41	8.07	7.81	7.31	6.28
EBITDA-CapEx/Interest Expense	3.98	5.54	6.2	8.44	10.54	9.5	7.47	7.17	7.07	7.99	8.19	7.93	7.72	7.16	6.28
EBIT to Interest Expense	2.06	3.14	3.48	5.27	6.62	5.8	4	3.82	4.06	4.53	4.43	5.26	5.22	4.89	3.84
Interest Expense	145	111	102	81	68	77	90	124	141	129	123	197	239	230	220
Common Equity/Total Assets	25.12	21.03	23.3	24.47	25.89	22.95	26.57	22.38	21.54	18.24	18.08	20.81	24.89	27.03	28.33
Long-Term Debt/Equity (%)	197.69	229.22	202.7	190.21	166.91	197.68	171.31	126.62	125.36	179.57	301.53	250.42	165.67	170.76	150.49
Long-Term Debt/Capital (%)	65.84	67.95	65.41	64.83	61.77	65.09	62.06	55.32	54.55	57.94	71.77	70.35	56.09	62.29	55.96
Long-Term Debt/Total Assets (%)	50.23	48.65	47.73	46.54	43.21	45.37	45.51	41.15	40.62	42.33	54.59	52.13	41.24	46.17	42.65
Total Debt/Equity (%)	200.24	237.34	209.91	193.39	170.24	203.68	176.06	128.89	129.81	209.89	320.13	255.95	195.36	174.15	168.95
Total Debt/Capital (%)	66.69	70.36	67.73	65.92	63	67.07	63.78	56.31	56.49	67.73	76.2	71.91	66.14	63.52	62.82
Total Debt/Total Assets (%)	50.88	50.38	49.43	47.31	44.07	46.75	46.77	41.89	42.07	49.48	57.95	53.28	48.64	47.08	47.88
Net Debt to Equity	176.61	231.31	204.53	185.02	165.09	196.39	168.52	125.65	114.41	180.76	296.62	236.84	187.06	166.61	158.92
Net Debt/Capital (%)	63.71	69.65	67.05	64.85	62.24	65.88	62.22	55.64	51.23	60.22	72.16	67.87	64.61	61.95	60.86
EBITDA	576	616	632	695	730	744	689	904	1,019	1,061	1,034	1,590	1,867	1,681	1,381
EBITDA-CapEx	576	616	632	681	714	728	670	887	997	1,031	1,007	1,563	1,844	1,647	1,381
Operating Income (Loss)	298	349	355	425	449	444	359	473	572	585	545	1,037	1,248	1,124	845

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.42	0.07	0.07	0.12	0.07	0.08	0.08	0.06	0.13	0.1	0.08	0.08	0.06	0.08	0.12
Current Ratio	2.03	1.6	1.73	1.55	1.46	1.43	1.37	1.5	1.51	1.09	1.22	1.4	1.1	1.46	1.3
Quick Ratio	1.04	0.68	0.65	0.73	0.65	0.62	0.46	0.56	0.55	0.45	0.5	0.53	0.39	0.48	0.45
CFO/Avg Current Liab	0.62	0.67	0.63	0.76	0.84	0.1	-0.24	-0.37	0.56	0.54	0.31	0.55	0.51	0.37	0.41
Common Equity/Total Assets	25.12	21.03	23.3	24.47	25.89	22.95	26.57	22.38	21.54	18.24	18.08	20.81	24.89	27.03	28.33
Long-Term Debt/Equity (%)	197.69	229.22	202.7	190.21	166.91	197.68	171.31	126.62	125.36	179.57	301.53	250.42	165.67	170.76	150.49
Long-Term Debt/Capital (%)	65.84	67.95	65.41	64.83	61.77	65.09	62.06	55.32	54.55	57.94	71.77	70.35	56.09	62.29	55.96
Long-Term Debt/Total Assets (%)	50.23	48.65	47.73	46.54	43.21	45.37	45.51	41.15	40.62	42.33	54.59	52.13	41.24	46.17	42.65
Total Debt/Equity (%)	200.24	237.34	209.91	193.39	170.24	203.68	176.06	128.89	129.81	209.89	320.13	255.95	195.36	174.15	168.95
Total Debt/Capital (%)	66.69	70.36	67.73	65.92	63	67.07	63.78	56.31	56.49	67.73	76.2	71.91	66.14	63.52	62.82
Total Debt/Total Assets (%)	50.88	50.38	49.43	47.31	44.07	46.75	46.77	41.89	42.07	49.48	57.95	53.28	48.64	47.08	47.88
CFO/Total Liabilities	11.18	12.84	13.14	16.85	18.68	2.09	-5.39	-7.84	13.52	13.83	7.11	13.33	13.63	10.33	9.97
CFO/CapEx	- -	- -	- -	36.83	38.76	4.62	-10.03	-22.79	30.27	27.5	22.56	40.37	49.74	24.71	- -
Altman's Z-Score	1.95	2.09	2.4	2.93	2.86	2.66	2.7	2.04	2.25	1.92	1.69	2.39	2.39	2.43	1.92

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	22.11	10.58	10.78	11.49	12.18	12.28	13.87	16.35	13.44	12.52	10.36	11.88	12.41	13.17	14.23
Days Sales Outstanding	16.51	34.5	33.86	31.75	29.97	29.73	26.32	22.32	27.16	29.16	35.25	30.72	29.42	27.71	25.65
Inventory Turnover	8.01	7.19	6.89	6.4	6.25	6.14	6.07	6.16	4.8	4.91	4.84	5.09	4.35	3.9	3.99
Days Inventory Outstanding	45.59	50.79	52.99	57.02	58.41	59.49	60.09	59.25	75.99	74.33	75.43	71.78	83.87	93.53	91.58
Accounts Payable Turnover	9.38	8.5	8.56	8.01	7.72	7.62	7.62	8.89	7.21	7.13	6.51	6.97	6.73	6.19	6.56
Accounts Payable Turnover Days	38.9	42.95	42.62	45.56	47.3	47.89	47.88	41.07	50.6	51.21	56.1	52.4	54.24	58.92	55.66
Cash Conversion Cycle	23.19	42.34	44.23	43.22	41.08	41.33	38.53	40.51	52.55	52.28	54.58	50.09	59.05	62.31	61.57
Inventory to Cash Days	-29.08	-16.29	-19.13	-25.26	-28.44	-29.77	-33.77	-36.93	-48.83	-45.17	-40.18	-41.06	-54.45	-65.82	-65.93
Inventories	474	532	557	522	557	583	634	1,014	1,096	1,128	1,387	1,606	1,754	1,754	1,766
Raw Materials	190	211	220	209	241	271	319	485	538	524	665	873	951	993	1,017
Work In Process	41	51	49	53	50	74	74	102	123	133	194	218	201	209	202
Finished Goods	244	270	288	260	266	238	240	427	435	471	528	515	602	552	547
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	1,659	2,226	3,118	4,454	4,166	3,913	4,785	3,191	4,833	4,535	5,989	6,833	7,544	8,152	4,445
- Cash & Cash Equivalents	272	52	52	82	55	59	67	70	153	179	172	150	162	157	261
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	14	9	11	- -	- -	- -	- -	715	792	416	2	1	1	1	1
+ Total Debt	2,366	2,333	2,254	1,958	1,876	2,152	2,274	2,957	3,067	3,862	6,060	5,503	5,435	5,247	5,638
Enterprise Value	3,767	4,517	5,330	6,330	5,986	6,006	6,992	6,792	8,538	8,634	11,879	12,187	12,818	13,243	9,823
Total Capital	3,547	3,316	3,327	2,970	2,977	3,208	3,566	5,251	5,429	5,702	7,953	7,653	8,217	8,260	8,975
Total Debt/Capital (%)	66.69	70.36	67.73	65.92	63	67.07	63.78	56.31	56.49	67.73	76.2	71.91	66.14	63.52	62.82
Total Debt / EV	0.63	0.52	0.42	0.31	0.31	0.36	0.33	0.44	0.36	0.45	0.51	0.45	0.42	0.4	0.57
EV/Sales	0.9	1.04	1.19	1.49	1.44	1.4	1.59	1.13	1.39	1.32	1.66	1.29	1.36	1.5	1.14
EV/EBITDA	6.54	7.34	8.43	9.1	8.2	8.07	10.14	7.52	8.38	8.14	11.49	7.66	6.87	7.88	7.11
EV/EBIT	12.65	12.95	15.03	14.88	13.33	13.51	19.48	14.36	14.93	14.76	21.8	11.75	10.27	11.78	11.62
EV/Cash Flow to Firm	2.89	8.46	10.1	10.92	9.47	46.83	- -	- -	10.99	9.27	16.96	9.88	9.64	13.11	9.74
EV/Free Cash Flow to Firm	2.89	8.46	10.1	10.66	9.24	41.63	- -	- -	10.69	8.98	16.33	9.67	9.48	12.68	9.74
Diluted Market Cap	1,626	2,559	3,357	4,501	4,243	4,012	4,819	3,299	4,908	4,736	5,809	6,886	7,619	8,287	4,515
Diluted Enterprise Value	3,734	4,850	5,570	6,378	6,063	6,105	7,026	6,901	8,614	8,835	11,699	12,240	12,893	13,378	9,893
EV per Share	9.67	13.11	16.41	19.36	18.44	19.15	22.58	22.65	29.42	32.25	38.68	39.68	41.88	44.12	33.28
TTM Sales	4,206	4,337	4,478	4,240	4,160	4,298	4,406	6,029	6,160	6,560	7,156	9,440	9,428	8,807	8,617
TTM EBITDA	576	616	632	695	730	744	689	904	1,019	1,061	1,034	1,590	1,867	1,681	1,381
TTM Operating Income	298	349	355	425	449	444	359	473	572	585	545	1,037	1,248	1,124	845
TTM Cash Flow to Firm	1,302	534	528	580	632	128	-87	-270	777	932	701	1,234	1,329	1,011	1,008
TTM Free Cash Flow to Firm	1,302	534	528	594	648	144	-67	-253	799	962	728	1,261	1,352	1,045	1,008

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	4.19	5.46	7.33	8.32	7.02	44.58	-27.81	-9.23	7.13	5.54	9.13	6.17	6.53	9.48	5.37
EV/EBIT	12.65	12.95	15.03	14.88	13.33	13.51	19.48	14.36	14.93	14.76	21.8	11.75	10.27	11.78	11.62
Enterprise Value	3,767	4,517	5,330	6,330	5,986	6,006	6,992	6,792	8,538	8,634	11,879	12,187	12,818	13,243	9,823
Low Price	3.05	4.38	6.39	9.1	12.17	10.71	12	10.04	10.54	10.41	15.36	17.99	20.07	23.47	13.93
EV/Sales	0.9	1.04	1.19	1.49	1.44	1.4	1.59	1.13	1.39	1.32	1.66	1.29	1.36	1.5	1.14
EV/EBITDA	6.54	7.34	8.43	9.1	8.2	8.07	10.14	7.52	8.38	8.14	11.49	7.66	6.87	7.88	7.11
Price/Earnings	5.79	20.73	22.74	49.89	18.37	17.57	16.01	14.89	23.66	28.28	28.4	13.16	10.51	12.55	10.15
Price/Earnings Average	6.35	17.74	19.05	41.49	20.28	18.27	14.22	19.78	19.72	23.99	27.12	12.5	10.01	12.85	14.78
Price/Earnings High	7.98	21.47	22.81	51.62	23.11	20.69	16.43	23.43	24.08	28.5	31.4	14.24	11.75	14.18	19.29
Price/Earnings Low	4.14	14.05	15.14	33.34	17.43	15.07	12.44	14.05	14.97	17.38	22.37	10.64	8.56	10.84	9.39
Price/Book Value	1.42	2.29	2.93	4.4	3.78	3.7	3.7	2.02	3.08	3.18	3.17	3.18	2.71	2.71	1.33
Price/Book Value Average	1.56	1.96	2.46	3.66	4.17	3.85	3.29	2.68	2.57	2.7	3.02	3.02	2.58	2.77	1.94
Price/Book Value High	1.96	2.37	2.94	4.55	4.76	4.36	3.8	3.18	3.13	3.21	3.5	3.44	3.03	3.06	2.53
Price/Book Value Low	1.02	1.55	1.95	2.94	3.59	3.18	2.88	1.91	1.95	1.96	2.49	2.57	2.21	2.34	1.23
Price/Tangible Book Value	-3.29	-3.31	-5.88	-9.06	-9.2	-6.03	-10.23	-7.88	-12.55	-9.24	-6.04	-12.49	-53.13	23.16	7.4
Price/Tangible Book Value Average	-3.61	-2.84	-4.93	-7.54	-10.16	-6.27	-9.09	-10.47	-10.47	-7.84	-5.77	-11.86	-50.62	23.71	10.77
Price/Tangible Book Value High	-4.54	-3.43	-5.9	-9.38	-11.57	-7.1	-10.5	-12.4	-12.78	-9.31	-6.67	-13.51	-59.4	26.18	14.05
Price/Tangible Book Value Low	-2.36	-2.25	-3.91	-6.06	-8.73	-5.17	-7.95	-7.44	-7.95	-5.68	-4.76	-10.1	-43.26	20.01	6.84
Price/Sales	0.38	0.59	0.74	1.06	1.02	0.93	1.09	0.55	0.79	0.72	0.81	0.73	0.81	0.94	0.52
Price/Sales Average	0.42	0.5	0.62	0.88	1.12	0.97	0.97	0.73	0.66	0.61	0.77	0.69	0.77	0.96	0.76
Price/Sales High	0.53	0.61	0.75	1.09	1.28	1.1	1.12	0.86	0.81	0.73	0.9	0.79	0.9	1.06	0.99
Price/Sales Low	0.27	0.4	0.5	0.71	0.96	0.8	0.85	0.52	0.5	0.44	0.64	0.59	0.66	0.81	0.48
Price/Cash Flow	4.13	5.42	7.28	8.5	7.17	54.12	-24.97	-8.81	7.35	5.72	9.51	6.3	6.64	9.83	5.36
Price/Cash Flow Average	4.53	4.64	6.1	7.07	7.92	56.3	-22.17	-11.7	6.13	4.86	9.09	5.99	6.33	10.06	7.8
Price/Cash Flow High	5.7	5.62	7.3	8.79	9.03	63.75	-25.62	-13.86	7.48	5.77	10.52	6.82	7.42	11.11	10.19
Price/Cash Flow Low	2.96	3.68	4.85	5.68	6.81	46.44	-19.39	-8.31	4.65	3.52	7.49	5.1	5.41	8.49	4.96
Price/Free Cash Flow Average	4.6	4.67	6.14	6.92	7.75	46.37	-24.69	-12.26	5.95	4.7	8.72	5.85	6.22	9.71	7.82
Price/Free Cash Flow High	5.78	5.66	7.35	8.61	8.83	52.51	-28.53	-14.52	7.26	5.58	10.1	6.67	7.3	10.72	10.2
Price/Free Cash Flow Low	3	3.7	4.88	5.56	6.66	38.26	-21.6	-8.71	4.52	3.4	7.19	4.98	5.32	8.19	4.97
EV/Sales Average	0.93	0.97	1.08	1.32	1.54	1.43	1.47	1.3	1.26	1.21	1.62	1.25	1.32	1.53	1.38
EV/Sales High	1.04	1.06	1.19	1.53	1.7	1.56	1.62	1.43	1.4	1.32	1.75	1.35	1.45	1.62	1.6
EV/Sales Low	0.78	0.88	0.96	1.14	1.39	1.27	1.34	1.1	1.1	1.05	1.48	1.15	1.21	1.38	1.1
EV/EBITDA Average	6.82	6.82	7.63	8.02	8.8	8.29	9.37	8.68	7.59	7.49	11.23	7.45	6.68	7.99	8.58
EV/EBITDA High	7.63	7.47	8.45	9.32	9.68	9.01	10.32	9.54	8.46	8.17	12.1	8.02	7.34	8.51	10.01
EV/EBITDA Low	5.72	6.17	6.78	6.98	7.91	7.33	8.59	7.32	6.64	6.49	10.26	6.84	6.11	7.22	6.87
EV/EBIT Average	13.19	12.03	13.6	13.12	14.29	13.87	17.98	16.57	13.52	13.58	21.3	11.42	9.99	11.95	14.02
EV/EBIT High	14.75	13.18	15.06	15.24	15.72	15.08	19.82	18.22	15.08	14.82	22.96	12.29	10.98	12.73	16.36
EV/EBIT Low	11.07	10.89	12.09	11.41	12.85	12.26	16.5	13.98	11.83	11.77	19.46	10.49	9.15	10.8	11.23
Last Price	4.26	6.46	9.6	13.62	12.83	12.48	15.45	10.64	16.65	16.94	19.5	22.25	24.65	27.16	15.06
High Price	5.87	6.69	9.63	14.09	16.14	14.7	15.85	16.74	16.95	17.07	21.56	24.07	27.56	30.7	28.62
Enterprise Value Average	3,928	4,196	4,824	5,580	6,419	6,163	6,456	7,840	7,735	7,947	11,609	11,843	12,463	13,437	11,849
Enterprise Value High	4,394	4,596	5,340	6,484	7,061	6,702	7,116	8,622	8,625	8,669	12,511	12,746	13,709	14,306	13,825
Enterprise Value Low	3,295	3,800	4,288	4,852	5,772	5,451	5,924	6,612	6,765	6,886	10,607	10,879	11,417	12,136	9,489

Shares Outstanding	389	345	325	327	325	314	310	300	290	268	307	307	306	300	295
Diluted Weighted Avg Shares	382	396	350	330	331	322	312	310	295	280	298	310	309	305	300
Basic Weighted Avg Shares	376	393	347	329	330	321	311	310	294	279	297	309	308	304	299
Revenue per Share	11.18	11.02	12.89	12.9	12.63	13.39	14.16	19.48	20.95	23.53	24.09	30.57	30.59	28.97	28.79
EBITDA per Share	1.53	1.56	1.82	2.12	2.21	2.32	2.22	2.92	3.46	3.81	3.48	5.15	6.06	5.53	4.61
Operating Income per Share	0.79	0.89	1.02	1.29	1.36	1.39	1.15	1.53	1.94	2.1	1.83	3.36	4.05	3.7	2.82
Basic EPS, GAAP	0.74	0.31	0.42	0.27	0.7	0.71	0.96	0.71	0.7	0.6	0.69	1.69	2.35	2.16	1.48
Basic EPS from Cont Ops	0.73	0.31	0.42	0.27	0.7	0.71	0.96	0.95	0.95	0.73	0.73	1.69	2.35	2.16	1.48
Diluted EPS, GAAP	0.73	0.31	0.42	0.27	0.7	0.71	0.96	0.71	0.7	0.6	0.68	1.69	2.34	2.16	1.48
Diluted EPS from Cont Ops	0.72	0.3	0.42	0.27	0.7	0.71	0.96	0.95	0.94	0.73	0.73	1.69	2.34	2.16	1.48
Dividend per Share	- -	- -	- -	- -	0.15	0.2	0.3	0.36	0.38	0.37	0.31	0.3	0.4	0.4	0.43
Cash Flow per Share	1.03	1.19	1.32	1.6	1.79	0.23	-0.62	-1.21	2.26	2.96	2.05	3.53	3.71	2.76	2.81
Free Cash Flow per Basic Share	1.03	1.19	1.32	1.56	1.74	0.18	-0.68	-1.26	2.19	2.85	1.96	3.44	3.64	2.65	2.81
Cash & Equivalents per Share	0.7	0.15	0.16	0.25	0.17	0.19	0.22	0.24	0.53	0.67	0.56	0.49	0.53	0.52	0.88
Book Value per Share	3	2.83	3.27	3.1	3.39	3.37	4.17	5.27	5.41	5.32	6.16	7	9.09	10.03	11.3
Tangible Book Value per Share	-1.29	-1.95	-1.63	-1.5	-1.39	-2.07	-1.51	-1.35	-1.33	-1.83	-3.23	-1.78	-0.46	1.17	2.04

Graphic Packaging Holding Company

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)