Recent News
On March 20th reports indicated Silgan signalled interest in Germany’s Gerresheimer, initiating adviser-led outreach; on April 17th sources reported Gerresheimer rejected a takeover approach. On May 12th the board declared a quarterly cash dividend of $0.21 per share, payable June 15, 2026. The company’s proxy materials for the May 26, 2026 annual meeting outlined votes on director elections, an amendment to the 2004 Stock Incentive Plan and a say-on-pay advisory vote.
Technical Analysis
Directional strength (ADX 23.38) registers as an emerging trend, which supports the near-term stabilization narrative while signaling that momentum has room to develop further toward a clearer directional move.
Directional indicators show bullish pressure: DI+ registered a dip-and-reversal and DI- registered a peak-and-reversal, both patterns that align with increasing upside bias and support the introduction of buy-side pressure into short-term price action.
MACD stands slightly negative at -0.03 but the MACD line has turned increasing and sits above the signal line (-0.47), a classic bullish momentum signal that suggests negative momentum has begun to abate and short-term momentum now favors upside continuation.
MRO shows a dip-and-reversal at -16.78, indicating the price sits below target and the oscillator’s recent reversal implies potential mean reversion pressure toward the target level; that supports a constructive near-term outlook versus the current valuation headwinds.
RSI at 47.06 with a dip-and-reversal character indicates neutral-to-modestly constructive internals; momentum shows room to expand before reaching overbought territory and therefore can support a stabilization or recovery phase.
Price sits near short-term averages: the close at $40.91 trades above the 20-day average ($37.79) and near the 12/26-day EMAs (~$38.4), while remaining below the 200-day average ($41.20). That configuration implies near-term support from short-term averages but medium-term resistance near the longer-term mean, limiting the pace of any advance.
Fundamental Analysis
Profitability: EBIT stands at $125,578,000 and EBIT margin equals 8.04%, which trails the industry peer mean of 9.02% and median of 9.33%. QoQ EBIT margin improved by 16.80%, while YoY EBIT margin declined by 9.64%, signaling quarter-to-quarter recovery inside a year-over-year margin contraction.
Top-line and earnings: total revenue equals $1,561,258,000 with YoY revenue growth of 60.45%. Reported EPS of $0.78 beat the estimate of $0.74, producing an EPS surprise of 5.41% versus consensus. Forward EPS stands at $1.02 with a forward P/E near 42.10x, reflecting muted near-term earnings expansion priced into forward multiples.
Cash flow and liquidity: operating cash flow shows a seasonal outflow at $-799,573,000 and free cash flow totaled $-882,017,000, producing a free cash flow yield of -20.01%. The cash conversion cycle of 56.3 days sits near the high end of the industry peer range (industry peer high ~55.75 days), underscoring material working-capital absorption during the period. Current and quick ratios sit at 1.26 and 0.78 respectively, with the current ratio above the industry peer mean of 1.11, providing some near-term liquidity cushion despite negative operating cash flow.
Leverage and coverage: total debt equals $4,660,447,000 with net debt near $4,225,018,000. Debt-to-EBITDA registers at ~22.14x and debt-to-equity at ~2.01x, which sits above the industry peer mean of ~1.55x; interest coverage stands at 3.03x. Those metrics indicate elevated leverage and constrained interest-coverage capacity relative to typical peers.
Margins and returns: gross margin at 17.02% falls below the industry peer mean of 19.42%; operating margin sits at 8.69%, near the peer mean band but slightly lower than peer averages. Return on equity equals 2.72%, below the industry peer mean of 3.81%, reflecting modest capital returns amid elevated leverage.
Valuation: WMDST values the stock as over-valued. That conclusion ties directly to a negative free cash flow yield (-20.01%), large negative operating cash flow in the period, and elevated leverage (debt/EBITDA ~22.14x) that compresses the margin for error despite a P/E below the industry peer mean. Enterprise multiple near 41.01x sits slightly below the industry peer mean but does not offset cash-flow and leverage concerns identified above.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-29 |
| NEXT REPORT DATE: | 2026-07-29 |
| CASH FLOW | Begin Period Cash Flow | $ 1.1 B |
| Operating Cash Flow | $ -799.57 M | |
| Capital Expenditures | $ -82.44 M | |
| Change In Working Capital | $ -964.94 M | |
| Dividends Paid | $ -22.85 M | |
| Cash Flow Delta | $ -645.23 M | |
| End Period Cash Flow | $ 435.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.6 B | |
| Forward Revenue | $ 668.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.3 B | |
| Depreciation | $ 84.9 M | |
| Depreciation and Amortization | $ 84.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 265.8 M | |
| EBITDA | $ 210.5 M | |
| EBIT | $ 125.6 M | |
| Operating Income | $ 135.6 M | |
| Interest Income | — | |
| Interest Expense | $ 41.4 M | |
| Net Interest Income | $ -41.43 M | |
| Income Before Tax | $ 84.1 M | |
| Tax Provision | $ 22.3 M | |
| Tax Rate | 26.5 % | |
| Net Income | $ 63.0 M | |
| Net Income From Continuing Operations | $ 63.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.74 | |
| EPS Actual | $ 0.78 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 5.405 % | |
| Forward EPS | $ 1.02 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 9.3 B | |
| Intangible Assets | $ 3.3 B | |
| Net Tangible Assets | $ -1.02 B | |
| Total Current Assets | $ 3.0 B | |
| Cash and Short-Term Investments | $ 435.4 M | |
| Cash | $ 435.4 M | |
| Net Receivables | $ 1.2 B | |
| Inventory | $ 1.1 B | |
| Long-Term Investments | $ 656.5 M | |
| LIABILITIES | ||
| Accounts Payable | $ 817.0 M | |
| Short-Term Debt | $ 988.3 M | |
| Total Current Liabilities | $ 2.4 B | |
| Net Debt | $ 4.2 B | |
| Total Debt | $ 4.7 B | |
| Total Liabilities | $ 7.0 B | |
| EQUITY | ||
| Total Equity | $ 2.3 B | |
| Retained Earnings | $ 3.6 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 21.96 | |
| Shares Outstanding | 105.680 M | |
| Revenue Per-Share | $ 14.77 | |
| VALUATION | Market Capitalization | $ 4.4 B |
| Enterprise Value | $ 8.6 B | |
| Enterprise Multiple | 41.008 | |
| Enterprise Multiple QoQ | -2.772 % | |
| Enterprise Multiple YoY | -11.485 % | |
| Enterprise Multiple IPRWA | high: 54.307 median: 47.054 mean: 43.358 SLGN: 41.008 low: 35.912 |
|
| EV/R | 5.529 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.017 | |
| Asset To Liability | 1.331 | |
| Debt To Capital | 0.668 | |
| Debt To Assets | 0.5 | |
| Debt To Assets QoQ | 8.077 % | |
| Debt To Assets YoY | -5.297 % | |
| Debt To Assets IPRWA | SLGN: 0.5 high: 0.452 mean: 0.401 median: 0.395 low: 0.216 |
|
| Debt To Equity | 2.008 | |
| Debt To Equity QoQ | 5.076 % | |
| Debt To Equity YoY | -9.605 % | |
| Debt To Equity IPRWA | high: 2.217 SLGN: 2.008 mean: 1.55 median: 1.394 low: 0.411 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.899 | |
| Price To Book QoQ | -2.132 % | |
| Price To Book YoY | -27.384 % | |
| Price To Book IPRWA | high: 4.016 median: 2.896 mean: 2.883 SLGN: 1.899 low: 1.329 |
|
| Price To Earnings (P/E) | 53.47 | |
| Price To Earnings QoQ | -14.416 % | |
| Price To Earnings YoY | -13.911 % | |
| Price To Earnings IPRWA | high: 79.116 mean: 68.618 median: 67.197 SLGN: 53.47 low: 43.834 |
|
| PE/G Ratio | 3.257 | |
| Price To Sales (P/S) | 2.823 | |
| Price To Sales QoQ | -6.066 % | |
| Price To Sales YoY | -24.016 % | |
| Price To Sales IPRWA | high: 4.5 mean: 3.927 median: 3.645 low: 3.102 SLGN: 2.823 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 42.102 | |
| Forward PE/G | 2.564 | |
| Forward P/S | 6.598 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.831 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.167 | |
| Asset Turnover Ratio QoQ | 7.308 % | |
| Asset Turnover Ratio YoY | -1.319 % | |
| Asset Turnover Ratio IPRWA | high: 0.228 mean: 0.194 median: 0.183 SLGN: 0.167 low: 0.151 |
|
| Receivables Turnover | 1.786 | |
| Receivables Turnover Ratio QoQ | 27.237 % | |
| Receivables Turnover Ratio YoY | -2.137 % | |
| Receivables Turnover Ratio IPRWA | high: 3.075 mean: 2.442 median: 2.343 SLGN: 1.786 low: 1.639 |
|
| Inventory Turnover | 1.173 | |
| Inventory Turnover Ratio QoQ | 1.411 % | |
| Inventory Turnover Ratio YoY | -2.764 % | |
| Inventory Turnover Ratio IPRWA | high: 2.396 mean: 1.529 median: 1.396 SLGN: 1.173 low: 1.139 |
|
| Days Sales Outstanding (DSO) | 51.085 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 56.336 | |
| Cash Conversion Cycle Days QoQ | -13.294 % | |
| Cash Conversion Cycle Days YoY | 1.977 % | |
| Cash Conversion Cycle Days IPRWA | SLGN: 56.336 high: 55.748 mean: -2.677 median: -7.339 low: -29.152 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.564 | |
| CapEx To Revenue | -0.053 | |
| CapEx To Depreciation | -0.971 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 6.0 B | |
| Net Invested Capital | $ 7.0 B | |
| Invested Capital | $ 7.0 B | |
| Net Tangible Assets | $ -1.02 B | |
| Net Working Capital | $ 609.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.185 | |
| Current Ratio | 1.258 | |
| Current Ratio QoQ | 3.117 % | |
| Current Ratio YoY | 10.708 % | |
| Current Ratio IPRWA | high: 1.275 SLGN: 1.258 median: 1.119 mean: 1.113 low: 0.964 |
|
| Quick Ratio | 0.78 | |
| Quick Ratio QoQ | -0.023 % | |
| Quick Ratio YoY | 15.52 % | |
| Quick Ratio IPRWA | high: 0.998 SLGN: 0.78 median: 0.719 mean: 0.716 low: 0.536 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 22.139 | |
| Cost Of Debt | 0.812 % | |
| Interest Coverage Ratio | 3.031 | |
| Interest Coverage Ratio QoQ | 43.102 % | |
| Interest Coverage Ratio YoY | -0.331 % | |
| Interest Coverage Ratio IPRWA | high: 4.308 median: 3.835 mean: 3.816 SLGN: 3.031 low: 2.718 |
|
| Operating Cash Flow Ratio | -0.384 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 77.632 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 2.759 | |
| Dividend Payout Ratio | 0.362 | |
| Dividend Rate | $ 0.22 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.796 % | |
| Revenue Growth | 6.309 % | |
| Revenue Growth QoQ | -123.463 % | |
| Revenue Growth YoY | 60.453 % | |
| Revenue Growth IPRWA | high: 7.841 % median: 7.649 % SLGN: 6.309 % mean: 4.784 % low: -5.177 % |
|
| Earnings Growth | 16.418 % | |
| Earnings Growth QoQ | -144.624 % | |
| Earnings Growth YoY | -565.231 % | |
| Earnings Growth IPRWA | high: 129.167 % SLGN: 16.418 % mean: 5.634 % median: -10.345 % low: -15.385 % |
|
| MARGINS | ||
| Gross Margin | 17.023 % | |
| Gross Margin QoQ | -1.058 % | |
| Gross Margin YoY | -7.669 % | |
| Gross Margin IPRWA | high: 23.024 % median: 19.761 % mean: 19.424 % low: 17.93 % SLGN: 17.023 % |
|
| EBIT Margin | 8.043 % | |
| EBIT Margin QoQ | 16.802 % | |
| EBIT Margin YoY | -9.639 % | |
| EBIT Margin IPRWA | high: 11.415 % median: 9.326 % mean: 9.019 % SLGN: 8.043 % low: 2.964 % |
|
| Return On Sales (ROS) | 8.688 % | |
| Return On Sales QoQ | -5.318 % | |
| Return On Sales YoY | -2.393 % | |
| Return On Sales IPRWA | high: 11.261 % mean: 9.407 % median: 9.353 % SLGN: 8.688 % low: 5.155 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -882.02 M | |
| Free Cash Flow Yield | -20.011 % | |
| Free Cash Flow Yield QoQ | -172.247 % | |
| Free Cash Flow Yield YoY | 42.295 % | |
| Free Cash Flow Yield IPRWA | high: 1.529 % mean: -3.913 % median: -5.785 % low: -8.268 % SLGN: -20.011 % |
|
| Free Cash Growth | -172.148 % | |
| Free Cash Growth QoQ | -146.681 % | |
| Free Cash Growth YoY | -8.719 % | |
| Free Cash Growth IPRWA | high: -155.294 % SLGN: -172.148 % mean: -186.664 % median: -190.106 % low: -233.429 % |
|
| Free Cash To Net Income | -13.992 | |
| Cash Flow Margin | -57.952 % | |
| Cash Flow To Earnings | -14.353 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.674 % | |
| Return On Assets QoQ | 249.223 % | |
| Return On Assets YoY | -13.921 % | |
| Return On Assets IPRWA | high: 1.225 % median: 1.043 % mean: 0.953 % SLGN: 0.674 % low: 0.227 % |
|
| Return On Capital Employed (ROCE) | 1.803 % | |
| Return On Equity (ROE) | 0.027 | |
| Return On Equity QoQ | 239.5 % | |
| Return On Equity YoY | -16.738 % | |
| Return On Equity IPRWA | high: 0.06 mean: 0.038 median: 0.037 SLGN: 0.027 low: 0.004 |
|
| DuPont ROE | 2.744 % | |
| Return On Invested Capital (ROIC) | 1.322 % | |
| Return On Invested Capital QoQ | 9.528 % | |
| Return On Invested Capital YoY | -10.856 % | |
| Return On Invested Capital IPRWA | high: 3.023 % mean: 2.032 % median: 1.904 % SLGN: 1.322 % low: 0.587 % |
|