Richards Packaging Income Fund T.RPI.UN

Alternate Symbol(s): RPKIF

Consumer Cyclical Packaging & Containers

Richards Packaging Income Fund (the Fund) is a Canada-based company. The Fund owns Richards Packaging Inc. (Richards Packaging), which serves a range of customer bases throughout North America comprised of approximately 17,000 regional food, beverage, cosmetics, healthcare, and other enterprises. Richards Packaging specializes in the design, manufacture, and distribution of packaging solutions in both glass and plastic containers and closures for a variety of markets. The Company's services consist of global sourcing, inventory management, manufacturing, and packaging 101. The Company also operates other divisions, which includes Clarion Medical Technologies, Dispill, Dosipill International, and Healthmark. Under RICHARDS Pharma Solutions, it offers personal protective equipment (PPE)/specialty, laboratory, and automation solutions as well as products, such as vials, bottles, and ointment and lotion.

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Richards Packaging Income Fund > Valuation

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Post by DanielDarden123on May 06, 2021 1:09pm

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Post# 33141637

Valuation

As a long term holder, valuation has always been a factor for consideration. However, many factors enter into that .evaluation. With a stellar balance sheet, $50M of working capital, and a low POR a EV/Ebitda multiple of 10 seems reasonable. Cosmetics accounted for half of the decrease in revenue from their legacy business so an improvement post pandemic would provide growth Q/Q going forward. Presumably demand would increase with increasing socializing. In the event of a prolonged pandemic, the last year results demonstrate stability.

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