A Business at a Glance
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Magnera Corp
MAGN
$488M
Mkt Cap
$13.71
+3.39%
Magnera Corp (MAGN) has a 5-year average return on invested capital (ROIC) of -5.4%. This is below average and may indicate limited pricing power.
Magnera Corp (MAGN) has a market capitalization of $491M. It is classified as a small-cap stock.
Magnera Corp (MAGN) does not currently pay a regular dividend.
Magnera Corp (MAGN) operates in the Paper Mills industry, within the Materials sector.
Magnera Corp (MAGN) reported annual revenue of $3.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Magnera Corp (MAGN) has a net profit margin of -5.0%. The company is currently unprofitable.
Magnera Corp (MAGN) generated $36 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
(In millions of dollars, except as otherwise noted) The Company is a leading global supplier of a diverse portfolio of innovative specialty materials comprised of organic and synthetic raw ingredients. We market our products predominantly into stable, consumer-oriented end markets for disposable and durable applications. End user examples include wipes, healthcare, adult incontinence, apparel, baby, feminine care, air filtration, and food and beverage. We also provide technical solutions in infrastructure markets. Our customers include a mix of leading global and national brands, private label, and small to mid-sized regional businesses. On November 4, 2024 (the “Closing Date”), Treasure Holdco, Inc. (“Treasure”), which was a wholly owned subsidiary of Berry Global Group, Inc. (“Berry”), completed its merger (the “Transaction”) with the Glatfelter Corporation (“GLT” or “Glatfelter”) which concurrently changed its name to Magnera Corporation (the “Company,” “we,” or “Magnera”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.3B | 3.2B | 2.2B | 2.3B | 1.5B | 1.1B |
| Net Income | -110M | -159M | -154M | 38M | -194M | 6.9M |
| EPS | $-3.08 | $-4.47 | $-4.84 | $1.19 | $-56.29 | $1.95 |
| Free Cash Flow | 128M | 36M | 120M | 169M | -79M | 41M |
| ROIC | 1.6% | - | -9.5% | 3.9% | -17.5% | 1.5% |
| Gross Margin | - | 10.5% | 10.8% | 5.7% | 10.0% | 13.3% |
| Debt/Equity | 1.83 | 1.83 | 0.02 | 3.37 | 2.66 | 1.45 |
| Dividends/Share | $0.00 | - | - | $0.00 | $3.64 | $7.22 |
| Operating Income | 54M | - | -141M | 69M | -164M | 29M |
| Operating Margin | 1.7% | - | -6.4% | 3.0% | -11.0% | 2.6% |
| ROE | -10.6% | -9.9% | -12.9% | 13.2% | -61.1% | 1.3% |
| Shares Outstanding | 36M | 36M | 32M | 32M | 3M | 4M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.8B | 1.7B | 1.6B | 1.6B | 866M | 928M | 916M | 1.1B | 1.5B | 2.3B | 2.2B | 3.2B | 3.3B |
| Gross Margin | 13.0% | 12.2% | 8.2% | 9.0% | 15.1% | 15.9% | 16.1% | 13.3% | 10.0% | 5.7% | 10.8% | 10.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 15M | 13M | 20M | 20M |
| SG&A | 133M | 128M | 153M | 111M | 112M | 95M | 100M | 121M | 125M | 110M | 107M | 190M | 199M |
| EBIT | 107M | 96M | -22M | 33M | 22M | 55M | 49M | 29M | -164M | 69M | -141M | N/A | 54M |
| Op. Margin | 5.9% | 5.8% | -1.3% | 2.1% | 2.5% | 5.9% | 5.4% | 2.6% | -11.0% | 3.0% | -6.4% | N/A | 1.7% |
| Net Income | 69M | 65M | 22M | 7.9M | -178M | -22M | 21M | 6.9M | -194M | 38M | -154M | -159M | -110M |
| Net Margin | 3.8% | 3.9% | 1.3% | 0.5% | -20.5% | -2.3% | 2.3% | 0.6% | -13.0% | 1.7% | -7.0% | -5.0% | -3.4% |
| Non-Recurring | 8.1M | 21M | -116K | 197K | 3.3M | 2.1M | 3.2M | 5.4M | 193M | 24M | 201M | 89M | 72M |
| Returns on Capital | |||||||||||||
| ROIC | 8.6% | 8.5% | 2.1% | 2.0% | 1.8% | 8.0% | 4.6% | 1.5% | -17.5% | 3.9% | -9.5% | N/A | 1.6% |
| ROE | 10.4% | 9.8% | 3.3% | 1.2% | -33.0% | -3.9% | 3.7% | 1.3% | -61.1% | 13.2% | -12.9% | -9.9% | -10.6% |
| ROA | 4.3% | 4.2% | 1.4% | 0.5% | -13.3% | -1.7% | 1.7% | 0.4% | -11.8% | 2.4% | -7.0% | -4.7% | -2.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 100M | 134M | 31M | 53M | -6.0M | 103M | 109M | 71M | -41M | 257M | 192M | 103M | 185M |
| Free Cash Flow | 34M | 34M | -30M | -28M | -48M | 75M | 81M | 41M | -79M | 169M | 120M | 36M | 128M |
| Owner Earnings | 21M | 63M | -14M | 5.7M | -60M | 48M | 47M | 4.5M | -108M | 81M | 10M | -122M | -28M |
| CapEx | 66M | 100M | 61M | 81M | 42M | 28M | 28M | 30M | 38M | 88M | 72M | 67M | 57M |
| Maint. CapEx | 71M | 63M | 39M | 42M | 48M | 51M | 57M | 61M | 67M | 169M | 175M | 206M | 195M |
| Growth CapEx | 0 | 37M | 22M | 39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 71M | 63M | 39M | 42M | 48M | 51M | 57M | 61M | 67M | 169M | 175M | 206M | 195M |
| CapEx/OCF | 66.3% | 74.7% | 137.9% | 151.8% | N/A | 27.0% | 25.8% | 42.3% | N/A | N/A | 37.5% | 65.0% | 30.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 19M | 20M | 22M | 22M | 23M | 23M | 23M | 24M | 19M | 0 | 0 | 0 | 0 |
| Dividend Yield | 0.2% | 0.2% | 0.2% | 0.2% | 3.1% | 4.1% | 3.8% | 3.6% | 3.7% | N/A | N/A | N/A | N/A |
| Share Buybacks | 12M | 17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 1.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 7.9M | 7.2M | 5.5M | 5.5M | 6.3M | 3.6M | 5.7M | 5.1M | 831K | 7.0M | 7.0M | 19M | 18M |
| Debt Repayment | 18M | 5.2M | 8.2M | 9.8M | 11M | 17M | 23M | 26M | 35M | 4.0M | 2.0M | 484M | 484M |
| Balance Sheet | |||||||||||||
| Net Debt | 305M | 255M | 317M | 365M | 137M | 130M | 114M | 510M | 624M | 815M | -180M | 1.6B | 1.6B |
| Cash & Equiv. | 100M | 105M | 55M | 116M | 143M | 126M | 100M | 138M | 111M | 50M | 230M | 305M | 303M |
| Long-Term Debt | 399M | 353M | 364M | 470M | 401M | 337M | 288M | 738M | 793M | 853M | 0 | 2.0B | 1.9B |
| Debt/Equity | 0.62 | 0.54 | 0.57 | 0.68 | 0.78 | 0.69 | 0.54 | 1.45 | 2.66 | 3.37 | 0.02 | 1.83 | 1.83 |
| Interest Coverage | 5.6 | 5.5 | -1.6 | 2.5 | 1.4 | 5.2 | 7.0 | 2.3 | -4.9 | 1.1 | -47.0 | N/A | 3.9 |
| Equity | 649M | 663M | 654M | 709M | 539M | 556M | 578M | 543M | 318M | 257M | 2.1B | 1.1B | 1.0B |
| Total Assets | 1.6B | 1.5B | 1.5B | 1.7B | 1.3B | 1.3B | 1.3B | 1.9B | 1.6B | 1.6B | 2.8B | 4.0B | 3.9B |
| Total Liabilities | 912M | 837M | 867M | 1.0B | 801M | 728M | 709M | 1.3B | 1.3B | 1.3B | 668M | 2.9B | 2.9B |
| Intangibles | 77M | 63M | 56M | 59M | 247M | 235M | 246M | 392M | 214M | 106M | 226M | 227M | 0 |
| Retained Earnings | 919M | 963M | 963M | 948M | 770M | 726M | 723M | 706M | 499M | 420M | 0 | -159M | -211M |
| Working Capital | 295M | 248M | 171M | 238M | 236M | 247M | 220M | 265M | 319M | 326M | 429M | 822M | 802M |
| Current Assets | 575M | 552M | 494M | 585M | 469M | 477M | 453M | 637M | 679M | 606M | 886M | 1.4B | 1.4B |
| Current Liabilities | 280M | 304M | 323M | 347M | 233M | 231M | 233M | 371M | 360M | 280M | 457M | 601M | 605M |
| Per Share Data | |||||||||||||
| EPS | 1.57 | 1.47 | 0.49 | 0.18 | -52.78 | -6.37 | 6.24 | 1.95 | -56.29 | 1.19 | -4.84 | -4.47 | -3.08 |
| Owner EPS | 0.48 | 1.44 | -0.31 | 0.13 | -17.76 | 14.32 | 13.69 | 1.26 | -31.41 | 2.54 | 0.31 | -3.43 | -0.78 |
| Book Value | 14.72 | 15.10 | 14.86 | 16.12 | 160.15 | 164.41 | 169.33 | 152.57 | 92.17 | 8.04 | 67.23 | 29.91 | 29.02 |
| Cash Flow/Share | 2.26 | 3.04 | 0.71 | 1.21 | -1.77 | 30.41 | 31.93 | 19.95 | -11.83 | 8.05 | 6.03 | 2.90 | 2.37 |
| Dividends/Share | 0.44 | 0.48 | 0.50 | 0.52 | 6.76 | 6.78 | 6.88 | 7.22 | 3.64 | 0.00 | N/A | N/A | 0.00 |
| Shares Out. | 44.1M | 43.9M | 44.0M | 44.0M | 3.4M | 3.4M | 3.4M | 3.6M | 3.5M | 31.9M | 31.8M | 35.6M | 35.8M |
| Valuation | |||||||||||||
| P/E Ratio | 11.3 | 9.2 | 36.6 | 90.6 | N/A | N/A | 26.4 | 92.7 | N/A | N/A | N/A | N/A | -4.5 |
| P/FCF | 304.0 | 228.6 | N/A | N/A | N/A | 8.0 | 7.0 | 15.7 | N/A | 4.9 | 6.1 | 10.9 | 3.8 |
| EV/EBIT | 10.2 | 8.8 | 39.9 | 32.5 | 44.8 | 15.3 | 15.8 | 45.2 | N/A | N/A | N/A | N/A | 38.6 |
| Price/Book | 1.2 | 0.9 | 1.2 | 1.0 | 1.3 | 1.1 | 1.0 | 1.2 | 0.5 | 0.4 | 0.3 | 0.4 | 0.5 |
| Price/Sales | 0.5 | 0.5 | 0.4 | 0.9 | 0.8 | 0.6 | 0.7 | 0.6 | 0.3 | 0.1 | 0.3 | 0.2 | 0.2 |
| FCF Yield | 4.3% | 5.7% | -3.8% | -3.8% | -6.7% | 12.5% | 14.4% | 6.4% | -50.5% | 187.1% | 16.4% | 9.2% | 26.1% |
| Market Cap | 784M | 595M | 789M | 717M | 715M | 602M | 562M | 643M | 156M | 90M | 732M | 392M | 491M |
| Avg. Price | 268.74 | 237.42 | 203.55 | 222.81 | 218.32 | 166.35 | 183.29 | 191.11 | 146.92 | 41.35 | 21.79 | 16.49 | 13.71 |
| Year-End Price | 231.10 | 176.20 | 233.08 | 211.91 | 212.37 | 177.90 | 164.67 | 180.84 | 45.11 | 26.00 | 23.01 | 11.03 | 13.71 |
Magnera Corp passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 5.1x vs a median of 7.5x. The company's 5-year average gross margin is 10.1%. At current prices, the estimated annualized return to fair value is -37.6%.
Magnera Corp (MAGN) has a debt-to-equity ratio of 1.83. This indicates higher leverage, which may increase financial risk.
Magnera Corp (MAGN) reported earnings per share (EPS) of $-4.47 in its most recent fiscal year.
Magnera Corp (MAGN) has a return on equity (ROE) of -9.9%. A negative ROE may indicate losses or negative equity.
Magnera Corp (MAGN) has a 5-year average gross margin of 10.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for Magnera Corp (MAGN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Magnera Corp (MAGN) has a book value per share of $29.91, based on its most recent annual SEC filing.
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