Recent News
On July 8, 2025 Aptar announced a new dual-active material science technology engineered to control moisture and oxygen simultaneously for pharmaceutical drugs and medical devices, extending its Activ-Polymer™ platform into broader stability use cases. On July 10, 2025 Aptar declared a quarterly cash dividend of $0.45 per share, payable August 14, 2025 to holders of record July 24, 2025; the company scheduled its Q2 2025 conference call for August 1, 2025.
Technical Analysis
Directional strength: ADX at 27.71 signals a strong trend environment while DI+ has conducted a dip-and-reverse and DI- a peak-and-reverse; both directional readings point toward short-term bullish momentum relative to recent price action.
MACD: MACD sits at -2.11 with a dip-and-reverse pattern and currently trades above its signal line (-2.45), indicating bullish momentum has started to develop despite negative absolute MACD values.
MRO (Momentum/Regression Oscillator): MRO at -25.1 indicates price sits below WMDST’s target and therefore carries upside potential; the dip-and-reverse in MRO supports an expected convergence toward that target in the near term.
RSI: RSI at 38.76 with a dip-and-reverse points to improving momentum from a lower base; momentum recovery may accelerate if RSI moves through neutral territory.
Price vs. averages and cloud: Last close $133.18 sits below the 200-day average ($148.61) and the 50-day average ($139.78), signaling medium-term underperformance, while the 12-day EMA (price12dayEMA $133.49) shows a dip-and-reverse consistent with short-term recovery attempts. Ichimoku Senkou A ($145.12) and Senkou B ($150.36) remain above price, indicating the cloud keeps a restraint on sustained advances.
Bands, volatility and volume: Price trades inside the Bollinger 1x band (lower $131.75 / upper $134.85) near the lower band, implying limited downside room in the immediate session; 10-day volume sits modestly below its 10- and 50-day averages, so conviction behind moves remains moderate. SuperTrend upper boundary at $136.63 offers a nearby technical resistance level to monitor.
Fundamental Analysis
Profitability and margins: EBIT $150,564,000 and EBITDA $220,468,000. EBIT margin at 15.59% improved QoQ (up 17.84%) and YoY (up 10.55%), and stands above the industry peer range (industry peer high ~12.58%), indicating stronger operating profitability versus peers.
Revenue and earnings: Total revenue $966,009,000 with YoY revenue growth reported at -16.09% and QoQ revenue growth at 91.83%; net income $111,720,000. EPS actual $1.66 versus estimate $1.59, producing an EPS surprise of +4.40%.
Cash generation and liquidity: Operating cash flow $125,958,000 and free cash flow $61,002,000 produce a free cash flow yield of 0.63%; cash conversion metrics and a cash flow-to-earnings ratio of 71.79% demonstrate material cash backing of reported earnings, while the cash ratio sits near 12.40% and the quick ratio at 0.83.
Leverage and coverage: Total debt $1,136,237,000 with net debt $924,849,000. Debt-to-assets 23.35% and debt-to-equity 42.08% lie below the industry peer means, while interest coverage 13.88x remains well above the industry peer mean, indicating a conservative leverage posture and strong ability to service interest.
Efficiency and returns: Asset turnover 0.2057 modestly exceeds the industry peer mean, and return on equity registers 4.14% with return on assets 2.38%; ROE sits below the industry peer mean but within the broader peer range. Inventory and receivables turnover show modest movement QoQ.
Valuation multiples: Price-to-earnings stands at 93.34x, price-to-book 3.59x, price-to-sales 10.03x, forward PE ~102.63x and enterprise multiple ~48.33x. WMDST values the stock as over-valued, reflecting these elevated multiples versus expected cash conversion and return metrics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-31 |
| NEXT REPORT DATE: | 2025-10-31 |
| CASH FLOW | Begin Period Cash Flow | $ 125.8 M |
| Operating Cash Flow | $ 126.0 M | |
| Capital Expenditures | $ -64.96 M | |
| Change In Working Capital | $ -43.90 M | |
| Dividends Paid | $ -29.72 M | |
| Cash Flow Delta | $ 35.9 M | |
| End Period Cash Flow | $ 161.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 966.0 M | |
| Forward Revenue | $ 210.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 599.0 M | |
| Depreciation | $ 58.8 M | |
| Depreciation and Amortization | $ 69.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 820.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 367.0 M | |
| EBITDA | $ 220.5 M | |
| EBIT | $ 150.6 M | |
| Operating Income | $ 146.0 M | |
| Interest Income | $ 1.9 M | |
| Interest Expense | $ 10.8 M | |
| Net Interest Income | $ -8.97 M | |
| Income Before Tax | $ 139.7 M | |
| Tax Provision | $ 28.0 M | |
| Tax Rate | 20.0 % | |
| Net Income | $ 111.7 M | |
| Net Income From Continuing Operations | $ 111.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.59 | |
| EPS Actual | $ 1.66 | |
| EPS Difference | $ 0.07 | |
| EPS Surprise | 4.403 % | |
| Forward EPS | $ 1.48 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 4.9 B | |
| Intangible Assets | $ 1.2 B | |
| Net Tangible Assets | $ 1.5 B | |
| Total Current Assets | $ 1.7 B | |
| Cash and Short-Term Investments | $ 169.8 M | |
| Cash | $ 161.7 M | |
| Net Receivables | $ 800.2 M | |
| Inventory | $ 527.4 M | |
| Long-Term Investments | $ 150.3 M | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 551.5 M | |
| Total Current Liabilities | $ 1.4 B | |
| Net Debt | $ 924.8 M | |
| Total Debt | $ 1.1 B | |
| Total Liabilities | $ 2.1 B | |
| EQUITY | ||
| Total Equity | $ 2.7 B | |
| Retained Earnings | $ 2.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 41.04 | |
| Shares Outstanding | 65.800 M | |
| Revenue Per-Share | $ 14.68 | |
| VALUATION | Market Capitalization | $ 9.7 B |
| Enterprise Value | $ 10.7 B | |
| Enterprise Multiple | 48.332 | |
| Enterprise Multiple QoQ | -17.209 % | |
| Enterprise Multiple YoY | -3.072 % | |
| Enterprise Multiple IPRWA | ATR: 48.332 high: 42.857 median: 41.489 mean: 38.156 low: 32.485 |
|
| EV/R | 11.031 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.802 | |
| Asset To Liability | 2.266 | |
| Debt To Capital | 0.296 | |
| Debt To Assets | 0.234 | |
| Debt To Assets QoQ | -0.013 % | |
| Debt To Assets YoY | 156.328 % | |
| Debt To Assets IPRWA | high: 0.537 median: 0.463 mean: 0.442 low: 0.378 ATR: 0.234 |
|
| Debt To Equity | 0.421 | |
| Debt To Equity QoQ | 0.986 % | |
| Debt To Equity YoY | 148.559 % | |
| Debt To Equity IPRWA | high: 2.319 mean: 1.814 median: 1.759 low: 1.35 ATR: 0.421 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.588 | |
| Price To Book QoQ | -6.735 % | |
| Price To Book YoY | -9.054 % | |
| Price To Book IPRWA | high: 4.04 ATR: 3.588 mean: 2.869 median: 2.856 low: 1.393 |
|
| Price To Earnings (P/E) | 93.343 | |
| Price To Earnings QoQ | -24.32 % | |
| Price To Earnings YoY | -10.334 % | |
| Price To Earnings IPRWA | ATR: 93.343 high: 73.755 mean: 56.227 median: 53.885 low: 33.16 |
|
| PE/G Ratio | 2.435 | |
| Price To Sales (P/S) | 10.03 | |
| Price To Sales QoQ | -8.845 % | |
| Price To Sales YoY | -3.464 % | |
| Price To Sales IPRWA | ATR: 10.03 high: 4.454 median: 3.709 mean: 3.692 low: 2.306 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 102.631 | |
| Forward PE/G | 2.677 | |
| Forward P/S | 45.949 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.189 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.206 | |
| Asset Turnover Ratio QoQ | 3.852 % | |
| Asset Turnover Ratio YoY | 0.474 % | |
| Asset Turnover Ratio IPRWA | high: 0.222 ATR: 0.206 mean: 0.191 median: 0.182 low: 0.155 |
|
| Receivables Turnover | 1.252 | |
| Receivables Turnover Ratio QoQ | -1.161 % | |
| Receivables Turnover Ratio YoY | 0.565 % | |
| Receivables Turnover Ratio IPRWA | high: 2.929 mean: 2.158 median: 1.996 low: 1.365 ATR: 1.252 |
|
| Inventory Turnover | 1.185 | |
| Inventory Turnover Ratio QoQ | 1.675 % | |
| Inventory Turnover Ratio YoY | 2.481 % | |
| Inventory Turnover Ratio IPRWA | high: 2.516 median: 1.544 mean: 1.543 ATR: 1.185 low: 1.072 |
|
| Days Sales Outstanding (DSO) | 72.873 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 3.284 | |
| CapEx To Revenue | -0.067 | |
| CapEx To Depreciation | -1.104 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.2 B | |
| Net Invested Capital | $ 3.8 B | |
| Invested Capital | $ 3.8 B | |
| Net Tangible Assets | $ 1.5 B | |
| Net Working Capital | $ 294.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.124 | |
| Current Ratio | 1.215 | |
| Current Ratio QoQ | -2.922 % | |
| Current Ratio YoY | -10.953 % | |
| Current Ratio IPRWA | high: 1.266 ATR: 1.215 mean: 1.063 median: 0.999 low: 0.96 |
|
| Quick Ratio | 0.83 | |
| Quick Ratio QoQ | -2.538 % | |
| Quick Ratio YoY | -12.623 % | |
| Quick Ratio IPRWA | high: 0.955 ATR: 0.83 mean: 0.69 median: 0.669 low: 0.558 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.154 | |
| Cost Of Debt | 0.791 % | |
| Interest Coverage Ratio | 13.877 | |
| Interest Coverage Ratio QoQ | 34.209 % | |
| Interest Coverage Ratio YoY | 8.813 % | |
| Interest Coverage Ratio IPRWA | ATR: 13.877 high: 4.309 median: 3.845 mean: 3.792 low: 2.645 |
|
| Operating Cash Flow Ratio | 0.059 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.759 | |
| Dividend Payout Ratio | 0.266 | |
| Dividend Rate | $ 0.45 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 7.473 % | |
| Revenue Growth | 8.87 % | |
| Revenue Growth QoQ | 91.825 % | |
| Revenue Growth YoY | -1608.503 % | |
| Revenue Growth IPRWA | high: 11.772 % ATR: 8.87 % mean: 8.369 % median: 7.782 % low: 4.943 % |
|
| Earnings Growth | 38.333 % | |
| Earnings Growth QoQ | -282.079 % | |
| Earnings Growth YoY | 339.095 % | |
| Earnings Growth IPRWA | high: 205.128 % mean: 52.86 % ATR: 38.333 % median: 23.171 % low: 20.635 % |
|
| MARGINS | ||
| Gross Margin | 37.993 % | |
| Gross Margin QoQ | 0.208 % | |
| Gross Margin YoY | 0.916 % | |
| Gross Margin IPRWA | ATR: 37.993 % high: 23.057 % mean: 20.872 % median: 19.432 % low: 19.413 % |
|
| EBIT Margin | 15.586 % | |
| EBIT Margin QoQ | 17.835 % | |
| EBIT Margin YoY | 10.547 % | |
| EBIT Margin IPRWA | ATR: 15.586 % high: 12.575 % mean: 10.811 % median: 10.455 % low: 8.573 % |
|
| Return On Sales (ROS) | 15.111 % | |
| Return On Sales QoQ | 14.244 % | |
| Return On Sales YoY | 7.178 % | |
| Return On Sales IPRWA | ATR: 15.111 % high: 13.909 % mean: 11.472 % median: 10.665 % low: 8.573 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 61.0 M | |
| Free Cash Flow Yield | 0.63 % | |
| Free Cash Flow Yield QoQ | 162.5 % | |
| Free Cash Flow Yield YoY | -20.954 % | |
| Free Cash Flow Yield IPRWA | high: 3.365 % median: 1.587 % mean: 1.361 % ATR: 0.63 % low: -5.481 % |
|
| Free Cash Growth | 160.637 % | |
| Free Cash Growth QoQ | -305.234 % | |
| Free Cash Growth YoY | -54.377 % | |
| Free Cash Growth IPRWA | ATR: 160.637 % high: -61.606 % median: -131.635 % mean: -732.714 % low: -2168.421 % |
|
| Free Cash To Net Income | 0.546 | |
| Cash Flow Margin | 8.302 % | |
| Cash Flow To Earnings | 0.718 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.379 % | |
| Return On Assets QoQ | 35.247 % | |
| Return On Assets YoY | 16.904 % | |
| Return On Assets IPRWA | high: 4.003 % ATR: 2.379 % mean: 1.456 % median: 1.157 % low: 0.709 % |
|
| Return On Capital Employed (ROCE) | 4.306 % | |
| Return On Equity (ROE) | 0.041 | |
| Return On Equity QoQ | 33.269 % | |
| Return On Equity YoY | 9.616 % | |
| Return On Equity IPRWA | high: 0.152 mean: 0.058 ATR: 0.041 median: 0.041 low: 0.022 |
|
| DuPont ROE | 4.266 % | |
| Return On Invested Capital (ROIC) | 3.18 % | |
| Return On Invested Capital QoQ | 29.426 % | |
| Return On Invested Capital YoY | -94.109 % | |
| Return On Invested Capital IPRWA | ATR: 3.18 % high: 3.098 % mean: 2.239 % median: 2.204 % low: 1.233 % |
|