KRT - Karat Packaging Inc. Stock Price, Fair Value and News

28.48USD-0.22 (-0.77%)Delayed

Market Summary

USD28.48-0.22

Delayed

-0.77%

KRT Stock Price

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KRT RSI Chart

KRT Valuation

Market Cap

568.9M

Price/Earnings (Trailing)

19.2

Price/Sales (Trailing)

1.4

EV/EBITDA

10.62

Price/Free Cashflow

12.99

KRT Price/Sales (Trailing)

KRT Profitability

EBT Margin

9.72%

Return on Equity

18.47%

Return on Assets

10.62%

Free Cashflow Yield

7.7%

KRT Fundamentals

KRT Revenue

Revenue (TTM)

405.5M

Rev. Growth (Yr)

-0.2%

Rev. Growth (Qtr)

0.03%

KRT Earnings

Earnings (TTM)

29.6M

Earnings Growth (Yr)

-32.88%

Earnings Growth (Qtr)

65.75%

Breaking Down KRT Revenue

Last 7 days

6.6%

Last 30 days

7.0%

Last 90 days

0.7%

Trailing 12 Months

85.9%

How does KRT drawdown profile look like?

KRT Financial Health

Current Ratio

3.33

Debt/Equity

Debt/Cashflow

244.67

KRT Investor Care

Dividend Yield

3.69%

Dividend/Share (TTM)

1.05

Shares Dilution (1Y)

0.44%

Diluted EPS (TTM)

1.49

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	405.5M	0	0	0
2023	413.3M	407.2M	402.7M	405.7M
2022	394.0M	414.3M	421.6M	423.0M
2021	307.1M	316.9M	343.3M	364.2M
2020	0	0	0	295.5M

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Tracking the Latest Insider Buys and Sells of Karat Packaging Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 08, 2024	guo jian	sold (taxes)	-27,160	26.0911	-1,041	chief financial officer
Feb 01, 2024	guo jian	acquired	-	-	3,750	chief financial officer
Nov 28, 2023	wang joanne tzu jung	sold	-247,821	21.4045	-11,578	-
Nov 21, 2023	wang joanne tzu jung	sold	-165,757	21.3577	-7,761	-
Nov 20, 2023	wang joanne tzu jung	sold	-90,881	21.4394	-4,239	-
Oct 17, 2023	quire daniel	sold	-10,823	22.0877	-490	chief revenue officer
Oct 17, 2023	wang joanne tzu jung	sold	-190,948	22.0877	-8,645	chief operating officer
Oct 15, 2023	quire daniel	acquired	-	-	1,666	chief revenue officer
Oct 15, 2023	wang joanne tzu jung	acquired	-	-	25,000	chief operating officer
Sep 19, 2023	cheng marvin	sold	-3,150,000	21.00	-150,000	vp-manufacturing, secy

Which funds bought or sold KRT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	unchanged	-	590	4,491	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	99,911	760,225	0.02%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.91	-8,241	19,541	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-94.66	-40,185	2,632	-%
May 15, 2024	D. E. Shaw & Co., Inc.	sold off	-100	-282,246	-	-%
May 15, 2024	ZACKS INVESTMENT MANAGEMENT	added	20.67	632,032	2,255,540	0.02%
May 15, 2024	JANUS HENDERSON GROUP PLC	reduced	-4.13	59,562	633,597	-%
May 15, 2024	CITADEL ADVISORS LLC	reduced	-23.53	-131,735	969,965	-%
May 15, 2024	Royal Bank of Canada	reduced	-59.67	-99,000	86,000	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	reduced	-28.04	-257,573	1,244,540	-%

Are Funds Buying or Selling KRT?

Are funds buying KRT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own KRT

No. of Funds

Unveiling Karat Packaging Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Sep 25, 2023	cheng marvin	30.66%	6,099,727	SC 13D/A
Sep 25, 2023	yu alan	34.82%	6,926,698	SC 13D/A
Sep 22, 2022	cheng marvin	34.03%	6,748,727	SC 13D/A

Recent SEC filings of Karat Packaging Inc.

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 10, 2024	10-Q	Quarterly Report
May 09, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading

Peers (Alternatives to Karat Packaging Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PKG	16.4T	7.8B	2.61%	41.74%	22.8K	2.1K	-6.16%	-25.24%
AVY	18.2B	8.5B	8.32%	32.32%	32.89	2.16	-3.48%	-18.51%
AMCR	14.8B	13.8B	16.31%	0.49%	22.73	1.08	-7.72%	-33.16%
IP	14.1B	18.5B	15.92%	26.88%	82.07	0.76	-11.60%	-86.93%
MID-CAP
CCK	10.3B	11.8B	11.10%	3.40%	24.41	0.87	-7.33%	-33.86%
GPK	8.6B	9.2B	3.88%	9.79%	12.7	0.93	-3.99%	9.49%
REYN	6.1B	3.7B	2.99%	2.23%	18.4	1.63	-3.42%	47.98%
SEE	5.7B	5.5B	24.99%	-7.75%	15.66	1.04	-1.86%	-10.54%
SLGN	5.0B	5.9B	0.96%	-0.19%	16.32	0.86	-7.84%	-5.76%
OI	2.1B	6.9B	-11.93%	-38.33%	-8.73	0.3	-1.83%	-133.76%
SMALL-CAP
TRS	1.1B	905.2M	10.46%	8.09%	27.76	1.24	1.58%	-28.68%
MYE	611.3M	804.4M	-21.60%	-16.29%	15.52	0.76	-9.59%	-29.54%
PACK	551.5M	340.4M	-2.06%	91.67%	-24.19	1.62	4.67%	42.57%
TUP	102.4M	1.1B	124.49%	185.71%	-0.28	0.09	-17.21%	-907.42%
DSS	12.9M	30.3M	3.39%	-57.83%	-0.17	0.43	-36.04%	-28.10%

Karat Packaging Inc. News

Latest updates

Karat Packaging Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1
Revenue	0.0%	96.00	96.00	106	109	96.00	93.00	110	115	105	91.00	103	95.00	76.00	70.00	76.00	85.00	64.00
Gross Profit	10.3%	38.00	34.00	39.00	42.00	38.00	30.00	34.00	34.00	34.00	28.00	30.00	28.00	22.00	19.00	23.00	29.00	18.00
Operating Expenses	0.2%	30.00	29.00	28.00	29.00	25.00	25.00	26.00	26.00	25.00	21.00	24.00	21.00	18.00	17.00	16.00	14.00	14.00
S&GA Expenses	-32.5%	11.00	16.00	8.00	9.00	9.00	8.00	9.00	9.00	9.00	8.00	10.00	8.00	6.00	6.00	6.00	5.00	5.00
EBITDA Margin	-6.2%	0.13*	0.14*	0.14*	0.13*	0.11*	0.11*	0.11*	0.11*	0.12*	0.11*	0.10*	0.11*	-	-	-	-	-
Interest Expenses	-4.7%	1.00	1.00	1.00	1.00	0.00	0.00	0.00	1.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00
Income Taxes	160.2%	2.00	1.00	3.00	3.00	3.00	0.00	2.00	2.00	3.00	1.00	1.00	2.00	1.00	-0.23	1.00	4.00	0.00
Earnings Before Taxes	71.2%	8.00	5.00	12.00	14.00	12.00	5.00	8.00	9.00	11.00	7.00	5.00	11.00	4.00	1.00	6.00	14.00	1.00
EBT Margin	-8.2%	0.10*	0.11*	0.11*	0.10*	0.08*	0.08*	0.08*	0.08*	0.09*	0.08*	0.06*	0.07*	-	-	-	-	-
Net Income	65.8%	6.00	4.00	9.00	11.00	9.00	3.00	6.00	7.00	8.00	5.00	4.00	9.00	3.00	2.00	4.00	10.00	1.00
Net Income Margin	-9.2%	0.07*	0.08*	0.08*	0.07*	0.06*	0.06*	0.06*	0.06*	0.07*	0.06*	0.05*	0.06*	-	-	-	-	-
Free Cashflow	-38.1%	6.00	10.00	11.00	16.00	13.00	16.00	20.00	3.00	-12.25	10.00	-1.55	-7.87	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet														(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Assets	1.0%	279	276	280	287	273	252	239	247	240	208	203	207	177	181
Current Assets	3.6%	161	155	159	161	142	124	125	134	134	103	101	106	76.00	80.00
Cash Equivalents	-43.0%	13.00	23.00	28.00	18.00	23.00	16.00	8.00	4.00	7.00	6.00	2.00	8.00	1.00	0.00
Inventory	10.8%	79.00	72.00	72.00	76.00	71.00	71.00	73.00	85.00	77.00	58.00	60.00	62.00	46.00	49.00
Net PPE	-1.4%	94.00	95.00	97.00	96.00	99.00	96.00	94.00	95.00	92.00	93.00	94.00	93.00	94.00	96.00
Goodwill	0%	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	3.00
Liabilities	4.3%	119	114	115	122	112	100	85.00	100	100	76.00	78.00	87.00	134	141
Current Liabilities	8.5%	48.00	44.00	46.00	51.00	44.00	39.00	35.00	37.00	40.00	31.00	33.00	40.00	40.00	43.00
Long Term Debt	-7.9%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	36.00	37.00	0.00
LT Debt, Current	1.5%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	12.00	11.00
LT Debt, Non Current	-100.0%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	36.00	37.00	0.00
Shareholder's Equity	4.1%	160	154	154	165	161	142	154	148	140	132	125	120	43.00	40.00
Retained Earnings	-0.2%	68.00	68.00	68.00	69.00	65.00	56.00	59.00	52.00	46.00	39.00	34.00	30.00	20.00	19.00
Additional Paid-In Capital	0.5%	87.00	87.00	87.00	86.00	86.00	86.00	86.00	85.00	84.00	84.00	83.00	82.00	14.00	14.00
Shares Outstanding	0.0%	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	17.00	-	-
Minority Interest	-30.1%	6.00	9.00	11.00	11.00	10.00	10.00	10.00	10.00	10.00	9.00	9.00	8.00	9.00	7.00
Float	-	-	-	-	104	-	-	-	96.00	-	-	-	102	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1
Cashflow From Operations	-36.3%	6,559	10,291	12,035	16,868	14,185	16,975	20,245	3,681	-11,427	9,925	1,441	-7,191	4,504	2,247	3,557	7,242	1,501
Share Based Compensation	1288.9%	375	27.00	250	216	277	273	598	565	611	938	848	240	-	-	-	-	-
Cashflow From Investing	10.0%	-7,947	-8,833	7,976	-14,632	-14,685	-1,268	-4,226	-7,556	-4,795	-4,642	-3,800	-2,745	-2,094	-3,221	-3,160	-27,959	-3,011
Cashflow From Financing	-30.6%	-8,544	-6,544	-10,106	-7,204	7,684	-7,197	-11,989	556	16,559	-479	-3,644	16,657	-1,897	-645	-898	21,019	2,974
Dividend Payments	-100.0%	-	3,992	9,952	-	-	6,964	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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KRT Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 95,613	$ 95,801
Cost of goods sold	58,011	57,657
Gross profit	37,602	38,144
Operating expenses:
Selling expenses	10,763	8,701
General and administrative expenses (including $556 and $671 associated with variable interest entity for the three months ended March 31, 2024 and 2023, respectively)	16,769	16,629
Impairment expense and loss, net, on disposal of machinery	1,994	82
Total operating expenses	29,526	25,412
Operating income	8,076	12,732
Other income (expenses)
Rental income (including $255 and $247 associated with variable interest entity for the three months ended March 31, 2024 and 2023, respectively)	291	247
Other income (expense), net	55	(208)
Gain (loss) on foreign currency transactions	122	(427)
Interest income (including $213 and $16 associated with variable interest entity for the three months ended March 31, 2024 and 2023, respectively)	431	67
Interest expense (including $517 and $406 associated with variable interest entity for the three months ended March 31, 2024 and 2023, respectively)	(524)	(407)
Total other income (expenses), net	375	(728)
Income before provision for income taxes	8,451	12,004
Provision for income taxes	1,975	2,818
Net income	6,476	9,186
Net income attributable to noncontrolling interest	310	181
Net income attributable to Karat Packaging Inc.	$ 6,166	$ 9,005
Basic and diluted earnings per share:
Basic (in dollars per share)	$ 0.31	$ 0.45
Diluted (in dollars per share)	$ 0.31	$ 0.45
Weighted average common shares outstanding, basic (in shares)	19,969,606	19,886,585
Weighted average common shares outstanding, diluted (in shares)	20,075,485	19,939,923

KRT Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents (including $4,327 and $13,566 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	$ 13,144	$ 23,076
Short-term investments (including $7,038 and $0 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	33,515	26,343
Accounts receivable, net of allowance for bad debt of $342 and $392 at March 31, 2024 and December 31, 2023, respectively	30,111	27,763
Inventories	79,272	71,528
Prepaid expenses and other current assets (including $78 and $82 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	4,492	6,219
Total current assets	160,534	154,929
Property and equipment, net (including $43,882 and $44,185 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	93,853	95,226
Deposits	229	1,047
Goodwill	3,510	3,510
Intangible assets, net	320	327
Operating right-of-use assets	19,360	20,739
Other non-current assets (including $67 and $53 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	1,232	619
Total assets	279,038	276,397
Current liabilities
Accrued expenses (including $171 and $591 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	11,318	10,576
Customer deposits (including $0 and $116 associated with variable interest entity at March 31, 2024 and December 31, 2023)	725	951
Long-term debt, current portion (including $1,139 and $1,122 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	1,139	1,122
Operating lease liabilities, current portion	4,439	4,800
Other current liabilities (including $2,186 and $1,302 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	3,875	3,200
Total current liabilities	48,190	44,401
Deferred tax liability	4,197	4,197
Long-term debt, net of current portion and debt discount of $187 and $203 at March 31, 2024 and December 31, 2023, respectively (including $48,116 and $48,396 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively, and debt discount of $187 and $203 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	48,116	48,396
Operating lease liabilities, net of current portion	17,754	16,687
Other non-current liabilities	389	26
Total liabilities	118,646	113,707
Commitments and Contingencies (Note 14)
Karat Packaging Inc. stockholders’ equity
Preferred stock, $0.001 par value, $10,000,000 shares authorized, no shares issued and outstanding, as of March 31, 2024 and December 31, 2023	0	0
Common stock, $0.001 par value, $100,000,000 shares authorized, $19,995,032 and $19,972,032 shares issued and outstanding, respectively, as of March 31, 2024 and $19,988,482 and $19,965,482 shares issued and outstanding, respectively, as of December 31, 2023	20	20
Additional paid in capital	87,094	86,667
Treasury stock, $0.001 par value, $23,000 shares as of both March 31, 2024 and December 31, 2023	(248)	(248)
Retained earnings	67,537	67,679
Total Karat Packaging Inc. stockholders’ equity	154,403	154,118
Noncontrolling interest	5,989	8,572
Total stockholders’ equity	160,392	162,690
Total liabilities and stockholders’ equity	279,038	276,397
VIE, Primary Beneficiary
Current assets
Cash and cash equivalents (including $4,327 and $13,566 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	4,327	13,566
Short-term investments (including $7,038 and $0 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	7,038	0
Prepaid expenses and other current assets (including $78 and $82 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	78	82
Property and equipment, net (including $43,882 and $44,185 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	43,882	44,185
Other non-current assets (including $67 and $53 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	67	53
Current liabilities
Accounts Payable, Current	68	63
Accrued expenses (including $171 and $591 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	171	591
Customer deposits (including $0 and $116 associated with variable interest entity at March 31, 2024 and December 31, 2023)	0	116
Long-term debt, current portion (including $1,139 and $1,122 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	1,139	1,122
Other current liabilities (including $2,186 and $1,302 associated with variable interest entity at March 31, 2024 and December 31, 2023, respectively)	2,186	1,302
Nonrelated Party
Current liabilities
Accounts Payable, Current	21,394	18,446
Related Party
Current liabilities
Accounts Payable, Current	$ 5,300	$ 5,306

About Karat Packaging Inc.

Karat Packaging Inc., together with its subsidiaries, manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. The company offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. It also provides new product development, design, printing, and logistics services. Karat Packaging Inc. was incorporated in 2108 and is based in Chino, California.

CEO	Mr. Alan Yu
WEBSITE	karatpackaging.com
INDUSTRY	Packers
EMPLOYEES	781

Karat Packaging Inc. Frequently Asked Questions

What is the ticker symbol for Karat Packaging Inc.? What does KRT stand for in stocks?

KRT is the stock ticker symbol of Karat Packaging Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Karat Packaging Inc. (KRT)?

As of Fri May 17 2024, market cap of Karat Packaging Inc. is 568.89 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of KRT stock?

You can check KRT's fair value in chart for subscribers.

What is the fair value of KRT stock?

You can check KRT's fair value in chart for subscribers. The fair value of Karat Packaging Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Karat Packaging Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for KRT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Karat Packaging Inc. a good stock to buy?

The fair value guage provides a quick view whether KRT is over valued or under valued. Whether Karat Packaging Inc. is cheap or expensive depends on the assumptions which impact Karat Packaging Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for KRT.

What is Karat Packaging Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, KRT's PE ratio (Price to Earnings) is 19.2 and Price to Sales (PS) ratio is 1.4. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. KRT PE ratio will change depending on the future growth rate expectations of investors.